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EURUSD sellers have upper hand for the last 3 days in EURO. Now it's approaching a crucial support area of 1.6340. Below 1.6340 more selling will take the pair to 1.1630 and 1.5950. If the pair takes the support at 1.6340 then we may see a profit booking in shorts but it can be a temporary...

Knowledge is the first step to forex trading. Gaining the theoretical and practical knowledge and skills and practicing it with discipline is the most important tool in trading success.

yes mate that's what i said. demo LACKS emotions. it is a helpful tool for a newbie but most of the traders faces similar issues while switching to live account as it involves real money hence real emotions.

demo trading allows you to sharpen your trading skills, test your strategies and learns from the virtual losses. It is an important tool but it lacks the emotional quotient which comes with the real money. This is where live account marks its importance.

Agreed! Brokers are crucial to the success of a trader and should be chosen with utmost care. Well I feel choosing a broker depends upon our trading requirements. I would like to go with an ECN broker offering low spreads and no slippage. I always advise traders to test demo with any broker...

Well I feel copying signals in forex do carry profit potential but it all depends on how clearly you know what you are looking for in the forex signals service. Other important thing to remember while copying signals is emotional management which is a stumbling block for traders. Also it is...

I traded with oanda for a few months. They were good initially. Execution was good .spreads were reasonable. But then weird things started to happen. Their spreads became widened abnormally sometimes even during the regular hours, No news-break! No event! Also they created a lot of problems...

I have tried many brokers in my trading career- oanda, fxcm, hotforex. Currently trading with an offshore UK based FinPro trading. One thing I like the most about them is there speedy execution of trades. No slippage! Also they offer tight spreads in reasonable commissions. I think they can be...

Well it depends upon person to person. If you wish to adopt trading as your primary career you sure can. But you need to be dedicated enough and should be well versed with trading basics. Know how to manage your risk and emotions efficiently. Forex indeed has a lot of potential but there’s also...

Even I prefer forex trading as it’s a 24 hour market and is highly liquid.

Forex robots can really be helpful and can generate huge returns for the investors. Just remember that Forex robot is based upon algorithms if they are right and it has the potential to deliver profits then definitely you can trade with forex robots.

Well initially I might have. But then I learnt that those who are successful traders now, were also once disappointed but they looked for solutions to overcome the frustration and disappointment and focused on developing a system to improve their performance. just trying to follow the footsteps!

Yes traders can benefit even out of losses if they stay positive as they get to learn from their mistakes and find a way to get better results.

Well I never get disappointed with the losses in my trading because that's one inevitable part of trading. Every failure teaches us a lesson on how to improve your trading style and what more could be adopted to get better trading results. Trading has always kept me happy.

High volatility generates higher profit opportunities but it also carries high risk. With a proper risk management system it can bring profits to the traders.

Agree with you mate! One needs to follow a good trading strategy and take calculated risks. Confidence backed by greed can take you nowhere but to the roads to ruin your trading career.

When you began gaining success in Forex, you win one trade after another. It boosts your confidence. But after some point you feel be over confident about your trading and always expect to win. This might create a trouble for you. You may start trading recklessly, neglecting the trading plan...

thanks mate!

Absolutely! Forex markets are very fascinating and interesting in theory, however when you actually step in to the arena of trading you might have some different experience. Jumping into the Forex trading without possessing enough knowledge can prove to be very dangerous. You can end up making...

Generally larger time frames help us to see the bigger picture. I like to trade on H4 or D1 time frames.