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Why just forex trading knowledge is a weapon that is indispensable in all professions and areas of life. How far do you think one can go if not equipped properly with knowledge and skills

Yeah some people spend lesser time on demo account, like 3-4 months but I needed longer. Learning comes slowly to me. And I like it that way.How long did you spend on demo account?

I was with HotForex about 2 years back. No issues as such but I wanted to trade cryptocurrencies which they were not offering at that time. Heard they introduced crypto trading last year. Anyway so I started looking for other brokers and came across Coinexx, Finpro Trading which let me trade...

Importance of demo accounts cannot be emphasized enough. I myself traded on demo account for 6-8 months. While that may seem like a long time to some, but I needed that. You can formulate strategies and see for yourself if they are working or not and then improve them.You get exposure to real...

Indeed it is. I don't know why so many people paint it as child's play and start dreaming that they can become a millionaire overnight. Not everybody can achieve consistent profits in forex.

Yes emotions can be a tricky thing to tame but it is very important to gain control over them both for experienced and inexperienced traders alike. Excessive greed and fear (and a slew of other negative emotions) both are undesirable. We can end up losing all our hard earned money because of them.

Yes that is possible but only after you have gained enough experience and skills. Forex can be an unpredictable business more so for rookies. So my advice would be: Trade in forex but keep it as a side business only till you gain mastery over it. Till then find some other main job to earn money...

Wow great tips! Thanks! :)

Yes it can be pretty stressful especially when you have been continuously making losses. Even when you are earning profits it can add up to your stress as sometimes the market may react very differently, against your expectations. You can end up losing all your previous profits also. For those...

That's right! Unrealistic expectations can lead to huge disappointments for rookie forex traders. In fact I have heard of many people who think forex is a cakewalk and an instant gateway to big money. They have to understand that in here you can lose money just as easily and quickly as you make...