Decub

Trading is not what we do at all times, the trader can as well trade when he feels he is assured of his analysis. It is not by how many hours we trade but by the effectiveness of our analysis. The better the analysis, the better the result that will spring up. Assuming that Forex brings success at all times is a wrong assumption.

What affects some newbies the more is that they are more concerned about analysis which had already been done by someone else. They care less on the way they can improve themselves by virtue of making their own analysis and this act gives rise to their own losses and make them lose even more.

The trader can spend a minimum of one month until the time he feels it is best for him to quit. Since you don't have to pay any money to trade in the Demo account, I think it is a place everyone would want to be not minding how long it takes. That makes it a place to be after all.

@tray, sure. Stop loss is one of the greatest tools that Forex presents. It is better to use it than to trade raw. However, sometimes, certain traders only find it difficult to make use of it for the fact that it is such a difficult thing to implement. Making use of the SL tool helps you safeguard your trade.

When trading, it is wise to always think back what the result would be if your plans fail. That is the hub of rising when you fall. There is no way the market must go the way we plan, rather, it favors us in some and we feel the rough end in others. That is why it is good to always plan our trades well and to make it a better haven for us.

With education you get the experience, luck must not come into play. It is a place where your knowledge rules and that which you know about Forex comes into play. It is absolutely wrong to present luck first because it will fail you. Better if you present the knowledge you have and match it with good risk management.

@stekin, well Forex grows with time and you might discover you will keep liking it the more as time goes on and might want to trade in it full time. For me, I mix Forex with other things and when it comes knocking to trade in it full time, then I wouldn't hesitate to do so. I wish to become a prosperous trader as well.

I still find it difficult to believe what honesty has got to do with Forex. I mean, I see no trader who is responsible to any trader and for you to make profit, it doesn't have anything to do with anyone directly. What I think is that Forex just requires you to know it and to know how to trade, period.

That's exactly the dream of all and everyone hopes to keep earning. We can just meet our financial goals trading in Forex provided we remain focused and committed to it. Making money in Forex though doesn't come easy but it also is a realistic thing to do and the trader can as well achieve that.

Of course, your knowledge is what makes you achieve those dreams you set out to have. Dreaming is only a target to riches or wealth. What makes them come to pass is when we are able to work towards achieving them which is gotten by virtue of our hard work. The action we take towards the realization of our dreams is what determines the success.

And that is why they always fall victim to it. Trading with robots isn't easy and wouldn't also give you easy profit. Rather, it will make you lose even further. There is really no gain to try it out especially if you know that you are just new in the business. Manual trading has proven to be the best for an average trader.

Forex also requires consistency. It is when a trader is consistent that he can understand the market better. Trading in Forex requires a good knowledge of it and a firm approach to it too. You don't really choose to make profit because every other person is making profit but it comes as a result of your own hard work.

Forex is the best thing that has happened to online system of earning. Traders now have the chance to earn and even earn huge just by participating in the business. You can make profit trading in Forex but that is possible only when there is knowledge. The more things that make Forex more attractive is the flexibility.

Yeah, that is one of the things about Forex and even though you can invest in HYIP with just $1, it is still not an option for me. HYIPs to me looks like a sheer scam just waiting for whom to devour while Forex on its own is a legit that you can make money from.

Concentration I not just important but it forms a very important part of any trade. It is a core requirement for success as well because a trader having some divided attention will only lead him to more and more losses than he anticipate. Forex is a business you have to give yourself at a time when you do.

Analysis is the main thing in Forex and even those who trade with the news analyze the news as well. I try is important for all traders to understand that Forex as a business also reflects from news releases and that is why it looks as though those traders who can analyze both fundamentally and technically understand the market more.

@tray, I tried to comprehend you but it was hard for me. And in worst market days when you couldn't make any pip and end up losing, what would your pip target be. In days when the market it trend was against and you couldn't hedge, what would you do, revenge a trade or something. Setting a pip target is good but meeting your pip target everyday is not always possible.

That's the best definition of it. In any business that is acclaimed hard, the best thing is also to work hard towards it in other to over comes it. Since Forex is already a hard one, it is also best to work hard if we must understand it and take advantage of it. That is what all traders really need to realize.

Well, even the highly liquid pairs can as well have their worst moments especially when the trader doesn't understand the market well. We trade with our analysis and when we analyze poorly for a particular pair, it become a very bad scenario for our trades. That is why it is always good to trade with the pairs well are conversant with in other to run away from things of such nature.

Honestly, there are times you would make some huge profit and it will make it look as though Forex is a money factory. I mean, you end up making that which you never thought of and with small capital which if compared with other businesses, wouldn't get you anywhere. But then, Forex isn't a money making machine.

Well, we can also see that it is in the middle of the risk that we are able to make profit from it. We can always make profit trading in Forex even though it is a risky business, you can as well earn so much from it and that is one of those things that Forex offers which makes it a whole lot unique as a business.

@waseem, sure, targets are good as they draw out a line for you to follow. If a trader is such that sets a good target for himself and also works towards realizing it, then he can always make a better trader out of it. It is about the preparation we lay for ourselves and the knowledge we present through for ourselves as well.

I think the TS might just want to know if there is a broker he can trust that's all. But if that is the case, there are quite a lot of them that can be trusted in the internet and what the trader has to do is to run a review of them. There are no perfect broker but only some trusted brokers.

Social network these days offer traders a lot of chances to get signals from signal providers. I even see one that is so popular on Facebook and which provides a platform for traders to deliberate on it. That is such a great way to share such info and the argumentative nature makes it that which is prone to criticism.

But sometimes I really wonder what the broker stands to gain by doing this or is it still one of those marketing strategies. Perhaps they are trying to make the trading environment a safe haven for their members in such a way that they wouldn't have so much to worry about when it comes to trading.