The return on mutuals range from 10% to 20% on average, so guess if you are not sure about trading, you could always opt for mutuals and other forms of investment. On the start richer, come one, how many of us even started with a $10,000 account and ...

Can you get rich quickly from forex trading?

Half the profits - don't think you are going to find many takers for that.. But I do donate a small portion of my earnings to cry and other organizations..the amount I donate depends on my net for that month. And here's a reason why traders may want ...

Gifted Traders?

Any updates on EUR/USD post fed's news? Wonder if the $ is going to be up for the short term? And on the "account going bust" high leverage, no MM are some of the reasons as to why it will..

The perfect trading system

Please test it out on a live account, and upload the results - a demo based back test is not that effective

What do you think of this backtest?

Yup! Setting up a demo account is a no-brainer, but figuring out all the bells and whistles on the platform may take a while. As to the demo vs live, it's up to the individual trader..

For a newbie, how to start with a Demo acct and MT4?

You can use the demo to learn about the market, trading on one and how to execute orders, etc. Where as to practice real time trading, you can opt for a micro account and get started on it

Is demo a step before real trading?

Tokyo open and end, London close, mostly H1 and day charts. Tokyo open often tends to start slow but gives me a general trend..

What time frame do you trade and why?

Where the heck is everyone getting their stats from..(95%, 99% etc), would love to know where the stats are coming from..

95% traders go broke, only 5% survive

Will second that..nice post and yeah, hope the message gets across..

Here's the answer to "Can I make a living from forex"

Well, as others pointed out (with creativity, nice touch), spreads are the killer and that's not taking into account sleazy brokers.. And random entry, that's like playing the russian roulette and sorry, but the stat is way off..

Random Entry Win Ratio!

@ Ditter, that just cracked me up, LOL - wish it was true and I can get my hands on most of the trillion $

Can you get rich quickly from forex trading?

Try looking it up sometime, even if you do not trade in futures still makes up for some interesting reading. But I get ya, same here, with fx - though JPY has been acting up contrary but that's not new, is it?

Need suggestion to improve skill

Sure, right back at you - hey, don't get me wrong, I understand why some traders tend to approach the market for a quick buck and a gambler's perspective..just that hen you start tossing the coin, you are going to face quite a few losses. But guess ...

Can you get rich quickly from forex trading?

Yeah, we need to factor that in for every trade..and FWIW, hedge management is not easy for anyone..think futures and options and you'll soon see what I mean..

Need suggestion to improve skill

You got to love some of the comments..and yes, the hard work is an essential requirement when it comes to Fx trading, just wish the newbies realize soon enough that there's no easy road to becoming a successful fx trader..

Can you get rich quickly from forex trading?

Hi Phil, Mingray, Not going to comment on the last few threads for obvious reasons but to be fair, will check out others if they are still up. Moving on, Phil, thanks for the exp and yeah, green tea sounds great and yes, it is chock full of all the ...

Need suggestion to improve skill

I wasn't critiquing your post, but was a bit confused on what you meant..but the fact remains that the honeybee does fly and so does the bumble bee despite the disproportionate sizes of their wings.. Getting back to the topic - For all newbies, ...

Can you get rich quickly from forex trading?

Nice exp but wait a minute, you don't drink coffee? so how do you handle your stress, apart from walking? Believe me, I need anywhere from 4-6 cups to get through a trading day..

Need suggestion to improve skill

Okay, the last comment did not make sense to me - can you clarify it? I mean, if the honey bee can't fly, how on earth does it collect the honey it needs?

Can you get rich quickly from forex trading?

No one said you need to exorcise the emotions out, just that you need to tune them out in order to avoid making mistakes.. On meditation, at times of stress, it does work (personal exp) but guess that depends on your perspective. Come on, Plato ...

Need suggestion to improve skill