Well, if you have too much money to spend without any reason then only you can invest a huge amount without any knowledge and experience. Otherwise it is totally not recommended.
There is no end of practicing at forex trading. An experienced traders also practice and experiment at demo account. Because while practicing at demo account, we can learn many new strategies.
Yes, you are right. But the main factor is very few people understand this. As determination and dedication is very important to realize this things. And that is why many people leave forex after losing money.
Well, for me news plays some important roles. But i don't trust fully at news. It gives some idea about the market. I check the news and then analyse the market. After then I plan my trading.
Knowledge is not only necessary at forex trading but also every part of our life. To earn a good amount of money from forex you have to learn many things from A to Z. When you will start trading, then also you have to learn.
Determination and dedication to learn lies within us only. We have to realize that we have to do something to earn money or have to make career. Nobody can teach you that. You can only do when you really want to do.
Well, if you take in other sense then you will see that forex trading is a quick money making place. Because whenever you need money, you can trade for a hour. You can get the profit in your hand withing next few hours. Actually i do this.
Well, to make money you need to be a good analysis. And for that you have to learn for years. You should know about different tools, templates and indicators. When you will have everything in your fingertips, you will really earn a good amount of money.
I never support to start trading with investing your all the capital. Yes, the thing can be done is while learning save all the forum bonus at trading account. When you will start trading at real account, you will see a huge capital for investment.
There are many students who have prepared for their career from schooling only. And i say they are really brilliant to take that decision. It is not necessary that forex trading should have to take it as career only. there are many people who are doing trading for just pocket money or extra savings.
Well, to involve at forex first of all a person should give full dedication towards learning. Whether he is poor or rich, learning is very necessary to be successful at forex trading. Otherwise you will lose all the money.
There are many advantages we got, thats why today we can trade at forex. If the cost of internet wouldn't decrease then middle class people wouldn't dare to involve at forex trading.
Well, it is the common bad habit among traders, that is impatience. Using leverage while trading is not a bad habit. Bu it it should be when it is necessary. Well, i always close my trade when i get the expected profit.
Yes, it is obvious that at future many people will follow us and understand the benefits of forex trading. Because as the days are passing, more people are getting introduced to forex trading and its benefits. It will not be a strange thing if we see many institutes teaching forex trading.
Yes, that is absolutely true. When a new product or service is launched, you will see lots of advertisements. And most of the people want to try them. When they feel that product or service is very beneficial to them, they automatically start using them and will also suggest that to others.
It is always necessary to control some bad habits while trading, but are unable to do that. That doesn't mean that we can't trade if we have bad habits. Yes, we can trade. but the factor is we will not get all the advantages what we expect.
I don't believe that those who need tutor to learn are slow learner and who doesn't need tutor are fast learner. The difference is the grasping ability and learning pattern. Different people use different learning pattern to understand.
Well, truly saying that i never use stop loss. Because i get confused where to put the stop loss. Because i have seen that when the trade is going at loss it is going at high profit also. So i accept the challenge.
If i say about me, then my perfection lies on my statistic. I always get profit. But that doesn't mean I am an expert trader. It is because, I trade that time when it is very easy to analyse and can get huge profit.
Different brokers have different offers to give. Some brokers give huge benefits and some brokers give few advantages. But the fact is to identify the genuine brokers. Well we know few brokers are reputed, but we need few researches to know about other brokers.