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Only new traders are increasing in forex market. But success rate in trading is not increase. Still lot of traders are losing money daily.

True. Trader often increase their lot size without proper risk management due to greed. Sometime they lose their whole capital because of that.

Negative emotion like greed, fear, overconfidence can hamper one's trading plan and decision. So, try to control those emotions as much as possible in trading.

I think discipline is also important regarding forex success. Trader often face hardship in decision making due to emotion.

That's true. Demo account is the best place to develop your skills. There are lot of information available on internet about trading.

I don’t think any trading strategy will work for all time. Trader need to adjust their trading strategy according to the changing market.

I agree. Trader also keep in mind about risk management at exit and entry criteria.

Yes. Brokers also give more facility like low spreads, high leverage in major pairs compare to the other minor pairs.

If I even lose my whole capital I will take break from trading for week or month and come back to market again.

Emotion is harmful in trading. However, it is hard to control. Trader should focus on controlling their negative emotion in trading.

Loss is unavoidable and also necessary for new trader. Trader can learn from their mistake and overcome it.

I prefer free trading courses. There are lot of information available about trading in online.

Market is uncertain. However, good trading plan can ensure high possibility to make money from the market.

New trader often eager to trade rather than focusing on learning. They try shortcut, so they look for some magical strategy or indicator which will give them 100% profit all time.

That’s true. Patience also important in that situation. Sometime trader become eager to trade to recover their previous losses and end up trading wrong trades.

The main advantage of forex trading is that trader can make profit from fall or rise price which is make it different from stock market.

Learning is a never-ending process in every sector even in forex trading. Knowledge is the most powerful element in trading. So, learn as much as possible.

Maintaining journal is the best way to identify the mistake. Traders should know their weakness and overcome it.

I think major pair is safer than other minor pair. Broker also charge low spreads on major pair. That’s those pair are more popular than other.

Leverage make the market risker as well as profitable than other market. So, risk management is essential to use leverage.