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I also think the paying experience is so poor versus giving yourself time to absorb the material. I know that most of my paying courses were horrid cause they push you to go really fast and you rarely ever get to know everything you want to know and then there is a test and then the teacher put...

As a newbie, you would have that question. When to exit your trade when you scalp or when you do long term? Obviously, you're hunting for profit so when you feel like you can take an exit and make money then do so and if you stay longer you might lose more money so exit while you can or take...

Fear keep you disciplined as well so you don't open way too many trades or put all your money in trading cause that is not a good strategy. You have to diversity your investment and save some to pay your bills. But as newbie, you fear so much more than experienced traders and as a result you...

Yes, we have to know what is going on in the market before we buy or sell. For example, right now, the US capital hill is on shutdown, so you might expect a fall in usd so you will want to trade against it rather than going long on it. You will go short on usd and the usd is falling in price...

Yes, you're right about that. Forex is not for those who dislike learning, and staying disciplined while they trade. Forex is also not for those who are way too hasty in their decisions or need money desperately either as both can cause them to go nuts if they don't make money. The next thing...

I think in forex, you have to have good management skills, like managing loss, risks, money, and your mind. If you're good at these things then your earning will also follow. If you're no good and do not care to manage then you will also lose a lot of money as a result cause in forex, its all...

Forex can be a money factory or a money factory shredder too. If you lose all of your money, its just like putting your money in a shredder factory right. Either way, its a double edge sword. You can get easy money or lose money easily too. All will be dependent upon your skills as a trader. No...

It will depend on his mentality but forex can make the poor man poorer cause he starts out with little capital and then if he loses he will be poorer so all is a bad fairy tale. But if he works hard and learn and stay discipline to make money then he might have a better fate. There are a lot of...

That is just right, forex is not for everyone. I know some impulsive people in my life that will lose miserably at the hand of forex. They can't even play a blackjack game and win it let alone forex. And forex is so much harder than blackjack so the gamblers mentality can't do forex at all...

I don't think there is such a thing as a perfect trader since the market is so unpredictable, it can make the perfect trader a failing trader any time so therefore, trading is also dependent upon the market and not just the trader since all of us have no control over how the market will move but...

Scalping is too risky and many lose rather than gaining profit. Therefore, that is one reason to prevent many losses of their traders as well. If the traders lose money daily, they will quit that brokers and not open any more trades so the brokers lose money that way and lose customers. The...

I think its safe to not quit your job for forex but there are people out there who trade full time and do not work and do not want to work either. So, they enjoy forex or dislike working hard and forex is an easy way out for them or they can't find work. Although, you all know how to stay safe...

To gain huge profit, you must be knowledgeable and experienced and have large capital and leverages. Or you must trade many trade throughout the day. In order to get those things together, you must be a really strong trader. You can lose just as much by risking way too much. You can make lots of...

Some long term investment take a long time and takes more capital but there are more certainty in it then forex. If you buy real estate, you can be sure that in 5 years, you will reap like several hundred thousands dollars from it in a good location. That is certainty since real estate only...

That is right, the market is so unpredictable that we will be fearing all the time and biting our finger nails as we watch our money bounces around. You just never know and its devastating when you lose. However, if you're experienced and have lost before you know the deal really well so you are...

Long term trade is more ideal for newbie as its less risky and its more profitable. You can control it better as a newbie than scalping. You can trade for a day or two days or a week or a month. The long term strategy is more suitable for newbie and more profitable. You will enter at a very low...

When you're a newbie, you have a lot of mental pressure cause you're uncertain and lack experiences so you will make a lot of hasty trading decisions that could lead to losses like entering or exiting way too soon or way too late or just wrong. There are certain ways to do it right. You have to...

One of the thing that newbie should also pay attention to daily is the news release on economic and financial news of major currencies being traded. This will impact your trades daily. So, if you get in during market spike, you could gain or lose significantly. If you know when such news are...

Etoro is a platform where you can copy other traders on there. There are a lot of traders who copy others. There are a lot of available information for you to see about who copies who and the profile of the successful traders. I think some newbie can try that. I like to trade for myself though...

I find forex addicting. The first thing I do when I open up my laptop is go to my broker's account and look at prices and open trades. The last thing I do before I go to bed is to also go to my broker's site and see the prices. Its so bad that I'm unable to go out and do anything else. Well, I...