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I think its an excellent post since we all need a back up plan. Its not wise to not have one since our society is continually increasing in cost and retirement is hard so we all need a back up plan. We don't want to live in a low quality nursing home and get abused by the jerky staff. There are so many low quality things in life as we get older and money will always help us so do put away saving and have a home and have plenty of education cause no employers want to hire someone without an education.

This is an excellent post. Yes, those are some of the questions that we must know as a rookie. A newbie would also ask themselves if they know how to set their trades right cause not setting it right would yield to all losses as well. For example, not using stop loss or not taking profit when you need to step away from your screen is a risk too or trading in a poor market or trend or the wrong time. Some of these are things to ask as well. Also, they need to know the current market news and condition in order to understand long term movement of the price curve.

I think its great when we're not home and we can look at the trades results. I think it helps keep us up to date. Now, I can't trade on a mobile phone and no matter how easy it is. I can't trade it since I need a good laptop to keep control of my work station and I can jump in and out and don't have to worry about battery or my phone going to sleep on me. I think trading iwth a laptop is so much better since a phone is somewhat limited.

Now, Etoro is a trading platform that offer its services to all international users. This platform is so different in that you can copy successful traders on there if you're weak in skills and can't make a profit. I'm not saying that its a guarantee but you could try and there are a lot of copy traders on there. Its something to check out if you're interested but you could connect with lots of successful traders on there to share and learn.

Like you say, profit is profit and we should be happy with that and better than losses. Of course, as traders we all lose in our trading life. We all lose but we learn and not to make losses again. Its better than being greedy like a gambler and then open all the trades and lose them all at once. Of course, we must be happy with steady profit and continue to make them. Profit is better than losses.

Of course, the only way to make real money is to practice as much as you can and once you see that you can potentially make money then you can go ahead and use a real account. I think a demo is so useful and its there that you will make all of your mistakes and then learn how to take profit and then test out your games as well. We can all use it even when we have a real account to continue to test out our hypothesis.

Just like you say here, there is no way to eliminate the risk fully. We would all retire if we all could eliminate them. Of course, there is no way to escape from risk. Forex is indeed a very risky business and yes we can minimize loss by practicing a lot in a demo. Now, after we lose money in a demo, we will then not do it in a real account. Forex calls for details to attention and even the little details could cause you to lose money.

I think you're right. The more time you spend on it the more you will reap from it. Of course, you will also need a quick mind to know what to do and how to take profit and howto manage your losses and there are some that will be slower than others of course. Or there are some that are so bad at it that they just don't stay patience and act like a gambler and open way too many trades and then lose lots of money. I think the more you know the more you will gain profit.

I think I agree with you that not every day will we get a successful open trade and we might lose so its wise not to trade all the time cause there will be bad weather. Its good not to trade all the time since there are only certain time when there are good trends and certain time there are bad trends. I think it will all depends on each trader but its best not to be impulsive and only to open trade when there is winning.

Well, if you haven't used a demo before then its time to use it cause its a requirement in order to help you make more money out there. Its the best tool to learn how to make profit and learn how to avoid losses. In a free demo account, all is free and money is fake so you don't lose real money but the practice is real and the chart is real and the loss you see is like a real trade but all if with fake money. Certain things in demo is a little different but mostly the same as a real account accept that you get to leverage and also lose real money in a real account.

I think you're so right about this. The only way to improve skills is to use a demo but reading from experienced investors will give us a chance to improve our knowledge and learn from their mistakes. I think also that there are a lot of valuable lessons from scams stories too but the only way for you to improve your trading skills is to use a demo cause it will help sharpen your thinking skills and help you see where and how to take profit. Also, there is a lot of spams in forums too so it doesn't mean that the spam is trustworthy either.

I agree too that the larger time frame will equal less losses and risks. But at the same time, newbies will have a very hard time waiting for a large time frame and not knowing what will come there way. They will least likely to do long term since its boggling to them but at least with the short term they can see the trend right away and able to scalp some money off of it. I think long term takes skills to be patience and wait for the right trend and all the setting must be close to correct too.

