Yeah right! that’s the reason i prefer to trade with ECN brokers.

Brokers prefer to win or lose ?

I agree. Even after going through a lot of reading stuff and knowledge many are unable to make consistent profits. Trading is not a get rich quick scheme. One has to be disciplined and control their emotions well. A well defined trading plan and ...

Can you really make money from trading?

Well i would somewhat agree with this percentage. The failure rate is too high. People not only lack the required knowledge but also the patience and disciplined required to trade. Due to inability to make profits many ultimately quit forex.

90% of traders lose money! True or False?

Well that’s great as you will be able to calculate your risks, profit potential in a better way. Risk and money management is really an important thing to understand while trading forex and those having good knowledge about it, definitely have an ...

New To Forex and Need Advice!

Totally agree with you. Even i feel losses aren’t losses as such. They are lessons that make us conscious of our mistakes so that we can avoid them in future. Though consistent losses are a bad sign , but with hard work and research, one can lessen ...

What do you learn?

Your target has to be achievable and realistic. doesn’t matter how much other traders are making per month or per year. Target has to be set as per your knowledge and trading skill. So practice hard before you can figure out what is the realistic ...

20% per month. Is this possible?

Imbibe discipline in your day to day activities,it will help you to remain disciplined when you trade also. And when you are disciplined you will be able to control your emotions and meditation can help you achieve all that.. You can even use a ...

How to Become Emotionless

I agree scalping works for me too. I am able to make better profits through scalping than by any other trading style. It just requires a lot of time commitment ,in order to make the right move and generate profits. I have to sit hours in front of ...

To scalp or not to scalp? (Images included)

I AGREE ! To be able to get successful in forex trading is not an easy job. Just like any other thing, it requires a lot of hard work, skill and experience. Quitting too soon because you are not able to make profits consistently isn’t a great ...

I plan to quit forex!

Yes i would recommend trading . But i would also say that trading is not an easy thing to do. One has to have a very good knowledge of trading. Converting your money into profits is still easy but consistency in making profits is the hardest thing ...

Would you recommend trading?

I believe, trading is an art. The results of your trading depends on your trading skills , knowledge and experience. But people actually spend less time learning and are more or less, impatient to start trading due to the lure of profits. This way ...

Why 99% of traders lose money

Yes absolutely, your trading results are affected by your mindset. If you are patient and calm you will surely be able to close out a profitable deal. But if you are highly emotional and feelings like fear , greed , anxiousness are a common thing ...

Psychology matters most!

It happens, because we don’t have our real funds invested in a demo account. So, our decisions are less biased and more accurate. That is why I always recommend newbies to practice on a demo account side by side , once they get familiar with the ...

Is demo a step before real trading?

Keep your calm and never panic. Always be disciplined and stick to your trading plan. Take decisions based on logic and observation rather than gut feelings. Keep emotions at bay. Things like over trading , feelings of fear and greed can wipe you ...

Keys to Success

For me , the majors are the all the time best pairs to trade with. Majors include those pairs with USD as one currency. These pairs are highly liquid and have tighter spreads. For example – EUR/USD , USD/JPY , GBP/USD , USD/CHF , USD/CAD etc.

The best Pairs to Trade?

Hey that’s okay. I think it happens with almost every trade .One thing i could suggest you is to avoid emotionless trading at all costs .Because it does not let you think logically and you are sure to lose out some good trades .Feelings like low ...

How do you learn to trust yourself in trading?

Indeed everything you have mentioned is absolutely true . Forex trading is not a get rich quick scheme and one has to do a lot of research and hard work for a lot of time to start making profits from the same. Some tips i can provide to new traders ...

The Secret to Success and profitable trading - What is it?

While there are many profitable trading strategies out there like scalping , position trading and many more , the best strategy will vary from person to person . A strategy may work out best for one type of trader and worst for another type of ...

Which Trading System Or Strategy Is The Most Profitable?

Maintaining discipline in trading is very important . Maintaining discipline can be really hard initially , but some care can definitely help you maintain it. Here are some tips : First of all set out clear cut, realistic or to be precise SMART ...

How to maintain discipline