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I have also seen a lot of traders who would prefer not to use the SL, at least, the are not that disturbed about their SL being hit. I see it as just a necessity and not a compulsory thing to use. It helps to guide a trader from huge losses.

Yes, any future mistakes of the same manner. Losses sometimes teaches us better than the way would have learnt. It tells us how best we can breast cautious because I am yet to see a man who is ever happy losing and one of the things losses do is to teach you the hard way how to minimize future...

You know, even some of those who trade Forex full time may never had known that they will finally depend on it. It's always a gradual process and the trader finds solace in it. I'm sure it will breast pretty difficult to find someone who had hoped in Forex from world go, probably not but...

I see Forex as one business that confidence plays a great role. It is not as if a trader is deemed successful when he is confident but a place where the majority of what the trader requires centers around confidence. It is one thing that is not negotiable. It gives you a positive mindset, works...

I think that gradually, some traders are trying to start coping with the short term of trading. This I feel is because of the tendency to make profits within shorter time than wait much longer for positions.

To the best of my knowledge, Forex could be extremely risky for a newbie to use it as his only means of livelihood. I think he is rather immature for that and the only time someone can take Forex as his means of income is when he's got the knowledge.

Yea, talk about nervousness and indecision. That is one of the things lack of preparation can do to a trader. When there is no plan on hoe to trade, the trader is always affected by the changes in the market and the tendency to lose concentration sets in.

I don't think it's a bad thing. It's only bad when you don't have enough knowledge to back it up. People invest a large percentage of their life investment and reap from it. It all bothers on what knowledge the trader has and the skills to convert such investment to cash.

I like making use of the EA because personally, I find it much easier to use. Well, I started with it and have adapted to it. Combining it with RSI though gives a better result. I think to a great extent, it is easier for newbies.

I think it's a bad idea for some people, quite bad that you dare not talk about it where they are. They simply detest hearing about Forex and it would even be preferred that no one raises the issue. Well, the grudges is understandable because they must have lost so much with Forex.

A newbie should also understand the principles of not following strategies just because it has been reported working. Practice more on developing your own no matter how long it takes and how tedious it is because it would be much easier for you to modify when the need arises.

They are quite some good rules though I know traders who do not keep some, especially rule no d. To them, the stop loss tool is just an option which they think they can handle on their own but quite important to a new trader. That which he strives to do is to always learn how to place his stop...

But let's try and face this logically, if a trader can manage other people's capital, as in the case we find with a PAMM account, then why not, why won't they loan to trade. I mean, there is a manager of an account and he makes some percentage over the capital calculated in a period of one month.

And it is even growing more popular but a lot of concern has been raised about the future of the currency. Since it is a decentralized one, it might probably not continue with the pace of rise in its value.

I think the MT4 has maintained that lead, not even minding the fact that the MT5 is a more advanced platform. Even if the MT5 would still come and measure up with the former's popularity, I know it is not any sooner. Probably in long time to come.

Well, in PAMM, you are an investor and not a trader, maybe a copy system. Investing in PAMM is more like investing or buying stocks which you only earn dividends and not trade yourself. Maybe as a copy trader, the person can earn with another trader's knowledge.

The issue about trading in bitcoin has been on the lips of some Forex traders with rising question of how to trade in it and what factors would determine its movement. But in this case, is it investing in bitcoin or trading/pairing it with another currency that you mean.

I think a broker makes it's money from the spread. Whether a trader gains or loses, they will still make their money and the business will continue. Though I do not deny the fact that there are brokers who might be manipulating the system as seen by some traders who think so.

I think, Demo account can also be a place where the trader can try out different market conditions. It doubles to be a place where you can see how you will fair well when you try to trade in adverse market conditions or when you wish to trade against the trend of the market.

I think you lost because you took a wrong approach to signals. Most definitely, trusting it because I receive signals from youtradefx and there can't be any guarantee for that though some of the tines, they serve good but it's just their marketing tip and not a recommendation. It could be wrong...