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Actually, the stop loss strategy is quite a very good and important risk management tool that is almost inevitable when we talk about minimizing losses but in the widest sense, not every trader knows how to set it and even to some, they had better avoided it than set it wrongly and have it hit...

The need for using the Demo account cannot be over emphasized. It is always a place where the trader needs to fall back on as far as learning is concerned. To the newbie, it is an inevitable area and a place where he either goes or risk losing all his money in the real account.

Sure, one of the good ways to capital management is seen in budget or say, allocation of your income to other needs. Personally, I do make have some money for miscellaneous expenses and when it comes to investing in some high risk businesses like betting, HYIP and Forex, I call on it such that...

The Demo account is a practice area. It is the only safe training center I see in Forex where I have to go pour down all those internet and friends suggested techniques without expressing even the slightest fear of losing any dime. I see the Demo account as one of the criteria for success even...

I only see it as bad when there is no skills to support it. When a trader is confident in himself and believes a lot in what he can do when it comes to trading, then taking a loan wouldn't be a bad idea. It can be seen from the angle of trading with your own capital and having some percentage...

Exactly, and also depends on the skills the trader posses. I know of some traders who you would hardly notice that they are trading. They are news traders anyway and you only see them trade once in a while. I guess after they might have studied the economic calendar for some time and know the...

That's a great loss if you ask me, I mean, how would you just watch and see your funds get sinked that way. I can remeber my first trading in the real account, I only invested just 10 bucks and it hit an MC before I could say Jack Robinson. I wouldn't have even risked up to a 100 round figure as...

Sure, no one becomes successful by doing one and the same thing, the same way over and again. It doesn't make someone a professional or an expert in his field. Trading strategies should always be adjusted to suite the market. Even when it has to be very similar to what you've been doing, a...

I've heard some people talk about trying to revive a robot kind of or most probably, call it updating since it is a software and I try to factor out how possible it is. Well, in as much as it is a computer program, I believe there is a great deal of possibility in doing same but at the same...

Well right but they are still in some way, inter connected. Personally, if I feel tired physically, it affect every other thing I do when it comes to concentration. It reflects from the way I think and the next thing that comes is for me to feel dizzy. In such cases, I hardly would even sit and...

To a great extent, I will choose Zulu trade. Though I don't know the percentage of profit PAMM managers give on investment, but I believe copying a pro traders trading strategy would be more than that of PAMM investment, unless in the case where I have little or no time to sit on a system and...

The safety of PAMM lies a lot on the manager. That is why it is always advisable that the investor takes time to cross check not just the past achievements of the manager but his most recent ones. Though all these are no clear indications that he wouldn't flop in future but it goes a long way in...

I do believe that some of the times, it is the traders themselves that mount unnecessary pressures on themselves. I mean, the pressure to make some huge profits or some consistent profits even when it is already clear that they are taking far much more than their brain can bear. Over trading...

I think leverage only made it possible for those with little capital to be able to trade. But then, even with the leverage system, we should also understand that it can result to increased effect of losing when we fail. Either way, I think Forex is just becoming much lesser expensive than the...

You really have a point here and as a matter of fact, I was thinking about this sometime ago that making the business a controlled one where a particular body, even if it has to be one international body that will house it, perhaps something close to IFSC even if it has to be of a different...

Yes, and that is why you always hear some experts say that it is the experience that makes a successful trader whom he is. It is a stage where all newbies who are determined and patient will get to. Professional traders have long practicing years of learning and trading and if we face it...

I still think same way. I hardly would believe that there could be a situation where strategy would be decided impromptu and it will yield any good result. I think it will only be felt better when there is a pre plan. A hasty and a 'not thought after' strategy can really become a cancar worm in...

It doesn't matter hoe poor you are or how rich you are. Forex has come to a stage where anyone can fit in irrespective of your financial status. There's always a plan for every pocket and that which suites your capital. The more factor that should govern is how knowledgeable you are and your...

It could be anything depending on the name the trader gives it and the way he trades. Most probably calling it a job depends on the trader's approach to it, if it is what he does for a living and what he solely hopes on as a means of livelihood and of which he expects an income. In this case, he...

When I'm sure I have gotten adequate knowledge on how to trade Forex, I can invest in it fully. I mean for now, I allocate only a fraction of my income to trade and it means less to me if it gets drowned along the line because I count it as one of the things we do in the process of learning.