If you broker is trusted (regulated), there is not necessary to open another account in the same or another broker, isn't it? And if you deposit your money to independent broker (unregulated), I don't have anything so say.
I also earned 20$ but not from 100$, it is only 11$. Well whatever it is, I lost it because of my mistakes. I didn't really much care about it because I've been practicing and loss is the part of practice.
I'd rather want to be investor but because investor needs much money first and then long-term investing. Trader aim to profit so they can take profit whenever they while it may take investors a long time to get profit generated from investing object.
My thought is only simple, it is that take-profit is only an exit point when I hold some position. Short-term traders should have this because you won't know when exchange rate will get reverse while it is not necessary for long-term traders to have take-profit because if your analysis is good...
You should use your time effectively when market is in low volatility condition. You can take a rest in those days. "Less trade but more profit" is surely better than "more trade but non profits", isn't it?
I don't know how good it is. But I'd rather choose social trading just like Etoro or Currensee because their social trading is friendly and it is easy to interact with others though Etoro trading platform seems poor.
Many people think this is get rich quick business because of lucky traders who earn hundreds and thousands dollar in some days. Forex trading is considered as risky due to such misunderstood thought and huge earnings of lucky traders.
The bad days are often Monday and Friday because major news is occasionally happened in those days. Therefore, volatility decreases and also risk and profit. Some traders recommend others to stay away from such days but it is not necessary.
Well this is about demand and supply. I can only tell you about time to buy currency, that is when there is more demands in some certain exchange rate. Only focusing on demand and don't care about supply, you will trade successfully.
Right! We can always face losses in any case and the importance is how we deal with losses. The mistake most traders make is that they don't know how to deal with losses when they lose.
Demo trading is not different from real trading but someone says it is. Well, they are the same but not exactly. If trader trains seriously, demo trading will give the same experience as real trading.
It is totally dependent of what you mean knowledge here. Knowledge doesn't mean that you tries to become good price actions traders (by watching closely at chart). Basically, knowledge is how market works. You ought to answer that question because it is knowledge.
Technical analysis is to gauge market sentiment. Fundamental traders don't make technical analysis, but watch and read news. There is COT report in Thursday every week, COT report is best used for long-term forecast and of course, it shows overall market sentiment.
There are many binary option broker I've known: iOption, ZoneOption and 60Options.com. They are some good ones which most binary option traders recommend. Their promotions seems interesting: no-deposit bonus and free trades (up to 10).
Trading on new releases is quite difficult and it is not recommended. The importance is that trader must know market consensus after news releases (better than expected, worse than expected or as expected). Trader may face huge losses if he/she doesn't know current market condition.
If you want to know whether you are professional trader, you have to try opening 100 LONG-TERM trades. If you win approximately 80 trades, it will be sure that you are really professional trader.
I agree that those are very necessary when trader decide to choose Forex brokers. I firstly care about regulation, especially FCA; then country should not be Russia or CIS; low spread. All of them are enough.
I really don't care about how high leverage because it doesn't affect me. If you only intend to trade 1 lot, nothing will change except margin. Well it's all about you. If you are not greedy, there is no need to increase leverage in order to open more positions or trade high lots.
There is only way to get accurate signals that you have to pay your own money to premium signals websites. It is about some hundreds but it works much better than free signal website because those signals are provided by human.