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This is why i said it is important because many of traders here don't understand that use lower leverage means you cannot trade with smaller bucks, this is what makes leverage so important, and maybe they don't know what is leverage for and just choose the random standard leverage. Lower leverage maybe good but for big investors/traders not for small or medium scaled traders.

Yes, struggle means experience, experience means better skills and better skills means you can make profit, right? Even the market sometimes unpredictable you still able to lower the risk if you have the ability to do that which of course gained by keep practicing or trading either in real account or in demo account. In the end only some could make profit in one time while lose in the other time.

The big disadvantage of forex robot is BUG!, Expert advisors or robot for forex, CFDs, and Stock are somewhat different as it has the power to make decisions that affect your bank balance! If your EA has a bug then it could make the wrong decision resulting in a loss of money. If the bug is bad then maybe you’ll lose a lot of money and you may even lose your own account.

Yes, only few amount of traders who can do that but as you said it is about aggressiveness, some traders prefer that way and might be working for them, but for me it won't work. Even i trade with less aggressive way i cannot always make profit in fact my 2 previous trading is loss. You don't have to trade everday but you can do that because each people have different approach.

Binary vs Forex? Well i am with forex even i must admit that binary is more simpler, but it sounds more gambling to me. I wonder how can we get that considerably big amount of money just by saying one currency will rise to certain price. Also lately many brokers accepted this kind of binary trading usually come from country which has less strict regulators.

So far only few brokers which offers something like this but it is not popular pair also even in some countries bitcoin has been accepted it doesn't mean that globally it will become one of the pair which you even considered as exotic one. Take for example in China, there BTC is not accepted as currency and it seems it will turn into commodity. the same thing happened in my country.

Well, i don't think we need always be keep patient about this case, we also can be aggressive which of course depend on the time. In this case if the pair move slowly we could be aggressive, just look at scalper when the market is calmer they become more aggressive to take small profit open and close position and usuallly open more than one position.

Not a big deal, but it seems people will prefer cryptocurrency as currency, because this is one of the currency that respect their privacy. But enough with privacy matter, because i don't see any way for this currency to be accepted in many big brokers soon, maybe as payment processor but not as the currency which you can trade directly such as BTC/USD for example.

While EA has its own advantage, it also has some disadvantages, first an EA needs to run on a decent computer at home with reliable internet, or on Virtual Private Server in order for it to behave properly and take all the trades it was designed to take. The good news is that most internet connections are up 99% of the time,but still it will cost you and maybe it won't behave like what you expect.

It is the matter of liquidity, some currency such as GBPUSD has many people trade with it and also EURUSD. I see both currency as one of the currency which has highest movement. If many people speculate in relatively shorter time then it means the pair will move towards the speculated position and create volatility in the market which moving the price.

I read few articles and they said that forex is gambling because we are ready to put our money in the risk and by my own defenition then forex, stock, futures, indices all just gambling, everything that put the risk into our own mind is the gambling, while i actually disagree i find out that this is quite make sense until i read that it's not really true because if its is true then what i've done in nearly all my life is gambling LOL

Leverage, in US it is just 1:50 but in the other parts of the country and investors generally have access to 2:1 leverage for stocks, which is lower than forex and thus attract for traders with small amount of capital to start their career path. Since most people start with small bucks the it certainly provides the springboard to build equity with a very small investment, this one of the reason why people prefer forex over stock especially in developing countries.

The concept of Fundamental Analysis in the Forex Market can be unified into one simple data point which is Interest Rates. If interest rates move higher, investors have a greater incentive to invest their capital; and if interest rates move lower, that incentive is lessened. But that is not just the case because there are other points whichi also affect the movement of currency such as NFP or CPI.

As the name suggests, take-profit orders are used to lock in profits in the event the rate moves in a favorable direction and this is a good feature because of its automatic feature, makes it as one of the most useful feature ever use in forex trading platform which one of it is MetaTrader. This widespread use makes me think it is one of the worthy feature to use.

