pepy

Worst? Why it should be the worst? I mean it is quite stable well MT4 more stable but if you also interest in the newest one then MT5 is a good choice, some menus may change but overall you will feel that MT5 is actually just like MT4. Nothing much change except the programming language.

Sound memory? I don't know what is that but in fact mental is an important part of foreign exchange trader, without mental you can easily quit forex and imagine how many people loss from big amount to small amount and if they don't have a strong mental capability to handle those stress, it would be a disaster for them.

Babypips seems legit and that is why many people want to go there, also the way they presentate about forex is nice. People surely will follow there and make sure that they get a lot of knowlege from it. Just to make you sure that it is one of website where many people prefer.

So small profit isn't a big matter, right? People over the world struggling to make big profit and forget that there is another day for tomorrow, small profit is better rather than sorry later. I know 0.xx isn't that big but how about lose 0.xx which is better? Gain or Lose? I would prefer gain even small even actually big gain is what i am looking for, do you agree myregister?

I do agree with you, nevertheless many people still want to earn from here but it has many advantages i mean it is flexible enough, well it is high risk but still worthy for someone who love challenge and someone who want to trade based on freedom. This is why forex become popular even still risky.

It will be always be popular as long as someone can see chance here, also think about it this is one of the business where the business barrier is so low. The others have high barrier but this one with low capital, big margin, high volatility, offers what people want(profit) and that is why people come together to invest and make money here.

Forex is not safe it is risky, you will see the disclaimer below of each broker that say you may lose more than you can earn and this is what many people think forex as gambling. Binary not as safe as forex it is just the same, the concept of Binary is a bit similiar to forex, while what i want to say here is that in binary you afterall predict the future, that is all.

I can say demo account is crucial just as you stated gaban. Learn is the most important phase because it is what decided that how kind of trader we turn out to be later, also to be exact the process of learning from foreign exchange trader won't stop, it will keep continue even you still earn some bucks from this market.

Yes, as we know the advantages are flexible trading time, means you don't have to stick with some hours just prefer which one that is most suitable for you, you also able to invest in relatively smaller capital since in my country to invest in stock it is common to have at least $1000 to invest while in forex you can invest commonly at around $100.

Mentoring is stil necessary for our progress, well at least you can get some glimpse and have someone to control you. Within yourself it is going to be hard to control what we learn. Usually in many cases people who have mentor will have better control of their learning despite of its result.

My bad then buddy, but to be honest fear is really bad if you consume by it. I 've felt it many times and no just for few times, many times i must lose the chance to make a turnback or making profit because of that. But as you said the fear might be a good thing for trader to reduce more risk.

See, i think it is something that we should reach the conclusion and it is very easy to reach it to be exact. Swing trading is popular in forex because just with one position you can get hundred pips compared to scalping where you know only reached at most 20-40 pips with one position but in relatively shorter time. Swing need higher frame because it usually hold its position for more than 24 hours.

Scalping is really profitable only if someone can do it in the right way not from the bad perspective. But to be able to master scalping then a trader need to experiencing scalping and of course the best place is demo account but the real pressure is different than trade directly in real account.

But we as forex trader should thinking about the possibility of loss and this is what we called as risk management. People who spend a lot of money without thinking of maybe lose more money isn't a good example of trader, and in forex risk management is the most important thing, it is like as long as you alive you still can climbing to the top.

Consistent = Profit/Loss. You get me? Nope? Well, if you consistent it is either loss or profit. Consistent Profit for sure is good thing many people would love it including me but consistent loss? No one want to ever faced that kind of thing. To be a consistent trader in this case a good way(profitable) you must keep practicing so i agree with Original Poster, that practice still needed to be consistent in order to obtain more profit.

Dailyfx? Well that is good i also use it but as one of site from the other 2 which are ForexFactory and Beritaforex. Well it seems our way of trading is the same because i get that way from internet too and still see it is a good way and more relaxing also you don't have to be so greedy with that way, just arouund 2-3 trading or even you don't have to trade in one week. But i don't listed to forex news station if i get much money i would but free site that offer economic calendar already more than enough for me.

A trader should never do that, it will just lead to more losses or woriness rather than someone become a better trader and focusing theirselves to keep doing the best. That is just normal since you are using money which is actually the money that come from your own pocket or the money you should use for something more important.

It is sure a risky business, not to mention it has a lot of problem with the market especially when the uncertanity is quite big and people are rush to take an action. In my mind, forex is risky but it also open more potential for us it is now up to us to decide to take that opportunity or not, to make ourselves more profitable than ever.

Why they should leave? just because they don't have confidence it doesn't mean they cannot invest in forex, remember we are talking about PAMM. In here you can act as investor and not trader, with this common logic you don't even need to trade to earn, but remember choose pamm manager is actually quite hard.

Well that is a common advice isn't it? People start from demo account and then turn to real account later which is totally acceptable. Also if you don't have any knowledge and experience but start directly in real account, that would be a foolish action. Never ever invest if you still on that state.

Yes, as long as somebody make profit from it then i think it is not such a big idea. Profit is profit no matter how big or small it is. Well of course if we have to decide which one we choose between big profit and small profit, all of us will choose big profit but small profit is acceptable because at least it is a profit not a loss.

Technical means it is technical trading, that use technical analysis while fundamental means use fundamental issue of decide an economy of one country, in this case news for sure it is a report like Unemployment Rate or CPI which measure the inflation. I see Fundamental makes more sense in most cases, but it doesn't mean you must disapprove technical analysis, use it when the market is volatile and correction is one of the most powerful tool for me when use technical analysis.

Your post make a sense to me, i see some grain of truth there. It is not an easy job to do forex and surely will affect the way we think about money and also the way we think about making profit. But one of all i agree with you about how our daily life will affected like waking up in the dawn to check our account or even must stay awake up to 2 AM or 3AM like you said, but one thing that i know is sacrifice, forex affects my life a lot and make me know about that.

Risk cannot be eliminated, because it is the heart of forex itself and you must to think to lower it by avoid it. I know focusing ourselves into how to make profit by doing analysis is a good idea but risk management which lowering the risk is important and tied closely to make profit by doing analysis, you can't separate it.

Well i agree 100% with you dude, but can you tell me what they should think? I mean people involved theirselves in this high risk business because of their motivation to earn big bucks isn't it?. I now think that is okay to think about making money in forex or making profit as long as that is in realistic number. As newbie with small capital(around few hundred dollars) don't expect to earn $1000 per month but instead expect to earn maybe $20 or $50 at most for example.