Yes, I have seen many newbies who practice at demo account as they are forced to do any homework or test at school. And this neglection creates a wrong path for them and ultimately everyone knows the result.
Yes, there are many people who think forex trading is very easy thing and easily can earn from it. And because of it they lose there money. And then they behave like the fox in the story of "The Fox and The Grapes".
Because of the internet world became in our hand. Now forex trading became much more easy, transparent and accurate. And most of the people who want to involve in the trading can trade easily.
I am not an expert trader. I go through news and reports very few times. As it is a part time work for me, i don't take that much pressure. But I never trade through investment plans. I am happy with my own earning.
I think it is best for select 2 - 3 currency pairs and analyse the market for 2 weeks. You will get the average report you needed. Then you can plan that when you want to trade which currency.
Not only forex, at everything you need to keep patience and learn. At every thing from waking, brushing, eating to trading you have to follow step by step procedure. Even while commenting at this forum also need to follow step by step procedure. From writing to check spelling and grammar to...
Yes, that is the common fear between every person. Even I think same like. But still i think that if there is a chance of one broker turning scam then then there is also a chance of multiple brokers can change into scam. So if I ever invest through the broker, then i will take time to go through...
Actually in this world you will find different types of people. Different people think at different way. So it s not difficult to find some people who don't now anything, but they behave like they now everything. Such like your neighbors. I wish trading could that simple.
Using robots can reduce the work pressure. But getting good robots is very difficult. Most of the companies which sell robots which will make you quick rich is fraud. You will waste your money. So before buying robots, go through there genuineness. It will save your money and you will get a good...
There are many people who withdraw all the profit earned from the trading. But there are many people who want more capital to earn more profit, so they add that profit to the capital.
Personally I withdraw the 50% of the profit to my savings account and I add rest of the 50% to the capital...
Those who have never done scalping can think scalping is as difficult as normal trading. But those who use scalping, it is very easy strategy for them. It depends on the person's trading style to understand what the scalping is.
Yes, thats true. Starting anything is not difficult but to maintain the stability is very difficult. If anybody is involve at forex trading, then obviously he is to earn money. Now the traders has to decide that what can he do for earning money.
You are right. Using demo account for trading is like doing practical training. I also love to trade at demo account for fun or to do some experiment. The more you are comfortable at demo account, the more you will be efficient at real account.
Yes. If any person is poor and quite illiterate then I thin there is no place for him at forex trading. So I don't think that there is something to discuss about poor and illiterate people.
Yes, it is true that nobody can be perfect. But atleast we can try to be perfect. We can't leave learning and practicing by thinking that we cannot be perfect. And that we say professionalism.
It is a common sense that there is nothing which can teach you everything. You can gather theoretical knowledge from anywhere but not the practical knowledge. It has to be gain by ourself.
As forex is something where we buy or sell currency pairs, so it is simply a business. And it is known that the more you have capital, more you can earn profits. But now there are some sponsored forex forum which can solve your problem of insufficient capital.
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As forex...
Yes, that is right. but nowadays anybody can get books at market about forex trading. If they can afford internet services then they can download ebooks or learn from websites. That will give the basic knowledge about forex.
Not only forex, most of the business in the world is not so easy. No business can make you rich at one night. Every business needs analytic skills and ability to plan trading strategies and knowledge about the business.
The simple fact is if you have the knowledge about the particular business...
Yes, you are right. Loss is something which is totally inevitable. Every trader whether he is less experienced or more face loss in his trading period. But we can reduce the chances of loss with the help of our skill and knowledge.