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Stop Loss placement is an important tool for me as foreign exchange trader, this feature helps me to control the risk, to make my trading more automated and safe my life a lot. If I must say, then stop loss is very important tools for all traders, it made for stop more losses, give trader chance to manage their own emotions in a more effective and efficient way.

@gaban Important and worthy at the same time, people usually forget how important this feature help your daily life and your trading career. At first, i manually trade, all the position closed by myself but that seems to be wasting time unless you are a scalper. But for someone who prefers a longer trading period, it is less hassle to use take profit and it also helps me to avoid greediness.

If we don't speculate in the market how can the price move? Well, there are some big companies that may make it moving but I think that kind of transaction doesn't happen in certain time also the frequency isn't that much compared to the speculator especially after reacting to such a high impact news.

You are right that kind of broker should be reported but they have their own reason from the reasonable one to the unreasonable. What makes it worse that some broker does this silently like against you when you use scalping so you will lose mostly when using that strategy. If that is non-dealing desk I am sure they will allow it because more spread to pay LOL

Desktop is a powerhouse so trading in desktop means that you will utilize its power to its fullest. By the way, desktop traders usually trade use cable which is more stable rather than wireless one, in most sense Desktop trading is more reliable and superior while mobile trading makes few strong points only, like mobility and its near zero delay access to the platform.

@sidejob Who love fee/spread on one broker when you can get the same one without fees and even better?. But be realistic this is business, there is a cost that we must think and calculate, higher fees or spread doesn't necessarily bad. Instead of trouble, I think the fees as the part that I must try to optimized so I could get more profit.

No argument here regulation is important at all cost, a trader should pay attention to this issue and the broker better be regulated by a strict and strong regulator. It will minimize the way for scammy brokers to keep scamming a lot of traders. It won't eradicate scamming brokers but would reduce the number in significant number.

Well, based on my opinion you got the feel of losing money but if your free bonus is coming up from something that you spend much of your time with, the effect would be the same. Back to the current topic, can no deposit free money gives us success? Realistically it is possible, but it takes many years rather than investing your own. It is possible but still very tidy and isn't an efficient way.

So that is why I said before we need to make it clear what kind of traditional works we want to compare if that is like those offline jobs then the discussion could continue. Traditional work gives us chance too, so do forex. I think the main problem is not that, it is the flexibility of working hours which makes modern jobs like FX more popular.

I've never tried it before but you can find a lot of threads talking about that, the biggest obstacle is the minimum deposit. If you look for more information on the internet the local broker usually set quite high while international one which connected to US Stock also still offers higher minimum deposit, there is CFD which related to Stock but is not really reliable way to make money from Stock, while in Forex I can invest with just relatively smaller amount and it has way higher leverage.

A human doesn't make for multitasking job, we just delegate it to someone/something(AI/robot). So that is also applied to this one, well you may do that but with the robot's/AI's help, or if you are someone who wants to do carry trading because that is another matter which employs other strategies. Also, trade with more than one broker said like 3 or 4 different brokers are cost ineffective.

Judging from your own post i think that is not the addiction, like me i cannot leave forex now i still cannot achieve ROI of my investment in this more than 2 years. I also want to earn here so i don't want it, the addiction we're talking here is when we cannot stop trade and obsessed with making the profit without trying to be realistic and it happened over and over again.

I am confused with some of your post here, what is the meaning of business need business? Yes i agree that foreign exchange is a high risk business but still lucrative one that's why people still into it. As for demo account i don't see much correlation with this thread, however only by use demo account only we can see the fact that foreign exchange is not for everyone, since some still lose there while others experienced otherwise.

Forex is a nonbinary and I prefer it, but the binary itself is gambling. The concept maybe seems real or good the problem that binary options have been flagged by FBI as the fraud. It also classified by some people as pure gambling like when you do a soccer/football gambling. The actor is the root of the problem in binary, they cheated you with its system.

Yes, it made for scam, usually at least few hours or at most 2 or 3 years. All depend on how admin manages the money. You must act fast just like when you want to scalp if you want to survive in HYIP, as for foreign exchange you don't have to do that. The most important part of foreign exchange is the risk management and profitable strategy accompanied with good analysis.

First of all it seems we need to make it clear what kind of traditional work that we want to compare here to forex, because if we want to be honest forex is also an ancient business with the retouch. It seems like modern business now thanks to internet. Compared to maybe other offline jobs, forex is more advanced but riskier at the same time.

But that is not an excuse sidejob, we should afford to invest our own pocket money, also if we want to be honest the minimum deposit on STP is quite lower compared to ECN. Just with $200 at least you can start your investment even with leverage like 1:200. Deposit free bonus doesn't guarantee your profit but it still gives you chance to start trading.

Yes, demo account is the most suitable place for the newbie to train their analytical skills and improve their risk management, for experts this place is a very good place to do experiment or testbed. For someone who loves to test expert advisor, they can use this account to make a more accurate view how this robot works and their implication in real trading.

Not all based on the pure speculation, there are some who depend on interest forex is just that majority are speculators which is traders. Forex surely has better return if we treat it better, but don't think that stock isn't lucrative business, it has a lot of people who wanting to make money here and it is a big market too.

In the end, forex is not about making the profit but it is also about how to manage the risk, how to reduce that loss so even it happened won't affect our account. In this case, stop loss placement will play an important part since we already estimated the loss before by a planned risk management.

Greed is the reason why some people want to enter forex thus increase forex total turnover even by small percentage only. As for anger, well nothing good from it, an unstable form of uncontrollable trading. This emotion should be controlled or if you can, eliminated. I prefer to control greed since that is the most reasonable way to do and I can do that sooner or later by practicing.

Again this kind of thought I mean that people want to be successful in relatively short period? Well, it is impossible to most of us. Few prodigies may be able to achieve this feat but they are extraordinary one. For me successful in forex means that you able to cemented your strategy, your tactics, risk management into a habit that gives you chance to getting a more stable income.

It is a well-known practice for dealing desk to "play" with their own customers, we are the victim where some account would be killed faster, while the others are not for the sake of getting more investors. Basically, the profit they got is bigger if they win but if not the loss is all up to the broker, not the traders.

I think that by making a comparison trader can see which broker that is more suitable for them in long term, or which broker is reliable for them. As for others, we can use it as our reference when we recommend a broker to our family or friends. Not all brokers are good and this is one of the way to know about it.

Some people said something like this and according to me forex is an art is true statement to the certain extent. The reason why i said something like that because there are many innovative idea that invented by others to trade which the pinnacle of making money art considering the growth of foreign exchange itself.