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Well, may I know your risk management plan on per trade? I am just curious, nothing else.

Yes, spread is an important calculation! But my suggestion is to the all newcomers, please don’t concentrate on spread and broker more than your trading system. Your trading system is the key here.

It’s very important point actually! Over-trading is one of the most common problem here! In addition, I don’t open more than 2 trades in my live account.

Actually, when I was a new trader then I scared on this ratios; it was really horrible to me. But now think, more than 60% traders joined here with a wrong mind set (quick money making). So eventually the success ratio is not much unrealistic.

No doubt, Forex is a profitable business but not for all; here success ratio is below 20%. But the thing is, pro traders can make decent amount of money here.

I think it’s a free software. How can I download this one?

Since, their success ratio is not high; that’s why they should use less than 1%. 1% is the maximum number.

I also avoid exotic trading pairs, but not only for the high spreads but also for the unexpected movements.

Agree with you, high trading leverage is not a good option actually! Basically, we traders need to select our trading leverage according to our plan but not more than 1:300.

According to me, h4 is the most decent trading chart for doing long-term trading! I see, the trend is more stable here rather than lower time frames like H1, M30. That’s why, I like to use H4 with D1.

But I see, traders are interested to invest their real money too early! No doubt, a healthy trading equity is very important parameter here, but investing before ensuring the trading skill is really dangerous! On the other hand, right now there have so many retail traders friendly brokers are...

I know a trader, who started from the zero level and he is a pro trader! So, nothing is impossible here since knowledge is the key.

Can you please elaborate your 3rd point? Unfortunately, I am not clear. Thank you.

Exactly, consistency is the key! Even, if you daily return is tiny amount but your monthly return will be healthy enough because of your consistency. So, we traders need to focus on consistency in our trading.

Yes, that’s the decent ratio, but I see few traders are interested in aggressive trading lots size! They are basically greedy Forex trader, and the ultimate result is death.

I have also seen, new traders try to make quick money here! But the reality is, here only 10% traders are able to make money practically; so don’t follow the wrong way.

Can you please elaborate this point, please? I am really interested to know your plan.

So neat & clean money management plan; I really appreciate you! By the way, right now I am taking only 1% risk; yes only 1% because sometimes I need to open 3-4 trades at a time on different trading pairs.

I must say, you have no idea on the reality of Forex; what kind of trader you are, that doesn’t mean much! Because, it’s decentralized market and there is nothing like 100% in Forex.

I have no daily target; because I can’t move the market. When I get good entry point only then I open my trade, I don’t see any value to set so called trading target.