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Well for me Neteller is much better than skrill. I can't say much about Skrill but on Neteller everythign is secure. There was a time when my Neteller account was block because a payment bigger than usual made from my account. And they blocked me and asked me to contact them. After that they...

Each one is a different company and also not available in all countries. Among them Paypal is the most popular and Payza is the most expensive payment processor in my opinion.

By good amount, I hope you tried to say certain amount which they can afford to lose. Most new traders when go from demo to live, they will lose their first investment so they should not use large amounts in their trading.

During news time those spikes, flactuations, slippages will make a new and sometimes even experienced traders confused. And it is not uncommon that new traders face failure and so we suggest them to use demo account so they don't lose money.

Yeah you are right. And that is why I said unless one understands how to utilize leverage properly they should listen to those who knows how leverage works. That would be better for them if they listen.

This happens with new traders after opening trade. They go in certain kind of mental state that they can't even sit still and stare at the chart while an order is open. For this is of mental state it will take time to train that trader's emotion.

Different traders use different methods to set stop losses. I set it the way you mentioned. The thing is stop loss is a must and must be put in every trade.

Can't say about emotional aspect but setting daily profit target would make life difficult. As you mentioned losses will also happen and so those days pressure would be more for that trader. Weekly, bi-weekly or monthly profit target is ideal in my opinion.

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Nice to see a post like this. Honest and realistic and no pride in it. Traders should trader with instruments they are comfortable with and should not force themselves to do more than their capability. That should yield better results.

Agree with everything you said except 3 months. A trader should take his time to trade on a demo and when he or she has a profitable strategy then should move on to real account.

Traders who make consistent profit, I don't think they use high leverage to make quick profit. They way I see it, high leverage gives us the benefit not to worry about margin requirements and one less thing to focus on. Abusing leverage can be costly for traders.

In my view stop loss is a must. There is no going around it. One must put stop loss to all his trades. Otherwise it will take only one bad move to do considerable amount of damage from which one may never recover.

From my point of view news trading would not be a good thing for newcomers. Anyone can disagree with me but for newbies working with indicators gives them better understanding of where price might go. They will struggle but they will learn.

Leverage can be good or bad depending on how a trader utilizes it. It is better to go on with what experienced traders suggest. Unless one understands how leverage works they better use 1:100 leverage. It will help them damage less.

Yeah MFB is one of the places which became investor's searching ground. Some discussions also can be found there but they only discuss about individual criteria. General knowledge about investing mindset are not there.

Brexit was not expected but happened. Trump was not supposed to be the president but became the president. Le Pen is not expected to win BUT what's going to happen next? Lets wait and see.