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I think its called learning from experiences. The mistakes we make can be just due to market going nuts. I mean it doesn't signify that we're horrible traders. Sine the nature of forex is so unpredictable, it doesn't mean that we will have total control over it. So, we're not at fault all the...

I think some people will not do well in forex. One, they don't want to learn. Two, they don't care to learn. Three, they just want to gamble. Four, they want to gain but not wan to work for it. I mean, there are so many people who just want to gain profit easily without any work. I think there...

I think I want more than what I have but I don't lose control over it. I don't open impulsive trades cause I'm greedy. I can control myself so as long as you can keep yourself cool and calm, dreaming about things doesn't hurt. I think we can control ourselves, even amid greed and temptation. I...

I think over trade can be unhealthy unless the market is superb but its not that way all the time. If a pro trader have experiences then they can open tons of trades but for us we can only do a bit at a time. I think controlled good, profitable trades are better than too many impulsive trades. I...

I think they need more than a demo but they start out at a demo. they gain some basic skills in a demo but then after that they will need to formulate winning strategies as well as just the basics. I think in a demo you are more reckless cause its fake money but in a real account, you will be...

Yes, in some news, you will get like more than fifty pips per release so its pretty good for scalper. Now, you must watch for those important ones. It can also dip fifty below as well as rise so beware of that as well. I mean what is up must go down as well and what is down will go up. Its the...

But setting sl little will only make you waste your time in trading. First, you will be taking out too soon and thus not allowing bouncing and also not allowing for it to rise and mature enough. And also you lose out and also spread fees as well so basically you don't want to exit every trade...

Although its hard to do long term as well but newbie can be sure to get some sort of profit rather than walk out with nothing. They can expect something in one or two days of trading but I guess that will also requires the ability to be patience and understand that they will get profit in the...

I see it only as a part time gig. I think some days the trends are so poor, I can only stay out of it and no profit can be made or at least no good ones can be made and most trades can be weak trades. So, some week, without bad news you get good trend, and during bad news you get the most...

I bet you anything that newbie sells in panic and they think the price will dip really low when its just moving zig zag like that and eventually it will hike up somewhere. I think the quick changes scares them off. As experienced traders you can hang on longer and you know it will eventually...

I think forex save you gas money and you don't have to drive to a place to work for it. I mean just commuting alone is very costly and time saving as well cause when you have to shower and get ready and stuff like that, it takes about two hours out of your days that you could be sleeping in. I...

I like to work on my laptop a lot. Its a dram come true if you could work online and make a good living from it. I think forex is very fascinating. I think it gives off many opp for people who loves the Internet like me. I'm pretty living online. I do work offline but I prefer to work from my...

Thinking about the potential of scams is a good start for newbie. Since these are online businesses, its so much easier to scam gullible people into pamm or hyips and such so beware. If you're seeing something that sounds too good to be true, its probably is as the old saying goes. There is no...

I guess you can learn unique strategies from experienced traders. But I'm not sure if they're willing to share their best strategies with you. I mean they could share anything but it doesn't mean that is bullet proof and will work all the time. I think we are all capable of formulating a good...

Scamming in forex can come very sneaky and you might not know about it. Snipping can be something that is considered fishy in forex but it happens all the time. You get a higher rate than what you want to order. Sometimes, not allowing you to cash out fast enough or in emergency situation is...

The reality is that we all get greedy and as long as you don't let it make you lose then its ok. I mean come on, you don't' want to win some good profit. If not, you would not join forex right. Greed is one of our basic human instinct. We are all guilty of being greedy but as long as it doesn't...

Experience is everything when it comes to forex. As long as its coupled with knowledge the trader will gain more profit as years go by. The more years go by the more money he can make. I think its a linear trend for that theory. Just like a brain surgeon right, the more years he did surgeries...

The market changes daily, weekly, monthly, and annually, so there is always something new for us to keep up to. If we don't keep up to news, we will be missing out. I mean news are different daily and it change the way you trade and the pairs rate significantly daily so we need to learn until we...

Some could be from stock trading so they would have some financial fundamental grounded already. I do have business and financial experiences before I begin to trade so I'm not totally a newbie to the financial world. I think the pro could have some really extensive background in other...

I don't know anyone who would put all of their money in forex. If they do then they must be drunk or not thinking right. Or they're way too wealthy like W.Buffett and do not care how much they lose as long as they can gain so much money. I mean I've seen gamblers stop by a casino and pull out...