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The keys to success in forex trading lies in your hard work. Set realistic goals and avoid going overboard when you first begin. Take the time to understand the market structure and rules. Make a journal so you don't have to repeat past mistakes from a plan that didn't work out profitably...

According to me, it seems that you need more practice as your foundation is not strong enough. Start learning from the initial stage and practise on a demo account for now. Stay away from the live market and always follow your plan.

I ignored learning about the market deeply and also I was greedy: I wanted quick money and tried to gamble. I tried over-trading and revenge-trading multiple times and didn’t understand the importance of risk management. I was impatient and not dedicated enough. These mistakes cost me a lot but...

I would advise you to trade EUR/USD as the most significant qualities of a currency are often stability and liquidity. The pair has strong liquidity and volatility, but not excessive volatility. This pair is also the most-traded and most-loved pair. The reason for this is that the Euro and the...

All traders have varying levels of intelligence and aptitude for learning. Therefore, various rates of learning are possible. While the fundamentals of forex trading can be learned in as little as a few weeks, a thorough understanding of the market may take several months to years.

Thank you for your contribution. I'd like to thoroughly investigate this strategy and implement this in my trading.

You have to work hard, learn, practise, and develop certain skills in order to become profitable in forex. You also need to develop a strategy that suits you the best. Create a trading plan and be consistent in it. Learn to manage risks effectively and don’t involve emotions. Keep realistic...

The forex market is by far the biggest financial market in the world. Since it is decentralized in nature, there isn’t a single global body supervising it. Instead, there are several regulatory bodies that operate within their own jurisdiction. Each regulatory body lays down the rules which...

Hello, If you want to be a successful forex trader then don’t look for indicators. Beginners should focus on learning about the market and developing their skills rather than thinking of easy ways to make money.

I believe in learning from different sources so that you are able to see the market from different perspectives. Nothing as such is right and wrong in the market and the whole game is about finding your edge in the market. So, focus on that while you are learning.

Don’t count on your knowledge by years you spend on learning. Instead of this, count on the lessons that you have retained and can use in your trading career for the longest time. Focus on learning from different sources and you will be able to handle different market movements along your way.

Hey traders. How’re you all doing? I wish prosperity and wealth to everyone here.

Most of the traders lose money in the forex market because of the following reasons: They enter the market without preparing themselves with the knowledge & experience. They do not have a trading plan. They revenge trade or over trade. They have not back tested their strategy. They do not use...

1. Keep learning 2. Practicing as much as you can 3. Analysing the market. 4. Prepare a Trading Plan. 5. Find out a profitable strategy 6. keep learning from your mistakes

Depending on the trader's experience level, the average number of trades executed each month could be anywhere from four to fifteen for those who focus solely on the daily timeframe and higher. As a rule of thumb, the longer the time frame, the fewer trades you can anticipate making in a given...

Without a doubt forex is an amazing way to earn money if you are skilled. You can improve your chances of winning by moving cautiously and developing a trading strategy. A consistent trader has an advantage over traders who do not trade consistently or trade without a plan. Having good market...

There are numerous resources available for learning how to trade forex. You can learn about forex trading through books, blogs, YouTube, and forex forums. The best way to learn how to trade independently without risking real money is to use a demo account to trade and develop your own trading...

You do not have to sit around and wait for anything to force you to educate yourself on currency trading. On the internet, one can find anything and everything. Make effective use of these instruments to move up as a forex trader.

In comparison to saving one's money, I believe that investing one's money yields better results. Because if everything goes according to plan, investing can multiply your money, but saving cannot.

Risks need to be managed so that you are not losing anything that would alter your regular life. Based on your education and past experience (if any), you can decide how much you wish to put at risk per trade and take the plunge.