euro

I prefer both actually. You need to know technical but fundamentals will help you make more profit if you can predict the movement in advance. Fundamentals will have a lot to do with the technical. You should trade when there is a real movement if you're a scalper. Now, its hard to trade if you don't know the technical side o fit or know how to read the chart. You should know how to read charts so you can trade better.

Yes, there are significant risks in forex. Its easy to lose a lot of money in forex so you have to beware and not use high capital or leverages or else you will lose money. You should practice in a demo to avoid considerable high losses and you will be able to use it to test out your hypothesis and then use it in a real account. You should also choose a trusted and well known broker and only leave little money in those account.

This is my strategy. I trade on Monday or business days as there are more trends movement. I trade when there is a good bullish trend and I buy more than sell upon entry. I also know when to enter and when to exit. I use stop loss. Stop loss helps me a lot. It helps me when to exit the trade and when to enter the trade. I read the graph only and so far it works for me. I use a few indicators. I keep up with news to catch all the price changes and movement. I trade during Asian market time.

Well, pairs have different movement all the time. They will move all the time according to the market so you could possibly make money all the time and its not just a one time deal. Now, the pairs will move according to news and politics. Lately, the Syria war crisis caused the Eastern Yen to fall and the western dollars or euro to rise against the yen and created a lot of movement that is profitable so you could have made money there. The euro against the usd or yen is quite good with trends.

I think for me its brief cause it takes too long to go up and I can't wait that long. I think I'm able to make money in short term and its best that way since its too unpredictable in the long term. Also, long term is too long for me and I don't have that kind of time to invest in it. I think if someone has time they can actually sit there and try to build interest rate on long term investment too.

I think giving someone something like this isn't going to work. I think the market changes all the time and by looking at the graph you can decide when to sell and when to buy so this is not necessary all working for every trader. I think they will need to establish their own strategies that will work for them. I find something like this hard to use and I only look at the chart to buy or sell.

You can if you have to step away from your pc since I always need to do something you know. I can't sit in front of the screen forever without getting some water or going to the restroom or answer a phone call so I try to use it just to prevent large loss or if it dips. It always dips within like a fifteen minutes zone so I know when it dips almost all the time so I do take profit or else it will dips but trail stop is good too.

Well, your strategies is refined daily by the current market conditions. No two days is ever the same so you will have to trade accordingly. Your strategies could be refined in a demo where you get to trade and see if things work out or not. The best of any strategy is to prevent large losses and to gain profit. Now, if you don't use stop loss, it will hurt you a lot so use stop loss to prevent large losses.

Its dangerous cause when the trade is going against you, you will get margin call and you will lose all of your money when the broker take back their loaned balanced and the money that you have to cover for the losses so the larger the losses the more they will take from your deposit to cover for the losses so your account will go to zero for sure but if its lower, then the loss of you account is also lowered.

May I add that forex is a very risky business. Anyone can trade but not everyone will make profits. You will have to learn all that you can before you make a real profit. Its better to trade as a knowledgeable trader then to not have anything at all. You will need to practice in a demo until you can see that you know how to take profit then trade in a real account and then use a cent account to prevent losses and see how well you do.

As a newbie, you should invest with bonuses instead of your own money and post in forums for bonuses like forum.tradersunion.com or instaforex or mt5, and there are many of them. I would suggest using low capital and low leverage to avoid large losses. I would also suggest using stop loss and also take profit. Also trade when there is a good trend like weekdays and not weekends and holidays.

No doubt, there are many scams online and when there is money to be made, they will scams you in all possible ways. I will read reviews about products before using them. There are many hyip programs too. I'm also wary of those kind of scams. There are even scams with brokers too who freeze your account and not let you withdraw your funds. So, I've also heard of hackers into instaforex account and then empty their account. Your best bet is to put minimum amount of money in there and not a lot so you don't get scammed.

That is great news. I checked them out but they said that I have to pass their simulators. I'm not in the mood to pass any exam. I just want to trade. So if you're going to be giving out bonuses just forget about exams. I don't think traders have patience for that. However, thanks for sharing though. As a newbie, you can open a demo with any broker and dailyfx.com has one and they're not a broker so you can play there as well. Now, etoro is also a good platform if you want to copy traders.

