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I prefer to trade forex on part time. Do not forget that there are times the market will be ranging and there are times it will be trending. I have a habit of sticking to just one currency pair. ...

I think the number pips one is able to get per day depends on the volatility of the particular currency pair you are trading per day. If for example you are trading highly volatile or liquid pair,...

You are very correct with that. I notice that market movement differs at some times than others. The level of volatility and liquidity differs a lot and I think every trader must keep this in mind....

I don't think it is wise to invest all your capital in forex alone. I am an advocate of diversity. When you diversify, chances of making money is better distributed and higher. If you are unfortunate...

The truth is that it can take a considerable lenght of time for one to be able to create a workable and reliable trade plan. But one thing I've discovered is that it is better to make that trade plan...

One must only trade forex using money he or she can afford to lose. If you cannot afford to lose the money, don't trade with it. This is because of the high risk involved. Your choice of broker is...

I will say yes, there is fraud in forex. Some certain brokers are only out to rob unsuspecting traders of their hard earned money and these brokers must be avoided at all cost. They must never be...

The answer is not farfetched in the least. Of course, one should learn from a loss. This is the only way via which one can get better with forex trading. If you Dont learn from the past, how can you...

I always believe things will get better. This is why I stay on. When I make loses, I take time to learn from my mistakes and I then get better for another trade. Each loss helps me to acquire more...

All I do is to consider the liquidity or volatility of the particular currency pair I am trading at any particular time. If the volatility is high, I will use small stop loss. But I think one should...

I feel your choice of leverage is determined by the amount you have in your trading account. Those having huge capital can afford to go for high leverage. On the other hand, someone with small...

Unemployment rate is one of the news that can effect the market greatly. I however do not know when it is released or how often it is released. Another one is the nonfarm employment rate. Statements...

I know fully well that one can make it big in forex if one handles it as a business instead of handling it like some kind of betting or game of chance. It becomes a dangerous idea if one doesn't have...

Yes, forex is a great business and the best way to actually make it in forex trading is to handle it like you would handle a real business. There is no short cut in a real business and you should...

I don't know if people here know about a broker called ******.com. I have tried trading with them before I lost all the money in my account. I discovered they are among the best for those who may be...

My favorite pair is the EUR/USD. Someone actually told me this is the best pair a newbie should trade and I have decided to stick to it. I may think of other pairs as I get better and obtain more...

It is not safe to see forex from this kind of perspective. If the truth must be told, this is a very wrong perspective and one must avoid it with passion. One must make sure he or she has a balanced...

This is the basic truth in forex trading and every other kind of business for that matter. One needs to be satisfied with accumulated small profit than to seek big one time profit, which may not come...

I do not agree with the idea of forex being a short cut to get rich quick. Anyone who is a seasoned trader will know that forex is never a short cut to riches. Forex may help you make money after...

Even traders that have very good strategy do make lots of losses in forex trading, especially if they are greedy and find it rather difficult to control themselves. Many of them will hold a position...