I suppose he meant that the broker offering the lowest spread may not necessarily be the best broker.

Beginner Questions

Also, when you are drunk you turn bolder and you make decisions and take risks that your sober-self wouldn't allow.

Do you guys trade better when you are drunk?

Amongst other things, I agree with this the most.

What's the purpose of trading?

That's a very good and positive state of mind.

Demo vs Live Account

You can check out MT4.DirectFX and MT5.DirectFX accounts with 0 spreads offered by Forexchief.com. Both these account types require a minimum deposit of $50 and maximum leverage of up to 1:1000.

Brokers that only charge commissions?

Here is a thread on the subject that mlawson71 started: url

Introducing broker

That's true. No one is immune to greed, it exists as part of human nature because by nature we have a desire to seek more due to economic reasons.

Beginner Questions

I agree with you, Forex neither favors you nor is rigged against you. You can make profits if you get a grip on how the market works.

Is Forex reliable?

I think that you cannot be completely emotionless even in algo trading because even though you are not the one pulling the trigger, you still have to live with the outcome of the trade.

Demo Forex VS Real Forex

I agree with your comment.

Consistency

Nicely explained above, just understand that stoploss is crucial as a risk management tool but it's not the only thing that you need to avoid risks.

Does stop-loss help to avoid the risk?

Why have so many comments suggested psychological damage to gain an advantage in trading? I know they're supposed to be silly and not to be taken literally but it's still a bizarre approach.

How to Become Emotionless

You're right. Confidence without knowledge is nothing short of conceit. Entering the market without proper knowledge simply because one is confident that they know how to trade will only prove to be disastrous.

Trading Tips

True, we should consider forex as a grow-a-bit-rich-each-day scheme as opposed to a get-rich-quick scheme. Over time, it can be a lucrative business if one is willing to be dedicated and keep expectations realistic, in other words, expect returns ...

Trading Tips

True, it's kind of like a "survivor's bias" - we only concentrate on the survivors (winners) in the market and ignore how many losers are there for every one such winner.

Trading Emotions

I agree, any other means of earning money will probably neither involve work-hours as flexible as in forex nor will the infrastructure requirement be as few as a laptop and an internet connection.

Why do I trade Forex

I agree and that is how it should be.

Demo Forex VS Real Forex

That's one of the important reasons for not choosing manual trading - it keeps one's greed in check.

reasons why traders lose

True, for every successful trader there many who have lost their savings and quit. Sadly, people enter trading focusing on the winners while completely overlooking the losers.

Why you still lose

I agree with you. There will always be emotions involved as long as there is real money involved and it will invariably make us uncomfortable and anxious. The most we can do is accept this and learn to live with it.

How not to get angry about this?