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I do agree with you, surely we need to choose the best one for us and this actually through trial and error but not everyone has that luxury. If you see from the outer perspective, Forex have more traits to help traders with small capital to start making money in forex rather than through stock which we know need bigger capital.

Trade every day is not a good option for all of us beside we also feel fatigue if we trade like every day with fewer stops. As for the management plan that wouldn't affect a lot of traders who trade every day, I mean their management wouldn't change at all because this is more to a long term strategy for them. Anyways, unless you have a good stamina and less boring with forex also able to bear more losses trade every day is fine.

Lots of platform for trading, well not that much but you got alternative and not just that Metaquotes' agnostic platform, MetaTrader. Ctrader is a good concept of STP based platform, but it is quite slow even i must admit that the programming language is pretty good and powerful but why people don't want to convert it.

I beg to differ here.Technical analysis still relevant in forex, since human's psychological that, moves the market and technical analysis helps us to see this pattern which we may put into the real trading. Fundamental is good but when a trader combined it with technical analysis mostly the result would be good.

A real trader will trade not based on his/her guts but try to utilize all the indicator as optimized as possible he/she can. That kind of trader doesn't have any feeling towards him or her trading but instead try to take the neutral decision which wards the trader off from unnecessary losses.

Hm, i think it seems that futures contracts seems a good idea as the alternative for foreign exchange, or maybe an investment in real things such as real Gold Bar or other precious metal such as Silver is an interesting thing to try. You can try to get an offline job which may be brought more income for you.

That is the kind of mentality we need, it is not the typical quitter. Forex is a tough business so it needs somebody who can trade better and able to make the profit too. If you are strong enough I'm sure you wouldn't lose much and your confidence will stay intact.

I don't know what you are talking about here dude. But the foreign exchange course which offered on the public university is a good deal as long as that covers the basic and some intermediate tips or tricks. If you don't have any objections this could be a good course as for your beginning. :Lastly, there should be practice and not just the theory.

Stop Loss hunting is surely an illegal activity did by a broker, moreover regulation is playing such an important thing here. Stop Loss hunting rarely happened or near zero accident in a broker which has strong, strict, and harsh regulator. Mainly bucket shop broker which do something like this because if we win that would be the loss for them.

Sure that forex has bigger advantages than some businesses i've ever know like its flexibility or how big the forex market is, and this is one of the main point which why there are a lot of people including me that still love foreign exchange despite of its high risk and willing to take the risk for the sake of getting bigger return.

STP will depend on the liquidity provider they subscribed, they even subscribed to market maker but still, the majority of the liquidity provider they subscribed is to the big liquidity provider or broker which act as one. Floating is good for the calmer situation since the spread is low but fixed is good for news, i know that fixed is riskier but it is worthed especially if you know how to "play" with Dealing Desk.

Well it is up to the trader's style but for me this feature is important and save me a lot of time also i can trade without any kind of emotions involved, the position closed so fast which is why i think overall Take profit is pretty good feature that all traders should try first, if not in real account then in demo account.

It seems you are quite wrong there. Luck is existed no matter you like it or not, But this is not what controls your career in forex. The main thing in forex of course skill, but to get a good skill a trader must have lots of flying hours and a lot of experience. Education is good but only as an introduction to foreign exchange.

The binary concept is fine, but if you just trade like put SL and TP after opened a position then it wouldn't be different than forex trading, the safety is just the same. Risk management is important for both and makes sure that you can afford what you can lose because both use the same market.

I couldn't agree more, as the time goes one a good or different trader than the rest will learn from their own experience and other's experience. In this case, I prefer to say that they are the one who want to learn and the one who want to change into a better state and able to perform better later.

Against dealing desk which acts as the market you also need to be careful, even the legal one still a big problem if you failed to manage the risk. Remember in dealing desk, there are Artificial quotes. It is public secret and anybody with prior knowledge about forex know about this issue. Most scalpers love it because of its fixed spread.

I think it's okay to do that, the reason is because no one forbids. Sounds cheesy? Yes, it is. But what I really want to say here it is not a big deal if there are related courses about forex offered in universities, it is all about economy so professors or lecturers could include that into the economy's courses, right?

Forex will always be popular given that forex itself as the business which quite tempting than any other businesses. In addition, forex also has a very low entry barrier, even on some brokers including " the bucket shop one" the minimum deposit is as low as $ 10. So this is the key to modern forex success that is very useful to attract more newbies.

Money factory? This is not healthy thought if you met with someone who thinks forex like that then you shouldn't hear him/her, even I must admit forex is a big market with lots of chances for traders to make money even later with bigger capabilities to choose bigger lot size you may win big but still it is not a factory for your money.

Strong and reliable mental capabilities, it is not the place for weak because of once you lose you need to get up once again and trade. No time to stop and waiting for something you don't need to. If somebody doesn't have strong mental capabilities to handle forex they will easily quitting and stop to trade just because one or two losses.

MQL5 are specialized languages developed specifically for MetaTrader 5 platforms. Clearly, it is a specific tool for automated trading where it becomes the main section. It similar to C++ to the certain extent and it seems that MQL5 has around 18 styles of drawing indicators. So overall good for creating EA.

Another issue which some people claim they had. This problem happened not just in dealing desk but also in non-dealing desk broker too. To be honest, when broker practicing something like this, it is a great signal that the broker doesn't have any good intention to offer brokerage service to traders, be aware of them.

The best alternative to foreign exchange which is totally feasible and considered to be legal is Stock, or if you want to "play" with contracts maybe you still can choose the sub-forex which called forwards. If you love offline kind of investment there are a lot of ways to become some kind of angel investors to a product which you think is having good future.

Technical and Fundamental analysis both has its own advantages and disadvantages. Both also have its own fanatics, which claim that either fundamental or technical is the best analysis ever. You seem to forget to mention there is Sentimental analysis which also another type of analysis which traders could try to blend but for me Technical and Fundamental complement each other

MetaTrader 5 according to my view seems to be stagnant right now, it is not like what I want and predicted. MT4 keeps evolving even its MQL4 now offered an object oriented programming paradigm which makes it as equal as MQL5 which MT5 has. Also based on the percentage, MT4 still used by lots of traders and brokers around the world for forex.