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Risk management refers to mitigating the risks by applying certain techniques and tools. Tools for risk managements: Stop-loss Trailing stop-loss Techniques for risk management: Don’t trade with the money you can’t afford to lose Don’t risk more than 2% of the trading capital Calculate the...

The way you react to situations has a major impact on how things work for you in the live trading market. While determining how much to trade, you must also think about how you will deal with the outcomes. The right market psychology takes time to build but once it is built, half battle is won.

They do! You can first practice on a demo account and should only move to a real account when you think you are ready.

You can’t save money in forex if you are not using it properly. You have to be careful about the trades you make and the money you put at risk. Build a risk management strategy so that you are not going beyond your risk appetite ever to make money.

I would like to share a few methods which I was using while I was in my learning phase. Read a lot of books as if you would read before an exam. Have a systematic study plan on what you should learn before entering the market so that you won’t get overwhelmed with the amount of information...

I believe in the mantra of keeping the trades simple. I do not complicate my trading strategy or technical analysis. Many traders believe that complicated trades will yield them better results but it only creates confusion and makes trading hard.

Imo, trading courses are worth it. One can not learn just by practising on a demo. I believe while taking trading courses one should practise what they are learning on a demo account simultaneously.

After giving years to forex trading, I don’t think we should defame it like this. We must not forget that forex never told us that it would give us money for no reason.

You can try zulutrade or etoro, both offer crypto copy trading

Forex trading is a business that needs time to show results. Traders who compare it with a job and expect it to give them a paycheck by the end of each month often call it a scam when they don’t receive the expected profits after a certain period of time. You need to keep patience to make it...

With a strong technical analysis approach, you can achieve all that you want in the forex market. While you learn, make sure that you learn using technical indicators that can help you make profitable trading decisions.

To all beginners, I would like to say that there is no end to learning when it comes to forex trading. If you want to become a true forex trader, you must be curious to know everything about the market. Your constant zeal to find new ways to make it through the market is surely going to help you...

There are no certain parameters that you need to achieve to become a profitable trader. You have to set your own limits and keep breaking them when they fall short. Just keep learning.

Did you search the internet for learning? If not, go ahead because that’s where you will find all the information you need to learn forex trading. From the forex basics to professional trading strategies, you will find information about all that you need to kickstart your career.

EAs are not recommended to traders because you should have some basic knowledge of trading to use them. I suggest you cover basic trading knowledge before starting with bots. Moreover, no bot is 100% accurate. Manual trading gets you ahead in the market because it lets you make the right...

Absolutely! Starting with forex trading is one of the best decisions of my career. Though, the journey wasn’t easy in the beginning. I also blew my account twice. But with the help of meteors and fellow traders I made good progress.

I’ve only used zulutrade as a newbie in the past for copy trading.

Thanks to the demo accounts, you can test as many strategies as you want without having to risk your money. But at the same time, don’t depend too much on demo results as live trading is different from what you see on simulators.

The best thing I learnt while trading forex is that you can make good money even if you are using simple strategies. The complicated ones don’t always guarantee more profits. It’s just that you must know how to make the most of the trading strategy you are using.

Automated trading is good for repetitive tasks and saves time. You can also automate your trades for 24 hours. But the efficiency of bots is a problem. The Forex market is a dynamic market and changes due to volatility. In that case, bots can’t do much as they can’t analyse the market like a...