bearhugs

The stop loss is essential when trading. Risk management and money management are, in my opinion, the most important aspects of trading and are grossly undervalued by many. Staying in the game is just as important as making a profit.

You can make money through currency trading or Forex trading. It is an art and there is no shortcut to trading. I suggest you to develop your trading skills through practice and discipline.

You should also start creating your own trading plan with a trading journal. The difference between a successful trader and a losing one is that losing traders lack structure. A trading plan and journal provides that structure.

There is a bit more involved to arbitrage profitably. Bitcoin prices vary on different exchanges based both on trading behavior and on how easy or difficult it is to move fiat currency and bitcoin in and out of the exchange.

Of course, every investment is risky but the risks of loss in trading off-exchange forex contracts are even bigger. In forex, you are operating big sums of money, and it is always possible that a trade will turn against you.

I think it is a business in between, it is hard work and needs many things to be done from you to start your trade efficiently and also need some smart while dealing with different pairs and different strategies and analysis.

I guess this depends on your trading personality? Scalping is very risky so it is necessary that if a trader is having proper trading skills then follow scalping strategy. Scalping is rewarding also but it is important to practice it well.

I like Bollinger or macd to identify the trend, but placing plain Support and Resistance lines and fib I find the best to base my entry. Moving averages are something that I need to check the direction and strength of currency trend I'm trading on.

Leverage is considered as an important financial tool which an investor should consider when choosing a broker. By and large traders in particularly the newcomers fall a great loss by taking high leverage.

Forex traders make decisions using both technical factors and economic fundamentals. To make money at trading you need a method you understand and can have confidence in because if you do you will have the discipline to follow it.

Yes, greed is affecting my trading a lot. I try a lot to control this greed factor but its a great hurdle to my trading. I do make good money but then I lose most part of my profit because of greed.

I personally think that at first, forex involves hard work as you study and practice on principles of proper trading after you get skills it becomes smart work as the only thing you need to do is wait for the right trade set up and trade!

here are people who make their living gambling just like people make a living trading forex. But if there is one thing that forex and gambling have in common, it's taking risk. Just like any business, we should also take a risk in forex trading.

The world of forex trading can be confusing. Especially if you’re a beginner. Traditionally it is always believed that “practice makes perfect”. Trading in a volatile forex market requires top decision making skills. Once a trader understands where the market has the potential to pause or reverse, he or she must act accordingly.

If we are talking about the best way to trade then forget it, there is no best one. If you want to be successful here then you must have knowledge and skills of trading so that you can survive the risk and the market.

Forex can be the best to earn money here but there are many limitations for many traders. Traders should need knowledge and skills for trading with risk management. Not every other person can survive this business with their trading work.

Agree, not every person can make money in this market because the market is risky and loss is earned while profit takes time. If you are good with your strategy and having skills for trading then only you can survive this business.

I have not complete control over my trading but I am still learning so that I can overcome to my overtrading. It is not easy to control your minds while trading but we can if we try our mind and manage it with strategy.

For me, FOrex is more analytical than art related stuff. Because art needs to be created but Forex is something which needs to analyze and determine whether our work is good for trading or not.

Best Website for what purpose?? Best for providing information about Trading or you are asking about any broker name? There are so many websites where you can learn about trading and so many brokers for your trading work.

You will find so many definitions about Forex and how it works. So there is no need to start such thread about what is Forex. Forex is for those who are serious about their work and having a controlled mind for their trading work.

I have never heard that any trader is saying that Forex is easy for earning money here. Nothing can be easy but we can make it easy with our skills and strategy so that we can make a profit for our investment.

Greed is in human nature because we always need more money than any other thing. We want to spend our life easy and happy so for that we think we need to have lots of money to spend. That is why we come to trading and try to win it.

There is no doubt in that Forex is the best way to earn money online but the fact is there is none who can teach you the right way to learn the market and make money for you. You need knowledge and skills for that so you can earn here.

Forex is gambling for those who are playing here. But not everyone is gambler here, most of the newbies start with learning and prepare their self for trading with demo and tutorials. So saying that gambling is only Forex, that is not true.