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Higher leverages can claim higher damages too since they are the double edge sword so the newbies being unaware of the market conditions should keep the leverage low in start to be on safe side.

Losses are hard making us angry however we need to stick the plan and cut off our losses early before they can eat up the entire account. Some however try to overtrade to recover those losses and eventually lose more while chasing their lost money and this is actually called revenge trading...

I think this is the case when we trade CFDs however if our trading strategy helps make us money we can trade intraday and relax on the weekends rather than thinking about what the markets will do on Mondays.

The only way to learn and practice forex profitable strategies is by trading through a demo account which provides us real time market environment and virtual funds to initiate trades so even if we lose we can learn from our mistakes rather than risking our own funds.

Every broker offers bonuses and perks to attract and engage traders, you can check out their recent offerings on their main website or can also check from their customer services through chat.

The thing is we can make money if we know what we are doing in this market and if we know all that stuff we can also utilise bonuses effectively in our favor.

It can only be a good if we know what we actually doing in the marketplace and the skills come with patience, focus and discipline however many treat forex similar to gambling and ends up losing money to their counterparts.

News releases usually bring volatility in the markets , some are low impact and some are high which shakes the markets very high so it is better to wait and see what impact these news brings to the markets before getting in live trades on news releases in my opinion.

Losses brings anger and sometime revenge trading too however it is better to learn from the losses and letting go of them in order to become a successful trader in future.

Risks are everywhere and so is there no exceptions in the forex industry, the main job of any trader is to manage those risks and make money.

Moreover it can be started with small investments and we can choose our own time to enter these markets which suits us either it is a New York session, London session or the Asian session.

We need to go with the brokers having positive reputation in the market like hfm, octa, xm, lmfx etc however doing some of our own research before finalizing any right broker is a must in my opinion becuase it is really hard recommending brokers these day in my opinion since many new entering...

Having a mentor can be good in my opinion however it is hard to find a right mentor these days and more important is that these mentors does not come for free.

The only common thing in successful traders is the abundance of focus and discipline in my opinion.

Indicators can be good however they can be trickier at the same time too since they provides lagging data to traders. It is better to keep learning the forex trading and detach the dependence from other indicators for analysis.

In my opinion, its depends on the trader's personality traits since opening a trader lasting for more than a month may seems riskier however if the margin and equity allows them to sustain that particular trade and the outcome is profit then i think its not a bad deal.

Serving the industry for more than a decade means earning a lot of reputation and credibililty else forex brokers these days are coming in and going out every single day.

It will soon be providing tailormade solution to traders to trade both forex and crypto through one window. I also have heard about the new cash back promotion offered by this broker, sound legit to me so far.

Good to avail bonuses if they are being offered however keeping in mind to adhere with the associated terms and conditions of such bonus offerings.

Demo accounts can be a good way to learn forex trading and testing any reputable broker like hfm etc without investing any money with the broker.