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Yes, many want to get rich quickly here with minimal knowledge and a minimal deposit. Therefore, they play for luck more than learn to analyze the market and make more informed actions.

As they say: hope dies last. Therefore, such people will continue to try to trade with the desire to compensate for their previous losses, without changing anything in their trading and trading strategy, they are simply driven by excitement. People also come to the casino after previous losses...

You also need to be psychologically prepared for forex trading. Emotions such as fear, euphoria, excitement can push a trader to rash actions and help lose money.

The main mistakes of a beginner are haste and greed. They are the ones that push you to make deals without risk control for the opportunity to earn a lot of money quickly. You also need to be able to choose a reliable broker for trading so that your investments are safer and the trading...

Yes, if you do not learn and trade without a proven trading strategy, then you will not be able to earn on Forex. It is important to be able to analyze the market and, according to the analysis, make more accurate and reasonable entries, and not play for luck.

I don't think that learning and controlling risks is a long process. You can learn it quite quickly. The question is different: many traders do not consciously control risks in order to be able to earn quickly and a lot, they are controlled by greed and haste. Therefore, they lose their deposits...

I never change the size of the leverage. After all, there are no perfect trading strategies with 100% correct entries, so we must always control our risks no matter how profitable the entry into the market seems to us.

For intraday trading, the most important things for me are small spreads, instant execution, quality of trading platforms and fast withdrawal of profits.

I trade majors, but most often I trade EURUSD intraday because of the low spreads at my broker fxopen (0.01,0.02), which is very profitable and allows you to earn even on small price movements.

I think the main problem traders have is the desire to earn a lot of money in a short time. Therefore, risks are not consciously controlled, which leads to the opposite effect - loss of deposit.

Yes, the psychological aspect in trading greatly influences the results. For example, on a demo account, the influence of psychology is minimal, because here we do not risk our money. But on a real account, a trader may experience fear, excitement, euphoria or a desire to quickly recoup losses...

First and foremost, motivation in forex is the desire to make money or achieve financial independence. This may include goals to increase capital, achieve a certain income, or maintain a standard of living.

It is important to understand that the quality of trading conditions on a cent account may not be very good. An ECN account will be better in this regard. And a beginner will not always trade on a cent account; after developing and improving his strategy, he will want to switch to a professional...

When trading such pairs, there is high volatility and large spreads. Therefore, trading them can be more dangerous, unpredictable and expensive.

Trading is impossible without a trading strategy and disciplined execution of all its rules. Risk control and the ability to wait are also important.

If we talk about a beginner, then it is better for him to set a small leverage. After all, a beginner does not yet have the skills to find more accurate market entries and often beginners trade without stop losses or do not know how to set them correctly due to the poor quality of their trading...

Yes, personal trading experience with a broker will be the best proof of your choice. Therefore, when I was choosing a broker for trading, after a demo account, I opened a small real ECN account (my broker fxopen gave the opportunity to open it starting from $100) and there I checked the quality...

On weekends, you need to take a break from trading and gather strength for work the following week. Also, many have friends, relatives and family who also need to be given time. Therefore, there should be a balance between work and time for family and household chores.

Stupidity is when you come to Forex for easy and fast money and trade here without a normal trading strategy and without the necessary knowledge of market analysis, you don’t know how and don’t want to control risks for more earnings, and then you think: why can’t I do anything?))

First, you need to study the methods of market analysis and create your own trading strategy based on them. And it is better to first test and optimize it on a demo account, and only then open a real account with a reliable broker.