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Well, trading in the Demo account is more than a necessity. That is something every trader needs, even though some refute it. The Demo account is a safe learning environment and a better place to build our strategy without the risk of losses.

But some people find it difficult to control their greed. I see this as something that is inborn in some and no matter how much they are losing, they will still be very greedy. Maybe it is something that they have grown within themselves over time or over confidence.

Personally, I don't think not allowing you to cash out easily as you want could be considered scam, only scam when it is prolonged over a much higher period of time than necessary. Though I've heard issues where some traders where denied cashing out in the wake of the LR problem.

That is why it is always fine to follow all news, high impact or not. It is the politics that a country plays that will determine the direction of their economy. A country in political disarray will have a shaky economy and will cause their currency to drop in value.

But some other times, it is these goodies that attract all and sundry. And for an entirely new trader, he might have very little or no premonition about the lurking danger. More so, now that the older brokers are offering very similar offers and mouth watering bonuses.

@gkinti, well, it is that curiosity and anxiety that makes it a tension business. Even when one has his hitherto working strategy, the fear of the unknown in the form of losses leads to pressure. The hopes and dreams especially when dashes will definitely make a trader develop pressure within...

@amit.neogi, Demo account or trading I'm the Demo is only a necessity. I doubt if it's all traders that trade in this account. I also doubt if Demo has been in existence from word go. I guess it's an innovation, though has been around for some time now. Not every trader fancy it though, but it...

And that may be the reason why PayPal doesn't partner with some countries due to their financial laws. Because if you look at this critically, it paints another image to the mind of an average South African who would want to transact using PayPal.

And also the session with relation to the persons time zone. Choosing a good time frame is the first road to success when it comes to preparing to be a Forex trader. The better the time you choose to enter the market, the better the outcome of your trade would be.

Yes, the business is capable of changing a trader from two different angles. That depends a lot on the knowledge we have about Forex. While some think it can turn a poor man's life around for good, it might still make you poorer.

Since Forex is a business and the dream of every business man is to make profits, then one wouldn't deny the fact that what everyone who is trading in Forex is looking at is the money he would make from it. That is what all live for and the prime advantage of trading in Forex. However, other...

Firstly, starting Forex is not all about downloading the trading terminal. No, it's quite out of the game. There are some basic things the trader should know, including a knowledge of the kind of business he is coming into. It is only after achieving all these that he can proceed to register...

Yeah, I think it can just be an individual thing with his preference and that which he likes more. There are some good businesses one can still venture into and be sure of some reasonable returns but in the case of Forex, some are just good with it. Their preference is simply based on the...

Taking Forex as either a full time or part time is always the choice the trader makes. However, as a new trader,it is almost wrong to hope to rely on Forex as a full time job till adequate skills and knowledge is gotten. That is why fresh traders should first see it as a part time business.

The concept of binary options is that which is not easily understood by many. There are just too many sides to it and personally, I find it very difficult to believe how it works. I see it as more like gambling where you just have to bet on possible outcomes.

I even see more and more people joining Forex either trading themselves or copying. The feature of the copy trading system has made some develop interest in Forex overnight. Instead of thinking of ways to analyze the market, they depend on an already hosted strategy.

Well, to me, most of the times, the length of time to be practiced in the Demo is quite a function of the trader and his skills in terms of how fast he can learn. Not everyone learns with the same pace, while some can learn very fast, others just do it at a slow pace.

@FBS, May I really get the whole stuff about this insurance of a thing because it's kinda sounding as if it's all rosy. Taking for instance that I'm a trader who loses more often, how is this insurance going to help me get back some of the money I lost to trade.

I believe the act of losing more than we gain is always as a result of inadequate knowledge. This gives rise to improper trading plan or mistakes in our analysis and then, the more reason our errors turn to failure. To achieve that which we want in Forex, no stone should be left unturned in...

In all though, either short term or long term, that which also plays a role is the skills of the trader. Both terms of trade can still generate a lot of profit depending on what the trader knows about the market and how he understands the market sentiments.