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@uncle gober : In the end there is risk or there is pros and cons when someone decide to step into foreign exchange business. Through our efforts the skills will develop enough for us, and with that more skills we have i think the more profit we able to reap as much as we want and our stamina allow us to trade. While profits actually come away to you when you leave the problem but if your prediction is true LOL

Liquid? I know their money which goes into forex will become money which circulated in forex market that will increase the turnover daily but that is not really good act, the loss is bigger compared to an honest trader who invest just small bucks in their own pocket. Anyway, it is not the duty of us at all but it is the duty of government to track this kind of practice.

I think all brokers would do the same, for example when you post in forums and then you will get some bonus which you can withdraw to your account, and after that you can trade it, the result of that trading is your own profit. By doing this a broker want to motivate their client to trade more and later invest by use their own money.

Yes consistently to keep trade in forex no matter what is the key to be success in this business not to mention we already have a way to do that, like trading in demo account. While real account could wait, but it is important place to learn and earn at the same time, only the risk is bigger rather than in demo account where it holds no risk.

But remember their success story is theirs and yours are different. Make sure you also notice what is that trader lack so you can learn how he solve that thing. Forex surely hard thing to do but it could be our main job with enough courage and also our focus to trade in this business despite of the risk it has.

Risky and Profitable at the same time @radex78, right? That is the nature of foreign exchange to be risky, but behind this risky business also lies greater profit and only someone who able to control the risk and make accurate prediction who can make profit and sustain from this business. If you don't like of your current job and want to be some kind of entrepeneur then seek forex.

Without learning it is not hard but not possible only miracle which could help you to achieve such a feat. Trading in forex also requires experience not just by learning, and learning in here is like read material or read someone's experience. To me experience is the best teacher for each traders, the most we trade the more we get experience

The tin price on the Malaysian bourse is higher on Friday (19/08). The increase in the Tin's price supported by the strengthening of US and European exchanges. The price of Tin on the commodity exchanges of Malaysia observed a rise today. The industrial metals prices traded at 18430 dollars per ton, an increase of 80 dollars or 0.4 percent from its previous close at 18350. Stocks closed up at the end of Friday's trading this morning, helped by rising crude oil prices, while investors digested the latest economic data as well as the minutes from the Federal Reserve's July meeting. The Dow ended up 0.13 percent at 18,597.7, with the highest increase in Wal-Mart stock. The S & P 500 closed up 0.22 percent, at 2,187.02, with the energy sector leading the seven sectors higher. The Nasdaq composite index rose 0.22 percent, at 5,240.15. It is estimated that the price movement lead Malaysia at the next trade limited the potential to strengthen the potential strengthening of global exchanges and the weakening of the US dollar. Price will face the resistance level at 18.600. But if there is a decrease, the price of tin will face the level of support at level 18.000.

The price of CPO in Malaysia commodity exchanges observed higher on Friday afternoon. CPO price hike this afternoon supported the weakening ringgit against the US dollar. On this afternoon observed the US dollar strengthened against the ringgit. Observed a couple dollars-Malaysia's ringgit rose 0.26% at 4.0070. The weakening ringgit makes the price of commodities traded in the currency has become relatively cheaper for overseas buyers so that demand is increasing. CPO price most active contract on the commodity exchanges Malaysia today seems to have increased. The contract price of November 2016 which is the most active contract rose as much as 40 ringgit, or 1.6 percent and traded at 2,616 ringgit per tonne. CPO futures contract prices on commodity exchanges November 2016 Malaysia has the potential to test the resistance level at 2,650 ringgit positions and 2,700 ringgit. While the level of support that will be tested if prices decline in a position 2,550 ringgit and 2,500 ringgit.

GBP or Pound exchange rate today on Tokyo session that had opened higher eventual retreat back by profit taking the market although this afternoon will receive a positive sentiment of the release of economic data later in the day from the UK Office for National Statistics (ONS), which announced data of PSNB. This data is expected to show a lower data from the previous period of good omen for the pair. GBPUSD today may rise to 1.3203-1.3257 this afternoon and if retreat was not until the range between 1.3070-1.2995. So I argued that the normal range of GBPUSD pair is estimated to have the support level at 1.2940 and the resistance level at 1.3323.

Euro exchange rate since the beginning of Asian trading session has been moved weakened by profit taking after the market rallied over 5 consecutive days followed by a strengthening US dollar sentiment resurgent Fed rate hike expectations through New York Fed President's statement overnight. For fundamental data so driving this afternoon comes from the German PPI data which will give a negative sentiment. It seems EURUSD may continue to fall into the range between 1.1303-1.1280, but if it does not reach that target then EURUSD will rise and may even reach the range between 1.1375-1.1397. And today is expected to have the support level at 1.1226 and the resistance level at 1.1408

Japanese Yen opened Asian session lower by a stronger dollar sentiment after New York Fed President statement that revived hopes of Fed rate hikes. aside from that still receives negative sentiment from the Japanese government warning will be devalued money if the yen rose rapidly. It seems that USDJPY will rise steadily to around 100.50-100.73, but if it does not reach that target then the pair will move back down to the range between 99.51-99.22. so I suggests that the normal range of USDJPY today estimated to have support level at 99.06 and resistance level at 101.19.

Australian dollar exchange rate experienced Asian session on profit-taking weighed one component of the labor market data reported by ABS yesterday morning. Yesterday Australian dollar managed to rebound assisted by reports of increases the number of domestic workers in July, but inside there that the reduction in power full time work within three years. This sentiment gives strong pressure and ignored crude oil prices rally. AUDUSD will continue to fall into the range of 0.7615-0.7593, but if it does not reach the range then move up back to the range of 0.7695-0.7740. So the normal range of AUDUSD pair today estimated to have the support level at 0.7561 and the resistance level at 0.7776.

