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I don't see any correlation between those. Small profit in the end still profit and it will be like that which is better than either big or small loss. I will accept it and i advise to all traders to accept that kind of profit, as it will add up your total profit in matters of week especially if that happens multiple times.

They will learn from that? Of course it is depend. Not all traders will lean even they get daily profit and in fact daily profit sometimes makes some traders arrogant and don't trade based on a strict risk management thinking that they can easily get profit with huge lots.

In long term i think that most of us will face the situation where we should let the trading go or the time where we try to pursue more profits. In this case, risk management is pretty much important where it brings us more chance to grab the profit or at least to reduce the risk, so we all would complaint less about forex.

Trailing stop as the part of foreign exchange risk management so i think we should actively applied that thing into our risk management system. The effectiveness of this feature has been proven, but i don't recommend it for trader who can't accept small pips profit. If you still appreciate profit no matter how small it is, then you can use Trailing Stops.

Better to be realistic about our expectation, unrealistic one like a thousand profits in one night just only destroy our account faster than what we imagine. Bad thing which we could expect with that kind of traits that we will disappointed with the market easily and maybe leave forex or even worse brand forex as scammy business.

It is in fact a lot of traders can make profit too. Everyone can experience both at the same day. PROs or NOOBs are both just the statuses, every single trader will lose at least once in their career. What makes them different is their attitude to the losses, PROs tend to see the reason behind lose and fix it but NOOBs are not.

And by learning that you can lower the risk of being a gambler, usually a trader become gambler because he/she successfully convinces his/her mind that forex is gambling and perhaps is the more advanced form of gambling where it is use modern system while all traders are speculating inside the market.

Yes, they intentionally lose their trading in order to accelerate their account's demise. It is not a bad idea especially if you ready to start a fresh new account with fresh capital too. In the end about this thread i think that all traders around the world still prefer positive slippage over negative slippage.

Greed? Elaborate please. Greed is destructive and i think that when we want to have better income from forex it doesn't mean we are simply become a greedy trader, and i think by understanding the nature of foreign exchange we can trade with less greediness and understand that to be a successful trader, there is no shortcut.

So it is better if a trader try to control their emotions instead let the emotions to overwhelm their trading. Mixing between those two often make a simple trading as a loss trading and in the long term the effect is margin call. So it is true that all traders should try as the best as they don't to mix emotions with forex.

Well this is why i think twice when i want to use isntaforex and the similar broker, to me they looks like a bucketshop broker which has bigger chance to play with trader's money rather than to be successful together like typical well regulated and non dealing desk broker. The pain with instaforex should be a lesson to all newcomers in forex.

Talking bout trying theirselves, i think each broker have their own demo account, right? Why don't they spend their time there and start to trade with near unlimited capital on demo account. It will answer theirselves, but the common thing that i see from successful traders or someone who content with forex that they are always manage the risk no matter how big that is.

I couldn't agree more with you, relying on bonus isn't a good idea but if there is a nice offer for it then i would grab it for sure. The success of a forex trader is not from how much bonus he or she would get but how good they are when manage the risk and how accurate the analysis they made.

FF has small fraction of delay of the news result if you want the fastest one you must use CNBC or Reuters which is faster than ever, because FF or DF also depend on that news cable to put their data on their calendar. I think what Thread Starter here means as watching rather than listen. By the way i also use FF, DF, and FXstreet.

First of all what we should planted in our own mind that we trade because we want the profit, no matter how big or small we should just reap it. It is better to win small rather than to lose small amount of pips. The rule is simple, but it seems that there are some kind of people who just accepted big profit as the TRUE profit. As long as my weekly or monthly account still positive, it is okay to me.

Bust most of the traders prefer major pair such as EURUSD, GBPUSD, USDJPY, or USDCHF. The more that pair has liquidity the more traders love it. Well not all traders since we still able to see the trader trade with some exotic currencies, and modern forex also doesn't limited to currency, we can trade some commodities which in past perceived as currency such as XAU or XAG.

That is human's nature and try to trade without emotions means we either trade without motivation or trade like robot. But i am sure it is very difficult to emulate robot for 100%. That is what all traders are trying to do in forex, forget about instinct or guts, to me the reasonable way is by trade with our emotion still under control.

It is humane to be fear especially after hit MC, but do not falter. The psychology of forex is quite similar to the daily psychology. In fact behind the anonymous market we know that there are humans who trade manually, open a position and close a position. Minimize doubts can be done not by accurate analysis but by experience and our own willpower. Sounds cheesy but that is what i feel.

Since we must know the benefit of forex that is why it is important to know what kind of thing we will get when we make a successful trading in forex. Learning is better in demo no matter what, i take from all aspects it seems that more aspects which overwhelm trade in real account which primarily for solely earn profit.

And since that is not centralized, forex has bigger liquidity and compared to stock exchange the amount of turnover is bigger. Forex is the whole world while Stock is just for one country. The liquidity is important because without that you won't see any spot trading or near instant buy and sell act in the market, especially if that is low enough.

Of course it is a real main thing, the core of all trading activity in forex comes actually from real account. In real trading, if you make profit you can take it for yourselves and that's for the risk too. Demo is more useful for someone who just started the business.

In binary there is a concept of when you trade you will restraint by the time, like predict in 5 minutes later the price will rise or fall to around certain level. It is risky because it is very hard to predict that in that certain time the price will rise or to fall. For me forex is making more sense and more reliable in terms of risk management.

@elyas I think that is about experience, usually an experienced trader will be able to trade better and have better understanding about foreign exchange. What makes us different from veterans that they have lots of experience and know how to deal with most of the situation in forex and even they lose they will be able to recover once more.

This is because many people from foreign exchange's side advertise forex like that, if you see many advertisement about forex it will be about economic freedom and so on. Well technically that is half right. Forex is still as risky as other business but treat it to gambling is another story and may ruin somebody's career in long term.

Well, the possibility for you to make steady income from forex exist. You can technically earn money from this business every month and pay your bills. The problem is to reach a comfortable earning you need set of skills to manage the risk and to predict the trend accurately(at least 70% true), and big amount of capital like $1000 or it is better around $10000