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Yes Risk management is very important for every trade because that the way we can minimize our risk. And to manage risk we need to be disciplined. But it is not easy to do this, because not every one is skilled with it.

Greed is the most dangerous emotion for trading. Most of the traders lose money just because of this greed. And there are s trader who is mistaken greed as hope. Greed is when you have no trading plan. You trade all day long. After a profitable trade, you open another trade in the hope of making...

Dealing with loss becomes easy when you know what you are doing. When you know what you are doing, you know loss is a part of trading and you can recover it. The less knowledge we have the more fear we have.

For a fresher 50$/100$ is ok to understand how emotions affect the trading. 100$ means at .01 lot, a backup of 1000 pips. With this amount they can understand how emotion control is important.

Yes mental strength is very important in trading because trading is more of psychological. We need to be sound and composed emotionally while trading. Otherwise any time emotions can trigger and lead us to mistakes.

Most traders look for 80 to 100% winning strategy. But this type of strategy doesn't exit. Even a small consistent percentage can bring you a fortune in trading. We should focus on consistency.

News trading is very tempting but for good for everyone. For news trading you need good knowledge on both technical and fundamental analysis. Otherwise most of the time you would lose money in news trading.

For the long term most traders are loser. It's because most traders do not have enough skills. Some have good technical knowledge but fails because they can't control their mind. As a result open too many unnecessary trades.

Babypips website is a good source for newbies. Also newbies should make habit to read different trading related books. Books are a great source of information. Especially books related to trading psychology is a must read.

Yes, Good timing is essential for a decent entry and exit from trading. In the event that you can make a correct passage at perfect time it will give you great benefit. The inverse is additionally valid. Closing a trade at correct time is likewise imperative. If you're timing isn't right you...

Demo is for practice. In demo we can test our strategy. To make our own customized strategy demo is important. We can't lose money on live account by trying to personalize our strategy.

Yes control emotions is the most important thing other than analysis. Many good analysts lose money because they can not control their emotions effectively. We need to work on it very seriously.

If I lose a trade sometimes I do over trading. My ego comes out into play. I am trying to control those unnecessary trades. Hope very soon I will be able to control it.

Even a strategy witb 50% winning ratio is good if risk reward ratio is 1:2 and above. So with a normal strategy a person can be good trader if he can be discipline. That's why only successful people are discipline rest and not.

Scalping is risky for newbies. A newbie doesn't have necessary control over this mind. Even after 3 to 5 years or more many traders can not control their mind. As they can't control, scalping becomes very tempting for them and they do over trading.

Realistic expectation is the proportionate to your skills. If my skills allow me to 30 pips per week, I should expect 30 pips. By seeing so called screenshot on social media you should not make unrealistic expectation.

Trading psychology is 80% of successful trading. 20% strategy 80% psychology or how you emotionally react to the market. If we can't control our emotion it's not possible to make consistent money, no matter how good strategy we have.

It depends on how much you are capable of. If you are capable of predicating 100 to 500 pips trade, that's good for you. And if you are good at predicting 20 pips that's good for you. What's good for me may not be good for you and vice versa.

To be a winner in trading a person needs discipline, a good entry and exit system and a good risk management policy. Emotion control comes under discipline.

Yes long term trading is good as there is less noise in the market in higher time frame. Problem with with long term trading is you won't find too many trades. You will get very few trades. That's why newbies do not like it.