PROPENSITY100

Yes money management and risk control is essential to survive in Forex and make money in it for years to come. Without proper knowledge and experience Forex is highly risky and a trader can easily lose all his resources in it.

That's why learning about the basics and then the intricate details is important in .Forex trading. Without knowledge and experience Forex is very risky and making money in it is highly difficult. Learning and dedication are the success mantras in Forex.

Yes during my initial days of trading I also thought Forex can give me unrealistic results and always opted for maximum leverage of 1 : 1000 at instaforex and 1 : 2000 at exness. However soon I realized the need of discipline and risk control after incurring losses.

I think to know properly how a Forex broker is doing we should read forums and reviews about the broker by other traders. Usually this give us more accurate information because if a broker is not processing withdrawals then other traders would definitely let the world know about it.

In my view Lack of knowledge or lack of control over greed and other emotions are the two prominent causes of losses in Forex. Thus a trader should acquire proper knowledge and develop good control over emotions before starting to trade Forex.

Learning can enable a trader to make profits in Forex but I do not think its wise for us to expect triple digit profits in just 30 mins. Forex is not an easy source of money and this expectations are just greed and never fulfilled in Forex trading.

If we manage to come to the top then we receive a prize in a demo contest. However demo contest does not give us an opportunity to learn or practice Forex trading but we simply gamble to reach the top position.

Brokers usually charge their services in the form of spreads and do not take any other commissions or account opening fees. However some brokers also try to take advantage of the losses from our trades especilaly dealing desk brokers.

Its true that its not the deposit but the knowledge and skills that enables us to achieve profits in Forex trading. 10000 $ in the hands of foolish traders will become 1 $ in a few days while 10$ in the hands of knowledgeable and skilled traders will become 20 $ in a few days.

Reading and analyzing major economic news and events regularly is essential to achieve success in Forex and maintain this success for a long time. Major news has high impact over the currency pairs and if a trader is ignorant about the news than he can witness severe losses.

Forex is definitely a potential source of income for a person who makes efforts to learn and practice Forex. More people are realizing this fact and getting attracted towards Forex trading making it the largest financial market in the world.

A lot of learning is essential before one can start earning in Forex. Without proper knowledge one can lose his capital in Forex trading in a very short span of time. Day trading or long term trading depends upon the market conditions and trading strategy used.

I do not have daily targets but I have monthly targets of 30-50 % returns on my capital. I trade only when i see some good opportunity in the Forex market and avoid becoming a victim of trading addiction.

Developing good plans and strategies and sticking to the plans is crucial to achieve success in Forex. To develop good plans we need to have thorough knowledge and experience. Without planning Forex is simply gambling.

I often heard that for every winner there should be a loser in the Forex market, Then this would mean that the number of losers and gainers should be equal, but the statistics show that the losers are far greater than the gainers. then where does this excess money go.

Forex is gambling if we lack proper knowledge or aim to triple our money in a day or two.Its undeniable that Forex is a risky and uncertain market though with proper learning and understanding we can increase our chances of making money in it.

I am a bit slow poster and though i have joined this forum about 45 days back till now made only 115 pnts. However by next 30 days I hope to reach the 500 pnts and request my first payout there.

Displayed Username : PROPENSITY100 Amount To Request (DMT points) : 171 Payment option Liberty Reserve ID : U0530431 Thank you Admin and Yogesh

This is nice broker and the withdrawals are also reliable and timely usually with 4 hours. It has the following benefits. 1. Low spreads which do not increase much even when the liquidity is very low 2. Fast order execution and no slippages 3. good customer support

Exness actually make me surprise because it has many features which can attract a customer. 1. Instant withdrawals 2. Lowest spreads in the industry 3. It allow almost any conceivable strategy including scalping, hedging, news traading 4.a leverage of 1.2000

Date: 02/21/2013 17:16 Batch: 132589741 From Account: U0990758 (DMT and MTW Account) Amount: $2.00 Memo: Payout from DMT,Enjoy Posting at forum!!! Thank you. 02/21/2013 16:56 Batch: 132586553 From Account: U0990758 (DMT and MTW Account) Amount: $2.2 Memo: Payout from DMT,Enjoy Posting at forum!!! Thank you.

Stop loss is a vital tool available to a trader to manage risk more efficiently. Stop loss can save us from a severe loss. However stop loss should be used judiciously and efficiently placed otherwise it can close a good order with a loss.

I think Its now easy to learn Forex ourselves with lot of information and free webinars available on the internet. Previously these academies where more necessary when we did not access to large information like it is today.

Lowering the leverage actually decreases our profit making capacity in Forex and increasing the leverage makes our capital more unsafe. thus a trader needs to chose his leverage very judiciously. I usually prefer a leverage of 1.100 or 1.200 but not more than this.

Developing a good trading plan is achieved through knowledge and learning but applying our plans and sticking to it is also equally hard and requires discipline and emotional control. Therefore to succeed in Forex we need knowledge as well as discipline.