Decub

Also, the length of time a trader takes to attain success in Forex might depend more on the level of his IQ. There are simply those who can learn much faster and quicker than others. These set of people have the tendency to understand and see Forex as a business without that much stress when it comes to their counterparts. Learning Forex requires a trader's level interest as that is a factor that counts more.

It is the more experience we have, the more the tendency of we avoiding a lot of mistakes. We really can't eliminate making mistakes entirely. That is one of the things that seems very impossible for any trader but we can always minimize the rate at which we make mistakes. To a newbie, there will always be more mistakes, but if he takes his time, he will overcome such as he learns.

Dream can just stand as a pillar any trader can always look up to for success. When we set our goals and aspirations in life, it helps us manage what we want and that which we desire to have. That is mainly the way dreams help us because it gives us something to look up. It is always better when we work towards our dreams rather than just leave it there to lie fallow.

@Tray, you know, sometimes I really wonder why there are still a lot of people who still trade in Forex even after knowing that it is such a risky business. It makes me begin to wonder if they don't really want to keep their capital to themselves. I mean, we know too well that you can easily lose with Forex, and yet, we can't get our minds off it.

@stekin, the Demo account is not meant specifically for the newbies alone. Anyone can make use of this though it is believed that it is the newbies starting point when it comes to Forex. The Demo account can always be a better learning environment for any trader irrespective of your level of skills and experience.

@Redoy, Forex is hard work to even those who have gotten some good trading skills and experience with it. I think this is mainly the place that confuse the newbies the more. To think that Forex is easy is on its own, a factor that would make them feel complacent and that becomes their major reason for losing. Trading in Forex isn't that easy of a business because it requires some hard and smart work.

Forex is never a money factory and there hardly would be a way a trader who takes it as a money factory will make money out of it. It is only a means for the trader to earn online and to have a better income for himself. Those traders who think Forex is a money factory only end up quitting Forex just too soon because they hardly earn a dime.

@gaban, I really don't doubt the fact that risk management speaks the whole language when it comes to Forex and choosing a margin. Where the concern should always be is when it turns awry. What if the trade over turns, what would be the out come. What if things shifts away from the way the trader expected.

@somupriti, in Insta, you don't have to copy, though I don't know if they have included the copy trading platform but if you invest in PAMM, you simply allow your money work for you as you don't need to do anything from your own end but the profit is shared according to what was agreed by you and the manager.

@adil, surely not every one will get attracted to Forex because the business is simply such that you are not guaranteed of success. Of course there are traders who express such fears and doubt that you are not even sure of your next trade. It can bring you losses as well as profit and that's why a lot of people try to avoid it.

Sure, it is definitely your analysis of the market that would tell you the best entry and exit point. A trader who wants to open a position don't just go ahead to do it because it's fun but is moved by the market conditions. It is our analysis that tells us at which point would be the best to hit the buy or sell button.

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It is your level of knowledge and skills that will determine how safe your money is. If the trader is a skilful one and has the knowledge to make some profit. The definitely yes, he can always have that skill to manage his account well. It's all about how well you can manage your account. The better you can, the more secured it is.

Call it psychology or emotional and you wouldn't be wrong but I think it's something the trader can deal with. It is just that which looks as if the trader can determine to put a stop to it and the stop holds. Trading in the Demo account could still be the same with trading in the real account since everything about the two are the same.

Sometimes also, I feel there are those things that affect Forex which goes beyond the usual economic conditions that we know. I feel there are big companies that could have some special effect or turn things around in Forex. They could influence the market prices with the level or size of their capital base. I feel there are really somethings that go around the Forex market that remains invisible to the average trader.

The trader can always take a review of brokers online and see that which is ranked the best for scalping according to users that are sampled around and are independently governed in terms of their decision and who influences their decision. It is all about the spread fee that Yvette broker charges and the tendency of the scalpers making money rather than wasting money.

No doubt, FBS is really on in the rave of the moment and we can say that they are waxing stronger than ever and very competitive. Across online reviews, you hardly would find any trader pointing them accusing fingers. It's one of the brokers almost everyone would want to bank with because of their variety of services including insurance.

I really like E books because that's one of the ways I learnt. Currently, I also make reference to some of my E books and they help me a lot in making certain trading decision. One of the factors that keep me coming or getting attached to ebooks is the fact that it teaches you on the go. With your e reader or even mobile handset, you can always read on the go.

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@tray, I think I agree with you. There might not be need for you to rush but take the whole of your time, trade in it for some extended period of time and be able to get some things tight. That is usually the beginning of success. A trader who wants to succeed in Forex owes it to himself to learn and learn well. Since there is no shortcut to success, learning becomes the key.

The number one thing that causes losses is lack of knowledge. When a trader lacks that trading knowledge, it will be pretty difficult for the trader to make anything out of Forex. It wouldn't be an overstatement to say that a trader who has no knowledge is bound to fail in Forex because there is simply no way he can attain success. It is a simple and straight forward rule that applies in Forex.

Sure, the risky nature of Forex will definitely give traders more losses than profit. That is exactly what makes it a risky business. It is only those who are ready to overcome that that will. Forex isn't a bed of roses but a business you have to think right before you can get right. Here also, knowledge plays more role than whatever capital the trader might have.

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STP can be likened to the likes of PM when it comes to popularity or stuff like that. What I really don't like much about this Canadian processor is their fees. It is rather on a high side for me and is close to saying it is hardly affordable for the average user and for an unregulated payment system. Perhaps one would say it is a payment system that those in HYIP will always love to have.

I came across this payment processor in yet another forum and all efforts to access the page proved abortive. Same thing happening here and I don't think the admin is any longer in for business. It doesn't look popular to start with and to a great extent, it doesn't still look serious.