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But what trigger their own action, there must be something wrong there isn't it? The answer for sure is news. Imagine if FED next week decide to rise the rate of USD to 0.5 or even 1%? What will happen? Of course it will trigger people's action to BUY USD and sell the other pairs that paired with USD. Their psychology in fact affected by something which is news.

@OP : Reliable broker are available out there, many of them already recommended. But my advice look for the broker which regulated by either one of this regulator or it is better if all of them regulated your broker. Those regulators are CFTC (US), FCA(UK), FINMA(Swiss), or ASIC(Australia).

Of course it won't sidejob. Just look at that will robot makes you do analysis? Nope, you just sit down and watch it work or if you use VPS just turn it on and simply forget about it. But let me remind you the biggest flaw of forex robot is that it is human's creation, bug and sooner or later maybe loss. Just make sure your robot doesn't handle big amount of capital.

We talk about money at $3000, Based on all resources and answer and post in this thread it is clear that forex is the best but if someone prefer alternative in my country it would be stock or futures. Some people trade oil or buy stock from reputable companies and so on. As long as someone doesn't need "fast" return with big risk those alternatives i said would be a good choice.

@sidejob: This thread is valid then, well not just for newbie because big traders can invest small sum of money directly from their pocket to this mini account. But the one that would get much more benefit for sure newbie. Small starting capital, quite high leverage, and smaller lot size are the characteristic of this account and it matches with newbies

Yes a profitable way just like some people here recommend to a trader to use long term trading. Scalping on the right hand would bring much greater profit than those who cannot see scalping potential. Well it maybe like story to earn with scalp but that is happening, but never expect big bucks with just one position usually we more than one position to make sure we call it a day.

Same here i think by using full lot size we can fully use our potential as foreign exchange trader with this a trader might trade better and perform better. Seeing big profit usually make trader able to trade better and cheering their own psychology to manage the risk better and make quick decision.

There are also a lot of traders who lose their money easily and marked such a bad manager you shouldn't use at least with PAMM what you get there is transparancy, with a record that they show you can see which pamm manager that more suitable for you or more profitable. This what makes PAMM different than for example so called HYIP.

1:200, i want to increase it to 1:400 once again but it seems that i must have bigger capital if i must do that it should be around $700 if i don't make any mistake and my last month loss is $100 which is quite big. Overall i think use approriate leverage would help traders a lot. It will increase their total capacity to bigger extent.

My one and other few tips for trader who recently start their trading is never expect too much. Just be reasonable and it is better if someone doesn't trade rather than trade but loss. Always be sane and never greedy above you. Make sure you always manage the risk too.

I would prefer that STP spread their services to more country, as i said before with expanding their horizon they will be able to get more shares and also for sure will get more profit if they can manage their capital well. STP actually has potential but it seems that administrators don't see it.

Yes, without doubt also don't forget to mention that it has no fees for internal transfer which make it more comfortable, you get what you paid and that is what a great thing about neteller, only few payment processor that do the same. Overall i don't have much comment about them, in fact i can say you should all try it and verified your account to get full access of this payment processor.

I think skrill more just like paypal right now, they are trying to expand and give more and more offers or even held some mini contest that would attract more users to join their cause. It is a good idea because it means they are lively, and many clients of Skrill surely will take that contest and unintentionally spread Skrill's reputation.

Yes i heard that like million times, this one is from RU and US won't ever touch it. So basically safe from US raid and you don't have to worry about that so much. What i don't like here to be honest is debit card withdrawal fee which is around $1.99 lower than that would be better maybe like $0.xx . It would attract much more users to use this kind of services.

Thanks for information and yes i come from indonesia but to be honest i don't attracted by this one so much not to mention its popularity still low compared to the other well estabilished e-currency such as Webmoney, Perfect Money, Neteller, or others. Even it equipped by SSL and also has DDoS protection.

Sure even not for US but for UK and the rest of EU i think webmoney is one of them, as i said before it will make them another competitor in Continental Europe and UK of course. Not to mention it is well known in high risk business and quite easy to verified your account.

It could and it has been but i think perfectmoney's admin is totally anonymous. I don't know where they hosted their services but before it was in dragonara which already ceased. It seems administrators moved the site to another hosting in the country which out of the reach of United States or FBI.

All company will give special treatment or at least focused in a country or some countries where they can reap nice income isn't it? Payza itself was one of the best payment processor that still exist until now and to be honest if only admin want to restructure its fees and rules, it would be a different cases.

But the problem is indicator. Do you know what kind of indicator which we must put to know how good we are when trade? Is that indicator to see how we growth trustworthy? I don't against new trader prefer scalping but we must know even scalping is a technique from high risk business so it is risky too.

Simple explanation but has a grain of truth. I also do believe malfunction from our platform is a disaster or in the worst cases will lead our acount into margin call. To me i don't want to touch margin call again that lead to stop out. It means that my account already in big loss if that thing happening and just because of platform malfunctions? Nope.

Not a miracle per se but it is a good thing for trader to have rebates, as long as the source is clear you mustn't have much deal with that, also if you are in profit you will earn more if you lose you can cut more loss resulting in less loss, this system is quite amazing to me but will affect a trader's psychology.

Different but still risk imagine you close your big loss position in the wrong time, you will ended up with that big loss locked and you must find a way to recover and how about if you current position won't give you equal or more profit than your loss? Put this into your account before do hedging.

Liquidity of robot? Well robot might works but i don't know if that thing act like liquidity provider. Forex robot can work 24X5 but stock robot is 24X5 too technically because you still able to open a position after trading hours in stock but it won't be executed instead it is delayed. You won't be in loss nor profit with this kind of situation.

With small amount of money and also our chance to earn even bigger than what we invest is another temptation for many traders so they will join forex itself. Trading can be our main job only if the earning stable which mean it could replace your stable but boring main job(if you only have).

All professional aside from investing their big bucks also investing their own time for sure. They don't or at least in few ocassion use robot which means they trade by theirselves and it takes their time. No matter what i think most of those serious forex trader are learner because it will give them insight what to fix in future.