But it's still not that easy as you make it sound ?!!! Lot of people loosing money on trades. You trying to say it's easy but you really need to sit out on that for like 24 hours 7 days a week to get a chance for all that opportunities. Not everyone ...

Trading Forex is Hard

Its true If you take a closer look, you'll notice these guys take it as pure gamble. And as a matter of fact, most pros can achieve unrealistic results on demo. I think as a trader, just stick to your strategy. , you'd be overcome by greed to an ...

unbelievable gains in myfxbook

In my opinion, the reason why traders fail is very simple: Many traders come to the market with a misinformed menatlity that they will get rich overnight, and when they fail to, greed takes over. That's why you end up finding a trader taking a ...

This is why 95% of retail traders lose!!!

Its quite unfortunate that you've had to go through so much loss. However, I must admit that you are better and stronger than most people who quit after losing. I fully support those who advise you to have a relaxed state of mind and not trade out ...

from 1k$ to 20$ per day

I never seen CAD to USD were that low in history. Does anybody really remember any other time to let me know that it can be ? But it somewhat stable trend, are people making money wich worth time on small amounts of cash with this pair now ? Let me ...

USD/CAD

When you people think it will get back to old levels like 1.15 or maybe even 1.2 ? Remember it was quite good to earn in EUR and even my own Forex games where much more profitable and easier. I just remember the days, the good old days. Hope it will ...

EURUSD only

Making real money through forex trading is possible, but for you to reach a level where you are making consistent profits, it takes time and patience, as well as a lot of determination. So to some extent, your wife is still right. You cant depend on ...

Who makes real money from forex?

It is upon you as a trader to decide where to place your stop loss, considering how much risk you want to take. The rule of the thumb is that you must never risk more than you can not afford to lose. Trading without a stop lose is very suicidal and ...

Real Fx traders do not use stoploss

Short term trading is very difficult because the spread is a very high percentage of your trade, as compared to long term trading. As a matter of fact, short term trading is far much riskier since it is subject to human mistakes and unforseen market ...

Why is short term trading so hard

We continually make losses in forex trading because we simply refuse to learn and follow instructions. Making consistent profits come with perseverance and a lot of patience. There are traders who win and make a lot of profits, but if you hear there ...

Why do we still lose?

I have an eye for crpto trading, and I hope to begin some time soon. However, I still want to monitor the market since history repeats itself and I do not want to go crying in the toilet after investing so much in bitcoins for no good. If cryptos ...

What about Bitcoin... :)

I personally recommend that a trader should not trade for so long on demo after developing and testing a strategy. That's a waste of time. Micro or mini account is more useful for any trader who is serious enough to catch up first. But all in all, ...

How many of you, still prescribe demo trading to others?

Forex trading is not simple, neither is it difficult. It all depends on why you trade and how you trade. If you trade for money, you need as much patience as possible before you can start making profits and considering trading as being simple. If ...

Is trading really that hard?

Nice thread here, very informative and quite up to date. Money flow trading looks like something that every trader should adopt. Risk management is the key to success in forex trading, and one must never risk more than you can afford to lose. 5% ...

Money Flow Trading Method along with Risk Management

For me the biggest difference is in a size of trades invested and technical equipment. Usually institutional traders try to invest in totally different securities on opposite to retailers, because they have more options. Usually retail traders are ...

Profitable Trading

Pull back means if it closes lower than it did the previous session. Usually this happens when a security whose price has been moving higher sells off for example the price of the security drops. Try to analyze it from the point of your buying ...

What is a pull back

Other things to consider when selecting the best broker are: The broker must be regulated, must have good customer support system, flexible and has a variety of currency pair options to choose from. Do thorough background check but read reviews ...

Best Broker?

Oh no! I must say this is quite a shame. Anyway, I have no right to judge you, so all I can do is to support you on whatever decision you intend to take. Trading is not for everyone after all, so don't feel disappointed in yourself if you find out ...

I plan to quit forex!

I can not really very important when you are in the usual trade since it is news and sentiments that form the basis of your macro, then all you need to do is to add the other bits. Fundamental analysis works best in Swing trading. Just figure out ...

Is Fundamental Analysis Really Useful For Forex Trading?

I hope you started with the demo first. That’s nice to hear that you are very confident and turned on success. However it is better to taste the water before starting the real game. And of course it is good idea to find a mentor or somebody who ...

broker for newbie