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Well, the emotions like that which we should eliminated, also just like what thread starter said don't ever take the risk if you can't no matter what you expect after take that risk and this is not for HYIP but also for foreign exchange which also one of the high risk investment and job to do. If you afraid to lose money it is better to forget to earn in forex.

That is a good example and i will do the same for the time being. Tough situations will train us indirectly how we react to the market and how to stay survive. You can see this phase as the phase where we will learn about how to deal with the foreign exchange worst situation where everything seems messed up. If we have a good management we can stay survive and even recover from this tough situation.

So that is what traders need to know, also about the strategy which is profitable i think that is depend on the condition. 70% profitable strategy doesn't mean it will be like that, i am not really sure if that kind of strategy could exist right now since all strategies if we can use it carefully will bring us closer to 100% profitable rate.

I am talking about diversification here and based on my own view $2000 is not making much difference with that $3000. All back to the trader again about how they manage that money, and with diversification i can divest the risk to more than one place and make my overall investment under the lower risk, i know forex is risky but with that approach i think i can survive with that $3000.

Well you are right in this case, imagine that somebody can make profit but never stop to make profit, that seems absurd and i am sure that kind of company or a guy would be rich to take the whole world. It is not easy to reach this kind of state usually a veteran could achieve this and it is hard to maintain every profit we get the more we trade because of entropy.

Well since thread starter said 5 ways but i think there are more than that. More ways to make profit which means that more strategies or approaches to make it true. I myself see that it could be through technical analysis, fundamental analysis, sentimental analysis or even the combination between those three or those two. Also as usual risk management is playing important part here.

I think it is not good to compare HYIP and Foreign Exchange in this case. I don't know where it comes that it will reduce the risk drastically but forex is always be risky business, you can lose more than what you can invest and that is what any broker's claim on their site isn't it? Just realized the risk and understand how to reduce the risk to the lowest you can.

I don't know where do you get that but i think it is quite accurate and also still there are a lot of traders around the world which still use this strategy despite what candlestick strategy lack. Candlestick analysis is a strategy which has been passed the test of time since its invention and its rediscovery and also applied not just in forex but in stock too.

It seems i would do the same especially if that is my mistake where i ended up losing my money and in the tough conditions. Survivability is the most important one. By spend smaller lot size i still have chance to make profit but at the same time lowering the loss, i prefer to earn less and gain less risk rather than bigger risk for bigger profits.

It is possible but as you said require careful attention, if i have that much i will still do diversification $2000 for Forex while $1000 in PTC site which proven to be paid and has quite good ROI such as Neobux. Diversification is the part of risk management and doing that wisely will bring more fortune rather than misfortune.

They are more like delusional rather than serious, forex is not playground this is a multi trillion market where all people are trying to speculate so they will make profit. It is also not gambling, all moves because of the psychology of all traders around the world which react to the condition and report of the current economy's of some influential countries.

Yes i do agree with this, the daily profit is possible and also talking about losing money as long as our profit overcome the loss that is not a big deal because forex is risky business and lose is actually what we must prepared to face no matter what. In fact a lot of traders are happy with their overall result not just by one result.

You seems misread what thread starter want to say, he has valid point such as that you actually don't invest in a company but in a country. You deposited by IDR and get USD means that you are confident enough with US economy overall or when talking about trading you prefer to long EURUSD means you have confidence to EuroZone economy.

You can find a lot of news or fx education site which implied how important is stop loss but they still don't care. Not all don't care but there are a lot of them. And about the last reason i agree with it, some trader have their own strategy one for the example is carry trading strategy which even doesn't require much attention but with SL you may screw up the plan.

You can do that? The fear will be exist no matter what well and some traders experienced it including me and maybe you. From what i see up to now i trade in foreign exchange is that trading without any kind of emotions is impossible, but to control it actually possible where you will put the logical analysis above the feeling you feel or the guts you have.

I still prefer Moving Average which is better in many aspects and don't worry that is not the only indicator which i am using right now, because there are some indicators to accompany me such as Stochastic and RSI. When just use one indicator people usually mislead their own analysis, but with more indicators that would give a clearer result.

I start to think something like this too recently especially after trying to reviewing more of you earlier trading journal. The feeling of emulated real trading is true, that is when i learn how to control emotions, and stay cool. Don't following greed when see the chance but instead focusing on the strategy we have before.

Of course everyone want to get profit and profit, nobody in this world want to lose and with experience we can really accept to lose our own money. Greed on the other hand is truly harmful emotions, well not that harmful on all cases but in most cases, greed is the only emotions that could lead you to lose.

No risk behind if because forex demo account is virtual account and we don't have to worry about that too. It is a well-known knowledge that demo account have that characteristic. Everyone probably start their first trade in demo account, because they want to train in order to be a more proficient trader.

But you still need a profitable strategy, what is the real need of defense if you cannot do a counter attack? Both needed at least in my own view fr now. Luck is out of the topic here but if you talk about it, that is good but not so good, i also agree that it just play small parts of our life as forex trader.

Yeah i got what do you want to say that is totally make sense, that is because the inability to make profit and instead reflected to their own performance, they prefer to see that the market or broker against them and cheated them. I can say this is quite normal but harmful act, should be changed through a better education about forex.

It would be good if we could be wise when we use EA for trading, the chance of losing with using EA is pretty big and also if you don't learn how to control your emotions you will ended up losing more, and since it is uncontrollable to some sense we need extra care. Use EA when the market is not so volatile but still have some movement.

The accuracy could be higher but it still posses the uncertainty, the market will be moving depend on the supply and demand which actually for many retail trader is not a visible variable where the trading would be easier if that is visible for all traders. Forex is for you if you know the risk and want to make money from it especially through that risk.

I think when we are talking about easy or not, that is depend on the condition of the trader if they want are ready enough to trade in forex, many traders around the world trade everyday make it just like this one is their daily job and i don't see any problem with them, it seems that they don't think this job as hard one but they are still prepared and aware for all the consequences.

Even if you understand how forex work doesn't mean you can earn money from that platform. It requires experience and proficiency. In order to be a good trader you must practicing your skills either in demo account or real account. Also you must have money as the starting capital without it, life in forex would be like hell.