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If you want to trade successfully then take an action now, i don't care if you choose real or demo account just choose which one that you think is the best for you and after that keep in mind that the risk management will help you, i mean your money that you want to trade should be handled well.

Not true small profit could mean big risk too. One of the example is scalpers usually they put higher SL compared to their TP which means they are ready to lose more than earn. They accept small profit because it doesn't change the substance of profit whether it is small or big.

Demo account is a good place to learn friend, and yes someone need to be diligent in order to get what they want. In my own opinion, you don't have exact amount of how much days, months, or years you should spend your time. Some even only spend for few months but already earn from forex, some even need years to spend in demo account.

It somewhat tricky to me compared to the others, choosing pamm manager is just like choosing wife LOL. We put our trust to them to manage our money which is more similiar to that housewife for sure. Statistic is so much helpful but i think that is not the only consideration to choose pamm manager, it must have good track records and its remuneration is good for both sides.

Money management actually already included stop loss inside, which means that we already take an active approach to know how much we are ready to loss and as the compensation we hope the price also to touch our TP which is counterpart of SL. Talking about how important both of it(MM and SL) well i must say it's very important as the new way to minimizing loss.

SL and TP as far as i know still worthy for trader. Since trader can minimize the risk and able to trade better with this kind of feature, before you must stay awake to cut the profit or your loss but right now thanks to invention of Stop Loss and Take Profit you don't have to do that, also to be honest the precision of TP and SL are bigger than manual click of human.

New York actually the best compared to the others and most of traders react based on this timezone, even you live in the country trader will trying as the best as they can to adjust with this timezone. USD which primarily in US circulated a bit faster during New York Session.

@sidejob: Positive slippage means more profit than usual and also more money into our pocket, if we trade with small lots maybe that won't be such a big issue but if we trade with bigger lot say one lot size or even ten lots? Damn even one pipette slippage if happening would be worth for us.

But emotion what makes us now, emotion that drive us to trade in forex. If you trade without emotion you cannot make profit there is no motivation. The point in here is actually control your own emotion and don't annihilate it. Controlling emotion like Warren Buffett said will bring a lot of profit for you and ensure your profitable trading.

This is not about get profit or not but can you do that daily or not? Of course this is practically impossible, never in my life i see a trader that can do daily profit until that person die or that person stop their trading activity. I also don't buy the myth said that someone can do this even your MM and RM is soooo gooood. It never happen to be short.

Sooner or later it may since this gangster actually get their money through bad way i mean like taking those money from citizen first and then doing money laundry and also usually this kind of black organization usually don't pay their own taxes even they paid it would be in smaller number.

Who love to lose their money? A trader only want profit and win each of their open position including me who wish like that too, but this is reality not all can do that and no one to be exact can win forever. Psychologically if someone already isolate theirselves it means forex destroy their lives, it is better to consult at psychian rather than sorry for later.

I find this thread hilarious dude, i mean original poster think that forex is worse and more dangerous compared to binary which is the new type of forex. In binary some people lack of capital management and the worst is how can someone paid you back even you lose? This is what i want to know too.

Yes, one of those risky businesses that exist in the world is actually forex. It still lucrative and many traders want to make profit from it because that is risky and profitable at the same time. You can see that there are a lot of newcomers that still enter forex despite of its high risk.

I make more money through fundamental analysis because i think fundamental analysis which give me the most accurate view about current trend that will happen. It is also what drive the larget portion of price movement which happened before in forex compare to technical analysis or others.

Will help but with the fact that you are also has capabilities to manage those capital. Compared 2 traders who has capabilities to manage capital so well but has different amount of capital, the first has large capital while the second one has small amount of capital. We can see the first progress faster and earn more.

It will be still popular and also profitable as long as someone can earn money from internet and also there are small possibilities for peoople to earn money from forex. As long as one country want to do foreign exchange with the other countries and as long as there are a lot of currency.

Main job means that your job is the place where you put all of your expenses. If you want forex as main job through your life, it means that you should make sure if all of your expenses already included into your forex earning. If all can be included then YES you can switch if not Never ever think about change your main job to forex, no matter what everyone say.

WIth this three of course experience is the best, it is also education to be exact a long term education for traders. They can learn from it over and over again also make themselves familiar with the situation. Luck actually the worst but if you get it once you just like making big bucks or something but this is super rare and cannot be happen in frequent times.

Well spread is so much because it lack of people who want to trade here, unpopular pairs for sure has nice movement or even doesn't have something like that, but you could be a market maker here, even you buy or sell will affect surely the movement, if you have bigger capital this maybe suitable for you.

First of all what kind of mystery? I mean forex is not myth it doesn't have magic inside, just logic and also emotion that playing bigger parts here. You wouldn't find any mystery except mystery of how much you will earn here LOL. Putting that aside i think forex is high risk business don't see it as mystery because it doesn't have such a thing.

Inherently sidejob it is not a gambling no matter how much similiarity, if based on your post before then it means that everday in our life by using that perspective means gambling. Is our life gambling? I don't think so. Forex has some similiarities but it is not just gambling, which purely based on luck unless you put math strategy there too LOL.

Broker is the main part of forex without broker how can those banks connected to speculator at home? How can you and me trade? Since it is the main part of fx ecosystem people will indentified broker with fx itself. Once broker become a scam one some people will start to think forex as failed or scam business.

@stekin: True, if cannot manage your account it is advisable if one trade doesn't take more than one account with one forex broker. However, as long as you can manage it then just do it, but i recommend at most 3 accounts with one broker. Using too much account will requires more attention and exhaust yourselves.

Right now i think it back that there is no such as Safe Haven currency, since the world more connected and many people can play the price of one or two currencies to certain price that we never think before. But currency which close to safe have status only CHF, JPY, and of course USD which become dominant since early WW2.