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Too much risk which you need to take if you don't know how to handle the risk. From my point of view, if you able to control or handle the risk forex won't be such a risky business, it is even looks interesting, but that is only if you able to sustain your trading and avoid the risk which you should avoid, you also able to earn huge here.

Ichimoku is pretty good but you need more indicators to combine with ichimoku, mostly traders i saw use MA or RSI or Stochastic, few of my friends said those 3 are the indicators which pass the test of time. My only indicator is news, that is one of the oldest and actually accurate indicator to trade, the higher accuracy makes it more appeal to me.

Mentoring by its fundamental is needed on many kind of field including foreign exchange itself. I think self mentoring or self learning is the part of it. We need something or someone to teach us even that is direct one or indirect one. Mentoring in forex i mean direct one requires more resources and if did well will give better impact for the student.

Mentoring by its fundamental is needed on many kind of field including foreign exchange itself. I think self mentoring or self learning is the part of it. We need something or someone to teach us even that is direct one or indirect one. Mentoring in forex i mean direct one requires more resources and if did well will give better impact for the student.

It is creepy when i saw few newbies think that they are good enough to make profit and just by that they will change their life but it takes years to make nice amount of profit especially if they don't have much capital in their account. Demo contest is a good alternative but i cannot say that is a good way to earn money for newbies.

I agree with the capital bigger capital and the use of low lot size because it means that we will lower risk and extend our account capability especially if we suffer continuous losses. And about using bigger capital or maybe what do you means lot size , that is depend because if you make a profit it will be also a big profit.

Crude oil rose at the end of late Saturday morning trade (20/05), the price rise for 2 weeks based on the expectations of OPEC and other producer agreements where next week to extend crude output cuts. U.S. crude futures prices ended up 98 cents or 2% and was first above $50 in more than four weeks. Brent crude oil futures rose $ 1.10, or 2.1 percent, to $ 53.61. Both benchmarks slipped back from session highs after a report that the US energy company. Adding another oil refinery in the last week. Energy services company Baker Hughes said the U.S. driller Adding an oil refinery for the 18th consecutive week, the second longest decline of recorded weekly gain. US crude oil prices soared this week by about 3 percent, largely supported by Saudi Arabian and Russian agreements to extend further production cuts until March 2018 and a decline in US weekly supply as reported by EIA. Analysts expect crude oil prices to rise with optimism of an advanced production cut deal between OPEC members and other producers. But Hassan Rouhani's victory in Iran's presidential election could provide a bearish sentiment on Iran's supply increase. Crude oil price is expected to move within the Resistance range of $ 50.80 - $ 51.30

At the end of the weekend trading on late Saturday (20/05), Rotterdam coal prices rose caused by rising crude oil prices. Crude oil rose at the end of late Saturday morning, postedg a second-week rise on expectations of OPEC and other producer agreements next week to extend crude output cuts. At the end of trading the Rotterdam coal price futures contract for July 2017 was at 75.00 dollars per tonne position. The price of the commodity has strengthened by 0.80 dollars or equal to 1.08 percent compared to the previous closing trade position. For this week, Coal prices jumped 5.71 percent, up this week largely supported by rising crude oil and a weaker US dollar. Analysts estimated that the price movement of Coal futures in future trade may potentially rise if the price of crude oil continues to strengthen. Coal futures prices may test the resistance level at 75.50.

Gold prices rose at the end of the weekend trade late on Saturday (20/05) and were on track for its best week in five years as US dollar weakened triggered by political turmoil in United States. Gold spot price rose 0.65% to $ 1,254.63 per ounce. For the weekly one, spot gold prices rose 1.9% , fueled by increased safe-haven demand and political turmoil in the US and Korean peninsula. While the price of U.S. gold futures rose 80 cents to settle at $ 1,253.60 an ounce. Donald Trump last week sacked FBI Director James Comey, sparking a political upheaval that culminated on Wednesday at the Justice Department, which appointed special advisers to investigate possible links between Russia and the 2016 Trump presidential campaign. Analysts said that safe-haven purchases have provided strong support for gold prices over the past six months. And with increasing geopolitical risks in the U.S. And elsewhere tend to push prices even higher, despite an interest rate hike in the US next month. Analysts also expect the next gold price will look at the movement of US dollar. This morning, US dollar was observed to move strongly, this could potentially depress the price of gold. But if the US and global political turmoil rise again, it can lift the price of gold.

