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The benefit is money of course. But traders will able to generate money after they are knowledgeable and skilled. Traders have ability to conduct proper analysis which lead them to get profits more than losses in trading. But money won’t come if traders have no appropriate knowledge and skills...

Professionals are skilled traders who basically, not necessary to get income from other source because they are has been profitable from forex business. They are trade with high amount of capital which enabling them to use high margin in trading. The profit is high too which more than enough to...

Copy trading surely easy and lead newbies to conduct live trading without necessary to spend the time and effort into learning. Well, basically that is newbies right and decisions. They can become skilled or keep being newbie for the rest of trading journey. In my point of view, better still if...

Traders have different parameter in choosing the brokers. Some search regulated forex brokers, some search brokers based on bonus, services, minimum deposit, trading platform, etc. however, since brokers who have right to pay our profit, we need to join a brokers which has been reputable and...

Require around 6 month if traders want to mastering short term strategy and make it improve as well. And around a year if traders use long term strategy. So, basically traders can’t become profitable overnight or become skilled overnight. Long period of practice, observe the market including...

News have significant role to lead the market to move. Even high impact news will create high volatility range in market which can make traders to get high profit. Or in opposite, they are get high loss result because have no strategy to take advantage from news impact. Majority momentum on...

Plan necessary and enabling traders to trade in appropriate way. I don’t understand about instant strategy because as I know that every strategy made based on specific plan of how to analyze the market. But if its regarding with the way traders get the strategy, for example, copy from others and...

In order to control our bad attitudes, we only need to keep practice to be discipline in trading. The way is by remain stick with trading strategy and risk management rules. If traders have no guidance to make them remain discipline, easy to them to do unnecessary thing in trading. Which causing...

No perfection which explain that traders could gain perfect result in trading. Traders can’t avoid losses being occur and their task is just tried to make the loss minimize. Or in other word, traders should able to generate profits more than losses in trading. We are good as a trader if we are...

The best way to deal with forex is accept the fact that this business risky. Traders have chance to get loss result and even losing all of money if they are have no proper knowledge and experience to conduct effective trading. When traders accept the risk as part of trading, they’ll start to be...

Require to determine the session of market if traders use intraday style of trading. Usually, intraday traders choose to trade in london and new york session since that is the time when market being volatile. But if traders choose to use long term approach in trading, entry timing not based on...

Many traders prefer to use meta traders since easy to get custom indicators and install EA. While I rarely see custom indicators available if traders use other trading platform. Moreover, MT4 platform support for even old windows program. Doesn’t require specific features which it available only...

Leverage help traders to trade with high lot size though actually they are have small capital in trading account. Leverage is part of small contract system which give traders loan to trade with standard contract. If traders choose to use 1:100 leverage ratio, mean traders trade with $100 value...

I join forex trading because this business offering high amount of potential income. Moreover, leverage available which enabling me to start trading with small capital. However, this business difficult and risky also. Which make me to conduct learning in order to be able to analyze the market...

Traders can use big lot size in order to get big profit from trading. However, such way risky because traders will losing high when they are open wrong position. The safe way is stick with small profit and risking small margin per trades. Not necessary to rush or to be greed just because have...

Well, many of traders have specific rules which enabling them to trade effectively. And indeed, we need a rules which guide us to trade properly. However, some specific rules can’t implement by any trader. It due to that every traders work with different strategy. Which make them to have...

Well, I should agree with thread starter that successful trade is when traders able to become effective. Which mean, traders can trade at the good timing and able to determine when the momentum gone to close position. Point out good trading timing and when to exit is not easy. Traders should...

Before choose a forex broker, traders need to read review which give information regarding with advantage and disadvantage. Some brokers not allowing traders to conduct hedging or scalping. And if traders trade with such method, surely they cannot join the brokers which not allowing them to...

The best thing is take practice before traders jump trading in live account. No chance to get good result when traders trade in live account but have no sufficient knowledge. Demo practice probably will takes long period of time, but if traders able to focus, have chance to be prapared fast and...

Demo practice enabling traders to test many strategies, and observe the market as well. it make traders to be able to trade in proper way when they are jump trading in live account. For traders who have no knowledge and trading strategy, take demo practice is a must. They can’t trade in live...