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It is true, but guess what this is not something which everyone can do, sometimes they forget about it, sometimes they just ignore it. Actually there are a lot f aspect which we need to see not just their caapability as trader but also the condition of the market, since this is the main reason of why experienced traders still lose.

Demo contest is just for the sake of earning rather than learning, but who doesn't want to earn money without need to spend their own money? Who doesn't want? And usually the prize is without any hidden terms. But only 3 or 4 or up to 6 traders who can win, so even you make profit doesn't mean you're the best in contest because only limited trader who able to reap this advantage.

@levie: Your visualization of how to make profit in forex is totally right, and demo account is free if you ever trade before you should know about it, it is easy to get and as easy as when you create an email account, you can even create more than one account in demo account. If a broker ask you for payment then that broker is not.

If you want to study forex the best way is demo account and free blog materials like what you can get on babypips or other blog sites. The advantages for sure you will be able to get better material and also without need to spend anything which is a very good thing for you especially for newcomers.

Not lock the account, but it act as your SL movers, for example you get 40 pips but your position still rise and you worry that the price may turn back so you put TS to 20 pips, so SL will automatically move to 20 pips after you reached 40 pips positive floating points and as long as there is liquidity there.

And by doing that you wouldn't do any gambling related activity in this business and of course it will help you a lot to understand about forex which will change your own paradigm about how to earn money from trading alone. One biggest impact is that your lose chance percentage will lower greatly.

Yes, not our prediction will be 100% true. But with use indicator to analyze the market possibility to move we can get better picture of how the market will react, at least we don't gamble of how to make money but we have basis to do so. Fundamental analysis for me is the most accurate analysis type and i depend most to it.

@radex78 that is totally right, even fx is risky but at least we are able to manage the risk if we want and know the way. Well that way may reduce the profit we made but at least could prolonging our chance to reap more profit. Why fx is one of the most lucrative business because it contain a high risk with high volatility and liquidity.

You can invest in gold just like you trade in forex, that is actually pretty easy but the question is how to make money from it?. That is the real problem, anyway the best time to buy or invest at gold is when the price of gold is falling, or at its near lowest point. With this optimum profit could be achieved.

This is why many traders lose their money becuse they want to be successful as soon as possible but in fact it could take years for you to reap the profit if you want safier way, there is successful soon strategy but that is risky and actually that is gambling. If you want to be a successful trader, trade intensively and in more intelligent way.

Never give up, lowering your expectations but not so low, focusing on trading than daydreaming, keep your risk management as tight as possible not more than 5% of your total capacity on your account, next never let emotions to overcome you. The two biggest enemy are fear and greed.

It seems that as we know many traders don't know what is their main cause of losing, well this is actually acceptable since not all know about it. I think feeling a bit regret about your past also contribute to your lose. The answer for this thread is simple, there are a lot of reason or cause and it is either emotions related or skills related.

I agree with greed control, since greed is our emotions we are the one who can control it so do those traders who are not greedy but calm and know what to do. I cannot believe that someone cannot control their emotion, they are just cannot do that yet but in reality not all have perseverance to keep trying or find the way to control greed or other kind of "bad" emotions.

I see between 3-6 months first people will gain rapid understanding about forex, so i agree with you but there are few traders who need to trade more than 6 months like 1 year maybe or less a bit than that so they are confident enough. But my own indicator is you must make at least 80% consecutive profit every trading.

@bigxy: That is achievable condition where we want to achieve when we trade isn't it? I love it when i trade i am relax because i can trade in more flexible manner and not to mention that trade everyday is a huge work for me, well sometimes i could do that but that is also depend on the condition but the result not always good.

I agree with forex learning is a long process, takes months or even years all depend on trader's willingness and basic talent. Also forex is a lifetime process not just long process since we learn even small bits for the sake of better understanding and improvement which would happen later.

Of course this is all so clear, that a trader should use the service from a broker which is totally regulated. Since with invest our money and use the service of a regulated broker, the safety is guaranteed and if you are having one or two problems the regulator could help you to get your money back, which is a good thing.

As far as i know that is true, most STP broker has relatively higher spread compared to ECN or DMA. Most of them (traders) actually don't know it because they rarely see the spread difference between one broker to the others. As for DD broker, some of them even has high spread rate especially if you nearly reach your TP.

Bonus is a very good approach to some people, because that will give them more chance to learn or to get money itself. In fact people prefer to get bonus because that is free and also usually given by the broker we chose which means it is really trustable even actually that is not always happening.

The most common definition of exotic currencies would be the not so commonly traded foreign currency and is usually from developing countries across Africa, Asia and the Middle East. Some currency like Indonesian Rupiah, Brazilian Real, or Mexican Peso is one of them. These currency pairs are not considered as major currency pairs in forex market trade and trading them could be quite challenging in a standard brokerage account.

Possible and HYIP? Can that HYIP give us the daily screenshot of admin's trading account with all profit there? I don't think so. This is questionable, i know daily profit is still possible but to maintain it forever or in very long period is such an impossible task to do. Making daily profits for year is impossible feat for retail traders, even big traders lose at least twice in a year or so. If that HYIP's admin are able to do that i am sure his/her HYIP will stay forever.

Yes internet such a very good place to learn about forex but remember not every single thing which you got from internet is true, some are just junks that reproduced, some are bullshits but few of it are original and innovative way to learn about forex. Moreover, it is not like you can make huge deal just because of internet offers you something isn't it?

Hm, it seems everyone have their own preference but to be honest i see that friday is the day where i must staring computer because i am news based traders and i usually prefer to check high impact news and in Friday it is either USD or CAD news that usually attracted my attention especially in this week there will be NFP on friday. So i trade as long as there is a chance if not i will just do others like post in this forum.

@levie But with one factor which must be fulfilled, that trader should know how to manage the risk. You can think forex bonus as a real bonus that will help you to keep your account alive. Also this worth mentioned that bonus from broker usually act as marketing product to newcomers.

@sidejob: That is depend on the trader because not all traders will take the bonus for granted, some of them even very clever when it comes to use their given bonus to its maximum possibility. @levie: Some brokers allow it but the others are not. They simply only act as a balance that will only valid when you open a position not the balance where you can spend to open a position. So it will be like this. You open a position with your current balance and then if you suffer negative position, not your balance which reduced but your bonus.