By looking at the fact and also reality which is happening in foreign exchange world, it is true that sometimes we cannot earn and it means that there are some people who cannot earn profit, or maybe this is not their time and so on. So, i think it is wise for us to know the truth, everyone cannot earn profit especially at the same time, it requires more efforts and very small bits of luck.

No, we don't. We don't have to trade everyday because there is no obligations for us to keep doing that. The profit could come and go without we even knowing even we already try as the best as we can to analyze the situation on the market. So i think you just need to choose the right time to trade, once or twice in a week is fine because usually forex open with some chances you could grab and turn into profit.

Well let me clearing up my stance here that lower leverage won't be useful for newbie, most of newcomers come with small amount of money in their account if not few hundred dollars then it would be less than that. Lower leverage also means when affords bigger lot size, a trader should spend bigger money in their account and it is clear that it is not feasible for almost all newbies

Many traders forget about that since it is not really easy to trade without involving emotions especially for newcomers. I did it several times and i am sure you all don't want to know the result. Mixing emotions and forex trading is one of my biggest regret , it should be separated into different thing by manage your own emotions.

I actually think MT4 and MT5 is pretty much the same and it's not good for much debate and as we know some people here also proposed the alternatives but to be honest i keep sticking with MT4 because of my broker, and i think with 64 bit support MT5 which made for successor of MT4 will perform better localy by consume less ram and CPU.

Enough patience will bring more benefit to you, just like what you've been said above. I only concern about over patient as you can see this one is practically related to fear with postponing your trading thus forget to take the chance and make profit from it. But this thread is about less is more, well that is true but as long as you able to trade in the right amount.

Well for the sake of familiarity i think that is okay to offer courses in universities, but in the end it is back to that people if they want to be foreign exchange trader. I think with just knowledge won't make you something special here and there, you need something different which is experience and by practicing you can acquire more experience for you.

While it is true that we can conserve our own money with money management or risk management but it will limit the potential of you to earn more profits. This is because of risk management or the to be exact the proper one limit your earning and thus limiting your earning too. SL is just the part of money management by limiting your loss automatically.

USDJPY pair movement in the Asian session moves weaker after opened higher at 106.16 in early trading, and was down around 0.3% and the value of the current price is at 105.83. In previous session Yen rebound back by profit-taking committed by investors after the dollar hit a three-week highs against the yen the previous trading. Market profit-taking weighed Japan's central bank is expected to loosen its policy welcomed the stimulus package provided by the government. By this analysis, USDJPY is still has some potential to go down and may target the level around of this level 105.21-104.84, but if it is not until the range can go up again to the range of 106.61-107.58 since the sentiment is quite strong.

It seems in EU session the exchange rate movements of Pound against USD move weakly, especially after the price opening which is higher at 1.3257 in early trading, the pound exchange rate rose 0.4% and the value of the rolling is at 1.3213. European session pound exchange rate could not continue due to its poor fundamentals rally where GBP exchange rate get mixed inflation data such as the consumer level, producer and retail goods. Additionally pair may be weakened by the strong US dollar responds to the property data in United Statesy. It seems GBPUSD today can go up to the range 1.3362 - 1.3492 or a bit further and if it is not able to ride this afternoon, the correction pair may be up to the range of 1.3103-1.2989.

Hellow, wrong thread buddy this is fundamental analysis not technical analysis, go to technical analysis section instead. By the way here is my analysis: In Tokyo Session/Asian session Euro's exchange rate movements against US dollar consolidation move after it opened lower at 1.1076 in early trading. There is a sign in EU session that the price still in consolidation which the the impairment occurred most by profit taking. The movement this afternoon until the evening session is expected to move correction by poor valuation of ZEW economic region and also against Germany which is expected to show a lower data. So overall it seems EURUSD could potentially fall into the range of 1.1040-1.1016, but if that scenario won't work because unexpected variable then EURUSD could climb back into the range of 1.1095-1.1123 or even further.