Indicators for each trader are different to each others. If you are news based traders or trade which depend on fundamental analysis then you will prefer news as your indicator or even some rumors about the result of some speech and economic data. I use news as indicators, since i see that is one of the most accurate indicators you can find and it is more reasonable and also the motor of 90% fx movement.

Demo account is one of the most important part in foreign exchange which all of us cannot replace, it is important for all traders from novice to seasoned traders. I advise the newbie who just start foreign exchange to trade in demo account for some months, by doing that they will be more prepared than they are before when enter the real market.

Yes it is better for us don't mix any emotions and trading, the bad part of mixing emotions and trading is that our intention won't be so clear especially when we already overwhelmed by emotions. It is us who should control the emotions and not emotions that control us, we can learn it by keep practicing or you can do something which related to emotions control such as meditation or praying.

Well i don't really get what do you mean here, but if don't make any mistake to interpret yours the learning is needed no matter what, in early phase i think you will trade in demo account and earn also learn. I think you should keep trading that and improve your analytical skill i do recommended 3-4 days per week for around 6-8 months depend on your own capability.

As long as you able to maintain the risk itself i don't think you should worry about that, even it is hard i think you can pass it by keep strict to your own guidelines. I just spend around 4% from my total capital per each trading i made, so when i lose i still able to cover the loss which i made before.

For me i think that Investing in forex requires a plan, or risk management. You should divide how much money you want to spend for each trading, make sure that one or two or more losses won't make you lose any accounts, instead it will still give you chance to rise back and start to recover your losses.

Well we are talking about the investment in a country, right? Forex should have its connection and will affect the market on its way, make currency precious than others also the work of forex itself. It is sure will affect investment in other countries. I tend to see this is as effect of globalization, now forex is globalized and who have power and influence could make difference in forex and even an investment in other countries.

I always refrain to use the best i prefer the most suitable and by the way nice article though. For me is experience the one which will change us and make us know what kind of strategy that suit our trading style. The more we spend with that strategy the more proficient we are, and yes managing the risk is what we should consider too.

Gold prices fell for a third session in a row at the end of trading on Tuesday morning (07/03), pressured by comments from Federal Reserve Chairman Janet Yellen that reinforce expectations of rising US interest rates this month. LLG Spot gold prices fell about 0.6 percent at $ 1,226.61 per ounce, after sliding on Friday to $ 1,222.51, the lowest since February 15. Meanwhile, US gold futures prices ended down 0.08 percent to $ 1,225.50. Yellen said last week that the Fed is ready to raise interest rates if the US employment and inflation data increases. The comment was seen as strengthening plan for a rate hike at the Fed's meeting on March 14 to 15. Standard Chartered estimates expect three interest rate hikes in 2017 and two in 2018. This year in March, June and December. Physical gold holdings in exchange-traded funds have fallen since last week, partly due to a stronger dollar, but at 54.855 million ounces still more than 3 percent higher than the beginning of February. So many analysts right now estimated that Gold price has chance to weaken limited if US Dollar this evening continue to strengthening by the impact of its positive sentiments. The gold price is expected to move within the support range between $ 1.225 - $ 1.223.

At the end of trading on Tuesday morning (07/03), Coal prices depressed by the decline of crude oil prices. Crude oil prices moved sideways, and US crude turned negative at the end of trading on Tuesday morning (07/03) after the International Energy Agency estimates that oil shale increased growth potential and a decrease in demand for refined products in Europe. With the weakening of crude oil prices, the price of Coal's most active futures contract is a contract in April 2017 which dropped towards 73.60 dollars per ton. Commodity prices decreased by 0.07 per cent and may even fall further after this. Analysts estimated that Coal for the next session may rise if US economic data shows a bearish sentiment. The price of coal futures could potentially test the resistance level at 74.10 dollars up towards 74.60 dollars.

The price of arabica coffee futures on ICE Futures exchange New York at the close of trading on Tuesday morning (17/03) ended weak. The weakening of arabica coffee prices depressed by the strengthening of US dollar. The US dollar rose against the euro after the former French prime minister was not willing to run for president of France, thus increasing the opportunities for anti-EU candidate Marine Le Pen. Arabica coffee futures prices for the most-active contract closed down towards 1.4145 dollars, it is all equal about 1.29 percent. Tonight will be released in January US trade data, with an indication of the widening US trade deficit. If realized can hit US dollar. Arabica coffee futures on ICE Futures US in New York at the next trade potentially rise limited if US dollar weakens realized. The price may test the resistance level at 1.4450 dollar and 1.4750 dollar.

