Don’t some instruments have larger spreads? Nleu, what exactly are you trading, if you don't mind my asking? Because 5-6 pips spread really is quite a lot.

Information For Beginners

One can place a stop loss improperly by putting it too far too. Finding the right balance between placing it too close and too far can be tricky.

Real Fx traders do not use stoploss

Regarding the new regulation – brokers have already started following CySEC’s mandate and they’re lowering their leverage and removing bonuses for traders. I am assuming that the FCA-regulated brokers will begin doing that too in the coming months. ...

Do You Think Only Bad Brokers Give Out Bonuses?

To be honest, losses always hurt me emotionally at the very least. Even if the financial loss doesn’t hurt (and it often does), the injured pride hurts.

How to better control our emotions?

I agree. In order to live on trading income alone one needs to be exceptional, not just good. That said, if you’re “just” good you can still earn some nice additional income.

How many consistently profitable traders around?

That is exactly how I feel most of time. That said, it’s important to keep in mind that poorly placed stop losses can also gradually melt your account away.

Real Fx traders do not use stoploss

I prefer a desktop, largely because of the monitor size. The larger the monitor, the clearer the chart, as far as I am concerned.

Laptop or desktop trading?

That is actually pretty good advice. One can at least try to do that, even though I am sure it’d be pretty difficult.

How to better control our emotions?

A well-meaning, knowledgeable and experienced mentor can also be of great help. I do agree, however, that ultimately it all depends on the individual trader to learn how to trade.

Information For Beginners

One can only learn how to face the real market by trading on the real market, I think. Trading on a demo account is certainly vital – it helps one learn the basics and then practice those basics safely, but sooner or later one needs to learn to ...

What helped you the most to be profitable?

How do you achieve that? I have always had trouble doing that.

What helped you the most to be profitable?

True, some things a person can learn only on a live account, even if it’s a cent account. That said, it’s still a good idea to spend some time trading one a demo one.

Information For Beginners

CySEC regulated brokers have already started complying with the new regulations and are lowering their default leverage to 1:50. Since the regulator also banned bonus programs I am assuming they will remove those as well. I am not sure what the ...

European Brokers are lowering leverage?

I couldn’t agree more. Also, do not take unnecessary risks. Don’t fight the market, the market is always right. Learn to cut your losses.

Main guidelines for beginners

While I generally agree about the necessity for consistency, I was wondering where that 0.01% number came from? I thought that about 95% of traders lose money, which means that the other 5% are profitable?

How many consistently profitable traders around?

I agree, but I think it’s also good to remind newbies that right now both these currencies, especially the GBP, are hugely dependent on politics.

Which currency to trade during London trading hours

Even if one has a natural ability it still takes years of study and practice to become successful and consistently profitable in this business.

Most traders fail because of no discipline!

True, there is no one size fits all answer to this question, as everyone have different needs. Still, I think people writing here are giving a good general outline of the good trading times.

Forex trading - best time

France’s financial regulatory body, the Autorite des Marches Financiers (AMF), issued a notice in which it advises clients of no-longer licensed binary options broker Banc de Binary to cease business with it as soon as possible. Traders should ...

Banc De Binary Is Shutting Down Its Business

Good point. Emotional stability is vital for any trader who wishes to make a profit. Unfortunately it takes quite a while to learn to remain calm.

5% risk per trade?