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I agree with forex Has Great Liquidity and Trading Costs are Extremely Low. But for the others i have mixed response. First, It boast transparency which sometimes true but at the same time is not since it gives us anonymity and some brokers even able to create their own market. While Strong trend is sometimes true and sometimes not. Usually strong trend happening after big news and up to few hours later, but if there is no fundamental aspect it is rare to see strong trend in forex even still quite volatile.

I don't see anything i should reply here but people who gain experience must know that they should spend less and make sure to earn more, as much as twice of what they should spend in foreign exchange. Risk is the feature of forex, it is the forex itself so to eliminate something which is the same as heart of forex is impossible.

It is right that we don't have boss here, we are for ourselves unless you trade under a trading company of course you have boss that set target but overall the method and others are free up to you. I love forex flexibility over others, well sometimes it put me in strange conditions but i don't mind, especially after reach my monthly target i will stop trade no matter how good the chance.

I am not addicted to foreign exchange but i presume that there are people who addicted to forex and forget that they have something to be done first. I think someone who obsessively avenge their loss immediately without looking at the current market condition is considered to be addicted, while addicted is not good but i think this is pretty common issue in foreign exchange.

Well this is acceptable that demo account has better start because that is just virtual account, where we can more capital as much as we want. Also in demo account there is no risk, and our brain adjusted with the condition indirectly forcing us to trade in relax manner rather than before and it means we can focusing on trade so much without need to worry about lose or profit.

Offline teacher is better in few parts but also i can say the biggest obstacle for people to learn from offline teacher are first the teacher competency, we cannot find a teacher in our area which has good competency to teach us, maybe we could but not so much as we think, second the price for offline mentor is high and more expensive, and the last offline mentor usually take few students, around 5-20 at most.

Yes radex78 most of them provide it for the sake of getting more people to join the pamm services and what makes it better that there are more investors who interest in forex who want to join and make investor acccount. I think that pamm account is more common nowadays thanks to the spread of forex itself which is faster.

@novarisa: Not some but as far as i know most of them, there are also hybrid broker which is non dealing desk and offer at the same time dealing desk account, they do this just to satisfy all kind of traders who want to make money. So to make it simple, Non dealing desk makes money from spread, Dealing desk broker makes money from client's loss, and Hybrid Broker earns money from both depend on what kind of account the client choose.

Sure not everyone can earn profit some traders make profit, some traders lose their money, few of them even gain what they lose which means they earn nothing. In the end someone must lose while the others make profit. It is such a nature in forex because it is all about exchange and remember 90% activity/exchanging in forex is speculation.

I don't think that leverage isn't useful and handy for the trader. Leverage in trading in fact is one of the most useful feature ever used by traders to trade. Huge trading profit with smaller capital means that trader use higher leverage. This is much helpful because most newcomers don't even have much capital to pull from their pocket with no leverage.

You get the point here, because i think the control is essential, even not 100% because one or two circumstances, just make sure thatn 80-90% from all over your trading must be under your control, You can do this by either set your own SL and TP at most or even good to set your own Trailing Stop. I seldom trade with EA which take your own control.

In the Ending of American session forex trading early few days ago , US dollar is still in the red zone with mixed movement, because the opponents gain strength of sterling and yen. The strike back to US dollar is generally due to poor data reporting will be the performance by the New York Fed manufacturing the region. Fundamentally, the US dollar is still weak by poor reporting some disappointing economic data expectations for the Fed rate hike further this year. And tonight there is some economic data that provide the majority of negative sentiment on the dollar. The dollar index, which measures the strength of the US dollar against six major currencies trading closed 11 pips after it opened lower at 95.73 and rolling positions at the position 95.62. The next forex trading dollar remains overshadowed by the fundamental pressure.

Gold prices rose in late trading Tuesday morning earlier supported by the weakening of US dollar due to the waning expectations that US Federal Reserve will raise interest rates this year. US economic data Friday showed retail sales unexpectedly flat in July, signaling a weakening in consumer spending. The US dollar fell 0.1 percent against a basket of currencies, while Wall Street stocks rose to a record high on expectations for further monetary policy easing over the world. Lower US dollar makes gold cheaper for holders of other currencies. Spot gold prices rose 0.26 percent at $ 1,339.22 per ounce. The precious metal rose as much as 1.3 percent after data on Friday, before giving up gains. While the price of gold US gold futures closed up 0.3 percent at $ 1,347.50. Gold analysis for today is Gold price would be potentially weakened by the strengthening of Wall Street that has the potential to encourage the strengthening of global exchanges. Gold prices are forecast to exceed the range between $ 1,337- $ 1.335, and if the price rises will penetrate the range between $ 1,341- $ 1.343.

Crude oil hit a one-month high at the end of trading on Tuesday before dawn, gained 10.8 percent in the three-day rally pushed intense speculation on oil producing countries efforts to stabilize prices amid a glut of supplies. Data from market intelligence firm that predicted outcome Genscape recall of more than 350,000 barrels in Cushing, Oklahoma delivery hub US crude oil futures last week, added to the bullish sentiment, traders said that looking at the data. US crude oil of West Texas Intermediate (WTI) rose $ 1.25, or 2.81 percent, to $ 45.74 a barrel, after rallying earlier to $ 45.75, reaching its highest level since July 18. Brent prices rose $ 1.37, or 2.92 percent, at $ 48.33 per barrel. Brent has risen about 10 percent cumulatively in the past three sessions. Since early August, Brent increased by about 13 percent. Analysis for the forex movement today is the price of crude oil at the next trade will be affected by the pull of sentiment of optimism the country's efforts to stabilize the price of oil producers with fears of global economic slowdown. Stronger sentiment will affect the price. Prices are expected to penetrate the resistance in the range between $ 46.25 - $ 46.75, and if the price drops will penetrate support at the range between $ 45.25 - $ 44.75.

