Sininfinity

Demand and supply of weapons and outcome of a war is dependent on some higher entity which is invisible to us. Call these conspiracy theory but I like to think like that. War can do considerable damage but the country can recover from it.

Unpopular pairs also have their advantages. Otherwise they would not be in the market. But the problem with those pairs are that they are vulnerable to spikes. And a spike can cost a trader a lot. So expertise is needed to trade those pairs.

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Well most traders prefer popular pairs. But there are people who can see things which others can't see. They trade and support unpopular pairs because they can take profit out of them. Otherwise why would they bother giving larger spreads on those pairs? And also if they were not on demand then brokers would not have offered them as well.

Well traders should apply those earned knowledge, skills and experience to develop a trading plan. Just earning 3 of them would not bring one success. They should be combined to create something which will bring them positive pips.

What can be the reason one should not trade forex. If a person can not make profit after trying then that's another case. If one is afraid that some of the best minds and largest institutions participate in this market then that's another case. But this market can bring one financial freedom so why avoid it?

Market would not collapse but currency pairs make destructive moves time to time. And yeah I also have future plans to make forex my main source of income but even then I will keep other sources of income just in case something goes wrong with my trading. Bad things can happen. So preparing for those is not a bad idea.

Your are right. Fundamentals requires a lot of knowledge and I don't posses such kind of knowledge. I am ok with technicals and so put more priority on technicals than fundamentals.

Yeah. We should not be carried away by others success. They have their way and we have ours. We should focus on what we know and what we can do with it. Comparison is ok but we should try to be like them. We should be ourselves and do things our way.

Can you please point out a few things that your broker has which other brokers does not?

MetaQuotes changed the MQL language. Meta trader 4 scripts, indicators and expert advisors does not work on meta trader 5. If a trader wants anything particular from the above he has to code it again. That's just one disadvantage.

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MT4 is by default many trader's choice including me. It has been around for a long time and has lots of resources which no other platform can provide. And also it consumes less ram and requires little bandwidth. Not to mention it is user friendly.

I don't put too much attention to fundamental analysis and also stay away from news times trading. Market becomes pretty unpredictable during those times and for me it's better to trade on a stable market than a volatile market.

One can be better than another. Different traders view the market differently. The thing being better or worse than another trader does not yield anything. Whatever you are capable of try working on that and that can bring you profit.

Little profit is better than loss. But it won't be a good thing for the long run. In certain situations it is better to get out of a trade with little profit. When trading it would be better to have a risk reward ratio 1:>1.

Well in my opinion a person should use a demo account as long as necessary. They should not fix a time limit to that. Some may end up using it for 2 months and come up with a decent strategy and for some it may take 7 or 8 months. Things are different for different people.

Well take profit should be more than what one risks. There are some ideal risk reward ratios but when trading things don't always happen that way. And most of the time we may not get what we expect. Sometimes it can be better and sometimes it can be less better. We have to be ready for any outcome.

Well don't just think of one source of income. Even if forex is your main source of income, try to find another way to bring money. More than one source of income is always better. Because just in case if one fails then there is always another so one does not have to start from scratch again.