euro

I like both. As a good trader, you will need both in order to trade well and you can't go without one of them so learn both of them. We need more than these also in order to be a good trader. A good trader would use all the help he can get in order to be successful. Good trading comes when you can do it like a pro and catching up wit news and things allow you to be more of an informed trader.

News create crazy trends and so dangerous for long term trader too. Its a time to sell for good pips but too high to enter for the long term. If you enter high and it might just sink in a couple of minutes since its so erratic, you might want to stay away form it if you're a long term trader. Now, watch out for news daily and you will do well. News can empty your account really quickly or give you some really good pips to trade.

Good posts. Yes, we need to know a few things about forex in order to do well with it. First, forex is the online earning market for everyone around the globe. You can get started on it if you know how to trade. You can learn more about forex at youtube or webiste like babypips.com. the more you know the more you earn. You do have to have good knowledge or else you will not earn that much. Forex is a money making machine but it takes skills and knowledge as well.

When there is money on the line of course we will fear. I think we can control those fear with stop loss and also knowing what to do and how to react to bad trades. I think there is not much fear if you did not invest a lot of money into it. If you did invest a lot of money then you might fear more. So, do not throw all of your money in one basket and you can do better that way. The higher you risk the more you fear. The less you know the more you fear. Once you have gain experiences, there is nothing to fear about.

You do learn about it in Finance major but they don't necessarily encourage you to trade though. But you will hear about it and know the basics but they won't teach you how to trade. Although they can offer such a course and charge you for it but they do not cause forex is too risky so they might not want to teach people of such a thing though. I think College teaches you what you can learn in order to make improvement in your life and not to cause you risks or lost. However, there is no reason to not be able to offer it though. I mean do you see college have courses on how to teach you how to gamble pokers, same deal?

It depends on what your country is. In the US, you can easily sue them just for anything really, like LR, problems, you could have gotten your money back if they were a US broker. Also, I don't know how much the court system is honoring forex in your country though but in the US, its heavily regulated so you will be able to gain your lost back. Now, you can sue if they cause you lost in money by their unethical or scammy practice, very possible to sue.

Well, you can make money in scalping and there are many who do scalp for the long term or that is all that they do in forex as they want to make quick money. There is nothing wrong with scalping. Its very risky but rewarding at the same time. You make quick fifty pips easily on every ten minutes so not bad for quick gain of money. I mean its easy gaining profit so why wouldn't' we want it ha. I think you can do short or long term as long as you control your risks and losses you should be ok.

I prefer manual trading versus robots. I don't do well with robots and will not do robots. Also, Robots have limitation. We as human are so much better than robots. I think if you learn how to trade you will make more money than bots do. Bots are expensive but they don't really help us earn that much. I prefer trading on my own. Also, you should learn to manage all aspects of trades as that will make you a successful trader. Forget about using expensive bots.

You can use long term trading strategies or short term trading strategies. You can scalp or copy traders on Etoro or Zulu. There are many ways to make money in forex. one of them is to scalp when there are news out there. When there is news, there will be opp for scalping. I guess my best strategy is long term since short term is not that ideal and very risky although quick money can be made.

Managed account is kind of risky as well. Yes, you get a bonus but then you will get addicted and start to deposit your real money and then lose it as well. I like to not use it. I like to use non managed account. There are too many fishy things about manged account, so sorry but I rather do trading for myself. I also prefer to copy on zulu or Etoro but not pamm. I dislike pamm a lot.

You either enter at the lowest price to buy low and then sell high or you scalp. So when you get a signal to buy or when you spot a trend to scalp and you think you can make good money from it then go ahead and then scalp it. So you can make some money from scalping as well. There are opp to scalp as well. Either way you can enter when there is an attractive price that will help you make money on the market but just don't enter when its too high since you might not make as much money from it.

Read reviews about them on Google and you will know everything. A bad, scammy one will have plenty on Google so dig them and dig those scammy stories out. I love reading scammy stories. I'll tell you one about fxcm, some traders have a youtube video showing hidden charges that fxcm took out of his account all the time and he was pissed you can research that on Youtube. So they will have like snipping and then high spread so watch out for that. But do read real users reviews cause promo is just sugar coated, not to be trusted, when you start using them you will see the real dirt.

