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No matter how skillful the trader finally becomes, there is always at some point or the other, the need to fall back on a Demo account. There are those who do not trade in Demo though but that doesn't make them more experienced or professional than those trying out strategies with the Demo account.

For the single fact that Forex remains speculative in nature and that which is full of probabilities, it makes it very difficult to associate it to a get rich quick business. It takes an average trader time to understand how the system works and it is only those that were able to withstand the...

Yea, that which trader A might like and want from a trader might just be different from the things trader be would like. Just as the choices of choosing the pairs to trade on differ, so does that of choosing a broker too. A lot of people consider the leverage brokers offer while others are more...

Though I haven't tried the MT5, I still feel the MT4 provides all that a trader would need in a trading platform. I have heard people who use the MT5 complain about how difficult they find using or navigating to some of it's functions and how it is a bit more complex than the older version.

Yes, with the way a lot of people are becoming interested in not trading but learning. So many are becoming so inquisitive in learning it first with more thinking less about what people say concerning the profitable nature of it.

Yes, IQ matters a lot in Forex, either we believe it or not, it contributes to how fast we are able to learn and how fast we are able to trade thereafter. Sometimes, you see certain people and it looks as if they are more skillful than others who they started with.

With proper risk and money management, anyone can ATTEMPT trading. The person can start off in a very small scale though not all will eventually remain. No doubt, that is a natural law. With mini account, you can go as low as possible and you are even sure that is the kind of fund you can easily...

Yes, that is mainly because of the stage you are. You find out that in 6-12 months time, you would have heard that experience and courage to open more positions, of course increased your capital, increase your lot size all in a bid to make profit.

There are a thousand and one sources to look up to in the internet and many more cropping up by the day. Skype and Youtube have made it possible for us to learn easier but I can tell you there are things a Forex trader can't easily reveal to you online. How many times have you seen traders share...

Testing here according to what he means is not the testing of strategies which is not bad but trying out luck. When you are trying to see if Forex will favour you or not, then it means you were not even prepared for it and in this case, those people doing such will quit after losing twice in series.

Well, that's a very nice plan and in that way, you are always targeting at the amount you will increase or compound your capital with. There is also another side of it. What if the profit is far much less than the presumed. It means money will have to come from another source to fill the gap.

Huge capital doesn't matter right? Is there any way someone can earn $1000 from $100 in a month. Or better put, what are the probabilities of Trader A with a trading capital of $100,000 making $1000 in a month and Trader B with a capital of $100 making the same amount of money. Provided the two...

Exactly, sticking with just one strategy is more like saying you know everything in Forex and so, do not need to learn much more. Suffice it to say that one would say it means perfecting in a system that works for you but it fades with time.

But most times, you even find out that the big traders are the ones that gamble a lot. Though one might not see it as gambling in the real sense of it but they tend to risk games the more by taking chances after analysis which ordinarily, an average trader would not find it easy to take.

So easy it is while saying it. Yes, learning the concept is easy as well but implementing it and getting a better result gives you the hook. If Forex were easy as you explained, those people that have left Forex wouldn't have and you know what, it takes more than those explanations to know Forex.

Yes, and I believe ones that will have all that is in the computer system will come up in no distant time since the current MT4 is lacking in some tabs that are available when trading with a PC. Perhaps we should be expecting an MT6 soon.

Quite correct, in Forex, people gamble as well just about the same way a real soccer spunt will gamble a variety of games. The real brain is in the winning and that is where the difference comes in. A trader who rushes into the market upon seeing a signal without his own proper analysis is only...

Well, the much I know about etoro, they do not accept traders from all countries and mine happens to be one of them. At least, the last time I wanted to register through a ref link, they told me the country I'm accessing it from is allowed to. I wouldn't say taking that step for a newbie will be...

I think what majority of those people mean is funds that are reasonably fair enough to hold us for some time so as to avoid being kicked out of the market. But since the mini account is there, I see no reason one should even start up with huge capital his most concern at that stage is that of...

Though there are businesses one can survive in with little or no experience but it is not Forecast, definitely not. It is such that requires you understand the system and the way it works before you can make it. Sometimes I wonder why even the respected traders still lose. Experience should...