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EAs have both their good and bad parts. They can generate you profit from trading and they can as well fumble especially when not properly handled. I feel that a number of times, EAs flop because of lack of knowledge on the part of programing it by the user. It is not a plug and play thing and...

It is a trader's trading system that determines his success. It doesn't fall from the skies, rather, it is that which the trader himself does on his own and develops within a specific period of time. Trading system is where a trader's strategy is based and it is the brain behind his analysis.

It's just a software that does the job that you would have done as a trader. That is, when programmed, it trades for you as though you are the one trading yourself. Robots help traders who have little or no time for themselves to take care of their own trades. It takes the place and trade for...

That's even where the mixed feelings come. Insta as you mentioned as well as the way I see them is simply a fine broker which I am yet to see the very bad side of them but I still wonder where the reason those who think they have little or nothing to offer come from. Well, I think Exness too is...

Brokers I know that offer free VTS to their customers attach certain conditions to it which centers around the minimum amount you will have in your trading capital to the amount of deposit you make. Yes, it is a very nice way to handle trading robots as it offers the trader varieties of function...

I can't agree more. If there is an innovation which is just peculiar to a particular broker, I would say it wouldn't last so much or it may have just been introduced and too early to start seeing it in other brokers. In a matter of time, fellow brokers will copy it and the competition continues...

Though I have not tried se of the pairs to draw a basis for growing affinity for anyone, I think the main concern is how well the trader understands the pair. Though the popular pairs have higher chances of profit because of the likely volatility but the low demanding ones might still be...

Well, you have a point there but there is always a first time in everything. As for, those who were hitherto with the financial sector or securities most probably had some pre knowledge of the market or a slight view of it. But then, it is not identical the same as there are so many variations...

It doesn't only lie in getting experience from past mistakes if not traders wouldn't be losing after spending months in the Demo account. Sometimes, the nature of the market can just force your stop loss to be hit beyond your expectations. But then, I still believe that a progress of learning...

I have also thought about this sometime ago and I feel it might be because of their low tax rate. In most cases, whenever Cyprus is talked about, so many people relate it with Forex. I'm not sure if they are that strict when it comes to regulations and approval of brokers to practice under their...

Though in whatever we do in Forex, it revolves around taking risks, we can as well minimize these by putting in place, risk control tools and techniques but in a long run, it wouldn't do any trader any good to take huge risks. Personally, I consider it as a do or die approach to trading and it...

Risk management should be as important to the trader as making profit too. Thank goodness that Forex offers traders good and better ways to cut down the effect of the uncertainties in Forex. It means that traders have the chance to determine what degree of losses they want to make. Most...

Some still see Forex as a place where they can place some of their investment funds in. They want to have some of their funds channel to a particular part of the securities which is not stock, they can just choose to invest it in Forex either as PAMM, trade themselves or other forms of...

Personally, I concentrate on the EUR/USD and some of the times (few times though) when I feel I have some good analysis of the market, I try trading on the GBP/USD as well and that is the most I can take at a time. I feel that doing multiple pairs might still create some degree of inconvenience...

Sometimes even, spending very long hours trading can only bring in some diminishing returns. It doesn't always lie in how long but how well. The more we trade or the longer we trade it practice, the lesser productive we shall become. So that which I feel should be more necessary is to trade when...

I think that any trader that has never lost has never tried trading. It is just something that is in Forex and has come to stay. No matter how strong and effective we might think our analysis are, it doesn't in any way guarantee us of a no loss scenario, rather, we can strive to minimize it.

Of course dear, everything depends on time management. I know some would want to just devote less than 2 hours of their time on the charts but due to the fact that they are not disciplined enough to maintain that, they only end up spending far much than they bargained. Time management and...

Forex is also seen the angle of a business which is worth going into only when the trader has understood to some extent, the market. The market is always varying both in volume of transactions and in rates or prices. It is advisable for a trader to only trade when there is a fair and reasonable...

I think that drawing a line between Forex and that which we invest like the source of the money we put into it is just a function of the perspective we view Forex from, how we see it and most probably, our degree of skills. Forex when understood well is worth putting our real investment funds...

If a trader is sketch making profit from Forex, it means he knows and believes in his capabilities to some extent, then why not. He can always go all out and take it as not just a side income business but as that which he does that puts food on the table. That way, he is guaranteed to some...