There is no such rules that to learn forex trading you have to pay. If you are capable of learning of your own by books, e-books, websites or forum then it is very good. It depends on the person who he or she can learn. Ultimately everybody wants to earn.
As I always believe that more we learn, more we get experience. As there is no end of learning at forex trading. There are many things in trading which we are still unaware.
Well, I believe that scalping is very much beneficial at some point of time. Ultimately we all are trading to earn more money as we can. And every person has his own strategies and planning.
Well, it is true that new brokers have the chance to get scammed but it is very difficult for the freshers to find the trusted brokers. Hence they should take the advice of the experienced traders. And they should also review from their own to know the genuineness of the brokers.
After 1 year when I look at my friends and relatives, I feel that I am quite lucky from them. They always ask me that how do I earn a good amount by just sitting at home. Some people think that I do nothing and spend my father's money.
As we count forex trading in business, it is very important to maintain and manage our every steps and records. It helps us to plan for the both present and future. We cannot gain this skills in a day. More you gain experience more you know about the management skills.
I don't think that there is some sort of rules that beginners should not trade for full time. If a beginner is confident and have that knowledge that how to trade then they can trade for the time they want.
Well, the best part of the forex trading is you can trade whenever you want, wherever you want. There are many professional traders who trade for few hours a day or week and earn lots of money. Much more than a salaried person.
Well. it depends on the currency pair you are trading. Every currency is related with the economic condition of the country. So before trading you need to research about the currency you are trading with. It will help you to make a perfect planning.
That is true. Logically we save lots of money at demo trading. Because at real account newbies can lose huge amount with a single wrong decision. But at demo account we trade at virtual money. So it does't effect.
Commodity trading is as simple as currency pair trading. Both are quite same. As commodity is not traded in pairs so it has less complication to understand. But it needs more research before trading.
Well, the answer of this question depends on person to person, earning and the situation. If your earning at forex trading is too high that your salary, then you may quit the job. Or you can keep forex trading as part time and can continue your job.
Well, As per regulation anybody who is over 18 years old can trade. But at real world age never matters. I think that those who have some characteristics should not enter the world of forex trading. Such as those persons who don't have idea and knowledge about forex trading should not trade...
There is no time or period limit of practicing at demo. You can learn, practice and experiment at demo account until you feel that you are quite confident to trade at real account.
Well, there are many free sources available from which you can learn about forex trading. You will get many websites, ebooks or books at free of cost. But there are many people who need mentor to understand better. For that reason there is no problem to pay to learn.
Well there are uncountable benefits of online forex trading. You can trade at home sitting comfortable at chair. Earn a good amount rather than doing a fixed job. You can give your all the time to your family. What else you need.?
Technology has always played a vital role not only at forex but also at every part. Because of technology anybody can trade from anyplace on phone, tablet, pc or laptop. And brokers also made various trading platforms with the help of technology.
At starting I have faced some loss and lost my few hard earn money. Then a person advised me that I should use the forum bonus for trading. then I started using forum bonus and increased my confidence.
As forex trading is based on the market analysis, so practicing for hours is not necessary. Practicing at demo account should be based on making strategies, experimenting and learning how to trade. And the main factor of practicing is to understand and realize what you are doing.
I always use M1 or M15. As I look for short trade, it gives me a good idea. Those who looks for little bit longer term trading, they keep frame at H4 or more. But as per necessary i can make my strategy on my time frame.