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Absolutely correct, Cysec is one of the accredited bodies in the world for regulating brokers. You can find many cysec regulated brokers here - https://digitalcashpalace.com/forum/threads/cysec-regulated-forex-brokers.68832/.

A beginner’s trading career is an empty vessel that they fill with their knowledge and trading experience. How well they do in the market depends on how seriously they take it. So, better be true to your learning and take risks only when you can afford losses.

Demo trading is meant to make you familiar with the live market. When you feel that you have practised all that you could have, you must move to trading in the live market with a micro account.

@Colossus Right! Regulations are important but there are other factors too that you need to consider like trading conditions and withdrawal processing speed. I considered all these factors while selecting fxview and icm for trading, and it has been a good experience.

If you want to make trading easy, you must have sufficient market knowledge and experience. You cannot survive in this risky environment without knowledge for long.

In trading, emotion is the enemy. Emotions hinders traders’ rational decision making capability. This makes learning to manage emotions crucial.

Agreed! At least in the beginning it’s better to use low leverage. As you gain experience overtime you can slowly increase your leverage.

Of course, trading in the forex market is risky. There are so many different factors that affect a good trade. Everything has to be taken into consideration before investing. A good trading plan always has risk management strategies. Without controlling risk, you will lose all your capital.

Many people enter the market with the hopes of earning fast money and fail because they do not understand how to analyse the market and create a plan that brings in potential profit. It takes time to earn good consistent returns. Nothing comes easy in life. The constant fluctuation of the market...

You have got a point. There are traders who take up more trades with just 5 to 10 pips a day and make profits. It depends on what kind of strategy you have at the end of the day. Increasing pips may work for some but for others it may not. Anything that works for you is good and valid if it...

Keeping a journal about trading can save you from a lot of trouble. You will be able to keep track of what you are doing so far and reflect back on your trading journey from time to time. I think I am able to point out my mistakes while journaling which I tend to overlook during actual trade. So...

I agree. You should never risk more than 2% in forex trading but most people risk way more than that. I'm not sure why people risk so much more. I think it's partly because they don't realise how much they're risking, it's also partly because they want to make as much money as possible and...

Yes, demo trading is valuable in so many ways. It is an opportunity to practice your skills and strategies before you invest real money. It also helps you learn how to use the platform and see how it works. This practice can be incredibly valuable because it allows you to get used to the...

I like my spreads and leverage to be low. Using 100X leverage and getting an average spread of 0.2pips with fxview. I know many traders look for high leverage but seriously the thought of incurring a high loss never let me try high leverage. Also, I am satisfied with small but consistent profits...

Discipline brings consistency and consistency brings experience. With more and more experience you can understand the market more and thus earn more. So discipline is very beneficial in forex trending.

Risk management is very important in forex trading as without this you may lose money from one hand even if you are earning from another hand. Risk management is an isolated strategy but should be integral to the trading strategy. Earning profits and protecting your money, both should be...

New traders need time to get well-versed with reality. But not all of them are able to keep patience to see profits coming in. This is why just like the incoming traders, traders leaving to trade is also not very low.

That’s right! But honestly, I can’t think of any business that is not stressful where you get what you work for. The same is the case with forex trading. You will make money only if you put the effort in the right direction. It might take some years but if you stick to your plan and don’t do...

Look out for the authenticity of the platforms/middleman. Check out for reviews.Stay away if they promise a guaranteed return or high returns.

You may earn a few trades with speculation and luck but for a long term,without proper knowledge and understanding of the market you may end up losing your money.