Decub

@Gaban, I think where most people really get it wrong is that they feel they can get all they want from Forex in a day. Yes, they want to make money from Forex but they rarely want to learn. There are those who really dream big and wish to be a better trader but their anxiety wins them.

Well, patience counts a lot towards becoming a good trader in Forex. It is something that the trader works out and believes in. Trading in Forex requires a lot of time on the part of the trader through the learning process. There is no trader who got to where he is over night. It took so many of them a lot of time to do so and to make what they are.

Gambling and trading in Forex draw very opposing lines If you come to the real sense of it. It will be pretty difficult for a gambler to rely on gambling for a living because he knows that that which control the game is simply based on luck rather than skills.

@stekin, hedgefund is a nice place to invest If the trader does not posses that skill to trade on his own. Also, PAMM is not a bad one If the trader can get a very good account manager with some proven track record. These days, PAMM can be certified a good ROI.

Mistakes can also come as a result of over confidence. When the trader is over confident and believes a lot in himself, he makes more mistakes and loses more. The act of being over confident as he trades can lead him into more and more mistakes. It is always better to treat Forex with a high degree of professionalism.

I don't think that's something you can easily find. Perhaps the oldest broker must have closed shop and is no longer operational. What matters these days is the services brokers offer. There are a lot of them scattered all over them internet. It is only left for the trader to run a review of the brokers and determine that which is best for him.

I see them as two things that work hand in hand. Passion and dedication are quite important. If you grow a passion for something, you definitely would be dedicated to it. It's simply a way to make money or learn Forex well. Grow that passion and give it the attention it needs.

I think I have heard a lot of things about Tenko too and their services are quite good. Customer satisfaction is always the best thing that a trader needs. In this case, If a broker came always guarantee that, I'm very sure the trader wouldn't look for options elsewhere. I love the services offered by my broker too.

Though the Demo account is always a sage place for a newbie, the Demo is not only for them. It is a place any trader irrespective of your level of knowledge and skills can still participate in. You simply have to take it as a learning environment and it will be one for you. It mustn't be for the newbie to take solace in it.

A lot of people get attracted to Forex for a number of reasons. One of such reasons include the reputation the market has got already. To call it the highest market wouldn't be an over statement and of course, it is the highest financial market in the world and it records such a high rating because of its liquidity.

What is affecting you is wrong timing. You most probably are buying at the wrong time and selling at the wrong time too. Timing matters a lot in Forex and If the trader must trade well and make profit, then he mist time well too. Trading is not like just targeting the market and buying any time but analyzing to know the best entry point.

It's important though but It's difficult to achieve. That is the dream of every trader. No body likes to lose but losses will definitely come. Trading in Forex isn't easy for anyone and it is not also a business that just anyone can do. You have to know and understand how to trade before you make anything good from Forex.

One of the things that get others attracted to Forex is that it offers the trader so much flexibility. By this, o mean that trading in Forex also gives you the chance to take care of other things. In this case, the trader can always trade and take care of other businesses too. It doesn't need the whole of your time to make money from Forex.

A student still has the chance to make something good out of Forex. I mean, it is a business that us opened to all and the trader simply has to key into it. But then, the trader who wishes to combine the two has to realize the implications of combining such two heavy things. Both activities are quite demanding and requires a lot of knowledge to overcome them.

@waseem, If I may ask, where would honesty be needed in trading. I mean, at which point does the trader really need to be hones in the real sense and to who. To the best of my understanding, I rarely think it is something that is needed in Forex. A trader can always trade without the need to bother about that.

You might not have the need to stop trading in the Demo account no matter the circumstances. Demo account offers you a great deal of knowledge and a chance to always make amends. It is a place where the trader simply would beckon on for knowledge improvement and enhancement. Trading in the demo account is not just fun but economical.

@surya, quite right. A trader should realize how well he is when it comes to trading. He should also understand the need to trade according to the level of skills he has. It wouldn't be wrong to assume that high leverage is for those who has some good trading skills and are always ready to manage their risks well.

Having that control over our emotions is always a better approach to trading in Forex. We are naturally bound to react to our emotions and sentiments to money or anything we treasure. This act affects us and the way we trade. In other to control it, we simply have to understand the need to realize how risky Forex is.

But both of you are saying the same thing and then, news is important to any trader. The good thing about it is that of you are a fundamental trader, trading with the news helps you take a good trading decision and timing such that you have a better entry and exit point. Because the news especially high impact ones influences the market, it is necessary for the trader to trade with the news.

Forex can change everything about a trader both for good or for bad. It's either he enjoys trading in Forex or he detests it. The more a trader trades and make profit, the better the life. This means that if the trader posses the trading skills and knowledge to trade, he gains and enjoys the better living, on the other hand, when the knowledge is lacking, it becomes a worse scenario.

Greed is such a bad omen, not just in Forex but in any business any one finds himself. A greedy trader will not make something from Forex easily because he will always be battling with series of losses and discouragement as he trades. The more a trader increases his level of greed, the more he losses.

Becoming successful in Forex isn't easy. It never has been for anyone and it is not a place success just flows in on request. Here, you work for it before it will come to pass. You simply have to do it and achieve it yourself. This takes a lot of trials and error and it is only when a trader is determined that he can make something out of Forex.

It's risky and It's a fact that we can't really deny but it's not a business that we can't minimize the risk. I mean, though there are high tendency of losing in Forex, we can still work on it and reduce the harsh effect of trading in Forex. It's all about what you know about Forex that helps you control it and take charge.

Sometimes I don't really doubt those who doubt If Forex earning is real. Yes, mainly because there are a lot of people who lose from Forex on a daily basis. This makes it a business where the trader simply has to work hard and posses that which goes beyond the usual trading knowledge.

But Gold is a commodity and not a currency. It can as well be a very good trading pair If you understand it and know how to trade in it. Even the exotic pairs that a lot of people tend to run away from, there are simply those who are fine with them and they take it as their own best pairs. Trading is all about how well you understand the pair.