fxeconomist

You can make off living trading forex meeting 3 conditions: 1. Decent capital 2. Moderate Skill 3. Fair broker (Hotforex for example, which I trade with) That's it.

I also studied it about 20 min then just logged in My Hotforex demo and started to place orders randomly. Even in those time I managed to make some profit.

I don't recommend to spend any money to anything indirectly related to forex. It is waste of money and in most cases is scam.

Leverage is amount of money added proportionally to your deposit (50, 100, 500) when you open an order. While your order is active you can't lost more than your trading margin. When you close your order leverage money return to liquidity provider. For example I trade 1:500 leverage with Hotforex, which means that for one full trade lot (100K $) I need only 200$ free margin.

Reasonable, not ambitious goal for average trader is 10% month profit. It takes into account such important feature as consistency of earnings.

Firstly I would advice you to practice trading in training (demo account). There you'll be able to find what indicator best fits your trading style and apply material your read to the trading. I use Hotforex demo simple but working stuff that simulates live trading. Don't hurry to go live, it can leave bad or frustrating experience for you so you can even withdraw with any speculating activity.

Do you really think that it is enough to trade in the evening only to stay in profit and moreover work out profitable strategy? It doesn't make a sense you make equal forex to evening relaxational hobby.. but it is impossible..

Just imagine that you are involved in a most profitable market in the world, you are businessman, independent person who work worldwide. Just realize it and you will be excited of the status you have - trader.

I would question that statement, as there is no people who is incompatible with trading. Another important point is acquiring knowledge for that: somebody ju st leavy this rough going and give up with trading. Lacking persistency is the biggest issue in that.

Hi there. It is the third forex forum where I've registrated and this one seems to be the best of them. I have a good notion about forex but I feel it insufficient to make successful trading. So i would like to get more on this forum and share some interesting ideas on how to elaborate working forex strategies. Thanks