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The best tools for all traders sure are set of analytical material and computer not to mention a stable and fast internet connection. If you have it all you have chance to be a successful trader. I think to be a successful trader is not just about tools but your determination and your willingness.

If someone want to invest in gold they should think is that kind of investment worthy for their time, I don't say it is impossible for a trader to make money from gold which become their investment but with the volatility of other currency, gold could be a risky more than just one currency.

Well it is actually doesn't even matter if there are people out from foreign exchange, sooner it will be replaced by the other who curious to learn and earn in this field. As long as there is money circulated inside of this market, it is better, also just to give you small piece of information, forex daily turnover is rising with this indicator only we already see the impact of forex which turn into online business.

Yes, i don't know what i have to say but it is true that forex is a reliable business and could be a good source of income but still a risky business, so my best advice for newbie is that you should control your risk, focus on realistic earning and it is better you get less profit than less loss for the sake of bigger profit which we don't know can achieve or not.

Well in my humble opinion forex should be offered, not just because it could bring another prospect to people in future but also because it is important since foreign exchange is so much popular and become the vein of modern global economy, so people know why and how the economy change also affect our daily life.

Knowledge is easy to get, you can surf and get the basic thing about forex, how to trade or how to manage the risk but the problem later is how to apply those knowledge into real account. I said before there are many reasons one of them is emotions , then people failed to implement those things(knowledge) into their real life which makes them unable to avoid much risk and insted lose their money.

Job is a job, means that is the place to earn money for your life and to cover expenses. Main job means this is primary income for us, so logically anything could be main job including forex. People tend to choose a job which they think has high security to be their main job and forex is not on the list, but there are some people who prefer forex as their main job.

Yes, an account which irreplaceable to us, not to mention from the first time demo introduced so much money saved for trial and error process, also i cannot be earn like this if i don't spend my time in demo account first to learn how to traade any experimenting with some strategy i found.

I think for traders who have enough experience to trade surely won't affected by that alone also basically those bonus is just for attraction and there must be something behind, just like in few brokers i joined before, that money is just for holding your floating position you can't use it to open a position.

That is why we must spend time in demo account for the sake of safety, if you lose easily in real account tht would be disaster not just for you but to your honest broker who lend you money. Praciticing in demo account after long period is boring because no profit just virtual one, but to be honest you may get million experience.

PAMM is basically forex as investment, it offers nice return and could be a good alternative to HYIP. Main reason why it could be good alternative is because PAMM mostly are transparent account. You can monitor the manager and see their records before invest there, also you are the owner of your money and you can withdraw your money at any time but with the penalty.

I prefer manual trading becaise of its 100% control and i think use robot trading is a bit risky. Well it's not a very bad idea to use robot of course but still 100% control over your trading is something that a lot of traders cannot beat all, even your robot will work you don't reign over it and if something happened it maybe the worst

The disadvantage of robot based trading is clear as crystal. You don't have any contorl over your trading, from the very first of the decision is taken by your robot through its own analysis, also when it want to close its position it will put it based on its judgment, and most of expert advisors aren't dynamic.

Long term trading will be profitable depend on the trader's view about that. Long term trading sometimes profitable sometimes not. There are some traders who are matched with that kind of technique while there are some who can do better with short term strategy maybe like scalping or other intraday trading technique.

Well, more than one account is okay as long as someone able to manage the whole risk of having more than one account. Having more than one account is really risky, not to mention when you must manage those accounts at the same time. If you are totally newbie never and ever try to have more than one accounts.

If i must then the best forex trading hours is at US session, well Australia or to be exact Sydney session is the other one the best session for me. US session is because i always observed a high impact news of US, while at Sydney session because the news trend tend to be clear than United State and the impact can be seens in around 5-6 hours after.

@radex78 that is true isn't it? It is just about how much money we want to spend for one pips, the reward if we made profit is bigger than smaller lot size, but if we lose it is normal that our lose is also bigger. This is all about risk management to choose which is the best lot size to use because one wrong action, our account would be gone for good.

Using smartphone is one of the best way for people to trade, since forex become more online this way is become possible. Forex advantages including trading hours which is quite flexible than other kind of business, also forex become online business which means the connectivity playing imporitan part here, with its decentralized server forex for sure change itself

Let us put like this there are 2 people who want to invest in gold one someone who has considerable amount of experience and the next one is newbie. Well, by use the common sense it is a bit crazy for newbie to start invest here. But, how about experts or someone who has considerable amount of experience? It is not, they can invest and devise strategy to help them, also by invest in broker which is well regulated their money is safe and gold could be along term investment for them.

I think we talk about this issue many times before, the reason why someone lose is coming from so many factors one of them is emotions or if you want i will extend it to lack of experience, market's condition, or choose the wrong broker for trading and so on, as for newbie, it is understandable for me why they lose their trading and that is not just about emotions but also their skills to manage the risk

@sidejob: Yes, turnover is a nice excuse if you want to promote forex as a business which offers nice return per month, or tax advantages could be good because that is also a nice excuse to make forex looks like business friendly. The other thing why i should trade in fx is actually its flexible working hours you don't have to trade certain period.

That is okay then, i mean more than 6 months is preferrable in many cases so a year better. But in that year you must keep trading, i suggest at least 4 times trading in a month, so the total would be 12 *4 = 48 times of trading in one year. I see trade at least once in a week would provide us better experience but as long as you willing to learn.

@levie but it is hard to live up to it. Dream is always be dream if we don't make it reality and if you don't act just becuase of you feel forex is not for you then it will vanish forever. It’s never going to work for us if we easily quit, forex with its variable already give us better view about forex as hard business but lucrative at the same time.

Forex is not easy business and of course many of them failed @ gaban since we already see it by our own eyes a lot of complains about the system of one broker has. CUrrency trading nowadays is more volatile and also has more liquidity the problem lies on how to keep the risk low and it could be achieved by a strict and relatively good risk management.

Well i heard that is the case but to be honest i never see that with my own eyes. I'm focusing so much on currency not the commodity but to be honest gold is good if you have big enough capital( around thousand dollars), with averaging technique you able to maximize your profit and gain double earning, also invest in gold through broker is cost effective.