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Forex can be gambling if the trader has a gambler's mentality where he open revenge trades and put all of his money in one baskets and do not know when to quit. There are gamblers who will find all sort of portal to gamble and even make up their own gambling hall in their own home so I think...

Fundamentals is everything in forex. From it that we will know when not to trade a certain pairs and when to. Fundamentals is the reason behind price movements on certain days and when there are bad news we know certain currencies will weakened against others. We know that news do affect our...

You should manage your losses, risks, and money and your mind in order to be a good trader. In forex, its all about management skills that will set you apart. You can manage your loss by using stop loss and take profit when you can. You can manage money by using low capital and low leverages to...

Its natural for us to fear to lose money. I mean it takes you all day to make $100 bucks and then lose it in ten minutes is something to fear about. However, you can keep fear away by using stop loss and also take profit when you can and don't let it dips or do long term trading as its less...

As long as you make money from copying others than its fine. I think this is ideal for those who want some extra money and don't have the time to do it or don't have the motivation to learn all that is needed to trade or that they're afraid to trade or take risks or not good at trading then they...

People get addicted to it or quit their job and stay home to trade so they have less motivation to go out and work and build their resume. I know of full time trader who do not return to work but as long as they make money then its ok. People could also get way too involved with forex and forget...

Its hard not to get attached to it if you're a full time trader or if your life depends on it. Some people do not have jobs so they turn to forex and hope to make some money but they will also get very attached or depressed if they lose or do not make money so forex can be mentally unhealthy...

One nice thing about forex is leverage since anyone can get it easily. In the real world, in order to get any kind of leverage you must have a job and good credit in order to get some leverage but its low too so its not like you will get it every time you want it and it might be a one time thing...

You're able to see the profile of the trader that you will be copying. You can go over to Etoro and look at their platform and you can login with facebook. You will be able to see their past records of trades and the percentage of success they have had and how many people copy them. Some traders...

If you're a trader, you must have formulated some strategies to make sure you make money right. I have my own strategy. I do long term trading more than scalping and I find that the profit comes easier with less risks so I trade it for at least one day or maybe until Thursday if I buy on early...

If you're a newbie, you should learn the basics of forex at website like babypips.com or go to youtube as there are many brokers videos on there. You can then open a demo and its free with most brokers and then practice for a couple of months and then go to a mini account like the one at...

I'm the same as you. I do have financial and business education and experiences so it makes it very easy for me to understand and trade forex and even know how to make it profitable from many years of doing businesses. I think that is why its more attractive for me and I like the flexible hours...

I would not invest in large amount without any knowledge and then it becomes gambling. You should invest in modest amount even with knowledge and experiences to minimize risks and loss. We should never rush and put out way too much money for forex since its way too risky to risk. We must be slow...

Profit opportunities and that is why many do it. Its an online business that anyone all over the globe can do it so its very convenient and easy to do so why not. You would not want to pass up on such opportunity. There is no other business like it where you don't have to deposit a buck and be...

Of course, forex calls for the knowledgeable and experienced traders. Once he accumulates all of those, he will be a perfect trader. He will need to know and understand all about forex and have talent as well in order to make gains. He will need to analyze with superior background knowledge and...

Ideally, a business man or woman has tons of financial experiences and business experiences as well as fundamental so they might perform so much better than a non-experienced and non-informed student. They don't have to learn fundamental since they might have known lots of it already and just...

Well, dear all you have to do is put it like 30 pips or so on sl and you should be fine cause if a trend is bullish it will not dip to 30 pips below unless you allow it too and you will see when it dips. You might not need sl when you're monitoring your trade. You can exit it yourself if you...

We can make money and have some fun trading and that is why I do it. I would like to make good stable income from it and like to be able to create a business out of it so that is why I trade. Isn't it cool to say you own like a trading company or a pamm company even. You can make a lot of...

Well, you can test them out to see which is better. Some of them do not charge fees for deposit and give greater bonuses and lower spread and better service support and fast liquidation so you should go with them. Some of them are more experienced, have more advance trading platform, and have...

I would also think that you can give places like Etoro a try since its a social trading network where you can chat with others and then ask questions and see their trades. It also allow you to connect to others and you can seek help from them but best of all you can also copy successful traders...