Stekin

The advice will be for the newbie to read extensively because he needs to know Forex before going to trade. Let him or her be ready to commit his or her time to the act of learning because it is only when he or she has shown the commitment to start trading that there will be great opportunity to also start making money because that is the prime of it all.

There is no way going for the very lowest spread will be what will be responsible for you to make what profit you want. But if a trader prefers to trade with a broker that has a very tight spread, then that will be good too. Small spread will make sure that you are not over spending and only end up in sponsoring the broker or patronizing the broker because that is where their own money comes in.

When you are trading in forex, it is good to trade with good risk management plan instead of to trade with the aim of making fast profit. The reason I like forex is that you can be able to earn money in here without making any investment and that is what is more important. It is the best way for the trader to make profit.

That is true and if the trader knows that he or she is not having enough trading skill, then it will be better not to compound because it is the reason why some traders end up losing the profit which they have made before. Compounding is good for traders who can sustain their account.

The trader will be the one that will learn how to trade well and be able to develop his or her own trading system that he or she will use. All trading systems are good and it will depend on the one that the trader wants to use. This thing is the main reason any body should learn on his own.

It will depend on the time frame that I am trading with. If I'm trading on a higher time frame, then I won't be wasting too much of my time trading because I can make use of pending orders but when I'm scalping, I can quit in less than 2 hours.

I will keep on adding broker the more I see the type of broker that I want to trade with. There are different brokers and most of them are good. It is the trader who will have to make the choice of which of the brokers he or she wants to choose and which of them he or she is willing to take aas his or her broker. It is good to choose a good and regulated broker and not just anything that is in the market.

@Rexway, you are correct. It is virtual trading because the money that is in the demo account is not something that you can see and that is the reason it is a demo used for explanation only. When a trader finishes learning in the demo account, he or she can come over to the live account and start trading for profit.

When a trader gets a bonus, what will he or she do with it, that is the question. I like trading with bonus because there is nothing at stake. But it is more important and worthy for the trader to trade when he or she can be able to to use that bonus and not to try to trade when you don't have any knowledge. Bonus are really good for starting trading.

It is good that you do your analysis very well because it is the best way for you to be able to learn very well and to understand the sentiment of the market before you start trading. Forex is not a money making machine, so therefore, all traders should always make a very good trading analysis if they want to trade and to trade well in forex.

In other to be able to pick a good broker, the trader should not be in a haste to select. Look for the brokers that are regulated by very good regulatory bodies. You can know about this when you look at the certificate of the broker which they usually put on their site. That way is the best way to do that.

If any trader wants to earn money trading in here in the forex market, then he or she has to work very hard in other to earn from trading. Forex business is not easy to make money from it and it is only when the trader is the type o trader that works hard that he or she can earn money from it. There is no short cut to make it in here.

It is good that we first of all learn how to trade in forex in other not to see forex as a bad business. If we have the knowledge about trading in forex, then we will be able to trade and make profit from it but when we don't have the knowledge, then it will be difficult to make profit from the forex market.

If the trader has a very good forex trading knowledge, then he or she can take trading as his or her job and be able to make very good trading profit from forex. It is this type of business that a trader can depend on in other to make money from the internet because it will not close one day.

When a trader is trading with psychology or with his or her instinct, then it will make him or her not to concentrate well on the way that he or she will trade will. It works in the same way with emotion and this thing is the main reason why some traders don't make any profit from forex.

All traders will be satisfied with their broker but there are some of the brokers who you cannot rely on in other to make profit. It is better that a trader will try and know the broker very well before he or she will start to trade with them to avoid investing your money on scamming broker..

It is not an easy thing to earn money in forex and that is the reason why there are many of the traders who will keep on losing money in here on an everyday basis. Forex is very risky and it is a delicate business that will make you lose a lot of money.

The trader should be able to find the time frame that he or she will see as effective and make use of it. I like to trade on the m15 time frame and sometimes, I will trade in the higher time frame. Choosing time frame is the most important thing in forex.

@Tray, I agree with you. A trader who is trading with greediness will never benefit anything good from it because with greediness, you will end up losing too much of your capital. The greedy trader will never see The reason to trade with good risk management.

It will be hard if we say we want to trade without having emotions because the forex trading business is a type of business where we mix it with emotions. In other to prevent this thing, we should be able to control our emotions and that is what will give us the courage to trade.

It is the way that the trader understands it because the business of forex will mean different things in the ear of different people. The most important thing in here is that the trader knows what he or she is doing. Buying and selling of currency is the same thing when we say that we are exchanging currency.

Robot trading is useful but not useful for everyone. It is those traders who know how to use it that the trading robot will be useful to. Robot is not what every body is going to make use of because it is risky making use of it. In other to trade very well with it, then you have to be able to know how to make use of it.

A trader can be able to trade without emotion but this thing is also a very difficult thing. What we can do is to try and suppress our emotion. Emotional trading is what do lead some of the traders into losing their money from forex and it is better when we try to avoid trading with emotion.

The reason why it is increasing is because more and more people are more interested in making money from the use of robots. They don't realize that even if the vps will trade for you even when you PC is off, it is the same thing that the robots do that it will do because the robot will just relay information to it and what it will do is just to deliver the information as that robot passes it.

Virtual trading is trading in the demo account whereas real trading is trading in the live account. The trader should be able to know and try to understand these two types of trading and also be able to differentiate when he or she should mix emotion or control his or her emotion. If I'm practicing in the demo account, I trade any how but I don't apply that in the real account trading.