I agree with you. Traders lack discipline which is one of the most important things if one wants to be a successful trader. Discipline helps you take the best decisions and controls all sorts of unnecessary trading. Disciplined traders know exactly ...

Successful traders are very, very rare to find

I read this book recently , complete turtle trader and i have to say i really liked this book as its very motivating to see an ordinary person turn into a millionaire just by following some simple rules. You can check it out too.

Trading book(s) - please recommend if you can

Absolutely. That the most important thing for a newbie. Practising will surely make you a successful trader one day. So even when markets are closed, keep practising and learning.

Trading Truths

I agree. Its not necessary that someone with experience is a successful trader. As far as leverage is concerned, beginners should try to use as less a leverage as possible. It only adds risk and risk must be avoided by beginners. So something like a ...

What leverage is best for a newbie?

I agree. If it would have been so easier to make money though forex trading, everyone would have been a millionaire. So you need to pull your socks up if you want to be a successful trader.

Forex trading

Indeed. Everyone has sailed in this boat while trading fx. Trading is the name for winning and losses. There is no point of saying that losses are impossible. I don’t think there was or can be any trader who has never suffered a loss in fx trading.

It's impossible to lose money in Forex!!!

Definitely. Practising on a demo is a must. I still use it for back testing new strategies.

What do you learn?

Yeah ! Choice of a broker is one of the toughest decisions we have to make as a trader. So before you choose one, do an extensive research and make sure they are genuine.

New To Forex and Need Advice!

Well it depends more on a trader and his trading style. But i do use stop loss whenever i feel the necessity.

Trading without stop-losses

Yeah . You need to study and learn a lot. Side by side start practising on a demo account also.

Why do I trade Forex

Success comes to those who work for it. So is the case in forex trading. You have to work hard and not lose patience. It may take years but you don’t have to lose hope. The results of fx trading is worth all the hard work.

How did you find success?

Yeah. You have to put in a lot of effort coupled with patience to be successful in trading. Success doesn’t come for free ever. You have to work for it. So is the case in trading.

Can you really make money from trading?