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Basically, the real definition of Forex lies in the fact that it is the buying and selling of major foreign currencies. Most other conotative meaning some have given it depends upon the complex nature of it.

Learning from people's mistakes is really a good way to excel in Forex, ome would ask what the reason has been that even when some should have learnt lessons from others, they still fall victim of those errors. This is because of that believe people have that others failed because they chose to...

Then it comes down to the fact that adequate and comprehensive research is always necessary before one could embark on any journey of choosing a broker. Not that trusted brokers don't turn scam but there are minimal tendencies.

I even know some who are not so new in Forex and yet, find it difficult to use. The bottom line is, Robots can be a good way to ease the load of trading but it is mainly ideal for the experienced.

That which makes it easier somewhat is the fact that we are now able to learn from many sources with the help of the internet. Also, the free part of it is seen manifest in the fact that we can start up with bonuses from Brokers.

Yes, though the word perfection is a word far from reality, I think the thread starter meant a good trader. Well, I think that even the general saying that practice makes perfect has a role to play here. One of the ways to attain that feat is by constant learning, practicing and trading.

The reason you are considering using EAs a lot is because, most probably, you have been in the business of trading for quite some time and can easily manage Robots. To a new trader, Robot is just a very fragile software.

I have seen a couple of them that do not take it as anything. They trade in Demi as if they are forced to do so. Their major aim is to start up with the real account so they can start earning quickly.

In my neighborhood, there is this believe virtually everyone has and that is; if you have the money, you can trade Forex and if you are trading, you are automatically rich.

You know why some would prefer spreading it across brokers is mainly because of the fear of one broker turning scam even when the chances are minimal.

And a vast majority of those that fail and eventually regret their coming to Forex are those that grew that anxiety and curiosity.

I wonder what a poor man who has no knowledge about Forex would be doing in Forex forums offering posting bonuses because it would be a sheer waste of time since he cannot learn that which will enable him trade from forums.

Actually sometimes I laugh over small losses but something happened to me one day that I lost some considerable amount, it was a fault of mine anyway because the market was highly volatile but I decided to take chances but lost thereafter. For up to three days, I couldn't concentrate. Each time...

In Forex, we know that no matter how interesting we make it sound, losses are inevitable. Even the experts at some point in time lose but it doesn't take away their status. On the other hand, certain traders feel very moody and sober each time they experience losses (especially if they lose...

That reminds me of an advice a friend who was once addicted to Forex always gives. He said that the major reason he lost so much in Forex was that he kept trading and believing a better trade each time he loses, and at the end of the day, he ends up losing more.

I think any trader will always know the level of knowledge he has before attempting to trade in a real account. That said, one can also start with a cent account instead of the real dollar account to try his knowledge first.

We also discover that certain times, mistakes are almost inevitable in Forex. Those are really the part of learning which we cannot avoid. There are ones we call mistakes but which I think is something we wouldn't have found easy controlling.

Because Forex is that which requires a lot of patience and perseverance, it can't be an easy way to earn for a new comer. However, whomever that persistently stand through the tick and thin of learning will definitely earn thereafter.

Setting a target of between 2-3 months is very realistic for a newbie who is serious to have learnt that which he needs to in a Demo account. Some learn it within that range, others spend much more time in it.

Operating and staying with one credible broker is not a bad idea even when some advocate for a spread in investments. However, if one has the capital to go around, then it wouldn't be bad either to spread them across.