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I think you will set your way to recover your lost trades and you will be overconfident when you win. Forex trading requires a balance. You don't have to trade continuously after winning or losing. A break is recommended.

I would say the market's high volatility and market understanding is a big challenge. Also, being consistent with returns is a challenging but can be achieved with daily practice. This is fine because I am posting

I would say EUR/USD is best for beginners. It has the highest liquidity and the tightest spreads.

I recently switched to MT5 trading platform as it has more time frames than MT4 along with 38 built in indicators which helps in making more robust strategies.

I would say ignorance is not the right approach to deal with losses but carefully analysing what went wrong when making a trading plan and executing it will help you to do better on next trades.

When trading forex, it is more important to avoid big losses than to make big profits. If you are new to the market, this may not sound perfectly correct to you, but it is still true. To be successful in forex trading, you need to know how to protect your capital. That's where an accurate risk...

I would suggest ECN or Regulated broker as they are more reliable.

I would say in major pairs EURUSD and GBPUSD are good ones for scalping.

With the right level of motivation, trading can be interesting with practice and consistency. Also, it depends from person to person.

I would recommend that you start with learning more about how forex trading works, that way you will grasp a better concept of that. Once you get hang of that, you can try demo trading with a good broker. That way, you can come up with a good strategy that allows you to make consistency for your...

My current favourite news site is Investing and Dailyfx gives the right info about the forex and currency pairs. Also makes reading simple as it covers the latest forex news in the currency market and breaking financial news stories in easy language.

I totally agree to choose leverage if you know how to use it. I would say try to keep your leverage as low as possible if you’re new to trading. 30x is sufficient to start with if you have low capital.

Agree, forex market is highly volatile and risky to trade in high volumes if you don't have the right strategies. Keep your plans ready to have good entry and exit points.

To comprehend the forex market it’s better to clear all the concepts and terminologies first. Then practicepratice with a demo account and learn how to use different indicators on charts that will help you in making forex trading better.

I would say stop loss has a prime benefit as you don't need to monitor your trades and helps in reducing the risk.

I would recommend that you start with learning more about how forex trading works, that way you will grasp a better concept of that. Once you get hang of that, you can try demo trading with a good broker. That way, you can come up with a good strategy that allows you to make consistency for your...