Some of my tips for new traders is try to understand the trading business. You have to have knowledge and skills to do good in trading. Don't expect to make money just by entering into the market. Try to learn the mindset a professional trader ...

There are lot of common mistakes every trader do when they are new. I also did the same. Like opening trade position before big news events and after the news events. Opening too many lots is another mistakes. Risking more than 1% of the capital is ...

Managing risk is the most important yet ignored aspect in trading. I mean all unsuccessful traders do not have any risk management policy. I do not risk more than 1% of my capital in a single trade. If I open more than one trade my maximum risk ...

Trading with trend will give high probability of success.

Mistakes are common in forex trading. Just learn from your mistake and avoid repeating same mistake twice.

Fear is a big problem for new traders. If a trader trades out of fear, he will never be able to make a profit. Fear and greed destroy the trading career. I have been trading for a long time and I have seen many traders who cannot hold profits in ...

Every trader should know in which position he should enter the trade. If the entry in the trade is not right, then the emotion will work in the trade. And emotional trading is very harmful. I never trade on weekends because then the market is ...

If you want to create a bright future by trading Forex, you have to trade with long time targets. If you earn 10-15% per month, you should be happy with it. If a trader patiently follows money management and risk management, his trading future will ...

Trading psychology and good analysis is an essential part of every trader. If a trader cannot control his emotions, he will never succeed. You have to maintain risk in every trade. No more than a 2% risk can be taken for trade. If all these things ...

It is very important to follow the trend. Failure to follow the trend can lead to a loss. When I open a trade, the trade makes a profit of 20 pips and brings the stop loss to the entry point. If the price is ever volatile, I will not have any loss. ...

The first thing you need to look at is the market context. 4 types of context such as volatile / non volatile / impulsive / and corrective. Trading is done by combining support and resistance levels with these 4 things but the amount of loss will be ...

It is very important to follow the trend. Failure to follow the trend can lead to a loss. When I open a trade, the trade makes a profit of 20 pips and brings the stop loss to the entry point. If the price is ever volatile, I will not have any loss. ...

There are many types of strategies in the Forex market. Among these strategies, technical analysis is better. I try to read the market context all the time. The first thing you need to know is what position the market is in. It is better to stay ...

Proper timing is very important. Profit depends on timing. If you trade from swing low or swing high after daily analysis, the chances of loss are less. If the trade is opened in the middle of a movement, it is not possible to maintain risk rewards ...

New traders need a lot of support. New traders need a lot of help on how to select a broker, how to analyze, how to manage risk. Newbie traders are ignorant about trading when they join trading. And to turn this ignorance into experience, a lot of ...

Yes most people fail in trading. They fail because of poor understanding of the market. We need knowledge and skills and a good discipline mind to get success in forex trading.

For newbie small capital is good. Actually what I think is when you start forget about capital and profit. Focus on knowledge and skills. Most traders make this mistake, they focus on profit at the first hand. They don't realize that forex trading ...

Practice makes a man perfect. It's true. But we need to practice in a systematic way. In demo most people do random trading. But we should actually develop our system in demo.

We need to customize or personalize our strategy. Every person needs his own understanding of the market and price. That's why we don't get success by following other's strategy.

There is no alternative to learning, if you want to get success in forex. Self study is simply the best procedure to get started with forex trading. Subsequently after learning the basic information of trading, it good to take help from a specialist.