They’re absolute scammers. There have been multiple warnings from financial regulators all over the world about them – Switzerland’s FINMA, Australia’s ASIC, Ontario’s OSC, New Zealand’s FMA, Belize’s IFSC – and yet law enforcement hasn’t taken up ...

Anyone using Trader24 - Took my money and ran?

These advertisements are so damaging. They create false expectations in traders and give the whole industry a poor reputation. They're not helping anyone.

Live off of Forex only?

True. And even then it will be just manageable, rather than outright easy. Trading is not an easy occupation, regardless of how much knowledge and experience you have.

Is trading really that hard?

I think that different things are easy for different people. Some scalpers do good with such short-term positions, but catching one big movement stresses them out. Others are exactly the opposite as you describe. It's a very subjective thing. ...

10 pips a day can make you rich quickly

There are probably some people who started profiting pretty quickly once they started trading, but they are so few and far between that they are the exceptions and not the rule. Err on the side of caution and don't try to hurry the process, you'll ...

Live off of Forex only?

I have never heard of them. You should check online reviews to see how favourable they are. That said, I always recommend for people to stick to more well-known and used platforms.

Trading Platform

If one is trading with borrowed money there's quite a bit to lose, unfortunately.

Going all in on a trade

Is it that certain? 95% of traders lose money. I do think it's possible, but it's a long, difficult road and one should be prepared for that.

Live off of Forex only?

Personally, I think that in terms of security the broker in question should be regulated by a large, respected regulator like the British FCA, the Australian ASIC, the French AMF, the German BaFIN, etc. I would steer clear from CySEC-regulated ...

Broker Discussion

In the end of the day, that's what is important. I strongly believe in using stop loss, but if something works for you and works well, who am I to judge?

Trading without stop loss

Great advice. It is very important to trade when you see a good signal, rather than trade because you want and/or need to trade. One needs to learn when keep away from the market just as much as one needs to learn when to trade.

Rules of Successful trader

Newbies, unfortunately, often underestimate the need for psychologically training themselves the same way they study analysis methods, and for some of them that has unpleasant consequences.

Emotions (money management)

I think that trading is hard in terms that it takes a while to learn to trade well - and in the meantime you'll likely be losing money. And it is also hard on the psyche because when you are trading you are sorely responsible for your own decisions. ...

Is trading really that hard?

I had heard of the former book, but not the latter. Thank you for the recommendations.

Emotions (money management)

Canada is about to ban binary options trading altogether. Those brokers don’t offer binary options, as far as I know, but it’s possible the Canadian Securities Administration (i.e. the regulatory body unifying all regional financial markets and ...

Why are brokers ditching Canadians?

While making enough profit from Forex trading is possible, one should be aware that it takes a long time and a lot of effort to get there. It's not a skill that one can learn overnight.

Live off of Forex only?

Perhaps. What was described, however, sounded like people were having some sort of nervous breakdown, and that's not easy to recover from, unfortunately.

Emotions (money management)

As a newbie I thought that trading would be hard, but the reality of it was that trading was even harder than what I imagined. That's the thing about imagination - it often falls short of reality.

Is trading really that hard?

That's really unfortunate. I hope those people are better now.

Emotions (money management)

One could, in theory, keep long-term positions opened, and that requires little time devoted to actual trading. But one does have to make the effort and take the time to learn how to do that.

New to forex Tips and Advice