Forex education is neither misleading nor stupid is the main ingredient of the recipe to be a successful trader.

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As a beginner, consider trading EUR/USD. This is a profitable currency pair which offers tight spreads and high liquidity.

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Crypto is more volatile than forex. But in terms of money-making potential, crypto is leading the race. However, it is very hard to predict the price of cryptocurrencies.

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Regardless of options out there, don’t trade with borrowed money. The debt might put you in a lot of stress.

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Thanks, I can vibe with that!

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Imo, risking 1% of your trades is only part of risk management. There are other methods to make your risk management better, like use of stop losses and profit orders. You should test and see what works the best for you.

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That’s true! It’s not easy to resist greed, like it’s not easy to avoid sugar. It takes continuous effort. You have found your way out. For instance, some take help of strict trading rules. You might initially break them but with consistency, ...

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It is said so because many traders trade with emotions, such as greed and fear, instead of facts. Traders should know the clear distinction between the two, so they can prevent making wrong decisions.

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Initially, it’s even difficult to make your trading strategies. Your goal should see how others do it and implement them. It might sound like copying. But your purpose is to understand how strategies or styles work. So in future, you can come up ...

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I am reading The Psychology of Trading: Tools and Techniques for Minding the Markets by Brett N. Steenbarger

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Becoming a full-time trader is your call to take. To come to a conclusion, you should first analyse your performance as a part-time trader. Analyse your success rate. Full-time trading is riskier and stressful. Make sure you have enough savings ...

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Hi, welcome to the community. Check out the thread related to forex education. You will find some of the best learning resources. Good luck.

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Start with developing a trading mindset and focus on completing forex education. Many new forex traders fail because they get desperate to make money. Make sure you don’t repeat that mistake and practise before taking a risk.

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You can explore Warrior Trading on Youtube. The content is nice.

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It’s quite interesting!

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Indeed! The market is your real guru. You learn the most at trading.

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