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Demo account is very beneficial for the new traders. It will help them to learn forex perfectly and properly.

Very good observation. This will help a lot of traders to make their trading decisions. Thank you for the post.

We can not avoid loss we can manage loss. Loss will happen that's natural. We just need to win more than to lose. If we try to be right 100% times it will lead us to more loss.

Books are the best mentors. Read trading related books. Make simple rules of trading. Don't use anything complicated. You don't need friends to relate with. Just learn how to control emotions while trading.

Discipline is one of the most important things in forex trading. You have a very good strategy but no discipline, you will not be able to profitable. From the beginning we should focus on being disciplined.

Money management depends on trading style and strategy. You have to figure out how much you can loss in a trade. Don't do anything that makes you fearful and greedy. Be practical and realistic.

Stop loss is a killer if you do not use it properly. You should risk reward ratio of your strategy. In ranging market it seems price comes back again. But if the market trend for long and if you against the trend you will eventually get the margin call.

Successful trading requires knowledge, experience, skills and a great mind set. You can only take it full time if you are making consistent money by trading. Or if you don’t need to worry about your bills and all.

Every new trader has to be very serious on their trading. They should make a good plan and chosse the best strategy that suits them perfectly.

As a newbie, you need to control your mentality at the time of trading. Showing emotion can put you in great danger.

Forex is tough for those who don't have enough knowledge about the market. Without knowledge, you can not make money from this market. But, if you have all the knowledge about the market, you can easily make money.

A broker is the most important element in the trading. If you choose the wrong broker you can lose all your money. So be careful when you are going to choose a broker for you.

You need proper knowledge and education to make money from the forex market.

We all know that practice makes a man perfect. the more you practice the more it is possible to minimize the risks and make a profit consistently.

You need proper knowledge and skills to make money from the forex market. Without knowledge, you can not survive in this risky market.

No. If you don't have any knowledge about hedging, you may face a great loss by using it in your trading.

To become a good and profitable trader, you need to make the right decisions at the right time.

Hedging is a very risky strategy to use. You ned the proper knowledge and skills to do hedging.

Knowledge is the main key to success in the forex market. If you have proper knowledge about trading, you can easily make money from this market.

Many traders losing their capital because of their wrong planning and wrong strategies.