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Knowledge is very important in the Forex market. Without knowledge, you may lose all your money.

I think regular meditation should be done to avoid impulsive trading. Meditation helps us to control our emotions.

It is possible to gain experience by completing an online trading course. Because without experience it is not possible to become a professional trader. So online courses can help a lot in developing trading skills.

Successful traders try to maintain discipline and plan. They do every analysis patiently. And they always try to maintain a positive mindset.

If you can't maintain discipline, you can never succeed in trading. To be successful, you must maintain discipline.

There are lot of reason to lose in trading lack of knowledge, skill, emotion, good trading strategy. Trader should find their own mistake and avoid it in future to make profit.

Quitting job for trading is not a good idea for you. Try to trade at least one year. After that think about quitting job.

It is quite annoying. During volatility market like news data release, widen spreads occurs. I always try to avoid this kind situation. Trader can also use fixed spreads to deal with this kind of situation.

Major pair is best to trade. I prefer EURUSD and GBPUSD for my scalping trading strategy.

Demo account is the best place to learn trading. However, due virtual money, trader can not feel real emotion behind actual trading. When traders invest real money, they start feeling emotion which lead them to make mistake.

Some of my tips for new traders is try to understand the trading business. You have to have knowledge and skills to do good in trading. Don't expect to make money just by entering into the market. Try to learn the mindset a professional trader should have.

To finding a good strategy we need to do a lot of trail and errors. But usually people do not give much time in a strategy. They think there must be something I don't know and they keep searching.

Strategies work. But to work a strategy we need to know how to use that strategy. We also need to customize strategy according to our mind set. But for that you need good understanding of market.

Forex trading could be a good investment if you have necessary knowledge and skills. Without skills and profiting abilities trading is a good place to lose money quickly.

Most new traders make one mistake. After few months of demo trading, they start to trader in live account. But before start trading in live account, a trader should have good understanding of trading psychology, emotions and risk management.

Forex trading offers high leverage by which a trader can manage bigger trade with littler capital. In the event that you are a position trader it is more astute to use low leverage like 50:1 or 100:1. Indeed leverage ends up being more hazardous when we use big lot in relation to the capital.

If you are successful in demo by following a very specific methodology for a long period of time, you have higher possibility of doing good in live as well. But if you are random in demo, your chances are zero in live. When it comes to real money we start thinking a bit differently.

Forum community is helpful. I learn and also got lot of helps for my several doubts.

Slippage is the main problem for limit order. Sometime broker cannot execute limit order perfectly.

Regulated broker is safe option. Try it your own risk if you choose unregulated one. Check those brokers’ review and rating.