The only thing you need to do is find one strategy and stick to it. Whether it is scalping, Engulfing, Pin Bar, the hammer, inverted hammer, become an expert in that one strategy and learn everything you can about the strategy, especially how it ...

I won nothing after 3 years

I have read that 71% of retail traders fail with their trades and 95% of forex traders drop out within the first few years.

95% failure rate?

Learn fundamental analysis right here in Forex Factory. Checkout the news section which has the latest stories for fundamnetal analysis. In addition your able to click on the Calendar section of this forum to go into deeper analysis of the news. ...

How to learn fundamental analysis

Try not to look at the forex market negatively. Do not be afraid of the risk, do not be afraid of the amount of material that has to be learned, do not be afraid to make mistakes and learn from them. The beauty of the forex market is the access to ...

Is forex the best investment?

The way I think about it is has the foreign exchange ever created millionaires for people who have only deposited thousands of dollars? Did they make it without ever depositing anymore money? I think it is possible especially if they scaled their ...

Forex millionaire

Sorry to hear that. Lack of sleep is such a serious condition. Most people do not realize how serious lack of sleep really is. They usually pass it off casually in conversation however lack of sleep leads to heart problems, neurological problems, ...

Trading fx fundamentals

I am not trying to discredit you, and I am the type of person who trys to see the good in everyone, but I think forex trading is more than intuition. Its a ready made business model. A turnkey market for people to learn from. You have to try and ...

Trading is an intuition business

I think it is hard to pinpoint the best broker because their are literally thousands of them. I do like the brokers who execute trades the fastest however how can I say this is faster than the other without testing them all. I also like the fx ...

Best Broker?

Doesn't the stop loss eliminate much of that risk? You should only risk money you are comfortable losing. Many forex traders are able to make a profit forex trading. Nothing is stopping anyone else from achieving that same success. Perfect your ...

why forex is so risky?

Can certain indicators predict up and coming price actions?

Best indicators for beginners, to minimize losing.

I like what you wrote about not spending to much time on demo accounts. Yes they are great for practice however you do not really learn and dive in until you place money in a real account. Your strategy should be good enough, well thought out, and ...

Pointers for beginners

I disagree wholeheartedly. I have lost in the markets however I continue to trend upward in my overall performance. In the beginning I used to lose all the time. I still think there are a lot of traders who continue to lose money, even experienced ...

It's impossible to lose money in Forex!!!

A good website for fundamental analysis is newyorkfed.org. It helps to study the current rate of the economy in the U.S and entire world. Also provides great information for the interest rates and also provides estimates for future interest rates ...

The best fundamental analysis?

I would start with a low leverage account and gradually work up to a higher leverage as you get good at trading.

What leverage is best for a newbie?

How can you make profits when you lose?

Learn Forex Risk Management & Deal with Forex Loss