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Sure this is why i am trying to be careful when trade with use USD based news, first of all just like you said it is global currency, the second one it could affect lots of currency that impacted with it directly and not just currency but also the other non current commodity such as Gold, Silver, Crude Oil, or even CPO.

Yes or No. Forex as a business which is well-known for its lucrativeness and its risk surely gain attraction for a lot of people, from the curiosity of how forex works to someone who are freely confident they could tame forex and make huge load of money. To answer this one i think we need to trade in demo or real account for few months or even years, to see is that really for us or at least worthy for us?

Huh? This is about the addiction to forex and not about analysis or so on, the after effect of course is something like that, but we talk about the whole addiction to foreign exchange not something like that. I think addiction in forex surely the worst condition someone ever feel, treat them through the right way is the best way to solve this issue.

Proper plan or better plan surely needed by lots of people around the world. Not to mention this is one of the best act you should do to reduce unnecessary losses. But control over trading comes with greater responsibility like you must decide when to close or open the position, what kind of analytical technique you want to use and so on.

Sure the best teacher ever, that will teach us how to react in forex or how to be more proactive especially during one of the most volatile condition in the market. Mentoring is necessary to certain extent, like i said few times before. Mentoring will help a trader to focus on their trading, their learning pace will be faster than someone who do it by him/herself.

Well in all kind of account we have i think that demo account and real account is reasonable for not involved emotions, because emotions will make us bias when we trade and i think this is not what we want, right? Also the worst thing when we excessively use our own emotions to trade in real account where the present risk is real.

Challenge? Hm, that is a new way to think but sorry most of the people in foreign exchange doesn't think so much about it, and i am guessing if there is a business which is similar to foreign exchange yet offers lower rate of the risk i am sure all people will move there. Trader who insist to trade here love it because forex is lucrative business.

So with these all we have i am sure we know that use bigger capital should help us and back to the long term trading i think newbie could use it if they love it. The key is interest. I mean if you interest in this thing you should learn it, nothing wrong with newbie learn scalping or even turtle trading strategy, everything is fine for me and for anyone.

It is a great to have broker which offer nice service and also have lower spread for each of our position and not to mention it is better for us to be search for the lower spread broker since that would give us more access to the liquidity provider and most of ECN broker already offer lower rate per spread, usually lower than 1 pips in normal condition.

Why do you want to leave which is something so humane, not mean to offend you but leaving greed is not my thingy, I prefer control because this is mine. I cannot get rid of it and if get rid of it, then i will be the next Buddha, Jesus or other saints. I am human who trade and pursue for profit and small bits of greedy won't hurt me as long as i can control it.

Yes this logic is not 100% right according to me, but what i want to argue here gaining experience is easy? Or is that really possible to be done in relatively shorter time just say 3 or 6 months? For me experience is important but knowledge which the source of trading is also important, it is something that collide to each other and you must need both in you career as the act to balance your trading so even you must take a loss standing make sure it is an intelligent one.

That is a wrong approach, i know the feeling we want to be a successful trader in relatively shorter time but that is not the case. You need patience and in long term you will be able to achieve your dream in forex. Remember that despite forex is offering us lots of promise but it still risky business, if we aren't patient enough or less careful we could destroy our account and must rebuild from scratch again.

Don't worry about that, the money in our broker practically safe especially in a broker which already well known to put their client's money in segregated account where each of you actually opened an account in the bank where that broker use. All the transaction done by them, if you feel don't safe with your broker feel free to withdraw your money and find the other one.

Since forex is risky business then you all should know why lots of people lose their money, but why forex still attractive depsite of the risk it features? Of course forex also possess attractive trait. Anybody can be a good trader and earn lots of money, not to mention even you are still a young adult you can live freely or reach that so called "Economic Freedom".

As long as someone are ready to trade in real account and want to pay attention to what they lack i am sure in 1 or 2 years they can see their money grow as step by step. Also about minimizing the risk i think it is also matter of how. We can lose once or twice but if our overall trading is profitable then that is not a big issue to worry.

