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Scalping has great potential if done properly. It can also lead to losses if the trader doesn’t have excellent trading skills and trading psychology.

Dreaming big opens the space for new ideas to enter, and we can move in the direction of those ideas so that we can fulfil them. Without action, it is not possible to achieve big dreams. Without enough learning, profitability is not possible in forex trading.

Trading on a demo account is essential because it helps beginners know the market and expand their minds in that way. Trading on a demo account can lead to false sense of confidence or negative emotions, which a beginner has to keep under check.

Traders get to choose if they wish to trade full time or part time, depending on their schedule, they make their decision. Full time trading requires a consistent amount of profit inflow and part time trading can be done at shorter time frames at the traders convenience.

Trading with shortcuts doesn’t work in the long run. Traders need to use their wit and skill to make decisive moves and proceed towards earning the profit they’re waiting and working for.

Patience is a trait which can be found in any successful and experienced trader. New traders should also develop this quality if they want to attain long term success in trading. You may not become profitable right away when you get into trading. You should be willing to wait until you become...

You are bound to lose some money during the learning process. But those who lose too much are those who lack proper knowledge and skills. But you should plan well to minimise these losses and focus more on learning as a new trader.

I believe a successful trade is one where you have applied your strategy confidently, and you know there is nothing wrong with it because you have tested it hundred times before. The trade may turn into a loss because of unforeseen market fluctuation, but if you are a successful trader, you will...

I am using Fibonnaci and MACD indicators in my Forex trading, and I have found them to be very useful. The Fibonnaci indicator helps me to identify potential support and resistance levels, and the MACD indicator helps me to spot trend changes. I find these indicators to be very helpful in making...

It's September! Yay, I am about to reach my yearly target.. Meanwhile I keep on learning strategies! Tell me about you?

It happens quite a lot that traders see the market as per their expectations. They expect the market to behave in a certain way and don’t really analyse it before making trades. This often leads to wrong decision-making and wrong trades.

When you are in the market, you will obviously feel a certain way. You may even see every market movement as an opportunity to make money. But you have to control your emotions and make sure that they don’t make you make unwanted trading decisions that can prove dangerous to your account.

I totally agree! There is no way a trader can neglect the risks in forex trading. Trader needs to have the courage to accept the risks and develop strict risk management strategy.

Time doesn’t matter. You need to practise and learn trading. Once you are confident of yourself and are able to make consistent gains on demo you can switch.

I don’t believe in such things. I think all days are equal if you have a strong ideology supported by a strong trading strategy. Read good books and practice well on demo accounts so that you are prepared when you wish to go to the live market for trading.

Trading psychology must be given equal importance as the trading strategy because you need the combination of both of these to stay in the market for a long run. The trading market is risky and can give you major mood swings if you don’t keep up with the market that can have a direct impact on...

Making consistent profits is not that easy. One should be persistent and focused enough to go through the ups and downs in the trading.

In financial markets in order to grow one needs to learn to take risks in order to grow and make profits. One should not forget that knowledge about the market will help him survive it.