bearhugs

It is very good to hear from others, what their experiences are, but you should also consider what your own criteria are. Which markets do YOU trade, and what do YOU need from a broker.

Risk can never be totally eliminated because this is business. Always place stop loss and your take profit should be at least equal to your stop loss. Doing this will keep you overall winning even if you lose 49% of your trades.

Every broker is having news segment from where we can see that which news is going to be there and according to that, we can analyze that how the market can be in next few hours so how we are going to manage our trading.

Everybody that I know that stayed with Forex did become successful. They all eventually stumbled upon something that works the way they understood the market. There are many serious traders.

If you are not a patient person you might as well stop thinking about becoming a forex trader. Markets move in their own time. A good forex trader is a patient person who waits for the market to show its cards. Patience is the name of the game in trading.

Develop a system and trade with a constant risk which is reasonable for the expectancy of profit for your system. The main focuses should be to find a system which suits your personality and also to your trading work that you can manage the risk with it.

To earn money and to be profitable, you should trade Forex. There is no profit guarantee in any business so you can try your skills and knowledge here so that if you are having the Forex skills then you can make a good amount of money.

Forex is business where a loss is something which happens every day with every other trader of the market. There is no one who has not yet faced loss in his trading life. So it is going to be there, depends on us that how we can manage it and minimize it.

No doubt a demo account is a useful concept when you are new or you want to learn new strategy with demo money. But the reality is that emotions with demo accounts are also less so the feelings we learn with it is not that much important.

Bitcoin might be useful to transfer or exchange the money but the way it takes high points in last few months, it has totally changed mind of investors that how they should work with it to get profit with it.

Foreign exchange is the largest trading market in the world. As forex market is a volatile market for traders, therefore having a positive mindset before entering into forex trading with consistent efforts is important, that will help you to overcome the challenges of currency trading.

As a trader, you must be able to control them especially in the heat of the moment. In trading, fear must be controlled. You need to build yourself up over time and accept there will be learning experiences along the way.

Bitcoins are a high risk/high reward investment and it has the potential to be a disruptive, transformative force in money and payments for centuries to come. It isn't easily digested in a few hours.

Both technical and fundamental analysis is necessary. I don’t think there is any successful trader who uses only one of them exclusively. The best approach to investing likely involves some combination of fundamental and technical analysis.

Trading, investing is just like any other profession. You can't just open a trading account, fund it and expect to start making money just as you wouldn't just buy a new kitchen and expect to be a machine start to cook...

Forex itself is a legitimate endeavor. Forex trading is a real business that can be profitable, but it must be treated as such. But it is certainly possible to make a living out of Forex. It just takes many years of commitment and practice.

A good system in Forex that lets you run profits on its own is the one that has a well-defined loss management strategy. There is nothing wrong with exiting a trade in profit only to see it carry on for a long run as long as that decision to exit was based on a good understanding of the above.

Forex is the market in which currencies are traded and it includes all the currencies in the world. The best way to learn forex trading is through your own experience and there’s nothing that can beat experience. Currency trading is great since you can use leverage, and trade amongst so many different currency pairs.

I will not choose any broker just because of specific leverage section. Always think twice while choosing a broker, the first criteria must be to find the money security of your investment. If your money is not secure then how you are going to use the leverage.

Every trader is having their choice of leverage. Few are a risk taker and can handle the market in high leverage with proper management. But few cannot manage the money so they take a normal leverage to handle and minimize the risk.

There are many types of trading styles and every trader is following their own strategy for it. I will not suggest anyone about any strategy or trick because I feel that it is a trader's personal choice for trading the market.

Failure can be motivation for those who are taking it in way of learning but not every person who faces the loss is having the same feeling about the work. So it depends on person to person that how they are going to take situation.

Making profit is not easy and making profit consistently is also a hard part for every trader. To earn money you have to take a lot of risk of your money so nothing is easy in Forex. For every single profit, you have to risk your own money.

In Forex market, nothing is going to come in one or two days. For every knowledge, we have to learn from the depth and try to gain what it actually means. Not Every person can be the master and have all knowledge about Forex within a day.

Experienced traders lose less than earn because every trader seeks to earn and keep pips. Traders must have an edge to be profitable. The traders that have discipline, have done their homework about historical price action, and stay in control of their emotions will make money.