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It's a big problem when treating forex as gambling because I do believe it will cause a huge loss for the trader itself. I also agree that with a good planning for the future we can make the profit. While accepting the risk is hard for some traders, I think this is more like a life time lesson for all of us. So against the risk at all cost.

But based on y research it seems that the broker you said above doesn't offer the lowest spread. Well in non-dealing desk broker, the spread rate is different per position or per session, but if you make a comparison, usually in most cases ECN brokers which offer overall lower spread even with some additional commission.

The pound headed for its fourth consecutive weekly decline against US dollar, the longest losing streak since January 2015, as worries about the Brexit negotiations and warm economic data weighed on the UK currency. Sterling or GBP also dropped its fourth consecutive weekly drop against EURO, after touching its weakest level since October on 23 August. With Britain not clarifying how much the EU will pay as Brexit's bill, the market will carefully scrutinize next week's talks to gauge how smoothly the negotiations are. GBP / USD rose slightly to 1.2813, but has declined 0.4% during the week. The currency has been on a steady decline since the week ending July 28, its longest period since the six-week decline ending on January 23, 2015 GBP stalled as stagnant investment and weak consumer spending figures signaled that Britain's economy was losing power. Analysts at the Commonwealth of Australia bank, including Elias Haddad, said the Bank of England was in no hurry to raise interest rates due to the economic slowdown.

The US dollar is still in the high level against the Japanese yen in Friday's trading session (25 / August) this morning, although it started to slip on the H1 chart. A number of market players again hunted the Yen, given the closer the meeting of central bankers in Jackson Hole, Wyoming. Two of the central bank's most eagerly awaited market leaders are Janet Yellen and Mario Draghi. The chairman of the Fed and the President of the European Central Bank (ECB) is expected to provide guidance on their monetary policy. About the rate hike for the Fed and about the stimulus reduction for the ECB. USDJPY is trading at 109.616, down from the peak level at 109,739. According to Marc Chandler of Brown Brother Harriman, Fed Chairman Janet Yellen's speech will not be much different from the New York Federal Reserve President William Dudley's June statement on the issue of inflation. The greenback has advanced 0.3 percent in a week against the yen this week. Earlier, the USD / JPY had slipped to a low at108,635 per yen in relation to the geopolitical turmoil that occurred in North Korea. But then, investors shifted their focus to political turmoil in Washington.

Gold prices did not show significant changes in the trading session on Friday (25 / August) . Investors are still awaiting direct directions from statements by central bankers in Wyoming tonight. Spot gold prices moved flat at $ 1,286 an ounce, after falling about 0.3 percent from the previous session. Meanwhile, the price of gold futures for December delivery was flat at around $ 1,291.40 per troy ounce. Although the market does not really expect a new policy from Yellen and Draghi, they still expect a clue about monetary policy and interest rates. Bullion is a precious metal that is very sensitive to the development of US interest rates. Political uncertainty is still high and continues to provide a high level of support for gold prices, "said Daniel Hynes of ANZ." The uncertainty that analysts refer to is about the US president, the threat of Government Shutdown and the deadline of Debt Ceiling. "Gold is an asset used as a safe Haven amid political and financial uncertainty.

Oil prices observed volatile in the trading session on Friday morning (25 / August). Market participants are busy estimating how the impact of Harvey storm is now moving toward Texas, right in the heart of the US oil industry. According to the Dallas Morning News report, energy companies have temporarily shut down their oil and gas facilities in the Gulf of Mexico after it was reported that Harvey storm categorized 3 (major hurricane) will arrive on the Texas coast on Friday night or Saturday morning local time, accompanied by heavy rains and Flash floods. Among these companies are Anadarko Petroleum Corp., Exxon Mobil Corp., and Royal Dutch Shell Plc. The West Texas Intermediate (WTI) oil price was at $ 47.76 per barrel, up 0.67% from its previous closing price. Brent oil, which is the international benchmark price and not mined in the US, was at $ 52.44 a barrel, rise around 0.73%.

German Business Confidence for August reported a smaller-than-expected decline. After maintaining three consecutive levels high, the index eventually collapsed. This condition is an indication that the increase in consumption in the euro zone's largest economy will continue amid a car emissions scandal. In a report released by IFO on Friday (25 / August), the Business Climate Index, based on a monthly survey of 7,000 companies, declined to 115.9 from 116.0 in July. The index is better than economists forecast, which is a decline to 115.5. The German economy still has room to grow. The IFO business index came after a report on German GDP grew by 0.6 percent (QoQ) and 2.1 percent (YoY). Post of the report, EUR / USD stabilized in the range around 1.1800, but started rising towards the 1.1804 level when this news was written. Euro traders are still waiting for Governor Draghi's speech at the Jackson Hole conference.

