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One of the primary reasons that people are becoming interested in forex trading is the ease with which it can be done. You can trade for five days a week. One more lucrative thing about forex is that you can start with a small initial capital also. It is a good and rewarding profession for...

The forex market, also known as the world's largest financial market, is the marketplace for exchanging all of the world's currencies. Forex trading has numerous advantages, including convenient market hours, high liquidity, and the ability to trade on leverage. Forex is a lucrative way to make...

I can relate to you as I also prefer live trading over demo. I think low deposit brokers are best in this case. I started with a small account on aaafx. It’s best to get live trading experience without risking much in the first place.

I thrive to achieve financial stability and freedom. It will take time but I am ready to work my way up for it.

As a scalper, I trade in shorter time frames. My trades open and close from seconds to 15 mins.

Since trading is a skill that one needs to develop over time, it is needless to say how important it is to seek knowledge and educate yourself as a beginner. New traders often rush the learning process as they want to make quick profits. But one should take their time to learn properly before...

Discipline is very much needed for becoming a successful forex trader in the long run. There are no written rules or guidelines when it comes to forex trading. But a trader has to follow a disciplined approach and treat trading like a serious profession. You must set some rules and build trading...

Many New traders often make the mistake of trading without a plan or without taking the time to study the market. This is a recipe for disaster and is the main reason why so many new traders fail. You need to have discipline and patience enough to follow your trading plan strictly and not fall...

The only way to consistently make a profit is to trade consistently. This means sticking to a trading plan and not deviating from it, even when there are losses. Many traders get caught up in the excitement of the market and start making trades that are not part of their plan, which often leads...

That’s a good start! My criteria are somewhat similar with the addition of regulations and fast withdrawals. I trade with aaafx - a regulated broker and quick withdrawals.

I joined forex trading after introspecting myself. I realised I am someone who likes to work independently. There is a lot of scope in forex trading to learn and earn. Forex trading is the most liquid market in the world. The market has higher liquidity and is available on 24/5. So that makes...

The answer is simple. A consistent profit is always better than a large profit and then a loss. An example, if you are a new trader. you would want as much profit as possible to expand. Then you could either make a high profit, then a large loss, or a smaller profit with no significant losses.

I believe it is important to keep a forex trading journal. Maintaining a trading journal consistently will help you reflect upon your own strategies, and realise where you are making a mistake, or which condition seems profitable for your strategy. Experience and practice are two of the many...

If you are skilled enough to use your money properly, you can be a really good trader. Risks are essential and common. So, stop expecting them to come as a surprise that you can’t prepare for. Instead, prepare for every negative situation you can be a part of and go ahead.

You will have to keep trading to know what it is and what possible outcomes you can get. It’s not about what you read or expect to make. It’s about how well you understand things that inspire you to take a chance and make money.

Emotions are an excellent tool we can use in trading. If used wrongly, they become an impediment in our trading. We should use our emotions to our advantage instead of letting our emotions use us. The key is learning the forex market thoroughly and knowing how to trade. We have to learn to...

Desperation and obsession with getting rich make traders lose money. It generally happens to beginners because they do not know how to use risk management and are often running after money and profits. They sometimes use high leverage too. Risk management is not their thing, let alone using the...

Greed is one of the worst emotions that can lead you to take too much risk and make impulsive decisions. It is important to always be aware of your own greed and to try to keep it in check. If you can do that, you will be much more likely to be successful in Forex trading.

There's no doubt that getting attached to a trade can be emotionally difficult. However, it's important to keep your emotions in check and approach your trade with a professional attitude if you want to be successful in the long run.

Trading solely based on assumptions might be risky. It is much better to follow logic and rationale rather than following assumptions with no support or logic behind them.