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We need to learn from our past experience and should not let our hard earned money exposed to any scammers like the way many of us notice silly promising invites of becoming rich right after purchasing services from these scammers.

Some brokers offer 1:1000 on micro accounts and 1:400 on regular ones however i have noticed a few offering 1:3000 which seems pretty unreal in my opinion. So whatever leverage you use i guess it is good to know what exactly will happen to you if your trade went bad, so trade wisely and stay safe.

I was sharing my opinion however the forex market seems to be really very unpredictable in my opinion.

Maybe it's really that hard but i guess we can minimize by sticking to a proper trade management plan with clear targets and once the required target is achieved we should not trade for more.

New traders being unaware of the market should use the leverage carefully otherwise high leverage can claim high damages too.

Yes it is better to keep the emotions outside the trading room if anyone wishes to be among happy traders otherwise greed, fear and anger etc can leads to wipe out the entire account.

I was wondering if the Monte Paschi issue can impact the value of EURo..! While the USD already seems consistent improvements in it value day by day.

Bitcoin recently touches the value of $900 per bitcoin within the last week and now still between $800, I am surprised why is it being so sky rocketed at the year end.

We should plan before starting trading and should stick to our trading plan, moreover having a trading journal is also important to review our trading style and learning from the past mistakes.

In my opinion we need to withdraw our profits regularly from our broker to keep a check on them, so if any broker defaults we can able to recover maximum of our ROI.

I guess no body knew when either any regulated broker turned into scam and stop paying their traders. We already have few examples in the past, i think it could be good step to withdraw profits regularly from our broker while leaving the only capital with them.

ET is indeed a good place to learn as i see a lot of good contributors actively participating with interesting posts.. :)

For good sake we can switch to others but i believe that we should not put all the eggs in one single basket, that's why we should always trade with more than one but reputed brokers IMO.

Investing.com is a good one i usually visit this site, another few good sites can be investopedia, economies and bloomberg too. However we can also consider forums as a good source of learning.

Yes you may be right at the moment but still we can find good learning stuff either from the broker side or through any other medium on internet. The main thing is learning, whatever the source..!

Ok, let me repeat my words for a better understanding! i wanted to write here that forex may seems easier however earning money through forex trading may require skills to earn your share through this market. I guess it makes sense now!

I better guess newbie traders should take some time to find out themselves which platform gonna work best for them as it is everyone's own choice, however since my thoughts for MT4 are quite positive.

That is really great! you can also search for the webinars offered by many brokers which are also good for enhancing knowledge required to be successful trader.

Skrill is a good option but it had started charging too much charges now and all payments in EUR, i had to pay conversion charges each time i transfer USD to my bank account through them. I will really think about switching to any other suitable and cheap alternative.

In my opinion, forex trading is easy however earning money through it isn't too easy as forex is very professional market which requires a lot of skills to master if anyone really wishes to earn money through it.