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@longandshort The forex market is definitely driven by these economic factors but I think Inflation is very confusing and its effect on currencies is hardly straightforward. You never know if it will place a downward pressure on a currency or if central banks will increase interest rates to curb...

I think the most important reason for a large number of failures is greed. Majority of the traders start trading only because they want to make quick money without putting any effort. Then their greed forces them to trade excessively and over-leverage their positions in the hopes of increasing...

The best way to deal with losses is to remember that the individual wins and losses don’t matter in the short run. Risks, losses, expenses and uncertainty are inevitable. This is how the market operates. Every trader should try to avoid becoming overly emotional with any outcome, be it a loss or...

Reaching a level of success in the forex market is extremely challenging. A good trader is not someone who has unusual skills but the one who evolves himself to become better. There’s a lot to learn if you want to become a good trader but try to take it bit by bit. Treat each day as a new day...