sakai

It's not wise to make big investment right away thinking that you would be able to get big profit right away. I think that we should consider the amount of knowledge that we have already before we can consider making a big investment in our trade account.

If you are a beginner only, better choose one currency till you are good enough to add more currency or to change currency. it is not always good to trade on so many currencies here. Because there are too many pairs will give the trader no focus at all here.

If you have skills and know the basic forex trading rules and strategies then you are not gambling you’re trading. A gambler can just close their eyes and choose any trade and randomly make trading decisions whereas a learned trader will choose trades carefully and make informed trading decision.

Analysis and observing the market is a large part of trading in forex. Even considering that, you do not need to trade every day. It depends on the results we want and strategies that we have, if we want to get the great benefits we wish to trade on a daily basis and of course we must have a strong concentration to trade daily.

Well, we need to learn things which are basics and that we will analyze the market well. We should have done at least quite a long time to have good understanding about the market and how to use properly of our strategy. We need to understand some forex psychological, with understand that thing too we will know about how to manage the risk well.

We can see many traders are facing losses daily due to the lack of good knowledge and good strategy. We need to plan our trade and making good money management. I need to make sure that I only trade one pair at a time and not trade multiple pair in one account.

We can spend our time as professional trader in forex if we are well-trained in this business; if not then it is better not to spend your time for nothing. That business needs time and effort so that we can succeed in this business. So it is looks hard to get it as a main job.

We can say that demo trading or to gain experience will have the best way to have this experience and to practice. We would be beating around the bush if we go ahead to say that there is another place to learn forex. The best place to learn forex that has been tried and tested is the demo account.

The market is very dynamic and all plan and rules maybe not suitable with all of market conditions. But by stick with the plan or rule, traders will always know that their loss still under control. And if you are great trader, you will not always stick with your plan.

Even if we apply risk management it brings down the potential profitability, so bigger profit we go for bigger risk we are to face. Some use positive interest rates to gain risk free, others stay long term but then the profit is loss. There are some forex sites which provide insurance about forex risk and how much you want cover they will decrees roi as compare of that.

With proper monitor one will be able to implement and know when to exit a particular trade. Forex robot will not improve our skills in forex trading. This over-reliance will just make us shun learning. I see that if you want to be good in trading better not to use robot that often or at all, as you can get too dependent on the robot. And it is not cheap to pay or buy the robots actually.

If you are still new in forex you can use demo account to learn how to open position, how to put stop loss or take profits. And with demo account you can try some method you learn from eBook. In real account you also are still learning how to control your emotions. We trade on demo account without worry about loss or less worry because it's not real money, it's just virtual one.

It just would not be the ideal situation for me because I would personally like to trade forex on a part-time basis and still get to maintain different sources of earnings aside of forex to diversify. If I would be able to develop my skills because I have more experience then I would definitely I want to make forex as a full time job.

I only take the profits every time I have it so I can made another good and fresh start to make another profit with the same set up we had so it will be more familiarize and easy to do it again. It will increase amount of capital and so we can expect greater profits but by doing this we are risking the profit earned along with capital and so i rarely compound and withdraw profits time to time.

We shouldn't be giving up on becoming a better and better trader everyday. Even when we think we have gotten to the climax of learning. Satisfaction is just really hard to get especially in forex trading that our target keeps on increasing that only means that we are becoming better.

Well, I see that all Hyip will use ponzy scheme so if you invested in there as the last member, you won't get any bucks. It is better to use Forex as investment because you are the one who will determine your destiny. But still all of them are risky.

I see that luck really matters. And experience is always necessary to be in this business and education is the basics of forex and with out education it is really very difficult to survive. But if we are going to rely or depend on luck then it would be really bad for the trader because we cannot really have anything to base our trading decisions on.

Well, if i beat so much, i will just stop the trading and if i already reach some good target that i already set from the first time i trading in forex. My strategy includes taking a position using technical indicators and trend and leaving it until it doesn't hit my TP.

It’s all about how serious one is about trading and what they are prepared to do to ensure success. You really don't have to be born with the talent to be such a good trader. By practicing well, we can learn how to trade well. So I am trying to keep on practicing so that I would be a good trader also one day.

We can understand how a strategy works in forex and in online will have visualization or screenshots of the analysis with some comments or notes so we can figure it out what it means. The best way to learn is to have as many books, information, online friends, mentor etc. Because in forex trading information, knowledge are the tool that we need in order to be successful in forex trading.

My experience recently, a broker offering free bonus deposit in pretty large amount with the condition that is not too difficult, but at the time I want to draw profits. The deposit is a very good step which the broker has taken to make things more easy for traders a trader that deposited fifty dollar may stand a chance of getting his investment double.

Its going to be a sort of attraction for investors but then, they should do researching that is not simple to trade and how big risks involved in here. It's easy to be taken by those advertisements that promise good returns on investments for you forex trading as forex is quite simple and easy to learn. Enough research about forex will make one aware that its not an easy forte.

We can learn something in forex market although we didn't experience loss in forex market. We could learn from other experiences too but that is true if we could use losing in forex as lesson to be better in trading in the future. There is not a law that states one must lose some money to earn more.

It's possible to lost all but I think for this anyone can learn heartily when trade with real and own money. I start with this process and lost but learn a big lesson. I like the idea of a demo account serving as an experiment. Demo will be useful for newbie since demo account is only for practice.

Demo trading accounts are really helpful especially for those traders who are new to trading. Learning through virtual money allows them the opportunity to get along with the trading conditions and learn forex technicalities without risking their real money at all. Demo forex not give we are knowledge or more but only give we are experience in trading forex.