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That is true since we know that forex is not for everyone and not the most suitable place for everyone to make money. But forex has a lot of reasons why we should trade there such as flexibility of working hours, you trade for your own which means you work not for your boss or others.

What kind of nature? Forex is pretty much stable but I know that it is all about the pure speculation but even the speculation in forex does not exist or just small fraction of forex, the market will always exist, because there are more currencies here available and also it used for trading like export and import.

Make a sense and i agree with it. The copy trading feature is innovative idea, but make trader lazy to learn since they just want to copy the other trader and if that trader lose the money the one who copied it will lose too. That is my only problem with that idea, but basically it is also good for trader who copied by others because they still get some shares.

If we talk about how much money that should invested in multiple broker i think it should be more than thousand dollars should available for us. Manage more than one account in different broker is exhaustive, also once we lose we need to recover faster. The worst case that you may cannot withdraw your rofit for years.

Crude oil prices fell in late trade on Friday morning (21/07) due to concerns about surging global crude supplies dragged prices lower after an initial rally pushed Brent above $ 50 a barrel for the first time since early June. U.S. crude futures prices of West Texas Intermediate (WTI) ended down 33 cents, or 0.7 percent, at $ 46.79 a barrel. While Brent crude futures prices, an international benchmark for oil prices, fell 39 cents at $ 49.31 a barrel. Traders expect prices to stay near current levels ahead of Monday's meeting between major OPEC and non-OPEC producers in St. Petersburg. Petersburg, Russia. Oil prices also fell in line with other risky markets in mid-morning after Bloomberg reported that Robert Mueller, who was appointed the special adviser to investigate allegations of interference of Russia in the 2016 election. Analysts expect crude oil prices to rise if the weakening US dollar continues until the next session, but fears of an increase in global supply are still looming for this precious commodity. The price of crude oil is expected to move within the resistance range between $ 47.30- $ 47.80.

Gold prices rose in late trade on Friday morning (21/07) after the European Central Bank's reaffirmation of the ultra-loose policy boosted the euro strengthened against US dollar. ECB kept interest rates at record lows and ensure the asset purchase program will continue on the 60 billion euro ($ 69.15 billion) per month at least until December and can be extended or expanded if deemed necessary. Spot gold prices of LLG rose around 0.22 percent to $ 1,243.15 per ounce. Meanwhile, U.S. gold futures prices For August delivery ended at $ 1,245.50 per ounce. The ultra-low interest rate that has survived since the global financial crisis of the past decade has been a key factor supporting the price of gold in recent years. Analysts expected that for the next session the gold prices will move weaker with profit-taking. But if the US dollar continues to weaken it will lift prices. The price of gold is expected to move within the support range between $ 1,241.00- $ 1,239.00.

US dollar fell to its lowest level in nearly two years against Euro in late trade on Friday morning (21/07) after European Central Bank President Mario Draghi said policy makers will discuss possible changes to the bond buying scheme in the autumn. Although Draghi said there is no set date to discuss any changes to the program and that ECB tribal counters have agreed in their decision not to change their guidance on monetary policy. Responding to this, the US dollar index, which measures the greenback against a basket of six major rivals, touching a session low at 94.090, marking the lowest level in nearly a year. It was last returned to 94.31. Analysts expect US dollar to move flat given the absence of significant US fundamental data that could drive the US dollar. Economic developments in Asia, Europe and crude oil prices will be scrutinized for the movement of the US dollar.

Trading forex for a living is possible and many other traders still do it until now. Just like other kind of business forex also have a potential for that, what you need to do is to be careful because this is your main income and single big mistake isn't tolerable, and the approach must be using risk management first.

What is the correlation between addiction and that mistake? From my point of view, addiction to forex usually lead to something worse such as excessive trade, and the worst thing is that it will afefct daily life of a trader, because it may interrupt with their sleep pattern or maybe their social life and so on. If you see a sign that someone got addiction it is better to ask them to consult to therapist.

