Ghost

And for those who are decrying the absence of LR as a preferred payment processor on JKKE can go on to this thread- http://www.jkke.com/showthread.php/20432-Accepting-LIBERTY-RESERVE-at-JKKE - and make their votes. The Admin has placed a condition for the votes to be considered, and there is a time limit too.

It is puzzling to me. And when i just thought, yup maybe LOT is getting back on its feet, activity is getting better, then this: I was speechless when i saw it, because this was the talk all over the PTP industry at a point, and if they go down i wonder how many other ptp forums would go down with them. The question now is, are the pending requests before the closure going to be paid?

Robots in generally do not fancy me, especially because of the stories i hear about how they make profits for a short period and then make huge losses afterwards. Free robots are okay, but be very wary of the word 'Free'. And if it sounds too good to be true, it probably is.

Getting free money for forex trading usually comes in the nature of bonuses for participating in contests, or posting in forums. This free money usually comes with impinging restrictions which are understandable from a business perspective. However, it is really hard to amass a bountiful amount of free money.

I do not think that they are meant to be compared as rivals, each jostling to occupy top spot. This is a wrong manner of approach. we should see them asmutually exclusive in this case and serve different purposes for traders of different levels. Hence the need to be able to get ahead of the arguments and into reality.

It i not possible to lose more than the fund one deposits no matter how hard you try. Except one wants to separate bonuses as not being part of funds deposited. This scenario does not stand to reason, and it is even hilarious. One thing though is to no be scared of the likelihood of losing all your money, rather it would be better to set your eyes on the expected profits and work hard for it.

Knowing when to trade is very essential in trading, as it is the real reason for doing a lot of reading and practising for in demo account. It is not an easy business at the beginning, but with time, it becomes easier as a trading strategy would have already been formed and mastered and used to evaluate opportunities and know which should be taken advantage of.

It is very important to understand the degree of risk in forex and work on your trading skills, bearing them in mind. The risk is always thee and never constant. The threshold for risks is basically unlimited, but individual thresholds controls the market's appetite. Learning to use this to your favour, requires that one understands the principles of Risk management in Forex.

Making profits from Forex is not exactly the easiest thing to do. It gets harder when the realization dawns about how it is inevitable to have losses that would upsets these hard-earned profits leading to the use of the term net-profits to imply forex profiting. One should be able to make more profits than losses, and this is made possible by working hard on your trading abilities.

Traders fail for a lot of reasons, and though the main causes are emotions and lack of discipline, that are many others that are annoying. Like for example, some traders fail because they assume that predicting in Forex is guess work, and make it turn into a game of gambling. Then there are those who choose to trade directly on the live account without even using the demo account after doing a little reading.

Time and again, i have read of the need to be more watchful to trade than to just take every opportunity that presents itself. A trader friend of mine told me his trading for this month has been doing fine. My next question of "how many trades he had open as at the time of my asking", and he replied that he had made only 2 trades in this month and was making good profits on both. I think that is the lion attribute.

A trading plan is very important to make systematic approaches to achieve your set goals. The truth is that everyone have got goals, but only a few have made plans to achieve the goals. And in Forex, this is a limiting factor to enjoying success. For example, a trader would have a goal to make X amount monthly, but does not outline how to achieve it.

It is important to understand the effect of psychology in Forex, because at different points in time, our psychology differs and influences our outputs that in turn influence the results we have. Psychology has to do with the state of mind, which is not primarily about emotions like is widely conceived but about how you reason at any point in time. Shaping it is very important as it would form a core part of your trading style.

Losses come and go in forex, so i learnt. And no matter how huge the loss is, it is possible to bounce back to profits if discipline is maintained and skills are improved on. It is also important to point out that many of these losses could have been avoidable. Like those that were caused by emotions, lack of discipline, poor trading skills.

The broker i use for my demo trading has been considerate to me, although i am still far from satisfied until i can confirm that the services in the real account[when i get to that stage] are the very similar to those of the demo account, especially the responsiveness.

There are those that are impressive with cross pairs, and minor pairs, but they are delicate pairs to trade. For the now, i am using the EUR/USD in my demo account, and i do not have any plans of adding another till i record good progress on this pair. USD pair are very popular, the volatility is a huge reason for widespread adoption.

Daily profit is possible. But it should not be looked at from one perspective, of making trades everyday and making profits or net profits from these opened trades everyday. daily profits are also possible when one makes long term trades that are open for days. It is possible that the days would end up profitable. Whichever way, one need to practise and know his/her onion to be able to make profits daily.

Right now, i am in my process of saving for trading. I also have the idea of making posts at bonus-giving forex forums to acquire bonus to trade. But in all, i hope to start trading with at least $100 and then invest more, if i maintain my profitability. As per the effects of the capital in trading, more capital would lead to profits that have more value.

Hyip monitors are more like rippers compared to the hyip investors, that is why there are so many of them that i have lost count. And then the unethical story of an admin of having up to 3 hyip monitors and receiving payments on all of them monitoring one site. But all this can not be compared with forex, because forex is the real deal. There is the usual saying that all hyips become scams, forex does not.

The period to use the demo account is not fixed, but for some reasons, i only get recommendations of between 3-6 months, which is okay from responses gotten. But there could be exceptions, and one really have to monitor progress in the usage of the demo account effectively, so as to know when to get into the real account. The demo account is still important after using the real account, hence it never becomes redundant.

Forex can be seen as gambling for a variety of reasons. The most important is because there is betting in Forex, which is also present in Gambling. The only difference that seems comprehensible is that in Forex, this betting should be done after careful deliberations, while in gambling, it is done haphazardly. Also there are those nonchalant traders that do trade forex like it is a game, and thus make it look like gambling.

I do not trade Forex just yet for a living, as i am still in the learning stage, but i read of how it is variable between traders of how long to spend trading forex in a day. The cause of this variety is referred to as the trading style. Thus, while some traders choose to trade for long hours at a time, others make long term orders and stay off, only checking periodically to monitor progress on those orders.

I think all three are important in trading. Although, i have the feeling that some would write off Luck and stick to just Education and Experience, i dare write that it is not reasonable to exclude luck from trading. It is not like one can develop luck or get more luck with practise or training like the other two, but having all three is very important for a trader.

It would be nice to see TCC get back to its feet, but it would require a great effort, that i do not think is worth it. I still have my fingers crossed and wait to see what Nick would do with this forum. If he is able to make it manageable, i would consider registering and picking up activity there. Till then, i would stay off, and monitor the forums activity, news and announcements.

Forex forums are important because of the earning potentials of the Foreign exchange market. But that is besides the point, as myfxpedia does not look like a ptp forum as at now, and although i have no plans to post or even register here till i am convinced that they are a paying ptp. I would be closely monitoring their progress from time to time.