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To keep it short, forex is simply foreign exchange - a system where you can trade one currency against with another to make profits or losses.

It is always good feeling when you are able to found the problem. Best feelings ever!

Yup! What trading style are you following?

I am using MT4 with fxview, quite satisfied with the working.

Education gives a good base in every field, not just forex. To be a good achiever, one has to be a good learner for sure.

Yes, for newbies it is a little difficult to cope up with the markets first. So every beginner should make it a point to start live only after he has gained sufficient knowledge and practices well in a demo account. If he has the required knowledge, he can then make good trading decisions.

That's right! Wavering emotion due to money involved, is what makes the difference.

That is true. And this is the reason why many winners in demo trading often fail when they start live.

Good education provides a good base to everything, including trading. One with good knowledge and education goes a long way.

Learning should be the first step of anyone who's trying to get into forex. Not all beginners take this step seriously, which is why they have to pay for it later. I think learning is a process that goes on till the end; even experienced traders have to learn side by side.

Agreed! Money management is really important.

Being confident is okay, rather one must be confident while trading. But over confidence has to be avoided at all means.

That's right. Everyone should rather keep their research and knowledge learning strong and up to date; that ways they can trade successfully.

Even I refereed to Babypips a lot when I had begun. That really has good information.

Well can say over-confidence; that's better according to me. What say?

And that is the major mistake traders are making these days.

Following other's blindly is going to bring no success in forex, that's for sure. Yes learning from others is okay, but simply copying them blindly is of no use.

Indeed it is really risky. But by taking proper measures and being selective about trading decisions, one can curb down the risk a little.

Using leverage wisely is more important I think. A little irrational decision taken and your account is gone.

I totally agree with you.