Yes you are right. If an individual wants to make money by forex trading, he needs to be highly skilled both technically and psychologically. Otherwise it's not possible to make money here.

Trading is an intuition business

Discipline is the first you should practice if you want to be a successful trader. All the successful traders on the planet are disciplined traders. They may have distinctive trading techniques however one thing is normal which is they are ...

Rules of Successful trader

Be become patient in trading, start treat forex trading as normal business and don't have unrealistic profit expectation. Unrealistic goals leads to over trading. Only open trade if you have enough technical reasons or fundamental. Otherwise ...

how do you improve patience

To manage my risk I take after some strick money management rules. Initially I take after 2% cash management run the show. I never open trade woth over 2% of my value. I don't trade ordinary. I just open trade when I get a decent trading set up as ...

why forex is so risky?

Without enough skills and experience, it's normal to lose money and get scared. Whether new or old, we are bound to lose money if we don't understand the market and follow discipline.

How do you newbies not lose your motivation?

Most traders look for 80 to 100% winning strategy. But this type of strategy doesn't exit. Even a small consistent percentage can bring you a fortune in trading. We should focus on consistency.

80-85% net winning percent. Should I move on demo?

Forex market is where currencies are traded in pair. It is a work of professional people. If you want to make money here, you have to be skilled. You have study and research a lot. If you think making money is easy without learning, don't come here. ...

Forex Education

Yes for online trading we need a broker. A broker is the medium through which we can trade. For offline trading you may need to contact with banks.

Is it possible to trade the forex market without a broker?

Forex trading can be one of the best investments, only if the person is skilled enough. Without enough knowledge and skills, trading forex is the most risky business in the world.

Is forex the best investment?

I have a theory for initial capital in demo. How much capital we should take for demo? My suggestion is take the exact amount of money you would invest in your real account. If you wish to 200$ in real account, practice with 200$ in demo with your ...

Demo vs Live Account

Fear comes from not knowing what we are doing. If a trader knows well about his risk reward ratio and winning percentage of his strategy, he will not feel fear.

Overcoming fear in forex trading, advice needed.

A trader need to be benefitted from losses if he can think it as a lesson. Every loss is a lesson. Traders use journal to keep track of their past trading mistake so that they can learn from their mistakes. Learning from mistakes is the best ...

Rules of Successful trader

The thing that makes a difference between a novice trader and champ trader is emotions. A trader can lose with best strategy since they don't trade with cleaned expertise rather than they trade with emotional impulse. Without having control over ...

Why do Newbies Lose?

Without skills consistent profit is not possible. Most traders forget this simple thing. They run for strategy without making themselves knowledgeable.

reliable trading system for GBP/JPY scalping

I think we should not follow a strategy blindly. A strategy working for one may not working for others due to different trading personality. Everyone has different psychology. In my opinion best option is customize a strategy according to your ...

90% of traders lose money! True or False?

I treat forex as a business. It is also a business like other business. But the difference is most people in forex take impulse decision. This is what make the forex business risky. If you follow the rules of risk management and can control your ...

Earning Consistently In Forex

To shine in forex you require a professional attitude and aptitudes. Without capacities consistent profit isn't possible. Most traders neglect this essential thing. They continue running for strategy without making themselves capable.

New to Trading and Forex

Money management is extremely important in trading. By far most of individuals slump in trading since they don't take after incredible money management rules. You can't risk more than 2% of your capital. You can take one trade or a couple but total ...

why forex is so risky?

It's the small time frames and huge leverage that make th3 forex trading tempting. Due to 5 min, 15min, H1 charts you can trade all the long and due to leverage you can always trade with small capital. This is the reasons people get so engaged in ...

Why forex?

If you are successful in demo by following a very specific methodology for a long period of time, you have higher possibility of doing good in live as well. But if you are random in demo, your chances are zero in live. When it comes to real money we ...

Demo vs Live Account