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Sure it has something different about it. First of all, I must admit that it is easy to trade with MetaTrader 4, the button and UI are pretty neat makes newbies easy to trade. MT4 is also an agnostic platform, you can use one platform for multiple brokers and with easy linking too, compared to a proprietary platform by some big brokers we know.

Trading for living is a good thought and I want to do something like that in future, where my main income for sure comes from foreign exchange. With that mindset, of course, i will treat forex more seriously right now and also more thoughtful when i trade like open a position and close it later, also don't let emotion to take control a lot.

Today crude oil prices hit a two-month high, lifted by the increasingly tightening US crude market and the threat of sanctions against one of Venezuela's OPEC members. West Texas Intermediate (WTI) surged more than $ 50 per barrel on Monday and was at $ 50.02 per barrel, still rise about 25 cents, or 0.5 percent from its recent close. That means that almost all of WTI's bullish curves have moved more than $ 50 per barrel. Crude prices have risen about 10 percent since the last meeting of prominent members by OPEC and other major producers, including Russia, when the group discussed potential measures to further tighten the oil market. Furthermore now sellers are seen trying to steal opportunities when crude oil prices move near weekly resistance at $ 50.20. The price then moves down to $ 49.64, but there is still some room to a strong support. The bullish trend of commodity prices is still stable and now on the intraday framework seen a strong support that prop up at $ 49, 35.

Last night there were two important economic data from USA namely Chicago Purchasing Manager's Index (PMI) and Pending Home Sales, where the results were mixed ie for Chicago PMI data fall down to 58.9 and Pending home sales rise around 1.5%. Despite all that data, that is sure until now the US dollar is still overshadowed by selling pressure. The dollar remained near a 13-month low against a basket of currencies, weighed by continued political uncertainty in Washington and doubts about whether the Federal Reserve will raise interest rates again this year. Market expectations that the Trump administration will be able to push the economy through its pro-growth agenda got another blow on Friday after the US Senate failed to replace Obamacare. US Dollar Index, which measures the greenback's strength against six major currencies, observed at around 93.25, after ending Friday's session the price fall down about 0.6%. The index has fallen about 2.2% this month and is down about 9% for the year.

Hmm, I think that the evaluation could be a good idea but that is actually not the good time. My reasoning because a very good time to start trading is when you already have basic knowledge about forex. With the basic knowledge, you can start trade any time in demo account first before switching to the real account after you feel better.

Does Tickmill have some kind of social trading where you can communicate with the other traders and copy their trading system? As far as i know, there are only a few brokers that offer the same feature like that. Copy trading is good innovation but may teach newbie to lean on the others without the need to change their own trading style, but i think it maybe a good start for them to start forex.

I agree with you totally in this case. The risk will always exist for forex no matter what but the real deal is actually how to manage the risk so the risk will be still as low as we can which means we need to get more profit and fewer losses. With those applied, the risk would be lower than what we expect.

True, however no deposit theoretically would help traders to gain success in foreign exchange. Why? Just look at the capital they had, without capital and with capital will give different clear situation for trader, you can gain success if you have capital but if you don't have capital when you can start to trade? Never.

If by that what you mean as opening a position manually that is true. You will get experience of when the right time to open the position, as for the closing it would be good to give it to the automated system, especially if you already set the plan of how much money you want to get, Trailing Stop in this case also a useful feature to give you more safety feature after gaining some profit.

I think you are out of the topic, and long term for newbie is profitable as long as they keep applied that strategy over and over again without ever switch to the short term strategy such as scalping, but in the end if you want to see the real result is real account make sure that in demo account with long term strategy you can gain consistent profit.

You can use demo account for that purpose, and when you are getting better after series of trainings in demo account your profit will be more consistent because of the experience you got that will sharpen your analytical skills and your risk management, the result is optimized trading which means consistent profit.

Your calculation is right, 1 lot size means 100 pips for that, and 10 lots mean just 10 pips needed. The risk which lies behind that lot is actually big. $1000 for individual traders is too big for me, especially for traders who just trade like 1 or 2 years. Too early, even for the veteran that $1000 is quite big for them.

According to the theory, well that is what will happen to you imagine when you can trade without any troubles in your mind. With that condition, you can focus on trading without any problems. As for the right broker, it will put our mind at ease since we don't have to worry about scammy brokers.

So what's the deal? I mean it doesn't have any connection with trading via mobile, there is no hint too. In fact, if somebody wants to be a more proficient trader, they can trade through desktop or even mobile if possible for them, it is not the matter of what kind of platform they use but their trading's frequencies.

Yes, couldn't agree more with your reasoning. The opportunity forex gives to us is way bigger, the vast market with trillion turnover just from spot trading. Imagine just few percents that we could get per month? That would be a great way to make money, but besides there is a risk for that.

What I am talking about is the loss that they suffer in their whole career as foreign exchange traders. If you never lose your money even once, maybe you can share some tricks here, but all traders surely lose their money once and this is unavoidable. Sure that profitable traders are profitable one but do they never lose once?

Yes, MT5 seems like a stagnant failure and I am sorry to say that is not so the great platform like it used to be and what it intended to be. Acess to stock doesn't help, and it failed to apply the FIFO rules by US regulator(CFTC). MT4 is pretty stable with some good additional updates right now and preferable in financial trading.

Huh? I am talking about making profit less not about CFD, as far as I know, CFD is a pretty much risky business. If we want to make a correlation between those two you need to know that little profit in CFD isn't bad, what you need is steady profit not try to take unecessary risk for bigger profit which is harder to hold and may lose instantly in a matter of seconds.

I couldn't agree more with your statement above when we trade it is better if we didn't use any guts. It is good to use the indicator which is more objective view to us. By utilizing indicators, emotions could be subsided to the lowest as we can and practically we trade better.

@sidejob Ctraders is a good platform but the execution so far is slower compared to MetaTrader 4. Forget about MT5 right now, i tried it again a few months ago but it is slower than MT4 and needs more RAM, I do wonder what meta quote did to that platform which trying to comply with US rules.

Not in all cases and it tend to be unreliable compared to fundamental analysis which in most cases reliable analysis for people to use. Remember that 85% movement in the market because the news which affected people and big firms to buy and selling the currency or to speculate there. This is why i prefer Fundamental over technical.

Euro is strong even though it is strong enough, it still able to do the majority of exports aside from China. Euro is better as hard currency but it is not good as the way to store money in long term, the rate is near zero and effectively doesn't make me want to hold my money there except for the sake of speculating on the market.

So you will see that the price for each broker has the difference but usually in matter of one pipette to two pips at most. While in Stock that is all the same thanks to its centralized market. Choosing one of them is quite hard if you have qualification for both, Forex has advantages in low barrier entry and its flexibility which make me choose it.

Since forex is risky business from many POVs that is why we don't have to trade every day. I also don't see any merit from myself to do this. I only trade when i see there is a momentum for that. Of course... that momentum won't coming every day, it is just once, twice, or thrice in a week. I even don't trade for 2 weeks because i don't see any momentum to trade.

Well, this is why I said that to take the risk you can afford is the key here, by taking the risk we can afford no one will complain and they will take the risk intelligently. This is good for their long term career, it will save their account from any stupid way to lose.