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Yes, since in demo account we only use virtual money all our balance there is virtual so if we lose we don't have to worry so much about our capital. In contrast real account is the place where people gain money from foreign exchange, and this is the place where the money is real for us, it is the place where we get some bucks if we make profit and lose in our real money if we don't careful.

Not the unlimited, make sure you fix that kind of attitude, forex won't give you unlimited earning, it just gives you more chance to earn if you able to manage the risk in the proper way. Also if you decide to turn forex as your main job then forex is not unlimited but one of the safiest job you have and will give you not unlimited but constant stream of money.

Well you must do that in your demo account, that is the best place to learn and maybe earn but through demo contest which usually gives bigger price than what you may get from casual trading in this case if you are quite beginner where your earning just around 3-4 digits. Demo account is important because of that cases, i prefer demo account at first even its usage now for me is diminished.

As far as i know there is no one could ever eliminate the risk in foreign exchange, it is simply myth if there is someone who want to do that or able to do such a great feat LOL. By the way risk management and money management is the same it covers how you are dealing with the money, what is the right allocation for your money per single trade.

But if you have money and that is enough also you don't want you can invest, let me point that we don't want to trade that is the key. As long as you don't have any kind of intention to trade you can save on PAMM which overall may work, especially if you have good insight of what is a good trader, by doing that you may earn income passively

Well when we think it carefully mix between emotions and forex trading is not a good idea, i don't oppose to use emotions but use it in the right time and just mixing it without know why it would turn like that is a very very wrong idea moreover you should able to control your emotions rather than forcing to mix it into foreign exchange which result we already know.

Same here i don't see anything wrong with MT5 as is saidi before i just use it because of the circumstance which doesn't allow me to use it. MT4 is good, and MT5 is better. Or maybe you want to propose the other platform where you can trade without much hassle and very neat to use just like MT4 or MT5? I heard Ctrader is good enough.

Shit happens sometimes but i think we shouldn't keep passive about this issue, everyone will experience lose one day no matter how much we love it or not so this is why be active find the solution to your problem, why did you lose? There must be reason, as long as that is unexpected market movement i think you are the one to blame for your trading, and even you lose with proper risk management you won't lose so much.

True, 100 for you. Thanks to internet and computers right now trading forex is easier than before and as you know this is one of the most popular online business and in my country so far there is no specific tax for our earning in forex, especially if you earn this as freelancer. Forex also popular because its turn into online business which lower the cost barrier to near zero.

Yes, they changed the margin requirements for the sake of controlling the risk and i agree with it so i decide not to trade during that week and now i'm back with few tradings and few profits. Many experts i met online said that broker change the margin requirements so the SNB's tragedy doesn't make it back and destroy the broker and someone who lose.

Why would they do that if the broker is really able to handle that scalping and also traders who prefer scalping when the news just released is not scalpers why? because the spread during that time is quite high, some even reached 4-5 pips. That is not really good for scalpers. If broker start to limit the way you do legal trading, you should questioned why and there is higher chance it may have some kind of financial issue.

Less for quantity doesn't mean that someone will earn less in quality. Some scalpers prefer to reduce their quantity to achieve more quality result by increase their lot size 1.5 or 2 times greater than their current lot size. Maybe this is what thread starter want to talk about and i surely agree. If you trade more you will face the danger and you may lose.

It is a good additional services, thus will give more value to their students and would spread that mentor doing well which is a good thing. Mentoring is not necessary but if you can afford it and also find a good mentor you should, i notice that people with high spirit and have a good mentor tend to trade better than someone who is the same(high spirit) but doesn't have any mentor to lead them.

Real estate is pretty god but $3000? That is too low, if you have millions or billions then go for real estate even for that much foreign exchange is actually pretty much feasible and according to me pretty much profitable with quite fast return. Here we talk about if you have around $3000, would you like to invest? I will but in forex and that is more than enough for me.

Of course we can't, just like you said we can check their profile only and their profit ratio and next that is our chance to decide is that pamm manager a worthy pamm manager for us or unworthy one. Pamm designed so someone who don't or can't trade able to invest their money in foreign exchange thus gain more profits without need to do all the confusing stuff in forex.

In fact it is just manual trading turn into automatic system, if you ever heard about artificial intelligence then you will know that Expert Advisor is just code, it is a code of processing how to analyze the situation in the market, robot even use the same strategy that human use, they scalp if programmed that way, they do swing if programmed that way and so on.

My own preference is that TP must be equal with SL, the ideal one is actually where Take Profit is twice than Stop Loss so in this case i put 30 pips on my Stop Loss then It should be as low as 30 pips for my Take Profit, and the ideal one is 60 pips. Usually i set at around 150% from my current SL, with use previous example then it is around 45 pips or up to 50 pips.

That is what gamblers in forex supposed to do, with careful planning and good risk management we will act like trader not like gamblers which put all of their money into one basket. As long as you don't act as gamblers i think it is safe to say that someone is not addicted, but if someone said we are addicted because we keep trade, then someone who go to work for their daily life is someone who addicted to their jobs.

I think control or emotions control is needed and also that is one of the most important aspect for traders which surely some ignore or don't know how to deal with it. I've got so many experiences dealing with emotions which i found to be hard, revenge, regret and frustation because of touch margin call limit which hardened me up to now.

Yes, i agree but if we use that kind of logic radex then with manual trading the same thing could be applied, we also have possibility to lose our money and get margin call because manual trading is not always profitable, sometimes we can suffer much more losses. Backtesting also don't give any guarantee to me, but it seems that tailor made EA which made for big enterprise surely is good enough.

But at least even if that won't work i just waste my time not wasting my time plus my money on those uncompetent mentors which i may choose. Once again it is back to the other's preference of doing something, i love to do something which is worthy to be productive and i simply don't learn from mentor because it is costly and it is such a black box services at first, but if you have big bucks and also find a worthy teacher, then go for it. I would like to do that but it seems i can't.

That is pretty normal if you ask me, some people actually absorbed too much when they trade and make sure that they don't get distracted by anything and including how to manage their own money, but for me manage our own money is important and must be done before we start to decide open a position because this is matter of capital the one we use for trade.

Did you know that long term trading requires deep insight and more factor to count? It is not like scalping where you execute your positions in minutes or even seconds. Your SL should be deep also, since it meant for long term. Imagine if newbie could cope with 100 pips loss? Well the return should be nice maybe around 150 pips or even more, but the risk of losing also big. If your SL just around 10-20 pips for the sake of small amount of loss then that is not long term but more to scalping.

I've heard this kind of things many times before and that is contain some truths, basically patience is different to one trader to the others, for me at first i am not really patience even up to now sometimes i feel like i am in rush to make money so i could be rich as fast as i can but that kind of thought won't work again, that kind of thought which some people also think would reduce me to ashes, so trying to avoid that kind of feeling would be so much helpful for me.Trading with uncontrollable emotions in foreign exchange is so dangerous

Well, i actually do believe that it is hard to do at first until i practice for 3 months and see that it is actually not so hard the basic concept is very easy to tell. And then i realized it is actually just the matter of habits not less or more. Violation because of rules usually happening because of not just emotions but actually we are lacking of knowledge of how to deal with the current situation, some traders who is beginner really don't know what to do.