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Yes, it is actually free from the risk when someone trade in demo account, no pain but no gain too. The only thing we get there is experience which is actually useful only if you really know what do you mean and also carefully planned your own strategies before. However, demo account is the most suitable place for anyone who are newcomers to start learning about forex.

I think it is hard to trade without emotion, but we still have chance not to give up to our emotions. We still able to control it and make ourselves better than before. It is not that hard to trade without emotions especially if you have a lot of experience to deal with many kind of situation in the market.

You need efforts which is not about just do and click, it requires analysis and this is where efforts show how good we are when trade. But one thing that i notice here that when you are proficient enough the analytical skills activation time suddenly dropped, you become faster when analyze and reduce the effort and saving your time to analyze which the most important and main component of forex, still not that easy but your effort reduced.

Yes it is pretty much true. For beginner is the most suitable place for learning most or all aspects about foreign exchange and how to implement it in real trading. I wonder up to now what will happen if demo account doesn't exist. We lose more and suffer more since it is not easy to trade in forex for the first especially for someone who doesn't have any knowledge or experience before.

Fixed spread means the spread is fixed and isn't dynamic, so it makes a sense to manage the risk but that is not real the bigger risk lies behind, because the market is practically created by the broker itself which want us to lose more since we are against them/broker. Spread is not a big deal if you have a good strategy and a good broker. Often, good broker has reasonable spread.

It is up to the session, your night/evening doesn't mean my evening. Usually when the session is calmer that is a good time for scalpers to scalp the market. Not really calm like sideways but still show some volatile movement only more in longer term. If you have sharp analytical skill then during volatile time is pretty good time to scalp.

Hm, based on view discipline will help traders, just see traders with higher discipline and compared it to traders with lower discipline. You will see a big diference between them, where the one with bigger discipline will be able to optimized the profit than the one with lower discipline, it also affect their traits and made them as better trader.

Not just five ways but way more than that. There are many hundred ways for traders to be successful with some principal and the basic core of foreign exchange itself. If you want to be profitable in foreign exchange, first fix your emotions and also gain more experience by keep trading over and over again.

There shouldn't be any reason for traders to be a trader but there are some people who said it is maybe hobby or something like that. the clear reason here is that you want more profit and make money, that is the one and actually mostly traders want to make money in this business.

If someone don't want to use stop loss then that is their loss. This feature automatically close the position which considered to be in loss, you don't need any kind of intervention to make your position closed which saving your time. Many experienced trader advise it because of its precision and its automatic nature, also if you already planned your RM, you will likely ended up to love it more.

But that is worthy to trade in stock market, especially if you are living in 3rd world countries and also some big stock market right now is more open towards foreign investors even that is quite protective with some rules which give a setback to some low amount foreign investors. FX forever would be the most liquid one and also having more orders to matched.

The price of arabica coffee futures on at the close of trading on Friday (26/05) ended up. The increase of arabica coffee prices is supported by bargain hunting traders. Bargain hunting which came after coffee prices became cheaper in three trading sessions this week. Coffee prices slumped around 2.6 percent, prompting buying by traders. The price of Arabica coffee futures for the most active contract closed up at 1.2930 dollars, up by 0.75 cents, equivalent to 0.58 percent. Analysts estimates that price movement of arabica coffee futures on ICE Futures New York in next trade potentially strong if weakening US dollar happened. The price of arabica coffee futures on ICE Futures New York potentially tested the Resistance level at 1.3200 and 1.3500 dollars.

Sugar futures on ICE Futures New York commodities bourse Friday (26/05) ended flat, down slightly triggered tug of sentiment. July's contract price slumped sharply in the previous two sessions, tumbling about 4 percent. The drop in sugar prices prompted a bargain hunting action by investors. But efforts to buy sugar are stuck with bearish sentiment such as crude oil price drops and political turmoil at major Brazilian sugar producers. Traders anticipate that lower oil prices will trigger sugarcane producers to prefer converting sugarcane to sugar than ethanol, resulting in increased sugar production and further pressing sugar prices. Tonight will be released estimation of Durable Goods Orders April indicated decreased. Analysts expect that crude sugar futures price potentially testing the Resistance level at 16.20 cent and then next towards 16.70 cents.

