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If we’ll not ignore losses, how will we be able to move further and progress in forex trading? Try to learn from your losses and never ever repeat the same mistake again.

Yeah it seems like sentiment graph.

Scalping requires experience and good sufficient knowledge on a trader’s part. Although the success rate of traders in scalping isn’t that high. Yet it doesn’t mean that its not a profitable style. Many traders solely rely on scalping for making money in forex and hence with the right strategy...

The best forex strategy is the one where you earn more than you lose. It doesn’t matter if you get it wrong 9 times out of 10, as long as that 10th time makes up the 9 losses and also gives you some profit.

Winning is a function of your skill and experience. The only way to gain skill and experience is to trade live.

Yeah, 100:1 is a lot for newbies. I believe, 10:1 is enough for traders who have just stepped into the world of forex trading.

Diversification delivers a handful of advantages in trading, particularly in mitigating risks. That's why I prefer trading in forex, indices and stocks too.

What I have experienced so far is that the most common way to trade news is to look for a period of consolidation or uncertainty ahead of a big number and to trade the breakout on the back of the news.

The main reason why forex traders fail is that they do not have enough knowledge and confidence before going live. Before going live enough practice and understanding is required which can be gained by trading on a demo account. Also, overtrading and undercapitalization lead to failure in forex...

I believe, trading is not limited to Monday - Friday. To perform well on weekdays, a trader has to work behind the scenes to gather useful information and do a thorough analysis for trading next week.

Just a thought - Long-term traders are introvert and day-traders are extrovert.

It is true that 90% of the forex traders fail within 3 months of their trading journey and this mostly happens because of poor risk management. Risk management is the key to survival in forex trading. You can be a good trader and still be wiped out by poor risk management.

I believe, it varies from trader to trader. If you are a newbie, you must start with a demo account. But if you already have some knowledge of the market, you can start with micro account.

Forex trading is a great way to make money. However, in order to be successful in this market, you need to study a lot. You must have proper knowledge of the market. You should know when to enter and exit from a trade. This market keeps fluctuating all the time, so you must know how to deal with...

EUR/USD is my favorite too. It has the smallest spread and there is a lot of information and analysis available on these currencies to make sound predictions on their value.

Scalping is no doubt a risky strategy. One has to have good knowledge and skills to be a good scalper. Markets are too random to trade at times, you should have complete knowledge about charts and how to read them and take advantage of small moves.

Same here @jocrape Trading journal has really helped me polish my trading skills. It also makes me think twice before I initiate a trading position. I now only enter trades that I know I have more than 70% chances of winning. And this I have learnt from my trading journals.

I believe trendlines are a great method to find support levels and resistance lines. Although these trends don’t always have a precise level. Often, you’ll see price bounce before it hits the trend line, or push through slightly before falling back into the long-term trend. So, I won't suggest...

Losses are a crucial part of each trader's life. Whenever traders face any loss, it's in their hands about how to proceed further. The emotions attached to each trade can either make or break your trading. I believe, traders should learn from their trading mistakes. Maintain a journal. Keep a...

EUR/USD is the best pair to trade because of it possesses great liquidity and tight spreads due to huge trading volume.