Imagine how cool it would be if you could go to the future and see how your choices worked out? Like, anytime you have a decision to make, you just ask your future self: "Dude, was it a good idea?"

Guess what? It's possible! Well, not the future self part, but knowing how things work before you actually go for them. If you want to know what your conversion to trader might be like, just check out these insights from traders who've been there already.

Answering this question, it is very important to mention that there are two main communities among traders – one that believes in forex forecasting and another one that doesn’t.

Most traders agree with Nicolas Darvas, who is known as one of the world’s best traders and the author of the book "How I Made $2,000,000 in the Stock Market". He is strongly convinced that analysis is much more useful than forecasting: “I believe in analysis and not forecasting”. Analysis can’t be ignored for sure, but what is about horoscopes?

Many fresh investors turn to Forex market in hopes of making a quick fortune. Unluckily, the prevailing majority of these individuals fail to turn a significant profit. This is due to the fact that to succeed in Forex market, you need to have a clear trading strategy the best matches your personality and your trading goals.

Forex traders apply wide range of strategies and techniques to determine the best entry and exit points—and timing—to buy and sell currencies. Market analysts and traders are constantly innovating and improving upon strategies to devise new analytical methods for understanding currency market movements. Below are described three major types of traders and strategies based on the most resounding and stunning success examples.

Many traders show great results on a demo account but fail when they start live trading. We made a full analysis of this problem and selected 4 crucial steps, which will help you switch to live account as comfortable as possible.

1) Trade Like it's real

When you know you are not trading with your real money, emotions are much less involved, and you can make all the possible mistakes. It is dangerous because everything you do on a demo account becomes your habit. When you open up a demo account, forget that it is a “demo” account.

Treat it as a live account with your real money in it. Enter the trade with a strategy, plan, risk management and etc. Your demo account's size and leverage should be exactly the same as your live account would be. Do not open a $50,000 demo account if you plan for a $1000 live account.

The world of Forex trading is full of complex terminology, and currency pairs are no exception. While most traders are familiar with the standard currency pair names, there are a handful of secret nicknames that have been used in the industry for years. These nicknames have their origins in different contexts, such as historical events, national symbols, or even animal references.

This article will explore the stories behind the nicknames of some of the world’s most popular currency pairs.

Quarters. Typically, people consider them small shiny coins we can swiftly throw into vending machines or parking meters. However, some of these little everyday helpers play a much more important role in the numismatic world, holding a hidden and significant worth beyond their face value.

Understanding the value of certain quarters is more than mere curiosity or the interest of collectors. It carries practical significance for all individuals. For collectors, recognizing the worth of specific quarters can help build a valuable collection, potentially turning a hobby into a profitable investment. For the layman, however, uncovering the unexpected, actual value of existing rare quarters may become outstanding discoveries that could alter their financial positions.

Whether you are a purposeful collector or intend to sort out your coins or purchase rare quarters as investments, this article will be helpful.

A lack of money management skills can cost you everything you have on your trading account – even if you are good in everything else. What can you do to enter, stay, and profit on the market through money management? Read on and see.

It’s not always easy to predict which way the market is moving, even for an experienced trader. How do you choose the right time for your trades, and why is it important to consider the burst of traders’ activity?

We all know what mistakes beginners make, but what about pro traders? Sometimes experience comes at a price, and even the most proficient traders can fall into a trap. We gathered some of the most common mistakes of pro traders.

#1 Overtrading

Some traders may trade too many positions at once, that exhausts available margin collateral, reducing cushion against adverse market movements. And also when you trade too often, you always have an open position and are constantly exposed to market risk. To avoid these mistakes, it’s better to focus on opportunities where you think you have an advantage and apply a disciplined trade strategy to them.

Once you start trading Forex, your life will never be the same. After a little while, people would stop understanding what you talk about with your trader friends. One day, it’s just your Forex fellows who understand your jokes and share your pain. Here are 5 things only traders can relate to.