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While I agree with most of your opinion, I wish to disagree with point no.5. While there is no doubt that news offers maximum opportunity to make money, it is also the time when beginners lose or receive a margin call. Unless and otherwise a beginner has very good knowledge about currency...

Lack of patience is the only bad habit I have as far as trading goes. As it can be understood, such virtues are difficult to be changed overnight. So, I fix my profit and shut down the system or walk away from the computer. Usually a small stroll will enable me to get back to my job with a calm...

Oanda is one of the established broker in the forex arena. They are also one of those few brokers with clients having more than 100M in their account. They have their own unique web based trading platform. Spreads are good but gets wider during news. They also support paypal funding and withdrawal.

I prefer to avoid hedging as much as possible. Good hedgers know when to close the last position and carry forward with the other. For this, we should be able to accurately predict or identify reversals. Then, hedging will be highly profitable. If not, we will lose on either side.

Paypal invariably remains the numero uno processor of all the ecurrencies. It is the flexibility to withdraw funds with ease to our bank account that makes paypal a desired e-currency for most individuals. It is also one of the most widely accepted e-currency in product and freelancing websites...

The success in forex trading is directly related to consistency in making profits. A trader should be adept in closing loss making trades while riding on profits. Also, risk to reward ratio should be calculated before entering into a trade and as long as there is a ratio of 1:2 in favor of the...

Forex trading will certainly change a poor man's life to good as long as he is committed to learn the art of trading. Knowledge, Patience, proper strategy and implementation of the same is very much required. If so, any one can reach financial freedom in a short span of time.

Selection of a forex broker is purely dependent on an individuals needs and aspirations. Some individuals look for brokers in specific jurisdiction while spread, withdrawal or deposit methods or leverage may be important to other. So, it is better to list out your priority and then choose a...

Whether it is liquidity, low capital requirement, high profitability, time flexibility or leverage, forex market remains unmatched by any other financial markets. Also, it is decentralized, unregulated over-the-counter market. The advent of low cost telecommunication facilities has brought such...

Mayzus offers bonus for forum posting in two forms. One is withdrawable without any kind of trading while the other one is pure credit where profit can be withdraw.Unlike other brokers, Mayzus requires two identity proof verifications apart from one address proof. Also, they accept only color...

With so much of quality information that is available for free, I do not think that it is wise to pay for forex education. Forex trading is all about discipline and sticking to strategy. No education can teach that. It is upto the individuals to train their mind to trade in a systematic manner...

Getting away with bad habit is not an easy task. I takes weeks if not months to clean up our mind and shift to a new routine. One big advantage of forex market is the abundant facility offered by a trading platform. A trader with very less patience but good in analysis can simply place a stop...

I always prefer to divide my profit into three equal parts. I will reinvest the first part. Of the remaining two equal parts, I will set aside one part to manage any trading risk and use the final part for my personal expenditure. This way, I grow the account, manage risk and also enjoy a...

Everybody, irrespective of whether they are professional or amateur, face loss making days in the forex market. However, it is the ability to cut down losses and ride on profits that differentiates a newbie and a professional. Professionals do not allow emotions to take control over their...

Theoretically anyone can trade in the market. There are no restrictions, whatsoever. On the other hand, trading successfully is altogether a different challenge which only a handful of traders can face. More than 80% of traders lose either due to lack of knowledge or determination to learn and...

One of the honest brokers in the forex arena. So many options for deposit and withdrawal. It would be nice if they are 5-digit broker. The EA which I developed myself runs very well in all 5-digit brokers platform. Unfortunately, it runs into loss in a four digit platform. Technically, I found...

All robots function very well at the beginning but start losing as time passes. This is because forex market is very much dynamic and evolving. It does not stay in the same manner for ever. All robots need tweaking. If the seller of the robot continues to give support then errors can be...

Zulu trade is certainly better than PAMM from an investor's point of view. However, from a trader's angle it is not so. This is because, with Zulu trade you will make only few pips as profit where as in case of PAMM account, the percentage terms are decided by the trader. So, highly efficient...

Moving averages are trend following indicators. All moving averages have a particular amount of lag. Even though lag is greatly reduced by the use of EMA still there is considerable difference. This would result in plenty of false signals when you trade in short time frame. A hull moving average...

A parabolic SAR, as you have said in your final sentence, is very much suited to trade in a trending market. It is because SAR is a trend following indicator. In a range bound market, the indicator changes direction often resulting in frequent entries and exits. To avoid this, SAR should be...