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I think its only for the experienced and pro trader. I think its very hard for newbie to make a full time living off of it. since you will need good knowledge, skills, experiences, and sound strategies not all newbie can do that and it will take time but if you do it for a year then you can or maybe rely on it more than if you're in your first 6 months in it. It takes a lot of experiences to nail that cat.

The days that are bad that you can't make money are the off open market hours when none of the market is open. You can't have profitable trends during those time. Weekends and holidays are no no. Also, volatility during news could cause you to lose a lot if you don't know how to use stop loss or control your trade during such time. However, trading with highly demanding pairs can yield good results for you.

I think forex can make you really happy if you are able to make great profit from it. You can make hundreds per day as many who have a job only make like around $100 bucks a day so you will be making tons of profit and that is very nice for someone living in a third world country without a lot of jobs offers. You can make a living out of forex and you don't even have to have money. You can post in forums and get leverage even. This is the best business of all. However, as you get impulsive and open way too many trades or become emotionally too dependent on it, you can be stressed, depressed as your trades is your whole life. You can decrease this problem by saving your profit and build steady profits and do other things as well beside forex.

That is right, if you want to profit large you will need large capital deposit and also large leverage. You will not be able to do that with bonuses or low capital or low leverage so the risks will be so much higher. However, high risk is not recommended for newbie since the risk of loss is so high. Its better to use low or modest capital and build steady profit over time so that is more ideal and safer.

A demo is really valuable for all newbie as losing with fake money is so much better than losing with real money as most new trades will be losing or weak trades so do it with fake money or cents accounts. Mini or cents account will save you from tons of loss as you will experience loss as a newbie for sure. I would highly recommend all newbie to start off with a demo and then move on to a cent account like the one at forexcents.com where you also get $5 for signing up bonus to trade with.

I think a lack of knowledge is the basic of many forex mistakes by newbie. How can you fly an airplane and then try to correct yourself in an emergency landing if you don't really know how to do it or have been trained to do so. Its easy to lose in forex so intensive training will help you from making mistakes. You will make mistakes if you get impulsive also so calm down and only trade if there are money to be made. You also will make mistakes if you don't understand fundamentals or trade during off market hours.

Like she says, we need to learn as much as possible in order to be a really good forex trader. We will lose less and we will earn more. Forex can be profitable and a good business if you have high knowledge and can control your trades and yourself and your money. All is possible in forex with a good mind. However, being mindless will cause you to lose like a gambler.

You have more control in forex than in gambling so its not gambling unless you trade without knowing fundamental and why you trade then its just gambling. It can be gambling if the trader has no knowledge and just want to trade. Other than that, its a very controlled business where you can see your cards whereas in gambling you can't see the card that is coming to you and you will have to accept bad cards but in forex you can stop loss and exit bad cards.

Another great place to practice is also a cent account or a mini account as the money required for trading is very low. So, you can sign up at forexcent.com to see if you will be good at trading. They will give you $5 bonus to trade with and also 33% bonus upon deposit and $2 withdrawal upon deposit bonus. They're a good place to start out since you can practice a lot in .01 lot and not be afraid of loss but you will also be able to withdraw bonus as well.

I think as a newbie or someone who needs money you want to open a lot of trades to try to make money but that might be a bad strategies since opening way too many trades could be confusing to newbie but also costly if the market goes against you. You will now lose five time the amount of money rather than one lost with one trades as the market is so unpredictable that you will never know how its going to behave so throwing everything down in a basket will lead to many losses so control your losses and make sure each trade is a good trade. I think doing one good long term trade and making like 80 pips from it is so much better than 10 trades with only ten pips from each one and they're near loss trades. Always remember to use stop loss.

Its good that you're getting payment as I saw a lot of members who got banned. They have several thousands posts and then they got banned. Its sad but they're spammer. I hope nothing will happen to me. It seems like a nice website and easy to post but the 5 minutes rules is hard and its keeping me from posting there daily.

