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You can learn some technical aspects of trading with a good mentor. But to understand the market takes a lot of time. You have to match your psychology with your learning. Knowledge becomes useful when we can apply it effectively.

Strategy is very important but not everything. You also need discipline. A good trading psychology. You also need good Control over your emotions and Ability to stay away from trading when it is needed.

Yes there is no secret holi-grail. Skills and discipline is important. Also you need the control over your mind. Don't be restless to open a trade if there is no obvious set up in the charts. Wait until it appears.

Greed is very dangerous for traders. A trader should not have unrealistic expectation. He should expect profit according to his trading ability. Every trader should find out how much skilled he is and then use his skills wisely.

Yes you have to find it of your own that what indicators works best for you. Here is the problems. Most do not want to test indicators, as it will take long time to find out. They directly use on live account and says nothing works.

Actually all traders except successful are restless. I have seen people with 7 years trading still doing the same. Very little changes came to them. All wants to make quick money. No money and risk management. Opens big lots. And a lot trades at a time.

This is the biggest problem of most traders. They nourish unrealistic expectation of profit. They never think if they were in other business they would never expect such profit. Expectation should meet your skills level. Not more than that.

That's a good advice. I have seen many newbie deposit a lot of money just after doing few days demo. It's not a good way to trade. First acquire skills then try with small amount. Once you are skilled enough only then invest bigger amount.

Making consistent profit by forex trading is not an easy job. Very few people can do that. Most people get temporary success in trading. To become successful in trading one must require necessary skills and knowledge. Otherwise it's difficult to be profitable.

Yes it's possible to get a good return on investment by trading forex. But for that one must be skillful and knowledgeable. Without being skilled trading forex is nothing but gambling. Eventually you will lose the money.

I like raw spreads. Because it typically starts from zero pips in major pairs if you get a good broker. For fixed spreads it varies from broker to broker. I personally like raw spreads.

Stop loss should be placed based on support and resistance not based on pips. We just can't put sl like 30 pips or 20 pips. If you want to put small SL find trade that requires small SL.

Scalping looks very tempting. But scalping is good only if you are very skilled and knowledgeable. For newbie scalping is very dangerous. It makes them vulnarbale to the market as in short time frame there is very much chaos.

I completely agree with you. Depending on others make our judgement power weak. Taking decision of our own become difficult. Every trader should focus on his own skills and work to improve the skills.

Trading can be easy but making profit is difficult. Very few people can make consistent profit. Making profit is easy for those who have enough knowledge, skills and experience. You have to give lot of time in learning.

Most people fail because they don't know what they are doing. As Warren Buffett said, Risk comes from not knowing what you are doing. Most small traders here are doing nothing but scalping.

Most traders open trades out of emotions. They fear they will miss a trade. They fear if they close a loss trade price will reverse. They open big lots out of greed. They open trade to recover a loss very quickly. They take most of their decision out of emotion.

Low spreads is very important if you do scalping. In scalping profit target is usually 5 pips to 20 Pips. That's why you need low spreads. But if you are a position trader spreads doesn't affect you that much.

Yes forex can be taken part time. But what is more important is skills. If you have the skills to be profitable, you can take it however you wants. Every new trader should invest time in learning.

Yes forex market offers great opportunity but unfortunately most people can not materialize the opportunity due to lack of knowledge and skills. They treat it just like gambling.