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The starting point is always the Demo account but the main reason do many eventually give up is the fact that they are not quite ready for Forex. By this, I mean, they don't really understand Forex and how it works. To them, it is Forex and they are trading in it.

This is something that keeps ringing a bell into everyone's ear yet, a lot of traders fall to the trap therein. Forex is such a risky business that adequate care should be taken by the trader himself and effective use of the different risk management tools as a guide to successful trading.

And this is what I learnt from my Dad; if you don't know where to invest, never risk those hard earned funds. When an investor is in need of investment, the best knowledge is how and where to invest, hence the need for such teaching platforms.

That's what really matters cos it doesn't lie much in how much time you have spent in trading in Forex but how good you are with your trades. Being a Forex trader is much enjoying when there is the trading experience that spans through the years. That is what sets a trader apart from others.

Learning would have been a lot more difficult than the way it is now if there were no Demo. I believe a lot of those who are now traders may not have had reasons to join Forex or any reason to be called Forex traders. The Demo account is much more than a saviour to the newbie.

A newbie still trading in the Demo account might still have the need to know when it would be right for to switch but I think the time would be based on the level of knowledge he has already. When I first tried the real account, I needed no vision to realize I was on the wrong track because I...

There is this thing payment processors and their values do among out local exchangers. Sometimes you see all of them being placed in the same value, some other times, the likes of PM and WMZ gets the top notch and I keep wondering why it is so. Even there are times egopay and wmz share the same...

I was going through some articles on binaries and read through some traders comment where I saw one who said he's been trading in options got 3 years and is happy with it. His reason being that he had a higher chance of making profit and then, it's concluded in a very short time. Binary is...

Emotion aside, traders who also fall prey to setting high expectations for themselves are bound to lose. When the expectation is too high, it makes a trader want to get there by all means. This comes with a lot of things and they include greed and impatience.

I see Forex taking a new revolution these days because of the copy trading system. Most newbies are no longer bothered about learning how to trade. After all they know they can always earn from adopting the strategies of the more experience traders. This seems to have eaten deep into a lot of...

Yes, one can say it is the flexibility that makes the whole difference. There are quite a lot of businesses that can still give a trader such status but the overall requirements ranging from capital through time far exceeds that of Forex. In Forex, you don't need to break banks to start growing...

The best way to learn Forex lies more in the commitment the trader gives it. Allocating more time to learn about it gives a higher degree of learning it and a better understanding of it. Traders who trade in Forex will always realize it is a business where patience pays while HYIP is a different...

When there is need for a trader to apply another trading strategy, then he can possibly modify the strategy that he has been using rather than having multiple strategies at a time. It will only lead to series of confusion and not knowing the one to use at any point in time. Sometimes, it can...

If you talk about simplicity and convenience, the app is just one of its kind. The only place you can fault it is when it comes to given you the maximum you can send depending on how much that is in your account. While it's available in the web platform, you can't find it in the app but still...

@anosocialnet, there is no way you can turn it off, that's the way it is already. You can only turn off the pin code check and the log in notification. Secondly, you are not a verified user yet cos if you are, you wouldn't have paid that high fee, verified users pay only 0.5% @sindarin, I don't...

But then, there are days a trader will trade and make up to 5% of their capital in a day. Though might not make another profit or even lose a little throughout the week. I strive to get up to 10% of my capital per month though most times, I miss out that target.

The foreign exchange market has really come a long way to mean a place where anyone who possess the skills and wishes to work from home can call on. Here, you don't need to look for any special certificate to start up trading and with just your skills and a start up capital, you are good to go.

If a trader is quite skillful to program the robot in a way it will earn well, then it will. The robots basically are no traders, there are kind of copiers that only transmit that which we tell it to do. If a trader has a good trading plan and passes it to the robot, then the EA will compliment...

Feeling Moody will only make a trader lose in the subsequent ones. On the other hand, jumping into another trade or attempting opening more others in a bid to recover losses will still lead to more losses. It is better if the trader maintains a balance and discovers where the problem is.

@seeker, a fast connection is quite necessary even if it is not on a 3G network. I can still trade from my mobile when I'm on a 2G and with no delays of quotes. What makes the difference is how reliable the connection is. I have had a rough time sometimes ago when I didn't use SL and lost...