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News trading is always challenging, till now I close all of my trades before the high voltage news as like FOMC, NFP. Besides, I handle my live account according to my price action trading knowledge & experience.

Actually, when you have a good trading system with a decent plan, then there s no problem at all. But, without enough preparation, everything is risky here.

You are absolutely right; and it’s very normal that new traders start their trading with a huge lose. But they need to focus on only learning thus they can overcome this kind of critical situations.

According to my plan now I am working with 1:100; although I started with 1:400. According to me, without a proper plan, a healthy trading leverage is costly.

Yes, having a good trading plan is very much important. I see, many traders are making huge profits but lose again, since they haven’t any proper plan on their daily trading.

I have also marked this kind of activities from the newbie’s. Actually, there is no shortcut way of money making, so using a healthy trading leverage without Forex knowledge is meaningless.

Of course, it’s important. But, initially new traders need to focus on technical & fundamental then for psychology, since it’s an advance chapter.

Really? Can you please explain how? Because, I think without proper knowledge, there is no value on long-experience.

I agree with you; since higher time frames are relatively stable than the lower time frames! In addition, here I am following mainly the D1 time frame as major, besides I use H4 even sometimes H1.

Yes too much expectation is one of the most common problem here. I see, a number of new traders join here with more than 80% monthly return although they have no knowledge on Forex market.

I really appreciate your opinion on the demo. By the way, how many months did you practice your demo?

Yes, you covered almost all of the important points. But, it takes such a long time to underhand the principles of FX market. I suffered a lot in my 1st year of trading.

It’s true. Because, Forex is one of the most profitable business. But, the numbers of successful Forex traders are very limited. It’s not easy, since Forex is a decentralized market.

Yes, it’s open to all. But, that doesn’t mean Forex is easy way of money making. Basically, a number of retail Forex traders are unable to make consistent money in their trading. So, I would like to suggest all of new traders, please study first.

But I think, fixed trading spread is a good feature for the scalper; since scalpers use tiny SL’s in their sapling trading.

Yes, till now you are using decent risk reward ratio. Don’t go for aggressive trading lots size. Here, consistency is the key.

I don’t think so, every single pip is very logical. No doubt, news trading is always challenging.

Okay, then how do you set your SL, based on MA or using others tool in that case?

Really awesome, I really liked your idea on adding video tutorial; t really helps to understand the real meaning of your post! Great job man, just keep it up.

Such a bad experience with this tool, it shows the signal too lately when the trend is almost over! I tried for EURUSD, GBPUSD & Gold.