The US Commerce Department reported Friday that non-Defense Capital Goods Includes an aircraft rise in July after unchanged in the previous period, signaling an accelerated business expenditure during the third quarter. According to data released by the related ministry, the US Core Capital Goods Orders last month rose 0.4 percent (estimated 0.3 percent rise) and YoY posted an increase of 3.3 percent from a year ago. Shipments of core capital goods jumped 1 percent, exceeding expectations of a previous 0.6 percent gain. The shipment of core capital goods can be used to calculate government spending on equipment that ultimately affects the amount of GDP. Although Core Capital Orders posted gains, however, referring to overall data (Durable Goods Orders) declined 6.8 percent last month after rising 6.4 percent during the June period, as transportation orders fell 19 percent to the worst decline since August 2014. The decline in freight orders in the transportation sector was most felt in the Civil Aviation category which plummeted by 70.7 percent last month after surging 129.3 percent in June. Boeing reported on its official website that it only received 22 aircraft orders last month, whereas the previous month had 184 orders for the aircraft.

Even though I still think this program isn't so much profitable for me, but with the payout list which uploaded by maybe their own members give some proof that this program may survive longer than what we expect. It is hard to earn here because you need to get direct referrals if you depend on browsing alone that won't give you any.

Survivability doesn't have any kind of correlations with forex profitability which makes it as a popular business where people want to risk their money for the sake to get monthly income or even financial freedom. The popularity of forex thanks to the market which is more stable and the chance it gives to people.

The US dollar remained stable in the trading session Tuesday (22 / August) this morning. The trader's focus still on the new Jackson Hole Symposium will be held tomorrow. They hope that the major central bank officials who will deliver the speech at the event, provide additional guidance on their respective monetary policy outlook. The Dollar Index stood at 93.101 today, retreating from a three-week high of 94,145 hit yesterday. The short-term focus for the US Dollar is a speech from Fed Chairman Janet Yellen at Jackson Hole on Friday. The greenback's strengthening move has stalled in recent days in response to investors' concerns that are turning into doubts about US President Donald Trump's ability to implement his economic policy agenda. In addition, the slowing US inflation impact on the potential for delays continue the Fed's rate hike this year. It is also a burden for the US Dollar.

Euro sagged in the European session, Tuesday (22 / August) this afternoon in connection with the strengthening US Dollar. In addition, high market expectations in anticipation of ECB leaders' statements at the Jackson Hole conference over the weekend also became Euro suppliers. On Friday this week, ECB President Mario Draghi will be the speaker. What will be delivered Draghi will be considered not less important with the statement of Fed Chairman, Janet Yellen. Thus, the two heads of the central bank will be in the spotlight. However, Draghi is not expected to spark new policy messages. There will be no comment on the ECB's stimulus reduction program. According to the source, Draghi will highlight the problems of the global economy. Since touching a two-and-a-half-year high at 1.1910 in early August, the Euro is slowly sluggish. Especially, after the ECB officials revealed in the minutes of the meeting in July, that they have not talked about the problem of quantitative easing (QE) reduction. Regardless of the Jackson Hole Symposium, this afternoon Germany released data on ZEW Economic Sentiment which dropped 7.5 points in August and was at 10.0. This figure is well below the long-term average of 23.8 points. Reports from Germany is an additional burden to Euro.

Gold prices slipped in Asian session Tuesday, well ahead of this afternoon, after US President Donald Trump announced the drafting of a strategy to keep US troops in Afghanistan after 16 years of military intervention in the region. Although Trump promises a more pragmatic approach to supporting the Kabul government and will work with Pakistan, the gold price responds to it flatly. The price of gold futures for December delivery on the Comex division of the New York Mercantile slipped 0.17 percent to $ 1,294.51 an ounce. Meanwhile, spot gold prices slipped 0.1 percent to $ 1,289.77 an ounce Nevertheless, the rise in gold not long, because today back slipped ahead of the Jackson Hole Symposium held in Wyoming, USA. The US dollar was steady ahead of the crucial economic event, awaiting Fed Chairman Janet Yellen's speech, which is expected to provide additional clues about continued US interest rate hikes this year.

@sidejob We all here already know about the fact that it is a programming language for mt5 and the main reason mql5 developed here is to give a trader or programmer the chance to make an automated script which we all know as forex robot. Not just that we can even apply the object oriented programming with MQL5 which become its nature when released for the first time.

Money Factory in a good sense especially if you gain a trait to be able to get constant profit every period of time, like every day, every week, or every month. Constant profit is what you all need, if that is the case then it is not wrong to say that foreign exchange is a real money factory to us, but don't overdo it.

Oil prices tend to stabilize at high levels in early trading on Monday morning (21 / August). At the end of last week, drilling data from Baker Hughes indicated the possibility that the rate of increase in crude oil production in the US would begin to slow. At the end of the American trading session on Friday, benchmark oil prices jumped 3 percent. This morning, Brent crude traded around $ 52.68 a barrel, down just 3 cents from its previous closing price. While West Texas Intermediate (WTI) held in the $ 48.50 range, it dropped 1 cent from its closing price. The rapid rise in oil prices came following the release of two important data from the United States. First, data oil inventories published by the US Energy Information Administration (EIA) showed a 13 percent drop from March highs, to a total of 466.5 million barrels. Second, the number of oil drilling rigs in the Baker Hughes data declined from 768 to 763 in the weekend period of August 18. In a note to clients, the US multinational Citi said, "Although bearish sentiment has finally reversed, investor positions appear tense on both sides (long and short), indicating no strong confidence in the oil market today."

