Thank you for giving such detailed information. I too didn’t know about all this and tbh never cared to go deep as spread betting is not allowed in my country. The only difference I knew was there’s no tax and commissions in spread betting.

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I really rely on video lessons instead of reading anything and YouTube is the best place where one can find plenty of information. Personally I like to watch Rayner Teo as I really like his style of teaching. He makes it easier to grasp the concepts ...

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I believe losing is not bad until you are learning from it. Traders who don’t learn from their past trades eventually end up blowing their entire account.

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I don’t prefer to invest in psychology related books or courses because I believe that it can be improved with practice. To do so, traders need to manage their emotions everytime they feel that their trading decisions are getting influenced by their ...

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The forex market is so volatile that I believe one should use always use a stop loss or trailing stop-loss even if the trader is 100% sure about his trade.

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I totally agree! It is also important that a trader has a realistic approach towards forex trading and should not have any kind of misconceptions.

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Being a new trader, make sure that you don’t refrain from learning at any cost. You will have to go through a lot of things in the live market and to be prepared for them, make sure that you give enough time to your learning.

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Demo trading might introduce you to your trading platform but it won’t help much with trading. It is live trading that makes you lose your money, teaches you valuable lessons, and helps you come up with a better trading strategy.

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If you happen to meet traders who lost huge amounts in trading and blame the market for the same, you will notice that all they talk about is making money. But if you look at the careers of the winning traders, you will see how they worked on ...

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Honestly, I have not seen a single trader in my career who didn’t make huge losses. And there’s nothing very surprising about this because that’s how the game works. You sometimes lose more than you win but if the value of profits is more than your ...

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