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That is the problem, but if you choose the right broker, you will be fine. The creator of this system also this far never experienced much issue with this system. The other problem is your personality or preference. Do you patient enough to get bigger profit here? Because the real profit is less than your typical trading.

I do agree with this thread, it is very clear a good risk management doesn't just cut the loss rate and helps us to cover our own ass, but risk management also help us to control our trading profit. With a strict and strong risk management, in future it will be easier for trader to keep trading with less worry.

Trailing stop is a good feature for all traders, in fact it helps traders to hold the profit. Basically a moving stop loss and if the market is quite zig zag this is good to secure the profit as fast as possible, but in the end this is all depend on how much pips you want to put in the list.

In the end the world will be like this, there will be at least few other traders who have unrealistic expectations even me when i start to deal with real account trading. I think i could get BEP in my first 15 months but up to now still struggling. Make realistic expectations in long term would be so much helpful.

From the very first time, education means knowledge that could turn into an expertise if you want to practice that knowledge in the real world. In forex's case, you need demo account and a blog for newbie such as babypips or even this digitalmoney talk forum. As for luck, well nothing i could say but never depend on it.

I beg to disagree even i must admit that technical indicators could be pretty much accurate but you can rely on Fundamental Indicators too. It is pretty good indicator, give you more accurate view if not the most accurate indicator. It is all about news and a bit rumor, basically pretty much simple but powerful.

Not all people can learn anything or have a time to do that. You must choose either one two. Most traders prefer to choose MT4 because the broker which they use only accept MT4 and not MT5, well in the current broker which i am using they accept MT5 but only for demo account.

Sure it is just a tool but this tool also applied in other high risk business, such as commodity based trading, localized trading even in the well known Stock. Yes, it developed by a well known japanese rice trader , so it is for commodity trading first but the effect on forex is not a joke and many traders whose depend on technical indicators love it.

HYIP is ultra risk business but could be managed in the right path make it less risky business especially if you are a HYIP monitor admin . FX risk is equal to all traders, so it is up to you to decide how to manage the risk and increase your profit by applying a proper risk management.

Same here trend trader depend on the momentum and my momentum is news, i always look at the calendar and some news site to give me overall picture of the expectations on the market and all depend on the result. Trend and momentum are actually tied to each other which make it somewhat integrated and complex at the same time.

Oil prices moved almost flat in Asian trading this Friday (6 / October), while oil and gas firms closed offshore mines in the Gulf of Mexico ahead of Nate's storm. West Texas Intermediate (WTI) is trading in the range of $ 50.75 per barrel, only minus 2 points from the opening price; while Brent was in the range of $ 56.96, or minus 4 points. Both oil prices are still near the highest level in a week, after had slumped yesterday the day after tomorrow. A number of companies announced the temporary closure of all offshore installations in the Gulf of Mexico and evacuated their staff, including BP Plc, Exxon Mobil Corp., Royal Dutch Shell, Chevron, and Statoil. According to Reuters, about 14.6% of oil production and 6.4% of natural gas production in the Gulf of Mexico have been offline since Thursday. Before the outbreak of news of Hurricane Nate, the price of crude oil was pushed up thanks to news of King Salman's visit from Saudi Arabia to Moscow. Market participants expect him and President Vladimir Putin to discuss an extension of the pact to cut output by the end of 2018. Going forward, market participants will also look forward to the data of oil drilling rigs in the US that Baker Hughes released every Friday night local time. Non-Farm Payroll data from the United States will be observed, because if the results are considered good and encourage the strengthening of the US Dollar, it can impact negatively for the oil market.

Gold prices slumped again on Asia trading session this morning, while financial market players are waiting for the release of Nonfarm Payroll data to be published by the US Department of Labor in the New York session tonight. Gold Spot has dropped to 1268.48 and its lowest level since mid-August The release of US economic data later this week underscores the employment report, one of which is Nonfarm Payroll (NFP), which usually has a major impact on financial markets, including the Gold price. Although this data is projected to be bad due to the impact of Harvey and Irma storms in some parts of the US last month, but most market participants choose to wait-and-see. The price of the sensitive Gold responds to the strengthening and weakening of the US dollar exchange rate. In fact, tight monetary policy, potentially pushing the appreciation of US Dollar. In addition, the increase in interest rates also increases the opportunity cost for gold investors who do not get the yield in the form of interest.

