Now that you know all the essential requirements of the forex trading business its high time that you try to change your way of approach towards trading and implement the rules which will help you to make a better trader.

Why are most of the traders here failures?

EUR/USD, GBP/USD is what i have tried a lot and it does hold well in the support and resistance level and thus one may try to trade in these currency pairs to play technically.

Top currencies that gives clear price action

I think that its too late now to short the AUD/USD because it has almost reached too much low level and there are all chances that it may bounce from this level. Thus, better to avoid taking such irrational decision.

Let's make a big bucks, short aud until it dead - 0.6???

I feel that one should always keep the trading simple to make good profits because usage of more systems or more indicators will only lead to further confusion and thus the traders may end up in losing trades.

Trading Made Simple

If you are able to consistently make such number of pips with the scalping then you have mastered the scalping technique which is suitable for your trading style. Just need to have control on our mind to master scalping.

Daytrading/scalping with high leverage - my proven strategy

Confidence is very much important for the traders so that they can take up the trades which has high probability for winning and allow the trade to run for long time in the market to make pips.

Price Action in Day Trading by Dadas

May be he is just indexing that he would follow the trend to take up the trades so that he can make quite a lot of pips and buying in the dibs is good option provided its the strong support which would bounce and give more pips.

The DIBS Method... No Free Lunch continues

EMA's are good to some extent to determine the trend and to plan for strategies which will bring some sure profits, but this is forex trading business and everything goes with the probability.

D1 - 20 EMA & 50 EMA

I have been using fxopen since very long time and i have very good experience with this broker. They have added security like the ewallet and then the trading account. The withdrawal do happen within 24hours which is little long according to me. If ...

FXOpen AU Discussion

I just love their withdrawal process which is almost very much instant. This is the key attractive feature of this broker.

ExNess

I have had good experience with this broker and the trading was good with lower spread rates, earlier i hated their withdrawal system which is better now by online withdrawal process.

HotForex Discussion

Well the best ECN broker i have come across so far is fxopen-ECN which is good according to me. The others which i used was hotforex with good tight spreads.

Who is the best ECN Broker for large deposits & volumes

I really have no previous experience with this broker, but for the reason that they are the market makers am staying away from it. But if their withdrawals are fast enough i would really consider this broker for investing money.

Alpari.co.uk Discussion

I feel that even if we are obtaining 100 pips per week which amounts to 400 pips per month on consistent basis is very good achievement to become a successful forex trader to make the living out of the forex trading income.

How many pips does a "successful" trader collect weekly?

Demo trading allows the trader to practice the trading without having to waste their own real hard earned money. Thus, with the help of the virtual money in the demo account one can learn and master the forex trading business.

Is demo a step before real trading?

Getting rich quickly should not be the main aim of the forex traders, because if we have good knowledge regarding the forex market then for sure with good account management we can make hell lot of money. Take it slow and grow bigger.

Can you get rich quickly from forex trading?

I have been using this system called the sure forex system which makes use of MA 89 period in the M15 time frame and most of the times when am trading using this system with slight modification from my end am able to make profits of upto 50-75pips.

GBP/USD

The most of the traders are failures because they have some really very much unrealistic and unreachable target set by themselves which makes it difficult for such traders to reach their goal and thus end up being failures.

Why are most of the traders here failures?

Now that you have rectified the problems yourself which you have listed down so clearly, its time for you to act on those problems. Like in case of emotions try to control your emotions and don't let them rule your mind. Do not be over confident, ...

My mentality - my problem

Very much true, not only for the traders health is wealth for all the people in the world and thus one should always first concentrate towards their health so that they can enjoy the wealth which they have gained.

Health is wealth in a trader's life