euro

I guess so waiting for awhile to get success is like better than nothing at all. I will wait for success. I think we gain experience with time and experiences will let us make more money. I think we will learn how to make profit with time too so I think time will allow us to get better as trader. I'm seeing more and more each day that I gain more insights in trading and I'm able to make better trading decisions than before. The fundamental also sink in and that allow me to pick and choose the best.

Some tips of mine will be to use a stop loss in all trades. You should to avoid all losses and losing a little is better than losing a lot. Always take profit when it hits the top so it won't go down and you will lose or have to wait another hour for it to turn upward. Always trade at the right market time. Sine trading at the wrong time could lead to losses. Always trade with highly demanding pairs and low spread pairs and good brokers.

Of course, we have to use stop loss or else we will be doomed. We need to use stop loss so we can make sure that we only lose a little bit instead of a lot. I rather lose 20 pips than 100 pips right. This is why stop loss is essential and if you don't use it you will blow up your account. I think leaving a wise margin is also essential since it will allow you to take profit and not have to get kick out of the trade way too soon.

To prevent loss use stop loss on every trade and set them wide so you can at least have a chance to take profit before you get taking out of the trade. You should take profit before it turn against you. The market will not go up to infinity so when you feel like they're at the top top you should take profit if you're scalping. Make sure you use low capital and low leverage as well cause if you get margin call you will not wipe out everything. Always trade at the right market time, and there are some market time that are just dead beat so avoid them like early morning non business hours.

Most newbie will lose a lot in their first few trades so this is why a demo is where you would lose those first 50 trades. I feel like any newbie will lose in their first 50 trades. If you're a newbie, you will lose a lot of money. I think trying a mini lot will also save you from losing those first few lost. I guess experiences will keep you from losing. I din't lose that much since I use a mini lot and I also trade only when there is a good trend. I also practice a lot in a demo. I only lose like ten bucks the most I think. I made it all back though.

Amazing but the US and European market isn't working for me. I only see profit in Tokyo time so I'm here in the US sitting her trying to time the Tokyo markets. Its like the yen is my safe haven and I've earned really good from it but not US or European. Why is this? I will try to wait today til noon to see if business will kick in. I guess I have to wait for a demanding time. If you want to try 11am Tokyo time, you will see tons of bullish trend to scalp from.

I think scalping works well for me too. Scalping can give you some extra money when you need it. I'm into little time so I will not sit there for days waiting on a trade, and only when I have time will I do that. I think investing in just a little of money is better than a lot of money. I think forex is great when we can earn in five minutes. I think that is all the time that I have. I can take profit easily in a scalping method and its easy to see that way.

I would have to say the same thing about earning on forex. I think its a business for the pro. I mean some make like $20k a month so that is better than a business don't you think. However, I'm not having any luck at all in regards to making a huge business out of it. I can make some money but not a huge business out of it. Although it would be nice to make a business out of it someday.

I think bad timing could definitely affect your trades. I have trade at bad times and found that I've lost a lot and also there are no good trends to trade. So I avoid those early US hours cause the US business hours are not in affect and its like trading weekends. So, I can trade NYC hours or London but they seem to be slow too. I guess Japan hours are the best for me. How about you? How has hours affected your trading?

I guess we will always need a plan when we trade. I can see that without any kind of clear direction, we're setting ourselves up for failure. I think if we want to succeed we have to have good plans. plans are like the maps for a trip out to sea. We will get lost without a map and never be able to come home. Like me, I know I can never trade early morning hours cause there are no trends or off business hours as there are no trends. Its hard to earn that way.

I don't think a forex trader can earn when someone trade for him. He can but that is more doubtful than trading for himself. I have not heard of many swelling results from pamm or managed fund. As a matter of fact, we lose our money easily in this type of investment. They can easily suck your money away and say that the trend is bad so you're doomed. Why should they care? Its not their money so they can waste it away.

Forex can be for the pro or the talented or experienced trader. If you make profit daily, there is not reason why you can't continue to do that full time. Forex is magnificent and we can make a full time income from it if we have enough knowledge, skills, talent, experience, discipline and capital. Forex is way too easy for the pro so they should make a full time living from it. Why not? If you got free and easy money you should take it.