The US dollar touched a fresh seven-week high against major currencies in Friday's trading session this afternoon. Its support is the expectation of US tax reform and the wait for results from US Employment data (NFP) to be used as a catalyst. Coupled with a hawkish statement from Kansas City Fed President, Esther George. In addition, the US dollar also picked up additional support from Core Capital Goods Order data for August that showed better results than ever before. This is a sign that US corporate budgets can help balance the shaky economy of Harvey and Irma storms some time ago. Against Yen, the US dollar rose around 0.1 % towards 112.89 yen, below last week's high at 113.26. USD / JPY is trading at 112.991. Meanwhile, EUR / USD continues to decline and trade at 1.1689 , has been lower than the 1.1695 figure reached on Tuesday. The market's short-term focus today is NFP for September that is expected to slow down. After two storms (Harvey and Irma), expectations are now very low, so if it gets above 100,000 it will be surprisingly good. According to a Reuters survey of economists, US Non Farm Payrolls data will only increase by 90,000 in September from a 156,000 increase in August.

One thing that i notice exist on metatrader 5 which metatrader 4 doesn't have is a flexible frame. In Mt5 you can switch even to M1 or 1 minute frame, while in MT4 we can just choose like M5 or M15. Virtually we can rebuild any time frame with MT4 but MT5 has this one in built by default.

Daily profit is possible if you have bigger capital and you actually a company, there are a lot of trading company which able to make daily profit, even yes they are losing sometimes but the profit rate they got is way bigger than their loss, also what i mean above is actually daily trading where it gave them more profits.

Compounding is equal to account's growth. You don't have to withdraw the balance and deposit back the profit you withdraw. Compounding in forex is the best way to increase your capability to hold position longer or to afford bigger lot size. Based on my own view, compounding is mostly attractive and better for people who still quite newbie.

Technically speaking sidejob, we can rely ourselves on forex alone. Some traders demonstrated this before and still doing it. It is called as focus but diversification is not a bad idea. Any similar job or business like forex is Stock or Futures. It considered as high risk but still with nice rewards.

Forex to me is not the hard work but rather a smart work. Well you can do hard working by scalping everyday but in the end you must be exhausting yourself a lot. You may get profit but it drains your energy, while with smart work you can work based on momentum where you can reap mostly of the profits in one time.

Emotions is us, we are the part of it and it will always be like that. The question can you really trade without emotion? Technically Yes, but with the help of robot. But when it comes to trade within your own skill then the answer is NO. You may control your emotions but it doesn't mean you can trade without any emotions involved especially with big lot size in your hand.

Jforex as platform i think they have deeper access to the market. Many ECN or the real ECN broker use their own proprietary platform as the tools to access deeper liquid market. Based on the demo i see few differences so far, with my current strategy i can do the same just like what MT4 or MT5 can do.

You got the point there, and i do agree with you about the frequency of how many times positive slippage happens, the ratio is lower than 30% for me. I love it because it is positive slippage which means more profit even for one pipette. While Negative slippage is the worst, more losses and more chance to get closer to margin call.

Trade like gambling? Are you kidding with me?If you want to be able to survive in forex, you must think with proper risk management. A strong risk management could save your career. In long term you can make continuous profit while at the same time also reduce the risk as the best as you can.

Luck is not the part which makes you successful. Education and Experience are the one. Look at many successful trader, maybe they are luck once or twice but not like so often. You can count their luck with your fingers but they become successful mainly because of their experience and also the education/knowledge.

If you want the busiest working hours which you considered as the best working hours. It is usually overlapping session hours. In the opening of NY session there will be an overlapping hours for around 3 or 4 hours with London session which still open, and it will increase the liqudidity and participation in the market.

I think there is no way for anybody in this world to remove the risk completely from the market. Forex is the embodiment of risk itself so if you remove it then forex will be not as profitable as before and as you can see it will just make traders want to trade anymore and speculation won't exist in forex.