It is profitable but the bigger problem here is how to manage the risk with scalping and the profit is also small, but with one advantage that you need only small loss range. Some scalpers even set bigger loss range for the sake of the price may return to the previous place.

You got the point here, all based on how comfy you are to one business you did but it would be better if you also take a look at the prospect of the business itself. Forex and Stock are both profitable and has a good prospect for the next future so doing both is a good deal, but the entry barrier for stock is way bigger than forex. That is why forex is suitable to me and similar people.

Yes i agree with you and why we should wait for a good time if we can do start to trade or practicing now. If you don't have capital yet, you can use demo account to practice for the first time, you may joined the demo contest to give you a broader view aside from trade in demo account only. So there is no obstacle really.

Maximized in what sense? Maybe you can elaborate it here? Practice, in fact, would be so much powerful learning tools for the trader and the impact is not a joke, remember your effort won't betray you. So the key is pretty much simple here, that you should keep practicing and later it will be flowing by itself and you got youh consistency.

@raniya Once again the key is actually the same it is all about hard working and to use the opportunity as good as they can. It could be said that forex is not a win win game or business, it is a win and lose business where one people could make profit while the others lose their capital. To survive you need to control your risk.

Forex is one of the best online business ever, people can choose their working time. This is what I like about forex aside from big turnover. THe flexibility which forex has makes me able to trade depending on the condition of the market, i don't have to trade 8 hours per day, just 2-3 hours is enough.

When you have higher liquidity in the market it will be easy to match your order, because more liquidity means more order and more people which put their money in the market. Usually it won't directly make the market moves faster but it will keep making it move especially if there are big trend. Overall it is good to enter the market with high liquidity.

Ah, you name it, that is totally right to think that forex is actually more flexible rather than another kind of business especially when we compared it with stock trading. Stock only has like 8/5 trading hours, while FX taking 24/5. Forex wins this flexibility which becomes one of the main reason people choose forex, but still its turnover and the chance to earn bigger than stock which driven many people's passion to trade/speculate, right?

That is why you should take the risk intelligently, right. This is the same like you want to make money from the business but afraid to take the risk. Tolerated level to each trader is different, so this is why some risk management like what I am using right now has the range like 3%- 5%.

Quality is good but people sometimes need quantity too. If you can combine both then you will be able to reap bigger profit. Quality, in this case, is lot size and quantity is pips. So if you increase the lot which and still pursue the same pips size, you will get more than what you get today with the same pips amount. If you want to be successful just follow that step but still step by step, don't rush.

Sure that is the one which reflected the real market, floating more like a closed market where it has the control from broker as market maker, so in fact we are against the broker, but in the floating one the market is come from multiple liquidity providers which provide us feed from lots of traders around the world in matter of miliseconds.

For me news is the best indicator to choose, I know the rate is not that high but in most case it is proven to be a successful strategy with a good risk management then it will be a great tools, also if you are typical trader who doesn't want to stay in front of computer for quite long time, news based trading could be a great indicator..

@aliforex Understand what? It seems that doesn't make any kind of correlation at all, not to mention that trade unpopular pairs means that you must deal with a lot of problems like the lack of liqudity which make it harder to close the position especially in ECN brokers. But you could be the market maker here by make the price move with quite huge sum of capital.

I think what you mean before is intentional loss, right? That could be one of the possibility but overall i see that people hate negative slippage, only positive slippage which they really don't mind. But rather than hoping for slippage, it is better if you just have a good risk management since slippage doesn't often happen to traders.

Market gap could be good or bad to us, when the market has longer good trend then it will make the price rise higher/lower than what we expect. Another slippage actually a bad thing, lose more than what we expect is something we must deal. Forex gap actually hard to predict but the consequences is pretty good/bad to all kind of traders

In fact this platform is a reallly agnostic one, the company metaquote created this platform for that purpose and as you can it is the most popular, but talking about the performance well it is not that great, but still more than just "acceptable", it also had a lot of improvement so far which make it more stable and more reliable than before.