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It is more like the matter of feeling rather than real life data, I recommend still 6 months at least for traders who really want to participate in real trading later. In demo account, people will learn without worry but in real account, the difference is so big, real loss means real loss. Keep trading and the more you trade in demo account the more you learn from it.

A very good feature where you don't have to close the position by yourself and you don't have to monitor anything which makes life easier? Damn, why everyone should not use this one. Take profit is worthy for every inch of it. A feature which made to make a modern traders time getting easier, also we don't have involved any kind of emotions when using this feature.

Hate it or not foreign exchange will always be popular despite its high risk. As long as foreign exchange still have big turnover people will move into it and will keep doing that no matter what, no matter what the risk there will be always a fool and they will keep trading for that, it is just the matter of profit which i think is equal to the risk in forex.

To motivate someone forex as money factory is possible thought, it could give you constant earning each month. If you think that like that it could be true, but Thoughts about Forex as "Money Factory" distorted by many traders who become lazy enough because of such thoughts. If someone said it cannot be, then what I called someone who produces constant profit each month? It is not like factory?. I changed my mind now.

I don't know if that is easy or not for the other traders but still invested your money in gold is for the backup case. If you want an active income I suggest either foreign exchange or stock, both give better rewards rather than gold trading. Gold also requires bigger profit to survive not like forex which just way smaller than that.

This is why i prefer fundamental analysis since in theory and mostly practice will bring much better and more rewards. I am not talking about playing with rumors but still take it under consideration before choose the right time to open a position. Fundamental which based on new has strong and valid points to be our main factor before to buy or sell a currency or even doesn't participate in any activity.

Would not collapse? Well not in economic sense but with war it is still possible, we could say it would be collapsed but it could rebuild... It just takes more time and considering the economic failure too. I also planned to make forex as my main source of income, i am glued to this business, its flexibility, its potential, its risk, and its freedom to choose when and where to trade . All I can say as 21th-century man, this business is feasible for living.

Because it is a high-risk business? Well, not everyone made for this business and not everyone could handle the risk in foreign exchange even well it promises the financial freedom, but have you ever see the disclaimer below of every homepage of the broker you've ever seen? It said forex is a high-risk business, they give us a warning but don't say forex is a financial freedom and so on.

Agree in the end if somebody wants to feel a success or want someone to call them a successful trader they need to get a positive pips or profits. The more profits they got the more people and him/herself see a success story. To become successful sooner there is no other way, but keep training and keep trading, only with that way your skill will sharpen as the time goes on.

Well, popular pairs, of course, is the most popular one which people love to take. There is higher liquidity there thus guarantee the chance of price movement especially for traders who need a huge momentum. Unpopular pairs are without any advantage, a trader with bigger capital could be a market maker, where they are the one who influenced the price.

That is why I state before those people who don't want to use their stop loss feature is because they don't want to use it not because they think that is as useless feature. This can be seen on scalper's trading activities. They prefer to cut the loss manually since well 10-15 pips are actually pretty much easier to reach in shorter period.

That is one big disadvantage, there is converter if i don't make any mistake about it but I don't know how useful that tools for traders. MQL4 supported OOP like paradigm which makes it more similar to MQL5 thus rendering MQL5 obsolete and as we can see MT5 adoption rate is low while MT4 still as big as ever.

There is nothing such as free risk in foreign exchange everything still able to lose their money, what we can do is just to lower that chance to near zero. Risk management, in this case, is the only way to do that, makes us better as a trader in near future also by applying a risk management you are controlling yourself from doing foolish things.

No matter what kind of broker that you are using right now, your regulator must be strict enough to punish a broker if they do something bad, even with the strict regulator there are still very small chance for a broker to play dirty things with you. In the end, it is needed as the first barrier from a typical bucket shop broker.

Even it helps trader with small capital by use leverage, the risk is still high so it won't help like 100% of your trading strategy. Lower minimum deposit compared to Stock is the biggest help where traders want to get bigger chance to earn money with as low money as possible.

MT4 still the best platform in sense of popular because there are a lot of traders that use them right now, and not just traders but brokers around the world from small to large one. As long as MT4 still stay agnostic and keep supporting EA, I am sure this throne won't be replaced by any kind of platform in near future.

Sure you can improve yourselves with take profit, with that feature you can sharpening your skills to predict the future aka analysis. You can predict how much money or profit you will gain from it. Take profit is not worthy for just newcomers but also for big traders. Plus because take profit i don't have to stay alert like for every seconds.

People want security but it is quite hard for somebody who doesn't have any privilege. We want to earn money but the most rewarding money could come from the high-risk business such as foreign exchange or stock. It will be always popular as long as forex's turnover doesn't fall down up to 50%. People will flee if those were true.

Compounding is a well-known strategy, the only problem is that many people want to get profit as much as they can without worrying to get bigger capital or they simply think that compounding is much waste of time strategy. It is not if you do it right, the reward is big as you can expand your capability and able to get higher heights.

Nah, that is the key improvement. Many newcomers i saw during my career in forex thinking only to make money. Well, nothing wrong with that but without thinking how to improve, achieve something like that is pretty much hard and near impossible. By improving to certain level we will make ourselves different than others and lead to a more successful trading career.

Well, it seems that what you said is wrong. Gambling is not an art, I wonder why people make it similar and forex also sometimes could be art sometimes not to some people. For me, it is still a business which i mustn't treat lightly and also forex is a job where I can make money, so I need to use logic here not influenced by emotions.

What kind of understanding you mean here? Gangster and Forex world are tied, they are part of it and they are one of the traders. You may not know if you use ECN, that you are trading with a man who is someone whose work for Mafia or Yakuza on the other parts of the world. This anonymity which helps this kind of trading widespread.

Australia's business conditions are still not translated and peaked in July. Data released by National Australia Bank (NAB) on Tuesday this morning showed the results of the Australian Business Trust survey for July was at +12 based on prediction at +9. In addition, the NAB Business Condition Survey is at +15 position from the previous +14. Following the report from the NAV, AUD / USD shows an increase around 0.25 percent to around 0.7933. The pair has decreased with the numbers at the number 0.7916 and the reason is a recent Trade Balance report launched by China, Australia's number one trading partner. China's exports for July were up 7.2 percent, below expectations of a 10.9 percent increase. While imports, soared to 11.0 percent, still below the predicted increase of 16.6 percent in units of dollars.

US dollar remained stable with a slight decline in Asian trading on Tuesday (08 / August). However, this currency is still a success at the end of last week. It seems that Dollar Index, which measures the strength of the US Dollar against six currencies of its rival mayor, stabilized at 93.412. Shortly after the US NFP data on Friday. After this, investors are still waiting for further instructions to be given by the Fed related once again rate hike. "Looking at the conditions of the futures market for the Fed, no less than 50 percent chance for the Fed to rise tribes back this year," said Bill Northey, Chief Investment Officer of Private Bank Group U.S. In Helena, Montana, told Reuters.

The amount of money you will get from long term trading surely bigger rather than short term trading. In long term trading, your target, of course, is bigger around hundred pips since you trade in relatively longer period compared to short term trading such as scalping. In scalping, your target would be around few pips or even in pipettes.