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I won’t say ignoring the losses is the right thing to do, but accepting them is. If you learn from your mistakes that led to losses, then you will have a good chance of becoming a successful trader. However, if you suffer from losses and decide to trade to recover those, then that’s a bad...

FP markets is a good one, some other low spreads and commission brokers worth considering are paxforex, turnkeyforex and lmfx.

Risk is anything that you can’t afford to lose to gain something in return. If you take higher risk, you might get high returns. But it also means that you might lose big if you’re not managing risk.

It is true that there are more men here than women. However, it doesn’t undermine the performance of women as a trader. I have a few female friends who trade, and they do it very well.

Create a profile on Linkedin, if you haven’t yet. You will find plenty of writing gigs there.

Ikr! This movie is GOLD.

A high percentage of traders fail in trading. Hardly, 1-2% of traders make consistent profits. Incomplete forex education is the prominent reason behind traders’ failure.

Beginning with a demo account is more reasonable because you need to have some trading skills before actually starting live trading. Once you’ve gained skills and understood how the market works, a micro trading account is a good place to start live trading.

I really believe that when you work on building good trading habits, you are not only working on one aspect but are improving your klife as a whole. For instance, trying to make the best decisions in an environment that’s extremely risky and stressful has made mentally stronger. I’ve become more...

I believe that the pros and cons of forex trading vary from trader to trader. For a professional trader, high volatility would be a pro because it offers great opportunities to make money. But for a trader who is just starting out, volatility would be a con because the market would change...

I was looking for a book on trading psychology and my friend recommended me Mastering Trading Psychology by Andrew Aziz and Mike Baehr. Anyone who is looking to understand the importance of trading psychology should read this book.

Given the current situation between Ukraine and Russia, I wouldn’t be surprised if all markets crash in the near future. Economies can flourish when there is political stability, and the situation right now is completely the opposite.

I have been trading the New York session since day one, but now I will trade the Tokyo session despite knowing that it is the least happening of all 4 sessions. This session I’ve heard is very volatile, so I would like to take the benefit of the volatility and try to get something good out of it.

In forex, it is when you don’t close your position the same day you’ve opened it. Day trading means you are opening and closing the position the same day, but in swing trading, you keep the positions open for more than a day or a few days.

If you are new to trading, then yes, it is better to avoid trading exotic currency pairs because they are the most unstable of all the currency pairs available in the forex market. You should focus on a single currency pair to avoid any confusion. Once you gain experience and start making...

The beginning of anything is difficult, and forex trading is such a complex field that it was bound to be difficult for anyone. I was bamboozled by the variety of chart patterns and trading strategies, but it didn’t take me much to get familiarized with those. The biggest challenge I encountered...

I think the reason that many professional traders believe that forex has not remained the same is because these days there’s almost no barrier to enter the market. It has become so accessible to everyone that most of the people enter only to try their luck without caring about actually...

Forex as a market is not addictive and if your strategy doesn’t involve frequent trading then the chances of you getting addicted to forex are rare. However, if you are a day trader who likes the thrill of rapid fire trading then there’s a possibility that over time you’ll start developing a...

I think that intuition plays a very important role in trading. At least this is what has helped me a lot. We are always taught to shut our emotions and use logic but I’d say trading is more of an art than science and if you are a naturally intuitive person, capitalize over it to take your...

A trading edge can be anything that gives you cash advantage over other traders in the market. For instance, you may notice that by using an indicator in a particular manner you are able to predict the price movement accurately, or that a certain pattern tends to occur every time before big...