Cocoa futures at the end of trading on Tuesday morning (07/03) was closed down. The weakening of cocoa prices triggered the good weather in the Ivory Coast are on the positive sentiment increased production. Hot dry weather and strong in some cocoa growing regions of the main Ivorian raising concerns about the size and quality of the cocoa mid-crop to come, farmers Monday following forecasts for record production. At the end of trading early this morning the price of cocoa futures contracts in May 2017 which is the most active contract closed slump observed. Commodity prices closed down by 1.02 percent at 1,935 dollars per ton. Analysts estimated Cocoa futures trading will likely strengthen further limited if the dollar weakness occurs. For the next trading price of cocoa futures on ICE Futures US in New York has the potential to penetrate the resistance level at 1,985 dollars.

Sugar futures prices plunged in late trading on ICE Futures exchange New York Tuesday morning (07/03). Commodity prices have weakened depressed by strengthening US dollar and weaker crude oil prices. Traders anticipate that lower oil prices would trigger a cane producers prefer to convert sugar cane into sugar than ethanol, so that the production of sugar increased and further depress sugar prices. At the close of trading early this morning the price of sugar futures for the most active contract is a contract on May 2017 which falling down. The most active price of sugar futures have closed down 0.37 cents, or equivalent to 1.90 percent at 19.15 cents per pound. Tonight will be released in January US trade data, with an indication of the widening US trade deficit. If realized can hit US dollars. So the price of sugar futures to trade the potential to strengthen further limited if the dollar weakness occurs. Prices will test the resistance level at 19.65 cents and 20.15 cents.

Crude oil prices declined on Tuesday (07/03), after the International Energy Agency (IEA) estimates that the growing US shale production of approximately 1.4 million barrels per day in 2022. US crude oil futures price of West Texas Intermediate slipped 6 cents, or 0.11, at $ 53.14 a barrel, after ending 13 cents in the previous session. While, brent crude oil futures prices fell 9 cents, or 0.16 percent, at $ 55.92 per barrel, earlier rose 11 cents to $ 56.01 per barrel. Oil demand will also increase over the next five years, crossed the level of 100 million barrels per day by 2019 and reach 104 million barrels per day in 2022, driven entirely by the developing countries, the report added. Concerns over rising US shale oil production has been offsetting the impact of production cuts agreed by the Organization of Petroleum Exporting Countries (OPEC) and some non-OPEC members to curb excess global supply of crude oil. Russia and Iraq, on Monday said it was too early to discuss if the pact OPEC and non-OPEC members should be extended beyond May. The average oil price is expected to be lower in the next 10 months of this year than in January and February due to the recovery of US drilling activity, Fitch Ratings said in a report Monday. Crude oil prices will move if the weak US dollar continue to strengthen. Likewise, if the concerns of non-compliance agreement production cutbacks and increased US production continues to rise, will depress prices. Crude oil prices potentially move in the support range of $ 52.60- $ 52.10

Natural rubber prices on Tuesday afternoon (07/03) ended down. The weakening of rubber prices eroded by crude oil prices. The weakening in crude oil prices make synthetic rubber production costs become cheaper. The impact demand for commodities like natural rubber is traded on Tocom decreased. In today's trading, the price of rubber futures for the most active contract on the Tokyo commodity exchanges that contract expires in August 2017 decreased by 6.6 yen, or 2.4 percent, to 269.4 yen per kilogram. Analysts predicted the movemnet would have potential for weakening. But also need to be observed Yen movements that can affect the price of rubber Tocom. Commodity prices Tocom rubber futures exchange will test the support level at 264.00 yen and 259.00 yen.

The price of CPO on Tuesday afternoon (07/03) is sluggish. CPO price decline triggered tonight by weakening crude oil prices. The decline in crude oil prices to trigger negative sentiment that makes the price of CPO in the downward trend. The weakening in crude oil prices make alternative fuels such as those made of CPO declined his request. CPO price most active contract on the commodity exchanges Malaysia today seems weakened. The contract price in May 2017 which is the most active contract fell by -26 ringgit or -0.90 percent and traded at 2,867 ringgit per tonne. Analysts estimated CPO futures may drop by weakening crude oil. Price movements can also be affected by Ringgit, which if strengthened could depress the price of cpo. CPO futures contract prices has the potential to test the support level at 2,820 ringgit and 2,770 ringgit.