adnan007

Scalping is a risky way of trading in Forex where traders take their positions by analyzing the 1M and 5M charts and quitting their positions, once they have earn 4-5 pips from their position. The risk ratio in these trades are quite high as compared to the rewards we receive from such type of trades.

Forex brokers earn through the spreads they offer to their traders. They also earn through the lost trades committed by their traders. It's a noticed fact that there are more traders who loose their funds daily in Forex compared to those who win. Therefore, Forex brokers earn far more then what they really pay out their traders.

Forex is all about luck and skills. You can even earn $1000 with $100 as initial deposit but it consists of a huge risk of your account being blown up. To earn about $1000 each day. I think a trader should have a minimum of $100000 as 1% is the best you can afford to loose of your trades and so is the case with profits...

The only reason I find for this is because of out change in emotions. With our Demo trading, we are free enough to risk our virtual money without any risk and at the same time, we also can patiently wait for out TP to get hit. But, this isn't the case with real accounts. Our emotions are quite high in trading for real money as we look to take even the smallest of profits home and miss the opportunity to earn a better profit...

I have been trading in Forex since the past 2 years. I have seen several ups and downs in my trading career up to date. I did had some poor times when I started my trading career. I lost over $2000 in Forex but atlast has learnt enough that I can bag small profit these days...

The most important thing in Forex is to set a SL and TP when you take a new position. I would suggest the newbies to place a SL and TP on every trade they commit as there are times when markets move quite strongly and you might receive a margin call and end up loosing all of your initial deposit in a single go....

Its the lack on knowledge and inexperience which makes us commit mistakes while trading and therefore we have to suffer huge losses in Forex. Hence, most of the new traders use a Demo account in the beginning of their trading career to get along with the trading conditions and develop some experience...

For me, EUR/USD and EUR/CHF is the best trading pairs which provides me with a maximum chance of winning as compared to other pairs. I have been following these pairs since a long time, which has helped me to know when is the best time to trade these pairs. Nevertheless, I do use technical indicators to trade these pairs.

Well, I have seen that trading during European and US sessions provide better transparency with our trades then any other sessions. However, The best time to trade would be when two major sessions overlap each other as the price movement is clear and the most during that period of time.

My favorites timeframes in Forex trading is M15 and H1... However, I sometimes do check H4 charts to set my SL and TP... M15 timeframe is the one I most commonly use as I don't hold my positions for long period of time and M15 is perefectly suited to the trading type which I do. However, sometimes I use H1 to take new positions as it is more accurate and provides the facility to earn better pips than m15 timeframes.

I am a day trader and I do spend a few hours looking at the price movement to get some signals to trade. However, I don't spend much time looking at the markets as the strategy I follow is simple. I just take a position, set the SL and TP and leave it until it hits any one of these...

I believe that Virtual trading is for newbies to know the basics of trading and once when they have tried the demo account, they can switch on to the real money trading. I have been trading with real money but did try to demo before as I was not some how did this forex market work...

I have had a devastating past with MoneyBookers. My $700+ was blocked by them claiming that the funds were sent illegally and the person who sent the funds should upload his identification documents to release the funds. How come I upload his documents. It was really frustrating and at the end I had to suffer a loss of more than $700...

Liberty Reserve is the best e-currency processor with a very small transaction fee. They do have a high quality security system. However as they are irreversible, my scammers take benefit of it to rob Liberty Reserve users...

Webmoney is a trusted payment processor but very rarely used online. However, most of the gambling and casino sites accepts it and thats what which makes webmoney so popular.

Alertpay has become a widely used payment processor. However, they charge huge transaction fees to the members holding Business account. Thats the most frustrating thing as I used to receive $2 or so and nearly half the money was cut off in Alertpay fees.

Perfect Money is surely one of the best e-currency around. However, I rarely use it. They have a high security site and the best thing about them is the various deposit methods used by them. Their deposit via Mobile option is just amazing but currently not available to the people of my Country.

I am from India and unfortunately Paypal have changed their terms for Indian members... A member should withdraw their payments within 7 days of receiving the payment or else the payment will be canceled. Moreover, we will have to add a PAN card into our Paypal account to be liable to receive payments from Paypal...

I am not the admin... Register Here: http://imoneypage.com

Interesting question... experience is something which does matter a lot as our past experiences and losses in Forex, teaches us a lesson and we therefore, know what decision is appropriate at a given instance in Forex. Trading skills do matter as well but experience is something which helps us to trade safely..

If a trader acquire all the skills of this beautiful game of trading, daily profits wouldn't be a hard task for them. However, no one is perfect in Forex, and there will be days which are against you, but rather then being frustrated, you should overcome your frustration and focus on your next day and recover the losses.

Well, I do not take Forex as a business but according to me Forex is more of a skill based work where we can earn some extra income without having much work to do. Forex is a bussiness for the big corporates out there or the professional traders who trade in Forex for living...

No you can't loose more then the deposited funds in Forex. Once your are in loss and your initial deposit is about to end, a margin call takes place and the position gets automatically closed if your initial deposit is just not big enough to allow that position to move more against you.

No doubt I would select Forex. HYIP's sooner or later turns into a scam but it is not the case with Forex. Forex is more of a skill based activity which once accuried can help you earn consistent profits without having any extra efforts to do...

Well, 2-3 months are just enough to trade in a Demo account as it will help you get along with the trading environment and at the same time help you test your strategy if it is working fine and generating profits for you.