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Don't avoid emotions but regulate it or control it or trying to overcome it. If you avoid your emotions you won't be able to trade freely, it will restrain you to trade. Mixing emotions is the other thing to talk, but i don't recommend it just like what i said overcome, regulate or control it is the best way to deal with this emotiong thingy in foreign exchange.

I cannot say much about your post here but of course knowledge is the thing we should have but experience above all. Knowledge won't give any result, but if you keep practicing then knowledge will turn into experience which is more embedded deep into your mind and muscle thus you can trade fluently and the same thing with your risk or money management.

LOL again and again is there anyone here that can trader without their emotions? Not, but we can control those emotions so we can trade just like we don't have emotions and can focusing to analyze and take decision without any bias but based on the real analysis which is really more accurate. I wonder if someone without emotions can trade in forex.

Improving your skills is not only in forex but also in the other business, without proficiency in that business you have bigger chance to lose your chance to grab more profits. Well, back to the topic Less is more in forex trading is not always true, but i think what Thread Starter want to say here that limit the risk is the first thing to think before how to make much more profits.

Bank doesn't take the lead based on what i know but it is more like the most secure, well at least you are with the good bank you have less worry, also bank wire is acceptable in many businesses including forex as long as that is not illegal based one country's view. I prefer payment processor because of its low fees and faster when transfer your funds and one last thing i still withdraw and do deposit in small number so payment processor is the best choice.

There is no the most effective way rather than keep trading in demo account/real account to increase your proficiency in foreign exchange. By the time you increased your flight hours as foreign exchange traders you will gain better understanding about forex, thus you also at the same time opening more chance for yourself to be a good trader and gain more profit.

Just like what i've been said before by having mentor traders able to learn effectively, they are focusing theirselves to learn and with guide everything will be more focused and easier. Compared when you trade by yourselves it will be really bad for us especially when i have problem and don't know where to ask about that while when you have teacher you can simply ask him/her.

You can but it will takes time, and also some brokers usually impose such a strict rules for someone who want to use the deposit free money to trade, and actually if we want to think it harder, from where is the money to fund someone who get that free bonuses? Some people have their own opinion like ads but giving that much is too much and too generous, afterall this is not charity.

Investing in forex is very feasible idea with that much bucks, just use our simple logic here with that much can you buy more than one real estate? Of course not, the profit we will get by investing that much in real estate is small and real estate is a long term business, while forex is all about diversity you can invest in long , mid, or even short term to reap the profit.

Robot trading is fine i don't see why people mock it over and over again here, it works well as long as you always put the risk management in this case something bad happened so they could control the risk too. But one thing you should avoid is a robot that created by vendor who claim that robot may work well, it is just like someone who sold holy grail system which is nonsense.

It is not the most but one of the most thing which trader find hard to handle and to be honest some traders who already make noticable profit still find hard time to control their emotions. My experience with the emotion is really good i mean in sense to teach me how to start profitable trading. I got margin call just because of my emotions, i want big profit but cannot cope with the loss.

But you also don't be a blockage to yourselves in the name of don't rush. I mean you should know when to enter the market and open multiple position, this method called averaging and prove to be work if you know how to implement it and the good thing is that your profit would be double by doing this strategy, but if wrong there will be double loss for you.

This is why it doesn't necessary for someone to have mentors who will help them in no matter time, but from my own perspective i think that having mentor will give us faster pace, we can learn without need to worry so much since we have mentors to guide us, and usually without mentors traders tend to do "trial and error" experiments which takes much time.

I think that is a very bad idea when you are forcing yourself to do something that you shouldn't do and i think we must be aware with the greedy because that is what makes us lose our money easier compared to the other way such as misprediction and so on. By manage the risk with take what you can lose then you can stay survive for many rounds later.

That is pretty bad and also based on some people i've talked through chat they said be careful with that kind of broker usually they have their own internal market or it is what people called as dealing desk broker, they don't follow the liquidity provider and usually against their trader, because even big brokers also lowering their own margin for the sake of protection.

Pretty much, especially if you must wake up in the dawn just for the sake of trade during US or AU news. But if you don't have then you shouldn't think so much of it, it is better to trade at our comfy time but forex is flexible enough you can trade once or even twice or even more in one week if you want and even there is no news you also can trade.

This whole metatrader 4 against metatrader 5 thingy is actually opened much of my eyes but honestly i prefer metatrader 5 which is actually works slightly better and faster in my new laptop, but if you have older i do recommend mt4 since it saves your memory bandwith. I still use MT4 if not my broker which doesn't support MT5. If the broker suport MT5 i will choose it LOL

LOL no one ever asked something like that, you don't have to share with others and also it is better if you have mentors but actually it is not a sin if you trade and learn by yourselves. It is just reduce the money and you have more flexibiilty but overall if you want faster pace, most people will prefer to learn from their own mentors also if you made mistake it will noticed earlier with mentors.

I agree with you a newbie should focus to trade in demo account first before they start to trade in the other account which is real account trading. By doing so, a trader surely able to learn something from their trading and able to reduce the risk because they avoid unecessary losses because of the lack of experience or something nearly same as that.

That is legit and not just legit but legal business in the eyes of many people around the world but i heard some governments condemn that foreign exchange is untrustable yet dangerous business and further discourage or even limit their citizens if they want to trade. Since this business is risky, our focus is how to reduce that risk into the lower level.

Of course, someone need self-consicious when they trade, if they do something wrong admit it and then re-learn or fix what is the problem which you faced. Pretty much simple, right? Not, because everybody is different and the way to approach the problem is different. Many traders lose simply because emotions, but some lose because they lack of accurate analysis which indicated the lack of experience.

Well, who can remove emotions? Us? Nope no one, if you don't have emotions you won't trade, all traders who said to be looks emotionless when trade is not emotionless they are just like that but they actually are someone who can control their own emotion so well. By doing so they can analyze more objectively and make more accurate analysis

I agree with it but let me remind you it doesn't mean we should eliminate our emotions which is practically bad practice and impossible. Controlling emotions is needed but the method to master such thing requires different way. Depend on trader's view and behaviour it would be different but above those all a trader should have spirit or willingness to learn.

This error is human error not the machine error or when shit happens, right? Eliminate or reduce the risk which coming from ourselves is actually pretty much easy, well at least in theory but in practice it is require more efforts from traders especially traders with such a bad habit before. Concentration also help us to gain better output ratio from our analysis and we can do that faster and in more accurate way.

Precisely, as vital as our analysis. I think those 2( analysis/prediction and risk management) are the most important part in foreign exchange, by solidifying your exertise on those two you may become a better trader than ever also you can double the profit you have. SL in other hand is one of they way to manage the risk by doing that you able to avoid much more losses.