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But many already do that, well even they are minority but that is a lot of testimony to hear. Still it is divided, some prefer stock over forex especially spot, while others prefer forex spot over stock. In the end it is both which actually interconnected to each other and from my own perspective Stock has its own advantage while FX also has its won.

But to save the time we need just work, adapting to the new technology is fine but if you spend much more time to install the environment or to make yourself familiar with the data and commands inside of your terminal, will that work? That surely work but consume much of your time and it is not efficient way to change from metatrader terminal to for example ctrader but if ctrader is easy enough then metatrader would be left alone.

Actually, a simple technique is preferred by many traders because the technique itself is simple and easier to understood, some people usually choose that kind of strategy or technique because they do not like or things complicated to bother itself including a strategy to trade in foreign exchange. Just like scalping techniques, which is simple enough and not as complex as some other techniques/strategy.

Do forex robot trading works? TLDR YES Quite long answer is that forex robot is an expert, it is an expert advisor created by converting human knowledge to analyze the market and then act naturally by it. If i want to create a robot i will create a robot that connected to 3 or 4 trustable economic calendar. That robot will analyze the result based on the set of criteria i've been set, once meet all the criteria then the robot will act and buy or sell deend on the result. It is basically doing nothing if the criteria don't meet.

You mean the hedging trap? Well if you are as trader from the start doesn't make any mistake by open at the wrong time i think you could avoid it. Well i don't want to preach but to be honest hedging is very useful at its own time, and based on carry trading use different brokers which i've been saw. And not just that hedge fund manager also use hedging for protect their assets.

But this so called speculation actually based from the news, or if not rumors. All based on the fundamental thingy, as you know fundamental is one of the oldest way to predict not just currency from majors to exotics but also other commodity such as gold or silver. Mentality of trader affected by news and policy.

CPI means that there is a consumer who spend their money to buy something for pleasure or for living and thus drive the price and like that. Just like its name CPI = Consumer Price Index. If that is rising means more consumption especially mostly by middle class people. If there is transaction the economy is increasing its value.

Somewhat between easy and hard. I don't think forex as a job which is very hard like you must create some kind of formula to make a profitable trading. But, it is not that easy too It still requires analytical thinking and also following result of the news, and not to mention how the market react to the news or even other rumours.

Everyone will say EURUSD and i also agree with them EURUSD or GBPUSD and after that AUDUSD or USDCHF. Almost of my trading depend on the news since my shift to it few years ago. Primarily I compare USD news with the others but AUDUSD usually used when i trade in Australian Dollar based news which give more accurate prediction of what happen for AUDUSD.

This is rebate one of the legal way to give compensation to trader who act as introducing broker. Actually some foreign exchange broker offers this kind of service. Lose or Win you get it which means you lose then it will lowering you lose, while if you WIN then it means you gain much more profit for yourself.

4-6? Please hansonudo2 make it clear what you mean by that, is that 2-4 weeks, 2-4 months or 2-4 years? To be exact this kind of answer is easier to know. Actually, there are only a matter of personal choice, there are some who feel that only 2-4 months is still too early, some are saying that age is worthy to be able to trade in a real account especially when trained quite extensively.

It seem what thread starter is talking about not just another simple system, this is quite complex and this is what people called as social trading or copy trading. You basically open someon's profile and can request to copy or not and after you copy it then all the configuration of trading is similiar to the other person you copied.

What is the connection of buying and selling with more useful? Anyway forex is mainly trading means buy and sell currency is common but the exact thing you did is exchange which electronized. Modern forex is another type of foreign exchange which has been exist since the ancient period. I'd prefer the modern one because that is more fast when execute our order.

I get that, well that is right risk management is pretty much important for trader which many traders decide to turn down. As for stop loss feature, i think all of us already understand what it's done, right? SL is part of money management you can use it or not depend on you preference, some traders prefer to close the position when it is not good by him/herself which known as cut loss and SL is the automatic version of it.

That is pretty much possible, trading in forex is actually one of the best way to get better income rather than safe and quite static earning. But forex is nowhere safe rather than civil servant for example. Civil servants has many rewards and it is basically better. you don't have to stressing yourself to analyze the market, control your risk management, or how to solve the problem of LOSS.

Technically forex or stock or even binary is possible to be a main job, nothing can ever stop you to decide that and also some "outer" fact. Forex needed more maintenance than ever because its high volatility and one should think clearly do they really want to turn forex as their own main job? If they do that, better be think twice about it before you cry of your lose.

Not always, even i said mine is personal it is nothing like i choose because i like. It is because forex is having more advantage over stock. Forex has more liquidity because of the big turnover daily rather than stock. It is also more capitalized rather than stock, lower trading requirement and better deal at leverage which helps leverages my capital and get bigger lot size.

Well use your logic carefully uncle gober, just being serious doesn't make someone a great or at least good trader, you need more than that something which is more than serious but still relaxing to your trading. Being overly serious would lead to the thought that you must be win at all cost without any single losses, and i am worry if you start to lose you want to recover faster, but that is not needed because there is other day to trade and to recover.

And therefore you should know that the you don't have to spend your time in demo account forever, there is once where you should prove yourself. Demo contest is fine but real account show you the real pain of losing money and how to control your emotion so you don't have avenge your own loss later since avenge only means destruction.

The very first reason why i trade in forex up to now is that because i want to earn money. Simple, forex is a big business it allows you to start making money with relatively small amount of money, you also only need internet connection plus a good computer to simulate the market through terminal or so on.

Wow that is such a news because there are some people trying to persuade me to join OctaFX, well it isn't just OctaFX who do something like that basically a suspicious broker or the broker who registered in less strict regulator. I myself thinking that once your money already in broker which is regulated by non strict regulator it will be a night mare in relatively shorter time.

Mixing emotions and trading wouldn't never profitable for trader, emotion is one of the things that need to be noticed and to be well regulated by a trader. As many posters aside from me said, it is actually a bad practice and i recommend that every single trader in this world should never do this one, and avoid it at all cost. The risk is too high.

As long as they want to reduce the risk i think they should do that, in fact this could help the broker and also people who trade inside of it which make it the most feasible scenario that could happen sooner or later. Save the broker is the best for all, including to the clients(retail to big traders), employees, the owners of that broker and other stakeholders.

My other advice is after you gain some knowledge of trade and did few demo account trading the next step you should do is to find reliable broker. I have some recommendations like FXDD, FXCM, Dukascopy, IBFX, MBtrading and so on. But if you don't like them somehow just trade with a broker which has strong and strict regulations, has a real office in AAA countries, such as London, New York, or Frankfurt,

Okay @sidejob Let's think like this if you can turn forex as main job means you will lose your current job which give you money and quite stable compared to foreign exchange. This is a big loss, if your foreign exchange job gives you better stability i don't have much doubt about it, but if not it is better to reconsider about to turn forex as main job.