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First of all, we need to reach an agreement about what is a factory means here? If the factory here means a place where you can make profits in a steady way or in a consistent way then forex is truly a money factory but it must have come with a proper and great risk management from the trader itself.

Australia's latest monthly Conditions Business Survey shows that business conditions in the country are still at a high level. This is good news, as data for last August, Business Confidence showed a sharp decline. Australia's overall business condition rose to +15 in August from +14 in July. The data is quite high above the long-term average and is the highest level since early 2008. The data also shows a trend that, according to NAB, is quite interesting to observe. Trade and profitability were slightly down again from July's high, but general conditions in those categories were still quite uplifted. Nonetheless, NAB highlighted the retail price index that fell into negative territory, after a steady decline in recent months. In addition, NAB is also concerned about the toughness of the Australian employment sector. Employment creation of 270,000 in the coming months is likely to hold the unemployment rate below the current 5.6% level. This is what keeps RBA satisfied with the 1.5 percent interest rate, and will keep it for some time to come.

The world's gold prices have slumped to their lowest levels in a week in line with the return of investor preferences on riskier assets such as stocks in the global market. Today the Asian stock exchanges have seen their peak position in recent years, with investors slightly relieved from their previous worries over North Korea's nuclear test threat as well as by no prediction of the worst-case scenario of Irma's storm in America. Reduced potential risks led to the choice of gold as a safe-haven asset reduced in the portfolio of global investors, as well as to attract profits after gold had perched at its highest peak of the year (12/9). The spot price of gold was at $ 1326.15 an ounce this afternoon. Analysts believe that the spot price of gold is fairly corrected to $ 1300 after a long rally before this, but could be rebound at any time when the risk of risk increases.

UK inflation for August jumped to the highest level since the country decided to leave the European Union last year. The issue of Brexit apparently continues to push up the cost of living in the UK. People have to pay more for fuel and clothing. This can certainly trigger big questions on the Bank of England (BoE), why they do not go up the interest rate. UK Inflation (CPI) reached 2.9 percent in August (YoY) up from 2.6 percent in the previous month, the ONS Bureau of Statistics reported Tuesday this afternoon. The data is higher than expectations of a 2.8 percent rise in UK inflation. As is known, the BoE inflation target is 2.0 percent, but most central bank policy makers are still expected to keep interest rates at a low of 0.25 percent at a policy meeting on Thursday the day after. The reason, the country chairman of Prime Minister Theresa May it requires preparation to face the challenge after the official leave the European Union. Following this report, GBP/USD soared to the 1.3205 level from the low 1.3160 ​​reached before the UK CPI data release. EUR / GBP drops to 0.9017 from the previous high at 0.9079. EURGBP signals a potential bearish EUR / GBP reversal. There is a possibility the price will plunge to touch the range around 0.8950.

The dollar was seen higher since the start of the week and resumed in Tuesday's trading session as Investors sold their Sell positions against the greenback, following a rise in Treasury yields and ahead of the release of Inflation data which is the focus of the next market. US Inflation data is a big risk for the market, given the current bearish position of US Dollar. USD will potentially soar when later on Inflation rises above forecasts. The dollar was the third most heavily traded in the global market since the first week of September, according to a survey by Merrill Lynch, Bank of America. The survey results are considered accurate because the Greenback is experiencing a pretty downward trend throughout this month. The position against US Dollar by Investors has swelled to record levels in recent months. This is triggered by weak US Fundamentals data release and changes in prospects for Fed rate hikes that are not possible in the near future (September). The Dollar Index (DXY), which measures the strength against six major currencies, is at 92.02 or up 0.16 percent. The strengthening of the Greenback is reflected in the movement of the EUR / USD pair which is at 1.1932; USD / CHF is at 0.9615 and USD / JPY is at 109.97. The greenback was only weaker against Sterling after the release of UK CPI data skyrocketed.

Oil prices had plummeted on Friday, due to the slow recovery of refinery activities in the US after Hurricane Harvey. However, the market rebounded after news of Saudi Arabia's energy minister Khalid al-Falih negotiated an extension of deals cut in oil output with Venezuela and Kazakhstan. WTI is trading at $ 47.85, and Brent has climbed up to $ 54.00 per barrel. However, late Friday's trade became a gray period for the oil market. On the New York Mercantile Exchange (NYMEX), futures contract futures for October delivery fell more than 3% to $ 47.48 a barrel, while at Intercontinental Exchange (ICE) London, Brent slid 1.34% to $ 53.76 a barrel. Although, analysts think that this condition is only temporary. In turn, the fall in the price of petroleum weighed down drilling activity. According to the latest press report from Baker Hughes, the number of oil drilling rigs active in the US fell by 3 to a total of 756, last week. Earlier, it was noted that OPEC and other oil producing countries, including Russia, had agreed to cut output by 1.8 million barrels per day (bpd) by March 2018 to shrink global oil inventories and boost prices.

