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I agree with your opinion that trade size should correspond to the capital in the account. This would enable a trader to reduce risk and avoid margin calls. Mostly traders who use higher leverage and trade size face issues related to capital. So, it is wise to determine the lot size prior hand...

It is always better to select a broker based on our trading style and certainly not based on the freebies given. It will invariably land us in trouble. A trader should always look for ideal trading conditions that satisfy his needs and aspirations. Unless and otherwise such a broker is chosen...

Trading without demo practicing is like trying to swim across an ocean without learning to swim. A trader who makes such an attempt would invariably suffer substantial loss. Without demo trading, a trader will not have sufficient understanding about the use of forex trading platform. Also, he...

Forex, being a speculative profession, does not guarantee any specific returns. The return can be even negative. An adept trader makes anywhere between 10% - 40% per month. However, nothing can be guaranteed. Even the best of the traders fail some times. But professionals always look at longer...

MACD indicator is very much useful for swing and long-term traders. It serves both as a trend following and momentum indicator. However, MACD will not serve well when used for day trading. This is because of the lag it faces. However, it enables a trader to understand impending reversal because...

It is always better to avoid a paid forex course. This is because trading can never be taught in theory class. Only experience and determination will enable an amateur trader turn into a professional. All other requirements such as indicators, trading strategies, risk management techniques and...

I agree with your opinion that part time trader can be as good as full time trader. However, this opinion is perfect when the trading styles are based on daily or weekly charts. Those traders who opt for intraday trading cannot be compared with a part time trader. Such an intra-day trader can...

Demo trading is good and enough for a trader only if risk and money management strategies are adequately employed while practicing. Unfortunately, most beginners dwell into trading techniques without giving importance to risk mitigation techniques. This ultimately results in a problem. Demo...

Usually, legitimate brokers will only have algorithms to manage their own risk but will never hold or manipulate position of a client to make money for themselves. A broker may execute a trade as a market maker or allow completion of the order through another opposite order from his own client...

No. It is not the question of choice but depends on the algorithm they use to open counter orders with a higher tier broker. Usually, in a fast moving market, the data which the client receives in his terminal would lag a bit. To avoid a client from taking advantage of the same, most brokers do...

Forex trading remains tension free as long as a trader sticks to the well tested trading strategy. However, it is rarely the case. Usually, market's volatility confuses a trader and emotions such as greed, hope and fear creates an undesirable impact on the trader. This leads to errors in...

The difficulty is that not all are born with interest towards speculation. So, those who do not have interest in non-traditional investment activities will always opt for other sources of revenue and affiliate marketing will suit them most. For them, forex trading will be a strict 'no-no' deal...

Trading is a psychological battle which is fought within ourselves. A trader with mind control will be able to rein over the market. Never should we blame others for our losses. Market only creates confusion in the minds of traders who do not have confidence in their strategy and not otherwise...

Most of the EA's perform exceptionally well in the initial days. Then the performance starts lagging. This is because, forex market is dynamic and evolving. No particular strategy works perfectly for ever. Thus, all programs require fine tuning on a regular basis. Unfortunately, those options...

I am basically a stock trader who entered into forex trading only a few months back. Stock trading is highly capital intensive. The maximum leverage I have seen in stock trading is 1:10. It is mostly in the ratio of 1:4. Also, the returns will not be this high. However, there are some advantages...

Research is always needed in choosing a proper broker. It should be done from two angles. From the perspective of find a honest broker and also the one who suits our trading style, needs and aspirations. It would certainly take time and impulsive decisions should be avoided. It is better to...

All major inventions and discoveries came up because someone had a dream about it. As long as we do hard work, dreaming to become a millionaire is appreciable. It will only act as a morale booster. On the other hand, dreaming without any effort from our side will no way have a positive impact in...

Trading in a calm or serene place is very much a welcome move. However, trading in total isolation may make you become depressed. Also, it is better to inform our family members only once in a month or so about our progress and not on a daily basis. Everyone cannot accept the fact that...

Even with exotic pairs there is a possibility of making profit if we go in the direction of trend. However, there are certain currency pairs like NZDUSD which are extremely volatile and tend to zig zag often. These are most difficult to trade as per my opinion. It needs more capital and patience...

Losing in a casino is very much expected as odds are in their favor always. However, a trader should take the blame for losing continuously in the forex market. Impatience will never allow even a trader using the best strategy to succeed. It will only make him to exit trade early or enter at the...