I think, Choosing the wrong broker can be the reason of losing money by the new traders.

Why do Newbies Lose?

If you are new in this market, you need to have the basic knowledge about forex. Otherwise, you can face a great loss in this risky market.

I'm a new trader =D

If you want to make money from this market, you need to make a good plan. Without a plan, you can not survive in this market.

10% per month

Very well said. It is the best post for new traders. But the title is a little bit annoying.

Read what the experienced traders say, then forget it!

Yes. It is possible to make 7 pips per day if you have enough experience about trading.

7 pips per day? is it possible?

To make profit fro the market, you need to focus on both fundamental and technical analysis. Never depend on a single analysis to trade in this market.

Fundamental Analysis

Fundamental analysis is very important for any new trader. It helps a trader to make his decisions properly and perfectly.

fundamental analysis for beginners

Trading is an art. If you can make trading perfectly you can become rich. Forex is the sea of money. You have to just make a plan to make money from this market.

Trading like a Casino

Broker is the most important thing in trading. If you want to make a good trading career you need to choose a good and reliable broker for you. Your broker should be regulated. Otherwise, you can face a huge loss in this risky market.

Introducing broker

Every trader should practice on the demo account before enter into the live account.

Demo vs Live Account

Fundamental analysis is very important to make money from this market. It will help a trader to make his decisions properly.

Fundamental analysis

There are differences between Gambling and trading. Trading is an art. Though both have losses, in trading you can assume the result if you have enough knowledge.

Gambling VS Trading

Broker is the most important thing for a trader to make money from this market. So wisely choose the broker for you.You can take help from those websites that give broker reviews on their sites.

broker for newbie

Every new trader should gather proper knowledge first. They should become expert before starting their trading on a live account. Otherwise they can face a huge loss.

Got advice for a rookie?

If you are new in this market, you should use low leverage. Because high leverage means taking high risks.

How does leverage work?

According to me, The best learning method of forex is a demo account. A demo account can help you to learn all the basics of forex practically and perfectly.

Best deep learning school/mentor/method

I think making money in forex is easy if you have proper knowledge and experience. Without knowledge, it is quite tough to survive in this risky market.

Profit Calculation

Yes, I always keep records of my tradings. Because, it helps me to make my decisions easily.

Do you record your trades?

Scalping and day trading both strategy are very effective for the new traders. But you need to have proper knowledge about these strategies.

Looking for threads on scalping/day trading

Very nice writing. I completely agree with you. Taking more risks can be a great problem for you.

what kind of position managment do you have?