Before becoming a full time trader, I think that it’s very important that you save some money at least for the expenses of one year. When traders quit their jobs to trade full time, they feel more pressurized because there’s no other means of ...

Should I become a full-time Forex trader?

AI is undoubtedly the future of trading. It benefits traders on so many levels by minimizing the risks of human error. Stats emphasize that 90% of the forex traders already use robots. These AI softwares help to analyze a vast amount of data with ...

Do you think AI will affect trading? How?

Losing is part of the game. Without a trader losing, there can’t be another trader making money. The goal should not be about ‘not losing’ but improving your winning rate so that the losses become negligibly small. Some traders believe that the only ...

Why do we still lose?

Trading the micro lots until you get confident about your learning is a good way to approach forex trading. I don’t think anyone needs to move on to trading other assets for practice. In fact, forex is a low barrier market where you don’t need a big ...

New to Trading and Forex

YouTube has loads of trading videos that can be helpful for newbies. The channels I find useful are Karen Foo, No nonsense forex and Rayner Teo.

Best newbie videos

Trading is difficult. Here, the effort in the beginning is not to make money but to stop losing it. It’s very easy to believe that you can earn oodles of money by trading currencies at the comfort of your home but when you actually start doing it ...

Growing Account

New forex traders should understand that earning starts after learning. You can’t reach the earning part without understanding how the market works. Focus on learning and trying different strategies on a demo account, and notice your mistakes, ...

New to forum

There can be hundreds of reasons why the majority of the traders lose money in trading. Not giving enough importance to learning, not applying money or risk management, being too impatient, being undisciplined or many other reasons are responsible ...

Why 99% of traders lose money

A demo account has its own importance. Sure, we can’t earn or lose money while demo trading which doesn’t let traders learn aspects like money management or risk management. Demo accounts also do not take into account the emotions. However, it is ...

Demo Forex VS Real Forex

The sayings are oral instructions which are passed from person to person and generations to generations. The origin of these sayings are mostly in the personal experience of a professional trader. Therefore, we can’t say that these are completely ...

Trading Sayings: Fact or Fiction

There can be thousands of ways to trade forex but there’s always one way that fits your objective and your style. The best way to find it is by learning and trying. Without learning, you cannot expand your horizon and you’ll never know how much is ...

5 ways to trade forex

The basic concepts of trading are almost the same in stocks as well as forex. If you know how to trade one asset you can learn to trade another asset quite easily than someone who has never traded anything in his life. For scalpers specially, ...

I want to learn and learn

The question is about newbies and not professional traders. Warren Buffett and Charlie Munger are not new traders. They have decades of successful experience and it’s rare to lose motivation when you are good at something. Lack of motivation is ...

How do you newbies not lose your motivation?

Anything can be self taught if one has the skill of self learning and improvement. It may take more time as compared to a course or a book but it would be simple for you. It would be more helpful if you take references from time to time to make your ...

Can trading be self-taught?

I think day trading mostly depends on technical analysis. If a trader has good technical analysis skills, he can easily make money in day trading. But most people who fail at day trading either lack the required skills or just trade with luck while ...

Why 98% Of All Day-traders Fail

I agree with you that doing one thing repetitively will make you an expert in that thing rather than doing a lot of things only once. People often think that doing the same thing again and again is quite boring. But it is the only thing that can ...

Trading Discipline !!!!

The volatility of the market is one reason behind the risk involved in it. Although we can’t really control the volatility, we can still manage the risk by following different risk management strategies, such as, setting up a risk-reward ratio, ...

why forex is so risky?

If you are looking to get successful with the help of EAs, copy trading, account management or signals, that probably means you are only interested in profits and it doesn’t matter to you how you get these profits. I think this is not a right ...

Any idea about real success in forex trading?

I agree with other commenters here. The internet is a wonderful source if you want to learn trading. Here you’ll find basic educational material for beginners such as the School of Pipsology. It’s easy to follow even if you don’t have any idea about ...

Trading Schools

Probably for a long time yet. Cryptocurrencies had somehow instilled the belief that there can be one currency for the whole world but as we can already see that there are so many countries which are against cryptocurrencies and banning it. There’s ...

How many more years will Forex exist?