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For newbie higher time frames is good for trading. In lower time frame there is too much noise. To trade there you need enough skills. Due to trading in lower time frames newbies traders become restless.

Everyone should use demo to test any strategy before applying the strategy in live account. In demo you can find out how the strategy is working. If you winning percentage is good enough, you can trade on live account.

Economic indicators are the main catalyst behind market direction. But trading during big news events like NFP is not a good idea. During this time market spikes a lot. It's better to stay away from market during this time.

A short term trader or scalper should always use stop loss according to his risk reward ratio. Otherwise you will get margin call if market goes against you.

A robot doesn't work all the time. A robot is made based on a strategy for a specific market. To be profitable you always need to adjust your strategy according to the changing market. With a robot which is not possible.

Planning for trading is very important. You should have prior knowledge of what you are doing and why you are doing. A good plan includes all these answers.

To be successful in anything you need a passion for it. Forex trading is not an exception. Passion means enthusiasm to study and research to learn it. If you are not willing to study you better find something else.

Scalping needs good entry and exit skills and a sound and composed mindset. Without these skill sets scalping is very risky. It's bad for trading psychology especially for newbies.

Newbie traders should focus on learning. They also should remember that forex trading is not gambling. They have to treat it as business. Do not keep unrealistic expectation.

There is nothing like best pair. It is about in which pair you are comfortable with. You have to find your favourite pairs by observing them. The pair you will understand the most is the best pair for you.

Greed is the most dangerous emotion. Over trading, revenge trading, opening trade when not sure all these happen because of greed. We have to be greed free to be profitable.

Money management in forex trading is very important. Due to high leverage you need to manage your money. Otherwise if a trade goes against you, you may get margin call due to poor money management.

Yes forex trading is a lucrative profession only if you can make money here. Most people can't make money here due to poor knowledge and psychology. To make profit here you need enough skills.

Yes it is not possible to make profit in every trade. Even a 50% winning ratio can be good if risk and reward ratio is good like 1:3. But many traders run for 100% winning strategy which doesn't exist.

Yes you are right. In the lower time frame there is too much chaos. For newbie it's very difficult to stay calm and composed. Lower time frames can make them restless which is bad for developing a good trading psychology.

For newbie 100/200$ is okay amount to start with. This amount to test what you have learned by doing demo trading. Once you are confident about your strategy and understanding of the market, you are good to top up more money.

Yes you are right. To know the market self understanding of the market and trading strategy is very important. Following a strategy blindly is nothing but gambling. One should focus on deep learning of the market.

I think plans should be based on your strategy. Focusing on specific targets in a month can make us restless in decision making. It should be like open trade only if your strategy allows you.

Yes trading is not easy. But in most cases a new person is introduced to forex by saying forex is very easy, you can do it. But no, not everyone can be profitable in trading. One needs to give enough time to learn the art of trading.

Yes without patience and discipline, survival in the market is not possible. No matter how much good strategy you have, you need to be discipline in your trading. Every successful trader has one thing in common which is discipline.