bigxy

Yes rushing into investing in forex trading without any prior knowledge is because every new trader has a mind set that they have to push some buttons like in casino to double their money whereas in actual it is not like the same.

The plus for these bonuses is that those who does not wish to avail these bonuses always have the option to open account without availing them.

Trade the asset which best suits you and invest to that extent which you can afford to lose.

We can better find what sort of trader is hidden inside us and start focusing on developing it.

Hard work plus smart work is needed and i think those who become successful up till now do possess discipline and focus in their lives.

We can better sit and check what kind of trading style suits our personality some are short term traders / scalper and some are long term traders.

Also keep in mind that the new traders lose money as well but those who let go off these loses eventually become successful in future.

The best part is that we can learn how to keep these emotions out of trading but it takes some time to train our mind.

Scalping can be risky for the new traders because it is done in a very short time frame so they should instead trade on longer time frames.

Those who know how to trade does not actually require bonuses for trading. They however add this bonus as a plus to make more money with it.

There are a lot of options in the market however there are a variety of brokers which can be trusted being reputed like hotforex, xm, exness, lmfx etc but proper research should be done before finalizing any decent broker for trading.

A demo account is also important for a beginner and a demo account can be traded for a minimum of six months before going to trade on live accounts.

Good thoughts, keep concentrating on becoming a consistent profitable trader and this is the only target of successful traders.

Forex can be a good option if we know how to make money from it otherwise we will be among those 90% reported losers i guess.

We should only invest what we can afford to lose and we should invest in that particular industry which is known to us and an ample research has done about the relevant industry.

Not sure how many time you will type expert opinion in your posts..!

Moreover the bonuses are always associated with certain terms and conditions so better read the terms before availing such bonuses. Those who know how to trading art can actually make money with their own money rather than availing other leveraged stuff which can be removed in some cases without prior notice resulting in a losing trade.

In my opinion using a stop loss feature can help us cutting our losses much earlier than it becomes too late.

Yet we have to go through many bad experiences to conclude the best which lead us to become a successful forex trader of future.

Agreed as the demo account is very helpful for new traders to learn forex trading process much easier than any other learning resources.

Seriously i wish there should be some academic courses related to the forex trading because it is much needed in my opinion.

MT4 is a cool trading platform and so is the newly introduced mt5 however i have seen tradingview is also getting famous these days. I am trading with mt4 and still love it.

Some brokers offers 1:400 leverage on their regular accounts like the hotforex do and 1:1000 on micro accounts. However, there are many crazy offers in the market like 1:3000 which seems pretty unrealistic. New traders being unaware of the market conditions should keep the leverage low in start.

In my opinion a mentor is necessary in every aspect of life so the forex trading has no exceptions at all.

Learning never ends and we learn with each new day, sometimes we learn market sentiments and sometimes news effects on the market so trader's life is pretty challenging in my opinion.