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that's totally a bad idea you got their don't ever invest money in Forex market as a newbie even if it's not borrowed unless you spend half a year gaining knowledge and experience through practicing...

exactly most off the transactions made everyday in the Forex market is made during London and European session the market tends to have high volatility at that time so it's good time for day traders

as you know in any aspect of our life mistakes makes you gain knowledge better than any other way and that's what the experience mean so as long as you makes mistakes in Forex and evaluate them and...

WOW Man that's realy a good post it's not only rules but that's a summary of a professional trader lifestyle it gives the beginners inspiration and wakes them up of their illusions of becoming...

you really need to start from the very beginning of the Forex education and that luck of you opening a trade and making over 40% of the account in profit that's how you get dragged and start to see...

well that's because Forex is a trap for a lot of people who get dragged by the unrealistic profits that's rumored and make them believe that he/she will double the account every week if not everyday...

i agree with you that it will take sometime as it should be divided first target 100K then 200K, 300K, 400K, ... and so on you will reach the million dollar as you gain knowledge and experience along...

you are right my friend some people say their is a phenomena of 90% of traders lose 90% of their account balance within 90 days it's a big business based on earning money from the losers so it's...

bar chart and candlestick chart is similar but candles is easier to read and good for my analysis but line chart don't give you any useful information only the close of a candle I'd love someone to...

you don't need luck in trading it's for beginners who see the price moving a pip up then they buy and sell when it moves down (i used to be this person) but if you are aiming in becoming professional...

use a smartphone and you don't need expensive on the latest versions just look for one with good connectivity to the internet i myself use samsung galaxy s4 and it's very good HTC is good so maybe...

yes it happens a lot in the market what appears to be a strong trend on H4 could be a correction wave on daily timeframe that's why the higher TF is used by the expert traders as they see the big...

as a newbie i was doing a 6 hours in front of the chart but that was for studying and practicing that of course was tiring but with knowledge some experts spent 20 minutes or so a day to monitor...

i would evaluate the pair and analyze it to see it's next move so basically i will look for the next trade as i will withdraw in the end of the month not everyday like a normal business you evaluate...

i personally prefer the daily trends as a swing trader it has a lot of potentially and can be trusted more than the hourly because it's strong and price often respect them

yes a good balance like $10000 will give my a lot of profit even if my target is somehow low in a month like 20 percentage in profit that will be good and i can control my emotions but in the case of...

the moment i will become a full time trader is when i get a reasonable amount of money to get retired put it in a bank account quiet my job and enjoy my life and that would make me a full time trader...

In my trading i once recovered a big loss of a whole month with one trade when the interest news hit the market it was a desperate move and if i went back in time i won't do it again but i got out...

if you know what you doing in Forex market and have knowledge and experience then invest $1000 with a reasonable target of 50% monthly gain that's $500 profits but i will think of getting a part time...

i don't enter my trades with the same lot size according to money management system i but a risk of 2-3% risk on every trade that means if i have $1000 then the risk will be $20 and divide the risk...