Sininfinity

That is a very dangerous thought. A trading strategy works well for one trader does not mean it will work well for another. In fact the same trading strategy will bring different outcome for two different traders. So when trading make sure you have a trading system which you can make positive pips.

Not always. But sometimes set trailing stop to some of my trades. It is a good option to have at your disposal. But I believe it is a good tool for the scalpers.

There are many ways people can cheat others and that is why I dislike the idea of taking other's decisions in to consideration and only rely on my own judgement when it comes to money. Others will look at their own benefit at the cost of others people's loss.

I don't disagree with you but traders should trade with a plan and not just with confidence. Confidence is necessary and so is a trading plan which will bring positive pips to the account.

Well said and agree with you. Traders should have trust in their own trading methods. If they don't then they should go back to demo and try to improve themselves so they can gain that confidence and trade based on their own ideas.

I doubt free money will unlock anything other than looking for more. It is like a curse that possesses people not to invest their own money and look for free money limiting the potential to have a good future with forex trading.

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I personally don't like to define anything anymore when it comes to comparing forex with gambling. Those who think it is, let them think it is. The market is not affected by it.

Well other than how market moves, one can have control over other factors. Sometimes it is a good idea to stay in the sidelines if it is necessary. One does not always have to trade.

You are a realistic person who accepts things the way they are and does not imagine or try to force themselves in to harboring the wrong idea.

Well swap depends on the individual exchange rates. For some currency pairs it is more and for some currency pairs it is less.

Well said. It one is looking for long term success then he or she will not avoid demo trading. But will take full advantage of it and try their strategies in demo to see how they work.

No deposit money corrupts some traders and they forget that it will require your own money to sustain in the long run. Once a trader runs after free money, he will keep chasing it.

Even when trader has a well developed trading strategy, it will suffer losses. There is no way to avoid the loss as a trader can not be right all the time. So all he or she can do is manage risk.

Well it is better to copy trades on a demo account as a newbie. That way few dynamics as investor will present itself and should be able identify how to invest in others.

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First thing is risk should always be kept under control. No matter what risk should not exceed to what one can afford to lose. And second, risk can not be eliminated so instead of trying to avoid it, one should find ways to reduce it.

It will take time to to become consistently profitable. It is true that the forex business possesses risk but there is also reward and if one can properly develop a strategy to stay profitable in the long run then it will be well worth it.

Well agree with this. Unless one understands how leverage works, it is better to use low leverage and that's why I suggest to use 1:100 leverage for new traders.