If you want to invest in gold then invest right now, the price of gold is falling down deeper than before, even not lower than $900 but it still better. Because sooner or later i am sure that the price of gold will stabilized once more, right now it is falling down because market's expectations and also the speech of those FEDS upper man.

Yes, there is no something to argue in your post. While it is better it we multitask i prefer monotasking in this case. Focusing solely my energy to forex for around 30 minutes to 1 hours or up to 2 hours if i can. I don't do anything beside waiting the news and also keep monitoring the position which i've been opened for a while and means my terminal is open.

This is not the complain, you can see original poster shared his own view about this positive and negative slippage. I am sure people will prefer positive slippage more rather than negative slippage, also positive slippage means that we get more profit rather than negative slippage where people lose more than what their Stop Loss or Trailing Stop allowed.

If you don't have control then that is one of the result. Look at someone who have completely control over their trading they can control their outflow, they don't make a fuss over their trading, they don't think they are the best, they are just trying to be realistic and not bias, with prioritize their analytical skill with the help of indicator such as news or RSI for example.

Demo account and real account are different things, in demo account people can trade without any kind of risk imposed to them and this is good for them. Real account is different issue. First of all real account contain the risk which in demo account we couldn't find, the risk is real so do the profit and it is up to trader who manage the risk.

Courage is needed but not to be foolish, let me tell you there are a lot of people in this world that are foolish enough and not really courage when trade in foreign exchange. Forex actually doesn't need courageous people, it just need calm people who can read the situation clearly and able to optimized that situation for theirselves. This is not a big matter.

But the amount of money you will get is also small compared to the other person who willing to invest in bigger amount. There are 2 types of thing people considered when trade in forex, it is either lot size or pips. The more pips you get the more you get profit, but if you choose bigger lot size you just need small amount of pips.

The price of tin in Malaysia Stock Exchange rose on Friday afternoon (26/08). The increase in the price of tin supported the weakening US dollar. US dollar weakened against a basket of currencies as some investors sell the currency prior to the annual meeting of global central banks in Jackson Hole, Wyoming, where Yellen will speak about the US monetary policy on Friday. The weakening of US dollar makes the price of tin is sold in US dollars become cheaper, so the demand is increasing. The price of tin on the commodity exchanges of Malaysia observed a rise today. The industrial metals prices traded at 18.700 dollars per ton, up $ 100 dollars or 0.5 percent from its previous close at 18,600. Analyst estimates that Malaysian tin price movement in trading the potential to strengthen further limited by the potential weakening of US dollar with expectations of a dovish signal Yellen's speech tonight. Price will face the resistance level at 18.900 dollars and if there is a decrease, the price of tin will face the support level at 18,500 dollars.

Aussie exchange rate movements in the Asian session is moving strongly against US dollar, after opening higher at 0.76192 at the start of trading Aussie exchange rate rose by 13 pips. Pair approached strong support range. AUDUSD exchange rate on Asian session tried to rally although crude oil prices are a negative sentiment waning, vigilance is reinforced by the pair are waiting for a strong signal of interest rate hikes from the Fed tonight and pessimism in the ability of the Fed to raise interest rates this year. Technically AUDUSD will rise again to the range of 0.7640-0.7655, but if it does not reach that range then move back down to the range 0.76001-0.75831. So based on some analyst analysis it seems that the normal normal range on the AUDUSD pair is estimated to have the support level at 0.75590 and the resistance level at 0.76740.

USDJPY pair movement in the Asian session (04:20:35 GMT)move negatively after opened lower at 100.52 in early trading. This morning USDJPY pair has reached strong resistance range. Japanese Yen Asian session moving strongly against the US dollar will respond to market pessimism attitude Janet Yellen later tonight to give a strong signal to raise interest rates in September or December. The yen's strength this afternoon successfully resisted the negative sentiment from poor Japanese economic data today as the inflation data in July. Technically USDJPY will continue to fall into the range of 100.20-100.02, but if it does not reach this range then the pair will move back to the range of 100.66-100.80. So the normal range on the USDJPY pair is likely to have the support level at 99.78 and the resistance level at 101.12.