I think practicing in a demo or a micro account will help newbie a lot. It will help eliminates uncertainty and risks and the unknown in the market. I mean there are so many patterns in forex and if you gain experiences with trades you will spot them and they will help you reduce your fear. I...
I mean there is Etoro and Zulu so you can basically make some profit without knowing anything right. As long as you go with the best trader you will make some profit but forex is not too difficult and I think any serious trader will want to know more. Knowledge is power and knowledge is money in...
I join cause I'm bored and I want to something to do that is very interesting and also I have a background in finance and business so this is easy for me to trade. I also like how fun it is and how easy it is sometimes. I also like the excitement part of it. I'm always looking for things to fill...
The more you know the less stress. I guess a ten years trader will feel no stress during a trade at all. Forex should be like the back of his hand. Yes, so a newbie will be more stressful due to lack of experiences and knowledge and outcome of their trade. But if you're experienced, you can...
I mean they trade without learning but then it will be like gambling with their money and people gamble every day with their money in a casino so I do not doubt that the same exit in forex. So I hope that they will wise up and invest sometimes in learning as it will surely pay off as well. I...
I do not lose more than I profit. I do a good job at keeping a balance between the two. I think its wise to do so. I like to manage my money so I don't lose as much. I'm very careful with my money so I don't lose more than I gain. That is the ultimate goal of all traders and that is to profit...
I just hope that they don't do anything unhealthy when they lose money. I know in gambling, when they lose they hit their wives or girlfriends. I just hope that is not the case with forex. I also know that certain brokers make you lose easier than others due to them trading against you as well...
I think its a sports to some rich people. I mean I could see them gather up with their friends and then see who would win the most money per day and then like win a prize like one k or something like that. I mean there are cups to play so definitely it can be a great sports. I think if you use...
I mean when it comes to making quick and easy money everyone has a weakness to it and I think one common one is greed and then rushing yourself to trading without proper knowledge and practice. I think those are huge mistakes. I also think mistakes like using high leverage cause they're greedy...
I guess slow and steady is so much better. Slowly but surely is what it is. This is my strategy but I think its best this way anyways. The faster we run the harder we fall right. So I prefer to be cautious with trades. I think its wise for newbie also to be slow and cautious while they build...
Of course, its unpredictable. If not, then I would not need to post for money. I can make tons of money in forex and not lose. I mean the risks of it being so unpredictable is scary so I will not trade high capital. I think this is why need to build experiences over a period of time before we...
News can be so bad for your long term trades. I mean if you leave it over night, it will either wipe out your account or you will be taking out at a loss. Cause some bad news are so powerful that the pairs will not behave like the way you think it would. I mean recently, I saw the huge...
I'm still fearful even if they have good track record. I mean I like to take control of my own profit and when I hear of managers, I just turn my head. I mean they can be irresponsible and especially when its their own business and they want to scam you so they can make up any excuse and just...
Yes, that will be true also in forex. The more you trade the more you will learn and the more money you will make. I learn something new everyday from my trades so I think a serious trader should practice in a micro account for awhile and he will pick up a lot of good experiences. I think a demo...
Not always but I had a lot of good luck whenever I trade it and I mean going long on western currency as the yen weakens against it. So, the yen loses power but it creates trends for you to scalp so why not. I have had many good trades with it. I have had luck with euro/usd but I also have had...
Well, recently, I learned that euro/usd will not always perform well. With the US capitol hill in debt and on shut down, the pair went sinking so low over night that I had to wait like three days to reverse the amount but luckily I did not use high capital so it didn't matter but it was a great...
I mean forex is not that complicated so anyone who can learn can use the net to learn and to trade or take a course or read an ebook and that is good enough and then their experiences will help more so than anything else in helping them make money. I mean the more experiences and background in...
Sure, forex can affect us daily. I mean if we win then we're ecstatic right and if we lose then the world is over. I mean how we feel and treat other around us is highly influenced by our career and what we do in our day so definitely it can be healthy or unhealthy to trade in forex. I guess all...
I think they should post in forums for bonuses and then only trade with money they can afford to throw away which is extra money and they do need to put money aside for a rainy day. They do need to pay their bills first. I mean people with family should not focus on trading but working and then...
It can be both. I mean there need not be any definitive answer to it. I think as long as you can classify it for yourself then that is good enough. If you see it as a job then its a job for you. If you see it as a business like me then its a business for you. Classification has no importance so...