I've been trading for couple of months but I'm a very cautious trader. I make some gain and some loss on some occasions. I trade with little capital and bonuses. I do get some profit and sometimes I make some money while other times I lose money. I think newbie should trade with lots of caution and use low leverage and low capital. I can see that there is opp for profit but also opp for loss as well.

I see no need to do that as you can trade all you want with one broker. However, if you want to test out for a better broker you can do it that way to see if they do perform better than the other ones. Too many account will get you all greedy and you will open way too many trades and lose more anyways. I suggest that you calm down and don't do way too many trades. I think always striving for a better broker is ideal.

The website is now back and I have cashed out twice already ten bucks so I'm very delighted at this website. The staff is friendly, cool admin. I will be waiting for them to get back up. I think they're working on their hack messages. They got hacked but I'm not sure. However, they're paying weekly as said by mod. Minimum and max payout is five bucks and they pay via payza at this time and pm too. There are so many topics to reply to. I love this forum so much and I already made like twenty bucks already and have like three more pending cash out and I love it. I would recommend all to post there and build a forum for all of us writers.

I guess you can use multiple pairs since the market is different all the time and even if your good, favorite, performing pair won't perform at all condition so stick to what works. You will decide for yourself after some experimentation with the trends. Some day, euro/usd will not have good trends but with yen it does so I guess I will look at the chart and whichever has a good trend I will trade it. I don't limit myself to one pair only.

Yes, they have to know all the jargon for trading or else it will be hard for them. For example, they will need to know trading terms like take profit, stop loss, moving average, indicators, leverage, news trade, fundamentals, interest rate, inflation, economy news, political news, demand and the best pair to trade with. They will need to keep up with news to try to catch the best trend to trade in. A stop loss is really important term cause it will help you save a lot of money by placing a stop loss number so you don't lose more than that.

Yes, steady profit is better than losing it all and never have a profit. Its best to build a strategy to have steady profit daily. gaining a little bit of profit daily is better than nothing at all since some can lose every day too. I rather earn a little each day. That will add up somehow. Slowly but surely. I prefer to earn something at least so I just invest modestly.

Well, you need the fundamental and the technical knowledge. You can go to babypips.com and learn more about it. It will has a lot of info for beginners. Also, you can read on dailyfx.com and it has a lot of fundamental news and articles. For example, you will need to know the different pair of currency and then you will need to know what stop loss is and what money management and what risk management is cause those are important. You will need to know interest rate and inflation. You will need to know bullish and bearish. You will need to know take profit and moving average. You will need to know demand and supply or need to know news trade. They're not hard and you can learn them.

Its pretty hard in a real trade since you don't want to lose money so you get really hesitant about it. Also, when the trend looks so uncertain, you might have a hard time jumping in and jumping out and trying to profit from it. You might want to but you're so unsure and so afraid of losing money as well. It can be hard for a new person since they don't want to lose any money.

I do take it as a business if I can make a lot of profit from it. If I have time to do it. I think you can make it a business but it has so much more risk than a business though. At least in a business you will have steady gain without much loss and you can control all of it. You might not be able to control all of that in a forex trading. I think forex is ok for side money though.

You can get profit from forex by trading in a good market, and use good risk management and money management. You can also get good profit if you know when to jump in and when to exit. You will also know which is a good pair to trade. You will also know when to exit a trade and where to put stop loss. You will know how much money to trade with and how much leverage to trade with. you will also trade when there is a good trend.

I do not have a daily target cause its too difficult to tell. I would not know how much I can make or lose. I just hope to be around hundred of pips and that would be ok. I do not go to thousands since I will not risk that much money. I also do not use high capital or high leverage. I only hope to make a steady, surely profit so that will yield better results. I think making a couple of hundred dollars is good enough for me. Its better than losing a couple of grand.

Mistakes they will make include jumping in too fast and then not use a demo. They could also have a lack of knowledge and trade blindly with little knowledge and then lose money. They're not good at predicting the market and the news so they loose. They are not good at controlling themselves or losses or use loss measures to keep from losing. They do not use stop loss. They risk high capital and high leverage.