RodWell

I think that our experience in trading is the most significant to find other learning we will have in forex. Not all knowledge can just be found in only the reading but also when we do or implementation and application of such. It's the hands on learning where we usually understand more the market that we can't write down or explain well.

When we have enough experience in forex then i think we can spend our time as professional trader in forex, if not then it is better not to spend your time for nothing, I mean spend your time for what you need in forex, when you are newbie so you will improve your skill efficiently.

I see that trading plan is the difference between being profitable or not which is why its actually very important have one if you want to increase your chances or being profitable. Without one you are unlikely to make consistent profits out of your trading and therefore would just encounter losses along the way.

About me I see that there are no shortcuts to success in forex. The best and the most important way to earn in forex is through complete forex learning and through continuous forex practice to make our trading skills are better and more better.

Well, in forex trading, we will not simply have to trade with the capital in our trading account but to understand our different emotions and how to manage it properly during our trading. So, this is important because of the interference in our decisions and trading, although this is not simplest but the only way to proceed on strengthening our trading strategy.

The slightest chance that we get every day should be utilized as well as possible especially those of us who only have a small capital which is not possible using a long-term strategy to gain huge profits must be smart to take advantage of existing opportunities, however small profit we get every day, but with persistence and patience in the end we will get maximum results.

Indeed there is incorrectness of your words, for a newbie who does not know the true meaning of the forex they can say that forex trading with gambling, where we put our capital in a position and then wait to see if we win or not, it's the outline for newbie do not know the true meaning of forex.

It will be not easy to trade even in one pair because, we should learn the pair and it's relationship in other pairs which have directly effect in the said pair. It's obvious that we need to learn about other pairs to have better trading because; we will just have limited information in a certain pair which we can't maximize the potential of making profits.

It's difficult as the price changes every day that we did not know then we are required to keep learning every day looking for the best strategy in addition to that, we should really be able to hone our skills in analyzing price movements that occur and are always looking for the latest information on currency trading, because with the latest information provided by our currency trading expert can determine the position of a good trade.

Actually robots aren't flexible. that is fact, as we know robot is a code, and they will only do what the code want and you know market is moving every day and even move very fast more than we ever know, so that is forex disadvantages, but beside of it there are some too.

In demo accounts we are very confident and we are very patient in waiting to have big profit. While in real account we are quite so afraid and even close the position immediately. I don't know if demo will give us good performance if we are in the real trading. The mind set does change if we trade for real money. We become a bit more cautious with our trades and do get excited looking at the small profits.

I would not consider going into forex on a fulltime basis because I still enjoy getting other revenue streams that make good earnings for me and leaving that at the moment for trading fulltime may not be the best for me at this stage because of my trading experience.

I would not consider going into forex on a fulltime basis because I still enjoy getting other revenue streams that make good earnings for me and leaving that at the moment for trading fulltime may not be the best for me at this stage because of my trading experience.

It will be usefull if traders plan to make order with higher lot. But if already satisfied with the current lot order and not plan to add it, then compounding is not necessary. I prefer to compound the profit I get because I want to make my deposit money increased and plan to make order with higher lot.

I see that you have to always be realistic at the same time though so that you dont end up crossing the line into greediness. Like in every business you have to start somewhere and work your way up because the aim is to make more profits in trading but within realistic terms while you improve your trading skills.