Trade, don’t gamble. Trading needs a plan, you have to strictly follow the parameters you have set for trading. Many new traders lose heavily because they hold on to a losing position hoping that market will move in their favor. This is gambling. ...

New to forex Tips and Advice

Nice perspective. Looking at the big picture helps us realize that our losses may not be as devastating as they first appear to us just when they have occurred.

Consistency

Learning to deal with emotions is not the primary purpose of demo trading rather it is to familiarise a trader with the practical aspect of trading. Demo is like a practice session for a sport and live account is participating in a tournament. Is ...

Demo Forex VS Real Forex

If it were that easy more and more people would be making tons of money. Fake opinions do a wonderful job of convincing newbies that they can make plenty of profits by successfully beating the market. Yes, trading is hard and becoming evermore ...

Is trading really that hard?

Nicely explained.

What leverage is best for a newbie?

It is possible to earn from trading but you will have to keep your expectations realistic and work really hard to fulfill those expectations.

Is it possible to earn money from trade?

You're welcome. I agree such people do exist but rarely and if someone came up to me offering their plan to riches I'd first question what's in it for them?

Is there a profitable strategy that works 80% of the time?

Hi Nishkam. No, you have not reached the wrong address. Welcome to the community. You will find plenty of helpful traders here. Goodluck!

Information For Beginners

Hard to pick the single most important thing as there are numerous aspects to trading each playing a vital role but I think the most fundamental requirement without which you could not move an inch in this business is knowledge of trading – what ...

the most important things in forex

While I do promote using a micro account but certainly not as a substitute for a demo rather using it as the first real account. Demo is not a step anyone can afford to miss out on else they're in for a certain loss.

Demo Forex VS Real Forex

Quite often, the two most prominent reasons behind losing money in trading. Hope you are a more cautious trader now.

reasons why traders lose

A very practical way of going about it. One should know one's limit.

I plan to quit forex!

I completely agree. You have to fully grasp the operations of the trading platform before starting to trade with a real account. You can make plenty of mistakes with some of the platform’s tools and features unless you are quite familiar with them ...

Demo Forex VS Real Forex

You're on point. Most new traders enter forex with high aspirations but only a small fraction is really successful. It's hard to make profits here and with time, it has only become harder as the market becomes more and more complex.

Why do I trade Forex

In forex market, there is always somebody who makes a profit and somebody who makes a loss on any given trade. Even with years of experience and knowledge, there is no reason why you cannot be on losing side every once in a while.

New To Forex and Need Advice!

Use your brain because the heart doesn't consider the future, but when you decide on following your heart, take your brain with you.

How to Become Emotionless

I see what you did there

Why 99% of traders lose money

I appreciate your honesty and it does not sound rude. I suppose that's how most of us feel. It's not easy to freely share something that you have labored rigorously to create.

Is there a profitable strategy that works 80% of the time?

I don't like the idea of not using stoploss but I admire the courage of those who trade without using it. It's simply something I cannot/will not do. I feel that even seasoned traders who do not use it should not advise new traders against its use.

Trading without stop-losses

Success here is primarily determined not by how much you know about the market rather how you have performed over a period of time.

Why do I trade Forex