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What is else important in trading psychology is that you do not need to give up on yourself even if you lose. It is very important and sometimes really difficult to let all you failures go and concentrate on positive thinking and to continue to improve yourself.

Definitely... Newbies should trade as much as they can for learning and improving their skills. Practice in trade is maybe the main key to success.

I feel the EMA(21,50,200) are best for newbies. Though they give late entries its easy for a newbie to follow. Along with EMA's we can use DMi indicator and RSi to know the trend strength.

I understand what you were trying to say but was not my point. I mean it's really difficult to earn in Forex that much for living unless you are not a genius trader but I was trying to say that I am working as a trader and as a personal analyst in one brokerage company and they are paint for my...

I've read a lot about binary options. Many traders complain about it. I've never tried, but if I had a chance, I would, just to test it and have my own opinion.

I think MT4 is almost first example when something that was done first is better then new version. I couldn't understand why MT5 is not that popular before I tried it. Of course I prefer MT4.

you can not be good in analysis but data collection of different resources can help you to be successful. Not everyone can be an analyst as not everyone can be a movie star but if you chose the Forex as you main sours of income you should take into account importance of analysis. Even though...

the protection of the capital in Forex is very important thing and it does not depend rather your capital is big a small. I have a few accounts with the different brokers. I have a small one with a new broker just to test their services and a big capital with the broker whom i trust. In both...

There is one thing I hate about Forex business - its image like an unfair business. Many people without learning tried it and after their failure claims Forex as a big fraud mechanism. When people asked me what am I doing for a living and I answered "Forex trading" I saw a strange look at their...

Well,it depend on what are you looking for and what means a good broker for you. If you can specify it will be easier for me to suggest you something. What do you also meant by website working for a long time? since for someone 2 years is not a long time..

How much needs to be tied and in love with Forex, to decide to emigrate, to leave your native country. I think only forex from all businesses can do this to people.

it also depends on a person. if you have a feeling that you can trade on live one - you need to try.

Of course Forex is risky as every business connected to the market. We are living in very unpredictable world where only 1% of people know what will be next. Of course she you start trading it is necessary to take into account that you may lose but you may win. It is like in life, you never...

Once I've read an article " 4 things to become successful in Forex". It was very helpful and I would like to share it with you in case someone finds it interesting and useful. Leg No. 1 - Approach Before you start to trade, recognize the value of proper preparation. The first step is to align...

For me Forex is a style of living. I can not imagine other job where I can live a life I am living.

Before you choosing a right broker for yourself, you will lose your money many times. Of course every time when you start to trade with a new broker, you wish it is the best choice and that a broker is not a scammer but sometimes only after many times of failures and losts you finally find a...

Not only profit gaining makes a trader successful. It is also a personal growth and development, many new contacts, interesting industry and career possibilities.

It is important to take into account a few things which can make a trader successful: 1) Trading Psychology 2) The Importance of Trading Rules 3) Creating a Trading plan 4) Bottom Line 5) Diversify Your Portfolio With Commodities more you can read here...

I do not think that it has something to be afraid of new brokers just because they are new. New brokers are trying to be even better then old one to gain trust of its potential customers and after an new broker becomes old one, he started to cheat.

It is wrong approach in a first place. You need to understand that Forex trading is really difficult way to earn money and you need to be professional to succeed.