Yeah, 1% is advisable for a beginner.

5% risk per trade?

Well, high time frames have slow movements which give a trader time to view charts and analyze the market before entering trade whereas low time frames have a lot of noise that can confuse a new trader.

Can YOU make money as a trader?

3000 is very high! I wonder how many traders actually use that.

Which broker is best for high leverage?

You're correct that there are quite a few brokers who provide top-class services even though they aren't regulated but there are plenty of others who are a scam. Regulation just keeps us on the safer side of things. Trading is a business already ...

What do you all look for in a Broker?

If you have made a profit from your earlier trade and you want to increase your risk percent in a way that even if you lose, it wouldn't affect your original fund then I say you go for it.

Question on risking 1%

Although it is true that there are some big-time traders who refuse to use stop-loss I would never advise against using it. It's a good safeguard and helps me sleep peacefully.

What is a stop loss and take profit?

Because not everyone has an equal amount of patience. That's why most people don't take up a profession which requires years and years of hard work before you can start earning. For example, being a doctor. Also, I’ve noticed that many who aren’t ...

Can you really make money from trading?

True. Trading like any other profession requires 1) Understanding & 2) Practice, and in the same order. Both of these require time and dedication. Trading without knowledge is comparable to gambling and gambling isn't fun once you begin to lose.

Knowledge is Power

By "instant withdrawal" do you mean "hasslefree withdrawal" or withdrawal as soon as you place a withdrawal order?

Any brokers that have instant withdrawals?

Because of NFA compliance rule. According to them, implementing FIFO brings more transparency in trading practices. Read more here: url

Why is FIFO used by some brokers?

What kind of degree is required? None. What kind of degree will be helpful? A degree in finance and perhaps, psychology because in order to understand how the market works one must also have an understanding of how people think.

What kind of Degree for Forex?

I agree. "Tiny" is the keyword here.

Practice

Avoiding overtrading by not doing target based trading. Quite a reasonable approach.

What is the safest way to trade the market?

It is also my personal opinion that any strategy which is handed freely is not taken seriously.

If you had the holy grail to pip making would you share here?

Very correctly explained. A trade secret is not like a recipe secret that you can share with the world and it would still stay the same for you. As pointed out, divulging your success strategy will make it stop working. It's not that anyone is ...

If you had the holy grail to pip making would you share here?

500-1000 pips per week but at what risk?

Weekly 500-1000 pips

That's actually a very smart reply.

Why 99% of traders lose money

True, not everyone has the patience to practice. I can't say with any certainty if someone would make the blunder of trading on a live account right from the very beginning but people do tend to start using a live account relatively sooner than they ...

Is demo a step before real trading?

If you're a beginner never start trading directly on a real account. Use a demo account and carry on using it till you get consistent success and only then move to a live account.

Demo vs Live Account

Whether high or low, Leverage does not really affect the potential profit or loss in trading. It's not like just because you have used a high leverage the market will turn against you but we must not forget that leverage, after all, is borrowed ...

Is it good use high or low leverage as a beginner?