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I started by opening a demo account with a broker and then after few weeks I opened a real account with little investment. I also take advantage of no deposit bonus from brokers who offer such. I want to know how you learnt your?

I think you should do the following: Don't open too many orders. Don't be emotional to close profitable trades and leave unprofitable ones thinking it will reverse to your favour. What is your opinion?

Great information. Well outlined and important for every new trader. Other points to consider are:Don't open too many orders. Don't be emotional to close profitable trades and leave unprofitable ones thinking it will reverse to your favour.

I'm happy choosing forex because it is something I enjoy. It can be done from the comfort of your home 24 hours a day and 5 days a week. Good to know that you started making profit after acquiring knowledge. This what every trader should do.

I agree with you. The more brokers you have, the more confused you're. It is better to work with one broker and give them all the attention.

Yes you are very correct. Knowledge, skills, experience and strategy are things you need to succeed in forex trading.

You're right to some extent not completely. If the loss is such that your account is wiped out, you know that is not a good position to be but if you still have money in your account, you can learn from your mistake and continue with your trading.

It can to some extent improve your standard of living. But that is only when you have started making good profit from forex because there is no way your life can be improved when you have not earned.

In my opinion, online trading is still far better than offline trading. Learning consistently is the key word in forex. When you don't know, you will be cutting short your success. You will not make as much profit in offline trading as you would have made if you trade online.

Forex is suitable for anybody. As long as you have reached the age and have the knowledge, then you can trade forex. If you're a student who want to trade, it is okay as long as it will not affect your studies.

Yes they may loose money, but the fact is they have learnt how to manage risk, that is why they're professional traders. Risk management is very important in forex trading and this is what the professional trader has being able to do that make them have an edge over the newbie.

This is trying out. Get a tutor to take you in forex trading. The issue is how do you get a good tutor who is going to be willing to share everything with you without holding back. Are there still such people. Most tines what you have on websites seem not to be enough.

In my opinion I will suggest you trade manually instead of depending on robot. This is because robot may fail you one day but what you know will not fail because you always know how to apply it.

Forex is a simple concept; you aim to make money by buying a currency and selling it when the price has risen or by selling a currency and buying it back when the price has declined. Here are my tips to being a success in forex trading: - be patient - be disciplined - be determined - be...

Though you can make money trading forex does not mean it is agent rich quick business. To make profit in forex requires studying, learning, skills and strategy. To have endless success in forex requires knowledge.

Really I can't calculate my monthly return. It all depends on the persons trading ability. Some people are able to make more than hundred percent of their investment and this because they're knowledgeable in forex trading.

Offline trading? Never heard of that. I know forex can only be traded online with Internet connection. You can trade from anywhere in the world 24 hours a day, 7 days a week and done from the comfort of your home.

There are many sites that have tutorials on forex. I will suggest you take tutorials from the broker you signed up with. Most times your brokers have tutorial that you step by step on how to trade forex successful. That is the broker that have your interest at heart.

Forex is a profitable business, yes. But to say that it is a money factory, really is s somehow. Although to be profitable, you have to be knowledgeable and experienced.

Trading in the currency market means buying a certain amount of a currency, holding onto it until the exchange rate changes, then changing it back again when the exchange rate changes for a profit. Successful trading means using the exchange rate to make a profit