Any percentage would be good enough if you can do that consistently. Trading should be done with idle money. 10% per months means your capital would more than 3 times in a year. Very few business can achieve that target.

In FOREX, is 10% return per month good enough?

Exactly there is no short cut to learning. Most people try to learn it in 3 months. They are not ready to spend long time for learning. They think it's waste of time. As a result they lose money again and again.

Thoughts of a beginner

I think you need to change your broker. Find a good broker. I have never faced this. Compare charts with other brokers when you get hit this types of SL, see how far price goes with other brokers. If their price also goes to that area (+-2 to 4 ...

Widening Spread Keeps Triggering My Stop Loss

It's a bit complicated. Stop loss is one way to minimize risk. But there are more things. Your profit target should be equal to your stop loss provided that you win more trade than lose. Or it can be 1:2, 1:3 or 1:4. Basically it is associated with ...

Does stop-loss help to avoid the risk?

I think researching on specific pair can help to understand price pattern of that pair. Every pair has its own unique characteristics. If you can find out that you don't even need too many pairs to trade. Only one or two pairs can be sufficient.

Forex Education

I agree. Most ready made strategies do not work. In fact no strategies work unless we make it customized for our trading personality. Every person is different psychologically. That's why they react differently even if they are using same strategy.

Why you still lose

Yes knowledge is very important. Knowledge becomes weapon when we can apply it effectively. So practical use of knowledge is also very very important. Unfortunately most people start trading with a basic understanding of trading.

Trading Knowledge

I think if a trader can make triple of his demo account by following a specific strategy. You have to follow all the risk management rules. A strategy with good winning%, good risk reward ratio. All these things a trader needs to find out while ...

When do you know you ready to go from demo to real trading?

Yes that's why it's said that practice makes a man perfect. But while practicing one must learn from the mistakes they made. Also he/she needs to read a lot to learn new aspects of trading.

Practicing swing trading

Scalping is a short term trading. To be a successful scalper you need to be expert because in lower time frame there is too much noise (movement). It also leads to overtrading. For newbie it's not a good method to follow.

What exactly is 'scalping' ...?

To me the fewer pairs you choose the better. Every pair has it's own kind of characteristics and moving patterns. If you follow a lot of pairs you will not be able to learn this. I personally only follow GBPUSD and EURUSD and trade on only GBPUSD.

how many currency pairs should I follow

You can get rich quick by doing forex trading but for that you need to have enough knowledge, skills and experience. And to reach that level you have to give a lot of time. It takes years to be a good trader who can make consistent profit.

Can you get rich quickly from forex trading?

Using stop loss depends on your trading strategy. If you are a short term trader or scalper, you have to use stop loss. Because it's very difficult to detect early start of a trend. You can be opposite side of the trend and lose all your money in ...

Real Fx traders do not use stoploss

Yes most traders want to make quick money. I know people who open .10 lots with 50$ balance. As a results he keeps losing years after years.

I blew my account today!

You need a good strategy with a decent winning %. A good plan, an emotionless mind, a good risk management policy. You need all these to be profitable.

the most important things in forex

To do forex trading you have to acquire enough technical knowledge and basic fundamental knowledge. There are many traders who trade only based on technical analysis. You have to read a lot and practice in demo to learn it.

What is the best way to do forex trading?

Personally I like MT4. I also like cTrader though I trade on MT4. Try both MT4 and MT5 on demo and see which one you find more comfortable. It's about your comfort.

Beginner Questions

Most traders are losing money. To be profitable only a good trading entry strategy is not enough. You have to know your strength and weakness. After that use your strength as much as possible. Make your own rules. Make What to do what not to do ...

Still losing

It depends on what type of strategy you are following. What are your risk and reward ratio? What's the winning percentage. All these things need to consider to understand whether stop loss will reduce your risk or not.

Does stop-loss help to avoid the risk?

I completely agree with you. I personally suffer from refusing to be wrong. Currently I am working on it. Sometimes it causes me problem in my trading decision.

reasons why traders lose