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When you win a trade, I believe the strategy you used was effective. And you keep doing the same thing in order to be successful in your future trades. However, if you lose a trade, you must change your technique or trading pattern. And instead of being demotivated, you should learn from your...

Not everyone is a good fit for scalping.This method requires the right mindset. To make money you have to sit in front of a computer for a long time and focus on little price movements. You should know how to react to price changes quickly and adjust your trades accordingly.If you use scalping...

I chose MetaTrader 4 for trading because it is a user friendly platform for beginners.

Most people are negative about trading because they have faced failure in the forex market, and the reason behind this is their own goof ups like lack of knowledge and they think forex as a get rich quick scheme which is not the case.

The forex market is open 24 hours a day, five days a week. If I recall correctly, the market is busiest at the start of the London and Asian sessions.

To make my trades successful, I tend to stick to a set of rules. As a newbie, a demo account was quite helpful in learning more about the forex market.Also, you won't succeed in trading if you can't control your emotions. So have patience and don't indulge in revenge trading.

As a beginner, I followed these tips which turns out to be really helpful: 1. To begin with, you should have a thorough understanding of the market you are trading in. 2. Always develop a plan and stick to it for a specified amount of time. 3. Continue to practice your trades on a demo...

Exotic currency pairs should be avoided since they have low liquidity and are highly volatile.

Because of their lack of information about the forex market, newcomers have a tendency to sell their deals at the worst possible time. They also get impatient and make impulsive decisions, resulting in financial losses.

No one, in my opinion, is to blame. Because the forex market is so volatile, traders must modify their techniques to stay afloat. Even I am prone to changing my strategy in response to shifting deals in the forex market.

I like EURUSD and GBPUSD for scalping since they have less volatility and high liquidity with tight spreads.

Basically, I search for brokers who have a proven track record of trustworthiness. Also, low trading fees should be taken into consideration.

I was never good at managing money, but trading in forex helped me a lot. Having the right money management strategy allows traders to continue trading even when they are experiencing losses. This strategy didn’t just help me get better at trading but also allowed me to manage my money in a...

Trading is not boring, in my opinion. It's actually monotonous for those who aren't familiar with the Forex markets. But, if you continue to practice trading patterns, you will eventually develop an interest in forex trading.

I prefer Fxstreet and Daily fx the most for forex news.

Forex market has a number of advantages, including accessible market hours, high liquidity, and the ability to trade on margin whereas one of its disadvantages are, that it involves high risk of losing money as the market is very volatile, because of which traders are not able to interpret...

I completely agree with you , As high leverage is equal to high risk!

Trading hours vary as per the assets you trade. Globally forex is being traded under CFDs and can be traded 24/5 due to its decentralised and shifting time zones concept. But not with stocks if you're talking about normal stock trading. Trading stocks associated with the stock listed on the...

If you want to trade in forex, always start up by creating a demo account. With its help, you'll be able to understand so many aspects of trading which can probably prevent you to suffer losses in your real account. Once you get a hang of it, you may go live with a small amount to test the water.

Before entering the forex market it is very important to understand how it actually works. So I would say that first, refer some good trading related books, watch some youtube channels or whatever it takes. After that, you should make a demo account and explore it so that when you plan to go...