adnan007

Psychology plays a major roles when it comes to trading in Forex. We should develop our mindset so that we are able to keep our emotions out of this business as it becomes a major cause for our loss in forex. Moreover, we should have a positive mindset when taking a position as negative thinking can result in losses where you could have ended up in profits.

I hardly invest only a few dollars for my forex trading as I am not rich enough to invest in forex. However, the professionals in this business advice other newbie traders to invest at least a $1000 in forex as it allows us with the freedom to earn better profits and recover the losses in case we come across one such loss. It also avoids those nasty margin calss which at times are very frustrating.

Scalping is a term used in a situation where the trader opens a trade in order to take benefit of slightest of currency movement. Usually, such trades lasts only a few minutes and are taken with the intention to take the smallest of benefits from a currency pair. This is considered very risky but there are some technical indicators which work perfectly in this regards.

To be frank, I am not fully satisfied with my broker. I am using InstaFX to trade torex but the sad part is that their spreads are very high as compared to other brokers which have low spreads. However, they have several contests for their traders to participate in, which is one of the positives which attracts trader to their site...

Well, I am not a big fan of trading automatically through trading robots as such robots might be having good results but most of them end in a loss if you have followed one. Only a few robots are able to survive the market conditions but searching for any such robot and testing them can be a major risk as it can result in a complete loss of your money.

Take Profits does come handy is several situations as the market tends to rebound and the profits sometimes is reduced in the TP is not in place if not gone away. It is a good practice to place a TP by looking at the support and resistance levels as those levels are sometimes the main region where the trend reverses usually...

Several forex brokers offer free money to trade in order to attract investors to their site but such bonus offers if one has noticed contains several hard terms and conditions in order to be liable for withdrawal. Those terms are very hard to achieve and thus the bonus money are of limited use and withdrawing them isn't easy at all.

I agree with you @davils9. It is best advice to start off your trading career through demo accounts. This will help you to get used with your Metatrading software and with the trading conditions which the market goes through under different trading conditions. Once the training curve has completed, one can start off with real money trading.

Yes. Forex is a currency trading market where investors look to invest in currency pairs in search of profits from their trades. As their are no easy methods to succeed in this market, the trader should start off by learning how to trade in this market and carry it up by practising how to trade through demo trading.

I do agree with you that forex trading includes risk but most of the other investment opportunities which contains limited profits also have risk. As the potential of earning in forex trading is enormous and the risk is limited as compared to other investment opportunities, most traders prefer forex to invest rather than other available investment options.

The popularity of Forex trading is not because of the high risk it contains. Forex is a good method to earn unlimited earnings online without any hard work to be done from the side of the investor. This facility has attracted several new investors to this trading market as profits are enormous in this market.

I dont think that expensive can be a disadvantage if the robot is performing quite well which can lead to far more profits than invested. However, as trading robots do not guarantee profits and as they are handled by a third-party professional, who is said to be a professional trader, I would rather prefer trading on my own to keep my account safe.

If you would have seen, Liberty Reserve has gone down but as your question is asking of ways to invest online, I would prefer forex trading as it is one of the best ways to invest your money online with the slightest of risk to be taken from your side. However, do remember to spend sometime learning forex before starting off in this market.

I agree with you @rexway. Liberty Reserve was the main payment processor used online in this field. As it is down now, either PerfectMoney or any other e-currency will take over or the market will start to collapse which might not be the case I guess. Moreover, as LR is down, several sites have lost some big funds which wont be easy to recover in a short period of time which might result in payment delays.

As Liberty Reserve is down and it doesn't seem any temporary thing, I think MTW might cancel all the payments which were requested via LR as they might not be having any other option. Waiting for LR to come back might take several months or even years looking at the current situation of the LR official website.

Having a google search before selecting a broker would be a nice option as different brokers have different restrictions which can better be understood by user reviews. Try reading those reviews and try comparing the spreads of each brokers, as the broker with the lowest of spreads is a good option to select amongst other brokerage companies.

I have been following EUR/USD and AUD/USD and have found those pairs to respect their support/resistance levels very well. AUD/USD is a currency pair based of commodities up to some extent which causes it to be easily predictable at times and its volatile movement helps us to earn so easy profits out of our trades with the slightest of risks whatsoever.

Foreign Exchange or in short Forex is a currency trading market where global currencies are traded in pairs for each another. A trader buy/sell a currency pair at a particular time and later sell/buys the currency pair when the currency price has changed. This results in either profit or a loss to the trader. A traders aim is to earn as much profit out of this market as possible.

Different traders have different best pairs as they would have been following it since long time and might have understood its movement to different situations. However, EUR/USD, GBP/USD are the two currency pairs that are most widely used and are easily predictable as per the professionals. However, no one can predict a currecy pairs movement 100% accurately.

Forex or foreign exchange is a global currency exchange market where currencies are traded in pairs. Forex market is a volatile trading market which is available 24 hours a day and 5 days a weak. This availability factor differentiates this market from Stocks or other markets as no other market is available 24 hours a day to invest in...

The term currency trading is used when we are trading one currencies on for another in pairs. FOREX is a global market which allows to do this. Forex allows us to trade currencies 24 hours a day and 5 days a weak except the weakends when the markets are closed. An example of currency trading would be exaning your local currency to an other one when you are moving abroad.

Anything that requires investment is a risky business and forex is nothing different. The risk con not be eliminated from this market but it can be reduced as much as possible by proper trading strategies that we use. Only proper knowledge and skills in this market can help you reduce your trading risk up to a great extent.

Forex trading has no limitations. A trader can trade in this market anytime whenever he feels like trading. However, for a newbie its best advise to start trading after only he has learned the basics of this market to avoid losses and yes, the Forex market remains closed on weekends so we can not trade on these days.

As Liberty Reserve has now gone down, I was wondering how would they pay their members as Liberty Reserve was the only withdraw method used by them. Moreover, I think they should add other payment methods such as Payza or Paypal so that the members gets a variety to choose their payment method which would be a good option.

I registered on MT5 yesterday but my posts are not yet been approved by the admnistrator. Its already been 3 days and I am still waiting for my MT5 account to get activated. I hope it gets activated soon as I am not been able to post on MT5 forum yet as they have activated manually activation of accounts after they check my posts.