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Yes, its all about probability. Once you see the trends and you know that the probability is high you will trade to gain some profit. It will all depends on your skills and knowledge and what pairs you like to trade with and its all about the right time to trade too. If you trade during weekends...

The basics will be to learn as much as you can and get a demo and then practice for several months until you feel like you no longer need it. If you are able to make profit and know how to then you should move on the real account. Once you know how to manage money and loss then you can move on...

Its pretty hard if you lose money but you should not be surprise. You should know that you will lose so you should walk in with only money that you can afford to throw away and ave some to pay your bills. The reality of forex is that you will lose money so be careful and use money management and...

Well, its a place where you can earn some side money but it doesn't meant that you won't risk losing just as much so it can also be a place for loss factory too if you don't know what you're doing so its a double edge sword in forex. So a new trader must take into full consideration before...

You can also ask a lot of questions in forums since its the best places to ask questions so sign up and ask questions and lay out your stories. Also, you can go to Youtube, since there are many videos on there and then also tutorial and webinars that makes it fantastic to learn forex. Its easy...

Yes, leverage comes in handy for the pro trader. If you're good at trading then you should have some money to trade with right. If yo're talented then the broker can also get some spread from you. So leverage is for the good trader and I'm sure there are plenty of good traders who trade well in...

Yes, it has to be varied since the market is all different all the time so we change according to that. When the market change we also change. We need different strategies for different games and different market trends and different pairs. Yes, it should be according to the current market...

I think we lose naturally sometimes due to the fluctuations. No one can control how the market can react at any one time. WE can only guess that it will trend well or go downhill but its all uncertain and therefore we lost that way. How can you be sure that it won't swing against you? This is...

Its possible to make profit. You have to make sure that you don't lose a lot of money. You can make profit but it doesn't come that easy though. Its a very stressful business and if you're not stressful then you're a pro or very experienced or have tons of knowledge. When you acquired more of...

People join forex to earn profit. Its easy online business that anyone from around the globe can do. The great thing about it is that you can earn in a few minutes so its easy to make money. Now, its also very risky so traders should beware of this and be cautious against risks. People will...

Learning forex and trading is easy and free. There are many ways to learn from forex online. There are many pro websites that will teach you forex like babypips and then dailyfx or investopedia. There are also websites like youtube where there are plenty of videos on there for you to learn from...

Yes, of course a demo account is really effective for beginners. They are a requirement if you don't want to lose all of your hard earn money. They're necessary for you to gain experiences in trading and I doubt that any new trader will make profit if they don't even know how to set up a trade...

I recommend you open a free demo at any broker. You can go to dailyfx.com and there are free demo there as well and they're a good website for pro opinions on the market. You can trade it for a month and if you do well then open a real account with a well known trusted brokers that give you...

I look at the chart and then at the currency pl to see if its going well. I would then make my decisions if its not going well. You have to if you're doing it for the long term or short or if you didn't use stop loss. I got to make my decisions cause I didn't use take profit. Sometimes, its...

A demo account is essential for any serious trader. If you wish to trade and not lose money then you have to do a demo. You're so foolish if you don't use it to practice and learn and gain experiences. There is no traders that can gain profit if they have no experiences in trading and jump to a...

Yes, forex is the trading of foreign currency. Its a huge market that is open 24 hours a day and anyone can trade if they can open an account with a broker. Trading can be profitable if the traders have a lot of knowledge and skills. The trader should also understand the high risk of forex...

One has to learn how to manage the money. Its essential to gaining more profit and minimizing losses. If you don't know it and you throw in all of your money then you might walk out with nothing too. You have to trade with modest amount and also learn to avoid losses so yo do walk out iwth some...

I guess your personalities make all the difference in trading. If you have a gambler's personality, you will not do well. You will throw in all of your trades and then lose them all at once or you quit your job and stay home but you lose more than you gain. So, there are a lot of things that...

You should trade a demo for several months before moving on to a real account. This will help you from losing tons of money so its the best thing that a trader can do for themselves and its to practice. The risk of losing is so high so therefore the demo will give you enough experiences to...

I know one thing that is bad for me, and that is risk of losing. I mean you get to gain some profit but you also lose a lot in a quick amount of time so that is the worst thing for me. It takes me the entire day to make one hundred dollars and then it takes like five minutes to lose it tall so...