Rayyanviper

When you read about Forex trading it seems to be quite easy but when you go for the real thing, it is quite a hard and risky job. Many Forex traders have experience losses. You need to have a very good knowledge and experience in order to obtain profits. When you are new to it, it is advisable for someone to guide you. Then you will have to dedicate yourself and put lots of effort to your task. Well, if you love Forex business and dedicate yourself well then maybe with time you will find it quite easy.

Learning about Forex trading at a young age is very good and it is a good idea that someone interested in Forex trading experiences it while still being a student. Then, he would be able to discover the risks and gradually learn from it, and in the future if they want to obtain profits in Forex, their past experience would be a very good advantage for them.

I would not advice a person to make Forex trading his full-time job because it is a very risky job and despite having the three requirements you suggest, one can still make looses. I would advice someone who is interested in Forex Trading to do it as a part-time job and if ever he is making looses he can still benefits from his monthly salary from his other job. But if the person has really good experience, knowledge and skills and most of the time he makes profit, then maybe he could make Forex trading his full-time job.

I totally agree. To trade we need very good knowledge and experience as luck is only temporary whereas knowledge and experience are permanent. By going through the process of obtaining knowledge and experience, we commit mistakes and by learning from those mistakes, we can achieve perfection in the future.

According to the Bank for International Settlements (BIS) 2010 Triennial Central Bank Survey, trading in the United Kingdom accounted for 37%, followed by the United States which accounted for 18%.

In Forex business it is normal to make losses. I would advice you not to loose hope and be self-confident because most of the successful Forex traders have learn from their previous losses and mistakes. So, I would suggest that you continue on the demo account and have a good experience and knowledge before you go through the real thing.

Most of the time newbie neglect the risks and they only concentrate only on making profits. This could prove crucial as risk management is a key aspect in Forex Trading. Also, many of them neglect the demo account and went for real trading thus giving a rise in the number of mistakes as they lack of experience. Haste is not a good thing in Forex trading.

Hello everyone, I am from Mauritius, and I am a final year student at the University of Mauritius. I am here to learn about online business and I hope to have your support. Thanks to all members and admin for this wonderful forum.

I would prefer a live mentor as I believe he would be more efficient than the online mentor. He would teach me step by steps, would answer my questions efficiently and also I would know about his disponsibility. In the end, am sure to obtain better results than the online mentor as I believe it is quite difficult to depend on an online mentor only, although they have proved quite efficient to some people.

It is a fact that in order to succeed, one must learn to lose. Most of traders loose their money in forex trading and in order to be successfull in the future, they have to learn from their lost. One must limit their loss as much as possible and with experience he or she will not repeat the same mistakes.