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I think it can be hard but once they know how to long term can be more profitable or at least intra-day. I mean gaining like 100 pips is surely better than ten pips. Now, in scalping, you might just be able to get like 10 pips but in intra-day, you can get at least 80 pips easily in some good...

A demo is not psychologically enough for a trader. Once you lose with your own hard earned money then you will know how much you should practice more. I think a newbie can try a forexcents account to gain some more experiences with bonuses over there and also deposit some small capital to trade...

There are six ways to skin that cat. Anyone who do things only in one way is kind of limited. I do not want to limit myself. Its like saying we should only do forex and ignore all else that helps us earn money like copy traders or work or invest in stocks or real estate or do online businesses...

Some day its not blissful for me. I'm rather blue on some day like today, a Friday, so slow in trading and thus I do not trade on Friday and therefore no profit. Someday, its miserable in this kind of business like the last two weeks, hit with bad US news, so some pair do not perform as usual...

I think many newbie walk into forex thinking this way but as soon as they lose they will realized that forex is not a get rich business. Its more of a losing kind of business if you just want to rush with it. Forex is not for rushing. Even if you get lucky, its only one or two times then you...

If you go to the casino, eighty percent of those people in the casino can't do forex. Cause they are gamblers so they're used to gambling and then throwing money away just for the heck of it so they can't do forex. They're not interested in learning it the hard way either. Most of those gamblers...

I wouldn't ask this question. The more you know the more you earn. In this kind of business, its all dependent upon your knowledge so do not ask how much but rather how much more can you learn. If you don't know much, its like trading blindly so make sure you're not trading blindly. You must...

I have good intuition but I think as we become more experienced, our intuition is like the first brain and it helps us make good decision in forex. We become in tune with our trades so sometimes, our intuition will lead us to the right path. I trust my hunch a lot of time. Its a compilation of...

I think as we gain extensive experiences, we can forecast it better than the newbie. Although, no one can be certain 100% all the time in forex but as you gain experiences and intense knowledge, you will have a higher sense of accuracy in your prediction. I mean there isn't much to forex once...

I feel like reducing lot size, capital and leverage will also reduce fear. The higher those variables the higher your fear. I mean who doesn't get afraid of losing high capital right. We need it to pay our bills so just use it modestly. I prefer modest capital. Also, trade in a good market...

You can reduce risks though so don't allow it to control you. We can reduce our risks significantly with money management, low capital and leverage and also follow up with news. If we manage effectively then lose is little and profit is possible. IF you make reckless decisions you will lose so a...

Just grow your knowledge base, experiences and keep up to date with news and you will do well. I think news will help us predict the market a lot. The traders follow the news and they trade accordingly so we can get a good idea of how the cattle call will perform. Market behaviors should be well...

I've heard of fxcm doing this, manipulating their own system overnight as we sleep. I've heard of some brokers doing it. I mean these are software that we are working with and software can be change a lot so we must beware of such a thing. I also see snipping and high spread as form of them...

I prefer forex overall cause of the convenience it offers. I like 24 hours and also very low capital and bonus in forum posing and bonus upon deposit and fast liquidation as well. Volume is so much higher in forex than in stocks. Many are involved in forex while few in stocks. You need money to...

There are a lot of promo online so we must watch out for those sugar coated messages. Of course, they're not going to say that most of our traders lose like 78% of them lose on fxcm according to their stats. I mean who will join them with that losing rates but the losing trades is above 80%...

To be safe, always save some percentage of your profit, no matter how much you decide to save. Some saving is so much better than no saving. It will affect your psyche if you don't save and then you get all greedy and use all of it and then lose it all. Its possible to lose more if you have...

There are better business out there but they required high capital like several hundred k which not most of us have who love to do business. I mean you have to devote all of your time to running that business and it might take years before you become really profitable or you might turn a loss...

There are those who are stocks traders already and they might move to forex like me. So, they have the basics down and they might understand the market more then a forex newbie. I think there are most things that can be in common between the two. As long as you have a good understand of the...

Anyone who ask the chance question is gong to lose. You cant' trade by chance in forex. Even when the knowledgeable experienced trader will lose with tons of analysis so if you're trading blindly then you're just playing games and being foolish with your hard earned money. In forex, we always...

What I also mean is that if you are a gambler or have impulsive problems then you will lose a lot in forex and forex might not be for you. Ideally, you should be a serious investor who learn and practice enough. I mean there are gamblers everywhere so they're full here in forex as well. Also, if...