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News trading is not good for you, if you don't have deep understanding of the fundamental. Many newbies lose money by doing news trading especially during NFP and FOMC. I usually stay away during this time.

Overconfidence brings huge loss to a trader. Due to overconfidence they open big lots. The combination of greed and overconfidence makes them do unacceptable things in trading.

Everyone can get access into online forex trading. You just require a PC or Laptop with Internet association. Before contributing genuine cash you can trade demo account. For online forex trading, most basic thing is finding a solid broker that gives you great help.

For trading discipline is very very important. And to be discipline one needs to have good trading plan. Execution of those plans makes a trader discipline.

Many traders open big lots and lot of trades at a time just because they are allowed to open by the broker. They don't bother about money management. As result their trading never improves.

Truly most traders don't get success in forex. The reason is their trading decisions are not based on sound research and learning. They think forex is a cash machine. You trade and procure immense cash. They don't consider it as a business.

I don't like to follow too many pairs. For my trading I just trade EURUSD and GBPUSD pairs. I comprehend these two pairs more as I have done good research on them. To me it is a smart thought to trade a couple of pairs. I figure each trader should begin with a single pair.

You can take trading as main source of income once you are consistent with your profit. Before that do not dare to do this. Skills and knowledge are the key to the success in trading.

Yes discipline and consistency is important. Even you need not to trade everyday. Only few trades can also benefit you a lot if consistency is there.

Yes you are right. Without skills trading is the easiest way to lose money quickly. But if you have necessary knowledge and skills the opposite is also true. For that one needs to give time in learning.

There are lot of successful traders who only follow technical analysis. They only avoid big news events. But economic data and fundamental analysis are different. So it's not necessary that you have to combine technical and fundamental analysis.

Knowledge without practical application has little value. Knowledge becomes powerful when we apply it effectively. It's the practice that helps us using our knowledge effectively.

I don't use any time frame alone. It's the combination of few time frames. D1, H4, H1 and 15Min. Entry happens in H1 and 15min but for that above time frames are also needed.

Forex is not a scam. But you will find people here who are doing their best to scam greedy people. I said greedy people bcoz they believe their unrealistic profit promising.

The few pairs you trade the better. Every pair has it's own unique characteristics. If you trade so many pairs you will not be able to learn those characteristics. You need to obeserse a pair for long time to understand that pair.

First few deposits you are going to lose there is no doubt. What you have to do is developing your skills so that you can make profit. Study and market observation is the key way of learning.

Yes trading system is important. But to make a system that works for you, you need knowledge, experience and skills. A system needs to be tuned with your trading psychology.

Forex trading is already a risky business. If you take more risk in a risky business, your downfall is a matter of time. It's better to manage risk while trading.

Don't watch market all the time. That's not trading that's addiction. You do not need to watch the market all the time. A total of 4 ot 5 hours is enough for trading.

Yes regulation of a broker is very important. There are many brokers that plays with customer money. They freeze account and ask for more deposit. Choose a broker wisely.