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Well, it's true. Strategy whether is good depends on certain situation. That strategy may work greatly in that time, but trader might face huge losses unless he/she doesn't apply it in other situations.

Well, novice traders are not able to do it and even experienced traders often get trouble as they try to do it. Because traders have to understand market psychology before and after news releases to trade efficiently.

I prefer fixed spread because I don't know any advantage of floating spread. Well, I think floating spread may cause trader to make bad entry, especially buy entry.

Traders aim to earn money, not many traders here aims to acquire knowledge. So earning is better than learning. However, before trying to earn money, beginners should acquire and improve their knowledge first.

Leverage isn't meaningful to me since I don't need to open simultaneously many positions. I used to but I've just change my plan and now 2 positions are maximum, one for main prediction and one for covering losses if I'm wrong.

I determined risk by determining risk/reward ratio. I often prefer 1:2 while 1:1 is the least and above 1:2 is the best. Of course risk reward ratio isn't enough, it is also about pips which I am willing to lose. Because I am intra-day trader, my stop-loss pips is usually under 100.

Traders should only risk some percent of their investment per trade, I mean under 3% which is often considered as good. If traders lose, there is 97% remaining and there are many chances to cover losses.

I prefer hedging by trading two pairs which has strong correlation, a fine example in this case should be EURUSD and USDCHF, according to research, its correlation is average 80%. So, if someone wants to hedge, it is better to buy (sell) EURUSD and do reversely for USDCHF than trading the same...

Though I'm not the one who tries to seek good brokers, I only choose brokers which is regulated (especially by FCA) and those brokers offer low spread for standard account (dealing desk). Of course, good support and fast payment too.

Emotion isn't always harmful. You know, fear makes trader lose opportunity to earn money or more, therefore, staying away from trading makes no harm to trader.

I always analyze markets before making decision and before making decision, I must know how much I lose and whether I am able to cover losses made by losing trades. You win because you're too lucky to lose, it won't last in longtime.

Even if some expert advisor generated hundreds or even thousands percent profit, I would never accept it. I think it is the same as investing to PAMM accounts but PAMM is managed by human, not robot.

I prefer intra-day trading so when I analyzing chart, daily chart is the first one to be deal with then the next one is 4H. I don't prefer 1H which is useless to me and I often get wrong when using 1H to forecast support and resistance.

Forex trading is very interesting to me, it is about rules and skills, how to survive. I like trading because of this, beside earning potential profit too.

I used to prefer to trade EURJPY and it was interesting more than any other pair until I found it too dangerous for me because my capital is not enough to hold EURJPY position.

That is the reason why trader should plan before making decision. Because of probability of prediction, trader ought to have plan for cover losses if the main strategy fails.

If you prefer long-term trading, it is not necessary for you to know about them. But if you are not, they are important because it is all about risk and reward. Bad entry will make risk increase and reward decrease. Exit point are both stop-loss and take-profit.

Don't you know that binary option trading is just a type of trading and Forex is market. If you intends to talk about spot and binary option, I prefer spot trading though binary option seems easier (only two option: call or put and price up or down).

I've just read an article since some days. It wrote that most brokers were regulated by CySEC because of its easy regulations. Well I neither know about easiness or hardness but I prefer regulated brokers by FCA.

If I has to choose, then Forex trading is my choice. HYIPs are such fraudulent programs that offers unsustainable profits to investors while Forex trading is genuine and better. Investing in risky business or investing to fraudulent company, which one do you choose?