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I think most of the traders don't have enough skills and knowledge. That's why they have faced many problems in this market.

If you can make a proper strategy to make a profit, you can become successful in this market.

No, I don't think that Forex trading is gambling. It needs proper skills and knowledge to earn money.

Yes. Money management is very important. Without proper money management, it is quite tough to make a profit from this risky market.

Regulated brokers never cheat with clients. It is better to trade with a broker whose spread is low and whose service is very reliable. If the broker is not good then it is not possible to go ahead in trading.

The first thing you need to look at is the market context. 4 types of context such as volatile / non volatile / impulsive / and corrective. Trading is done by combining support and resistance levels with these 4 things but the amount of loss will be reduced a lot.

There are many types of strategies in the Forex market. Among these strategies, technical analysis is better. I try to read the market context all the time. The first thing you need to know is what position the market is in. It is better to stay away from trading in the volatile market...

The key difference between demo and real is in real your money is involved. And where money is involved, emotions are associated. But demo is a good place to develop your strategy. You can test our strategy on demo without any risk.

Money management is extremely important in trading. By far most of individuals slump in trading since they don't take after incredible money management rules. You can't risk more than 2% of your capital. You can take one trade or a couple but total risk should not outperform 2% of your capital.

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. Without customized strategy, long term success in trading is not possible.

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.

Plan should include all factor like risk and money management. Divide the whole plan in several small task which make it easy to do and follow.

Pandemic make every trading instrument volatile in 2020. I think market will not stabilize until pandemic over.

Learn the basic trading first. Then use demo account for practice. Don’t invest until fully mastering trading.

There is no quickly get rich scheme in trading. Only those who work hard can be successful.

There is high possibility to blow the account if you start with live account. So, start with demo trading.

You can gain knowledge through experience. Practice in demo account and learn the way of trading.

I think, traders need good trading plan for making consistent profit.

Many traders lose their money because of choosing a wrong broker.

It is best to set a goal and trade. It is possible to earn profit by trading according to discipline.