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    Steps to take as a Newbie

    You won't blame traders who come to forex hoping to make something out of luck. Not everyone is an economist to predict the market more accurately, but everyone wants to make money. So a few of us just come here to try and see how fortunate we can be.. lol. I try my best to understand all the...
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    Commission Vs Spread

    I have just two account with Profiforex, that is a Micro and a Standard account. On both account I am able to use variable and fixed spreads at the same time. The charges on the variable spread is 0.3 pips, but there are not commission deducted from my account whenever I use the fixed spreads. I...
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    Confirmed XYZ Representative ?

    It means these users are here to represent their brokers. They speak on behalf of their broker, so you can ask them any question you want regarding the broker they represent.
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    Get the Best Trading Conditions with ProfiForex

    Hello, I want to know if the Bonus you offer can be withdrawn. Thanks
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    Demo account; Is it enough for learning?

    I used Demo for 2 months and recently I went live with $600. I noticed things aren't the same. I wish I had started using live account ever since, I would have started making progress with my live account by now. I am very careful with my capital because I don't have another money to trade forex.
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    What are the benefits of forex trading signals?

    I have heard there are a lot of trading signals. Can we trust them? I don't know if other platform have trading signals, but I have recently started a live account and using the Profiforex MT4 platform. When I checked on the signal section in the terminal window, I discovered some signal...
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    Do you blame your broker for any loses made?

    I do not think it is good to blame broker for making loss. If the pair goes against me then where is the fault of the broker!!!! I did not find different quote between different broker in a single trading time for a pair. When I was beginner I had same question in my mind. I compared liteforex...
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    What is the lot size you are using?

    As I invested $200 first time, I would not crossed the limit of 0.04 lot. I have traded little and I actually do not open more than one trade in a single time. So I think according to capital my investment is perfect and I will be able to loss within my limit. I will not loss all the capital in...
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    Do you believe in Forex Robots?

    No. I do not believe in those robot. They are just for business analysis and if they give always good decision then all would buy a robot and sit with one leg and will not work any more. Their money will increase automatically. So it is a matter of biggest fact we should make some analysis from...
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    How do you handle your losses?

    I just make a calculation that how much I will loss and then I will stop trading. If it raise in a high rate then I take a break from trading in forex. Sometime I take break of 2 week. Once a quote gone 520 pips down against my order. Then my first target was to recover that loss slowly and then...
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    IS FOREX ALWAYS PROFITABLE AT THE BEGINNING?

    No. Forex is dangerous for all beginner. Here is biggest possibility to make a huge loss in beginning. First all will make some profit but if greed comes and increase the order size then he will fall in lose. Many traders quit their trading from this kind of platform. I also made such kind...
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    Trading Advice

    I made a huge loss making too much greed. I invested $200 and I opened an order of 0.1 lot. But unfortunately it had gone against me. I lost all of my money in a single hour. So we need to alert to avoid loss. It is forex which can make someone rich in a single second and also reverse.
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    Do you have unrealistic profit expectations?

    Ya. I had same. But there is a speech that you will learn from your fault. So I learned form my fault and this time with analysis I run my trade and it is good for me I think. Trade with demo account there was no pressure in my head. But when I came to real then a lot of thinking was surrounding...
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    What else besides forex do you trade?

    I do my full time job. Beside I make forex trading. This time it became my hobby. I just play with it. With tense free I open trade and after matching all thing with my strategy I decide every step. I invested my hard earning money here and I became able to profit.
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    Do you follow your trading plan?

    Yes. I follow my trading plan. I have not a single trading plan. I just make some match with my strategy and if I found some match then I look the market 5 minute before ordering a pair. Then if my mind goes with me I do the same thing what my mind says. I just follow some indicators, signals...
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    Why should you use a stop loss order?

    It is not matter if you always keeps in front of meta trader. But if the change of currency will go down 100 pips in one second, you may make a big loss. Or if you could not stay always in front of meta trader then you should use stop loss. Otherwise you may loss all of your capital. It is...
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    How much do you trust your own trading strategy?

    I trade in different strategies with indicators and patterns. I don’t think that here is anything about trust. I think before order that it will be better for this trade in this time and then I apply it. I make loss or profit that’s not matter. But when I open a trade, I think I fully trust my...
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    Your favorite pair

    GBPUSD is my favorite pair. I made a huge loss in this pair. But I like it because now I am making a huge profit from this. This pair has no right direction. I changes in a high rate. It can go down or up 100 pips in a second which happened in November in last year. Maintaining a lot of strategy...
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    What it takes to become a successful forex trader?

    You need to follow some instruction to become a successful trader. Remember that the first key is not to make too much greed. Also you should not wish to earn a lot in a short time. Follow following steps: -Learn forex via tutorials. -Read articles -Create demo account and active in some forum...