If we follow this kind of approach then we might catch some tops and bottoms but it will be difficult. Although it is possible to take such chances with 15 - 2 5pips SL and reward can often be like 10 times.

"buy low and sell high"

It was a long journey from 95% to 5% for me. Nearly 2 years, now I have some systems that hare giving me green pips. All I need more is some fine tuning and 6 months more.

95% traders go broke, only 5% survive

I agree with you they have a huge collection of well organized videos on you tube, I had down loaded about 200 videos of them and they are very good in learning about forex market.

Best newbie videos

Risk reward is an important factor is a traders life. If we aim a higher reward then we can make money even if we have low win rate but with unbalance risk to reward a higher winning rate is required.

Risk:Rewards & Some experience on trading

We need both in order to become a good trader but major part is played by skills, not luck. A lucky trader will get more setups according to his strategy and an unlucky ones might miss a lot.

Need luck or skill for trading?

Well I do believe now after seeing a person who had less than one year experience and is damn good in trading. My guess is that he uses some supply and demand technique to predict the market's long moves.

Gifted Traders?

I will be the one making money only from forex in about next 2 years or so. I had spend several months in practice and now I'm confidence in starting trading in real account.

Is anyone here earning a living, just with forex trading?

It is possible to get 5 pips per day but when you get a loss, then you have to recover that loss plus you have to make your 5 pips also, its on those days when it gets tough.

How to get 1-5 pips with 100% win ratio?

I trade only when I see a good setup according to may trading strategy. My main method is to trade on daily time frame so with this method I get only a few trades per month. Nearly 8 - 12.

How often do u trade?

You are right, I had this experience with other traders they they are not consistent with any strategy, even if you tell them and teach them, still they don't follow it correctly and consistently.

Why are most of the traders here failures?

If you are going to use higher time frames then you can see more clear price action on most of the pairs. But there are many other things that you have to keep in mind besides only following price action.

Top currencies that gives clear price action

Everyone have different approach towards forex market. Some have more spare time to trade while some have less time. So if you have less time, then choosing longer time frames is best for you.

What time frame do you trade and why?

Demo is indeed very important for newbies to practice their skills without having the fear of losing real money. A person can easily test or check any trading system of strategy or indicator easily.

Is demo a step before real trading?

I will not recommend anyone using an EA for profitable trading as any EA cannot give you consistent profit over longer periods of time. Any certain limited time profit may be possible but longer success in not possible.

Searching for profitable EA

The numbers can be so high as most of the traders I met are struggling in forex trading. A great hurdle for most of the non english traders is the language barrier that they face as most of the learning stuff is in english.

The 95% of losers, it's true?

If we try to get rick quick from trading, then we will only be facing huge loss from this act of ours. As forex market is not a gambling arena where you can succeed without knowledge.

Can you get rich quickly from forex trading?

I love forex trading because I can do this business from any part of the world. Even if I'm traveling I can still trade and look after my business. there is no space and time restriction in forex market.

Why forex?

The quantity of losing traders is indeed very much. Its because forex trading is not taught traditionally. We have to learn almost every thing by ourselves.

95% traders go broke, only 5% survive

I am a shop keeper and I do trading as a part time job. So for this reason daily time frame is the best for me to trade on. I look at start of daily candle, then on London open and then on London close.

What time frame do you trade and why?

It is because most of the people that enter forex trading do not consider it as a serious business. They mostly think that its a game of luck where you can get big profits occasionally.

Why are most of the traders here failures?