samuel23

Forex is a something that we need to learn well as it really demands concentration and hardwork. We should know that if we want to get money out of it we will need to be very good.

Very good and i wish you a very good holiday ahead as we really need a rest. Me also gonna take another one around 23 dec as christmas & new year coming soon. So we really deserved a good holiday. Happy holidays

I did took a long holiday!! It is now that i am trading after so many days. I actually deserved i as i had trade a lot during the past weeks and i wanted to relax. Good luck anyway and let hope this can be another good friday!!

Well my trading is not so bad!! Having a good profit for the past 2 weeks and waiting for this friday to take a little pause and relax a bit! And what about your trading??

:haha: Ya when you think of that many things you have to learn about Forex, you may something think whether it is worth it?? Well i know that but i was devoted and wanted to learn. From my part i can say that not being lazy helps!-!

Well addicted to Forex. I think there are many like you in the business :rofl: Anyway, i wish you luck and hope you can earn a lot of money in the Forex Industry. Not many have been able to achieve success but if you are well prepared then am pretty sure you will be able to see that success. Good luck!!

Definitely mate. If you are open an account with a broker am sure they will have to charge you but exactly how much, i really do not know. Well, this also depends with which broker you are trading Forex. Normally, they do charge their interest and it may depends on how much you have win in the market. However, the best thing i presume is to trade max on demo account as you will be able to know whether the broker is reliable or not!!

Well this is a good advice mate i will not say tips and this advice is one of the greatest one in the Forex Industry. I would also give this to all traders around in order to trade more prudently and avoid big loss. Always set Stop Loss. Have a nice trading :haha:

Here are the tips that i have shared with Shawn. I hope that it can help you also and if ever you have any question, do not hesitate to ask. Good luck Trade pairs, not currencies — Like any relationship, you have to know both sides. Success or failure in forex trading depends upon being right about both currencies and how they impact one another, not just one. Knowledge is Power — When starting out trading forex online, it is essential that you understand the basics of this market if you want to make the most of your investments. The main forex influencer is global news and events. For example, say an ECB statement is released on European interest rates which typically will cause a flurry of activity. Most newcomers react violently to news like this and close their positions and subsequently miss out on some of the best trading opportunities by waiting until the market calms down. The potential in the forex market is in the volatility, not in its tranquility. Unambitious trading — Many new traders will place very tight orders in order to take very small profits. This is not a sustainable approach because although you may be profitable in the short run (if you are lucky), you risk losing in the longer term as you have to recover the difference between the bid and the ask price before you can make any profit and this is much more difficult when you make small trades than when you make larger ones. Over-cautious trading — Like the trader who tries to take small incremental profits all the time, the trader who places tight stop losses with a retail forex broker is doomed. As we stated above, you have to give your position a fair chance to demonstrate its ability to produce. If you don't place reasonable stop losses that allow your trade to do so, you will always end up undercutting yourself and losing a small piece of your deposit with every trade. Independence — If you are new to forex, you will either decide to trade your own money or to have a broker trade it for you. So far, so good. But your risk of losing increases exponentially if you either of these two things: Interfere with what your broker is doing on your behalf (as his strategy might require a long gestation period); Seek advice from too many sources — multiple input will only result in multiple losses. Take a position, ride with it and then analyse the outcome — by yourself, for yourself. Tiny margins — Margin trading is one of the biggest advantages in trading forex as it allows you to trade amounts far larger than the total of your deposits. However, it can also be dangerous to novice traders as it can appeal to the greed factor that destroys many forex traders. The best guideline is to increase your leverage in line with your experience and success.

This is important as we should know with whom we are trading. As when we invest our money, we always have our mind on it and we must trust our broker also. Well i think reliable and flexible broker will be most welcome and indeed we should make sure we are not trading with Robots!!

Stress can't be good for someone in Forex. How can you say this?? am still wondering. Maybe this can be helpful to you but as far for myself i prefer to trade stress-less!! :doh: Anyway good luck with your release stress everyday :rofl:

Stress is something that we will always have for sometime but i do not think that stress can last forever. Example; when you go for an interview and you know that this is very important you'll definitely get stress but as soon that you get the jobs and you become more familiar with things then am sure that your stress will just disappeared. In forex as well it is quite the same as at the first time you will see that you stress and then after sometime you will be more at ease with things.

Ya indeed, you make me remember my first days when i started learning Forex. Babypips was one of my first site where i started learning and i was very happy learning there as it provides very simple examples.

Thanks, this has somehow boosted me concerning my back up plan. I do agree with what you said as there is nor plan with backup plan. We can see that always people do have Plan A and if that fails then they go to Plan B. We should consider planning like this and am sure we will be always in the safe side!

Hi guys, do you have a back up plan in Forex?? This is very important that we have another things we can do rather than trading forex or how to trade forex if we are in a very bad losing trades??

Great to see people who are interested in trading Forex nowadays. I wish you long success in this field. I have sent some useful tips concerning Forex trading by your email. If still you have any questions, do not hesitate to ask as we will surely be happy to help you in the Forex Industry

Am pretty sure you know how to forecast people rather than trading!! I have stated in 3 lines what i think about forecasting and you have given in i do not how many paragraphs my biography which am sure is completely wrong and senseless :haha: I really do not know where you come from mate but am sure you might be mad :rofl:

Thanks a lot for sharing this with us. It is indeed very useful and am sure many can learn from it. I would encourage everyone to atleast read it once and see how this can have a rapid effect!!

Even though we give millions we will not be able to see a few seconds ahead.. We have to anticipate and try to forecast the market. We should have a good knowledge about high/low resistance. But still it would be difficult.

Ya that true as trading demands plan, strategies and also concentration. We should know that it is not an easy market and it really needs load of hardwork to achieve success.

When it comes to trading, one of the most neglected subjects are those dealing with trading psychology. Most traders spend days, months and even years trying to find the right system. But having a system is just part of the game. Don't get us wrong, it is very important to have a system that perfectly suits the trader, but it is as important as having a money management plan, or to understand all psychology barriers that may affect the trader decisions and other issues. In order to succeed in this business, there must be equilibrium between all important aspects of trading.

Iphone is the best phone to trade Forex. You can download the MT4 and keep connected to your Forum, Facebook and other apps also. Really flexible, sometime even better that a PC!

Foreign exchange is an opportunity to make a fortune and in same time it is an opportunity to loose our money, we can make a fortune if we knew how to handle Forex, if we don't know how to control Forex it will destroy us, so we must be stronger than it, and if we don't know how to control it with our own hands it will destroy us too. So how I can be stronger than this ferocious beast? It is simply by learning, observing, and practicing.

I have replied Yes and i can see that many other have voted yes also. If i got that money, i would loved to double it and am sure that with Forex it can be achieve :haha:

Seems that this the day when you wake up you say to yourself that am gonna get all the money i lost during the last 4 days :rofl: Maybe this is why you trade full day :haha: