Some strategies are less profitable than others and some people have difficulty understanding some strategies. That said, I do agree about proper money management and discipline. Whatever one does, those are always essential to good trading.

What was your "holy grail"?

What are the pairs that you find to be most suitable for your style of trading?

The best Pairs to Trade?

Good point. That hadn't actually occurred to me before, but the answer does apply to the original question.

Has anyone become wealthy from forex?

That requires to have a pretty large initial deposit, and most traders don't have that. So even if you know how to trade such events, the solution applies to few people.

What was your "holy grail"?

One can practice, initially at least, on a demo account. I think it is even adviseable to do so before moving onto a live account, at least until you learn the basics and the software.

Information For Beginners

If youre in the USA and youre currently trading with Tallinex keep in mind that The US Commodity Futures Trading Commission (CFTC) has filed a lawsuit against the broker for accepting clients from the US without having a license. According to the ...

List of Brokers taking U.S. Clients with hedging, scalping and no FIFO

People like George Soros and Stanley Druckenmiller would probably disagree. That said, the George Soroses and Stanley Druckenmillers among the hundreds of thousands - if not millions - of regular Forex traders are so few and far between that they ...

Has anyone become wealthy from forex?

I am pretty sure that by "trading" the original post meant "trading profitably". After all, what's the point of trading if you're not aiming to profit?

Is trading really that hard?

That has always been my question to people selling strategies/indicators/EAs/training/etc. - if it's so good and profitable, why do you waste your time selling it rather than using it yourself to make money without having to deal with other people?

Has anyone become wealthy from forex?

I know that feeling of confusion so well. As a newbie I had no idea what I was doing either. I didn't know what to trade, how to trade, how to pick a broker - that turned out very important, I got scammed more than once - I didn't know what major ...

What was your "holy grail"?

How would you define "scalping in a proper way"? Would you please elaborate?

The best Pairs to Trade?

It is the most popular, yes, but not exactly the most usable for the reasons you cited - it's dependent on fundamentals. All currency pairs are, but this one - especially so.

The best Pairs to Trade?

There was no Holy Grail for me. Just hard work and a lot of sleepless nights. I don't think there's such a thing as a Holy Grail in Forex.

What was your "holy grail"?

I know people who have learned to make a tidy profit that is a good and helpful addition to their general income. It does happen. But I don't know any people who have become truly rich from it.

Has anyone become wealthy from forex?

I generally would not recommend using offshore brokers to trade because there is a number of inherent risks involved with becoming their client. Offshore zones are known for their lax or even non-existent regulation, having less capital requirements ...

Profits with an Offshore Broker

Great advice. I would add that it's a good idea to figure out what you trade better - range or trend - and learn to trade only during market conditions that are favourable to you.

What helped you the most to be profitable?

Some people study and practice for longer than that and they still don't succeed. It's very subjective, unfortunately.

how long does it takes to become a successful trader?

If they're training themselves to scalp they could do it. Though doing it on a demo account for a while first is adviseable.

which time frames to use

I agree, it's a very bad decision to do that. It's important to stick to one's plans.

Trading without stop-losses

I just use candlestick analysis and MA and BB indicators to ascertain changes in trend, reversals, etc. It doesn't have a specific name. My point was that candlestick analysis seems to be more reliable on H4, M30 and M15 time frames than H1 time ...

which time frames to use