Well market does not always move according to the news outcome. It makes different kinds of moves based on the traders sentiment about the market. so various moves should be expected.
Newcomer or not. Metatrader 4 does not have an alternative in my view. It is the best out there and most comfortable for traders. Though some prefer other platforms but they are no match for metatrader 4.
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You made a good point. Many focus on making only money that they ignore other things which they should be focusing on before focusing on money. A sensible trader should look through it.
Any kind of work a person does, if he or she is not sincere with it then it won't be bringing him or her anywhere. They won't be able to prosper in their work.
I am not sure but oil prices move a lot and it is very unpredictable in my opinion. Also on wednesdays crude oil data make Oil prices move without any direction.
Yeah. Market won't move with certainty so we need to wait for the right time to enter the market. If one can not stay in front of the charts then they can utilize pending orders and also there are many other options for a trader. Impatience is not one among them.
Forex can be one's full time job and one can have other side businesses. The thing is not to rely on one source of income. Diversifying income would be a better choice.
Well I was talking about preparation phase. Building confidence is also a part of that phase. But the main thing is new traders should stick to demo unless they have a good trading plan to make positive pips.
Yeah experienced traders learn to not to put emotions in their trading as it is harmful for them. Their decisions are based on their plan and not based on emotions.
What I know, newbie syndrome actually refers to something else. They tend to do more research than what would actually bring them profit in the long run. But as you said it is not good for a trader.
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Over-the-weekend leverage
To prevent negative equity on high risk accounts due to the potential gap at the market opening after weekend and holidays, the maximum leverage may be temporarily reduced to 1:100 on Friday or the last day before holiday, 5 hours before...
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