No doubt on it; here more than 95% Forex traders are losing their money! But, nothing is impossible for the human! For being a successful Forex trader, we have to learn technical and fundamental analysis with the details! Besides, a specific trading strategy is also important.
Well done! It’s a good analysis! By the way, I want to ask you one question! As I see, your all of analysis is based on only technical tools! So, what’s your opinion about fundamental analysis? Do you use it in your trading, or not?
As a scalper, I like to trade in volatile sessions! Even, in my trading chart I use mainly volatile trading instruments like GBP/JPY, Gold & silver! The main advantage of using volatile trading instrument is, it produces the result as quicker s possible.
Unfortunately, I have very bad experience with this automatic trading site! I lost my capital for 3 times when I tried to use their automatic trading service! By the way, now I trade manually and I think, manual trading is much reliable.
Yes, you are right! By the way, I think traders need to invest their real money when they are very sure about their trading strategy and system! Don’t invest your money only based on short-period of time performances of your trading strategy.
That’s really true, there is nothing like perfect analysis in Forex, means no guarantee there! As a result, traders need to use stop loss trading tool thus they can avoid any unexpected result.
So true, without proper trading knowledge and experience success is quite impossible here! Besides, it’s very easy to lose money here! I have seen, so many traders already lose their full balance since they tried with the wrong way.
If you wanna spend a secure trading life then of course, you have to stay with a regulated Forex broker! Only regulated Forex brokers are able to provide best trading environment and enough security! Besides, non regulated Forex brokers are always risky, they are the market maker.
That’s very common! A number of new Forex traders start their trading career with a loss! Same here, I also crashed my 1st trading capital within the 1st week of my trading! By the way, learning is a long time process, till now I am learning and improving my trading skill.
I think, Options trading is much dangerous than Forex! In Forex, we can use long time trading styles, so many options are there! But, options trading is too quick! By the way, what’s your money management policy on Options trading?
I gauss, he is talking about the dollar index! By the way, there have so many popular USD cross currencies here! In addition, I have seen many traders are doing their live trading based on currency correlation strategy.
This is why, traders need to trade with the regulated Forex Brokers! Because, only regulated Forex brokers are secure! On the other hand, non-regulated Forex brokers are risky! They kill traders profit, it’s an online profession so, security is a big issue here.
Actually, there is nothing like 100% in Forex! That’s way, discipline is important here! We should control our emotions after losing our trades position, pro traders only focus on their process rather than result.
Yes, Forex market is open for the part-timer! But according to my personal trading experience, part time trading is so challenging, since good entry points are not available here and there! I see, maximum pro traders are the full time trader.
Yes, that’s the right way! We have to overcome all of the problems here by hard work and determination! Trading is a challenging profession and we have to set our trading plan according to our previous performances.
Actually, traders need to select trading leverage feature according to their trading strategy and plan; otherwise, it would be costly! Without following money management rules trading is always risky.
Agree with you, really a specific trading strategy is very much important parameter here! In addition, I have made my trading strategy by using 4 default trading indicator! Besides, I also consider fundamental events, till now I am updating my trading skill on news analysis.
Yes, it’s a buy trend no doubt about it! But, this point is not much interesting point to me! I want to buy this trading pair with more low price! Besides, now few intraday sellers are active here! Let’s see.
That’s really true, a number of Forex traders are unable to make money! By the way, I see many traders are making enough number of money by using others way like IB program! Actually, Forex is the number one online profession and there have so many ways of money making.