Never. Scalping is the easiest way of trading. That's why most of the brokers does not allow scalping. Scalping does not need any chart study or analyse as trading stays for few seconds. Scalpers just focus on one major pair. When price goes down they buy, and within few seconds when price goes...
Yes, that is true. Most of the newbies bump the trading at demo account within few days of learning for the anxiousness of earning money. They may earn few bucks but those newbies will always suffer loss while taking a big leap.
I agree with Decub what he said. Bad habits are very hard to control. And for that you need a strong will power. But most of the remedies depends on what type of bad habit you have.
Path to over confidence comes goes from confidence. Most of the confident frequent winner or profit makers becomes over confident at one point of time rather than a steady and slow winner. But as I told, one distraction can take a good trader on a right way.
Thats not a bad idea. But i think that if you have huge capital then also staying with one genuine broker and trading with various products is the best idea. It will reduce the work pressure of handling multiple brokers and trading transactions.
At forex you cannot earn until you have enough theoretical and practical knowledge about forex or unless you are born talented person. When you get the enough knowledge then it will be very easy for you to understand trading and earn from it.
yes, that are some mistakes which are out of our control and is most of the the time inevitable. But this occurs very few times. So that doesn't effect on your other profits unless you are investing huge capital and losing a part of it.
Most of the people thinks that forex is part of gambling and here you can earn unlimited instant cash. And they think because they don't have the basic idea about forex except buy at low price and sell when price increase. And because of this concepts that traders lose money.
Robots are not machines or robot we see in films. It is just a software which is programmed by human being. Robot will do most of the necessary things which a expert trader can do. But as newbie or little experienced traders, relying totally on robots are foolishness.
Forex is as addicted as gambling because of earning instant money. If you have good analytic skill then forex can be a good earning money. Or else it is the place of losing money as other gamblers.
Yes, we cannot figure out that how much we can earn through one trading, but we can set a target. Though loss is inevitable, we can lower the chances of loss and earn more money. We can set a average monthly target. But we cannot say exact amount of earning.
Yes, we make most of the mistakes while analyzing market and buy/sell timing. If we get the perfect idea on that, then we can do most of the trading error less.
Yes, that is right. We cannot use one strategy all the time. We have to use it as per the market situations. And that will help to earn more profits and minimize the chance of loss.
Actually demo account is not a real account. It gives all the facilities of real account. Just the matter is you cannot earn from demo account. It is used to learn how to trade at real account.
If you have never ending persistence, patience, skill and knowledge then forex is for you. But it is not so easy as it looks and it is not so difficult to understand. It depends on the person because every people in the world doesn't have same characteristic.
This is true that those who learn from their mistakes can build their own success. But is also true that there are some mistakes which cannot be the part of the lesson. So it is better to avoid those mistakes.
It is nothing but a piece of software which can be program those software as per our necessity. There are many companies which sell quickly rich making robots with money back guarantee. But beware most of those all are fraud.
There are number of reasons for having loss at business. Lack of knowledge/skill/market analyse, greediness, nervousness towards losing money etc etc. Now it totally depends on the person that what he is facing.
Yes, thats true. As in forex you can earn instant, this point attracts many newbies. Which gives them the glimpse of earning good amount. And thats why most of the newbie ask how to earn quickly at forex trading.
Yes, profits and returns are quite depends on the capital invested. And then it depends on time using for trading. Overall there are many factors which decides how much you can earn in a month.