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I guess due to competition every reputed broker now offers scalping or trading during news events however it is good if we do some of our own research finding right broker.

It is better we should only take risk to that extent which we can afford to lose and better cut our losses earlier by using stop loss feature which is available in every broker's platform.

They need to do some of their own research before going to any broker. In my opinion some of the reputed brokers to be shortlisted can be hotforex, xm, octa, exness, lmfx etc. First shortlisting the brokers, then testing their demo accounts which are free to operate and then finalizing the right...

Exactly money is processed more conveniently to ewallets as compared to the wire transfers which took more than week in some cases depending on your location.

In my opinion we can make a plan and then stick to it whatever the results should be, however we should allow improvements in our trading plan periodically.

It takes time to trust on your gut feeling so emotional management comes with experiences and that when we start learning and trading on demo we can adjust our emotions accordingly.

We can adjust the leverage at later times as well so when we start as a new trader it is always advised to keep the leverage low coz the market conditions are not known.

Obviously we require doing practice and learning from our mistakes to become successful in our accuracy. A demo account might be helpful in learning and practicing at the same time without losing any real money.

I guess the news trading can be risky and the new traders should avoid high impact news which brings too much volatility in the trading market.

Yes we can use stop loss feature to cut our loses earlier before its too late and we can also anticipate low risk entries for reducing all associated risks in forex trading.

When trading for money we eventually have to risk our own money in order to make more money.

Obviously we will have to treat it as it is because it is now a part of our live so don't be scared off too much.

A trading plan in my opinion should be brief enough and the traders should stick to their trading plan even if the loss is incurred.

I guess traveling plans should be reviewed again as the world is opening again but might take some time in my opinion. Till then better to grab some pips and make money for the holidays :)

Reducing lot size plus lowering the leverage as well in start can be helpful to avoid loses in trading. We can also use stop loss feature to cut off our loses earlier before they become too much.

Thats why it is always recommended to check economic calendar to make sure which currency news is arriving in order to avoid surprises.

No one knew when even a trusted broker turned into scam as we have many bad examples of the same in the past. So, it can be a good idea to withdraw profits regularly keeping the necessary capital behind with the broker and continue trading.

Yeah and those who don't believe its risky they can give it a try and find out for themselves.

Lets just agree that experience comes up with time which does not have any shortcut in my opinion.

I noticed skrill payments are processed more quickly than those which are wire transferred to banks because banks have their collection standards which may delay in crediting or receiving foreign payments.