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First is ability so i agree with you, invest huge amount of money but has less capability handle it will resulted in something bad and i am sure you already know about it. Using small capital also won't help, no matter how bad or good you are or to be exact how newbie you are you need at least $100, but i changed this to be a bit higher at $200. Using leverage would helpful around that much money we have, especially into our account.

It is about time sidejob. Time is what stock lack at least to certain extent compared to forex. I know in stock we can place our order after market is over, but still it will become pending one not executed sooner by broker, while in forex as long as it is business days, it will be executed.

What? What is the normal thing use your own pocket money? That is actually not normal and also not recommended by all people who involved in this business for so long time, agains this kind of good advice will only make trader suffer or at least limit their potential to act well and create profits.

It makes a sense, that approach would be useful for market the whole, but what i find so far that forex could be tricky even you have enough experience still lose inevitable in certain cases. This is why i also think that forex is risky, so only people who can bear the risk is the one who can reap more profit here.

@gaban: That is right and thanks for sharing, you already shared some potential keywords for us. Those are Patience, Discipline, and Improving. Patience is needed because it is clear we don't have to be harsh in forex, while Discipline will help us to keep our strict rules and rarely change it so we can focus more. Improving in the other hand could be done by anyone but effective and efficient way of course by putting all we know into action and gain experience from it, so the more we trade the more we get(experience) and we improve.

It is impossible to trade without emotion, i myself try to eliminate my emotion but in the end i cannot do that, control it is the best, in few cases i mad of my loss or joy for my profit, and this is normal as human since we have emotion controlling it is the best option not trade without it.

I start trading with small amount of money in few brokers before the broker which i am using right now. Some brokers which i tried before especially for its real account are FBS, IFX and also UWCFX but all ended up with margin call, while for demo account i even try dukascopy once, but i think its platform is quite heavy(JForex) for my PC.

Yes, and like what i said before money management and stop loss tied to each others. So both of these two must be learned by traders no matter what. Risk/Money management ratio is depend to trader but mostly not more than 5%. As for SL i think this is quite easy, because you just adjust it with your money management.

Talking about solidifying their service it is happening and they are trying to do that especially in south asia, One of the most notable country where Payza really love is bangladesh. It seems they want to create more ties with this country and support its development through payment processor like this one.

Before forex into the surface skrill already into betting and betting is the heart of skrill also its sister payment processor, Neteller. Betting is one of the most lucrative business for skrill users aside from forex and you know a lot of online gambling site use either netller or skrill as their main payment processor. I think offers and more offers on that field is normal not so surprising.

I think offers is one of the best solution for this case, or if Okpay wants it is better to have more deals with online shopping or brokers like they did before. I think Okpay is popular in one place but not in the others and they want to stay with that condition for a while.

In real account you can practice it too, but the risk is big there not like when you trade in demo account. Also in real account people tend to be cautious with what happened later, this is why they don't as free as someone who want to learn from demo account where risk is free.

It would drive the market crazy also it is uncontrollable thing, i mean there is no sovereign that monitoring it, well it is based on community but no one big institutions want to back it up as traders it would be a very risk investment, and community is strong but not as strong as that institution.

Phone is less make sense to me but address gives better security for broker if in this case you are someone who love to do money laundering. Address is hard to change and easy to track, also if someone want to do bad things like i said before, it would easy to track them and take them to judges.

Bloomberg is one of the best place to get latest news if you watch their TV not their website which delayed for sure. Any cable tv provider usually get faster data or they are the one also who spread economic data result to public but of course after there is announcement from government.

Trusted broker doesn't mean you can trade with bigger leverage. In fact, many untrustable broker who are totally shady offer very high leverage, around 1:700 or 1:900 or even 1:2000 in few brokers which i think is bucketshop. For me a trustable broker is a broker which has integrity, has most or almost good review and the most important one is regulated by strict regulators. I've been said it many time but it is crucial part of identifying a trustable, reliable and good broker.

Leverage is a ratio between trader's own capital and borrowed capital from the broker. Leverage at 1:100 means for each transaction in your account you must have capital 100 times lower than the real transaction, so 1 lot = 100000 means you must have at least 1000 unit in your account to open a position.

Yes, but doesn't change any fact that forex is a high risk business. Also as WE part, we need to know about that before join and broker who also the part of forex should give a quite big disclaimer below their homepage so people can see it clearly that forex is risky one. Forex become like this thanks to its ecosystem, to people who want to make fortune here forex must have players the more better, because it means more liquidity for this business.

I would suggest FXDD , that is one of the best forex company broker which also offer pamm investment for people who want to act as manager. The reputation is good enough so far, but it is not something like that they are holy broker they have few controversies and complaint but overall most people agree FXDD is one of the best broker available out there.

Forex as the whole system or the market doesn't have any scams it is actually just passive not active, you are right broker is the one who scam, it is an active party the one who involved to scam people, forex is just niche or market if you want to refer it like that, even in traditional buy and sell people still able to scam people.

It is one of the main component of a trader to be different things in their life. Consistency could be achieved through persistance, a trader who keep their trading on the top for quite long time or focusing on manage the risk is another way to be consistent. Be consistent and be always in profit.

I am not sure but it seems that if a trader lose TOO MUCH means that he/she already lose a lot of money and in the gravy situation. In this case, if someone already into that condition we should think twice to move or to create a new account with fresh amount of capital could justified many conditions.

Without doubt that is one of the best idea, many new traders have less patience when dealing with forex. This is their big problem which they should adress it sooner or later. Education really takes time, but it build a solid foundation of a trader so when they face real trading they won't be loss their foot easily just because of the market's condition or their few losses.

Well, it is clear here that stop loss and money management tied to each others, and if you have good understanding for both of these field you may be able to get the grasp of how to control the risk, with this you have potentially lower chance of bankrupt and it will help you boost your confidence to trade effectively.

When you faced with a business or something that ask you to predict and then to put your money into it is that looks like gambling? Yes, people think fx as gambling because it is like one. We put our money we buy something in hope that currency would rise based on our prediction or to sell in hope that would fall down. And also with lazy nature it has, make forex looks like gambling, can you imagine someone can earn thousand or even million less than few hours?