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If you really want to make money in the forex market, consider hard work, patience, learning, skills, trading psychology, risk management, discipline, consistency, and determination to trade. If you practice long enough on a demo account, you will understand how to trade and whether your...

I use MACD, candlesticks, and support and resistance areas to place and monitor trades.

Forexpeacearmy is a good source to find good brokers, found coinexx and traders way from that website. Both solid brokers

Hello! Welcome to the forum. You will learn great new things related to forex. Good Luck!

The most crucial lesson I took away from trading FX was that you may achieve financial success even with straightforward strategies. The more challenging ones don't always offer greater profits and can even cause confusion.

I know that newbies are in a hurry to make money. But as trading is not an easy task to do, making money won’t be easy either. Be ready to wait for months and years to reach consistency in making profits. Otherwise, don’t expect a successful trading career.

I know that learning is a boring task and not everyone enjoys it. But when it comes to taking risks with your money, I don’t think you should mind learning well. If you still do, there are a lot of jobs that you will be able to do without learning. But if it is trading that you are aiming at, be...

I am trading forex to make extra money for my future. However, making money in the forex market is not easy and requires skills, experience, and a lot of knowledge. It is crucial to invest time & efforts to learn & understand the market deeply. If you fail to do so, you may end up blowing your...

Forex trading requires optimum dedication and focus. When you can’t be dedicated, you can never succeed in forex trading or any other aspects of life. Some traders are naturally dedicated while some take time to learn how to be dedicated. Forex is a highly volatile market and quite risky too. If...

You may learn everything there is to know about FX trading from a variety of free courses. Video lectures are also offered in some trading courses. To assist people in learning about forex trading, a variety of publications written by reputable traders and market analysts have been published.

Imo, Bollinger band and RSI is the best indicator for scalping trading.

Finding a trading strategy that is profitable is something that can only be done in the course of doing business. Traders simply cannot cut and paste what other successful traders have done to replicate their success. Additionally, the trading system relies heavily on it as an integral component.

I totally agree with your points. Forex is such a risky business that traders need to be aware of all the aspects about trading or they might lose.

The steps that the OP has shared are surely the basic things that you must do for a successful trading career. But these are just the outline of what trading looks like in reality. When you start reading up, you will know that the syllabus is vast. You may need more or less than 3 months to...

Applying risk management to your trades is a must and you better don’t overlook its importance if you have a long trading career in mind. Stick to your trading plan and never risk more than your risk appetite allows to. There is no guarantee that the money you are putting at risk will ever come...

Whatever you have written in this post is perfect. But I would like to add risk management, introspection (especially related to trading), and a trade journal. These will help a trader become successful in the long run.

Many sources claim that more than 90 per cent of the traders lose money in the forex market. And it is true, sadly. It is because of the fact that traders do not have patience and discipline in trading. They do not pay enough attention to the fact that knowledge is necessary in the forex market...

It doesn’t matter. You can trade as much as you want. However, your success as a trader will not depend on how many traders you do, rather how well you do. Even a single trade, with a good capital, can get you great returns. But make sure you are not overtrading.

Knowledge. Robots are limited in thinking. They can’t analyse the market the way a human brain can. So, in the longer run, your knowledge will decide your success.