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Possible as long as you follow the rules, and also with just few loss doesn't mean that somebody should stop trading, before i got margin call and lose few hundred bucks but still able to recover myself even with much struggle. The key is in risk management if you able to manage the risk without violate the main rules of risk management you'll be safe.

I don't get what do you say here but diversification requires careful attention since that is not easy to invest with huge sum of money and try to manage all of the investment in the same time. If you have that much diversification is good but for now $3000 seems quite small. I suggest to put all in FX, one of the best place to get return. in one year if you have good analytical skill you can get ROI.

In tough situation i think i would focusing myself on money management, it is important to reduce the risk overall especially when i lose my money. If you are in abundant state where you have a lot of money then you still able to apply money management in less manner, in tough situations you also can reduce the amount of lot size you want to use.

Stock is pretty good place for people to invest, but forex has its own good place compared to stock. Stock rather has lower pace of investment movement while Forex as we know is way faster which means it is more volatile than stock, not to mention it also has bigger liquidity and keep growing since more banks become interconnected than before.

I agree with you that is not even addiction that is just want to live by use forex as the main source to earn more money. There are difference with make a living and addiction to foreign exchange, if we cannot control the emotions or do something bad with foreign exchange i can classify that someone is truly addicted to foreign exchange.

In the end it is the matter of skill, right? Forex is all about skill from the skill to make an accurate analysis to the skill to manage the risk and reduce the loss to the as low as we can. If you improving your strategy then the chance to make profit would be bigger than before when you didn't, but trader expected to earn with multiple broker if they can not with just one.

Money Management is the part of Risk management so that is why it will play important role for the trader's success in this business. You shouldn't concerned too much but you should pay attention to it, since this is the way to reduce the risk or to eliminate those unecessary risks. It is just like if you have good defense without good offense you will still ended up losing.

When you are using Expert Advisor, we must use it carefully considering that its automatic nature which make it unreliable at some time. It is good thing to try the newest/cool/easier way to trade, and as long as you have experience to deal with it i don't think there would be so much problem when you are into EA.

Nope, loss is loss that is what i hate that is why i try as the best as i can to avoid loss. If you i love or that is the beginning i want to experience that, but that is not the case. The reason people encounter a loss basically because they aren't prepared to their tactics and strategy, also their analysis usually weak.

Yes emotions should be controlled at all cost and that is the only way to reduce the risk, it is actually not easy considering that a lot of traders around the world seems failed to do that for certain period of their forex learning but it is worthy to try and this is actually a lifetime learning for us because emotions is one of the hardest part of human life.

It would be better if you spend higher lot size for scalping, but if you are not a confident one the smallest is better because it means lower risk. As for somebody who spend bigger lot size, they may effectively lower the amount of pips they should have in order to make bigger profits or to maintain their current profit.

Scalping is good for everyone with a similar view when want to make money. Scalping is profitable as long as you know what to do, at first it is not that profitable but the risk is still present only it is easier to reach because the range for scalping is pretty much low compared to long term trading.

Yes for sure it still attract a lot of people no matter what, who doesn't want to get free money to trade or to hold the current position you still opened? But that is not the definition of success. A trader who want to be a successful one should learn to trade , if you able to make profit and control the risk you will be different.

Its potential in fact is way bigger than what we can imagine before with more turnover come from other places. Considering that forex has its own potential it is not a big deal that a lot of traders want to make money here, but the most important one to remember is that making a living in forex means you must consider forex as serious business and not as part time job.

Tin prices fell on Friday's weekend trade (08/06). The weakening of tin price is depressed by the US dollar rise. A rise in the US dollar makes US dollar-denominated tin prices expensive so demand weakens including Tin. Tin prices have weakened over the weekend and the impact is quite great. The price of the industrial metal is trading at 19,180 dollars per tonne, fell down by 1.9 percent from its previous close. For this week the price of tin plummeted 6.1 percent. The plunge in tin prices has been steadily declining throughout the week, depressed by the strength of US dollar, the metal price rally in China, the weakening of Wall Street and depression of a terrorist incident in Britain. Analysts expect that the movement of Malaysian tin prices in future trade may potentially weaken limited if the strengthening of US dollar continues. But it should be observed bargain hunting action after last week fell 6 percent. The price will face the support level at 19,000 dollars and 18,800 dollars.

