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When I first started trading, I was always tracking my performance, which is how I improved a lot in terms of developing strategies and identifying my flaws.

I just sit at home and relax, go through my weekly trades, and plan out my trading plans for the following week.

These are some examples of forex economic calendars; you can choose one based on your preferences Econoday Myfxbook. ForexFactory Trading Economics.

For me, Forex is not an addiction but a source of information. People like me who trade are not addicted to it; instead, we enjoy reading and researching it in order to expand our knowledge

When I first began trading, I invested a small amount of $50 and made a profit of $20 in a slow run. This was my "aha" moment as a beginner. Because I am a self-learner, even a single penny profit is meaningful to me.

Trade-in eurusd brings many opportunities for traders on the basis of their skillset like Newer participants to reduce position size to control risk, whereas experienced one can increase position size to fully capitalize on opportunities.

When your trading goes wrong, you can't blame the trading platform; instead, you should pay attention to your trading strategy and keep track of your previous trades' mistakes so you can learn from them. This is a mindset that I believe that every trader should have when it comes to trading.

The following are examples of times when the stock market experienced the big fat losing day: -The Wall Street crash: 1929 -Black Monday: 1987 -The OPEC crash: 2020 -Coronavirus crash: 2020

New traders sell at the worst time due to a variety of reasons, including a lack of understanding, a lack of a well-thought-out strategy, and impatience. They must first study the market, come up with a strategy, then trade wisely.

EUR/USD, Because these are the most volatile pairs, they have the smallest bid and ask spreads.

Market volatility is a big challenge for forex traders. Regardless of how strict a plan you create for trading at times, the market can be unpredictable which could lead to huge losses.

Everyone wants to make a lot of bucks by trading. To earn that, one must have a thorough understanding of the forex market. You can't expect to make a fortune overnight. It all demands patience and focus.

Stop-loss is a very important tool; it is a highly effective means of limiting your losses.

As we all know Scalping is an attempt to make a profit from small price movements You need to follow charts and make trading strategies for that. If one is aware of this, he or she can go for scalping.

I prefer MT4 as it is a much easier trading platform

It is entirely dependent on your trading style and preferences, in my opinion. You'll have to figure it out on your own through trial and error. One platform may work well for one person but not for another.

As a beginner I followed the following rules: - Have a Trading Strategy - Find a trading strategy that works for you - Research the Market - Risk just what you can afford - Stay focused and disciplined

I have personally followed these sites till now: ForexLive, Forex Crunch, Investing.com - Forex News.

In my opinion, when you win, you keep pushing yourself forward, and when you lose, you learn from your mistakes.

As a beginner, I followed these tips which turns out to be really helpful- -Know the Markets -Make a Plan and Stick to It -Practice -Know Your Limits -Keep It Slow and Steady -Choose the right trading platform for you