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Forex trading is a great career for people who are interested in making money part-time, online. There are many part time traders who are doing great in the forex trading market. But it requires a good understanding of the market to be able to make money.

Fx is a stressful activity sometimes and there are alot of emotions comes in our way of trading like fear, greed, hope etc. so a trader must adapt to the psychology which is best suited for him, only then he can make great trades and ultimately become a winner trader

EA trading is good if you choose the right one. I’m currently using alfa scalper and trade manager with coinexx, both work fine.

Demo accounts allow you to trade without risking any real money, so you can experiment with different strategies and see what works best for you. However, it is important to remember that demo trading is not meant as a long-term strategy - it's only meant as an introduction to the world of forex...

Forex trading is risky, and there is nothing you can do to completely avoid losing. Loss is inevitable. But you can minimise the risks associated by trading with careful measures and using risk management. After applying risk management to your strategy, backtest it quite a number of times so...

Yes, I agree with the OP. Most newbies get confused in this strategy making process. They keep shuffling trading techniques and learning different strategies. In the end they are proficient in none of the strategies. When a newbie is starting to learn forex trading, they should know from that...

Believe me, shortcuts do not work in trading. Trading is done only on logics and analysis of the market. It is not good to look out for some short tricks to make profit. This way you can gain nothing but losses.

Full time trading in forex is profitable while it is also possible to do forex trading part time. You can do this with your job or business as a side business. However both types of trading need extremely deep research and understanding of the market.

Choosing a decent trading strategy is crucial to success in this market. If you want to profit from this market, you must develop an effective plan.

Forex is a risky business. Traders should learn to trade the market and develop trading skills and use proper risk management strategy.

Since I trade both forex and crypto, I use MT5. It’s not as widely available as Mt4 but still there are a lot of brokers that offer mt5. Personally, I am using it with Coinexx. The platform has many advanced features that are not in mt4.

Yes, as long as we reach the level of experienced traders, we may use forex as our major source of income. If we have the necessary skills and can regularly turn a profit, it means we are prepared to become full-time traders and earn a career from trading not required to depend on a second job...

You can lessen the risk to a certain amount by implementing a risk management strategy. Traders must decide on a risk-to-reward ratio. Risk management strategy refers to the methods and techniques used by traders to reduce their exposure to risk. That ought to become the primary concentration of...

Binary trading is very risky and you can lose your money. You must try forex because the majority of traders are trading in forex.

The overwhelming amount of emotions when a trader feels during trading can definitely be bad for executing his plan. However, emotions in itself are not so bad. It just needs to be kept in control when trading forex. That is why it is important to develop trading psychology.

Knowledge is of utmost value when it comes to forex trading. You see, forex is not gambling that you can solely rely upon your luck and do nothing. Forex trading requires a lot of knowledge, understanding, research, and analytical skills to process the information available, and make it of use...

For us as retail traders, leverage is crucial in order to increase the profitability of the trade but leverage also increases the risk of losing. Traders should use strict risk management and be careful while using leverage.

It is impossible to earn money in forex without proper knowledge. Don't forget. Forex trading is complicated and risky. One wise decision can make you a lot of money, while one bad decision can cost you it all.

Every business involves some level of risk. It is not possible to eradicate it entirely. To be honest, there's nothing you can do except learn to figure out how to minimise.

Regardless of the strategy you are using and the time at which you are trading, risks are always present in the forex market. You have to prepare yourself well for the market’s ups and downs by being a part of the market. This will make you well-versed with the risks and will help you get ready...