If you are a new Forex trader then you should start from demo; practice enough trade on there! Then if you can identify any good system for you! Then you should start live trading otherwise not!

Two Heads are Better Than One

To be honest, I don’t believe this way of trading I mean Holy Grail! Because, I see there is nothing like 100% in Forex! Besides, I get only 70% success ratio from my personal trading strategy. But I am happy on this ratio, it’s quite enough to me.

What was your "holy grail"?

I am a part-time Forex trader, so I need to use pending order strategy! I basically open my pending order according to my analysis! I seem, pending order strategy is the very much useful facility for the part-time Forex traders!

Difference between buy/sell stops & buy/sell limits

Sometimes it’s good and sometimes it’s not! When can’t wait for a breakout when the market is very near on major support and resistance level.

Taking Profits too early?

It’s very important calculation! In my trading, I use all kind of trading styles unless hedging! I do hold my few traders couples of week; really I don’t want to close my trades too early! Closing trades positions too early is another problem. ...

Taking Profits too early?

Yes, these points are important! I see maximum traders lose their money because they can’t follow the proper way of money management! In my trading I use a fixed risk-reward ratio and that’s my way of following money management policies in my ...

Six Forex Trading Tips for Newbies

Good decision and all the best! Hope, your contribution also help novice traders to learn Forex! I’ll follow your contributions so keenly! Thanks again for such as good decision.

Trading Knowledge

To be honest, only data based trading is not enough, I go for details news and try to know the actual meaning of every fundamental event.

Forex News websites

I am sure, trading without stop loss trading tool is not secure, anyone can lost all of trading capital within very short time if he/she doesn’t use stop loss trading tool! Basically, mostly new traders are unable to understand the value of SL ...

Trading without stop-losses

Among of your list, I use only DailyFX news site! On the other hand, I use Economic Calendar of ForexFactory, thus I do fundamental analysis in my trading.

Forex News websites

I see, 55% members believe in your last point (All of the above)! Because, there have so many parameters! But the main reason is, low trading knowledge! New or low skilled Forex traders are unable to identify good opportunity of market as well as ...

Why do 95% of traders lose?

1st all of, I want to know details about your trading method! But I like your updating strategy! Really, it’s very important to update trading strategy in regular basis! There is nothing link fixed here, so trading with a fixed trading system is not ...

Give me some comments on my method

Thanks a lot for this informative thread! Yes, having a particular trading strategy is very much important for being a successful Forex trader! But, it’s not easy job to make a profitable trading strategy or system! I see, successful traders ...

Six Forex Trading Tips for Newbies

Yes, 1:1000 trading leverage is much high for the newbie! Because, over trading is a common problem for the new traders, in this case they should trade with a decent trading leverage like 1:50 to 1:100! New traders need to make sure their trading ...

What leverage is best for a newbie?

Well, I select my trading pair according to my personal trading strategy! Basically, in my live trading account I am trading with 8 major currencies! In addition, my daily trading target is only 15 pips, in average I get my daily target so ...

When to know what to trade

I really appreciate your contribution! Really, using a fixed trading lots size s very important parameter for the new traders! Because, discipline is one of the most important quality here, without having it no one can success here! You have added ...

Forex - Tips for happy trading

According to me, new Forex traders need educational support from their brokers like the video tutorial, trading eBook, and webinar related facility! Because they have to build their trading skill first! On the other hand, new traders need flexible ...

broker for newbie