Keep practicing and keep your emotional side away while trading. Trade confidently, with patience, you’ll yourself keep exploring ways to earn good profits here. Good luck!
1 Like
When we keep trading and learning from our mistakes then our trading will start to improve a lot.
2 Likes
There are further factors which are associated with a trade like the spreads and leverages offered by the broker. I have risk taking capacity so I have chosen Fxview and XTB due to the high leverages. High leverage CFD trading is very beneficial to you but only when you know what you are doing in the markets.a
1 Like
I agree Peterpaker, leverage can get high returns especially when the margin associated with CFDs is quite high.
1 Like
Here are some tips- Use a trading plan, always put stop loss, Manage risk consistently, stay focused and avoid big losses.
1 Like
You have summarised the most important tips for any trader. Nice one!
2 Likes
Thank you Aliz! 
2 Likes
The best thing that you can do to maximize your profits in the forex market is to dedicate time in learning. When you know what you are doing, it gets easier for you to make decisions. Try demo trading before you go live because this will help you understand how things look when you actually go live.
1 Like
Strategy, statistics, money management and psychology. Absorb as much information you can on these subjects, I reccomend psychology first, it takes the longest but better to start now unlike me where it took me years to actually investigate the psychological aspect in detail.
1 Like
Discipline is very important in trading. Never lose hope in the beginning because it takes time to understand a few things so just keep going
1 Like
In order to be successful in forex trading it is important to have proper knowledge, good planning, and patience.
1 Like
There are as such not guaranteed tips that will make your profit grow. You got to practice a lot and keep testing your strategies till you find the one that works the best for you. Demo trade for a good amount a time and then shift to a live account with a deposit not more than 500 dollars.
1 Like
The best tip I can give you is to check the Education section here on Babypips. There is a lot of information there for newbies (and experienced traders, for that matter), that is systematized and concise.
1 Like
As I always tell new traders:
“Protect against loses and the profits take care of themselves.”
Be consistent with the strategy you use and make sure that you implement it
If you hope to have any chances at profiting from forex in the near future, one of the best approaches is setting your expectations as low as possible
The best way to maximize profits is to use a proper strategy with a reliable broker and be consistent. Take certain risks with high leverage but have a back plan as well.
Hello, you need to know the strength of your trading plan. Use a demo or cent account and trade for one month. At the end of the month, calculate your win/loss ratio. The win must by bigger by more than half.
As a beginner you should not be really thinking about making profits actually. Follow the right strategy and success will automatically come to you.