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Well such things happen but you don't give up for anything. When you loose a trade, in my opinion, I'll advise that you take time off trade and find out the reason for the loss and correct and then continue your trading. We don't give up you know!

Yes you're right. It is money lent to you by brokers. For every dollar you invest the broker has certain amount given to you to trade with.

Yes it is for the one who has acquired knowledge and skills and is experienced in forex trading. But for the new traders, it may be full of tension because they don't want to loose.

Yes I agree with you. There are times when you have to diversify your strategy so that you'll be able to meet up with the demand at the time especially when it is what you need to do to be profitable.

Yes you're are correct. Before anyone should embark on starting forex one should count all it takes to become a forex trader. Know that it doesn't happen overnight, there is an effort to put to ensure you succeed and become profitable.

The main thing I think is responsible for loss is lack of knowledge. Another thing that causes loss is not sufficiently applying risk and money management skills.

Beginners forex tops could be and not limited to: - knowledge - practice with demo account - skills - strategy - patience - discipline - determination

You're absolutely correct. To trade forex, you need to acquire knowledge. It is not for those who don't want to workhard. In forex, you must put in some effort to be able to profit.

Android apps are available for trading. To get it go to google play store to download. It's that easy but you have to find out if your broker support it because not all brokers support it.

You are right barood4money. It is only those who want to waste money that invest without knowledge.

Yes your elder brother is right. You cannot trade forex without knowledge. You'll need to be experienced to trade forex. The first thing to do is to practice with demo account for as long as you're willing to learn it, then you can proceed to open a real account.

I agree with you. Trading with a reputable broker keeps far from scam. It is better to do your research before you trade with a broker. Read reviews about them, compare and decide which to go for. Before choosing a broker, it is wise to ask questions in forums like this.

The time limit will depend on the trader. One may spend a period of three months and is able to learn all in that short period while others may spend a whole year and still learn nothing. The question is how fast can you learn.

I agree with you that forex is only for those who are learned trader. They have knowledge of forex. That means that even if it a money making business, it is only those who have the knowledge that can make profit.

Yes world political event or happenings can have a great impact on your trading. I think such event should be global and not local for it to affect forex trading.

Yes you're absolutely correct. To profit in forex market, you must have knowledge, skill and strategy. Forex is for those who workhard and are patient and disciplined. These ones are the gainers in forex really.

Yes I agree with you. After practicing with demo account, the next thing is open a real account, it is advisable to invest small amount to reduce the risk of loss which could happen to a newbie and then gradually grow your account.

Most definitely. Knowledge is the bedrock of forex. Without it, you'll be lost. It is advisable for traders to seek first and practice on demo account before starting forex trading.

I have an account with instaforex and I must say that I'm impressed with their services. I have never really had any issue with them and I like the fact that one can have multiple account.

Yes robots help you to earn. But I understand that they're very expensive and they fail at times. So this makes manual trading better and more reliable.