Coal prices posted a weekly gain in the fifth week last week, although it closed lower at the end of trading Friday (18/08/2017). On Friday's trade, coal prices for January 2018 contracts, the most-active contract on the Rotterdam commodities exchange, closed down 0.03% or 0.02 points at $ 78.20 / metric ton. Since early last week, coal has strengthened to 1.41 points or 1.09%. This is the strengthening of weekly coal for the fifth consecutive time. The strengthening of commodity prices in the European market is underpinned by falling supply from China and expectations of increased demand in regional markets.

The US dollar moved up early in Asian trading on Monday this morning. The currency is tentatively away from the four-month low against Yen. The dismantling of White House personnel - a political and market issue since last week - is forecast to hamper US President Donald Trump's ability to realize tax reform plans and supplement its fiscal stimulus. USDJPY rose 0.1% towards 109,265, after slipping to a low of 108,605 yen on Friday, the lowest since late April. UJ seem to ignore the US Consumer Sentiment Index released by the University of Michigan, which points to an increase in the strongest level of seven months in early August. The results reflect consumer confidence in the outlook for the US economy and in personal finances. In addition, the dismissal of White House Advisor, Stephen Bannon, by Donald Trump has been confirmed at the end of last week. Trump's decision is likely to get Trump under pressure from his right-wing supporters but can also ease the tension between the White House and Party Leaders.

Rubber prices posted a rebound in today's trading on Monday, boosted by optimism over improving demand. The price of rubber for delivery in January 2018, the most-active contract on the Tokyo Commodity Exchange (Tocom), closed up 0.28% or 0.60 points at 216.80 yen per kilogram (kg). Earlier this morning, rubber prices opened with a 0.19% rise or 0.40 points at 216.60 yen per kg position, after trading on Friday ended down 0.46% at around 216.20. The natural rubber price was able to rebound from weakness recorded last weekend, although at the same time the performance of the yen currency again appreciated. However, he continued, the high amount of rubber stocks limit the price increase. Japan's raw crude stockpiles reportedly rose 0.3% to 7,616 tons, while the number of rubber stocks monitored by the Shanghai Futures Exchange rose 2% to 395,158 tons on Aug. 17.

Euro slipped on this afternoon, adding to its weekly decline to its biggest in more than two months. The market considers that double-digit Euro picks during the year are excessive. Especially because the European Central Bank (ECB) seemed still hesitant to remove their stimulus. EUR/USD slipped 0.17 to around 1.1740, following a 0.5% decline last week. According to Reuters data, it is the pair's biggest weekly decline since June 9. In general, EUR / USD movements appear flat in the European session this afternoon. Nevertheless, Euro has scored a gain of up to 11 percent so far this year, making it the best-performing G-10 currency. The ECB president will not deliver a message on monetary policy at the Jackson Hole symposium, Wyoming. In fact, some market participants expect the ECB will begin to reduce its stimulus, and the gesture was originally expected to be alluded to in the symposium.

Gold prices showed only a minimal movement, although incised a rise in early trading session Monday (21 / August) this afternoon. Investors are still waiting for further clues to determine the direction of the precious metal, especially after weeks of political uncertainty last week. In addition, gold traders are also awaiting the outcome of a meeting of top world central bankers in Jackson Hole, Wyoming, USA. Spot gold prices rose 0.1% to $ 1,286.01 an ounce at 13:40 am today. Meanwhile, US gold futures for December delivery were flat at $ 1,291.70 a troy ounce. On the other hand, ANTAM gold price is traded at Rp602,000 per gram, with buyback price Rp538,000 per gram. Daniel Hynes, an analyst at ANZ, said that Yellen Fed's speech in Jackson Hole, Wyoming this weekend, could potentially become a market mover for gold. Gold is very sensitive to the issue of rising US interest rates. Thus, if Yellen alludes to it in the later symposium, the spot gold price may retreat to the support of $ 1,271 per ounce.

And by that the system this product has actually better if you can use it wisely, overall concept is pretty innovative but one thing that people afraid of is actually how those new traders will depend on it so much rather than their own skills and don't even have any confidence at all. This could destroy themselves in long term if that happened.

You got the point but a well-known broker which employ Straight Through Processing Broker will try as the best as they can to redirect the price order to the real market at least to a broker with high liquidity which acts as liquidity provider too. DMA is actually more like in the middle between STP and ECN and all of them are Non-Dealing Desk Broker.

But not all the same and as we know we can see a lot of quitter nowadays because the market itself is pretty much uncertain too. As long as you have good mental capabilities, losing once or twice won't make you quit and your tenacity will hold your ground before you can start to fight back and recover, this is what many traders said as a strong and resilient trader.

As the place to learn and the place to get more experience then i agree to use demo account and also that is one of the most effective and efficient way for traders to survive without need to spend like million dollars just to see we destroy ourselves. So i think that by trade in demo account and spend more time there during our early phase as the trader will increase our capacity as the trader.