The forum is down again for maintenance. I hope he will be back soon. I guess they're trying to do weekly payments. I guess he has been trying to fix his hacked website so hopefully he will be back soon. I guess he's still recovering from LR problems like most forums. I hope he will be back soon.

I find that entering the market right before market opening is ideal or even a couple of hours before that as that is when the price is lower than what will be during the day so you will get a chance to profit. You will enter it low and then wait until 8 hours later or 3pm and then sell with a profit. I always see that as possible since its easier to profit when there is higher volumes during the business hours.

We all know that stop loss is a life saver. Without it, we will get our entire account wipe out. We need to set it so we don't get it wipe out so we can make some money without fearing for the loss of our account. Its good to use in short term as well as long term trades. However, we must set it wide enough to allow the price to bounce back since it fluctuates so much a narrow range will kick you out of the trade very soon so you won't have a chance to make profit. If the trend is going upward very strong, you can use a narrow margin like 10-30 pips and if its weak then use a wider margin to allow bounce back like 20-50 pips. If its a long trade, then use wide margin to allow bounce back.

I think long term trading for newbie will be more profitable. Its more profitable cause its easier to enter and sell than short term or scalping. Its too much risk for newbie to scalp and they have little control over it sometimes since the price moves too quickly and can turn against them. Its hard for them to make money scalping but they can make profit easily in long term trade. Try entering the market right before market opens and then watch it rise and then sell. This is simple enough right. The price is usually low enough before market opens and by demand it will surely rise during the noon time and then sell by 3pm.

I've been at it for a year now and I love forex. I think you can try forexcents.com to test out and you also get $5 bonus there to trade with. You also get 33% bonus upon deposit and you can withdrawal the $2 bonus upon deposit. Also, you can lose less with a cent account. So you should try out a cent account to experiment first. I earn pretty well in long term trading like 8 hours a day but not short term as its too much risk with short term trading.

You should listen to forex news station and read as well. The more you know the better. We can always learn more and more daily as it affects the current market cause what we knew one month ago is now different so we should look out for news that will affects our currencies at all time and at new time.

When you time your trades and open it when there are at least 2 markets opening that will overlap you will make more profit than one market only. Since, there will be higher trading volumes and transactions you will make higher profits. The pips movement is slower when there is only one market. I usually trade during NYC and London market. How about you?

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You can and there is no one out there to tell you not to do it. You can do what you want to do as the risks are all yours to take. However, testing out with different brokers to see how well they perform is good too. Since some have more trust, lower spread or more support so why not. The're not equal in sizes so that will help us out a lot. I think I will like to test out brokers this way.

I think as a newbie you should try out your skills with a mini account or cents account like at forexcents website since that will help you trade in a real trading environment while let you lose small at the same time so you can gain experiences in a real trading environment. You can then gain experiences and test out strategies in a real environment which will help you a lot later on. I think losing small is ideal and suggested for newbie. Losing cents is better than losing hundreds of dollars so try a mini account first.

I think its extremely useful for newbie to use cents account and mini lots since they have to do that to prevent losses as a newbie since most newbie will lose their first 50 trades anyways so why not lose it in cents so you learn of ways to take profit. I lost at first as a newbie but as I gain experiences and learn how to manage my losses I gain daily in profit so do slow down at first with mini accounts.

If you time your trade and enter the market at the lowest possible price and then wait for it to mature then you have made some pretty good profit. I think timing things pays off. Right before the market open you can buy low and then it will surely rise once market demand is in session. So, I made like about 60 pips today with that strategy and it continue to work for me but its several hours of trading and not several minutes. How about you?

I'm waiting for them to become a little older and more trustworthy then I will post but I have a good feeling about them since they're fully sponsored so that mean that they will pay. Also, the website looks very nice. I wouldn't mind posting just that he only has one payment and we need more than one payment.

My tips are to do long term trading since its easier to make profit like several hours is better than several minutes. You can have more profit and less risk with volatility and always trade during market hours and do not do it during off business hours as there is less trends or movement to trade. Always use stop loss and control your money and loss.