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Forex trading is all about probability. If you know how to read charts you should know most of the time it's possible to predict some movement. That's not everything. Problem we need to open a trade at the right time and manage. That's why it becomes difficult.

Choosing a reliable broker is important. We need to choose a broker which is regulated and licensed. We also should should check broker's facilities. Some brokers do not allow scalping and EA.

Yes forex itself is not a scam but there many brokers and people who do scam. People scam others by promising unrealistic profit. Every trader should careful from such offers.

Every trader need to know his strength and weakness. Only then he will be able to improve. If you know your weakness you can work on it to improve.

Method is not an issue. Utilizing the methods effectively is a challenge. Many trader keep switching from one to another. As a result they don't learn any method fully.

Knowledge is the primary need for trading. Then you need to know the effective way to use your knowledge. As proverb says, Knowledge becomes weapon when applied effectively.

Yes most people fail in trading. They fail because of poor understanding of the market. We need knowledge and skills and a good discipline mind to get success in forex trading.

Practice makes a man perfect. It's true. But we need to practice in a systematic way. In demo most people do random trading. But we should actually develop our system in demo.

Trading becomes easier with skills and experience. Make it simple. Do not use anything complicated. Do lot of experiments with different system and mindset. Slowly it will be easier.

Ready made strategy doesn't help much in trading. We need personalized strategy to get success. Every person think differently. I can take someone's strategy but can't think like him. That's why it doesn't work.

Discipline is the key to success in trading. Due to lack of discipline many good analysts lose money in the market. It's the hardest thing to achieve in trading.

Low spreads is important especially for scalping. For scalping profit target usually not big. If spreads is huge proper execution and exit of a trade would be difficult.

Yes making our own strategy is important. We need to customize our strategy according to our trading psychology and understanding. We can take other's strategy but not their thinking. That's why it needs customization.

You can take forex trading as hobby but you have to be serious about it and dedicated to it. Otherwise you will not be able to get benefit from the market.

Yes trade execution is very important. It needs to be done instantly. Some brokers give requotes a lot. If you are a short term trader you will suffer for it. It will not let you open and close a trade timely. We should be careful about it while choosing broker.

Loss is a part of trading. It's not possible to be right 100% times. We need to find a way to win most of the time. Also we need a good risk reward ratio. 1:2 can be a good risk reward ratio.

Discipline is the key to become a successful trader. If we are not discipline in our trading, it will lead us to overtrading and unnecessary trades.

Yeah a full plans of trading is needed for successful trading. A trader should cleanly knows what he is doing. Most traders do not have idea what they are doing. Out of hope they open trades.

First check the regulations of the broker. The broker needs to be regulated and licensed. Then check the facilities they are providing like spreads, leverage, margin, deposit and withdrawal facilities and customer support.

Forex is a business that requires a lot of knowledge, experience and skills to be profitable. Most people here do gambling as they are not willing to spend time to learn it.