True, someone's gain is someone else's loss and that's how money keeps circulating.

Why I trade Forex? Hbu?

Safe as in "Will I ever lose money in trading?" - Yes, you would lose money every once in a while (esp. in the beginning), everyone does..but you can work hard and stay in overall profits. Safe as in "Will I be scammed?" - No, if you are careful and ...

Is Forex reliable?

Yes, with the layoffs and pay-cuts people are looking left and right to find ways of making money and on the outset, trading seems like a promising way of doing just that because unlike other businesses there is no selling/ buying of product/ ...

Beginner Questions

Oh alright!...I'm glad you have the patience of reading books while practicing on demo while some are too eager to start trading with live account.

Practice

Yeah, that's what I mean. Theoretically possible but highly unlikely in practice. You may do it once in a while but doing it every day!..who wouldn't want to know that secret!

double the account every day...

Making the same mistake, over and over, is either being stubborn or being insane.

Trading Tips

I think coffee is the drink you should be having while trading, coffee makes you alert while alcohol brings up your creative side.

Do you guys trade better when you are drunk?

True, I agree with this.

Is what you eat part of your trading plan?

I agree that "success" is a relative term and we each have our own definition of it. I think, broadly speaking, a successful trader is someone who can successfully recover from a general loss.

Successful traders are very, very rare to find

I feel that's because there are more people losing money in this business than there are making it and this especially includes traders who think they can make extraordinary profits in a short period of time.

Why isn't everyone rich?

Hi! Firstly, I appreciate that you want to alert others so that they don't end up getting scammed. Secondly, I am in no way supporting Forex.com. It's evident that you have been wronged by them, posting a link simply to justify my earlier comment ...

Horrible experience with my broker

I am curious if this idea has ever worked for anyone?

double the account every day...

"Poor people tend to spend a larger share of their income on lottery participation, and their demand for lottery tickets increases as their income decreases." This is a sad irony. Such behaviour defies common sense.

Why you lose money and will always lose

So basically, they use the word "template" in reference to "plan"? Like having a plan in trading as well as having a plan in real life.

Practice

You'd need to have nerves of steel to go for 10%.

5% risk per trade?

To suffer a loss because of a poorly formulated strategy is one thing. To lose money due to a scam - completely different story.

Is Forex reliable?

Nicely put. "Your primary duty as a trader is to conserve your capital" - can't stress enough on this.

Attitudes a Forex Trader needs (part 1)

I agree with spotrate. It's the brokers that pose such restrictions and not Metratrader itself. By the way, are you grid trading?

Do brokers set a max open trades limit?

I agree, first the regulation and then the reputation, followed by whether it fulfills your requirements - that's how it should be.

What do you all look for in a Broker?

Not my place to suggest how much leverage you should or should not use but if your requirement does not exceed 1:1000, you can check out Forexchief. You can try their demo account first or start with a live account, they have a minimum deposit ...

Which broker is best for high leverage?