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That is just right. Forex is very risky and all traders who trade know this very well. So if they lose, they should not be surprised and they know how to react well to it. They say its about how you react to loss so if you are an experienced trader you would move on and learn from your mistakes...

I would also add that you should quiz yourself and make sure you learn the basics before you move on to a demo or else the learning in a demo is not useful at all cause you don't know why you do what you do. Knowledge is money so the more you know the more you earn. In forex, its a requirement...

I think in forex, its just like any business or gambling even, some people should not do it. Just like in gambling, there are some that become homeless over it. They spend every dollar on gambling and they do not know what they're doing most of the time. If you lack knowledge and do not care to...

I think every strategy is good only for certain pairs, certain market opening and certain market conditions and timing so it might not work for another market or trades or pairs. Of course, there are long and short strategies so we have to then use them accordingly and then change them if...

If you lose more than gaining profit, you should reassess your trading strategies. If you don't have a good strategy then its time to formulate one. Usually long term trading can give you more earning than short term trading. I think people lose so much more in scalping cause the market is so...

I think forex is kind of better than other businesses cause it doesn't require any money to start. You can start with no deposit bonus and then post for bonuses in forums so basically you can always trade without ever having to deposit money of you own. But you can even start with one dollar...

I think forex can make you happier if you do make money. We will all be happy if we make an extra $500 a day. I would be really happy. However, if you end up losing $500 a day, you will be very upset and impulsive and will carry out revenge trade to get your money back and then losing some...

I think as a newbie, you should not quit your job just to stay at home for forex since its hard for you to make money at first so you should stay at your job cause its more stable and safer plus you need money to pay your bills but you can sure trade when you're off of work or set a trade before...

I think forum bonuses help out newbie so much so they don't have to lose with their real money and can make money from their forum posting so all is a plus. They can trade with more confidence and don't have to worry about losses as its not their money. They earned it easily through posting. I...

I think the lack of knowledge is the number one reason why some loses and others gain all the time. I have not lost miserably since I'm full of knowledge and use sl and use loss management and money management so I do not lose that much. It will be hard to make me lose. I also choose the best...

I think newbie traders should stick to their job first to gain money for their daily living cost rather than waiting on trends for profit since its too hard for them and they might lose more than gain so they end up with no jobs and more losses so it becomes a major problems. I mean you work the...

I think scalping is way too high of a risk for newbie since the price fluctuates so fast that they might have trouble controlling their trade whereas they don't have to think that much in long term trade cause they can enter at a very low price and then sell at a higher price so not a lot of...

May I add that forex is a giant online business and anyone who is hard working can learn the business and make money from it. It comes with high risk though beside being profitable. You can make money and lose money at the same time. However, nothing is impossible with so much trades and...

As a newbie, you will also need to know what market time you will be trading in. This is important cause you will make more profit if its during peak business market hours and less money when there is no market open or end of the day or off hours. You can trade NYC, London, or Tokyo hours. On...

That is great news that you're making that much profit off of it. I'm also making great profit off of my bonus from my broker and I do not need to deposit any money so I'm extremely happy with that results. I think bonus is excellent for all newbie, so we don't have to lose our own money but...

According to experts, you should trade when there are 2 or more market overlapping each other and during that time, there is a huge volume of trades and transactions going on that would yield great profit opportunity for you. If you trade with only one then the pips per profit is less. The more...

I think the Euro is the safe haven for me as a trader. This is because I get really good profit from it during NYC and London market time and it also performs really well in Tokyo time so I'm guessing then that the Euro will also be a popular choice among other traders as well. If something...

That is right so we must not trade during those time even though I know of people who would trade at any single point in time and that is not recommended. One should have to wait and then only trade at the best demanding hours and high volume so you will get higher profit.

The forex market is an international market that is open 24 hours a day. Anyone can trade in forex as long as they have the knowledge and skills to do it. Forex is profitable but it also carries a big risk so you should also beware of that fact. Forex takes knowledge, practice and skills...

I guess as experienced traders, we all know that the market is not good during off business hours like after market closed off, weekends, or holidays. Sometimes, spiking in news releases are noise for long term traders as well or its too volatile and it can wipe out your account as well. So...