Well education is boring and many newcomers think they can make profit in the most liquid market in the world without any kind of head start. Hasting things in this market won't make one profitable. Having a long term vision would bring good to a trader.
Nothing emotional is good for a trader. So keeping all emotions aside while trading and based on facts which are present in front of the trader should be priority. Our main purpose is to make profit & not to show off.
My vote goes to Meta Trader 4. There is no doubt that MT4 is way more powerful than any other trading platform. It has way too many resources compared to other platforms and very easy to use. Since beginning I am used to using MT4.
You raised a nice question. Those who think demo trading does not have any value they learn the value of demo trading the hard way. That is by losing a decent amount of money. A Demo account is an important tool for a trader.
Yeah. Forgot to mention that. When learning things from a forex school also try to apply them on demo account. That way several questions will arise. Also answers to those question will lead to new questions. It will only benefit a trader.
When one gains experiences their mind does not work the same. When I was new a floating trade had some kind of unusual impact on me and had emotional difficulties and now I don't have that kind of a problem anymore. With time one learns to overcome it.
You are right. There is noting called perfect system. Every trading system will give loss along with profit. As long as the system generates net profit, it is a good one.
Choosing The Right Broker to Start
Choosing a broker is considered an important step in achieving your trading goals. Deciding which broker you can trust is not an easy task. FXOptimax offers all you need, everything to support your trades.
- Trades on 46 popular forex pairs (including...
Sub IB Reward at FXOptimax
FXOptimax partners does not only earn from their referred clients, but also from referred IBs as well. If your client refers other people then you will get 10% rebate earned by your client. For example, if you have MR. A as your client and he refers Mr. B as his...
Rebates for Partners
FXOptimax provides up to $15/lot rebate for 4-Digits Account and 5-Digits Precision Pricing Account, depends on your partnership level. Partners will earn daily rebate for each order closed above 2 pips, along with complete daily report of your clients’ trades. For more...
Anything is risky for newbies. Not just scalping. So when newbies start trading with any method they should first test it on a demo account and see how it works for them.
How much a person can earn, varies trader to trader. Every trade is different from one another. So how much they can earn varies because of their method of trading.
Go to babypips school. I learned from there and recommend others who want to learn. There are lots of materials and don't try to just finish the school as soon as you can. Take your time and try to understand what you are learning.
And what is the result of that in most cases? When things go wrong, newbies don't know what action to do next. Whether they should hold the trade or get out of it. They just stare at the charts with a confused mind.
You are right but the percentage of people who can do such thing are very few. Those who can make it a successful career, they don't have to worry about money anymore because the market has plenty to offer.
Yeah. Many specially when someone is new to trading will try to take revenge on the market for suffering loss. It is something which a trader should avoid so they won't suffer a large amount of loss in their trading.
MetaTrader 4 for Android
MetaTrader 4 Forex trading technologies can now be downloaded on the smartphones and tablets powered by the popular Android OS. Wherever you are and whatever you do, Forex will always be with you. Integrated charts will help you to determine the current dynamics of...
For your convenience, FXOptimax has developed margin calculator. So you can easily see how much margin is required for each currency pair. Below is an example of EUR/USD margin requirement:
Here you can find the margin calculator.