Yes, I agree that. Demo account is a boon for newbies who are learning trading. It is like practical learning. If dedication is given 100% then anybody can learn very easily from demo account.
As other people I also don't love to lose money. So I feel little bad when I lose money at small trading. But when I lose big money in a trading I feel very regraded. And take a little break to setup my mind.
Yes, it is right. paypal is free while withdrawing money to your bank account. But other few payment processors charges for it. I am using paypal for many years. And i am very happy.
Nothing is wrong to dream of being millionaire or to be a millionaire. But it is as difficult to be millionaire as easy to dream about. It need really a hard hardwork and a tough experience.
Business means there is profit or loss. I know that loss is inevitable but adequate knowledge regarding any business can can minimize the chances of loss. Yes, at forex trading you can earn daily as per the time and investment you give.
We use the term 'trader' for ourself as we are directly or indirectly involved at trading at forex trading. But if we go through the brokers then we are the client for them.
Whenever I get profit, I divide the amount at 50:50. From that 50% I keep at my savings account and other 50% keep into trading account. This planning helps me to save money as well as to trade a big lot.
Yes, it is a very lucrative busness. But at forex trading those only can earn for long time who will control the greediness and dream of earning or becoming rich in a day.
For me it is a place where you can earn instant money at your favorable time. It is the best part time job for me. And can add an extra income to my savings by just siting at home.
I learned forex trading from few ebooks. After that I shifted to babypips. Then also I used to get afraid to trade, so I practiced at demo accounts for many days. After that I opened a real account and started real tradng.
Forex is best place for making black money into white money. And hence all the public money changes into legal personal property. It is very bad for the economy of the country.
When Liberty Reserve has been closed, then obviously brokers has to use other payment processors or else they have to shut down their business which is not possible. For me, I have never used Liberty Reserve.
I think you didn't understand what I said. If you want to make a benefits of more pips, then you have to analyse the chart carefully and then try to trade for a lot. But while scalping you don't have to analyse so much. If you see the chart for a minute then you will understand the basic thing...
It depends on the person's learning style. There are many people who learned from websites and ebooks. Many newbies learn trading from institutions. And some people learns from other expert traders.
As scalping stays for just 2-3 seconds, you don't have to watch the charts for few minutes. And if you see at any currency pair, you will see frequent fluctuation of 1-2 pips which is common. Scalpers just use the benefit of that fluctuations. They trade using leverage. So the profit of 1 pip...
I trade at my preferable day and time as I focus on 2 major currency pairs. While trading I stay very serious and focused. But sometimes for fun I do scalping. Scalping is just an entertainment for me.
It is right that expectations are based on the capital you are investing, the skill and the knowledge you have and the time you are giving at trading. But because of some uncertainty there would be some change at expectations.
Yes, thats right. Managing capability depends on person to person. There are many small traders who can manage their works and trading rather than big traders. And you will get multiple people with multiple opinions and ways.
Yes, as a part time work forex trading gives a good earning. But there is a time and day for every currency pairs, where you can earn a good profit rather than other day or time.
Forex trading took a boost when online trading entered. Before that very few people were there who knows about forex trading. Online trading gave chance to every people to participate and earn.