Yes, we cannot avoid loss totally. Even expert traders makes small losses sometimes. But we have to stand at our way. We have to understand our mistakes and try to not repeating it again.
Yes, and you can choose your own time. Whenever you feel free and want to earn some bucks, then you can sit in front of your computer and trade. No need to call the brokers and asking for news which happened in the traditional ways of trading.
You cannot say that gambling means taking loss. But that mean I am not saying that forex is gambling. The thing is if you have adequate knowledge with some plans we can be rich in a month through forex trading. But it has risk.
I agree with that. If you gain good experience at analyzing market and charts then you are nearly an expert trader. Because your profit and loss depends on your analyse.
And with the help of forex forums we can upgrade our skills by taking the knowledge from the experience of other traders. And we can share our experiences also. All we can do at free of cost.
Yes, that is true. Many people believe that a person has made mistake because he had no knowledge about that thing. Buy maybe it can happen with us also. So I think we should be more careful while trading instead of making out someone's fault.
Yes that is right. We can only believe that a particular broker can be trusted, when we get the proof of their genuineness. And that can be only found when we search for it.
Only experienced professional traders can use robots very easily. Because they now all the terms used in the robots. And they fill the quotation as per their strategy and analyse.
Yes, it is true that knowledge is very very crucial. Not only at forex but also at every aspect. If you skip any point while learning, then it is obvious that there will be a chance of making mistakes at same point.
I think you will be different opinions about forex from different traders. And the opinions are based on the prospect the traders follow. But the default meaning of forex is that it is a place where you can buy and sell different currencies.
Actually that is a point which applies. The main thing is what I said before. Scalping is an easy way to earn small profits with low risk. And thats why many people will try to do scalping and that load will effect the server. And that effect other trading also. Thats why most of the brokers...
It is not necessary that everybody who wants to learn have to get a tutor must. There are many people in the world who have started trading by learning from a source. Not every people gets someone who will teach them by holding fingers.
I believe that using only self programmed robots can give you the profits and save your time. But now the question is that if you get that software, then can you program that software fore you?
I confess that it is very difficult for me to use it. A wrong program can give you loss instead of...
I hope you understand the difference between two words, "simple business" and "simply a business". There is a vast different. And other thing is for someone a particular business is very hard and maybe that particular business is very easy for someone else. A person's knowledge decides that how...
Nobody is perfect in this world. And nobody can be perfect. But everybody can try to be an expert trader. For that you have to dedicate your time at trading. Learn every aspects. Remember every changes you learn. When you gain experience, you step closer to be a good trader.
To every newbie I always advice to use demo account to practice for few months. Do all the experiments, play all the games there. Because more you play at demo account, more you learn new strategies.
Well, forex is really lucrative business. But I don't like to be a economics student again. I choose only 2-3 products and I try to get rough idea only. just like to study the movement of pips, because I trade one transaction in few hours.
If you want to be a trader and want to treade at forex by own then you have to learn about forex. And it is not so easy. You have to dedicate your full concentration for few months for learning. And if you want to just earn money, invest your money through any brokers or investment plans.
There is no limitation of using leverage while trading. You can use leverage facility as per your need. But it is always advised to analyse the market and your strategies before using leverage. Wrong decision can make you cry.
Forum is such a place where you can meet with various peoples. You can share your own experiences as well as you get to learn from other traders. Forex forum is best place to share knowledge both for newbies and experienced traders.