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Trading profit cannot be made if trading psychology is not managed properly. It is never possible to profit consistently from trading if you have emotions. So every trader should have psychological control.

Profit cannot be made if the broker does not provide proper service. To make a profit, you must take the help of a broker. A good broker can help you achieve success.

It is very important to have discipline in trading. It is never possible to make a profit without discipline.

You have to use demo to find out your strategy is working. Finding out the winning percentage and risk/reward ratio. Use it for the purpose of testing your strategy. Find out your strategy's strength and weaknesses.

We can't put stop loss just by percentage. Stop loss should be based on your strategy and where the next support and resistance level is. You also need to consider your take profit and what is the possibility of hitting the take profit.

Every method is profitable if you know how to trade it. You need skills to be profitable. And to be skilled it takes time. Most new traders want to be expert in few months which is not possible. Give time in learning and market research.

Those who are addicted can never give up fully. Most traders make trading their addiction. But then too there are also traders who never come back again. You should give up when you are making same mistakes over the years.

Broker plays a very important role in forex trading. Broker is the medium through which we can do trading online. To select a good broker we have to find a regulated and licensed broker. Low spreads and low transaction cost is also important.

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.

Yes without being skilled it's not possible to make money here. It's very normal to lose many initially. A new trader should remember that it takes time to learn. There is no short cut for success in trading. They need passion for learning.

Systems do not lose money. It's the use of a system that lose money. Every system works in a specific situation. That's why patience is important. We have not wait until our system shows the trade. Follow the system. Don't make the system follow you.

Forex is not a scam. But you will find people here who are doing their best to scam greedy people. I said greedy people bcoz they believe their unrealistic profit promising. Everyone specially newbies should know that there is no short cut in trading.

Almost all methods give profit if you follow the method properly. Most traders take impulsive decision while opening a trade even when they method doesn't allow them to open the trade. So controlling emotions is very important.

People know that they need skills but they are not willing to give time in learning. They become restless to make money that after few months demo trading they jump into live trading. Then their run for a ready made strategy begin.

Forex trader has high possibility to become poor also. So, invest carefully. Don’t jump into the market without knowing anything.

For me, trading in forex market as main income source is kind of extra pressure. So, I prefer trading as part time.

Trader don’t feel any emotion in demo account. So, I think cent or micro account with small capital is best to learn about greed and control it.

To make consistent profit traders need profitable trading strategy and discipline.

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