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To finding a good strategy we need to do a lot of trail and errors. But usually people do not give much time in a strategy. They think there must be something I don't know and they keep searching.

Yes it's true. Only a small percentage of traders can sustain in the market for the long run. Those are the people who are highly skilled and have very discipline minds. We need to be like them to survive here.

Yes it's the currency trading market we all know that. To survive here we need skills and knowledge. Otherwise we will be kicked out the market very hard.

Yes we need to customize or personalize our strategy. Every person needs his own understanding of the market and price. That's why we don't get success by following other's strategy.

Yes newbie should avoid scalping as it can ruin their trading psychology. Most traders develop overtrading habit by doing scalping in their early trading life. Then they struggle to change that habit.

To develop good trading psychology, we need to sharpen our trading skill. But along with skills we need a mindset that helps us to be disciplined. Without being discipline success is

My routine is if I find set up, I trade. If I don't find trade I stay out of the market. That's why there is no specific routine for everyday.

Taking 2% risk is good way to minimize risk. At the same time we need to win most of the times. Otherwise slowly account will get wiped out. 1:2 risk reward is a moderate one. We can try that.

We can not avoid loss we can manage loss. Loss will happen that's natural. We just need to win more than to lose. If we try to be right 100% times it will lead us to more loss.

Loss is a part of trading. We have to learn to accept. We can treat our loss as our business cost. If you were to do any other business, you would have lot of operating cost like rent, employee salary etc.

Discipline is one of the most important things in forex trading. You have a very good strategy but no discipline, you will not be able to profitable. From the beginning we should focus on being disciplined.

If you want to know how political events affect the market. Look at GBPUSD, it becomes volatile due to brexit issue. A deal or no deal both will severely affect.

Yes forex can be a good opportunity if you are willing to make yourself skilled. For that you need patience and hard study. Without skills losing money becomes very easy.

Yes it's important to have our own personalized strategy. Every person thinks differently. That's why with same strategy results differ.

Loss is a part of trading. If you have good winning percentage and better risk reward ratio, loss should not bother you. Loss bothers so much to clueless traders who have no idea what's they are doing.

If you are a day trader it's not possible to make pips everyday. In some days you won't get any trades. You have to sit on sideline bench. If you want to keep a goals make it 3 months 6 months or yearly goals.

Consistency is the brick of success. It helps gradually to build your account. To be successful for long term we need to be consistent in profit making. Random trading can't help us to be successful.

Common mistakes are those that we make very often. Over trading, revenge trade, fear of missing opportunity and not following any money management policy are the most common mistakes.

Yes you are absolutely right. By trading we can make good return but only if we have enough knowledge, experience and skills. Otherwise making money in forex market is the most difficult task in the world.

Yes scalping is risky especially for newbies. By doing scalping a newbie becomes habitual to lot of trading which leads to over trading. And over trading leads loss. Later it becomes very difficult to change the habits.