I don't know what is going on with you but for me, forex is truly affected my life a lot especially when i missed one potential trading event. I also must stay awake for few days because of the crucial news during that time or wake up early for the sake of trading that New Zealand based news or even few Australian news

People don't learn but i must admit this innovation is one of the best that you can afford. Considering the throughput rate i think people who still don't have much understanding about foreign exchange would use it without any hesitation, in the end, that is because they know this feature is easy to use and could be quite profitable.

Sure it is very possible and that is right with a good skill you can make it true but you need to know that by using 0.01 lot size means you will get 0.1$ per pips. Which means you need to take like 10000 pips per day. Damn! 10000 pips? That is insane. For me with reasonable amount of money and target plus with a good set of analytical and managerial skills i am sure you can survive and become a rich trader in foreign exchange with stable income, so if you want to earn $1000 daily make sure to take 10 lot size per trading, it is easier to reach $1000 with just 10 pips.

A dealing desk and also a bucket shop broker, that is the worst. They control the internal market they created for them and step by step taking all the money. Here, we just talk about the theory but in practice, it's quite hard to make difference between dealing desk and bucket-shop broker. Stop Loss hunting is one of the features almost any bucket-shop brokers.

Yes, that is what i mean as the momentum. Find the right time to trade and grab the profit with higher probability to happen. I only trade when there is a big impact news such NFP or Interest Rate with some rules i need to check before opening a position. Overall I satisfied with my performance but this isn't a no loss strategy.

Even with that, you still able to lose your money. To be a true trading without loss you need to apply carry trading strategy, which I've said before. That strategy only rely on interest rate so you earning won't be that big but with the bigger capital you can afford bigger lot size and means more stable residual income for you.

Well based on my own opinion, It is rare to see a broker with the generous offer like this one, even if that exists there is a higher chance for that broker is a bucket-shop one. To achieve success in forex we should have more money in our account and the most important one is an accurate prediction.

Theory and practice is a good thing here, but i think the material that will be offered in universities will cover the basic and also advanced economic about forex. Maybe it will give some deep insight of some well accurate and popular technical analysis and also maybe some of their histories. It should give the practice to make it worthy as one of the university's course.

Yes mostly happened in the bucket-shop broker. In STP and ECN you will rarely see the thing happened. Many new traders usually complain about this one but the issue lies in the broker and there is some kind of misinformation that all broker do the same thing which i think is not.

Nobody perfect and why practice makes perfect? To me, practice makes us better and improving our skill as foreign exchange trader. Education is the first step and the following by experience. Luck is not really essential and feels free to depend on it but as my current place, I will choose experience and education as the core of my analytical skill.

Also, you need a risk management which is proper enough to bring your account from the margin call. It should be able to sustain you in long term just said 5-6 years. Gamble is the worst for sure but it is pretty easy to do in forex, many people especially newcomers do gamble in forex. What makes FX gambling and FX trading lie in risk management.

As per my knowledge, there is no shortcut to be successful besides continuing to trade in real or demo account. As long as you can focus on it I think in the first 3 months will look different. It is the matter of how much time you spend with trading, the more you spend it the more you have experience which indicated is the trader good enough or not.

LOL of course, how can you learn something but doesn't cost you something, like your time? IMO, trading with controllable emotion is a good sign that trader is an experienced trader who through the fire and the flames. Just take your time and keep trading, i am sure that you can trade as a better trader later

Who said that even you are so good it will be 100% risk-free trading? In forex, there is no such a slogan, but if you do demo account executively that is 100% risk-free trading. But regarding the current topic, I heard few people said that actually trading is a little bit of art and a little bit of science and to develop a successful strategy, your trading style should have a little bit of both.

Sure not an easy thing but that's not an impossible thing, right? Just say that your target is around 20-30 pips. I think that is possible to reach the target. You just need maybe less than 5 hours per day to reach it, especially if you have an ability to make an accurate prediction. The story is different if your target is too high which increases its risk.

Well it is not easy to make forex as the only business you use to make a living, moreover we all here already know that forex is a risky business, to be precise a high-risk business. You may end up losing what you can afford which makes it less interesting business from this perspective, but with many ads and successful stories about forex, i think there are a lot of us who still think fx is good for living even this is actually a not always exactly like that.

How can I see that as fun? I mean I enjoy trading in this business and my excited feeling when making profit that i targetted before. It is also not a game, it's a serious business where i try to turn into a place where I could make a living with it. FX is not a good place to gamble your money, in the end, forex is enjoyable business but not as fun as you may think.

Everyone still has some percent chance to lose in forex despite at how good you are when handling the risk in foreign exchange or how accurate your analysis in short, mid, and long term. A loss(especially for tragic loss like margin call) could be turned into a lesson if we learned well from that lessons.

To practice how to handle the risk is also a good option to try account, right? It is possible for all traders to do that, it just needs the will from each trader. The key to trade in a demo account is actually consistency and persistency. Doing that both will lower how much time you need to spend in demo account.