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Well poor ones are not recommend to enter foreign exchange market, especially ones who work hard to earn money. Foreign exchange business is not the job that you may get after studying at university/college and start earning money for working.:) Another reason for this is FX business become...

That's what we should keep practice believing in our plan, and never be fearful due to any reason, even if some experts trade against us. However, it is useless to believe when we don't have anything (knowledge and experience), therefore understand the nature of market is important.

The best way is finding something to do: playing games, chatting with friends, or whatever as long as it makes traders forget about trading. Experienced ones know what they should do, so thing above is for beginners or who are afraid of losing while trades are still opened. If traders have...

I've already see the account that has been using that system in MyFXBook. It seems good: 17K% in two years. I don't think that system will work properly if too many people use for making profit or it could fail when dealing with dealers who always wants their clients to lose money.

I don't like this feature because my IP is dynamic and I'm often required to enter PIN code whenever I log-in. And about verification, I had no difficult completing verification process, just one or two business days and everything was done.

But I think it is very easy because scalping rather requires traders to have much experience than knowledge; however, achieving 50 pips a day is so difficult and I don't know how many scalpers are able to do this. Scalping also requires traders to be very disciplined since risk will increase if...

Although we are traders, we can learn from investor Warren Buffett. He is only famous for his strategies but also focusing on long-term, usually 10 years :D. Traders need to wait for good entry which reduces risk and maximizes earnings. Traders also need to wait for profit because everything...

That's good. There is no need to waste our time on those bad brokers while there are many reliable brokers such as RoboForex, FXDD and FBS that offer low spreads and allowing scalping.

I don't like to trade exotic pairs since most brokers charge high spread. I occasionally see an opportunities when I look at AUDJPY or GBPJPY but I'm afraid of trading due to high spread AUDJPY 10 pips and GBPJPY 7 pips.

Yes! While trading in demo account, traders don't care how much they lose because virtual money is always available. Therefore, they may not understand the importance of money management and it especially necessary for long-term traders. Furthermore, there is also impact of feeling, traders...

Good for you :), Perfect Money is never safe to use. Web Money doesn't seem popular but well established, it's been online since 1998. Due to low fee, few FX brokers use it for processing payment.

I haven't ever encountered this situation. Though account manager called me, it is not due to trading advice. However, everyday I receive reports from brokers and in reports, they give their "preference" (not suggestion) on GBPUSD, GOLD, SPX500. It's our choice to follow them as they state that...

It's true that in order to achieve success, traders have to be knowledgeable and very experienced; however, gaining profit is the different story. I mean some traders, after achieving huge returns by aggressive trading (using high leverage and opening too many positions at once), claim that they...

Someone calls it "desire to trade" and that one considers it harmful and you can find his article about in RoboForex forum, he seems professional trader. As for me, I'd like to trade but not like Daisy. Trading makes me very painful as I have to find out the reason and explain why market acts...

That's why there are many signal services still growing and many EAs developed and widely used. Not all the people who subscribe to those services or buy EAs are lazy people, some of them are able to learn as it is too difficult for them.

Although traders are not suggested to earn money quick and fast, most of people come in this world due to that reason: just spend 10$ on opening one position (leverage 1:1000), a trader can easily earn another 10$ or up to 100$ in minutes when market becomes very volatile due to news releases...

At least for me, it's so difficult to distinguish overconfidence and confidence. I'm quite confident when I make decision, but while my trade is not closed yet, there are many ones (strategists or analysts) commenting that make me rethink my plan and keep wonder if I am wrong.

Anyways, this depends on each one. News and articles may give traders signals and show them what to do but they usually come too late. I'm not really interested in analyzing market in that way. I don't prefer spend all day in watching charts or news because it wastes my time and it's not...

I think it is not good to do that, some professional traders call it "desire to trade". We have to prepare everything before making decision in order that we won't be surprised when anything comes, either losses or profits. In the past, I encountered a situation, I was losing 80 pips but...

1/3 of total capital is still too much for us. Most of those investors don't use leverage like retail traders to increase earnings but their capital is big enough to let them have earning that satisfies them. By the way, how can you mange your capital well if it's only 5$ - 10$?:)