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I think here, it's not really about what kinda trader you are, rather, it's about the returns. Since in the business, what we mainly do is that of earning through buy and sell, then it's a business. And for the fact that you earn some profits at the end of the month, then it's a job.

One other good thing that is worthy of note about leverage is that you end up having a good trading value when it comes to capital. It gives you the courage to trade with a little capital and if your analysis is right, you end up growing your capital by far and that offers a whole lot of beauty...

It is just a clear opposite of a winning trade. At least, if a trader isn't winning, then he is losing. Trading has two way to it and in the case of a failing trade, there is little or no possibility of the market turning out and that means you have lost out completely.

Being upset with Forex wouldn't change anything because the business is on its own a business that gives you what you gave it. There is no two ways about it if not that you made profit from it simply because you were able to work hard towards it. You simply cannot make the business that which is...

It's that simple. Forex can become your source of income when you are really determined to make it one. It is about your knowledge and base of capital because you can't trade Forex without a good understanding of the market and without a good knowledge of what it is. That us the best way you can...

That is it and a poker player doesn't have the time for such nonsense. To him, it's a sheer waste of time trying to make any analysis when he can easily gamble. I also think they wouldn't make any good trader, instead, they will end up gambling up Forex and at the end of the day, lose.

Choosing the right broker is only a right decision which the trader needs to take. There are different brokers which also offer some juicy services. I think the major thing is in the trader's choice. There are traders want a different thing from Forex and what they really need is for them to...

Poor people shouldn't also run away from Forex because they need to earn. Forex is for all and for the poor traders, there is no stopping them. They simply need the knowledge and the skills for them to understand the business and learn better ways to trade.

It depends more on what the trader or in this case, the user wants because different forums has got different functions and channelled into different discussion zones. For me, the unpaying or non sponsored ones are quite good for anyone to participate in and also make some good knowledge out of it.

@budado, well, that's about fine and you can still meet your goal with that but if you ask me, I think it's something that a newbie would consider that of 1:500. All the same, I think the fact remains that the business is one which the trader must understand the brain behind choosing a leverage.

@budado sure. Forex is a place where you have varieties of ways to trade in, varieties of strategies to use and all what not. The most important now becomes how prepared you are to face it. The best way however lies in learning and how best you understand it.

I also don't think so. I think it should depend more on the traders pip target and the analysis he made. Trading or knowledge. The most important thing is for him to understand what he wants and also the rationale behind setting of SL and TP.

One can't easily tell because they also have their own time and what they do with it. Let's say they trade when they think they have they time to do so. It all lies in their skills and knowledge and becoming a pro means they already understand the business, know what they want and go for it.

I think it's even the best way one can achieve that. To develop your strategies well, you need to also practice well. There is no gain in not doing it right and even though it takes the whole time on earth, it really doesn't hurt getting it right enough.

For me, it's a no because there is no way a trader would give up and learn better. It's about a good knowledge and a good understanding of the market that matters most. Forex is for those who are quite knowledgeable and getting that knowledge doesn't come easy. That means that the trader must...

To win huge profit, you need huge knowledge and you also need huge capital. To win or achieve that feat is not something that is easily achieved and not that which you can always get over with. Forex is a business where you have all things sorted out with time and even though it might prove...

Small capital is best protected when we have the knowledge to guide it. It is our knowledge that helps us understand Forex the more and gives us a reason to trade well and if a trader can have a good knowledge about Forex, then he would make something good from it as he trades. That is what...

Forex is good business because it gives you an opportunity to earn. There are a thousand and one things you can do in Forex but what makes you a good trader is the degree of knowledge you already have in it. There is the need for you to understand the way the business works and the way to really...

Risk management is something that every trader needs. It is that which you need to understand the nature of the business and to also understand the way to handle his account. It is with a good risk management plan that a trader can get the best out of Forex and thereafter, make some decent...

If my broker starts behaving strange, I think there wouldn't be any better option than to leave him. I really can't cope much with a broker which doesn't care much about the traders but much concentrated on his own and the profits he wants to make. That is basically what I think of brokers.