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When we trade with a good knowledge and skills about Forex, then there are chances to achieve that. Even with little capital, we can still grow our capital, compound it and make a lot of profit from it. What it simply needs is some degree of patience to allow that profit grow and once we can...

It is best to monitor news and know that which will affect the market more. I ever see traders who are simply fundamental traders and the best part of it is that they seem to understand Forex like the tip of their fingernails. News trading is one of the best ways to earn from the market.

I'm trying USD/CAD. Even though I like focusing more on EUR/USD, I feel that more like checking out this pair and try to understand the movement from the Demo account. I am more concerned in popular currencies because I always look at the spread.

We are all trading for profits in Forex. So if a trader ends up making profit as he trades by virtue of buying low and selling high, then he must have made a successful trade. What determines the success of a trade is the analysis made before entering the market and once it is a favourable one...

Same with job, because it is a companies strategic analysis that gives rise to what they give out or their production capacity. That is why I strongly believe that Forex falls in the same category as a business would fall as well as a job. Since you analyze and buy low to sell high, it is a...

Well it is the leverage that would make us see the potential of Forex and the likely result of our trading. When we trade with small capital, normally, the profit should be small as well but it is leverage that seems to hype it such that we can still have some good result from our capital.

That is just it. Personally, I am not too good at looking at that news result or checking the economic calendar. Doing it well with indicators gives me a clearer view of what the market is up to and I'm simply fine with it. It is left for a particular trader to discover what works for him.

It's all about speculation and that's what everyone does. Even in Crypto, it is wise to invest now in it. If one is having some cold funds to throw around, then putting them in crypto would be the best because even now that I see BTC going around $650, it might still increase up to $900 before...

A failing trade all occurs when you make a wrong analysis of the market. Yes, it leads you to time the market wrongly and what the result would be is for you to lose. You want to buy at a low price but subsequently buys at a high price which you will find it difficult to make profit.

And then, being upset wouldn't solve the problem, rather, it ends up making things even worse. It is better for us to understand what gave rise to the losses because it is only from loss that we can grow to be upset. If at the end of the day, it is something we can correct, then we take some...

Some already do. It all depends on the capital which might give rise to the level of profit you will make. For someone who is earning up to $500 a month from trading, which might as well depend on the value of the dollar to their country currency, then it's a nice one. Once there is good trading...

Let's say, trading in Forex is risky, and a lot of people for the fact that they are afraid of that risk, are also afraid of attempting the business. It is not that easy to trade in Forex and make profit from it. It on its own also takes a lot of time before a trader can make money from the...

It is good to do things in moderation. Since using 1:50 wouldn't be that convincing when you make profit, then it is best if we use between 1:100-1:200. I even think that going for 1:500 is rather high on his own if the trader can't handle his account that well. It makes a mess of the whole...

Maybe for someone who is a basket trader, he can do that but for a random trader who only depends in the usual few pairs, that wouldn't make any sense. Opening much number of pairs will only create problem for the trader and not the presumed profit no matter the level of skills.

@orni308 what I think is that poker players do things at random a lot and they might not trade well in Forex. It is better when they do not attempt Forex with that mentality because they will end up losing their capital. Unless however when there is some degree of carefulness and analysis of the...

That is one bad thing about gambling with Forex. It only makes you quit within a very short period of time. Most newbies see scalping as a form of gambling and they still want to try it even without much trading knowledge. The heck is that it only lands them into trouble.

Trading with bigger volume in other to increase the size of our capital is not where the problem is. Where one would find it hard is the implications of doing so. There is no easier way to trade in Forex besides keeping it simple. Of you trade with big volume and lose, you also lose higher value...

Well, it is obvious that there are brokers who don't. And what the trader should do from outset is to find out the ones that don't and work with the one that does. Since it floods the server and needs a much faster execution time, it is not all brokers that can afford this, thus, the reason they...

Beginners should get closer to Forex, hence the need to invest more of their time in trading. Forex doesn't come easy in learning and it is when a beginner is able to learn more often that he can find the best days for himself to trade, the best pairs to trade on and also the best way to trade.

They also seem to be expensive to handle due to their spread. More so, a particular broker a trader likes trading with might not have the pairs he wants to trade in. That is why it seems exotic pairs are not that much on demand within the Forex circle. But then, some who do, still make profits...