That’s definitely to do with your psychology. I’ve been through the same where I put all my attention in improving my skills and I never considered that emotions can be a hindrance. I was sure that my knowledge was good enough but still I couldn’t ...

Psychology

Not for losers but for the majority of the retail traders forex is a negative sum game. There are more traders who lose than the ones who actually win. If we look closely at the trading expenses, we will see that each trader incurs trading costs ...

Forex - A negative sum game for losers

That’s very correct. I believe that the most brutal truth about day trading is that the odds are always against your success, and you are only working hard for tilting those odds in your favor. If at any point you lose the will to work hard, you are ...

The brutal truth of day trading

Being able to make a living out of trading means achieving a level of understanding about everything related to trading. Educate yourself and be disciplined. Discipline is something that’s not very common in even the most skilled traders and this is ...

How to make a living with trading?

I think most of the traders lose because they don’t have a plan. They just hope for things to go their way. They enter the position without knowing when to stop, they don’t know if they need to hold the position for short-term or long term, they ...

Why do you lose money in trading?

Firstly, Trading is not gambling. And if you are trading like a casino you’ll surely blow your entire account. One needs to befriend the market before trading. One can’t make decisions with eyes closed in trading.

Trading like a Casino

Consistent hard work with a never give up attitude helped me to make profitable trades. And @ScalperGuru I agree with your point that every trader must have his own trading style and should not follow other traders.

How did you find success?

@LouiseKing I agree with your point. There are a lot of differences between trading using a demo account and trading using a live account. Beginners should not become habitual of trading in a demo account so that it becomes difficult for them to ...

Any Advice for a Beginner?

Yes, using a stop loss along with a trailing stop loss is a good idea as it will continue to follow the price if it is moving in your favor, and will stop if it is against you.

Do you use stoploss?

Demo account is for training purposes only, it will not make you profits as no real money is involved here. A real market account will get you actual profits if you execute successful trades. Traders mostly use demo accounts to back test their ...

What is the difference between demo and real market accounts?

Trading forex can never be boring especially if you are consistently winning. You can always teach consistency to others. You can design your own plans if you are very consistent in making profits. Trading can be boring only if you want to be. If ...

After consistently profitable, will you become boring?

Stop loss is a must if you care about your money. I use stop loss in each of my trades. Placing a stop wisely is important. If your stop loss is hit early you may lose money and then you will regret if the price comes above that level again. You ...

Do you use stoploss?