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Thanks for the explanation but it seems that is a thing which many people said about forex .Yeah it has big amount of money that circulated inside, around trillions and keep increasing as the days goes on and as more people that plunge theirselves inside plus more wealth that created around the third world, since it is big enough that is why many people want to take this grace even just a bit.

Forex without doubt is more liquid rather than stock market because forex is global while stock only as high as regional not as global as forex. But that is the other cases, i prefer it more than stock because of lower deposit, margin trading, higher volatility, and also longer working hours(24X5).

It is right if we talk about giving headache or more complexity, but you copy someone analysis and make sure that become yours, lose or not is the second problem also some people even follow the risk management from a trader they choose to copy. This is the problem start because one strategy may work for some people but not for all people.

@gaban: It is worst for people to depend on luck, some said that is just a guessing or that i just a luck if someone depend on that thing so much. It is not a trait of professional traders or seasoned trader. It is the trait of new gamblers. I still vote to education and experience which playing major part.

Not just in IFX but in the other brokers such as FBS, LiteForex or Mayzus where people can get free money from trading but first of all they must make a post in a forum that become sponsored by that broker, in IFX you can find free money from MT5 which sponsored by IFX itself.

According to my experience and knowledge up to now, what makes one trader better than the others because their grasp to the nature of forex and because of that they are able to manage the risk so well and reduce their chance of losing to the lower rate that they can.

When? You mean if? Well i don't really get it but do and don't has been a good discussion up to now and we share many things. In fact do and don't change in few times, i see that having greed and fear is a need to do thing but control is the most important above all. as for don't is taking risk that you actually cannot bear to lose.

As long as many people stick with it then metatrader will always be the most popular and de facto platform for online forex trading. That is right it has many features to help newbies and not just newbies but for traders who trader who has been spend a lot of time with forex.

But mobile app which i think is better for bandwith it consume less and good for neteller users who want fast internet and also for the one who has capped internet connection, i think for gain momentum it may takes some years later 10 at most maybe? But neteller right now has good feature which is better than others.

FX prices influenced by of course people who participated inside, well that is for a floating currency but for so-well controlled currency such as CNY well it is affected by you know who LOL . Usually it is a chain effect from government policy or even economic news result.

ECN the most effective? It is depend dude, trader that want more flexibility can choose STP and will say STP is the most effective type of brokers because it allows for higher leverage than what ECN can do, also brokers basically act as middleman between retail traders(us) and luqiditor which is the market maker.

Yes, one of the important part in forex trading which many newcomers forget, only pursuing for profit won't make us able to survive in forex trading but that might make us lose more than that. I usually give some advice to people who interest in forex to think about the risk first, because with learn money management they able to learn about the risk that forex offers.

For long term trader that step for sure wasting their time, but not for scalpers which really need a tight risk. I myself as fundamental based trader and short term trader prefer SL. Well i am not scalpers but to be honest the position i hold not more than 2-3 days, so SL still a useful tool to limit the risk which i already calculated before.

I don't know how much money that all retail traders had but big players like JPMorgan or other kind of banks are really rich, they have a lot of money that circulated everyday, trying to speculate and make profit from it. However, it is hard to unite, like you said everyone for himself, i want to make profit so you do.

Actually Hedging means take a risk too, but i can say it is more like limit the risk use different approach. I don't know why people take it but i think that is because of the "lock" feature which many people said, with locking a position it wouldn't make us suffer more loss and that is good.

And why it should be like fire? Nothing wrong with able to get few portion of greed or fear and then control them, with that you may able to optimize your profit chance, Being greedy in control doesn't mean you trade like someone who don't know stop but trying to make more profit with take risk intelligently.

They could be like that but generally expert of economics are better or in this case foreign exchange trader will giving best result compared to psychiatrist, also if we want to say they are better than forex trader just because they know more about psychology is simply outrageous and too oversimplify this discussion.

@gober: I think many people will say that forex can become a main job for us. It is not a big deal for anyone who gain experience with foreign exchange but for someone who is just a newbie it is better to treat foreign exchange just as sidejob before start to change our main job to foreign exchange.

It would be better if new traders first learn about how to manage the risk and soon after that learn other thing such as profitable strategy, or technical/fundamental analysis and so on. It is good because if we can handle the risk better our chance to loss is lower, aside from that even we lose it won't be in huge number which reached MC.

Same here @sidejob. USD is the most feasible currency that i hold in my broker converting it to the other currency seems not a good idea to me now. Its rate getting stronger and also one of the most usable currency from my point of view. At the moment CNY is too shady to hold. So far only major pairs that i prefer so it means no CNY or other exotic for a while.

@milo beck Well Over-expectation is bad everything which is over is bad in foreign exchange trading. It is part of our emotion, when someone expect too much of the market then they don't realize their own place as retail forex trader, not as those big players and also expecting market to work based on our own expectation.

You should questioning your broker about their credibility if just because of scalping their server start have some problems. And broker who limit someone to do scalp might be a bad broker who love to do SL hunting and a dealer not the real broker. You should be careful with this because a lot people have been fallen to this kind of trap. In normal condition, scalping is fine and unlimited things to do.

Same here it must be regulator, strict regulator will help traders to eliminate mostly of those scam or shady brokers. Normal bucketshop broker will eliminated in this case after that i see their track records and few reputable and trustable reviews, also it is better if they have representative in my country.

Source will various for mafias or gangsters. I know mostly come from drug trafficking or becoming shark loan but not all gangsters or mafias do that, some open a business like gambling( well gambling isn't legal in some countries, but in other countries it's legal). The next problem is what you said, turing that bad source and wash it become a clean money.

I agree with you in order to pursue for bigger capital which means bigger possibiity for obtain bigger profit. No matter what compounding must be do in a better frame, you must know how much money you want to compound and what do you expect behind or after that compounding. Also after compounding it is better to increase your target earning.