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Undoubtedly long-term trading is the most profitable one. The richest traders in the world are usually investors or long-term traders. However, long-term trading in forex market is very difficult. We should opt for low leverage or use large capital. This is because, long-term charts (daily...

I actually did almost the same way you mentioned above, almost a year back. I traded with MT5 forum posting money. Finally, I also withdrew $150 as profit from Instaforex. However, the money was lost due to LR shutdown. I still have that account. However, at some point of time I felt that an...

So many regulated brokers have closed office in the past, the last one being an Israel based binary option broker who got clearance from Cyprus regulatory authority a month ago. Forex is a OTC (over the counter) market. Thus, regulations have very little effect on the broker. Even though it...

If you are a experienced trader with proven track record then multiplying a capital of $1000 is not a big deal. However, if you do not have experience then it is wise to open a micro account after practicing and building a strategy in a demo account. This way you can learn trading without any...

Both fear and greed should be reduced. However, as per my opinion, it should not be mitigated totally. This is because a certain amount of fear is very much necessary to emotionally force a trader to close position when it is necessary. Also, a small amount of fear cancels overconfidence that...

If at all a change can be done to forex trading system, I would like to see that all forex brokers are monitored by a centralized exchange. This will remove the unworthy brokers from the business and ensure confidence among trading community. It will not be an easy task but if there is a real...

The saying "practice makes a man perfect" applies to forex trading as well. No trader, how much ever intelligent he may be, cannot straight away trade in a real account and make profit. A lot of homework in the form of practice and strategy creation is very much required. Actually, practice does...

PM is not like LR. LR does not require you to prove identity or reveal anything about you. We can have multiple accounts and no question is asked when suspicious transactions are done regularly. On the other hand, verification process instills confidence in PM. If necessary they can divulge...

Even if we have good trading skills, still taking too much of risk would land the trader in trouble. Trading is all about managing money and risk efficiently. As long as there is balance between the same, trading will be a wonderful experience. The minute a trader stretches the limit, stress...

As long as a trader understands his mistakes and tries to rectify the same, losses does not matter in forex trading. It is a part of the profession and even well established traders face such situations. The problem aggravates when a trader repeats past errors. This leads to a series of losses...

Cyprus falls under European union. This gives a lot of credibility to the country. On the other hand, the registration process is little bit easy. Thus, Cyprus offers a double advantage to the forex brokers. As a forex broker, the main concern would be to run the business without any regulatory...

Forex trading does not demand huge capital. In fact, it is one of the least capital intensive professions where presence of mind, strategy, dedication and discipline of mind plays an important role. A small capital of $100 can be multiplied very quickly in a short span of time by a smart trader...

There is no possibility to avoid losses. It can only be reduced. Use of stop loss facility and reasonable leverage can go a long way in achieving success in trading. Furthermore, the trading strategy should be all inclusive. It should clearly define entry, take profit and stop loss points. After...

A newbie should initially do some research work in selecting a broker. This would go a long way in shaping his forex trading career. It is always better to select a 5-digit broker instead of a 4-digit broker. This is because, in the future, if the trader wishes to build EA, it would be quite...

Scalping is not that easy as many people think. It needs a lot of precision in entry and exit from a trade. It should be the last resort of a trader with successful track record and experience. One or two trades a day is very much a preferred one. It gives a lot of time for the trader to analyze...

I think the main difference between an amateur and a professional trader is the way they handle a loss making trade. A professional trader will never deviate from the strategy and book loss at the previously fixed price. On the other hand, a beginner tend to change the stop loss with the hope of...

Getting obsessed with trading is never a good thing. A trader should enter a trade only after assessing the pros and cons, when opportunity pops up. Merely forcing ourselves into a trade just for thrill or excitement will ultimately prove suicidal. It should always be remembered that losing...

Demo account plays a very important part in shaping the career of a forex trader. It enables a trader to understand the trading platform thoroughly, to begin with. Furthermore, a demo account allows a trader to try out various strategies without any worry of losing money. Additionally, new...

Investments in financial markets should be taught only after a student attains certain level of maturity of mind. At school level, a student is not expected to exhibit seriousness when it comes to financial commitments. Thus, it is included in college syllabus, after a lot of thought. Moreover...

The concept of binary trading, as such, looks brilliant both from commercial aspect as well as from a trader's perspective. However, there are some scintillating questions which are never answered in a convincing manner. The most important of those is how is the risk managed by the company...