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With a slight knowledge of the basics of Forex, the trader can always start up with the Demo account and still learn the theoretical part of it. It calls for a zeal on learning and trading. That which matters more is interest and once the trader has that interest, then he can go all out to learn.

Thanks for the link, though seems I will have to run some Google support to better understand it. For a trader to develop an EA he can call his own is quite an admirable achievement since you can always tilt it to favour you according to the market demand and your strategy too.

I try to really put myself in the shoes of those who started trading long time ago when there were no better and cost effective means of learning like the use of the Demo account and I feel they must have had the bad end of Forex. They may have had it rough learning because it seems easier yo...

Forex could be a very good source of earning when you really understand how to trade. You can get the best out of Forex but that is only possible when there is the knowledge. It is the only business within the financial market that you can easily convert your transactions into cash immediately...

Of course there is one unifying force that causes everyone to trade in Forex, that is because they want to make profit from Forex. Everyone is in for the money and even the newer folks that are coming are also coming because they want to make profits from their trades. Trading in Forex is all...

There are traders who barely trade just once in a week or don't even trade some weeks and yet, they make the kind of money they want to make. Trading in Forex is all about the tight timing. If the trader can time it better, he would also trade better even without spending all his time in Forex.

In the real sense of it, there might not just be any worst days because the day you feel the market is not so favourable to you or the pairs you trade in, it can just get in as the best for another trader. Though for me, I prefer to trade between Tuesday and Thursday.

One thing I'm very sure of about scalping is that it is a form of trading which requires more skills and a smarter approach to trading more than long position trading. Scalping to me is not as easy as some traders perceive it and make it feel.

There's quite a point there because multiple strategies can confuse the trader the more instead of doing the opposite. I think those that really need that kinda multiple strategies are those who are more skilled. A trader can still operate with many brokers and use same strategy in all.

Some traders would simply want to risk it in a do or die affair anyway. They got nothing much to lose, they just go for a very high leverage and try to risk it all, usually with small capital. I have a friend who always does that. He is simply good at taking such risks and it works for him...

Even VCC does expire but what I think is the one that PayPal accepts in your country cos I've come across a place where it seems they have varying options for verification. Sometimes this payment processor can get nosy and dictate for you the way they want you get verified. I wish they can just...

From what I saw in the site, it appears to me as though they are offering a lot of things for free. If those are anything to go by which I know are, it apparently means that even more of the basic things one do with a payment processor are free there and it gives it much edge over others that...

Honestly, the way I used to see Forex, it made the whole thing look as though Forex was kinda kept for some group of people who had some special skills. The first attempt I had with Forex was an embodiment of discouragement because everything was sounding Greek to me. But on a thought of the...

There are some sites that a newbie can always run a mini glance of most brokers and how they work. Their services as well as their minimum, regulations and stuffs like that. He can always beckon on those for advice and review. Also, there are forums to get such too.

Beginners should learn how to believe in themselves, it is hard to do but a necessity after all. Without having that faith in yourself, you hardly would make up a good trading strategy. It pays a lot to do it yourself no matter how many times you have to lose. Trading in Forex is highly risky...

Sure, it is just greed that leads to such. Trading with high lot size when the trader knows he only has a little capital is more like intentionally burning his capital. That is why I think that discipline has such a big role to play when a trader is making any trading decision. It's not about...

Pending orders are quite good as they help you take care of your orders even before you arrive at that point but personally, I am not too good with it because of possible slippage. When I feel I've started dipping, I will close my positions. It gives me that rest and wouldn't have need to press...

That's what I think too. Since Forex is so flexible, then no problem, combine the two and make the best out of them. There is definitely no point in trying to quit your job for Forex unless the job is not worth your time. You just have to combine do the both if you can. There are however some...

An average newbie should remove his mind from that of trying to skip over or rush over the Demo account. It is a place for learning and there will always be reasons to fall back to it. It is quite better for him to dedicate some good time to learn from the Demo so as to trade well.

Well, we can say that analyzing from a high time frame might seem better and safer for a trader but it still depends on the e'er understanding and how much the trader understands the market sentiment. Higher time frames give you more chance to read the data widely than trading from a lower or...