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That is what all people want to do, right?. In the end consistent profit according to most people who make profit is making profit no matter how small or how big that profit. But in the end, usually they cover all the profit in one month for example or in two months, but overall it must in profit rather than making more loss.

Yes gober, the most important part is that leverage should be use wisely, it is a good tools to help traders but at the same time destroy the traders. Spreads is just another comission you should pay, actually that is bigger in STP or DMA compared to ECN brokers, but what i want to emphasize here that actually it doesn't have any correlation to each other even still important to know.

It is still possible if you ask me, because if i don't make any mistake there are some people who did that before me. Well it requires a lot of bucks as the start, around $5000 or $10000. It is called as carry trading use different broker. Well if i don't make any mistake it seems that either me or sidejob shared it here. The only error there is human's error, but the site is in indonesian language if you want just sent me PM.

LOL, that is once again depend on the condition of your trading because not everybody can do that, also even you hope for the price back once more, there are few times it just getting worse more than ever. So i think the best thing is by keep your SL on the right track and then keep trading with your current strategy.

As long as you are really good with practicing because not all people have talent in forex. You may take 2 months to be a good traders but some poeple could take around some months or even few years for the sake of being just adequate traders. Also trading in forex plays our emotions so bad, which become our challenge on each trading.

That much more make sense to me, almost broker actuall offers demo account for the sake of marketing. Because, to be honest who doesn't like a free account that they can use for free. But remember not all demo account reflected the real account situation especially in the controlled market broker.

As the signal for more potential of a trading i think breakout is important, especially for someone who cover most of their trading by use a technical analysis by use indicator itself. According to me, forex breakout is one of the most versatile signal since if you doubt it you can combine it with other indicators such as RSI or Moving Average for more accurate result.

The one who should use VPS is clear isn't it? Those are for people who want to trade with expert advisor for 24 hours. I also think it is a good place for testing your robot to works non-stop but not for the sake of earning, not to mention VPS is quite cheap so it is like an affordable 24 hours computer that works for someone who prefer that way.

Well for a 24 hours trading and using robot for sure you can use VPS and actually that is a must because if you want that VPS would give you to access for 24 hours ON of the server thus make your robot works for 24 hours unless you decide to turn it off.

Long term is pretty nice to be honest, but it is quite hard since we need more and more place to reserved for the case if something is going wrong, short term has smaller profit to grab later, but still you can reduce the risk if you trade it right, and i don't talk about scalping here.

I'd honestly prefer to trade once in a week, or twice at most. But the time never wait for me, just look at the news which is high impact, usually doesn't have much good news i mean sometimes there will be a countereffect news that may lowering the chance of me to get TP and possibly able to turn the tide.

If the both which we are talking right now is Take Profit and Stop Loss then that is worthy, but actually i prefer to see my position to hit my take profit rather than stop loss, or at least it would hit my Trailing Stop rather than SL. SL is the worst thing i should see but with SL i don't have to stay in front of computer like forever. So my conclusion is that take profit is totally worthy.

Yes omar-profits forex is risky forex is hard but forex is a profitable business where you can get much more bucks in relatively easy way without even need to sweat your own blood. Well a bit hyperbole, but what i want to emphasize here is that earning source in forex could be your stable stream of income it is just need a carefully planned strategy and don't let your greed overcome you.

So this is why i think we a bit off about talking this issue, but one thing that i know here is that trading platform that we have will works for almost all cases. I wonder why people choose MT4 over other platforms in online forex trading, but some big brokers prefer to use their own propietary platform since it gives them greater flexibility.

@radex78 Just choose an offshore broker, or use an offshore bank account. With these you will able to trade with different name or different bank account. An offshore broker usually less strict, but using an offshore bank account you can enter some legal and strict brokers even actually this need more specific way to be able accepted by that broker.

Eh? Never know? I think this man will remind you of his famous quote. Warren Buffet, he is an example even not into forex but in stock. Be greed when others fearful and be fearful when others are greedy is important quote to know when to unleash your emotion, which means you must know how to control your emotions and unleash it at the right time.

Since the price of forex is dynamic people will feel happier to trade here, or to be exact to speculate here. WHy? Imagine if the price is stuck what happened to the market then? People cannot speculate, or at least there are very low volatility, what people can reap there? Swap? Of course we want profit based on sell high buy low concept.

Not just from those, the cost of trading is time, you know how much time you spend in forex? If forex is only your life then that is not a big deal, but imagine you spend more efforts but your earning isn't as much as your effort or even you lose. Time is also invisible cost in forex trading but most traders don't pay attention to.

No, Scalping is not the most profitable strategy but i don't deny that will give us more profit or even more than we imagine but still not the best, because if that is best most of the people who trade with it will make more profit, but in fact that is not what happened. As novice trader, scalping is optional since i think risk management is the very first important part of novice to mastered.

Yes, it is right that forex has more liquidity and decentralized. The reason for that because of the lower barrier for someone to join. Stock has higher, but i think is quite low enough it is just more centralized which make the price less competitive compared to stock. With more than one liquiditor you can get the better price than ever even with tighter spread.

And as long as you still make profit some of my friend who has been dealing with a lot of dealing desk broker said if you trade in smaller amount your chance to make profit still big, but if you start to earn big you will find a lot of bad thing, from Stop Loss hunting or even Price manipulation, but yeah Floating is more logical than fixed since fixed doesn't reflect the price in the market or from liquidity provider.

Well, i think you can say that the safest, because it means small loss if you lose but if you make profit in order to attain the same amount you must gain bigger pips which could be more risky. Trading with big lots surely disturb your emotions and making tension higher but you must be spend a lot of time in forex isn't it? Learning how to control is essential for trader, also with a good risk management 2-3 consecutive losses won't be so bad.

MT4 is enough for me, it is pretty stable not to mention that there are a lot of indicators for people who love technical analysis or a lot of robots for someone who love automatic trading. MT5 in the other hand is pretty nice but it seems too late right now, MT4 has 99% of what MT5 has. Other platform that attract mine is actually JForex, before it was Ctrader.

You can learn both or even learn more about sentiment analysis which is quite different than both of fundamental and technical analysis. News with high impact is my favourite but all depend on the result. If the result is clear which means the result is far above/below the prediction(forecast) and previous result then i would gladly to open position and reap more profit from that. Also make sure there isn't any other news that could hamper the pair which i trade with for example I trade AUDUSD, and i trade on AUD news, i must make sure there aren't any single news in 4-5 hours later that will hamper that movement, so there mustn't be any news that related to AUD or USD around 4-5 hours later.

Well, to answer that actually you don't have to open a thread but i will tell you in short manner as short as i can. People fail because they lack of understand if not they lack of experience. You won't make profit if you don't familiar how to respond to the market isn't it? And this is clear that if you lack it you cannot adapt with market thus lowering your chance to make bigger profit and even lose in relatively huge amount.