Personally, I would recommend any new trader to use demo account first, in order to familiarize with trading and develop a trading strategy that works best. You'll not feel the loss since you only trade using virtual money instead of real money. ...

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

What's the trading conditions (commissions and spread ) for referrals?

Axitrader affiliate program

The secret to success in forex trading is keeping things simple. Forex trading is not easy, if I say so, I'd be lying. But again, it is not as complex as many people make it to appear. In fact, you can comfortable make money if only you have the ...

Is trading really that hard?

Unfortunately, there is no short cut to success, especially where money is concerned, like here in forex trading. You can succeed by dubious means like price manipulation, but that is just short term success and you risk spending several years in ...

Is There Any Simplest Method To Success In Forex?

I'm very sorry for what you've gone through, it is a common thing that happens to traders at one point or the other. What matters is how you recover from your loss. Just evaluate your trading strategy and see the missing links. Avoid fake forex ...

Help - The savings of one year gone in a few days

Risk management is one of the most important skills that a trader must possess and make perfect. Managing risks is very possible, and you must never risk more than 5%, in fact, 2% is okay for new traders. To manage your finances, always use a stop ...

New To Forex and Need Advice!

Of all the crazy things I've heard since joining the forex community, this is certainly the craziest. I have noticed this thread was started more than a decade ago so probably Mr. Dancun found a "profitable way of losing money" . All the same, one ...

I want a losing system

Very true, other people's strategies can never work well for you. In order to be more successful, you have to identify your edge and then build your system around it and your personality. You must try and backtest strategies to ensure the best ...

Other peoples trading systems won't work for you

This is quite an important thread. Thanks so much Mr. BenjaminIs for taking your time to update us on critical matters that can impact the success of a trader. I like your trading strategy, and I hope you'll continue updating this thread as time ...

Money Flow Trading Method along with Risk Management

Not only bad brokers offer bonuses. That's a fact. Another fact is that not all bonuses are good. So if you know what's good for you, then you better play safe. I am not discouraging those who like free things, I'm simply saying that free things ...

Do You Think Only Bad Brokers Give Out Bonuses?

Of course yes! I have seen people grow rich from trading forex, but it never comes easy. They have been at it for years to enable them learn the market and mastery of winning strategies. It takes absolute patience and determination to begin making ...

Can you get rich quickly from forex trading?

Finding the best broker is very critical since it also determines whether you will succeed or not. Ensure your broker practises high level of transparency and customer care. Do not go for an unregulated broker who might end up disappearing with your ...

Best Broker?

Trading is not done by ego, as most new traders do, is never the best option for anyone who wants to succeed in forex. Emotions don't mix with success in forex and without self control, a trader can be over-confident and end up losing everything. ...

A question From A Newbie To Forex

I would advise that new traders stick to demo trading for a start in order to familiarize with how things are conducted in the forex market. Random trading is not beneficial in any way since the risk is very high but you end up gaining very little ...

Complete Newbie to Forex

There is no maximum startup capital for trading. You can start with a small amount and make huge profits or start with a huge amount and make huge losses. What really counts in the end is your strategy and trading plan. Forex trading is not what ...

Do you really need that much to start?

Buying trading lessons is one of the worst mistakes that traders do, especially new traders. All the information sold out there is available online for free and on platforms like this one. I also approve of using the services of Rob Booker. Thanks ...

forex mentoring programs

The rule of the thumb is: Never take leverage that your account can not afford to pay. For newbies, take the least leverage possible. I would go for 1:100, if you feel less confident, take less. High leverage comes with high risk and probably high ...

What leverage is best for a newbie?

I beg to disagree with this. It is true that success in trading is also determined by our choice of brokers. We must chose the brokers to deal with wisely. However, saying that success completely depends on brokers is not true since other factors ...

Who makes real money from forex?

Hi Allen, its great to hear that you are planning a family vacation to the beach. I've never been there personally, but I would love to someday. I guess its a good thing to take a brake from all the analysis of forex stuff and enjoy beach life. I ...

Daily Trading Ideas