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Yes! There are no shortcuts in forex trading. And you should not look for shortcuts, if Anyone who tells you there is a shortcut otherwise he is likely trying to scam you. The only way to become a successful forex trader is only by hard work, dedication.

The foreign exchange market is volatile and unpredictable, but there are certain indicators and signals that can help traders predict its movements. These include economic indicators such as inflation and interest rates, as well as technical indicators such as support and resistance levels. By...

Never trade without a trading plan. Another mistake that novice traders make is to trade with too much leverage. Leverage can help you make more profits, but it can also lead to greater losses. Too much leverage can ruin your trading account very quickly. Not managing risk, Risk management is...

Yes, professional traders sometimes lose in forex. But they don't always lose. In fact, they often make a lot of money. The key is to manage your risk and keep your losses small. You can do this by using stop-loss orders and taking profits when you can. If you can do these things, you'll be a...

Risk should be looked at and its management is what you should do in fx! -Risk from market moves: This includes anything from the slightest price fluctuations to sudden capital losses. It’s important to be aware of any potential risks and take appropriate steps to mitigate them, such as placing...

Absolutely, and there are so many reliable ones in the market - aaafx, icm, fxpro, the list is endless!

I'm often asked if I'm satisfied with the earnings I make from forex trading. My answer is a resounding yes! After so many years now I'm able to support myself and my family quite comfortably with the income I make from trading. I will say that it takes a lot of hard work and dedication to be...

There are several factors that can influence the forex market. Some of them are macroeconomic factors like inflation stats, capital markets like stocks, bonds, and commodities, international trade numbers like trade deficits and surpluses, and political news (especially during crises), which...

When you are not prepared to act in the way the forex market demands, you lose. Losing is a part of the game, but if a trader loses continuously, it means that a trader must resolve the issue. Not following proper risk management and money management and lack of emotional control are the factors...

Defining the right exit point is very important in order to cut out unnecessary losses. You should consider the market conditions while deciding your exit level. If the market is trending downward, you may want to exit a trade sooner than you would if the market were trending upward. You can...

Being passionate about forex is one of the many factors that contribute to the success in forex trading. Traders need to be patient, disciplined, consistent and should gain enough knowledge and skills to stand out of the crowd.

Ya! Actually if you dream big the chances are higher for you to achieve big in trading.

I think Friday is the most difficult day to trade forex. Because markets are volatile on these days, having deals open over the weekend might be risky. 90% of traders do not trade on Friday because of low volume and you should also avoid trading on this day.

I agree. One should never trade without proper knowledge. Forex trading is extremely risky because of high volatility and this is why it is important to trade only when you have an understanding of the market.

Fundamental analysis is essential for following a long term trading strategy. Technical analysis can only help with spotting short term market trends. Long term trends will always be a result of global economic and political events that drive the forex market.

Every trader has to find a trading strategy that suits them well. Finding the perfect strategy is not an easy task for a beginner. You must try out and backtest different strategies to decide which one would be ideal for you. But the most important thing to do here is expanding your knowledge...

Forex trading can be a very emotional and stressful activity. Keeping a journal can help you track your progress and reflect on your trades, it can be good and bad. It can also help you identify any emotional patterns that may be affecting your trading. Overall, journaling can help you become a...

If you want to be successful in the forex trading business, you should never be greedy. You should be always willing to take profits when they are available, and at the same time be willing to cut your losses when they are not. It is important to always stay disciplined and focused on your goals...

Forex trading is really challenging and you have to treat it like a business in order to become profitable. It demands patience and hard work. Forex will no longer be challenging for you once you have learned about all of the tools and have a certain set of expertise.

According to me, trading without proper knowledge and experience is the worst thing a newbie can do. Also, having large exceptions at the beginning is stupid since you need to learn how the market works. It takes time to become comfortable and understand the conditions and how to trade them...