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Yes it is true that there are some traders who have huge capital to invest but they don't have any interest in learning about forex. It is always important to know every small and basic aspects of forex trading. It will help to prevent scams and frauds.

I agree with nasim39. It is very important to take experience from trading with demo account. You will gain more confidence without any risk of losing money. And it will also help to learn strategies.

Off course it is very necessary to take tutorials for beginners. If you don't know the basic of forex trading then how can anybody trade. The result will be loss of money. And I believe that there is no end of learning.

It totally depends on the person. If the person is passionate about forex trading then he/she can learn easily. For easy understanding you can visit babypips. You will get all the lessons regarding forex trading.

Scalping is nothing but the quick trading. It is used to make small profits while exposing a trading account to a very limited risk. Traders holds to a position for not more than a minute or two. That gives quick profit.

It is right that demo account just helps to increase confidence and to learn strategies. But the most important thing is dedication to learn and to adapt the skills. Whether it is demo account or real account.

You are right. Because of internet now it is very easy to learn about forex trading. There are many websites such as babypips which gives you lessons about forex trading and demo account to experience the real trading world. That also at no cost. Once upon a time people used to learn about forex...

That is also a good idea Decub. Anybody who don't have any idea the works of brokers, they will get that knowledge at broker's sponsored forums. And they will get more confidence for trading.

I think over confidence comes from greediness. Greediness to earn more profit from the trading. And sometimes that results loss rather than profit. At the time of trading you must have sense of planning your profit and loss.

Forex trading is not something to be rich over a night. To get a huge profit you have to invest huge capital. And if you have huge capital then you are already rich. Forex trading is to earn by investing money and using your skills and trading strategy.

Definitely forex trading can change anyone's life. For that you need skill, experience, knowledge and capital. Poor people don't have much capital to invest so they can start their career as broker. When you earn sufficient capital to invest, you can trade for yourself and get the whole profit.

You posted this thread 4 months ago. Now you maybe more confident and successful. Its all because of your dedication and ability. You can share your experiences and strategies so that beginners can learn something.

I agree with you. Demo account is very helpful to learn about trading at starting stage. You can use demo account as you use real account. Demo accounts helps to understand the trading strategy without losing any money.

Thank You for this information. There are many legit currency exchange sites. Nowadays you can exchange your currencies from the local bank itself. You get hard cash in your hand.

It is not a money factory but a money earning place. Your earning capacity will depend on your skills, strategy and how much capital you are investing. And its not so easy as it looks. First gain some experience and then enter to the arena.

I am with forex for a year and now forex is the biggest earning place for me. At first it was really hard to understand about it. But I started learning slowly and started trading with low amounts. At starting I faced some losses and I always learned from that mistakes. And I am still learning.

Every traders trade for profit. So it is very hard to accept loss. But it is also true that few times you get profit after loss because most of the prices of famous products if decreases then it increases again. So there is a chance to recover money.

Its totally depended on how much capital you are investing. The more you invest there will be more chances to get huge profit or loss. But for that knowledge and skills are most needed.

I am an Indian. Few months ago price of one USD was Rs. 55 and i bought 1000 USD. Now the price of one USD is Rs. 65. That's mean profit of RS. 10000. So I prefer long term investment.

Everyone faces both profit and loss in trading. Professionals have more ability to analyse the market and create instant strategy. Because they work to earn money. So they have less chances to face loss. But few times luck do not take their side.