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No robot works for long term. Usually it works for a certain period of time. Then it stops working. That's why robot is not reliable.

Trading is not an easy job. The most important thing to develop is your psychology, if you cannot keep cool when your position is loosing money and make decisions based on facts rather than emotions you dont stand a chance.

New and undisciplined traders always search for an entry. They sit before the chart all day long. Even there are some traders who can not sleep properly at night. It is very bad. Fix one or two trading sessions and search entry in those sessions in higher time frames.

Not everyone can be a trader. A person with determination, quest for knowledge, patience and good understanding ability can be a trader. And all these qualities can be achieved if one wants. But the problem is most people do not have that much will power. You should choose the career that you...

Do not trade out of assumption. Learn how to trade effectively. Don't be hurry. It needs time to be profitable. Don't chase pips. Focus on developing skills and abilities, pips will come automatically. Do not treat forex like gambling.

Risk management is indeed the best thing for the newbie trader as well as the advance ,this help seal so many leakage that may easyly arise from our trade and I do hope that forex trading can be manageme properly through this means too and this is what the expert trader get first.

Scalping is a profitable short term strategy but it has risk also. Most traders do not get success just because of scalping. Scalping tends us to do more trading. As a result it creates undisciplined traders. After getting skilled you can do scalping.

I personally like MT4. I feel comfortable with it. As long as I am okay with it, I will stick to MT4.

There is no such specific time. The purpose of demo is to be familiar with the trading mechanism. Another purpose of demo is to test your strategy. Stay on demo as long as you find a proven method. Define your entry, exit, risk, reward and risk management policy on demo. Once you are convinced...

Successful trading is depend on most powerful analyzing trade knowledge , on the other hand , despite of good trading knowledge that’s not possible at all to lead a successful trading life at all if you don’t have a reliable support from a credible trading broker , because the broker can affects...

The first mistake most traders do is - they take the trading very lightly. Actually they have been introduced forex in a wrong way. They are told that it's very easy. You just have to deposit money and when price will go up you have to go for short and vice versa. A ready-made strategy will all...

There is no way to take revenge on market. Forex market is not so easy to understand but one can easily adapted to the market by applying good skill and knowledge. If the traders want to take revenge over market, they surely face problem and it is not feature of a good trader.

Trading requires years of learning and skills development - that's the part that people usually "don't do." Trading success does not reside in the "system" - it never has, and it never will. It resides in the development of the trader and in the ongoing development of their total trading...

To learn the art of trading, one needs to spend enough time and dedication. Most newbie are not willing to learn deeply. They run for short cut which is not an ideal to be skilled. It takes time to be skilled. Accept this truth and go forward. Best of luck with learning.

Forex trading can be one of the simplest ways to earn money. You can earn a lot more money as a Forex trader than you would working retail. You also do not have to worry about the hassles of a regular job. You are basically your own boss if you are a full time trader.

Everyone can trade. But not everyone can make money from it. It needs deep understanding of the market to make money in forex.

Forex trading offers high leverage by which a trader can oversee greater trade with little capital. If you are a position trader it is more clever to utilize low leverage like 50:1 or 100:1. Without a doubt leverage winds up being more perilous when we utilize huge lot in connection to the capital.

Everything has a beginning. You can not be professional without being a novice. You need to start from scratch. All successful people were newbie when they begin.

Biggest mistake is not making anything good from that matter and how do you plan to go further in life with that matter out there. I am totally and completely disrespected will be by such decisions, that's why I am always looking for some improvement ways on that.

Most important thing for successful trading is education and skills. Without being skilled it's not trading. It's gambling. Newbie should remember this that learning first first before earning.