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As a newbie, you must also avoid swap charges for holding the currency overnight. The swap charges can also be unwanted and cause you to lose money so do beware of that. Holding currencies over the weekend do not have that many advantages as the market moves really slow on the weekend and...

When you're new to forex, its important that you learn to stay calm, cool and collective and avoid gambling with your money as well as not throwing all of your money in one basket. Also, its important to understand the high risk of forex and proceed in a controlling manner and build it up...

I know that when you recognize and admit your weakness, you will then become a better trader. Its like the Forex anonymous program you know. Once you know you have a weakness you will work harder to improve it. I have a weakness. I admit to looking at the broker's chart way too often and way too...

What pairs do you dislike the most? For me, the pairs with highest spread are my least favorite cause its hard for me to cross over the spread point to make a profit and I have to wait for a long time if they do go over that. I like the popular ones due to low spread and high volumes on trades...

How much risk do you take on your trade? For me I only use leverage up to 500 and that is it. I do not use more than that. I know some who would go up to 1000. Its ok for them if they have experiences and capital and make more profit than losses. How much do you use to trade each time? I do not...

What kind of forex market news do you follow daily? I know in order to be an astounding Forex trader, you must know news daily or else you will buy the wrong pairs at the wrong time. So, please share with us your best source for forex news so we might look at them too. I use places like dailyfx...

What is the best forex forums online that you have came across? I mean those might not be ptp forums and they're more genuine and less censor as they're not ptp. I found those to be more honest and less of censorship and many posts that are very interesting and entertaining. What about you? What...

What do you do while waiting to exit a trade? I usually file my fingernails or read some news on a separate smaller tabs. I sip on some coffee. I do text my friends? I play on my phone. What do you do to allow time to pass while you wait on your trade?

There are many non-paid forex forums online and in those, many members are saying that there are a lot of scams con artist trying to get people to sing up and invest their money an then take off. They try to get people to follow them and chat up and then invest in them but they turn out to be...

I was wondering if any of you had any strange experiences with your brokers and if you mind sharing them here. I get a call from my brokers too often and I'm not liking it. They keep calling you to talk to you about depositing and trade. I get really irritated at constant calls when I sleep in...

Do you think hardcore poker players will love or be really good at forex? I think forex is easier than poker and if the poker player know of such opp he will choose forex instead of poker since not everyone will earn in poker but you will all earn in forex and there is no competition between...

Anyone here look at forex as a sport to them? Its a hobby to you. Forex is kind of like a sport to me and a hobby almost. I make money but I also look at it as fun and a chance to compete. I've always loved sports and want to be a champ but hard to qualify. So here is my chance to play in forex...

If you're in the financial industry then I think owning a forex business or act as a full time trader can be useful in some financial jobs. It will show that you know how to trade or have management in forex experiences if you were to become a manged fund manager or do something in forex like...

When you lose money, like large sum, margin call, you get really upset don't you. Luckily, I've been using stop loss and controlling my money well so I'm not that upset just yet and hopefully I will not get to that point. As a good trader, you must have everything under control so you're not...

With the US capitol hill shut down and debt ceiling due date, the USD is weakening against the Euro and other currencies possibly. We have seen a rise in euro/usd to 3.6 something, the highest in six months with the recent news of the US. This is the late on fundamental of usd. How about you...

I lower my stress by drinking plenty of water and also listening to music and then doing some yoga and working out. All of this will help me stay calm and being more patience and waiting for my results and I also do other stuff to keep myself away from the broker's screen until the next day when...

My five R's of trading or five rights of trading are the right pairs at the right price, at the right market opening, at the right time, and on the right day. How about your five R's? What are they? In forex, its all about doing it right.

If you have been trading for awhile now, do you have any bad experiences to tell us? I have one. I bought a pair for long term trading and expect it to rise but it decrease in prices and it was against my prediction, gbp/yen, so shocking but it only happen once in awhile. It must have been a bad...

We all have a pair that works well for us. For me, its euro/usd/yen, or gbp/yen most of the time as they have proven to give me profit. How about you? Which pairs work so maybe we can try them as well? Why do they work for you? How much money do you make off of it?

I think prices start to reverse downhill by Friday afternoon like around 2pm US NYC time so you must decide to exit by then cause it will turn low so if you have been waiting all week then its time to sell for profit or if all day then its time to sell by then. By 2pm most traders close off...