I agree. One shouldn't invest a large amount of money into forex as they first start trading on a live account, it will just add to the stress they're already experiencing.

New to forex Tips and Advice

Wanting to make a profit is just part of who we all are as traders, and when you're inexperienced that desire have a blinding effect, unfortunately.

Trading is hard, but I like it

Which one of these pairs do you prefer to trade? And what is your reasoning?

The best Pairs to Trade?

True. There are various approaches one can try, and it's best to try them one by one until you find what fits you best.

Emotions (money management)

There have been a lot of changes since the first post in this thread was made back in 2014. CySEC forbade brokers from offering their clients bonuses, and then the regulator also clarified what exactly constitute the banned bonuses. The ...

Question about bonuses from Forex Brokers

That is a pretty good analogy, I agree. It can be almost as disastrous, although the context is obviously different.

successful trader without stop loss?

My point exactly. Learning to trade well requires time and effort. One can't skip that, although I am sure that we all wished that we could. I certainly have.

Trading is hard, but I like it

I very much agree. People are different, they have different needs, different approaches to trading and different strategies work for them. There's no one size fits all solution to the need to make money off forex trading.

New To Forex and Need Advice!

True - good money and risk management, as well as strict discipline are some of the most important aspects of profitable trading.

Emotions (money management)

I agree. I would also add that it's wilfull denial of how the situation on the market really is.

What is overconfidence in Forex?

My advice is to go back to the demo account and trade the exact same way you would trade on the live account. Same lot, same leverage, same initial sum, etc.etc. Make a trading plan and follow it.

New to forex Tips and Advice

He made the post back in 2006, he's not a newcomer anymore. That said, I agree with the advice you've given, it applies to all newbies.

New to forex Tips and Advice

The French regulator AMF recently issued a warning against several unlicensed entities working in the country, and among them was an Admiral Markets clone called Admiral Markets Global Solutions Ltd, as well as Trade24, which has already been ...

Show me a scam broker

I actually dislike EUR/USD a lot. I think it's very range-bound all the time, its movements are choppy and I only end up losing money when I trade it.

Which pairs do you dislike to trade most?

I have no opinion, I haven't actually tried trading using that platform.

where do i begin?

Not to mention difficult. Trading has many aspects, but a reasonably intelligent person can deal with them. Emotions, however, are not subject of rational, intelligent thought, so it's much harder to manage them.

Emotions (money management)

I absolutely agree. People have different needs based on what and how they trade. I think the best thing we can do is list the most popular trading times and newbies can pick for themselves which ones fit them the most.

Forex trading - best time

I agree, but unfortunately that is easier said than done. Human beings are emotional, irrational creatures for the most part. It's in our nature to be this way, and learning how to be impartial when you're trading is really difficult.

What is overconfidence in Forex?

I don’t understand it either. Binary options are incredibly risky, either because of their very nature, more resembling gambling than trading, or because the brokers offering binary options trading tend to be very dishonest to put it mildly. Even ...

I want a good regulated binary options broker

Hopefully the man's not a newbie anymore.

New to forex Tips and Advice