Decub

@sally, yes, bad timing is also a very important thing to all traders. If a trader doesn't approach the market at the right time, that might spell doom for him as it will make him make orders when not necessary. It is always better to analyze well and know the accurate timing or even time frame to use. That is based more on our strategies.

Discovering your own strategy is the best for you to start making profit from Forex. There is no way for a trader to make profit in the business except he himself knows how to. Since there are countless strategies, it is best that he learns on his own and also trade with the one that he can adapt to easily.

Forex is hard, no matter how easy we think it is because it is an unpredictable business. There is also no way the trader can just make profit from it out of the blues so patience is very important. Those that understand it very well and are able to make more profit than losses are those who devote their time to it.

Forex is meant for those with the knowledge to trade and not the knowledge to do other businesses. If it is Forex, then it is a business on its own with its own pattern of trade. A business man that deals in a different business will have to learn about Forex before trading in it if not, he wouldn't make profit from it.

The best way to get the best thing from intra day is by trading in major pairs. These pairs offer traders more chances of profit than the unpopular ones and it would offer lower spread as well especially for scalpers. But then, if the trader rarely understand the market well, better to go for swing.

I think so. Well, the bottom line is that it depends more on the trader and which he finds best because I know too well that a lot of traders trade in more than one broker. In this case, the one that matters more to him or which he places high would attract his vote more.

@kaito kid, I think that's a very good one. Confidence plays a great role in the life of every newbie. If he wants to earn from Forex and remain in it, then a lot of confidence has to come into play. More so, good money management and patience are also some good virtue to get that. Trading in the Demo is a good way to achieve these.

At the same time, the trader should as well see Forex as a place he can achieve what he wants to achieve but only with hard work. The underlying factor there is how hard the trader is ever willing to work in other to make profit from trading. There is never a trader who started warning from day one but they had to pass through a stage of learning.

Sure, it is real to earn here but I still think that there are a lot of them who are confused more about the earning and they tend to think that it's much easy earning with Forex. Forex profits and earnings don't really come that easy or quick but requires a lot of knowledge and understanding of the market itself for the trader to cope with it.

I like more of the continous bonuses which brokers offer like the deposit bonus because this seems to interest me more than the one time bonus. It makes you have an additional capital to whatever capital you already had in your account and you can make profit with it as though you traded with your capital.

The best currency pair in the market might be the popular pairs because of their high liquidity. Perhaps a lot of traders who are glued to it are governed by the fact that it is a pair they can easily trade in with low liquidity. I really don't see it as from the point of the best but that which favourable the trader more.

No one is ever sure his money is safe with any broker unless it is a regulated one. It is also important to check which body regulated the broker because there are regulators which don't seem to me as those that create an impact. In view of this, it is important that the trader looks out for a very strong regulatory body being regulated by the broker.

You only need the amount you can forfeit and not only seeing the potential of making profit. There is an increased chance of losing at that early stage and making profit from Forex isn't about how much capital you are trading with. It's about how much knowledge you have at any point in time. Therefore, it is better to trade with more skills.

Currently there are lot of them and you can try Forex.ee if you are within the euro region. One of the best ways is also to look for a forum that offer RSS feed burner for promotions coming from brokers ends. That way, the trader can be sure he is getting some up to date information about brokers services and their free offers.

The quality of service the broker offers goes beyond the benefits or the bonuses. The trader should always look at the possibility of the broker remaining for a long time to come rather than a broker that will come today and go tomorrow. There are brokers who are not really that serious for business and they have little or no reason to trade.

To some other people, we might say that lack of seriousness can make him fail in the Demo account but when it comes to the real account, he changes tide. There are those who simply see the Demo as a place that is not really worth their time and even if they are trading there, they also trade with lack of seriousness.

To me personally, if the trader is quite a daily trader who trades from Monday to Friday, then it would be a very difficult task that is near to impossible because the market can even overturn your analysis that you are 80% sure of winning. You can make profit from trading most of the days but that of everyday has a very narrow chance.

It is only when the trader who scalps tries the broker in the Demo account that he can tell if the broker is good for scalping or not. However, brokers offering fast execution time is best and most ideal for scalpers and can offer traders a better chance of profit therein.

Even the trader can make use of a journal too. I have seen some sites online that provide some kinda professional journals that the new traders can use as a guide in conducting analysis. It is quite different from the expert analysis itself and it offers traders a chance to trade with good knowledge of some other traders experience.

Forex is a collective name for trading in both currencies and commodities. The term Forex seems to make it something that the trader should understand that it talks about not just trading in pairs but also trading in other forms of exchange besides stock. These days, so many people confuse it with trading only in currencies.

@tray, exactly and that's what I'm talking about. Sometimes the orientation also have a great role to play because I know too well that tbere are those who came in with a very exaggerated impression about Forex and they think their money can do everything for them while they worry less about the knowledge.

@rexway, you are right. Trader's wants and needs can never be the same and there are those who are simply fine with some services their brokers offer which might not go well with others. The buttom line is that each trader knows what he wants an goes for it. Personally, I'm fine with my brokers and use each according to the market conditions.

Forex is meant for those who are always willing to take calculated risks. It is not meant for the class of traders that rarely know what they want and wants to make the whole money in a day. Forex doesn't really benefit all who desire to make profit from it. You need to work real hard on it and remain consistent.

@kaito, you can even get some good and reasonable start up bonus without worrying much about your own start up capital. I know too well about formax that gives $100 welcome bonus and also forex.ee that also gives $50 welcome bonus with some good conditions to it. The trader don't need to worry about a lot of conditions attached to it.

Lack of knowledge would lead someone to associate Forex with gambling because he would see it as a place you stake your money and lose it within the slightest opportunity. However, if the trader gets the knowledge to trade, the impression he has about Forex would change automatically because he sees it as a place that is the survival of the fittest.