adil007

Sometimes you feel like you need to give more time to practice and sometimes you do not feel like it, so in my view it is already inside you that helps you make this decision that are you ready for live trading now or do you need a little more practice, if I talk averagely according to me 3 months would be very good for trading in a demo account.

Well in my view there is no business that does not involve risk, even stealing involves high risk, anyway if we talk about forex trading it is also high risk business we are never sure about the future trend of the forex trading we do not know that whether our analysis or prediction is right or not, we would make profits or go in loss so there could be no trading without risk.

Yes same over here, I also do not agree with the thread starter's statement, even scammers make money from forex trading, people with no knowledge also do sometimes, those who are liars make money by trading as well as trading is something we do online the broker does not know us personally.

Well this is what everyone wants in forex trading, everyone wants to make profits by entering at the lowest price and giving it up for high price in the end, if this was not the case everyone would have been in loss, however it is still not easy to determine for traders that which time is right to start the trade.

Money management and stop loss are very important factors in forex tradig, right utilization and use of these could bring lot of benefits to us and could prevent loss at our side, we should manage our capital wisely and go with a proper strategy and also use stop loss and not take on too much risk in our trading if we want to play on the safer side.

Long term trading in my view has benefits if compared to short term trading, one can make more profits out of long term trading rather than in short term trading, but it also increases risk if we opt for doing long term trading, I have seen many traders going for long term trading but I would like to stick with the safer one that is for me short term trading.

On other hand I think claiming forex trading to be an online business better than other online businesses depends on the forex trader as well, if the trader is having loss in forex trading I would not think that he would claim this but if we is making good income out of it then he might claim it. However we should always keep some other part time work as back up as well.

I think it all depends on you, your capability and ability to learn, the time which you put into gaining knowledge and practicing at your demo account as well as your determination to learn forex trading quick, in my view you would get to know it yourself when you are ready to go for live trading when you are making good profits in demo account you should switch over then.

I think we should keep forex trading as our part time job so even if forex trading goes down we would not have to worry a lot about it as we would have back up to support ourselves, on other hand we can think of other online activities like doing online tutoring for earning a living for us besides forex trading.

According to what I think we can choose the right leverage in forex trading quite easily for us, if we have a big capital to invest in our trading then perhaps we should not go for high leverage but do trading with setting up a bit lower leverage which would reduce risk for us and give reasonable profits in the end and if we have small amount to invest then we should use a little higher leverage.

I think that there are many reasons why forex traders fail in their trading, perhaps the most important one is lack of knowledge as well as practice, many traders especially the teenagers want to make some quick cash and without learning/practicing properly in demo account they go for live trading and that is why they suffer loss because of their greed for fast money.

I think greed in forex trading would only mean loss for us, we should remain satisfied with the profits that we are making, if we get greedy in the middle of a trade we can get heavy loss destroying the losses which we could have made if we had not been greedy. Setting high leverage to make more profits is also greed and it increases risk due to which we can have loss.

If we talk about the best trading hours, I do not think it is like a captcha work in which rate is good in some hours and in some not, in forex trading the market is continously changing and so we cannot mark some specific hours as best forex trading hours, but I think it is not much wise to do trading on Friday as market starts getting low on Friday.

Well yeah there is never short cut to success, if we want to get successful in forex trading it would require a lot of things from us, we would need to strive and do hard work including we should have determination and will power to learn forex trading firstly and then we should think of making profits from forex trading and becoming successful and so it would take some time to get success in forex trading.

Nowadays as I started my activity on this forum, I do not know why a lot of my posts were deleted over there that is why I have got now discouraged to post over there, other than me I also was told that this thing was also happening with other new members, is it true.

Nowadays as I started my activity on this forum, I do not know why a lot of my posts were deleted over there that is why I have got now discouraged to post over there, other than me I also was told that this thing was also happening with other new members, is it true.

I think if we want to start profitable forex trading we should first start gaining knowledge about forex trading and we should practise regularly forex trading by making our demo account on which we could practise what we have so far learned before moving on to real account to make good profits.

For me no forex trading is not my only source of income, I have other means of income currently as well except forex trading like ptc sites and some other sites which I like to use to make a living for me, on other hand I am supported by my family mainly for my needs. However if I make good profits in forex trading and have spare capital investments I would make it my only source of income.

yes indeed insta forex is now one of the best forex brokers in my view as well, it's reputation is also very good on the internet and it is now gaining more popularity. and this is what most people look for in a broker people decide to join a place by hearing other's opinions who are already members of the broker.

Yes for sure forex trading is the largest market in the world and there is a high daily transaction volume as well in forex trading, and the profits in forex trading mean that more people are attracted to it and that is why it is now the world's largest market, however we should keep it in mind as well that it is also risky.

For me the main thing which I want to do in forex trading is that I want to turn out if not an expert but a good forex trader i future, I want to be capable enough to make profits and satisfy my needs from using forex trading as my easy source of income and not depend on anyone else but forex trading to be my main job.

Yes demo account is one of the most important things in forex trading, demo account provides us good experience practically before we go for real trading in the live account afterwards, so we should take the opportunity of using the demo account and try to learn well in it so that we can make real profits in the real account and also we should not take demo account lightly.

Forex trading for sure requires us to utilize our mind into it, if we do not use our mind properly in forex trading we can easily go in loss, also due to forex trading we get stress on our mind as well due to which sometimes if we do trading continously we might not be able to make much profit afterwards so we should give a day off to our trading as well so we can use our mind again with capability.

Yes forex trading is like being a money ex-changer sometimes that is what we do in it, we exchange the currencies in a way, we are making use of pairs of currencies to do forex trading unlike gambling in which we mainly do betting or try for a jack pot for ourselves in forex trading we just simply trade between the currencies to make profits for ourselves.

Well I do not think forex is completely similar to gambling, it has its differences as well as its similarities with gambling, in forex we are required knowledge, usage of strategies and things like this but in gambling we can make money depending on our luck as well which makes gambling quite easier than gambling. However there are still similarities also.