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In demo account you can evaluate your trading, fix some mistakes through experiment before. Demo account also a good place for new traders to start trade and make sure that they will make it as their own experiment base before start to trade in real acount which is the place for earn.

LOL, google translate? Btw, the right place to invest with that money is up to us. Some people will prefer others, and vice versa. For my cousin it should be stock because he is a good stock trader but for me i am into forex, it is fast, it is easy to understand, it is high risk(with high rewards for sure) and i think i can handle it.

I don't get it you mean that there are some who are wealthy when they start forex? I mean they suddenly become rich in one turn?. If we back to the topic this is talking about the best time and thread starter shared it before, and i agree with most of it. Mostly traders decided to become a forex trader when they know that is worthy for them or when they need so called "economic independence".

I think that is fine, we want our capital to grow right? or our earning increased, right? Progress to the better is what we want here. That's why we should never satisfy but remember that never satisfy attitude should be coming with realistic expectation, slower growth is fine as long as that is stable enough for you.

But newcomers usually have small capital, i only see few which has bigger capital more than i ever imagine, but that kind of people usually not a newcomer in financial business, like stock trader who convert to a forex trader, so i think that is not really true when someone said that newbie will get more profit with long term trading since aside from skill, it needs bigger capital.

@radex78: Demo contest? Well i am not really fond of it right now, but that is a good thing for newcomers to see how good they are with the motivation. Usually the prize is real cash but i don't know if there is prize which turn into capital like that. Free bonuses is the only option which comes into my mind.

Yes, risky enough to make traders think twice before trade but in some cases most of those traders are blinded by the promise of foreign exchange will offer them hundred or even thousand dollars per week or month. We should know that the risk is high and trade with losses mean lesser risk which also means lower profit. The strategy i said before without any risk except human error has lower rate that most fx traders maybe got just in few round of trading but with way greater risk.

I think you should be satisfied, well not in long term but in short term. Gain small profit is enough and secure the profit is important so this is why satisfaction is here, so you can control your emotions , i already saw lots of traders who lose their profit just because want to get more profit without looking at the condition of the market.

You got the point there, that's make a sense since bigger capital means we can hold bigger floating loss position. I never thought something like that which actually a crucial part. I see that long term trader tend to be a big trader with 4 or 5 digits capital in their account, while short term trader around 3 digits to 4 digits.

Well that is the risk of joining something like that, who want to trust someone who had a bad track record as pamm manager? I don't know and i think that you also will think the same. Track record of that pamm manager is really important and one of the key for investor to choose a pamm manager. But what i said before is actually that is one of the way to earn without use your own capital.

I don't know the reason behind that, but maybe they want to limit our earning. But in my broker it is fine as long as you only have one account, with using the strategy which i said before you need 2 accounts on different brokers, by use different accounts you can rebalancing later, this is why i said you need big amount of money in case one of your account always or often making lose, so you can re-balancing it again with the other account which got the profit.

But that kind of mentality is exist, you will see alot of people want to be successful in relatively shorter time, i even think like that. "I will be an awesome trader in just few months later because i already trained in my demo account for 6 months each time there is a news". That was what i thought when i trade for the first time and guess what? MC and the second time i tried i don't get MC but my account halved and right now after everything is getting better i still find myself struggling even not as much as before. Forex is not for someone who want to rich sooner.

The only reliable way is to become a pamm manager, with your skill i think you can open an account. First you can show the investor your screenshot to prove that you are a good one, by the time goes on you will get more investors to invest in your pamm account. Pretty simple, huh? As to become signal provider i see that as jokes, mostly are rubbish.

There is actually strategy without losses, but the profit is relatively small. Also if you want to do this way you must have more than one broker account and bigger capital. Well you can trade with smaller capital but i don't recommend it because in a week you just like earn few cents, even with more than $5000 your earning will be like few dollars.

Talking about the strategy and how we define that then i must say long term is good in value not short term. I mean in short term trading you may earn something like 20 pips, if not 50 pips, or like 80 pips. But with long term trading the target is bigger, i remember many weekly traders shared their own profit screenshots few years ago, where their account profit was like 200 pips or 230 pips or something like that not less than hundred. But in sense of stability i still prefer short term, because we can cut the profit faster thus securing our profit, remember this is forex where it full of speculator and the market in some cases harder to predict.

After read those story, i think this is not the best time at all it is all about not giving up your career and it is just like typical motivation thread you may ever seen which of course encourage someone to keep trade in foreign exchange. Nice story, but you must tell the truth also that not all traders in this world able to make profit, some lose their money, some don't.

Why they do that? My first though is that policy and other rules from the broker usually so long and contain some words that some newbies don't know. That's just my own thought but i think there is small grain of truth there. If only the policy and other thing like terms and conditions is much simpler and easier to understand maybe they will do it.

One thing that i find different about this case is a trader with free money usually tend to spend their money carelessly, but the one with their own money which they take from their pocket tend to spend their capital in careful manner even a bit paranoid . To achieve success it doesn't matter where is the money coming from but how do you manage the money.

It is okay, i do agree since there is nothing wrong with it. People basically scared because of this world suprisingly is quite different than what media or other strategy seller told you. It is vast and unknown world. The world where everything could change so fast, you could make profit near instantly but may lose it few minutes later.

And if we can, and only if we can. In fact not all of us able to do something like that. As you said it requires high dedication and traders who forget this cases shouldn't trade. Why? In order to safe theirselves from theirselves. Confusing? Well maybe but as far as i know mostly newbie who don't put much dedication ended up because of their own bad skill, emotions, and lack of self-awareness of their current condition.

Gold still don't have much significant movement and the price "play around" at 1236.00 or a bit lower. There is possibility that Gold may tend to move flat on the range between 1232.00 and 1240.00. There is no dominant trend at the moment for Gold, even on daily time frame chart this commodity is the same, tend to be flat.

Silver also like Gold previously which is sideways, the price is keep moving around 17.920 at the lowest part while the highest part is 18.00. We can see the new trend if the candle able to out from this range and show the dominant sentiment. I also see other indicators mostly tend to be flat, so i recommend to wait until next session for the sideways phase end.

GBPCHF seems rejected by resistance level at 1.2640 also considering that RSI and Stochastic and MACD support this bearish sentiment then i think the price may fall deeper. The price right now is testing the key support at 1.2600, if able to break this key level, it is surely will fall deeper, i estimated around 1.2560 up to 1.2520

GBJPY finally fall after rejected by resistance level at 142.00 and break the support level at 141.60. Right now the price is moving significantly enough and right now is testing the support level at around 140.80. If the price able to break that support, then GBPJPY in this chart may fall down lower but if hold down by another sentiment, will rebound.

Sure agnostic one, right? The platform where you can use in the other place without thinking so much about the operating system you want to use. But this is not java based man. MT4 still the most popular for electronic or to exact internet based foreign exchange because it accepted a lot of 3rd party brokers and also even give them more control to this platform.