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It doesn't matter how many trades per day you will make. The matter is the efficiency of these trades. You can make 5 trades for the whole day but they will bring you 100$. It's a great result and I hope every trader will once come to such result. Anyway, the amount of trades don't matter at...

Success in forex depends on many different factors. Firstly, your personal skills and vision of the market. The more skills you possess, the more profitable are your trading results. So, forex is not the place where you can earn money easily without proper preparation and knowledge. Secondly...

I absolutely agree with the author of the thread. Money management is the cornerstone of trading and any kind of investing as any investment presupposes certain risks which have to be controlled. Without money management trading reminds me of betting where 'win or lose' situation takes place all...

I personally think that it's kinda difficult to comply discipline when you're novice. However, it's like a first task for every human who once decided to become a trader. You should always think of discipline because it matters even more than your knowledge and experience. There is no success...

I partly agree with you here. It is possible to trade on news theoretically, but it is essential to be able to analyse the markets in order to learn entry/exit points. Actually, news can be very useful in addition to TA.

It is risky but it is also rewarding. So, you need to understand the risks before coming into trading and hedge them or ferget about trading.

I heard that with all brokers demo accounts have quotes that differ from those provided to real accounts.

You just don't have to believe that you're going to make a lot from a hundred dollars. It doesn't work that way. It's just an amount to test. But then you're going to need more for a steady income.

I would like to put it very clear that the books are very essential in the field of forex trading because they help in doing several knowledge impaction. Generally, the books are jus to provide you with the overview of what you are going to meet in the real field of trading. For example, the...

Many say that short timeframes are more risky. But long timeframes are more quiet. But if you still want to try everything, you can start with a demo and draw conclusions.

If you're trading with 3-5 trades, that can work so. But if you're taking trading seriously, you simply can't control each trade 24/7, so you would miss some of them and would lose money on them. Stop loss helps to avoid such issues. Otherwise, you can't control taking profit as well, so...

I don't know where you read that. No, stop-loss and take profit is one of the important aspects of trading, because otherwise you can lose too much on one trade. It seems you are trying a regular CFD account with Trade.com . Intraday most likely. This type of trading is impossible to be...

I agree with this idea. Trading can be a game without winning. And it will lead to disappointment and other negative emotions.

As a newbie you should watch as many instruction videos on forx or anything to do with forex so that you can an idea what fore is all about. There are a couple of people that they think they know what forex is all about after watching a few ads and their friends telling them that they should...

Joblessness is really a big problem, it's very sad to realize it...

I can't say that's the best book for a beginner. it's complicated, imo. But I agree, it explains money management quite well.

The most common rule you should understand is that the size of your trade shouldn't exceed 10% of your capital, if it's higher, than the trade is too risky, especially for a beginner.

Huh, that's unexpected a little. I'm sorry you didn't get a chance to try them, I can suggest you to find other way to invest your money. As I said, it's better to invest in something else, porfolios are looking too unceratin.

Oh, please do not talk about the fact that trading is a game. Because this is what forms the negative image of this business. I think you should take it as seriously as possible or not to do it at all, so as not to waste time and money. This is the business!

Any business is characterized by increased risks and some specific features. That's why some people cope with it and get the desired income, and some people have to give it up and try something else.