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In order to check whether any strategy is workable or not we can test it on a demo account both back testing and forward testing.

Gold is really becoming hot these days and i almost traded it for the entire March.

I usually try to take trades on major pairs or sometime gold also.

We can control our emotions while listening to what is actually happening on the charts instead of what we want.

Copy trading can only be used for short term and once we learn how to trade profitably we can start showcasing our own skills so the other new traders copy our traders and make money.

Losses are a part of trading and development some losses money while some lose more while chasing their lost money so it is better to move forward and do not repeat the same mistakes again.

Yes in my opinion proper money and risk management are essentials for profitable trading.

Yeah particularly when a new trader is looking for a decent broker i guess FPA might be of good help for them. Rest they only have to make a selection.

I guess this broker has also started taking payment deposits and withdrawals in crypto and soon start trading for crypto pairs as well.

If you are agreed with my post then i must add a compliment of thanking you too.. :)

Yet all these skills to manage emotions and associated risks comes up with experience which requires time.

I guess FPA and other review sites can provide actual trader's insights related to any broker.

Exactly and i guess the forex trading is very transparent as compared to the stock trading where we need an insider however in forex trading we can access economic data related to any currencies from their authentic resources while googling online.

I guess all of the major pairs come with competitive spreads as compared to the exotic ones.

New traders should also avoid scalping and better keep their eyes on trading on longer time frames as scalping or short term trading can be riskier in my opinion.

The EurUsd comes with good liquidity and low spread so we can make good earning out of it provided we know how to trade or scalp.

Just use stop loss as well in order to be on the safe side.

I guess the crypto market still in its infancy and may take some more time to become mature like other trading like forex or stocks.

Both are paired with the USD so can be good for shorting these days as the USD is already making highs due to the uncertainty of war conditions.

Thats why scalping and trading news is not a recommended option for new traders coz the market sometime too unpredictable in my opinion to trade as a newbie.