That is right, forex is not that easy and requires dedication and learning. Forex requires you to be a disciplined learner and hard worker who pays attention to details. they required you to catch on to trends and to remember good patterns. You do need to learn as much as you can since its not a blind gambling kind of games. Forex should be taking seriously. Forex is possible if you work hard at it.

Yes, we should control our greed as it will harm us and lead us to behave like gambler and forex is not a place to gamble. We must make good decision on every trade. We must know what we're doing. We must not lose money. We should build consistent profit and don't get all impulsive and open way too many trades and not go to sleep and then open trades in a bad market, as all will lead to miserable losses.

Have you experience any copy trades at Etoro? How was it? If you can share your copying experiences and if you think they're worth it or if we should just go ahead and trade for ourselves. Can we do better with ourselves? I think I like to copy trade if it works but the US clients can't register with Etoro yet and I'm very curious about your experiences there. Please let me know.

Have you had any luck with the yen? I've had a lot of luck when trading western currencies against the yen like usd, euro, gbp, aud, against the yen. There have always been many bullish trends for me to scalp. I think its great for short term trading. Have you had any luck at all with the yen?

Yes, I think I like this scalping strategy. I can make quick profit and do not have to wait around for all day long. I prefer to do scalping cause of my limit timing. I don't have all day to watch a trade nor can I afford to sit around and wait and I have other things to do. I think this strategy works well for me although I also have luck with long term trading. Long term trading also help me gain more profit and reduces my risk. I guess if you have time then try long term trading.

I think mini lots are so much better for newbie since it reduces your risk. Mini lots are also less risky for everyone. I prefer mini accounts and cents account as a new trader to get my hands wet on the forex market. I would also recommend that for new trader. I think high risk is not for the newbie. Mini lots are great for a start but it helps us relax since we are in no worry if we lose a couple of dollars. I like to lose less and its one of my strategy in money management.

I've heard that robots are no good and not effective. Robots are also too expensive but can't think like us and there are limitation to them I've heard from reviewers. The seller just want to promote and make money but robots are awful according to a lot of traders. They say that you can set only certain thing but in manual trading you can set whatever you want. also, we can have strategies that are better than robot since its a programmed, it can never be as good as a human being.

No forex is not the same as gambling since forex is in your control sometimes and there are many factors that you know before hand and then there are other factors that you do not know before hand so. For example, in gambling , you do not know what your cards are and you have to play with bad cards that you're dealt with. Now, in forex, you will know if the trend is bad so you don't jump in and trade so that is control and if you do trade in a bad then its your fault. Simple as that.

Thank you very much admin!! and Mod!!. This is a lovely forum.

MTV is back to all of you who were posting there. If you have pending payments, you can go there and check it out. I'm so glad that its back. They're were down due to attacks from hackers. What a hacker anyways? So, I hope you all will come back and start posting there. Unlimited posting, high rate, three cents per reply, plenty of topics to talk, a very fun website. Hope to see you all there.

I think you can earn in forex and not all of us will lose money. While some newbie keep on losing but that should not discourage anyone who has good skills and can profit from it. I think when it comes to forex, its all about education, experience and skills. Your intelligence and analysis will also set you apart from the ones who does not gain profit. So, I think if you want to gain profit, you have to keep on refining your skills, practice a lot in a demo and ask if you have good skills before you trade. If you have self-control, you will also make more profit versus acting like a gambler. What do you think?

I like bonuses and I think its helpful to some new traders. They could use the new bonuses. Now, bonuses are a great way to practice trades in a cent account. I guess you don't have to lose a lot that way. Also, bonus is a great way to add to your deposit. I tend to love brokers that give bonuses and I'm from the US, and the ones here rarely do that. They should give out more bonuses.

I think its best for newbie traders to not be totally dependent on income from forex since its harder for you to profit right away and also you will get mentally in trouble if you depend on it and you can't make profit so it becomes extremely unhealthy. You should only do it as a side gig and keep your day job. I think as you have another source of income you're less likely to get all greedy and mad and open losing trades cause you need money or depend on it. This is what I think is best for new traders. What do you think?