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I've never heard that kind of scam. As I see, they force traders to lose by making trades get stopped out or adjusting prices so that stop orders will get hit. After all, those brokers get all the money trader lose.

I'll take InstaForex and FBS as examples. They are quite big brokers in Asia and they are awarded by World Finance and Global Banking and Finance. As I see there are many ones in Asian countries trust them but not me. I just think if they want to do business seriously, why they can accept those...

The risk is leverage and it is the reason why there are so many individuals coming into FX market. Spending 100 USD (leverage 1:100) and you may earn 1000$ when exchange rate changes 1 cent, but of course you can lose 100$ when it changes 0.1 cent. If you don't understand, you can visit Etoro...

I agree with on this. There are many other jobs that we can do without risking our money. We just need to work hard so that we won't lose it, but in FX market, if we make mistake, no one will excuse it, we lose and other ones take the money away from us.

You're partly right about this, @hasan87. I say so because their purpose are not only about gaining profit. Companies such as Microsoft, Google, etc., may participate in FX market. Here is explanation by LearningMarkets.com:

If we want to be painful in case of losing, we should know exactly how much money we want to risk, and let it be small. Also, encourage ourselves that everything could happen and loss is indeed inevitable.

But I think it's easier and less riskier, option trading is often a way to reduce risk by hedging though it's also considered as gambling. Especially, it's not necessary to gauge support and resistance because with option traders, entry is very important, they can gain hundreds percent profit...

Subscription to signal service is same as investing in company and let them earn money for you, these services are same as HYIPs but more genuine because they give signal and you make decision. You're right about trading with our own strategies but not many one are able to understand market and...

It should be as you said because if traders enter market because of being interested. But if someone wants to become serious investors, indeed they can consider profit as their main source of income.

This is not really important but necessary. In fact, adjust those parameters (periods) is to test so as to make sure whether that indicators worked in the past. The fine example is moving average, after testing SMA-21 days, if we see it fail to gauge resistance (support) or explain the movement...

This could be a way to know whether some broker is reliable. As I see, reliable brokers only accept wire transfer due to safety, they even don't accept Skrill and Paypal which are widely used. By that way, I don't trust any broker that uses many third parties for processing payments.

Well, it's necessary because we don't need to pay anything but it'll help us know why most people consider it very risky. Also, we can gain experience that is needed to profit. However, most of us do business with dealers, the story will be different when we enter real world.

Instead of watching market, I think it's better to read economic analysis reports by organizations like TD Securities. It will help you to understand global market and suggest you what need paying attention to. TD securities also predict market but of course they are long-term forecast. It's...

I think if you want to know, there is solution: trading for one or two years and after that, see your portfolio (profits, losses, especially drawdown), you'll know if you are good trader. If not, that portfolio will tell what you lack and it'll depend on you to find way to improve yourself.

That's right. Although traders can dream, they should pay attention to what they've already had and what they can do before thinking about making money. Those dreams may be even barriers to success. I stopped dreaming when I realized trading is so difficult.

I used to think like you. Well, why don't you think those big company have millions and even billions dollar and they are not able to spend some hundreds dollar buy good hosting? So, there is the only one reason that can explain this, they try their best to prevent you from easily earning.

Well, profit always makes people feel this is a good business :). I found this business interesting not really because of profit but rather the way it works that have caused a debate between most famous investors like Warren Buffett and Eugene Fama, who's recently won Nobel prize in economic...

I think trading in real account can only test our emotions, especially greed and patience. If a trader want to understand how market works, demo trading is enough as it is not necessary to risk real money.

Well, you're partly right about lack of patience to acquire knowledge but I think it's rather not having ability to do that. I've just realized that famous investors spent years on training in university and many years in gain experience. A lot of traders think that they can take advantage of...

10.17.2013 - Analysis and Forecast In my personal view, AUDUSD is the good pair to trade in this week. No matter what has been happening with USD, market is still bullish AUDUSD and that make it increase to 0.9600 without any difficulty as I see. However, Aussie still has job to do with...