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Not the final words but still give a safety feeling considering the broker you are using right now is well regulated especially in strict regulators. The bad part of too much trusting is exist too but for me if you trade in a well regulated broker you won't find much issue later and overall you will feel safer compared in buckesthop broker.

In fact that is a great achievement if somebody able to do that. You can make less pips but because of that you need to spend bigger lot size. This maybe one of the solution to lower skills' requirement but still able to reach the same amount of profit or even more. You just need to choose between pips or lot or you can choose both to increase your profitability to the greater degree.

So that is the problem, right? Well it is not easy but a possible thing to do. If you only want to do a search then please search it, it is just the matter of willingness from you to access all the sources from internet. I do recommend to spend at most one month to find the most suitable teacher for you. You can find it anywhere on the web.

You must have bigger capital if you want to survive with no loss strategy technique. It is basically hedging with different brokers. I do recommend to have around $5000 as the minimum amount for each accounts but from my own calculation(well i am not experts ) it is recommended to have around $10000 per account, so the total is around $20000.

There is no way to eliminate the risk, if you are a trader and you trade in foreign exchange you must accept the risk itself. By embracing the risk you may realized that it is okay to do that, and embracing the risk doesn't mean that you will easily lose instead you learn how to control your loss.

That is a good idea for all people who curious about this issue. Still i suggest forex even ideally you should try them both if you have enough capital to start trade in both of the markets. FX win in leverage matters, that helps newbies a lot. It is one the reason you can see a lot of traders are able to trade with less hassle.

Yes i am totally aware of the fact. But you cannot put technical analysis aside, that is important too and has been proven by lots of traders including me, even not 100% accurate just like what we expect for. So by combine both you can get the best of the worlds, and it is the matter of looking the right "spot".

My problem with gap trading at the moment is how do we know? Is that really accurate? The profit surely decent and some people able to reap the profit more. Gap appear usually at tokyo session i mean the opening, but it is hard to realized what kind of gap happened, is that bullish gap or bearish gap.

Or you can apply RCB to someone who want to follow you as your own referrals, or you can form hyip syndicate which i see mostly effective against the scamming of HYIP. In forex, it is us who decided what is our future but if you failed to choose the right broker, i think it is useless because scam brokers is exist out there and hunt more new traders.

This is why many traders love it because it has many variations, from the simple formation to the complex and more advanced formation. As for the result mostly traders who depend on candlestick to analyze the market said its rate up to 70%. I don't know if that is true but seeing they keep sticking with candlestick formations, it seems true.

Unrealistic expectation is a great killer, i've been see a lot of traders shattered just because their reality don't meet their expectations. Harsh reality wakes them up and suddenly they scared to invest more and even worst quit forex and think it as a scammy industry made for newbie like them.

Sure business is related to money and that is what business always be. In this case forex is where we try to speculate the money or to be exact currency. In order to survive and don't quit this job you need a strong mental capabilities to handle the stress and also to overcome any limitations.

Gamblers won't survive or even struggling at all in foreign exchange, but traders will and always be like that. Becoming a foreign exchange trader in forex means that you must act as trader who able to manage the risk and make decision based on reasonable and logical and with less guts or feeling or guessing. If we see the top traders they are consistent traders and not pure gamblers.

There is no rules about this, in fact the market is not always calm during evening in my GMT session not midnight. It is pretty much fluctuate especially with New York session and London Session overlapping for few hours. Scalping is better at calmer market, but still show its volatility.

Pretty much important for traders, not all of us realize this but stop loss is life saver in most cases. I said in most cases, because there are few cases in my career so far that Stop Loss more like a hindrance but that's just minority. In most cases(90%) are life saver, since it delegates controlling the loss problem but you need to be careful with a broker which usually hunt yours, not all brokers but they are exist especially in bucket shop broker.

I agree with the thread starter, as traders we shouldn't ever mix emotions and forex trading especially when emotions overwhelm our trading, that would be so much pointless for us to trade if occurs. The best way to avoid it only by practicing in real account and in demo account. There is no shortcut for this emotional control skill.

The advantage for sure you will be able to get some bucks but the disadvantage is that you can lose your money relatively quicker more than what you ever think before. So to make sure that you able to survive don't aim something which out of your reach, reaching the optimization is what you need and mostly traders need less than what they think.

Yes fundamental indicators are pretty much accurate and reliable tools but it is based on momentum and sometimes rumor. In few cases, it doesn't work but when news appeared usually it has high accuracy at least for around 4-5 hours. Technical indicators are not that bad, it still give some consistent result too.

If you are trying to make forex's look like a gambling i am really sure that you will regret it considering that the fact foreign exchange is pretty much risky job and make it riskier only leave us nothing. Throw that kind of mindset and start to learn how to avoid or to regulate it with a proper risk management.

and also if your traders, i mean the one who trade under your own company are an exceptional traders or at least they have like more than 5 years consistent experience to deal with foreign exchange. Tedious and Dangerous is the right part, but if you are scalpers i think daily profit trading still possible at least within a certain timeframe.

I don't really get what do you mean here, but education to me is the material that you need to learn and become your knowledge, but cut the garbage i think that luck is playing minor part to our career and one cannot rely on that too much, Experience on the other hand is the best teacher so rely on both your knowledge and experience that will change your career's course.

Even like that it miss something which some traders also able to emulate, the feeling of trading itself. I mean if you lose money for real and you lose virtual money will affect you differently, right? With virtual money your emotions don't stimulated but with real money, the feeling is real thus indirectly and directly train your emotions control.

Commodity trading has been used like thousand times by other forex trader as backup and the most popular one probably is Gold trading. It could be use as hedging and long term trading. Sell at crisis buy when the price trying to hit low. Stock once again is a good option but it has been common secret for all involved in financial dept.

Yes it is important to keep our head calm, in all situation if possible. But to trade without emotion is pretty bad thing to say considering that we are humans. We just can control it even we learn we still find at least once that where we cannot control emotions and suddenly burst it out make us lose more but if you apply a strict risk management overall you are still fine.

Well let me do a recap here. MT4 is overall better than MT5 because MT4 has lower requirements, just work system, full of work and good EAs also other indicators. Last but not least, meta trader 4 platform supported by hundred of brokers around the world from bucketshop to a well regulated broker.