Forex gets a false bad reputation of being risky not because the market is highly volatile but because of the attitude of traders who want to make huge profits in a very short period of time.

why forex is so risky?

As a beginner, it is absolutely necessary that you use stoploss. If you are an experienced trader, you should do what suits you because by then, you would have already made your opinion on it.

Real Fx traders do not use stoploss

They cannot make money gambling in trading.

Why you still lose

Greed is the state of never being satisfied. It’s more of an issue of always needing more than wanting more. It makes you indulge in risky trades that you would otherwise avoid.

Forex, Greed, and Risk

Never blowing up an account is a very unlikely scenario even if it's not completely impossible. I think the thread should be "I've never blown up an account, demo or real...so far."

I've never blown up an account, demo or real....

Not only would such a trader be difficult to find but I doubt that such a person would trade as cautiously with someone else's money as they would with their own money.

Is There Any Simplest Method To Success In Forex?

Developing one's own strategy requires patience as it is a time-consuming activity. It's perfectly alright if your initial strategy doesn't yield great results. To make your strategy bring profitable results you have to constantly improve it so do a ...

Best Advice You Can Give A New Trader Starting Out

Right. You can expect some results after extensive research and but certainly no results in the absence of it.

Trading Knowledge

Good point. People forget that they how far they have come. Always nice to have the benefit of hindsight.

Harshest lesson that you've learnt trading forex?

I agree it is hard to make money through trading and harder still to make it consistently. Good knowledge and experience increase your chances of being profitable but there is no guarantee of success.

Making Money is Extremely Simple

So this is an old thread but I am wondering if we are discussing making a regular deposit in a trading account or setting aside a chunk of our income on a regular basis from other sources of income for the purpose of trading?

Treating Forex as a Savings Account?

I think that's because most other tasks in life don't really require any mental preparation other than concentration. Even when one works or reads, all that is required is your body to be stably seated and your mind to focus.

the most important things in forex

Yeah, you are right! url

Fool Proof Trading..

This is just one of the sources from the top results. url

Why do we still lose?

New traders are discouraged from using high leverage because they tend to misuse it. High leverage, in itself, isn't a problem rather the inability of a trader to use it properly and this proper usage can only come through experience.

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

Learn over the web, there is plenty of available resources in the form of websites and youtube video. Don't be in a rush to start trading. Take up your time learning and practicing what you have learned.

Can you get rich quickly from forex trading?

Yeah, I've read about this 90-90-90 rule. Experts keep advising on trading in a way that you avoid being a member of this 90-90-90 club.

Why do we still lose?

I completely agree with you, having a mental preparation to trade is the part that's often downplayed when one has just begin to trade.

the most important things in forex

Very correct especially in the last message of post 3. You may be trading for as long as 20 years and still, there is no guarantee of a consistent profit. It's very important not to completely rely on trading as your only source of income in the ...

Best Advice You Can Give A New Trader Starting Out

I think ionone is using a translator.

I blew my account today!