In my own opinion, a newbie should see Forex from this angle; it is a place I have to learn from the scratch and only move over to practicing in the Demo account when I think I've got the time and skills to do so. After getting some practical knowledge in the Demo account, then it wouldn't hurt...
That will tell you that it is a business where the losses cannot be eliminated completely. But if we can pause and think, then we would know and understand that it wasn't so some decades ago when there is always a pegged price for commodities like metals. I still think it wasn't as challenging...
Yes, the more we practice, the more we are less likely going to become fearful again in our trades. That really mean that we are beginning to gain some kind of confidence doing what we are doing over and again. Fear though bad but doesn't just go away, we will have to battle with it for some...
Yeah, I just picked a version of your post which I think it's what really matters. Some people can much easily fall victim to wrong idea or risky businesses just because they have a half baked knowledge about it. Though bringing it in colleges doesn't mean treating it in depth, there is always a...
This could depend on individuals or as some would say, vary from person to person. Some are too good at handling multiple investments and yet surviving in them all as regards managing the risks and understanding when to buy and sell while others would prefer to hold on to that which they know...
That could be some kind of bad experience if I can't find comfort trading from the comfort of my home. I mean that is a place I can always beat my chest and say I'm glad to have come home. I do think that it is necessary for us to always find a lasting solution to such problems and make our...
@Suresh, that's a clean difference in between and I guess the more reason some believe that though they look the same in most aspects, they still have distinct differences.
@Daisy, I guess the stocks should clearly be seen as a bsiness which we can only hope to reap from in a long run rather...
Actually, though it doesn't really matter where you are but in a long run you find out that a noisy environment will definitely give you a divided attention especially when you are making your analysis. This is the reason why so many traders will always prefer a serene atmosphere or even not...
I still think that in cases where there are no such privilege, it wouldn't be bad if you loan from a place or institution where you have to pay an interest, low though but when you are sure you are having a great deal to overcome the bad side of losing all your money. After considering the terms...
Funny though but true. There are just those who would not even understand the slightest change in the market even if it stares at them in the face. Some are just that way and if those set of people try Forex, they will only end up blowing their account easily. But on a second thought, interest...
That is basically the way Forex should be seen and treated. We don't have too trade it full time or wholly dependent on it when we do not possess the adequate skills to match it up. It is though a very good business with a clean and legal way of earning but in the real sense, it is only ideal as...
My dream has always been to have a comfortable means of earning at home where I am not under obligation to wake up very early in the morning all in a bid to prepare for work which I must meet up with the time. A convenient place where I can easily transact from anywhere without having to set up...
I also wish that someday in the near future, I can turn to Forex trading and have it whole heartedly as my source of income. When I can beat my chest strong and say, I really enjoy being a Forex trader. I believe Forex is one of those businesses we just would have fun doing because of its...
Well, maybe right, maybe wrong but there are those that really didn't pass through this stage of Demo learning or practicing and are currently not doing it too. Though it's really hard to believe that they do not but sometimes, their reason of switching to the cent account is understandable. I...
Getting MCs could just be one of the things a new trader battles with due to not just insufficient capital but also insufficient knowledge to manage their little capital. I feel that having to grow our capital first in Forex is a good way to have some reasonable trading capital that will stand...
Sometimes i even get a lot confused about conflicting reports about some brokers and this could mean that before a new trader chooses a broker, more than just a research needs to be done because I see so many traders here that patronize IFX and I still see a lot of negative online reviews about...
That is one of the things Forex brings or the benefits it gives. It allows you trade when you feel comfortable and you don't have to rush out in the early hours of the morning to beat traffic. You don't have to be directed on what to do and when to close work by some kind of boss.
And we see it from this way too; if there is no management skills in place, you only end up losing even the one that you have made and if you take it up cumulatively of what you have made and that which you have lost due to lack of risk management, you will discover how much you have lost in a...
I feel I took a right decision to have discovered and followed Forex since I do not have to take away my whole time all because I want to earn some money online. Forex is one of the things that can give you some side income and not drill a whole into your time. You have a perfect control of what...
And actually, for a new trader, understanding and separating the chaff from the grain is where they feel the difficulty most. Yes, new brokers stand a higher chance of going scam even when there are still some of them that can be trusted with the heart. I feel that a review would be the best...