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Trading psychology is also important to execute trading techniques and plan perfectly.

Right. New traders often lose all their saving in the market.

Right. However, traders also need a profitable strategy to make consistent profit.

If you can control risk properly, there are lot of opportunities to make money.

Traders can start trading with little capital like $100 unlike stock market. Forex also open 24/5.

Many traders lose money due to fake or scams broker in the market. So, try best to avoid those brokers.

Trading is very risk. Don’t invest too much money at first.

Success in forex trading depend on time. Gain experience and survive in the market.

Forex trading can be difficult if you don't have proper knowledge and skill.

For me, demo trading took me almost 6 months. After that i saw my first profit.

It thinks forex is expensive in term of knowledge and skill not in term of capital.

New traders often rush to real trading and losing their capital. So, trade carefully.

Greed often force traders to trade without trading plan. Traders also increase their trading lot size without proper risk and money management.

Market is changing continuously. So, strategy should be adjusted or improved.

True. Finding right time to enter and exit from the market is important.

Try to trade with small capital to control your fear of losing. It may help to overcome your emotion.

Forex trading has lot of opportunities to make money. It is also easy to start.

Discipline plays important role to make consistent profit in trading. It is hard to execute trading plan properly without discipline.

I think it is true to all kind of trading strategy. If you have proper knowledge and skill you can be success with any pair and any strategy.

Trading become stressful if you lose couple trades in a row. Never trade with stress mind. It is better to take a break and clear the mind.