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Newbie traders can trade with bonus money because they are not yet having enough trading knowledge. They can use it to very learning how to trade in the live account. When they have known the way to handle their account in the live account, they can start investing.

Any body that has the trading knowledge can trade forex. We can see that college students are trading in forex and they are making money from it. If the person is sure that he or she can trade, I don't think that age will be a barrier.

It is good that the traders should have a positive trading psychology. There is a saying that goes, what you think from your heart is what you are. Every trader in here in the forex market will want to be a very rich trader, they should try to put their mind at learning to trade well.

I don't open a too long position. Most of the times that I want to leave my position floating for a long time, I will allow for four days maximum but I do not do this thing all the time. It is in few of my trades that I do it.

It is not good to over trade. If a trader opens that big number of positions, he or she is putting himself or herself under the pressure of making profit by force. It is good that a trader will be able to learn how to open the position he or she can handle.

When I lose more, I trade more in other to recover those losses. That is the way I usually use to recover my losses. I will give myself a day off without trading and continue the next day, I can trade serially for three days to see if I can recover the losses. Sometimes I will recover them, some...

Why I like forex is that you can very able to make money in here very fast. You can be able to scalp and make profit. It is true that the profit will be very small but when you areally doing it continously, you will be increasing the profit small small. That is why there are many people who are...

I don't think that emotion will be able to save a trader. Emotion is a bad thing that is in forex and most of the times, I will think that it is the reason traders are losing. It is better when the trader will learn how to be trading without the attachment of emotion.

If you take low risk, you will lose low but when you are expecting to lose low every time, you will not be able to grow. If you see that there is a chance for you to be able to make big money, you can increase the risk. This thing will be able to give you high profit.

I don't take the same type of risk in all of my trade. If I analyze, I will know the type of risk that I will be able to take. When the market looks better, I will take higher risk and trade with a high lot so that my pips will be bigger, when the market is bad, I will take low risk.

That is true. Loss is part f trading but it is a bad thing. No body will like this part of trading to visit him or her while he or she is trading. When the trader is losing all the time, he or she should try and know what is the cause of the losing. Whereas traders will lose in forex, the losing...

High profit is better than low profit. But before the trader will be able to go for high profit, he or she will know how to trade and how to manage risk. The reason why people are trading in here in forex is that they can be able to make high profit and not low profit. Me, I prefer high profit.

If a trader wants to get rid of fear in forex trading, he or she will be able to know how to trade. It is lack of knowledge that lead to fear. I don't think that to remove fear from forex trading is impossible. It is possible, but before a trader will be able to do that, he or she will keep on...

The best place that a trader can be able to trade from is from his or her house. If you trade from your room, you will be able to concentrate because there will not be any type of distraction. I like tradingin my room than any other place because I like concentrating instead of distraction.

I have not invested in pamm before. Why is because, I like to handle my account. I like to trade by myself and when I lose, I know that I lost. I don't like to give the trust of my trading capital to another person to manage. It is not every pamm manager that will make you profit.

It will depend on the type of book that you are reading. If I am reading the book of the basics of forex and the book start talking about things that happened in the 1900 I will not pay attention to the book again. I like the forex book that I'm reading to be the type of book that will tell me...

Fear is not a good thing in forex trading. Before trader will be able to be a good trader, he or she will be a tader that is not always being afraid. Fear will lead the trader to make mistakes and not to trade properly.

It is true. When the trader is able to know how to make use of one strategy that is good, he or she will master that one strategy. Mastering that one strategy will make him or her to know how to be able to use it very well. Many strategies can confuse a trader.

The two types of trading is good but the thing that the trader will be able to understand is that binary is very very risky more than forex or ordinary forex trading. Binary is faster to lose money because there is no any money management but it gives you a high profit.

Were don't need any particular knowledge. That is t say that knowledge is endless. We will be able to learn every day by day that we are trading in here in the forex market. No knowledge is a waste and we should learn everything that we can in forex trading.