I've heard many people like Forex robot as they can trade well and can earn good..but I think trading with robot also we need to have good knowledge and analysis.
Agree with you if our strategy is good then only robot can prove profitable for us. Personally i don't like trading with robot but like to have manual trading.
Absolutely, we should not over trade as our mind gets tired and stuck and which leads to fail in forex as we know we need to concentrate well during analyses therefore should focus with fresh mind.
In market condition goes change anytime and we can't say when and what it will be next therefore it is said one should never be overconfident in trade and must try to take low risk so that we can able to handle uncertainties.
When we are not very good or don't have good knowledge then things for us becomes complicated and difficult therefore the best way is to acquire knowledge up to that extent that we able to do well.
As forex is very convenient to use. it provides great opportunity to learn and then earn and people don't feel any boundation to join and exist in forex . traders can trade as part time or full time as per their requirement. therefore people love to join forex.
MT4 is really good trading system, as it is very smooth and many people feels it convenient to have it and therefore it is very popular. thanks for sharing this information here.
Yes risk management is very important as we want to earn profit in forex so therefore we need to analyses about risk involved in our trading. newbie fails in forex because they fail to manage risk.