Decub

Majority of the brokers are worth our take since in this recent times, almost all of them really want to get verified. The only way they can maintain their customers trust is by ensuring they are at least regulated by one body and this also puts some degree of trust on the traders themselves as they see it as a place they can stay.

@waseem, brokers that do not usually delay their payment stand a great chance to retain their traders. This is because a lot of people are so concerned about the profit they made and it is only a few that would be interested in leaving their profit with the broker still. Fast withdrawal processing is a very good feature for any broker even though it is not a genuine criteria for choosing a broker.

It is a very difficult thing to do. However, anything is possible with learning. It's all about the trader learning how to control and manage his risks. Forex on its own is risky but not as risky as that which can't be controlled. It is better to see it from the angle of a business we can make money from when we are good in risk management.

I recomend that the trader have a sharing formular for his earnings. Withdrawing everything wouldn't prevent you from losing again and again if you rarely know how to manage your account. What you need to do is ensure you always have some back up about spending or withdrawing profit in case there is need to to up your trading account.

Brokers tend to paint Forex greener than it should look. Some brokers wouldn't spell out the risks involved in Forex so that the unsuspecting newbies would be aware of it. They will be very smart to tell you of the benefits you stand to gain trading in Forex and how you can make a lot of money from it without spelling out the risks.

The importance of any account in Forex is in the management. It doesn't mean if the trader has just an account with the broker or more than one but his ability to manage those accounts. Having multiple accounts with a broker doesn't in any way guarantee some multiple profit, rather, losses.

Statistically, the value keeps growing and tends to shift more to the third world countries who I think are just finding solace in the business. They stand greater chances to make some good profit out of Forex by virtue of their country's value of the dollar. Those who say that the developing countries will become more in Forex may not have made some bad forecast.

Mainly you can start with the basics and obtain some basic knowledge of Forex and how to trade in it. Starting from the scratch really helps a lot and can give the trader a better understanding of how to trade during the real trading. Next approach is by trading or learning in the Demo account as it is the only place the trader can beckon on for more knowledge on how to trade.

PAMM is good since you can just sit at home and earn. There are those who simply reap from it and they don't have to worry much about trading themselves. They have things all sorted out by the virtue of those who trade for them. It is something the person who has the courage to face it and dare it will do and not really meant for those who are afraid of losing.

The Demo account is not even for the newbies only because there are chances everyone will directly or indirectly need the Demo account. For a skilful trader who wants to develop his career, the Demo account is the best place to practice and acquire more knowledge. Trading in the Demo account accords the trader a chance to understand without cost.

@Rexway, but you find out that it is even the newbies that attempt to trade with robots more. Trading with robots is not good when you don't understand how to use it. I don't really trade with software's but I know too well the consequencies and what it can land a trader into.

That is why you can see the performance of the person even before you copy. Copy trading is a very good way to earn when the trader lacks the knowledge. It accords you a chance to make money out of other traders skills. It is more like PAMM but the only difference here is that you do the whole thing yourself unlike PAMM that another person does the task.

Trading in the Demo account is a nice way to start and the trader can trade with it in any way he wants. It is the best place to build up a strategy and learn better ways to trade since the trader don't need to bother much about the money he will lose in the process. Even though there are those who try to avoid it, we can't deny that is the place for all.

A good knowledge of a Forex robot and the way to use it helps a trader to even identify a good one. Not all robots that are in the market, either free or paid are worth the money spent on them. The trader can make money from trading with these sofwares but The fact remains that they are not all good or favourable.

I sometimes call it survival of the fittest. The trader who has more knowledge and understands the market more has a greater chance to make profit. That is basically the fact about Forex and there is no way a trader can make money from it if he doesn't see it that way. Trading in Forex isn't a money making machine somewhere growing the funds but it's more like a place you get from another's loss.

@standart, I like your opinion. Concentrating investment isn't good enough and if we can learn from the words of great investors, testing the depth of a river with both legs is a quick way to get drowned. In other to run away from a lot of things like this, it is better to treat investment as though they ain't gonna yield even though you believe they will.

@gaban, sure. Leverage is the reason small traders still trade, it is also the reason some are greedy so it is seen as a two edged sword that can make or mar. What the trader needs to know is the effect of whatever leverage he chooses on his trades. It is therefore necessary that when choosing one, adequate care should be taken after understanding how leverage work.

There are a lot of brokers who encourage traders by this method. I think Forex EE also have similar package where the trader can even withdraw both the bonus and the profit after making some specified number of lots. No deposit bonuses offer traders a chance to make profit without any form of investment from their own end.

When a newbie uses a lower leverage, it makes him have a better security to his equity. It is important that newbies should learn how to use a leverage system and not just using it because it offers more profit. High leverage isn't the best for newbies since they are more prone to losses in the process.

Traders who scalp and understand it better are those traders who have the skill and mental ability to cope with the sharp movement of the market. The best time to endulge in this form of trading is in a volatile market and the best pair are the popular pairs since they have less spread fee. It is a quicker and faster means to make profit from Forex.

Best place to practice is in the Demo though but the best way to practice is to take it serious. The more reason so many people lose is that they do not take the Deal serious. To them, it is just another practice zone and they have little or no reason to pay much attention to it. Practicing in the Demo account pays more when we take it as though it's the real account that we trade in.

Setting Stop Loss is generally not too easy for newbies. There are times, quite uncountable when they set it and it hits over and again. At such times, it is best to keep practicing and learning in the Demo account as that's the only way to set it accurately. It is not like an automatic thing where a trader fixes a point to set his SL and everything click.

@waseem, there are free robots though but the truth is that before you get a robot that you can rely on, you yourself should as well have that knowledge of how to control and manage robots. Trading with robots can make you lose and even blow up your account if you don't have that knowledge to use and manage them well.

You are right, analyzing the market from a higher time frame offers more accuracy than on a shorter time frame and it gives a clearer view of the market. However, everyone wants to make quick money and no one wants to leave his position floating. That is basically the reason some newbies go for short term trading.

One of the beauties of investing in Forex is that you can make money from it even with the least investment. It really might not need you to have a lot of money to start up or need to have so much capital before you reap from it. Making money from investing in the business is real and offers a lot of convenience provided you have the knowledge.