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I have heard that most of the traders are from Japan, UK and the United States which contributes more than 50% of the trading volume in forex industry.

Agreed and i guess most of the scalpers usually helping the brokers earning commissions on their trades.

Initially i was also getting the same either closing trades too early or getting tagged my SL and then watching the markets moving in the same direction i traded.

I also noticed a new hype these days is copy trading but still the risks mounts so take risk to that extent which you can afford to lose.

Back testing can be really helpful in learning how the markets are behaving but this does not ensure trends will stay the same as in the past.

I think advertising is the basic source of income for any site so we cannot blame any site for creating any bias.

If you dont have experience then don't get rushed in to trading coz you can lose money whatever you have at the moment. Instead go to the relevant forums, take time to study and get a reputed broker for demo only. Trade demo for sometime and once you learn how to trade then you can invest your...

A trader is a complete technician in his own self in my opinion, rather doing trades or not he is giving time to the markets analysing how the mechanic works.

For me trading by one own self or either uses a PAMM account while learning how to trade forex can be a good way to make passive income.

Experience only comes by spending time with the markets.

Just use a stop loss to exit the markets earlier before it becomes too late and do not risk too much money which you cannot afford to lose in my opinion.

Thanks for giving a node to my opinion and is much appreciated.

Risks are associated everywhere in trading industry either trading forex pairs, commodities, stocks or indices etc.

In my opinion we should cut our loses earlier using stop loss because we never knew when a small mistake can lead to higher damages.

Some lose money while some loses more while chasing their lost money it is better to let go off these loses and move forward in order to become a successful trader.

Yes agreed and one more opinion which is to start learning and acquiring the skills necessary in making money.

Major pairs usually have many benefits including high liquidity plus average spreads as compared to the exotic pairs and thats why they are traded and preferred the most in the market.

Can you list some of the scam platforms just for our knowledge.

It is difficult however we can still learn how to trade profitably by spending time.

Which broker would you recommend to choose for any beginners..?