I don't know about going insane, but the risk of burning out emotionally is very real. It exists with every job, really, trading is no different.

Emotions (money management)

ESMA is pushing for harder, better regulation of CFDs, binary options and rolling spot Forex, especially among third-party providers, such as introducing brokers and affiliates. I, personally, haven’t read or heard any talk about any outright ban, ...

I heard that ESMA wants to ban CFD's. What do you guys think?

I don't think that doing what you love and having fun while you're doing it are necessarily mutually exclusive things. Sometimes they can be, but not always. There's nothing wrong with loving trading Forex and having fun doing it, because it makes ...

Rules of Successful trader

I don't completely agree, I think. What you are describing is driver error which can often be proven after an investigation. Bad luck would be for one's car to be randomly crushed by falling debris from a building or whatever scenery you're driving ...

I plan to quit forex!

I agree. It's important to actually enjoy trading Forex. It's not something that should feel like a chore, because it takes a long time and a lot of effort to perfect, and if it felt like a chore you wouldn't want to put in the necessary effort in ...

Rules of Successful trader

Would that be considered luck though, or just hard work? Luck is a matter of chance, regardless of the work you do.

I plan to quit forex!

Great advice! A trader cannot rely on luck, as trading is not gambling. I would also add 4. Always strive to be as calm as possible when you trade, because emotions will cloud your judgement.

I plan to quit forex!

The first basic thing one should learn as a newbie Forex trader is that it takes a long time and a lot of effort to actually start making profits from trading. It's not something that can be learned overnight and one should be aware of that, so they ...

what is the basic thing that we should know???

I usually use a debit card and I'm not charged anything. Also, some brokers cover the withdrawal fees themselves, it's a good idea to ask them before even signing up with them whether they do it.

New to forex Tips and Advice

Way before the drama with FXCM being kicked out of the American market its introducing broker Avail Trading Copr., operating under the brand ATC Brokers, filed for bankruptcy with the California Central Bankruptcy Court under Chapter 11 of the US ...

Brokers that went broke, and their history

I agree with most of these but I am not sure how sleeping less helps. The less you sleep, the less your mind will be focused and clear afterwards.

Rules of Successful trader

True. If you're working with a scammer all your good trading wouldn't matter because you wouldn't be able to withdraw your profits anyway.

Rules of Successful trader

I know you're joking but when it comes to cases like this I always hope that people succeeded.

Going all in on a trade

That sounds good in theory, but in practice is any trader 100% sure in what they're doing? Forex trading is about probabilities, after all.

Going all in on a trade

Question - do any of you have the urge to move your stop loss when you see the price approaching it?

Trading without stop-losses

Compared to everyone else, the new German regulator didn't crack down on CFDs as much as they could have. The German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, a.k.a. BaFin) announced it's introducing ...

FCA imposes bonus ban and leverage cap for CFDs

Truer words have never been spoken. Thank you for speaking so candidly about this. I completely agree with you. Newbies need to be aware how long and difficult the path to success is when you learn Forex trading.

I plan to quit forex!

I really wonder what happened and whether he went through with it. But he hasn't said anything in months in this thread, so we may never know.

Going all in on a trade

I don't think that anyone could explain to you how best to make profit in a forum post. I mean, people have written entire doorstopper books on the subject and the topic still hasn't been exhausted. I recommend reading up on technical and ...

Taking Profits too early?

Copixus, did you ever do it? Going all in on a trade? Even if you did, I hope you didn't do it with borrowed money.

Going all in on a trade