Yes absolutely right. Knowledge and skills are the key. Loss is a part of trading. That's why we need to learn how to manage loss. Most newbie ignore money and risk management. It's as important as finding a good entry and exit.

New To Forex and Need Advice!

Success of a strategy depends on how you use the strategy. Market sometimes is in a trend and then it goes in consolidate phase. According to the market situation, you have to make change in your strategy and your approach to the market.

Is there a profitable strategy that works 80% of the time?

Yes I agree with. A system starts working when it is tuned with instincts/gut feeling and your own understanding of the market price and system. We can exchange strategy but can't exchange the abstract idea of own understanding. That's why one ...

Why so many systems

Yes forex is reliable. It's not going anywhere. But you need to have enough knowledge and skills to make money from here. You also need a reliable broker. There are scam brokers out there.

Is Forex reliable?

Yeah it takes time to be consistent. I think market is not unpredictable, the problem is we try to predict the market all the time, even if our strategy doesn't permit it. Every strategy has some limitation no matter how good the strategy is. But ...

Consistency

Emotions affect us less when we have enough understanding of strategy we use. You need to test your strategy on demo to have good understanding of the strategy. You should have an idea of your winning odds and risk reward ratio. The more random ...

Trading Emotions

Yes you are absolutely right. Emotions are involved in trading. When it's the borrowed money, it puts a pressure to make money quickly and regularly which leads us to make bad trading decision.

Take a Loan to Trade?

Yes you are right. Demo is to test our system to see whether it works or not. If the system works what's the winning odds and risk and reward. Demo trading is needed to find out all these.

Demo Forex VS Real Forex

Specially For day traders or scalper, daily closing price is very important. Forex market is all about price. If a trader can understand how price moves of particular pair, he can make money most of the. Price movement tells us about market ...

Importance Of Daily Closing Price In Forex

Thank you for your post. It seems a nice one. I will try it on demo to get the full understanding of the system. Once I understand the system properly, I will try it on real account.

Trading With Moving Averages

No it's a very bad idea to take loan for trading. It is advised that you do trading with your idle money. The money you can afford to lose. You can lose all the money and then it will become a burden for you.

Take a Loan to Trade?