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This is good information and should be adhered to by traders. Many traders have been scammed because they were not properly guided. This info is very timely.

I agree with you. In forex trading, new traders or beginners should acquire knowledge first before even starting trading.

Forex is not a get rich quick venture though it brings money but you would have to work to ensure that happens. You don't sit down doing nothing and expect dollar rolling into your account. You have to get knowledge of it first before you can start earning.

In my opinion, there is no particular time to buy or sell. If you have knowledge of forex you'll always know when to place order because you would have done your analysis and arrive at a conclusion.

Yes there is hardly any business without risk. So also with forex but you have to work on minimizing the loss and maximizing the profit.

Yes with these tips it will be difficult for new traders to loose. No not after they've put to work theses informative tips.

Forex in my opinion, is an easy way to earn only after you've studied an acquired knowledge. Without knowledgable you'll no be able to earn in forex.

It is good to have different channels of income and you having a job while you also trade can be fulfilling at least you have more income to meet up with you different obligation.

Yes a trader s loss doesn't make him a failure but a better way for him to learn. In such time a trader should take time off trading and find out what he didn't do right.

Yes I agree with you. Giving up forex because of loss is being shortsighted. You don't give up when you loose rather you find out the reason for loosing and correct it.

I don't think it is wise for a trader to quit his job for forex. In my opinion, even when you're making more than enough money still don't quit. Just have more source of income for yourself.

This is very informative and worth applying in our trading. Every trader who would just follow these points will become successful in their trades. Knowledge is needed to be a successful trader.

Yes learning should come first before earning. When you don't learn forex there is noway you can earn. You must acquire knowledge first, practice on demo account before you start real account, then you can earn by putting all you've learnt to practice.

In my opinion, I'll advise that new traders spend at least six months practicing on demo account. And even when they start trading on real account, they should still keep trading on demo so as to acquire more skills and strategy. There is no end to learning in forex trading.

The person who doesn't want to be knowledgable, who doesn't want to practice, who doesn't want to be experienced in forex should not trade forex.

In forex trading knowledge is very important to become profitable. You buy when you predict that price will go up and sell when you predict that price will come down or low. This is just the basics to buying and selling. You can get more information from ebooks, forex videos on YouTube, and...

Not for anything. No even is worth me quitting my job. That is also my advise to all new traders. Don't quit your job just to focus only on forex.

You're very correct. With these tips newbies should be able to know how to go about their trading without hassles.

Yes you're right. It is easy to learn for the one who is willing to learn fast by practicing on demo account.

Wow! Congratulation to you. That means your road to success is quick and its very commendable. In such a short period, you were able to make so much. With more knowledge you're limitless in the world of forex.