The global market participants to reconsider the impact Brexit to economic conditions the country who decided to come out of the EU, where economic data releases issued by the government and the Bank of England a few weeks after the country's referendum showed negative performance. The poor economic performance over the past month making the market still leave the pound exchange rate. Pound exchange rate movements in the European session turned out to be dropped against US dollar, after opening higher than the previous trading at 1.29212 in early Asian trade, the pound exchange rate of natural attenuation 63 pips and is now in the range of 1.28856. The pace of further euro will still be overshadowed by the release of US economic data evenings. For the next trade until the close of trading in the end of New York session tomorrow morning, GBPUSD is expected to rise to a range between 1.28554- 1.28329. But if there is a correction will go up to around 1.29510 or lower.

As one of the main rivals in the European region the US dollar, euro rally grew stronger that receive power from the weak US economic data recently released as the Empire State Manufacturing Index from the previous period. The dollar index is getting mired since the end of last week let down gloomy Fed rate hike expectations after retail sales data and a disappointing US PPI. Besides the euro also strengthened by reports bulananan Bundesbank. Although the general economic growth in the Euro area countries fell from the first quarter of this year, but the market saw economic conditions of these countries are still stable after Brexit. Because economists had been predicting a considerable decline in GDP exhibited significantly these countries but the data reported higher statistical office. For the next trade until the close of American or New York session tomorrow morning, EURUSD is expected to rise to a range in between 1.12099- 1.12255 or even higher. But if there is a correction will come down to around 1.11492 even lower.

Japanese yen opened higher in early trade on Asian session weaker after the government announced the Q2 GDP this year is lower than the previous quarter. The US dollar was weak fundamentals have experienced a technical rebound and the yen would be a negative move until the American session. Technically USDJPY will rise steadily to around 101.77-102.33, but if it does not reach this range then the pair will move back down to the range of 100.77-100.02. So i argued that the normal range on the USDJPY pair is estimated to have the support level at 99.78 and the resistance level at 102.85.

US economic data reports tonight as the Empire State Manufacturing Index and NAHB Housing Market Index less soothing global financial market participants, so that they sell a lot of dollar assets and hunting assets yielding lucrative. Because expectations for Fed rate hikes continued growing frustrated after last weekend economic data released (PPI, retail sales, UoM consumer sentiment) below expectations. And expectations of Fed rate fading after data released this evening. This sentiment makes the main rival of US dollar as Aussie rate increases, especially supported by rising government bond yields back and companies - private companies after a stressful weekend. Aussie managed to rebound until the American session tonight after last weekend plunged to severe erosion of the country's bond yields. For the next trading session to end of New York session tonight i estimates that AUDUSD will continue to increase up to the range between 0.76926-0.77037. But if it does not reach these ranges will be down to around 0.76190.

Crude oil prices rose on Monday in Asian trade and has increased by more than 10 percent since the beginning of the month due to the intensification of speculation about potential actions to support producer prices in the market oversupply. US crude oil futures price of West Texas Intermediate (WTI) was at 44.65 per barrel, while Brent crude traded at 47.10 per barrel. It is estimated that the price of crude oil at the next trade potentially strengthened dollar weakness also helped the sentiment outlook for discussion stabilization OPEC. Prices are expected to penetrate the Resistance range between 45.20 - 45.70, and if the price drops will penetrate Support range between 44.20 - 43.70.

The price of CPO in Malaysia commodity exchanges in trading Monday afternoon was observed to rise. Strengthening this afternoon CPO pushed the price because of the Crude Oil price. CPO price most active contract on the commodity exchanges Malaysia today seems to have increased. The contract price in October 2016 which is the most active contract rose as much as 79 ringgit, or 3.03 percent and traded at 2,604 ringgit per tonne. It estimated that the price movement of CPO futures at the next trade potential to strengthen the potential of strengthening crude oil prices. CPO futures contract prices on commodity exchanges in October 2016 Malaysia has the potential to test the resistance level at 2,650 ringgit and 2,700 ringgit. While the level of support that will be tested if prices decline in a position of 2,600 ringgit and 2,550 ringgit.

I recommend to do that since that is more feasible way rather than waiting for something which will only lead to more losses. The endless debate about this versus won't come to an end but what is funny that real account will be the final place, that is where we are all trying to get money and become the crucial part of our trading.

@gaban: Of course by taking that we will have more benefits compared to other traders who do not have a bonus. I see this is a good start for anyone because of the more capital they can spend for trading but in the end it is a trader's skill and experience which will decide the outcome of each single trader that trader execute. Will it be profit or loss all depend on trader's skill and experience.

One of the good answer so far. Lack of knowledge and experience surely a troublesome issue not just by me but also by others, sometimes i feel powerless because of this. Anyway this is not something that all traders see, i even find out some laymans even see forex as gambling and treat it differently, one of the worst said that forex is "money game".

Well you can say like that there is nothing wrong with forex just gambling but i am sure that many people including people who posted above will disagree with you. However, i see that forex is neutral. If you want better earning in forex then treat it as trading, i see that it is all depend on the way you want to treat forex as what and why. Forex won't be just gambling if you act like trader and not as gambler.

The biggest mistakes, right? Risk management is certainly very important, every trader should know about this. If i think it once in a while one of the mistake which many traders made other than the error of emotions control , that trader also don't care about the risk management or money management at all. RM or MM is important in this case we lose so we don't have to burn our account.