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Financially, forex is cheap to start, knowledge wise, it is one of the most expensive businesses to do. The business used to be an expensive and not so understood but the coming of too many brokers has made it so competitive and now possible to start up with any amount.

Forex trading is just guess work. That is the more reason we only do our analysis based on either the news or past rates. Though we do these analysis and base our trading on it, there is still no guarantee that what we predict will work that way until we do.

Forex is not expensive, probably the cheapest online trading activity that one could venture into with a small amount of capital. Maybe those people didn't have a very good knowledge and impression about the business or misled. This is because some traders are good deceits.

If we calculate those things that are needed to trade in forex, the requirements when it comes to the overall character and qualities of the trader, you will say forex is not a business that just anyone will do. Everyone will have interest here and will keep developing interest but cannot stand...

I feel that a newbie should even trade more often. This will help him in no small measure to learn more and more. This type of trading is best done with the demo account which is the best place for a newbie to develop his skills.

That is to tell you how fragile and unpredictable it can be. Forex is a very risky business and its risk can only be minimize by having a good knowledge of risk management. Traders should always bear in mind that because they are gaining some pips at some point doesn't mean the market can't turn...

I feel currency trading will be easier than commodities and also that traders will find it easier to adapt to pairs than metals or crude. This is because of the high spread and which requires higher capital. I may decide to try this kind of investment or trading option much later in life.

I would have been very much pleased to invite all of my family members to start trading in forex if it is that simple as you have said, but they will only take me as unserious for saying that because they have had the bad side of it. Forex is good but not a place to make huge money. Maybe a...

That is some fine explanation. I get more attracted to a broker that will allow me scalp than the opposite. I like brokers that offer me more trading options so I can operate my account to any that suites me at that moment.

This is a great one to have added some new payment option. I wish to operate an account with FBS soon but I shedule it as one of my programs in the coming year.

I prefer one long term trade. I do not and have not enjoyed scalping so I would prefer to open a position and hold it for some time. I am more guarantee of profit with this strategy than scalp.

Just the basic educational qualifications is enough for one to trade in forex. You need not become a doctorate degree holder to become a successful trader. Where education plays a role is because we need other to learn it and apply it as well. Weather you are learning from a personal tutor or...

That is right and a reasonable thing to do too. No matter how successful we are in the demo, a demo is still a demo and there is no guarantee it will give you success afterall. You can only test the degree of your strategy when you come to the real account and this is better done with a far way...

Insufficient capital can or cannot contribute to the reason traders will fail but depends on how insufficient the capital and skills are. A good trader can trade with as little as $5 and still hold it. A bad trader can go high up to a thousand dollars and blow it up. We talk about the fear of...

Getting a thousand and one strategy, I do not disagree on but forex can be very confusing when we try out some strategies that do not match the market at that time. That is where it becomes very wrong to have them if you can't manage them. If you have one that is good, then stay with it and...

No business man even knows how much to expect at the end of the month. He is neither placed on a salary nor have a perfect control of the market. Same goes with forex, we can only speculate and expect a positive result while our action and the market itself determines for us. Each month, it...

I see it from this, the experienced trader gets richer while the inexperienced one gets poorer. They invest their money as fools and go home to relax. Maybe an unskillful trader sees forex as a HYIP which needs no action from your own part.

A good explanation I call that. Trading without a demo may be seen as a deadly attempt to see if forex can really empty our purses. I am sure that those that did it and are still doing it ain't finding it easy but maybe, they are natural risk takers.

The knowledge of forex is what every trader need and it should come first before any other thing. With a slow process, we can build a strategy for ourselves and start gaining the experience little by little. It is when we have these that we can expect to have profits.

I like trading from a very cool, quiet and almost lonely area so I would not have any reason to have a divided attention. This helps me to overcome certain side attractions and reduce the possibility of developing interest in other activities.