CPO price on Friday afternoon (26/05) traded weak. The decline in CPO prices tonight triggered by the strengthening of the Ringgit exchange rate against US dollar and the weakening of crude oil prices. Strengthening Ringgit makes the price becomes relatively more expensive for overseas buyers so that demand decreases. The decline of crude oil prices triggered by negative sentiment that caused CPO prices to decline. The weakening of crude oil prices makes alternative fuels such as those made from CPO declining demand. The price of the most active contract CPO on the Malaysian commodity exchanges today seems to be weakening. The contract price for August 2017, which is the most active contract, weakened by 35 ringgit or 1.3 percent and traded at 2,572 ringgit per ton. Analysts expect that the movement of CPO futures prices in subsequent trades potentially will decline with the potential strengthening of ringgit and weakening of crude oil. The price of CPO futures could potentially test the Support level at 2,520 ringgit and 2,470 ringgit.

Tocom's natural rubber futures on Friday afternoon (26/05) ended down. The weakening of Tocom rubber prices eroded by the strength of the yen and the weakening of crude oil. 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. On afternoon trade, the price of rubber futures for the most active contract on the Tokyo commodities exchange, ended down by 11.4 yen to 216.2 yen per kilogram, down from its previous close of 227, 6 yen per kilogram. For this week Tocom rubber prices remain positive around 1.2 percent, largely supported by the weakening of the Yen and rising crude oil. This weekend's price drop limits further increases. Analysts had forecast that Rubber futures is still potentially naturally affected by the strength of the Japanese yen and the weakening of crude oil.

Tin prices on the Malaysian stock exchange were steady at Friday's weekend trade (26/05), triggered by a pull of sentiment that kept investors cautious about tin trade. US Stock Exchange closed higher in late trading Friday (26/05) supported by tech stocks while Wall Street remained positive about the Federal Reserve's plan to cut its balance sheet. The price of the industrial metal traded at 20,430 dollars per tonne, equal to the previous close of the weekend at 20,430. Tonight will be released GDP data Growth Rate second estimation Q1 and Durable Goods Orders April indicated decreased. If realized will push the US dollar. Analysts expected that the movement of tin prices for next trade will move up if the weakening US dollar is realized. The price will face resistance level at 20,600 dollars and 20,800 dollars.

Money management and Stop Loss are related to each other because Stop Loss in fact is the part of money management since it is talking about when to close the position and related to how much money you should spent for losing. Knowing that forex need this one but many traders especially newbie seems to avoid this case.

LOL the same here, of course that is demo account the only account where i can get a lot of experience to analyze the news, sometimes i made mistakes and lose and in the other time i was right and made lots of profit. But that is a good old day, nowadays i spend most like 90% in real account while the rest in demo account for the sake of trying new paradigm of fundamental analysis.

Yes that is the nature of human, we want profit but doesn't want lose but once again that is one package, we cannot eliminate the risk and just want profit. Since forex is high risk business it is such a nature that it is also high profitable or lucrative business. We can just lowering the risk to as low as we can while optimizing the profit we able to get.

To me there are some losses which is inevitable even i see that my analysis have higher accuracy, i just say that is some kind of fate but not really desperate to it. We cannot predict the market for 100% but as long as me myself earn more profit which is twice as much as my loss i would choose this kind of trading and also to reach ROI is not an easy thing to do especially for trader whose career is just nearly 2 years old.

That is the problem from traders, not the brokers. My solution to that problem is be careful, there is nothing wrong with doing a research first before jump into a broker, also a good and reliable broker usually stated if they are dealing desk or not, one of the example if FXCM which has Dealing Desk account and Non Dealing Desk account. It is normal to have high spread during news, because that is where the time is totally volatile enough and the market has unbalanced demand and reward ratio.

No deposit is too much good to be true, this is the fact and many traders i know become the victim of no deposit on lots of bucket shop type brokers. I advise to invest your own money i mean from the pocket, it will give you some sense of responsibility to control the money and when to spend that money. Usually sense of responsibility of your money lost when you use this free money.

I agree with this LOL. I said before it is all about emotion control, if you able to control your emotion you can trade in foreign exchange, you can control the risk you must face and the most important part is you can make profit as much as you can with minimizing your own loss, so the conclusion is optimum profit. If somebody fit that criteria , they should make money in forex, but if somebody doesn't well you still can join here, but if you have willingness to change yourself.

@sidejob i couldn't agree more with you, it is clearly stated that traders encounter losses because they don't know how to trade, or they just partially know about it. To solve this problem i propose that a trader before they jump into real account should learn forex theory and practicing in demo account, only by doing those two they will avoid such circumstances

Sure that is one of the best account you will ever had. The account where all is real, it reflected itself to the market from various liquidity provider and also if you join an ECN broker the rate will be quite low and even compete with those zero spread broker , since floating is make a sense mostly non dealing desk are using it.