If you are comfortable with Mt5, no problem actually! But, for me, Mt4 is quite enough! I am a news trader mainly and I get enough technical support from Mt4. No objection at all.
Yes, Forex market is open for 24 hours, but that doesn’t mean good entry points are available here and there! Only pro traders now, how much it takes the time to make! By the way, sometimes maybe you’ll get multiple good entry points, but the end of it’s a challenging profession!
Why you are interested in signal service when you can learn Forex? Use this Educational Forum properly! You’ll get so many useful threads on technical and fundamental analysis.
1st of all, traders need to use transparent Forex brokers because of their capital security! On the other hand, latest trading facility & features are also an important parameter for good trading.
But I think scalping is the most useful trading style for the new Forex trader! Because, new traders are unable to stay here with a trade position! So, they are not appropriate for long time trading.
You have added here almost all of major currency pair! But, I seem a pro traders ca trade in everywhere, even they are comfortable with exotic trading pairs! Such as, I use CFDs, and Indices quite comfortably.
News trading doesn’t mean only data based trading; you need to understand the actual meaning of news events if you wanna make average money from high voltage news session! That’s way, a number of successful traders have a long time trading experience.
I have seen, there have so many free signal services are available in online! But I have enough doubt on their quality! Because, when I was a new trader then I used so many paid service but no good result I found! Mainly gamblers search for shortcut way I mean trading signal service!
Please don’t set your goal so blindly! If you get a regular income only then you can rely on trading profession otherwise not! I seem, new traders should start their trading career as a part time Forex trader for learning and making their good trading skill first.
Well, if you are facing consistent SL in your trading that means, you need to improve yourself! Don’t lose your hope, because all of low skilled Forex traders have similar losing experience! So, lose is a opportunity of learning!
Nice to know your success story! Hope, now you are making enough money here! By the way, I like your idea on small investment! Exactly, now traders need to start their live trading with a small trading capital for judging their trading skill.
Well, if you are a good Forex trader, then you have so many opportunities! You can manage others trading account; even you can open an online Forex School! Generally, Forex traders make additional income from IB.
If you are making high profit regularly, then no problem actually! But, if you are irregular and trying to make huge profit without logic, then you need to change your plan! For new traders small profit is much useful, they have to understand first their own strength.
No, you can’t take any decision based on others! For being a successful Forex trader, you have to make your trading plan first, then execute it according to your plan! By the way, I seem new traders need to use low trading leverage, because high leverage always inspires to take high risks.
That’s the reality! No one can make here 100% profit! In Forex, making profit is very easy job but consistency is the key point! Only good skilled Forex traders can make money with regularly! Now I don’t mind after facing SL, since I use money management rules in my trading.
For me, only technical analysis is important since I do my trading only based on technical languages of market! Yes, I know news analysis is also important here and I have a future plan with fundamental for improving my trading accuracy.
Yes now I am! But, 2 years ago the scenario was totally different! I struggled a lot as like others newbie! Because, I also came from with zero trading background! At the moment, I am trading with 15% monthly target, that is quite enough for me.
If they are patience enough and determine as well, then no problem actually! The problem is, maximum retail traders are hurry! They want quick success! And absolutely that is quite impossible to make! Personally I know few success stories they also started with zero level!
I seem satisfaction depends on your expectation! Such as, right now I’m making 5-7% monthly profit, but I am happy on it! Basically, I have a decent trading equity, that’s way it’s percentage is quite enough for me.