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This is true too, a proper risk management will help traders to maintain their trading system and make sure to keep their loss rate as low as possible, but to increase its profitability to the top or at least they could cover their losses but that won't make it so much effective to earn $1000 daily.

But you know there are some news even with medium impact that could give you better profit with scalping(like 10-25 pips). Also if you included news such as hearings or speech, it would increase your chance to trade more, because usually it has big impact to the market.

It is true and i find it is hard or near impossible to find a broker whose rely on making profit to give something like this without any kind of hidden fees. But logically, if this doesn't have any hidden fees, making profit with free deposit balance is possible even it means you need to spend more efforts.

Even big traders cannot do that and usually at their top they are trying to band and create some kind of trading group that will help them to trade. By the way, demo or real trading is not a big matter for newbie, but for experienced traders or for some veterans, i think they will value real trading more and be careful with it also spend more time there.

Here? you mean in your country? If that's the case it such a bad environment to trade in forex. Remember this business is uncertain, people treat it like gambling because they want to, and without a proper risk management forex would be similar to that game, if you want to make forex not like gambling put a proper risk management and trade with it.

Effort is good, you need that and me too i need it, but the mistake we talk about here is that trader usually don't know know when to stop. It is good if they have sense of effort but knowing time to stop will able to reduce the risk from us for around 60% up to 90%. If they know right time to stop like let their floating position to be closed, it will change their profit dramatically in long term.

Well they are having lax regulator now so yeah it is the fault of the trader who don't want to follow their rules or because they don't do a proper research, this is why i think it is better to trade in a broker which regulated by a strict regulators such as MiFD or CFTC

I am bit exaggerate on that part, yes that won't make them newbie forever but they will struggle a lot and won't see any difference when they want to be a better trader. My advice here be a discipline trader and start from your willingness to change, it is just matter of will.

You mean loss and also advantage? Well yes also if you want to control the risk, you need to practice. Advantage is given in forex, and if you can make profit consistently it is okay to say that foreign exchange is your money factory, but remember forex is speculation so you cannot make profit forever, just avoid to lose.

Yes, thanks to the globalization of foreign exchange and its leverage which contributed a lot to lower minimum deposit we can achieve the current state of foreign exchange where there are a lot of traders around trade in different decentralized brokers. It also helps forex to increase their liquidity to the new heights.

Spain and Italy power is good in regional but as whole the economic powerhouse for Euro is Germany and France. If those two collapse or just one which have problem with their economy, Euro would be down much. It is matter of perception from the market if they see EUR is good then EUR will always be good.

But in long term, you will get bigger pay off rather than in short term, imagine 200 or even more pips per week? damn, that is more than enough if you have big capital and in less than 10 months projection you could reach a break even point of your own investment, Long term is good for someone who want to invest in big amount.

Hm, depend i think since this is not a robot that create using advanced AI, some robots that you can buy on the internet are basically automation of manual trading. You can set SL and TP to the robot which makes it similar to your own trading if you use your own risk management system.

I don't know if trade through mobile phone means more leverage for traders, all i now is when you trade through mobile phone you will get one thing which is easy way to trade from phone and its mobility where you can trade nearly anywhere as long as you have internet connection.

Both are high risk business friend, but if you see forex has bigger leverage in general compared to stock trading. Also in stock you can earn just from dividend and not just from trading which means more way or chance for you to get money including into your own account.

Hm, it is quite hard but BTC is commodity and it is not currency. The price is so volatile just like other commodities, you can trade it but it is very risky considering that the price is keep falling right now and just recover a bit. But for the global trading,it is still worthy especially when paired with currency such as USD or JPY.

What do you want to learn from the manipulation of dealing desk? To manipulate others? Damn, nothing you can learn. It is all about the wits between traders and clients. You against the broker in this case. The fee is surely way lower than typical non dealing desk but the risk is that you are in the game that created by brokers, glad if that broker is not bucketshop so you still have fair chance to beat the broker.

It is not about learning and practicing but it is our understanding about is take profit, a feature which exist in nearly any kind of forex trading platform actually worthy and useful for traders? Sure it is. Not all traders know this and usually think that this feature just a burden or for someone who want to play safe.

That so me, i mean that was me in the past. My thought that i can easily make 200-300 pips per month and i can reach BEP at least in 8 months but what i have got? More losses because of inaccurate analysis and bad risk management, the last result for this is a margin call.

Yes it is all about consistency to make profit every month. There are traders who despite losing their trading few times but with a proper risk management still able to make profit monthly. Maybe they lose twice but make 3 consecutive profit with all the profit double based on their loss which means they got more than double per month. That could be considered as money factory.

So technical indicators, isn't it? Good enough i lately praise technical indicators for its accuracy but not just because it is the only one because you need to combine it with the other compatible technical indicators like MA is good with RSI and MACD, also use fundamental indicator as the mainline to see where the trend will go.

Or when they have a lot of experience. If traders don't have much i do recommend to keep learning in demo account. Scalping is not matter of time but the condition, depend on how calm the market. Volatile market is fine but make sure you are experienced enough with this before try to implement it in volatile real account.

So it is actually right to say that everyone can experience loss no matter how good they are since we are humans, even someone like soros still make few losses and in huge amount too. For me it is better if trader be realistic when make a goal, i think by counting loss into our goal would be so much helpful to ease psychological problems later.

Speculation? Well that is the heart of forex around 80% if i don't make any mistake, they are the one which make the price moving up and down. It is pretty much similar to gambling. For me people see that a lot of people able to get profit in relatively smaller time frame, attracted to make money but in the end just speculate without any strong and valid base and that is a pure gambling especially since that is pure luck.

Stop loss is very important, not only as the place where people can stop loss but to stop our greediness. Have you ever thought that after the price fall/rise for quite big amount it will rise/fall once again? Yes, precisely. This feature help you to stop thinking like that, SL will help you to cut your loss for quite long time.