I've try to join Zulu. Its popular and just like Etoro or so but I see Etoro as a better pro than Zulu. There are more successful traders on Etoro than on Zulu. I like Etoro more. You can log in with facebook on Etoro even. Its a huge social network for traders and there are traders on there who have like almost one hundred percent correct trades or profitable trades most of the time so we are looking for that. Also, I believe you will make more money on Etoro than Zulu.

You can buy low and sell high or buy high and sell higher. You can make a profit from the differences. WE all are here hoping to make extra money from forex. Forex is a money making machine. You can trade for yourself or trade copying someone else like on Zulu trade or Etoro. There are many ways to make money in forex. You can also do Pamm but be careful of pamm scams though. HYIPs are scams as well. You can do short term or long term trades.

I guess as a trader you will have trades where you think the trade will move in your direction but then it moves the complete opposite and you woke up to find out that you lose like 80 pips or so. Well, this is the reality of forex. You might sleep and then your prices lowered significantly so when you wake up you know that you have to wait for another day for it to go back up so do't be surprise when it does. Have you had such experiences?

Yes, a demo would be better and help you gain real trading experiences. You can browse forums for reviews on brokers or read from personal trading experiences as it might help you also but do filter all the spams out as well. Follow pro articles as they are more helpful. Also, trade a cent account so you can trade in a real live environment and lose little since your first few trades are losing trade so don't lose with real money now.

Now, I think experiences count just as much since you made fifty losing trades you will now know there are fifty way to lose and you shall never make them again. Every time you gain experiences you will never repeat them again. I think education will also prevent you from making poor mistakes and impulsive moves. I think being like a gambler will not help you at all in forex.

If you want a good trading plan, try to buy really low and then sell high. Long term trading for at least one day is also good as the profit is much higher in pips. Also you should scalp but buy really low and sell in time so you don't lose. Copying successful traders on Etoro is a good one too with traders over 96% successful trade rate so I would not mind copying them but I can always trade for myself. Now, if you are not good you can also get mentoring or help out there to become good and ask questions if you have some.

The easy way out is to scalp but its also very risky. You can earn like fifty bucks in ten minutes but you can also lose fifty bucks in ten minutes if the market somehow does not behave as you expected and you fail to exit the trade or use stop loss so the loss is on you. If you scalp carefully and know what you're doing, you can make good money from scalping. Scalping is the quickest and easiest way to make money in forex but also very risky as well. Easy come easy go in forex. However, its easy to do long term as well since naturally the price will go up and you will make money.

Its too risky if you only have one source of income in forex. Forex is not so stable at time so you're kidding yourself. However, if you work and trade then its a double whammy since you will not be hasty in forex and can earn more in long term trading. Notice that you earn more in longer term trading like holding on to your trade for one day to four days or several weeks.

I think its easy to do long term since if you buy the lowest the price has no where to go but up on open market hours so you at least make some pips per day. I believe its easy to earn with daily trading and not scalping. Now, you lose more with scalping and its less risky with long term trading but many are scalpers and that is why they lose more money. Scalping is very risky so be careful with this style. I think forex is only as easy as you make it to be. Forex can be easy if you know a lot of good strategy. One of them is long term trading. The longer you trade the more money you make.

A real trading account will be so much more of a learning experiences when you learn some basics in the demo already. Try forexcents cause you will be able to do real trade with cents and if you lose in cents it will only be cents and better than dollars. Also if you do gain you can gain in cents but its less risky and you should practice that way and it feels good to gain real money cause gaining fake money is not that fun in a demo. Try a mini account.

Yep, I recommend also copying successful traders on Etoro and its better than robots since those traders have over 96% success rate you will be able to reap some profit from their pro skills. I know there will always be better traders out there than me. I'm not as good as they are sometimes. I also recommend just learning and trading for yourself since just learning something about forex you will be ahead of the bot already.

Money management is like only using some money to trade and not put all of your eggs in one basket. You can lose all that way so its better to lose just a little bit of it. You should lose only a little bit of it and not lose all of it. When you gain profit, same some for personal spending and not use all of it to trade again. So little by little is better than using all of it to spend in forex. Also do not use high capital or high leverage so it will wipe out your account in margin call.

Just watch out for spams ok. In some forums, they have nothing but spams. There are a lot of low quality forums out there where some posters do not have good knowledge or skills and just asking questions like any newbie out there. Try pro forums like forex factory and such or dailyfx or broker's forums where there are real live traders with more experiences who can give you better feedback. I think its good for you to be able to pop questions in forums as its better than some article website where you can't ask questions.