Search results

That is where trade by chance comes in. Because there has been some analysis (from both fundamental and technical) on a particular pair which eventually worked out. And you find out that the profits go beyond what you would have made. I think this is where people associate Forex with luck.

No, not that skills prevent losses as we know that even those we call the Forex pro experience losses but not as much as the average trader. However, you can agree with me that skills becomes the ultimate with a little bit of luck and I won't advice the unskilled to go for Robots and depend on...

Technology has even drawn Forex to the basics such that you can even trade with cents as a result of competitions among brokers online which is made manifest by internet. It has also made it possible for one to easily get, at a glance, from broker sites.

Most probably, one is able to minimize losses and protect his capital by initiating strategies that would him to do so and also, not highly expectant. A trader that opens a 0.01 lot size is not expecting much and at the same time is guaranteed it will cover losses subsequently.

I believe a lot in the idea of; gain the skills and the money will come. The concept of Forex is mainly to trade in major foreign currencies and make some profits out of it depending on how favourable the market is and how good you were able to analyze. Making huge profit is only profit when you...

And that is why we cannot predict how much we can earn in a day. I wish to come in where you said you lost the earnings due to a foolish order which goes a long way to state that our skills and experience matters a lot in Forex and not luck.

Quite sure, if you think of the competitions that go on among brokers with so many sponsoring Forex forums all in a bid to lure investors by providing them an avenue to interact, share ideas among themselves on better means of trading and at the same time, make some money they can use in...

You see, the profit might seem small but for the single fact that you had that courage to overcome your doubts, it brought you good and that is just the benefit of taking the bold step. Even if you had lost, the boldness you had taken would make you accept the losses in good faith and work on it...

It is worthy of note here that one of the other reasons some join Forex is the fact that its conveniences cannot be over-emphasized. That is a very good advantage that it has over some other businesses of international standard. You chose when to trade and how to trade without having a big...

One of the ways I choose as effective in choosing a broker is to run a review about any intended broker on line. That way you can always find their flaws and mistakes and those that are good as you can see people who are capable of writing extensively about a company's performance.

The possibility of becoming perfect in an imperfect world is logically unattainable. Yes, there are traders who gain more than they lose but they cannot be said to be perfect since they lose anyway. I think the best one can do is to keep on acquiring skills and learning always with the hope to...

Sure, it will go away if you work on it. Also, you find out that you are not getting as tensed as you were when you started newly. It is natural for us to be curious and anxious to know the outcome of any event where our investment goes and that is why it seems the tension in Forex cannot be...

What you didn't say is if you had to quit because of those losses. That not withstanding, in your case, you friend thought you how to order and most probably, you thought you may have arrived and needn't bother yourself a lot because it worked and that is where the thread starters question comes...

Let's purse a bit and think, is there even anything wrong in one combining the two since they are not related to each other in any way. A construction worker which is a physical job can easily indulge in Forex trading provided he posses the skills and so would an factory. The most important...

Well, I am glad I was finally convinced to start up Forex. If going by what I was told some time ago to join, maybe I would have gotten to the point where I can stand head tall and say I am a trader. I used to be one of those that never liked Forex due to its uncertain nature but coming into it...

I think relatively, Forex is a choice business which in most cases can be better than some other online businesses that fall under this category. Talking about the fact that you are doing an internationally known business with over 2.5 trillion Dollars traded daily and doing it from the comfort...

Sure and that is where the motivating factor comes in. You will even find out that some might get attracted to Forex based on other people's success stories and other will get encouraged simply because they hear people who have stayed far much longer duration than they themselves have spent and...

Yes because it has it's own connotation as well ranging from doubts, irrational decisions and lack of concentration. That is why I do not argue with those that say that no matter how we think that Forex is for everyone, that it can never be because of some other psychological factors.

I also think that those theories are the basis of learning before practicals com in because you can only practice what you know. Suffice it to say here that Forex is more of a practical venture than the explanations and since you can get the practical nature by practicing irrespective of who/how...

I have learnt not to argue about the way people run their own things. We all know that Demo account is just the best way to introduce one to practical trading. I have also heard a couple of traders say they prefer to trade in cents, not that they don't use Demo but that they want that feeling of...