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Of course, bucket-shop made for a scam purpose. Stop Loss hunting is not ethical and also legal in most countries. Stop Loss is a pretty great feature but in this case, it is misused nowadays and from the broker like this one. In future, it will be better to be careful because many brokers may do it quietly.

Practicing here is pretty much important. Of course, by focusing yourselves on foreign exchange practice in universities people will have chance to be a better trader, but what i imagine that there will be so intermediate economic knowledge which we can apply to our fx practice.

Success in forex means that you must earn a certain amount of pips per week or month and that must be done regularly. Minimizing the risk is possible in foreign exchange it can be done by having a strict risk management. I am sure if you have both you can survive in forex.

Long term trader like who apply swing strategy doesn't have much problem with spread fees, the one who usually either complain or carefully counted it into their risk management system are scalpers. Scalpers with small profit target surely need to lower the fees as much as possible because if not their profit will be eaten by the spread.

When a trader in rush to make the profit it means they are either under greediness or fear. I think you should suppress both of these feelings to be able to make a consistent profit. Consistency in forex is pretty hard, even for veteran traders but once again this is not impossible to achieve, just need more patience from the traders.

This locking feature is pretty good feature for me, Trailing Stop is one of the way for trader to lower the risk because of their greediness, sometimes for trader who utilizes take profit will use this case as the backup since the market is not really certain in some cases then use trailing stop will help us and it is proven to me in many cases.

If you have big capital then the bonus is not a big problem, too low for someoene who invest in small amount only like $100 or $500. If you invest like $7000 or $10000, the bonus or without bonus everything will be the same. As long as you can make a benefit from trading, no matter how small that would be still profitable.

In forex that is risky but I wonder what do you mean by here is risk-free. As far as I know, the only part of foreign exchange which risk-free is only the demo account since that is just another virtual account with no impact at all. Overall forex is a risky business, so good approaches are needed to survive.

True, I know demo contest for some traders seems like a less worthy contest but even if you didn't get any prize you still obtain experience which is a good idea. It will help you to improve yourself, to make you a better trader, and the lucky one if you able to obtain the prize too. Overall, the demo contest is for learning and fun even it has its own competitive side.

I quite disagree with you even I must admit that it is back to the trader once again, the regulator especially a strict, well-known, and reliable plus trustworthy regulator will lowering the chance because to be under regulatory you must pay a lot of fees and it is residual payment, not a one-time payment. So if they are trying to do something wrong, they will face double punishment. First, they lose the fee money and they will get a fine from the regulator and must pay their clients who lose their money because of their acts.

First of all, i want to address the issue here that forex is not binary, Binary use forex market or even stock market. Binary in its truest sense is to predict whether the price will rise or fall and bet for it. If you see it from over all of its performance, binary more like forex. Like you predict the price will fall and rise by buying or sell the currency. It is like using trapping strategy in forex.

I know it, but people can easily treat it as gambling, you just need to make a random analysis, use your own guts that a price will drop or rise and viola! Forex gambling what you did. Even you can treat forex as business it doesn't mean that anyone will treat it as business as easy as you do especially for clueless traders.

Yes, you are right the core concept which makes gambling different it just a guess, it doesn't have any calculative movement, all based on pure luck. It is the real gambling. Forex, on the other hand, is different than gambling, it is a calculative business but still, if you want to treat it as gambling, it is possible to do that.

Nice explanation, this is also the reason why people prefer to trade in high liquidity currency. Also if your broker is the provider of the market liquidity usually they have ECN service. Higher liquidity provides traders from around the world more access to the interbank and even have better matches for the position they opened.

That common advice is well-known to most of the people who invest in high-risk investments or businesses such as Stock or Foreign Exchange. The other thing that I want to add here is that diversification at the right time and also be realistic with your long term goals. Some people have the unrealistic goal and you know the ending is not that really good with most of them reached Margin Call.

The same strategy that I am using right now for all of my tradings since my profit loss ratio is around 2:1 then it means that my take profit should be double from what I can afford to lose. In this case, I am ready to lose as much as 40 pips then the profit which I should get is around 60 pips or even more if possible.

I agree with you and why we should rely ourselves on something like luck, it is an unreliable aspect. So rather than focusing on that luck, we should focus on education and experience. Why? It is important on your first day as trader and in later stage as you gain more money to protect your capital and to become more successful trader

Sure who doesn't love major pairs but there is Sydney session, for example, it is good for AUDUSD pair. Remember how AUD Cash rate change the trend?, also on Tokyo session, the JPY based news will make a great effect to the USDJPY as long as that's high impact news.

So the only reason is that? Well, there is one important note to make, an exotic currency pair could move hundred or even thousand pips and then stop. Why? Because only a small number of banks trade these exotics, so once a move starts, it continues and rumbles next. That big volatility is not really like what you can see in major pairs.

I am not drunk and maybe you misunderstood my post above, small losses here means that the loss we suffer and why is that? Because you need a few losses in order to be a better trader, imagine a trader who is totally perfect and never loses their money? That's impossible. By the way, profit is profit and just accept it, and it seems we are the same in this case.

As far as i know, it is only dukascopy that use Jforex platform because of its java closeness i mean its API which actually built from Java, give them more power to making powerful platform to directly access the interbank market without much hassle. I tried several times, in demo account but it is quite heavy for old laptop.

Dealing desk is pretty bad itself but after few researches, just a few of them who are well regulated and also it seems they are doing this for the sake of their survivability. The manipulation in dealing desk market is well known, you will lose your money instantly and as we know DD is the market maker, so they are the one who can control it.

Okay, i must admit that we can trade with emotions which still under our control. However, to achieve that kind of state is the matter of time and actually cost us more, usually, we learn how to control emotions by experience, and it means we must lose some of our capital first and for some traders, this is really bad news especially with the small capital retail traders

Hm, after i read it i have thought about it but I think that we should enjoy trading in forex so we could focus more, but treat it just like a game? I don't think so. Business is business and game is game. Could forex be fun? Yes it is but when we need to deal it seriously we should do that and forget that forex is not a game, but a risky business where you "gamble" your money.

This is why many people from around the world want to trade in forex because it has the biggest turnover and flexible trading hours. It is up to us to choose if we trade during volatile market or calm market. You can use scalping or long term investment. You can choose how much money you want to trade. Overall forex as living is hard but also interesting enough to entice risk taker around the world.