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Well, that is true forex video would be a good idea for traders to learn since that is more attractive rather than text based, but all of that depend on the content inside. It would be useless for traders to learn something repetitive even that means forex based video, rather than innovative text based article.

In most cases SL is good but not in few cases. Have you ever feel that when the price is reaching your SL or even pass it more and then few minutes later the price is tend to turn back and even reach the point where your TP was? That happening to me few times. Well to reach TP back requires few hours or even 24 hours but this reversal is what makes me rethink about SL once again.

Even as newbie you still have your own control as long as you don't use a forex robot. What Thread Starter here wants to imply is that do you actually want your trading take over by automation process like forex robot? I think newbie should do manual one first before start to switch to automatic one.

Australian Dollar in EU session is weakening, aussie seems retreat after 6 days before rally because of Oil's price, but China's economic data slow it down. Since there are no big impact news that could fundamentally move the price made AUDUSD corrected and the price's target is 0.73997 or a bit lower, but if cannot break that level this pair(AUD/USD) may rebound thanks to no fundamental data to around 0.74836.

Pound is totally weakening against US Dollar since EU session, this potentially because of Mark Carney's speech in front of UK's parliament as Governor of BOC warn that Brexit plan will be bad for UK's economy and push some banks to leave london. With the price is moving a around 1.41986 this pair(GBPUSD) may fall deeper to around 1.41777 or at most to around 1.40615 until the end of New York session.

Euro's movement on Europe session is strengthening against USD, this positive sentiment is happening because Industrial Production indicator show that German successfully increase its output compared to previous data. Destatis reported that German's industry rise 3.3% vs before which just at -0.3%. While for USD, it gain negative sentiment thanks to no news that could afford a strong movement. The prediction is on New York session EURUSD may rise to resistance point at around 1.10472-1.10796, but if this pair corrected it may fall to 1.00911-1.09609.

Yen is a safe haven currency and still showing its power up to now, plus China's trading condition based on its latest economic data which is worsening than what analyst expect before drive this currency to the new level at around 112.92 lower than before when opening at 113.45. My prediction is that this pair may rebound and goes at around 112.50, since there are no good economic data to make more volatile condition.

Right now, i am having 100% control of my trading since i do manual trading. I analyze the news, i take my own initiative to open a position, i take my own initiative to set my own stop loss and of course take profit. Not to mention, in few cases i decided to close my position manually because i think the market cannot advance further which means i could even lose more if i don't close my position manually.

You don't have to spend money? That is suspicious i mean from where that broker get money, i know the bonus is exist but bonus means use that broker's money not your own money. By the way, forex or stock of course i would prefer forex even if i have big capital i will put it on both because i want diversification.

Since forex has big risk that is why we need to be careful with it, also because of foreign exchange market's potential which is very big thatn other business, that risk will be always exist and persist. The best way is actually never trying to eliminate but reduce the risk itself. With lower risk you can trade better and earn better while exposed to less risk.

Loss is part of trading and if you don't have a strong mental it will be so dangerous for you,especially in emotion where could bring a terrible event to your own trading, I also experienced it before so i really know how is that feel want to recover your loss as fast as you can since my mental isn't really good before i ended up losing more.

From understanding perspective or not, i find out that trader who put a lot of indicators(at aroud 5 or more) tend to have less accurate analysis, so far there are a lot of traders who get at around 2-3 and they make nice profit even not so nice but overall it is better and their earning is higher than others who have higher amount of indicators on their chart, one thing that i like about indicators that they could help me in my fundamental analysis based trading so one or two won't kill me and make my chart looks clean.

I think excessive leverage is the most less noticable reason or mistakes of many newcomers do. Many traders think use higher leverage would help them to reach more lot size with lesser capital, but overleraging just bring more demise since it is hard to control from psychological side.

Forex robot still works, and will be works but it won't be work everytime you want. Actually there is a small problem that we need to know that robot actually works based on the input of the strategy of one programmer input inside of it. It is basically extract human's knowledge into automation program.

It is speculation that drive the price LOL, but of course because there is something and news is the biggest factor of the factor behind of massive speculation. In shorter term you can easily see around 30-100 pips in few hours but if you want to be a long term trader it is quite hard as long as you can play with rumours.

I don't beat around the bush just want to tell what is my point. Well, cost of trading is exist not just loss but also the cost before we trade like spread, that is cost. Also if you are utilarian type person then your time is cost the more time you spend means more cost and that isn't good if you earn less than what cost you spend from time perspective and money perspective.

This is why forex is attractive business from the sense of profit each trader could get from speculation and also in forex 90% of trading based on traders who want to speculate not just for exchanging the position.. FX is truly dynamic more than other business i've ever seen in my life.

Tax for sure is the real deal to for many traders including me, aside from that i prefer of its borderless issue. The next thing is that why i should trade of course because profit in forex is big i mean the chance since its turnover is so big even if you try to combine stock and options.

Scamming will be always exist as long as not forex but as long as human exist. In other businesses scamming is exist even with strict regulation scamming will be exist, only in lesser number and in more advanced type thus make it more harder for scammer to scam. This is what fx should do make regulation strictier to reduce this scam.

Depend on its Pair, with EURUSD you won't see any swap even if you LONG or SHORT. While AUDUSD or NZDUSD if i don't make any mistake you will get swap when you prefer LONG since AUD and NZD is basically a base currency that offer interest rate higher than those two and not near zero.

So it is overlapped market isn't it? This is where two trading hours overlapped, and as you can see this is when the market is more busy there are more people who enter the market and trying to speculate what make it worse that usually many news announced during this time, like NFP or Employment Change data.

Or i can say sooner or later HYIP will scam, no matter what because its foundation even for long term is actually unstable. HYIP also included as ponzi scheme by someone but it doesn't even matter if you know its lifetime. I was HYIP investors for 1 year before switching to forex, all HYIP which i invested never last long more than 2 year. While PAMM could be stay longer as long as the manager able to diversify the risk.

That is hard for sure but it doesn't mean you cannot do that, if that is about emotion what you need is how to control it. It takes a lot of time, you cannot simply conquer your emotion and let it under your control if you are inexeprience and just trade for few months. Well there are some who can do that but almost any traders truly need more time for to able control their emotion.

Without patience and discipline of course someone wouldn't be able to make forex as his/her own income for living. Forex trader in fact need something like that to make it more stable than ever so forex become a reliable source for them to get more money. First of all what you need is risk management, this requires discipline and patience, by choosing the right amount of money you want to put you already know how to manage the risk itself.

Yes, it is not just from spread but there is what we called as buckesthop usually they are dealing desk broker, has its own internal market that try as the best as they can to reflected the real forex market, but there's a conflict of interest between trader and broker and they earn not just from your spread but from your loss.