Search results

Yeah, forex is best place to make money. However, it is not easy to do. But starting trading is easy. That’s why many of them failing due to lack of knowledge and skill.

Yeah. Forex is a market which is not scam. To trade in forex, trader or investor need broker. However, broker can scam traders in various way. So, choosing a broker, trader need learn about the broker and how to avoid the scam.

Learning is an important factor in forex trading. Due to the fact many new traders failing in the market. Without proper knowledge of the market, trading is miserable like hell.

Trading strategy is very important in forex trading. However, after creating a strategy I always beck test it. If it can generate minimum 5% profit of my capital, I apply it in real account.

Yes, Forex learning is now easy and trading also free. Anyone can test and practice trading in demo account. Almost all broker in forex market provide free demo account.

Forex is one of most popular online trading markets. There are lot of opportunity to make money as well as lose money. One of the greatest benefits of forex trading is that high leverage. Trader can trade big with low capital.

Books are great way to gain knowledge. Paid advance course may be best option although I never tried that.

That’s right. There is no fixed SL. But my average SL around 30 to 50 pips for scalping.

Trader can choose forex trading as Part time. There are lot of trading strategy in forex market. Part time trader should choose short time trading strategy like scalping.

Forex is a global trading market. World currencies are traded in this market. All currencies come with pair like EURUSD, USDJPY etc. Anyone from anywhere around the world can trade in forex.

High leverage always exposes high risk. Sometime traders blow their account in single trade because of proper risk management.

you are right about that. It is important to control negative emotion in trading. Due to negative emotion trader often make wrong decision in trading.

It’s true that loss will give you pain. However, it also gives you experience which is essential in trading. So, learn from your mistake and never repeat it again

Yeah. you are right. it depend on how well you can control your emotion in trading.

There are lot of FX currency in forex market. Trader should not trade all of them. Trades should select 1-3 currency according to their trading strategy. I prefer major currencies. They have low spread.

Every trader make mistake. It’s a human nature. But traders should learn from their mistake. Traders should use trading journal. It helps to identify and overcome the mistake.

Robots have no emotions, which is great. But the market is unpredictable and does not always work with programmed schemes. That's why I prefer manual trading.

There are a huge number of scam broker operating in FX market. Forex broker has the lowest barriers to entry that should be good, but it tends to attract people for all the wrong reasons: get rich very fast, make a small amount to a huge sum of money.

Forex has an endless potential way to make money. Forex is simple, but making profit out of it is not easy. It takes time to learn trades and consistently make a profit. If you are unwilling to learn or think that there are some shortcuts to trading, you will probably blow your account away.

Getting rich in couple of months is its completely unrealistic. I think that 5% per month is reasonable to expect after one or two year as long as one put the work in and turn out to have some natural aptitude for it.