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It is your responsibility as a trader to make trades while maintaining emotional control. Thank you for sharing this useful post.

Risk management is a critical component of profitable forex trading. There is no successful trader in the forex market who does not have an effective risk management system. By the way, thanks for sharing this informative post.

Reliability from my pov comes from regulations, and I can see some pretty good names here, like icm, pepperstone, and I’ll add the one I’m using fxview, all these are good regulated low spread brokers.

Thank you for sharing this post on pips! A trader needs to calculate the value of pips as it helps in calculating profit or loss on a position and how exchange rate moves.

It requires focus, lots of hard work, and discipline to become a successful trader. Of course, such traders might look like shiny examples of the money-making forex market, but the story of their success is much beyond that. Logic, the right attitude, and the right mindset are able to give...

Hi Skrimon! You have been a very active member in the forum ever since your joining. Thank you for all your informative posts.

Thanks Dave for the helpful tips. A knowledgeable trader is always aware of the reward to risk ratio for each trade. Instead of holding out hope that the deal may come around, a skilled trader cuts their losses. A successful trader lets their earnings grow until their trading strategy's exit...

It's typically a good idea to have a fundamental understanding of the market and a strong sense of self-discipline because trading Forex as it is a risky endeavour. A lack of education and lack of self-control or an emotional attachment to their money are the main reasons why many people lose...

An online forex forum is a place where traders can discuss trading. It is a fantastic setting for traders to connect and work out trading-related problems. Forex forums can be helpful for traders to interact with other traders and learn from them. I personally have participated in numerous such...

Losses occur because they are the party of trading . However, as a trader, it is your job to avoid them. To avoid losses, do your own research, plan your trades, use risk management, place stop loss, and have realistic expectations. Do not set goals that are too high to achieve. That’ll make...

Whether to trade part-time or full-time is determined by the trader and his ability to profit. If you want to trade forex as a job, you must put in a lot of effort to educate yourself about certain aspects of the market. Being a full-time trader entails additional responsibility and pressure...

It can be simple if traders approach the market in an organised manner and make sure they apply strong risk management techniques to their plan. Trading can get complicated if traders don't learn from their errors and rectify it accordingly.

Hi there, you can find many courses online. Checkout the Pipsology course on BabyPips, it’s informational and easy to comprehend. Good luck.

Study and learn several successful strategies. Put them to the test to see if any of them are profitable. If you do, you'll have uncovered a winning trading strategy. Otherwise, you will need to research and test a few more strategies.

People have the misconception that trading is a simple way to make money. But in reality, things are contradictory. However, this is not the only reason for most people's failure. Other reasons for retail trading failure include a lack of proper knowledge, trading on emotions, not learning to...