Search results

Perhaps in some cases, might just depend on the level of understanding of the newbie. Also the rate of concentration he gives to it. There are those that can burn not less than 6 months trading in Forex without any reasonable thing to show for it.

It's still a trading platform just the way you have the Meta Trader. Produced by a London based company and still have those indicators found in the Meta Trader like the MACD, Bollinger, M.A. Perhaps to know much about it and check if you are compatible with it, you can try it in Demo.

Forex isn't a win win situation. There are tough times when it seems losses are inevitable. This shouldn't in any way demoralize the trader. On the outset, it is always tough on most people and most traders always feel like quitting. That should be your strongest moment and if you are able to...

Though a lot of people advocate that one of the criteria to know a good PAMM manager is the length of time he's been trading. I might consider a manager that hasn't stayed so long in the business but with some degree of success. I was going through IFX list of managers and I came across some...

Well, if we want to follow it from the literal definition of perfection or what perfect is, then one would say there is no way someone can be perfect or a perfect trader. There isn't a way perfection will even come in an uncertain market.

That is not what I mean, it's about dependency on Forex. A newbie shouldn't depend on Forex for his means of livelihood. He's got very little knowledge about the business and might not make money to sustain him, hence, the need for a more reliable means of earning.

Tensionless does exist in English language and it simply means as it states. Well, it is a traders skills and experience that will reduce the tension to the barest minimum. It doesn't mean it is eliminated completely but suppressed kind of. Forex is quite a pressure filled business when there...

Yeah, we can say that it is the internet that made trading come within the reach of an average trade. There are so many who may not have been even the slightest familiar with Forex is ghetto internet wasn't there. A lot of those in the third world wouldn't have smelt it.

I think impatience can play a lot of role too. An impatient trader would want to make money as fast as possible. And you know, sometimes, Forex can play some trick on traders. It makes it look as if you've started getting it right when you start earning from the Demo, only to have a surprised...

@sindarin, sure, saying PayPal is an online bank wouldn't be an overstatement because they have proven that in so many of their services. @anosocialnet, I am not sure if it's really PayPal that may have initiated that move on their own. Guess it has a lot to do with Indian government and the...

@budado, I agree with the first part of your post. Yeah, when a trader is afraid of losing money, a lot of things crosses his mind and among which include the cautiousness they give to it. They wouldn't wanna invest their time, neither will it interest them to risk their funds.

When a newbie is committed to learning, he gradually goes into the earning environment without him even knowing. Learning has a greater role to play. The more a newbie trades, the better he understands Forex and the more likely he would earn in a shorter time. Hence, focusing on earning only...

Guess so. These days, for a payment processor to come up and strive far beyond what so many expect, it should have a distinct feature that sets it apart from the crowd and from the way I've been seeing HD, I doubt if they have anything the average payment processor doesn't have.

I feel that the cropping up of cent accounts these days and the bonus offers, copy trading and stuffs like that are gradually taking over the brain behind the Demo account. Not every newbie would want to spend a lot of time staying there and this affects them greatly.

@Pettyeve, Guess you have a point there because losses can easily turn everything around for you. A trader who losses needs no other instructions to take precautions. Unless however, in cases where the trader is a stack gambler that is ready to throw away the money always.

It's a change of name, change of company policy, change in administration, a lot of things can lead to that. Some group of people just love dynamism than leaving things the way they've been. It's the kinda thing that could happen when MUFC turns Glazier DVD tomorrow or ChelseaFC turns RomanFC.

Well, a lot of reasons abound when it comes to failing in Forex. Also, if a trader allows frustration as a result of consistent losses set it, he is bound to lose the more. It makes him feel there's nothing else Forex has to offer. That is why traders need to build a lot of confidence in themselves.

Well, you might be right, maybe not but if we cut across regulated payment processors and the countries they blacklist, we find out that it is peculiar to UK/US/Canadian based processors. WMZ is also regulated and I'm not sure if they blacklist this much. I think if neteller weren't of either...

That has always been the fear of everyone and by extension, all payment processors. I think these e currencies should have learnt to be cautious because until the rotten tooth is pulled out, the mouth must learn how to chew with caution. Until they become regulated, they must be watchful of US.

Usually, news influence the Forex market either negatively or positively. High impact news like the Non Farm Payroll will definitely take a toll on the market and tilt it. Fundamental traders usually wait for high impact news and take advantage of it.