Sininfinity

When people trade without a proper trading plan then this kind of things happen. When they loose, they can't accept the fact that it was due to their greed that they lost their account balance and puts the blame on the market.

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A few weeks ago when GBP pairs made a sharp fall then many one trader I know had suffered huge loss because he did not set stop loss. And ultimately had to close the order he was not willing to loose.

Greed is one destructive emotion which prevents traders taking rational decisions. It is an emotion and part of humans so it can't be separated but it can be controlled with pre-planned strategy.

First question one should ask can I make profit from my trades. Then the trader should ask what bonus is profitable. Depending on his or her inflow he or she should decide and answer the question.

As long as it is positive pips they are welcome. But if it is high risk and low return then in my opinion it is not good enough. This happening once in a while is fine in my opinon.

Well there are strict money laundering laws when it comes to forex trading. Every broker has anti money laundering policy and if government wants then they can avoid most of it.

Answer to becoming a successful trader as soon as possible: NEVER! There is no shortcut to riches in this business. You have to take things slowly and work on it. Others can show you the path but you have to be the one to walk on it.

Hold your urge to trade on a live account. When that thought tries to overcome you, take a step back and go back to demo again. Make mistakes and learn from them. Don't get disheartened if your predictions come wrong. You have to crawl before you can walk.

Daily profit is not possible. Because one can not be right all the time. And predictions will be wrong and when that happens losses will occur. And making daily profit would mean forcing yourself to trade.

It happens to me too sometimes lol. But if we are in a profit then we may get a bit less. But for a loosing trade I never go crazy. lol I stay sane and don't change my stop loss level.

I am against EAs which trades on behalf of a trader. It works under certain market conditions but not all and so in the long run it is bound to fail.

Non dealing desk brokers earn money from commissions and spreads. They don't interfere with traders trades. While dealing desk brokers earn from traders losses. And when traders make profit, then they don't pay them and ban their method which bring them money.

About you saying trading without loss is impossible, I can agree with that. But forex market is a gambling market? Strongly disagree with it. Few people treat it as gambling but that does not make it gambling market. There is a separate market for it.

There is no doubt that forex is a risky business. As well as other businesses as well. It is people's mindset which makes them scared to invest. Not only in forex but also in other sectors as well.

When we enter in to a trade there is another party who is trading the other side of our trade. So in this scenario, one will win and another will lose. Simply both can't win from a trade.

Agree with you. Leverage is a double edged sword and those who does not know how to use it, should wield it carefully. For newbies it is better to use 1:100 leverage.

One way or another, there is always always some kind of risk is involved with any kind of strategy. Risk can be reduced but can not be eliminated completely from forex.

Leverage Adjustment to Anticipate November 8th US Election US Presidential Election will be held on November 8th 2016 and the uncertainties surrounding the election may affect the forex market. FXOptimax will take any required measurement such as decreasing the trading leverage between November 8th to 11th to anticipate the market volatility, in response to the election outcome or the entire election process. FXOptimax will post any adjustment in the news section, please monitor and plan your trades carefully during this week.

Risk is not involved with forex only. But with any investment products. Those products don't give such opportunity as what forex provides. And the market can not be manipulated.

It is a necessary thing. But sadly many traders fail to take demo trading seriously. And as a consequence they pay the price when they trade on a live account.

Now a days demo contest participants use various kinds of robots and for a normal trader it might be difficult to win such contests. Before when things were not like this, people did not make huge amounts on those contest accounts.

Agree with you. Before entering a trade, a trader should plan the whole thing out and be ready for any outcome. We can hope for the best based on what the chart shows us. So we should be ready for everything.

When it comes to concentration, do not just focus it on trading. Also focus on your goal. Why you are trading and what you want to achieve. Keeping these things in mind might increase your efficiency.

Forex related courses are offered in universities. Particularly not for forex trading but those courses comes handy when you do fundamental analysis.