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Two good ones I know - coinexx and traders way, both offer a 100% deposit bonus.

This song never gets old !

I have read a few books like that lol. People would literally sell anything and call it the “best” book.

I would recommend Swing Trading for Dummies- Omar Bassal to new traders.

Mindset is the real virtue of forex trading that helps in preparing us for all the necessary hard work that is required to be done apart from helping in making rational trading decisions.

Right! Money management refers to dividing the trading capital in different trades sustainably so that even if the trader loses one trade it doesn't impact his overall gains. Whereas, risk management refers to using tools and techniques that help in mitigating the involved risks.

Start with studying the nitty gritty about the market followed by demo trading. Prefer developing your own trading strategy rather than relying on others.

Diversification is good for your mind and finances. Putting money in one asset is risky and so, along with forex, my second choice is cryptocurrencies.

It’s not easy to come up with an efficient risk management strategy until you are well-versed with risks. So, take a few small trades to clear your doubts about trading and risks. I am not showing you a way to avoid losses but the way to stop the bigger ones that may result in the future because...

Breaks! They help me recover emotionally from the losses and regain the confidence.

Many new traders find it difficult to accept their flaws and ask for help. There is nothing to be ashamed of something you don’t know. No one is born learned.

True! I also tried using trading signals and they worked out initially but later they cost me heavily. Then I realised there is nothing as a consistent concept in trading.

It’s obvious to feel bad about losing money. But after you are done with crying over them, learn to find out what went wrong. A loss comes with a hidden lesson that if understood, can help you in your future trades. It can also help you while building your risk management strategy.

As a beginner many traders keep on changing it frequently as they are unable to find out the right trading strategy that suits them.

Hope you shifted to a demo at the right time. Demo is an extensive way of learning and practising trading without losing any real money.

Tiiktok can never influence Forex in any way. Though there are many people on TikTok who lure newbies and scam them. It is just the hub of scammers.

It’s best to start with major pairs only because they have low volatility. Later, traders can move to pairs with moderate/high volatility.

This is a great place to get started! Good luck with your trading journey. Stay consistent!

Challenges that forex traders face - 1) Creating a workable trading strategy 2) Finding a good broker 3) Having a hard time coping with losses. 4) Not getting genuine learning resources.

Imo, beginners should avoid using leverage right away after entering the live trading account. They should wait for sometime and not use high leverage initially.