Decub

@gaban, sure, making money in Forex is an option which doesn't require you to empty your brain in stress or your bank account to seek knowledge. Though the Demo account is one of the best places to be, there are still those who care less about it. You can learn in a variety of ways.

A newbie should always see the mini account as a mini account and not some kind of place to accumulate profit. Of course your capital is directly proportional to the amount of profit you make and there's no way the trader would want to expect excessively from what he should have. Trading means taking the profits little by little and for a newbie to start up with a mini account is the best.

Practice is a never ending thing. A trader can as well practice by real trading. Not minding that losses abound and there are always increase chances of losing, it never would stop a trader from learning. Each and every time we trade, there is always a lesson to go home with. It makes you feel that impact of being a Forex trader.

You never would Stop learning so far as Forex is concerned. It is a place where knowledge entries and all that the trader needs do is to keep learning how to trade. Trading in Forex is all about what you know as a trader and what you are able to offer. It means you have to posses that which sets you apart from other traders.

Depending on Forex can be very profitable but it depends on how much knowledge the person has. If you wish to make Forex a place of earning, then you should also be prepared for it. It can form a good means of living for you and it can also drain your pocket. It is left for the trader to spot out the difference which lies in knowledge.

That is mainly because you didn't get the gist. I said some people think. Well, you can as well agree with me that if you have the knowledge, you can make money in Forex. By extension, Forex is the only business I have seen that you make money fast because I've been able to make $2 within an hour without even my own analysis because I used a signal.

Sure, and so does every other currency. Trading in the Euro doesn't mean it will remain weak always because there are quite a lot of factors that determine the rates. We can understand that the stronger the economies within the Euro using countries, the stronger the currency in the market.

There are traders who naturally enjoys doing it the hard way. I mean, a do or die approach. Though personally, there are times I go all out to risk it and hope for the better but that's just a bad way to trade. Trading with greed is poisonous to the trader and it's something that can cause him a lot of harm to his account.

Copy trading is quite a good option for a newbie. At least, he is sure he is not gonna trade with his own skills and analysis. However, the newbie should also realize that it's always good to do it yourself. That's what makes a good trader, just as he is copying, learning also should be of paramount importance.

Because leverage can be quite dangerous when not properly managed, it is always good that the trader make do with lower leverage. A newbie is always that which falls victim to losses and using a high leverage system only means hell for him. In this case, it would be better for him to cut his profit expectations by making use of a lower leverage system to avoid losing hugely.

Brokers majorly earn their own money from what is called spread. It is simply a bid and ask price. Because there are so many buyers and sellers in the market, there are as well high volatility and liquidity. This means that the traders are always buying and selling and it is with this movement that makes the market an interesting place, as there are more players, so are the spread and that is why brokers are always looking for traders.

A lot of newbies tend to misrepresent what Forex is all about and how it works. This really makes them have that negative or adverse perception of it. In the clearest sense of it, Forex is a business where the trader can really benefit from it if he works hard. It is a place where only your patience and perseverance will guarantee you a better end.

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Dreams are just there for us to work on it. If a trader understands Forex and how to trade, then the goals, dreams and aspirations he sets for himself would definitely come to pass. Trading in Forex is all about getting that which the business offers. It doesn't really lie much on that which that which the trader desires but with hard work, he gets closer to his heart desire.

Good brokers hardly have those kinda very bad review one come across with some brokers. If you search about them online, you will always hear of some customer or trader friendly comments about their services and this is exactly that which sets them apart from other brokers. A good broker is always poised at pleasing her traders.

It will still be fine a thing to make Forex an only source of income. That will mean that the trader will have to work just very hard to attain success in it. To get the best out of Forex, then a lot of commitment will have to come into play. Taking Forex as our only means of earning requires just more than seeing it as a business but as a career.

If a trader fails to learn how to trade, he only succeeds in learning how to fail. Other reasons traders fail from Forex is that they set a very high target for themselves. They want to make the whole money they need to make within a very short period of time and it only ends up making them very greedy. Trading is not a get rich quick thing. It requires more time to become successful.

A newbie or by extension, any trader knows and understands himself more than any other person. To this effect, he is also the person that can tell where it pains and where it hurts most. If he believes he has overcome all these and is ready to take up the challenge of trading in the real account, then why not.

@Forexlover, is there really a connection between being honest and being a successful trader. I hardly see one because as a trader, what is of utmost importance is for you to learn. You are not responsible to anyone and non of the upright virtues is a reason for your success.

It's all about emotion. When the trader trades in the Demo, he doesn't think of much relating to the ease of losing money. He tends to trade with that clear and undoubtful mind that it's part of the business while if it comes to the real account, the more question would always be that of losing money which is very easy in the real account.

Well, most times, people tend to look away from the fact that Forex is also a very risky business. Forex is one business that you will find it very easy to lose. Even without spending so much of your time, you can lose all your money. It seems we take home the fact that a trader can earn in Forex easily and this is the major reason a lot of people become victims.

A lot of reasons can really point out their similarities but the fact still remains that the Demo account is purely a learning environment while the real account is an earning environment. For the trader to understand and build up a good trading skill and strategy, the demo account is one good place to go without spending a dime.

And yet, still getting more and more popular. The market is just one which has come to stay and a market or a name that resounds in every household. Forex offers the traders who partake in it with some degree of seriousness a chance to make something good out of it. This fact, in turn, brings in more traders to it.

Also, attaching emotions to trading is a big mistake that traders make too. They simply have that sentiment they display when they are trading. This makes them become either too emotional as a result of fear or make them develop a lot of greed as they trade. It is always better to see Forex from a professional point and remain committed to it.

Even, I see it from the angle of, when we are dedicated to learning, we hardly would remember the stressful part of learning. To a great extent, it is only the way we can remain committed to trading. The more we learn, the better we will understand how to trade.