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Every pair has its own unique movement pattern and characteristics. Sometimes it seems they are all moving to the same direction but every pair has its own chart and price pattern. If a trader can understand that it becomes more easier for him to make money.

My first realization is- trading is not for everyone. You have to spend a lot of time in learning. In 3 or 6 months, you are not going to be anything (most newbies that the enough time). Stop chasing pips rather improve your skills. You will make consistent money when you will have a well...

Without trading education, making profit not possible. One needs very deep understanding of the market. Most newbies make the mistake of not focusing on learning. They focus on earning without learning. And lose the money on continuous basis.

Managing risk is the most important yet ignored aspect in trading. I mean all unsuccessful traders do not have any risk management policy. I do not risk more than 1% of my capital in a single trade. If I open more than one trade my maximum risk percentage is 2%.

Not everyone can be a trader. A person with determination, quest for knowledge, patience and good understanding ability can be a trader. And all these qualities can be achieved if one wants. But the problem is most people do not have that much will power. You should choose the career that you...

Money management is extremely important in trading. By far most of individuals slump in trading since they don't take after incredible money management rules. You can't risk more than 2% of your capital. You can take one trade or a couple but total risk should not outperform 2% of your capital.

Forex is excessively risky business. You can lose all your cash in the blink of an eye. That is the reason individuals take after risk administration framework. Forex trading is about how great you are in dealing with your risk. You can be a productive trader with a typical procedure if you have...

Indicator works if we know how to use an indicator effectively. Though personally I do not like indicator based trading. I trade based on candles and price. We should follow what we understand the most.

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 want to become successful in this market, you need ot make a proper plan. Besides, you have to set a goal to achieve.

You should be very careful when you go for making any decisions to invest your money in this market.

Forex is a sea of money. If you can swim in this sea you can make huge money. To make money you need proper knowledge and education about forex.

Without a proper strategy it is quite tough to make profit from this risky and volatile market.

I think most traders lose their money in this risky market because of their low knowledge and experience.

Most of the new traders want to earn money quickly. and almost every new traders want to make huge money in a short period. This put them into the losses. They loss all their money because of their greedy nature. If you want to become a good and profitable trader, you have to control your...

Regulated brokers never cheat with clients. It is better to trade with a broker whose spread is low and whose service is very reliable. If the broker is not good then it is not possible to go ahead in trading.

It would not have been possible to trade without economic news. The movement in the market is good due to the effect of the news. If a trader has no idea about the fundamentals, he will never be able to make a profit. If trading can be done by combining fundamentals with technical, then the...

It is not possible to create a good strategy without discipline. Discipline is needed to make a trader perfect. Many traders cannot make a profit by trading for a long time because of a lack of discipline among them. Plan and discipline are an important part of trading.

If you want to choose a broker in trading, you must first see if the broker is regulated and licensed. Then how are the broker's spread and deposit/withdrawal method? If the broker can run all these things in the right way, then it is possible to trade under that broker.

The market is currently volatile. The price may take an impulsive form in next 1-2 weeks.