arjumand

These social trading type stuff seems quite helpful to both new and experienced traders where the former can copy the trades of professional traders and the later got a chance to show case their skills, however new traders should learn a little bit before going to forex trading.

I see there are a lot many forums where we can learn the basic knowledge about forex trading and rest demo account tells us how to make a trade.

I think we should only focus on making small profits which should be on consistent basis, i usually am a conservative type and never trades more when my trades went bad or during the high volatile markets.

Forex is a risky business and as per experienced traders we should only take that amount of risk which we can afford to loose, otherwise i also have noticed that some earn money in start and then looses everything in this forex business.

TO earn money from forex, we need investment plus the skills required to make money from the forex market and the good point is that these skills can be learned if you are consistent in this field.

It is suggested to every trader that we better make a proper trade management plan before starting trading and once the plan is decide then we should stick to it. By doing so we can avoid being getting into emotions and will never over trade for sure.

Mistakes are sometime inevitable but we can minimize them by reviewing our trading journal and better not to repeat such mistakes in future.

Try skrill and you will get the amount within one business day for sure.

I guess can you do mind checking the date of this thread as you have just bumped up an old dated thread...!

I guess you are right because social media is very powerful tool to get viral everywhere.

Everyone wishes to earn money but i think there is no shortcut to success and we all should not fall for those promising silly invites that offers getting rich over the night right after purchasing services from them.

No idea about these brokers but since i am trading with hotforex and received an email from them about depositing payments through bitcoin as well.

Yes you might be right to some extent because i have seen that many traders buying at the same time and many others selling over at the same time, both these two groups think that they are more clever than the rest.

I better say that the winning rate depends on how much amount you have risked and how you managed to exit at the right time otherwise i believe that this forex trading market does not tolerate those traders which makes mistakes.

In my opinion if we try to earn pips we will at the end of day earn $$$ automatically so the more processes we learn the more we will be earning from this forex trading market.

No deposit bonuses are good to check any broker's processes which we can also test by practicing the demo account they offers which is also free to access but it has virtual money account only.

I am sure that you're relating this system with the right appropriate strategy that could help us traders to make profitable trades!!

I better suggest invest to that extent that we can afford to loose, forex trading is very professional market and it does not spare anyone who make mistakes.

I think that the new traders should focus learning how the support and resistance works because it might helps them right in achieving their goals.

Agreed to this part as success does not come over the night, we all have to wait and work hard with patience in order to achieve it.

Those who wishes to go automated in their trades should read the manual first because these EAs can require monitoring too during high volatile market.

Although it is a risky business but i think we can minimize these risks by learning the skills necessary for earning money in forex.

As per my knowledge and what i have learned so far on forums, the major emphasis is given to learn the processes before jumping in trading business. All other factors including broker selection comes secondary.

So far i have learned that this forex trading business requires investment along with skills too otherwise money will be lost within no time. Sadly many of us looses money in start.

Can anyone win the prize money from demo contests or there is a lot of competition over skills..?