Crude oil prices rose on Monday (12/06) supported by bargain hunting as traders predicted that the market may have hit bottom after recent sharp declines, although the physical market remains swollen by oversupply, mainly from the rise in U.S. drilling. West Texas Intermediate (WTI) was at $ 46.08 a barrel, up 25 cents while Brent crude futures traded at $ 48.43 a barrel. Traders said that rising prices were behind speculative traders who raised their investment to crude oil prices, taking a large number of long positions, which would benefit from further price increases. The soaring U.S. product. Undermining efforts led by the Organization of Petroleum Exporting Countries (OPEC) to reduce production by nearly 1.8 million bpd through the first quarter of 2018 to tighten markets and shore up prices. Analysts expect crude oil prices to potentially rise if bargain hunting continues. But concerns over US and global production increases, as well as an increase in the US dollar if it continues can push prices.

CPO price iat the end of trading Friday (09/06) ended up. This afternoon's CPO price rise ignored bearish sentiment for the strengthening of the ringgit and the weakening of crude oil. The rise in CPO prices triggered bargain hunting investors after CPO prices slumped around 2 percent this week. The price of the most active contract CPO is closed on the rise. The contract price of August 2017 which is the most active contract rose by 9 ringgit or 0.4 percent and traded at 2,453 ringgit per ton. Analysts expect that the movement of CPO futures prices in subsequent trades potentially weakened overshadowed the potential for crude oil declines, with still stronger bearish sentiment in US and global oil production growth. However, the weakening could be halted if the US dollar continues to strengthen, which gives the Ringgit weakening that could lift the price.

Natural rubber on Monday's afternoon (12/06) ended weak. The rubber price weakening was triggered by the strengthening of Yen. A rise of yen makes the price of commodities traded in this currency relatively more expensive for overseas buyers. The impact of demand for these commodities has decreased. In afternoon trade, the price of rubber futures for the most active contract on the Tokyo commodities exchange, ended down by -0.1 yen to 186.9 yen per kilogram, down from the previous close at 187, 0 yen per kilogram. Analysts expect that Tocom's futures rubber futures movement will move weaker with a stronger yen. However, if the strengthening of crude oil continues to support price increases. Futures of rubber futures on the Tocom exchange will test Support levels at 180.00 yen and 175.00 yen.

That is a pretty good idea also that is more reliable rather than peek at the review in some unreliable review sites. It doesn't mean that review sites are unreliable but there are some which are not pretty good and can be paid , but that way my friend requires more funds and for someone who have limited fund that is not a good idea for them.

That is true, but that is not the reason why they should lack that thing in future, and i am sure if a trader want to keep learning they will shed some light and if they want will be a better trader. If we were newbie, i suggested that we should spent our money on compounding and built our own account from small account or nano account to the big account where we trade for 1 lot or more per position we opened.

Yes i agree with you but remember there are some people who content with dealing desk broker and if dealing desk broker is not profitable , i am sure there won't be any market for them. But the natural and actually still lucrative but many newcomers don't know is non dealing desk since it is not that easy to know if one broker adopt dealing desk approach or non dealing approach.

The success in forex means better risk management and enough capital to hold the position. But it is not just that a proven and profitable strategy is needed to cover some losses we may suffer later, also when someone said that you need luck well that might be true but not for each every single open positions you have , Almost of your trading based on your skill which reflected from your total experience since you the first time trade in foreign exchange.

Emotions Control to be exact because we need to control not just one emotion but more than one. Greed is emotion, Over Confidence is also the part of emotions which should avoid and few more. So by learn to control these emotions we are able to trade like we don't have emotions, i mean all our decision based on our rational thinking. That is what this thread all about.

Yes it is the most important one which trader from all over the world shouldn't forget. To everyone risk management is what we should learn first, because in order to survive in forex is not about making profit but making a strategical loss, i mean that even you lose you can recover it back with one or two tradings, so it would become a big burden even you lose your money.

All of you don't have to worry about your broker situation especially if you registered and make a deposit through a licensed broker which has a strict regulation. Your money for me would be 99.99% safe. There are rare cases where the broker which joined a strict regulator to be scam or playing with the price feed because the risk is bigger for them.