Decub

Leverage has so many advantages when the trader manages it well. It's about how well he understands leverage system and how good he uses it. A high leverage means high profit when it's positive and high losses too when things turn out the other way. It is always better when a trader chooses a smaller leverage and minimized the chances of losing.

Since this is a Forex trade, I think there wouldn't be any better option rather than trade with it if the trader knows how to trade. In any case where that knowledge is lacking, he can higher a friend who is good at Forex to do the job. In this case, there are some greater chances of making profits.

Another disadvantage is also that robots are programmed for a particular market of which they should excel. Anything short of that only means there are tendencies they wouldn't perform beyond about average robot. It is always better for a trader who wishes to make use of a trading robot to look out for that which is reliable and according to his own style of trading.

Sometimes, newbies really trade in the real account as though it is the Demo account. They invariably commit themselves by seeing their investment as though it is the virtual capital they have in the Demo account. This gives and leads them to a lot of losses and failures because it tends to make them forget about risks inherent in the real account.

@somupriti, PAMM is different from copy trading in so many ways. A PAMM investor doesn't need to do anything on his own to earn. Your money works for you and all you have to for is to sit down and earn or watch your money work. While in copy trading, you do the whole practical job with another trader's analysis. And yes, PAMM is still available in Insta.

@standart, I think that's really one of the main points to behold. There is no chance to manage risks when it comes to gambling while in Forex, you can still control and manage your risks well and make a better outcome when it comes to results. Trading in Forex is just parallel to gambling because gambling is a winner takes it all thing.

@adil, that's exactly what leverage did. Forex would have still been for the rich of not for that and you can imagine what it would be like investing just $10 with a leverage of 1:100, it automatically means you have up to $1000 dollars worth of trading capital. This wouldn't have been possible if not for leverage system.

I really doubt if there are sites known specifically for auto trading if not that traders make use of robots. I think that's the only way auto trading is possible or maybe by making use of the auto trading tools in the trading platform like the stops and pending orders. It isn't something we can just Beck and call on without understanding how to use them.

There are those also whose problems are not just peculiar to Stop Loss alone but to anything that is all about automatic tools in Forex. I mean, all other pending orders uses to facilitate automatic trading. This might just been seen in the fact automatic tools can't be rely upon as they tend to misbehave under varying market conditions.

But there are some brokers who really do some funny things behind the scene. There's a book I came across sometime ago "Don't trust your broker" which I believe the author must have gotten some degree of skills when it comes to trading in Forex where he said there are brokers who intentionally plot the traders' failures.

@tray, the use of multiple indicators doesn't mean accuracy in analysis most times. The more need for more than one indicator is because often times, just one indicator isn't always reliable and can possibly to lagging. The second one only helps or maybe to determine other things like the strength or direction of the trend.

Setting stop loss all depends on your trading strategy. Swing traders set in quite a different way from the scalpers and in other to save yourself some stress, you can avoid the use of the SL if you rarely understand how to set it. It's not that which is a must to use and instead of confusing yourself the more, it's better avoided.

@Kenny, take it like this, that Forex is a business that has so many movement and changes in trend and tides of the market. You can hold your position for as long as you like but Forex is not something you expect the price to rise as the day goes and that is why you need to analyze to know the best time to buy and sell.

Same here and I see it as something that is very good not just for the traders but also for investors. Insuring Forex makes it a kinda subtle and less difficult if seen from most angle. Trading in Forex as we all know is such a risky business but introducing something like insurance makes it easier to invest in without fear of losing it all.

If you are a good planner, Forex might not necessarily affect your personal life time a great extent because you will learn how to allocate time to it. It's all about giving it the right place it should be when it comes to the requirement or allocation of time. Not necessarily over trading because you want to make more money.

Even though the trader tries to do so, it will be pretty difficult for him because he rarely knows how to do so. Trading in all currencies or more currencies is something that is pretty difficult for the trader to achieve. It is not as easy as it is expressed verbally and even the traders who do don't find other easy to do so.

For the traders especially the newbies who hope to rely on credits, it is wise enough for them to have that knowledge. That is always the starting point because anything less than that is almost a waste to the credits. Bonuses come with some heavy rules and conditions and of which if the trader isn't good, he only would end up losing it all.

@gaban and kid, you guys mean you use such high leverage. That is multiplying whatever capital you've got by a thousand bucks and if you lose, loose by same too. That's kinda high if you ask me. For me, the maximum I've ever tried is 1:200 and sad enough, o lost that day and it makes me pick a lot of caution when handling same.

I doubt if there's any that don't. I mean, it seems you can even open a fresh Demo account from the comfort of the mobile MT4 app because mine has a provision for that and even though I never tried, I believe there would be a way to synchronize it to your broker or you can do everything from there.

@cahcuncum, that says it all. There is no way a trader will aim high and remain where he is. There must be a step to greatness. What it takes is just for the trader to remain committed and focused to it. Trading in Forex can give you money but not on a fast track. A lot of people have some big dream for Forex and their career but where they fail is the little time they give it.

The amount of 4 USD has been deposited to your Perfect Money account. Accounts: U6297080->U4854513. Memo: Worldmoneyforum.com. Date: 17:08 25.02.14. Batch: 49753413.

@tray, sure but there are dreams that only end up making us more losses than we assume. It's not about having a dream or a visit of what you want to achieve in Forex but being able to set a target that you can really achieve. Trading in Forex is not something that we achieve with loads of wishes.

They are the same with distinct but inter related functions. While the Demo account is mainly a practice account, we won't deny the fact that the real account is where the real deal is. However, different traders have different perception of what it is and what their functions are.

Sure, there are a lot of ways to earn online and a lot of sources to earn from but when it comes to Forex, it's a different ball game. Forex is one of those you know too well wouldn't turn scam. The business is such that you get the amount of money you earn and highly liquid too.

I really don't doubt those who believe the Demo account is such an easy place to earn because basically, when you are learning in the Demo, it seems a lot much easier to make profit. Suffice it to say that it contributes more to the main reason traders who make profits from Demo find it difficult to make same in the real account.