Decub

I don't think I agree with the TS statement. To be frank, honesty has nothing to do with Forex and making money from it. That which matters is the knowledge that the trader has and not necessarily the level of uprightness that he is. You are not selling anything directly to anyone so there's no need for such.

There is no best currency pair so far as Forex is concerned, it is what the trader himself can make out of a currency pair. The best way to approach Forex and trading in currencies is for the trader to know that which he is good at. There are a lot of currencies that traders can trade on but the one the trader understands most makes him money.

Even though traders set a target for themselves with the hope of achieving it, it should be set within a time frame and not a day. Setting a daily target in Forex is quite difficult to achieve and all that the trader would most likely do is to allow it span over a period of time to achieve such goal.

That is mainly because all traders want to protect their position from losses. Everyone is afraid of losing and it becomes safer to avoid losing than pursuing profit. What makes a safe trade is, even if you don't gain, but don't lose much so you can live to trade another day.

Greed will make you lose more than you bargained. It covers your eye on what is right when it comes to trading and the safe way to trade. What the trader tends to see is the way he can make a lot of profits from his trades and close his eyes on the likelihood of losing. A greedy trader rarely finds a good way to trade.

When the name etoro rings, an average trader thinks of nothing less than copy trading. That has been their slogan to a lot of traders and I think, this feature they've got has made them so popular and the reason a lot of people want to be with them. Their copy trading feature allows a trader to copy from a more experience trader and make money off it.

Forex is just an abbreviation for Forex exchange which I think had already explained itself to mean the trading of foreign currencies. It is a business where the traders trade in different currencies in a buy and sell format and with a bid to make some profits from their trades.

There are a thousand and one brokers scattered out there and it is left for the trader to choose the one he deems fit and better to use. Most definitely, look tor the one that meets your need. But then, always look out for brokers with good reputation and credibility as it secures your funds.

I wouldn't even try investing with any broker that offers me so much of a restriction to withdraw. Just as fast as it would be to deposit, so would I want it to be fast for me to withdraw. The fun of trading in Forex is that you make the profit and find it in your account or bank.

Mostly, I invest with brokers who are regulated with strong brokers. Not like there ain't those who are regulated by other regulators that are not credible but having a good regulatory body gives you some degree of confidence on the broker you are working with.

It is no longer news to say that greed is just a bad omen in trading and it is something no trader wishes to exhibit. It is the main reason a lot of traders eventually lose and something worth avoiding entirely. It hurts much more because it makes you lose from an avoidable circumstances.

Sure I do and that is the best way to see Forex still. It is a business and should be given that professional business approach. Trading in Forex is more like trading in every other business that requires a trader's professional approach to it. Knowing the factors that influence it.

If a trader is not so good at market timing, he definitely would find it difficult to make a successful trade because he goes in at the wrong time. Market timing is always a good approach to trade and a solid requirement for traders to have a good knowledge of how to time the market.

Making profit from Forex is really something that is the desire of all but in the real sense, how many people are prepared for it with fullness of heart. A lot of traders don't just know what they want for themselves, they all want to make money anyhow with no action to support it.

I feel that a risk of 1,2,3% is rather too low for a trader to risk. Maybe 3 is good but 1&2 are quite low. The trader should at least, invest that which the profit is worth looking it. When you descend so low in term of how much of your equity you are willing to risk, you are indirectly descending so low of how much profit you want to make as well.

The loss that touched me most was my first loss of $50. It wasn't much but was so discouraging. I mean, it hurts more that you get the boot on your first visit. That was my day one in Forex and I lost Yvette whole money that I deposited same day. It took a torn on me but I was able to learn from it.

Majorly, it is ineffective analysis. Though there are just times when the market will leave you with nothing but failure but most of the times, the major cause of failure is seen in the error from our analysis. The more faulty the analysis is, the higher the chances of losing and the more we are discouraged to trade. In other to overcome this, it is wise enough that the trader understand the need to always make an in-depth analysis of the market before entering.

That is why patience is just unnegotiable in Forex. Making money or gaining profits in Forex is not something that happens out of the blues. It takes time to mature and a lot of it even. For a trader to make any reasonable thing out of Forex, there is always the need to cultivate the habit of being patient.

Traders especially new ones should learn how to overlook the attractive nature of a leverage system. No doubt, leverage is quite appealing to the eye and a lot of traders get attracted to it. When choosing this double edged sword, the trader should know that it doesn't just bring huge profits but also huge losses when the market over turns.

The importance of stop loss cannot be over estimated. It is always the saviour of the trader when such times when the trend of the market changes. It ensures that the trader does not lose out most of his pips to adverse market conditions and such a great tool that gives some degree of account protection.

Starting Forex is not that which comes out of the blues. The trader must be prepared to face it quite squarely and as a matter of fact, be ready to learn. Forex is a business in which if you don't understand how to use it or work in it, you definitely wouldn't make anything from it.

Starting Forex is not that which comes out of the blues. The trader must be prepared to face it quite squarely and as a matter of fact, be ready to learn. Forex is a business in which if you don't understand how to use it or work in it, you definitely wouldn't make anything from it.

The setting of the stop loss strategy is important to any trader who wants to make sure that there is adequate protection and guidance to his trades. However, where the problem is is that a lot of traders who even use it or need it rarely know how to set it. That is the major limitations to the use of stop loss.

PAMM account would have been a type of account that is solely based on the trader's experience that he can handle other trader's account. But my fear is that even those who do not posses the much experience and skills to handle their own account are also bearing the tag of account managers. It only means that the investment is just at the mercy of the account manager.

No doubt, the most important thing for any trader is how good he can manage his risks. Good risk management is something every trader needs and it is that which has no alternative if the trader must remain in Forex. Adequate risk management techniques is essential as a criteria for making profit.