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Achieving consistency is a difficult task. It takes lots of patience and efforts to be a consistently profitable trader. Also one needs to define what consistency means for him.

Sometimes it is brokers but most of the times the reason for loss is the trader himself. If a system works on demo and does not work on real account then there is something wrong with the broker and not the trader. Try a different broker and see if that works or not.

I think there is no answer to that question. In my opinion when one has got enough from a trade then it is the time to exit. Also one should remember that their targets won't be filled all the time so they should stay prepared for that as well.

Very good suggestions. Beginners will ignore this as history suggests. Taking things seriously is not something that beginners look for. They try to get hot stuff and burn their hands.

There are lots of resources to get confused. In the forex market there are millions of traders with different size of capital. They have differences in opinions. So when you are trying to learn from tutorials then it can get confusing. Have you discovered what type of trading suits you? What...

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Normally an EA behaves exactly it is told to. But the market conditions change and price moves differently. So it does not work in the long run.

While it is not completely true but I agree with it. There are lots of tweaks to be made for a robot to work. And after market conditions changes the robot behaves differently. In the long run a robot is not good in my opinion.

It is not a necessity for a trader to have an EA. It is a choice. There are many manual traders out there who are trading manually. I am also one of them.

I am not familiar with the session ending gap. Did you mean monday opening gap?

Meta trader 4 is the easiest software to get a grasp with. Try it and see for yourself.

News trading is good. But the high frequency traders screwed this process. They have the resources and necessary tool to take the trade at the right time.

Well I agree that forex can be a wonderful business if done properly. One needs to put lots of effort to make profit cnsistently. It is not easy to develop a good trading plan which works well in the long run.

I never support EA trading. It is just me. I don't trust a piece of code to trade in all those random movements. If one can not trade by himself then better take a step back and learn to trade in the market. And then come back to trading.

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