humanhope

There are so many learning resources available on the internet to guide newbie in learning forex because through learning and application of the concepts one can be able to make forex trading successful and earn consistent profits over time.

I think it will be easy if traders already have good knowledge and trading skill but difficult for newbie that still have less knowledge and experience. So, before traders think about easy money gain, better learning and practice first in order to preparing their self with good knowledge and skill.

It is not important for effective strategies to be complex rather the easier the strategies the more effective they may be. Just watch a pair for resistance and support and play between these two points, there is no necessity to learn difficult charting and methods to make money.

Well, Its depends on the traders because they are not usually active in Forex trading or not full timer and not all the time the Forex market will be good to open position and also not good if we have monitor the market for the whole day when we are not going to have long term trading.

I think that Forex is gambling if you don't know what you are doing in Forex trading. But if you have skills and know the basic forex trading rules and strategies then you are not gambling your trading. That's why we call ourselves traders and not gamblers in forex trading.

I think that even professional traders don't trade all currencies as one it's really good on a particular pair. The usd is the most traded currencies in the world and almost all the traders go for it than other currencies like yen. For me i will start up to trade with eur/usd.

Well, actually there is no exact amount how many dollars that we must invest in forex trading. We can invest as many as we wanted but For starting point, I think one hundred or even fifty dollars would be enough amounts.

About me, I prefer live mentor because we can see face by face and I have responsibility to listen and my mentor have responsibility to educate well. also with live mentor I can directly ask and get answer without wait long or some moment.

Yea, that is true that we can get that bonus with out making a deposit. But can we withdraw the profit without making any deposit. So I would take a look on that. so I would be able to get some free deposit and start trading right away.

You have not to believe internet promoters who try to offer you a program or sign for fifty or more dollars, with guarantees to assurance you large income and economical independence. It is all lie, unfortunately.

We have to keep in mind that Profit and loss are two sure things in trading. The only thing we can influence is the level of loss we may end up with. Always, we should aim at earning a little, or losing a little only so that it doesn't wipe the margin on our account.

If you have never done forex trading before, you should definitely learn with a demo account, preferably for a couple months at least. Going for a real account is not advisable unless you have sufficient funds like five hundred dollars or more would be a reasonable amount, though you can make a few trades with just one hundred dollars, anything less isn't really enough because a few losses would bring you down.

Better we try to choose a server that is rarely used by traders, such as that provided by several brokers. But I guess it does not really flashy, because if we open orders in leisure hours are seldom experienced re-quote nor off quote. All broker which guaranteed, so choose a broker who has a supporting feature.

Well, although use this software; a trader should have knowledge about technical analysis because we should reset it software become suits with our trading style. We should know also, what indicator use in default setting. It means that you have to keep your mind on as well.

One of those, trading without studying the industry first, hopeful of making a few successful investments is another dangerous error. It is difficult to estimate what will occur next in the marketplace and with appropriate research about the information and the specialized will give the investor a better understanding.

I think so, Forex forums we tend to give us the background of forex and helps newbie to know what trading is all about but the disadvantage there is that it cant make us to be a good trader. We have to improve our trading skills if we want to be a good trader. Forex forums are just the background for me.

I think so. Having knowledge about forex is a good investment for myself. Though it is much even better if i can step up to the next level as forex to be one of my source of income, I am looking forward to it, that's why I am preparing myself in forex trading.