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Cutiekc, it is not only with forex trading. In every profession you will get scammers. In India you will get doctors without certificate, politicians who has no qualification etc. So I think being loyal is the best way to show your character.

It is right Cutiekc. Scalpers mainly look for small profits. But scalpers can make profits from many transactions in a day. I think scalpers can make huge profit in a day by doing many transactions, instead of looking for a profit by doing few long tradings in a day.

If any criminal invest his blackmoney in trading, then whenever he withdraw back his money it turns into white money. And in addition he may gey a huge profit by investing huge capital.

Nobody becomes an expert traders from starting. Everybody has to gain knowledge by learning. And then they have to gain experience by trading. It is common to get loss at staring. And after learning form that mistake only we can make profits.

Yes, that is right. You don't have to invest on forex trading. Many forums gives you cash for posting. That cash is transferred to your investment account. There you can show how much you know about forex. And how much profit you can earn from that investments.

Why all the people forget that some forex forums which pays you higher amount, they never gives cash in your hand. That amount is invested in your investment account. And you cannot withdraw that money. You can only get the profit earned by that money.

Yes, that is also a point anosocialnet. Many traders thinks that There is no necessary to learn more, they have learned enough. And thats becomes the reason of facing loss.

I don't agree totally with you riddick09. There are many traders who don't have much knowledge about forex. Don't they trade.? They invest in investment plans or trade through brokers. If every traders had expert knowledge about forex then nobody would trade through brokers.

First learn about the currency pairs and all the sessions. Then decide in which time trading can be suitable for you. For the basic lessons you can go to babypips. Then think about the advance level.

Any people can do trading. One who has huge capital to invest but no knowledge. And other type who doesn't have any capital but have every knowledge about forex trading. The most important thing is the passion about forex.

The first expectation of beginner should always be to learn and increase the knowledge and skills. Second expectation should be to gain experience through demo account. And at last expectation should be to earn profit from real trading.

Actually the meaning of this thread is different. I agree that we get fear while trading. It is a common thing. But the main thing which is said is that while trading we should always try to keep tension aside. This will help you to take right decision.

Thank You for this post. I agree all the things which you said. We should not depend totally on others. Self knowledge is very important for trading. This will help you to prevent frauds.

Keep yourself updated. Learn all the strategies and always increase your skills. While trading be calm and patient. When you are using Plan A, then always keep Plan B.

I believe that while trading your mind should be calm and not to be impatient. This will help you to plan your strategies and keeps you risk free.

The best way to be successful is to use your strategies according to the situations. Never greed for huge profit. If you are a beginner then first practice on demo account until you see that you are capable of doing real tradings.

Actually I'm also searching for a site where can I see the live price of gold. I'm looking forward to invest on gold, so it is very important for me to analyse the market.

I do not agree with this. Forex trading can be a boon or curse for a person. It totally depends on the choice and the knowledge of a person. If anybody has keen interest and knowledge in forex trading then only it is a good business for him. Otherwise not.

The smallest change in the exchange rate is called pip. Most of the major currency pairs are priced to four decimal places. So the smallest change is the last decimal point.

There is no such word 'enough' in the dictionary of learning. There is no end of learning. There are many professionals who are still learning. Because learning helps to invent better strategies.