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Success is demanding. It requires a lot. This is why traders are advised to upgrade themselves continuously with the right mindset.

I mostly take rest, visit my friends, and finish regular household chores like laundry. I take a break from trading and don’t even look at the charts when it’s a weekend.

Agreed! Another thing to look for is their withdrawal policy and customer support. And Personally I prefer crypto forex brokers like fxview, fxtm and roboforex because of the fast processing of funds. Plus being regulated gives me more assurance.

You should use for how long you are not sure about your knowledge as a beginner and then, your strategy as an experienced trader. I have been in the market for many years and there hasn’t been a day that I didn’t test my strategy on my demo account. It gives me the confidence to risk my money.

Cysec is one of the most respected and highly reliable regulatory bodies. Regulated forex brokers are bound by the rules and regulations set by the regulatory authority. Therefore, they offer complete transparency to their clients. When you trade with CySec Regulated Forex Brokers, you will...

The way you take forex trading determines how well you do at it. If it’s just a hobby for you, you take it lightly and earn little. But if you take it like a job or business, you put your best effort to make the most of it. It’s your mind that determines how trading will turn out for you.

Trading psychology is how you take your trades emotionally and what impact they have on your future trades. When you make a loss, you tend to feel bad and when you make a profit, you will be elated. But how you feel while trading must not have an impact on how you trade further. This is why...

Choosing a broker is never easy but checking certain things like their regulations, spreads, commissions, deposit/withdrawal process, terms and conditions can be helpful. Out of the brokers I have tried, I like the trading conditions offered by fxview.

I’d say that the very first thing is to learn about forex. Without knowing how the market functions and what forex is all about, one cannot learn to trade. We started learning alphabets, then we went from words to sentences to paragraphs to essays to books, and now we can write dozens and dozens...

Something that’s really unique about forex is that people think that they can become rich trading forex overnight, which is actually not true. They think that it’s easy, which is again a false assumption that leads to fall and failure ultimately. Just like a magnet, it attracts towards itself...

Hmm, if they become too much for me to handle, then yes, I will. I cannot sanely juggle both of those at the same time, so I would if it became an ordeal instead of a pleasure.

You are never too late to start your forex trading career. You just have to make sure that you understand what you are doing and what is happening. It’s okay to take losses but as long as you are taking lessons from your losses, you are doing quite well.

Forex trading is quite risky. You may do all that is needed to make a profit, but still, there is no surety that you will be able to make profits because of the unpredictable nature of the market. You have to keep taking risks with no guarantee of making profits.

The foreign exchange market is known for its high degree of inherent risk. You can find financial success in this industry if you are able to accept and manage the inherent risks. The management of risk is an essential component of profitable trading.

How exactly do you plan to make money if you don't know anything at all? It is in your best interest to first educate yourself about the market and only then attempt to make money from it. In that case, you run the risk of squandering the money you've worked so hard to earn and then feeling...

To profit in forex trading, you must first learn the fundamentals. Spend some time in a demo account before moving on to a real one, but only trade with bonus funds.

Everyday, there is no such standard of specific pips. Trading is a long-term endeavor. Long-term viability necessitates a strong will to endure. The market does not move in accordance with anyone's desired pips. We must change with the times and seize every opportunity presented by good trade.

Political events strongly influence the currency and even manipulate the market. Sometimes political and economical events make the market highly volatile.

Risk management is very important while trading forex and you should risk the amount you can afford to lose. If you want to earn small profits then 2% per trade is okay but it won’t help you to earn big profits. For higher profits you need to risk more than 2%. Taking too much risk means you’re...

Trading using a demo account is unquestionably beneficial. This is probably the best feature of forex trading because it allows new traders to learn and gain expertise without risking real money.