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Maybe? this is not maybe but this is actually the fact that foreign exchange is a big business with big turnover where traders get a lot of chances to make more money. But this is foreign exchange business is about is about profit and loss and since loss exists then the risk exists too. As long as you can make profit people will love it and still popular,

@radex 78: I especially agree with your statement, there is no fixed formula for this case. If you want to spend more then spend more, but it is better if you spend in quite long time. I still suggest that around 6-7 months are enough for newbies, but it would be better if you trade at least 3 times/days in a week during that period because the key is how much time you spend for trading, that's all.

Forex is neutral things, any "good" and "bad" money could come into this big market and blend inside. The money laundering is a bad act but it theoretically increases the turnover of foreign exchange and gives us more opportunity to see the movement of the price. Nothing we can do with this gangster issue, just be aware that they are exist and trade to "wash" their own money.

I prefer demo contest because that is one of the most encouraging ways for traders to trade and still can get their experience and more motivation to make pips. Demo contest also gives a sense of pride if we come out to be the number one and of course the price of winning a lot of money because the price is big enough.

Well, i disagree with the thread starter here because I think that forex is not that kind of art, i mean it is not that art like we all know. Forex is a business, it is a risky business not something like an artistic thing you can enjoy. In the end, forex is more like math or even statistic to me which depend on logic not creativity or even feelings.

Forex has some properties which similar to gambling but just few one. You won't survive in forex if you think this business like gambling where people only need luck. I am serious when it has some similarities with it such as speculation which also part of gambling, people trying to find the way to make the price rise and the rest is history.

Why do you want to support unpopular pairs? I think that popular pairs are more profitable than unpopular pairs, the rate of success is bigger with popular pairs rather than unpopular one, there are more indicators which support popular pairs, and so on. Just because you can be a market maker doesn't mean it is good to you.

Yes, the failure is coming from Metaquotes. According to me what they should prepare is not something like that instead of it should be a replacement for mt4 which still support mql4 for backward compatibility. That is what MT5 should be and not just try to provide something that pleasing CFTC.

Focusing on patience? Nope, it is okay to do that but I think the best thing to focus for now is a risk management. Focus in here means that you trying to find the best time to open a position and then closed it later or set the right SL to prevent bigger loss. As for scalping, i think that If your strategy is good enough you can lower the risk while still making the profit.

Never instant for sure, no deposit free bonus is a good idea for newbies maybe this feature is not good for big traders but for newbie it could be their first step to start earn more profit. So, in the end that is true that deposit free money/bonus could help someone to achieve success but this only applied to newbies.

Keep trading and keep training, that is the best way we can do for the sake of gaining consistency when making the profit. This consistency we are discussing here can be built through continuous trading, which means you need to keep trading over and over again to make sure this won't hinder you in future.

Of course, why do we need full controls of our trading when this quasi-automation as far as I know and so far works well? I just give a small portion of my control to the computer which in fact execute the price way faster to me even when I already turned the computer off and leave my platform to do other or to sleep on my bed. It works pretty neat and gives 99% satisfaction.

If there is a chance every day, I mean the real chance not some kind of shady chance to make profit. But that kind of chances for small retail traders who just followed the trend rarely happened, well that might be true for big company traders. In the end, it is the matter how big that chance to be true. If you can't don't push yourselves too hard by trade every day.

Short term is more interesting to almost newcomers in forex, it is easy to explain and easy to follow. The result is pretty much straightforward and fast, you can see the result in less than one day or in less than a week. When compared to long term trading which needs more weeks or even months, but it is good also to teach the long term trading, or if someone believes that is their favorite strategy can learn it from the start so they will be more comfortable in future.

What kind of rules is that? When you got the bonus then you must trade it and get the profit which you can withdraw, it is actually as simple as that. The brokers should offer a reasonable amount of bonus like 10% at most of the trader's total capital or 1% - 5% of total investment that made by a trader.

My 2 cents here that forex is not for everyone, and i agree with what thread starter said. Not for Children or even teenagers looking for pocket money. FX is a risky business, serious business, full with speculations or almost all of it are speculations, sometimes tricky, but hold big turnover which makes it totally lucrative business for anyone who wants to embrace the risk.

@myregister Maybe what do you mean that human isn't designed for multitasking job, right? Well, that is somewhat true but you forget that with use the strategy that you refer as carry trading before means that you will trade with more than one or multiple brokers and make sure there is no margin call happened between those two accounts.

Sure they won't play with them since i think that is one of the hella risky movement for them. But you will find some reasons why a broker doesn't want to accept scalping or treat it with so many rules which must be followed. You know when you make small but in high-frequency profit, they might try to investigate you.

If that you said about this issue i couldn't agree more considering that the risk in forex is big enough to deal with. Complaining as you said will lower as the time goes on because people become more reasonable than before. Also, it is worth to know that by taking the risk with a clear mind we can trade better also with more responsibility.

A trustworthy broker will think twice when they want to do that, the risk is big and if a trader finds out they can file a complaint to the regulator which usually brought this case to the public. So that trustworthy broker will lose prestige and some money to cover the loss.

About covering losses little profit probably won't cover for us, but the small loss is pretty much important for us. I would be gladly to accept this small profit for the sake of more stable profit in long term. It is better to be safe rather than worry when it comes to foreign exchange trading.

But I do wonder about that, I mean you keep talking about this and that but the implementation is not as easy as that, not to mention that binary is as risky as forex too, because all is about the speculation. In fact, binary use forex as their market which makes it similar to forex but with less feature forex has such as TP or SL.

It may be outdated but some people keep motivated by that strategy, they feel like that strategy will work for them even not all there are few which think forex as their money factory. For me personally, forex as money factory is a bit off. It is a risky business and with the right treatment, we should able to reduce the risk as much as we can.

Well, the discussion here is about accepting small profit, isn't it? So would you? Well not all would accept it but no matter how small that profit we get even just 1 pipette that still profit, right? The profit which could cover your loss. My few words of advice, accept the profit and rework with it so you can get the bigger profit.

It is true there are some who depend on forex alone, but it would be risky for them to do that. Well, I don't say that is simply impossible but very risky thing to do, based on the diversification it is better to have more than one income stream. We don't know what will happen later and this is just as a backup.