COVID -19 introduced people to different ways of making money online, and forex trading is one of the excellent ways. From my experience, I would say only those people survive here who study regularly and update themselves to the market’s needs.

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Imo, demo accounts for practice purposes. But if you want to learn and make money, you have to trade in the live market. You can go back to demo trading whenever you want. But you learn when you take risks.

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RSI is the best. But CCI is not bad either.

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That’s interesting! I had no clue about it.

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The Martingale Strategy is commonly used where there is equal chance of winning or losing. It is potentially profitable. However, the risk-to-reward ratio of the Martingale Strategy is not realistic. When using the strategy, larger amounts are spent ...

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Hi, welcome to the trading platform. Please feel free to ask anything. You can explore educational related threads. You will get plenty to learn from there.

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Crypto is more volatile. It is still a new market and growing, which can make it highly unpredictable. If you’re looking for a less riskier option, then you can go with forex. Though it has a high volatility, it is a well-established market with ...

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Indeed! Although demo accounts are not mandatory, all traders should spend a few months there and practise. Your first job is to develop technical trading skills and demo accounts are perfect to build them.

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My recommendation - As a new trader, your first task should be to learn things. So forget about the money for a while. And devote a proper time to learning skills.

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Exactly! You can’t survive in the market if you don’t have skills. Build them before actually taking a risk.

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All true! Emotions are an integral part of trading, and you can’t win if you make decisions purely on the basis of your emotions. Trading is about facts. Fear or greed don’t let you see past them. If you want to be a profitable trader, you have to ...

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Yeah, a couple of drinks haven’t done any harm to my trades, so I often drink and trade. PS - Too much drinking and too much trading is injurious to health!

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You can’t blame the market for your losses. How much you win or lose is the outcome of your trading actions. However, sometimes the market can be highly unpredictable. But it is necessary that we trade cautiously, with proper risk management and ...

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That depends entirely on the trader & his/her financial goals.

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It is random and it is profitable if you trade with the right trading strategies. If you believe in any other thing, then you are probably trading with a wrong mindset or don't have enough knowledge to make profitable trades.

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“The Psychology of Trading” is one of the best books on trading psychology after “Trading in the Zone” by Mark Douglas. The Psychology of Trading by Brett N. Steenbarger provides a mirror into the mind and scientific knowledge about psychology ...

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You can become a full-time trader if you are trading well part-time. So track your performance. Full-time trading can also be stressful. Make sure you are mentally prepared too.

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Right! Volatility is both an advantage and disadvantage to traders. Traders should avoid pairs with high volatility. Major pairs, like EUR/USD, USD/JPY, and GBP/USD, make excellent pairs to trade. When you are starting, it is better to stick with ...

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Try AlphaTrends. It has pretty good content.

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Babypips, Investopedia, The Balance, and YouTube are good sources of forex information.

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