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my first forex broker was instaforex and still is and i think that insta forex is quiet safe and also dependable, i never heard complaints from anyone regarding deposit and withdrawal from a insta a/c so i choose it, and also insta is quickly becoming famous in india too.
yes you are right that forex forums with bonus are also a very popular place for members to gain bonuses so there is a lot of trafiic just to make dollars with irrelevant posts and also posts that have no meaning, but good thing that our forum has the system of no bonus post where a post out of criteria is not counted and get discarded. :P
this is a very common fact that everyone faces that we do not know the actual value at which we should set our tp, but you should not feel bad coz atleast you are gaining a few pips, yes you do loose a few but something is better than nothing! and also if you keep on thinking like that you loss a few pips then you will always be haunted by the same thoughts the next time you trade so better you be satisfied with what you get, well i dnt know about night times but atleast in day times it is really good to end the trade manually!
yes this is the main reason according to me why ppl loose their money, they have large and senceless expectation's from forex, ppl nortmally start from small lot sizes but with a gain of little money too they become over confident and in those thoughts of greed and luck they go for big trades and then loose, some losses are also coz ppl are unable to understand the trend ( predict ) and so they loss, some ppl also do noty use parameters and depend on themselves for everything so again they loss and the main reason is not using sl which can be a life saver.
some people do use robots and robots are also right, but for me i cannot afford to keep a big capital in my a/c or buy service for this so i preffer manual and also in manual m in complete controll of my trade so that i can open and close positions whenever i want and also according to my own amount of profit's.
stop loss can be a big saver in terms of saving ur money from going in loss, everytime you cannot be on ur own prediction to do the trade coz you can never know when the trend starts to dip in ur opposite direction, sl can be very usefull when you are not able to be in front of ur chart to analyse ur trade and also in terms of some problems like net not working or pc problem then sl can save you big time !
yes demo a/c is very essential for learning and improving our trading skill's, you can get knowledge from demo a/c and also for a money responsibility value to be learned you can even open up a cent a/c and trade to get to understand the real value of money so even if you jump to real a/c you can still practise with the help of the cent a/c.
fear can be of many types in forex for eg if you start the you fear for ur invest then when you trade you fear for losses and also when you are on the winning side then you fear to even loose a pip so fear is also a killer in forex and then comes the greed which will get you in trouble for sure coz forex gives a easy way to get money so greed is a very common feeling in forex and coz of this greed ppl suffer many losses.
eur/usd and gbp/usd are in volatile conditions most of the time true, so new comers should also choose pairs like usd/jpy and usd/chf so that they can also know how pairs in which relatively less movements take place, but still the pratise that one can get in eur/usd in not comparable to the other's.
actually i am a scalper so i do not preffer to tarde by day and swing type, and one of the reason for that is that i like to gain quick pips and go off, i cant handle the fact of keeping trade going on when m not there coz then even if sl is there and if i loose even 5 pips coz of unpredictable trnd then i feel very bad, and so i just try to scalp!