No. There are tons of free stuff that you can learn basics. Then open a demo account, and get familiar with the platforms, strategies, indicators and trading times. Then go for a free welcome bonus from a broker, and trade that free money to feel the emotions. And then you can decide whether to...
Forex will make you rich, only if you can guess 100% accurately, how the next candle is going to form.
Otherwise, fores trading will make you some money.. may be to pay your bills....
But then again, It always depends on your investment.
I think you should have a look at the 'economic calendar' before you open a trade. My rule is, if there is a major event is around, stay away from trading!!
Brokers make their money by charging spreads. If you select a regulated, established broker, then you are almost safe from being ripped off by the broker. If you lose all the time, it means you didn't do your home-work.
HYIP are born-scams. You'll make some money only if you are 100% lucky, and...
It's not different from any other business. when you make profit, you are happy and when you lose, you'll get disappointed. But, you don't give up your business that easily.. do you?
I also don't believe of robots. In fact, if some one was able to create a robot that works, he won't be selling it all over the internet for a few hundred dollars, he will use it to make him profits by trading. So what I think is, robots are scams.
Well, for newbies, it's always good to try things out with a demo account. But, the big disadvantage is, you don't get the real emotions when you trade demo accounts. It becomes like playing mono-poly.
I suggest to trade with no-deposit-bonuses. It's not big money, but It's real money that you...
I agree with both ideas. Demo accounts don't give those feelings and emotions like real accounts. And also, leverage is not a killer if you manage your stop losses correctly.
From what I've learned so far, there is no 'magic system' to trade. If there were, then the person who got it can become the wealthiest person on earth. Whatever we decide from indicators are subject to change by fundamentals.
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