I agree with what you say here. We can reduce our gambling luck if we have a demo practice and we have skills. So if you have skills then you will not be like a gambler. All traders must go through demo cause without it you can lose lots of money. When we have lots of knowledge then its not like gambling since we can control a lot of losses and able to take more profit and reduce more risks.

We can leverage with the broker if we are looking for large capital. Now, leveraging is ok, but its risky so leveraging will give you large capital but at the same time you would lose your deposit just as fast if the trade goes against you and you get margin call. So leveraging or trading with large capital isn't always ideal but moderate capital is good. There is no way to prevent a loss and all trader will experience losses. Also, we do need loss management and capital management in order to keep some of our profit.

I just got paid today so I'm happy via paypal. I'll be making more post there as its unlimited so rare to find beside moneytalk village. Now, moneytalkvillage has been hacked but they will be back soon. I guess they do not pay for junk post here. They took out evelen of my post and about the same amount for most posters. They subtract them out so we don't get full pay but its still better than nothing. As long as they pay which is better than some forums who pay like once every three months.

This sounds really good. You should put some referral link here so we can click on it. Now, I'm just like the rest of the people who are always eager to learn more about forums. Its exciting to be able to learn more about forums and to participate in it so this is a very good post. I'll be sure to check it out and sign up. Now, the 48 hours payment is great since that will recruit a lot of users fast for fast payment.

Thank you very much mod Yogesh!

Trend is everything to me. I only trade when there is a good trend. Good trend will help us in profit. I always look for a bullish trend of course before I jump in to buy and there are plenty during good business hours. Now, there are plenty during business hours and not during weekends or anything like that. I think it helps a lot cause other things do not help at all. You can see if there is a chance for a profit and then you jump in and trade. I only read trends in order to trade and I read all of them.

Its a nice forum. I guess they might be updating security or something like that. Who knows? Well, moneytalkvillage got hacked in by a syria hacker and post a message with Syria president and no one can log in or get pass the message. It was really slow to load so now mtv is down to fix it. I hope that these forums have good security or else they will be hacked into. Now, I'm excited for it to be back up cause I like to post there as well.

Yes, its very harmful and more so when they make the wrong decision and suffering a loss and had too many open trades with high capital. This should always be avoided. They should trade with proper trade risk management and many don't use it. There are some that risk high margin as well and it will cause them to lose all of their money.

Username: Euro Points : 300 Processor: Payza Id: pepperca80@gmail.com Thank you mod and admin!

You can learn from so many places online like babypips.com or dailyfx.com or forex.com or investopedia.com or youtube. Youtube has so many seminars videos and live trades so they're a good resource as well. Just watch and you will learn a lot. One video is equal to many articles. Now, you can go on to forums and read from experienced investors and then ask lots of questions as well. You will also be able to read about scams and such on those forums.

Yes, I do use stop loss cause it helps me put stop loss. I have to use it if I don't want to lose all of my money. I certainly do not want to lose all of my money at one time. I usually use like a 20-30 pips stop loss. Its wise to do so and we can prevent a lot of losses that way. We can prevent all of money from draining to zero. This is also crucial if the market is too volatile and that you need to get away from the screen too. Now, some people wipe out their entire account without using it so make sure you use it.

I'm more of both. I trade when there is a trend since I'm a scalper so I will trade for short term only so long term indicators or problems don't concern me. I will be in a trade for five minutes or so and it does not matter to me. I tend to watch news a lot and if there is a wave I will jump in and scalp some money. Now, there are always a great chance to make money during trends for news releases like the recent Syria releases, I was able to see a lot of profitable trends.

Thanks for this articles. I do trade news and many also trade news. Its when news is released that we get to see a real moving bullish trend and then it might drop but we will see bullish trends to trade. Now, when we see those trends, we can jump in and scalp some money and then jump out. News can be a source or indicator for the trader and we can make money during news time.