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Now I am just starting out, but so far I have been making a lot of positive trades. I'd say 70% of my trades have turned out positive so far. I have more than doubled my (trading) money within two weeks. (Which is a dangerous way to go, however, you want to profit, you must take risks, at the...

I used to think that it was a little more on the 40% area of those who profit. Recently, I've been reading that around 90-95% of (known) traders do not profit from Forex. Still, even some (good) gamblers talk about playing the odds. Plus, like you said, a working knowledge of markets and a...

That's pretty much my way of doing it. However, I hardly got a weeks worth of practice from a demo account before I opened up a real account. I just made sure that whatever I trade is very small in proportion to all I have so that I am less likely to get emotional. I took the "risky"...

If it wasn't for the many posts on various forums that I have read that have talked about how difficult it can be to actually profit from Forex trading, I probably would have been wiped out and never would have profit from Forex. Yes, Psychology does make up the majority of trading success...

I'm looking to start trading binary options myself. So far I am seeing success with my Forex trading activities, but that could easily change if I don't stay on top of my game.

The thing is that some people approach Forex like gambling. However, I think the people that profit consistently from Forex are not gamblers, but are traders who have studied and gained an understanding of their market.

I believe that every new trader should start out with a demo account.