Reading ebook? I don't advice that, well if you are really newbie i mean don't even have any slightest knowledge about forex, i think that is possible for you to read the book or ebook. Many new and beginner material you can grab inside not to mention a lot of people actually prefer one of their most comfortable way to learn including this.

Crude oil rose for a sixth day, with Brent crude hitting eight-week highs in late trading Friday morning supported expectations the world's biggest oil producers are ready to discuss freezing the level of crude oil production. The increase in crude oil prices also supported the weakening of the US dollar. Crude oil futures prices of West Texas Intermediate (WTI) rose $ 1.43, or 3.06 percent, at $ 48.22 per barrel, also near the top of the session will return to 5 July. The price of Brent crude oil futures rose 88 cents, or 1.79 percent, to $ 50.74 a barrel, near its intraday high of going back to June 23. WTI strength on Thursday as a result of the flood of new orders to ship crude oil to Europe to take advantage of arbitrage opportunities resulting from the wide spreads between benchmark US and Europe. Crude oil price estimated to rise to expectations of freezing production and the weakening US dollar. Prices are expected to penetrate the Resistance range $ 48.70 - $ 49.20, and if the price drops will penetrate Support range $ 47.70 - $ 47.20.

Gold prices rose in late trade on Friday morning, supported by a weakening US dollar after minutes of the US Federal Reserve meeting in July showed a dovish signal to the rise in US interest rates. Member rate-setting Federal Open Market Committee, the Fed is generally optimistic about the US economy and the labor market, but some said the slowdown in hiring future will oppose the increase in the short term. Spot gold prices rose 0.33 percent at $ 1,352.61 per ounce, on track for fourth consecutive day of gains, while Gold Futures rose around 0.67 cent to $ 1,357.80 per ounce. On Thursday, the New York Fed President William Dudley said the last two months of job growth "helped ease concerns that emerged earlier this year that job growth began to slow. But Dudley did not comment on his remarks earlier this week that the Fed might raise rates in September. Gold price will potentially rise by sentiment decline in expectations of rising US interest rates after the Fed meeting minutes release. Gold prices are forecast to exceed the range of $ 1,355- $ 1.357, and if the price drops will penetrate the range of $ 1,351- $ 1.349.

After US dollar plunged to its lowest in seven weeks overnight trading, this morning managed to rebound from weakening during the week. This morning dollar managed to rise against its main rivals respond to the notice of the New York Fed chief also confirmed by the release of positive economic data such as data on unemployment claims and the Philly Fed is encouraging. New York Fed President William Dudley said in September it is possible for the Fed to raise interest rates this year extended. This statement is trying to raise expectations of Fed rate hikes after the death of the minutes of the FOMC meeting last month. In yesterday's trading, dollar had to give up against all its rivals after losing the exchange rate of euro after the release of the minutes of ECB meeting last month. Within minutes of ECB meeting still needs to mention that a very long time to digest economic data from the region after Brexit before deciding to liberalize its policies. For today's trading Dollar movement will not be any fundamental data that provide additional energy that will move followed the sentiment rivals. And during these days rivals fundamental data such as euro, sterling except that which is expected to receive positive sentiment from Japan All Industries Activity data. The dollar index, which measures the strength of the US dollar against six major currencies trade in a positive move after severe closed lower at 94.14 and this morning position is opened at 94.13. The dollar is now in position 94.27.

I couldn't agree more with you that advice is so simple yet powerful. The reason behind that is practicing, by keep practicing a trader may focus their energy and time to learn about forex, the more they learn the more experience they will get. So by this, when they have chance to make profit they won't hestistate anymore, or when they have plans to reduce the risk they can perform it for less flaws.

Because of money, money, and money. People ready to take the huge risk forex posses because it gives them hope or chance to make money from this business. With various people trying to make money here through speculation make things worse right now and it is riskier but on the other hand more profitable because of the amount of money which circulated inside per day. Overall it is about forex profitability which make it still popular.

Sure that premise is right, but floating spread sometimes offer small spread sometimes not, and i am sure that in high volatility condition they will never offer any kind of small spread to the market LOL. In forex spread account usually or if not most of that accounts offer small spread from zero to one or two at most. It will keep like that and will never change.

@sidejob So? Hot money of course logically can be use for forex trading, while cold money is the same it is possible to use it in forex, but cold money hold lesser risk rather than hot money, the risk of course will be presently lower when someone choose to invest with cold money. I also agree that risk management is important but without profitable strategy all will be nothing, you can just minimize the risk and slowly dying without any chance to shine like stars

What's wrong with doing flexible strategy, forex itself allow us to do that and the best thing that forex itself despite of its high risk also flexible enough. It is not unbeatable but less prone to the loss since its flexibility helps us to control our own trading and reduce the risk greatly, also not to mention you can still able to get profit even it is in small amount.

Both are quite easy considering that you have passion for one from both of these analysis type. If you ask my own preference then i will prefer fundamental analysis because i see that market is easily drive in short to long term by the news especially high impact news, one of my favourite is NFP or Employment change which bring difference in the market.

I think that gap is actually an indication that forex is under bullish pressure and not just simple bullish pressure but this is one of the biggest bullish pressure. As far as i know, forex gap in forex will be such an opening for foreign exchange trader to make decision because in most cases gap in forex is a strong indication and pretty much accurate.

LOL yeah it is not so easy just like what we always think about forex itself. Forex trading is easy only in demo account because no risk, no worry, and we can focus on trading there. Forex trading sure in not easy job thanks to a lot of people pulling off their own and trying as the best as they can that their position is the one who can make profit.