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Practice required since traders deal with real risk of losing money. Without knowledge and experience, impossible to traders able to manage capital to be growing. Practice both in demo and live account necessary. Develop knowledge, experience and strategy in demo account while develop...

Frankly speaking, I never use robots to trading. I am prefer to conduct manual trading since I know robots weaknesses. However, if willing to use robots, traders can search referance in EA tester providers site. There tons of EA has been tested and the site shows the results as well.

When traders following momentum market, usually exit when the momentum start to exhausted. The sign is candlestick body become thin and explain that there are equal pressure between buy and sell. Or when traders have specific target in trading, they’ll exit trade when the target fulfilled.

I don’t think that quit from main job is a solution to make traders become focus and faster to become profitable. The key point is how effective they are in learning. If traders able to be effective though spend little time to practice and learning, have chance to end up with profitable faster...

Leverage enabling us to trade with higher capital though actually we are have capital in trading account. If we are choose to use 1:100 leverage, mean we are trade $1 which it equal with $100 if we are trade with standard contract. With laverage, traders have chance to trading though have small...

I spend long enough to take practice in demo account. Its due to I am test many strategies and each strategy at least is around 1 or 2 month test before I end up with conclusion whether the strategy good or not. However, I am never found which really good and work to use. Finally I am decide to...

No best or worst time frame. Each of them have own function. Small time frame use to measuring volatility and enabling scalper to catch profit from every of ups and downs. While high time frame have function to reduce the noise and unnecessary movement in small time frame. In order to enabling...

Before jump into real account, traders should prepared with appropriate knowledge and good strategy. Which mean, traders need to take practice previously to observe the market and found the way to enabling traders to trade effectively. And of course, traning phase here done enough in demo...

Advisable if we are keep spread the fund into many brokers. Just in case to prevent us losing all if a broker going down or bankrupt. We have chance to start trading back and make money. If we are put all money in one broker and they are down, we have no money left to enabling us to keep trading.

Well, many traders said that scalping is just gambling. However, it totally false. We can make profit and even consistently as far as scalper have strategy to take advantage from volatility. However, deal with fast changes environment of small time frame frustrating indeed. Which lead traders to...

Traders losing more in trading because technically, not prepared yet in term of knowledge and strategy. Traders experience not enough to lead them to know what they need to do or don’t in trading. The best is traders keep continue practice and hold the temptation to chasing profit in live...

Demo account is a place to conduct practice and test the strategies. No risk involve there since traders trade use virtual money only. Traders task is treat demo like if they are trade in live account, in order to get maximum advantage from demo availability, and enabling traders to get...

After loss happen, the most important is remain calm. Stay discipline with strategy and risk management plan. Don’t ever get tempted to take revenge approach and increase the risk in trading. It will give us even worst loss result. When we are able to remain calm, we will able to make logical...

I am use trade and leave method to avoid being manipulated by fast changes of market movement. Which causing me to get stress. Better we are set stop loss and take profit to make our trade to be semi automatic. And not too often monitoring trades. However, such way applicable to swing of long...

Easiness will come along with traders progress in skills and knowledge development. When traders know how the market works and know how to take advantage from it, they’ll get profit result and its easy job to them. But if traders don’t understand the market and unable to point out when to open...

Uncertainty is market nature. Sudden changes in market often occur and make traders to end up with loss result. To deal with such complexities, traders enough to analyze the trend. And follow it till the trend exhausted and shows that it will move opposite. If we are following volatility, we...

Become a full time forex trader mean traders become professional which rely on forex fully to fullfil living expenses. Traders need to have excellent skills which enabling them to generate profit consistently from month to month. If traders struggle still, not advisable to choose to become full...

Well, before we are arrive at phase to understand regarding with psychology trading, we need to develop knowledge and strategy first. Stick with demo account till able to become consistent. Then, we can take practice in live account in order to know how to handle the pressure and learn about...

I prefer to trade in forex since give me opportunity to hold positions as long as I want. While in binary option, trade limited by time. There are no technical analysis tool available too which make me unable to conduct proper technical analysis. While in forex, I can do that easily.

Not necessary to quit from main job just because want to focus in forex trading. This business difficult and require long learning process before traders arrive at profitable phase. Traders need back up fund during learning process. However, if traders able to be consistent already and trade...