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Forex is my hobby and part time earning. It helps me to add some more fund in my income. And thats why I love to experiment sometimes.

I use mostly 1:200. I feel quite safe at this leverage. But sometimes I feel to gamble so that time I use 1:500. But that time i mostly tend on scalping. Just for fun.

kaiceaziz, If newbies trades with robots at the initial stage, then how will they learn about strategies. They will never gain experiences. Robots are best for those who has huge capital to invest but has no time for learning such as businessmans etc.

There is no end of learning and sharing knowledge. There are many people in this forum who has different experiences. We can learn new strategies from them.

Forex trading is as good as bad. It depends on the interest of the person. Forex trading is very comfortable business for me. I trade at my suitable time.

I agree with all the points. There is nothing new to say. Newbie should always try to trade at demo account. After gaining few experience and skill, then try to trade at real account. But they should try to trade with lowest amount. That will lower their risk of facing loss.

I agree with your conclusion. There are many people who are afraid of forex trading. Because they take forex trading as negative aspect. We have to change those thoughts.

You are right anosocialnet. Newbies should learn the trading by own. That will help him to understand and gain experience. Otherwise using a robot can make him dependent for whole life.

I absolutely agree with you Razor1911. Whenever we make mistakes, we learn something. And that lessons helps us to improve our strategies. So that we never do that mistakes again.

Yes, reading ebooks and visiting websites can offer same thing, but not at one place. You will no get free ebooks which can give you all basic and advanced details on forex trading. And nor any website can. If you want everything at one place then babypips is the best. And this forum helps to...

You should try first at babypips. You will get free lessons on forex and a free of cost demo account to learn trading.

If you are comparing forex trading with stock exchange, then forex trading wins. But there is comparison with whole business. There is nobody who knows about every business. If forex is best business then every businessman would trade only at forex. There would nothing else like other brand...

If you search then you will get many genuine brokers with best deals. All you have to do is check there backgrounds and select your comfortable investment plans.

Hello Friends. I need some information. Is there any software or tools which I can install in my PC to view real time quotes online instead of going to any website.

Thats quite amazing. In India many people don't know about Forex trading. They know and trade on Share market. Many people feel proud to say that they are broker or trader at share market.

Yes, scalping needs more knowledge because scalpers makes so many transactions in a day that sometimes it becomes very difficult to keep mind set. And that time they make loss. But still I think, if we minus loss from the profit, they make a quite good profit.

I believe that luck matters sometimes. Because I have seen few people who became rich in a month by trading. Accept it or not, if you are investing a huge capital and taking the leverage facility and if you make profit of 200-300 pips in many transactions. Then calculate, you will get a huge profit.

At one point you are right Cutiekc. But at the other point as you said, there is more chance of making profit. If you are not using the advantage of leverage then also there is a fear of losing. But as you said, newbie should think twice before using leverage.

Why to practice on real account and losing money, if you are getting a free of cost demo account which look same as real account. Everybody should take advantage of this facility.

It is totally stupidity to learn trading with real account. There will be always fear of losing, hence it will be very difficult to boost confident. Using demo account is the best way to increase confident and skill because you stay risk free and out of fear.