Yes most people are introduced to forex trading by telling some unrealistic talks. No one says it takes years to get enough skilled. 3 months or 6 months is nothing for forex learning. A person need a lot of study and practice.

No skill in trading!

When market is less liquid is the worst time to trade, usually the opening and closing time. When you see marketing is moving between 10 to 20 pips, that's the worst time. Also during big news event it's wise to stay away from market if you do not ...

Best & worst times to trade

Along with knowledge we need to know how apply the knowledge effectively. Many people have good knowledge but can't apply it due to emotions. We are psychologically vulnerable to the market. It takes a lot of time to be strong psychologically.

Making Money is Extremely Simple

Most people don't make money at all in the long run. Yeah a lot of people get short term profit and but at the end they lose it. It because most people do not have any kind of discipline. They also can not control their emotions.

How much do people make trading FOREX

Yes you are right. Also we should choose pair that we understand the most. Every pair has some unique price movement pattern. Also it's not wise to trade too many pairs. We should choose a few.

why forex is so risky?

Yes this is the part where most traders struggle. Fear and greed control them most of the time. They become fearful to close a trade in loss. They become greedy as a result open big lots. They don't care about risk management and all.

Trading Tips

Yes it looks simple but in practical it's not that simple. Even a trader with good strategy can not make consistent profit because of psychological barriers. So it needs time to achieve discipline.

Making Money is Extremely Simple

Yes practice makes us skilled. But for practice we need enough knowledge about forex market. A person needs to practice until he knows what he is doing. He should know why he is opening a trade.

Practicing swing trading

Fundamental analysis is not that simple. To be good at fundamental you need to know about related counties economy very well. You can't just focus a few aspect of economy. You need full knowledge. For that you need to study a lot.

fundamental analysis for beginners

By this way you will not find any strategy or system. We need to follow trail and error methods to find a good strategy. We have to try strategy, updated it, customize it according to our trading personality. A strategy works for me may not works ...

Can you make money by simply flipping a coin?

Yes loss is a part of trading. We have to learn to accept to it. At the same time we have to follow risk management policy to keep our loss in a tolerable limit. Successful trading is the combination of good strategy and good risk management.

Learn Forex Risk Management & Deal with Forex Loss

Why would one give you time for free? Trading is not just analysis. You need discipline. A mentor can teach you what can be taught. There are more things that you need to be achieved by experience. You need to develop understanding about the market. ...

Another account blowed

A good trading course will help you to understand a lot of things. But it's not the everything. Every person is different psychologically. You have to develop your own understanding of the market. Alone a course will not help you to be profitable.

Training Courses

Trading is not just big investment and good entry. It's more than that. There are lot of things you need to know to trade with real money. You have to test your strategy on demo to find out winning %, risk-reward ratio, riske management and mind set.

How do you decide your trades?

Information and strategy are there but we do not have enough knowledge and skills to utilize those information and strategy. Most traders do not follow any rules. They take trades out of fear, greed and for revenge to recover loss quickly.

Why do we still lose?

Yes, you are absolutely right. They think they can make lot of profit overnight that too without having enough skills. As a result they keep losing.

Beginner Questions

Stop loss depends on trading strategy. You have to consider support and resistance level to place a stop loss. Also need to consider risk and reward ratio and winning percentage.

stop loss for daily

Exactly, I agree with you. A trader needs to understand the price. A charts can show us a lot about market movement if we can learn how to read it. It's more than just candlesticks and candles patterns. There are more in price.

Trading Knowledge

Yes learning is important. Along with text book learning, a trader also should focus on live charts. The charts reveal many secret that no guru can teach you.

No skill in trading!

I have learned that you need to find your own trading edge. No methods will work for you if you do not customize it according to your trading personality. You also needs to sharpen your instincts.

What have you learned?