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This is true, if new traders don’t spend enough time learning and getting to know the market better, it won’t be possible to make the profits they wish to acquire. Knowledge is the main element to achieve success.

Hi, welcome to the forum! Build patience and analyse before reaching a conclusion. Wishing you good luck ahead!

I agree, same platform can give trader different experience based on the broker. Like with fxview and pepperstone I have noticed fast order execution, best to go with a broker that ensures minimal slippage, or else even the best platform won’t give the desired result.

Better to avoid revenge trading as this type of trading is often fueled by emotion and can be harmful to a trader's financial health. It can lead to impulsive decision making and overtrading, which can result in even more losses.

As a new trader, it would be better to stick with EUR/USD or any other major pair. Avoid pairs that are extremely volatile.

You will find plenty of good channels on Youtube. So, research well. But make sure you practise whatever you learn on a demo account.

Learn through online courses from websites like Babypips. Join some forex trading forums and discuss whatever you are not able to understand. Practice on a demo account until you are confident. Then trade on a live account with the least amount possible you can afford to lose.

Well, each one of us looks for some specific things when it comes to choosing a reliable broker. Some prefer regulated brokers while some don’t consider it an important factor while choosing a broker. My suggestions would be to go for regulated brokers like fxview and xm. As always, make sure to...

A good trader is disciplined, open to learning, and learns from their mistakes at all times. They try to get better at trading by analysing the market sentiment and bringing consistency to their trading plan.

Hi, welcome to the forum! You need to build on patience and try to make the most of the time you have in this market. Put in the hard work and learn along the way. Good luck!

Hello, welcome to the forex forum. Wishing you all the best for future trades. Hope you do well and stay patient. Good luck!

Hello there, it is great to have another member here! Well, you must check when the market is the most active in your location and choose your trading hours accordingly. Keep one thing in mind, the time frame you choose will affect your profit returns, so make a wise and calculative choice.

I would like to add fxview, exness and xm to the list. All are regulated brokers with good trading conditions.

Money management has to be on the top of every trading strategy. If you are not taking care of where you are putting your money, you will lose it and you won’t even know what happened.

Failing to adapt to the changing market conditions is a major reason why traders fail in the forex market. It’s good that you believe that you have a profitable trading strategy but if you don’t update with time, even it will fail to give you good trading results.

Where every new trader tries to become a profitable trader, only a few are able to reach their goals. The difference lies in the way they perceive market situations. Before they even think of making money, they must work on developing a market instinct.

It doesn’t matter from where you are learning. All that matters is that you understand all that you learn. If you are not sure if you are learning properly or not you can open a demo account and put your knowledge to the test. You will get to know how well you have understood the market.

When we keep thinking about making money while trading, we restrict ourselves from seeing the dangers and hence, make losses. We must keep our eyes wide open and minds focused on our goals. Distractions will always be there but if they become successful in diverting our minds, we can fail in...

You will be really lucky if you happen to find a genuine mentor. Most of them out there are just trying to sell thin air. It’s better to learn on your own and get help with your queries from experienced traders on forex forums and youtube.

According to me, risk management is the art of scanning the market, assessing and weighing the pros and cons of how much risk you are willing to handle. So, calculate a risk reward ratio based on your trading plan, and make sure you pick the right opportunity. It is the most important part of...