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:D:D:D:D Cool dude!!!:thumbsup:

I have been following the market from quite sometime now, but for the market updates, I refer to the internet only.

When the market is closed, do you miss trading?

Demo accounts are personally my favourite, using a demo account new traders can learn how to trade in the market, the existing traders can try out new strategies and do other operations without risking any funds. So indeed, demo accounts are really helpful and they are a requirement of every trader.

Day trading is the style that I prefer, it suits me as I don't have large capital to invest, I like to take small profits.

Thank you for your appreciation. :)

If you are a newbie then you are in the learning phase of your trading journey, so what you can do is, try both on a demo account i.e. higher and lower leverage and analyse that how it is working try to do some analysis and then choose by yourself that what is best for you.

Hey there, I don't think you are saying it right, leverage is a highly delicate tool when it is connected with your real money, it may multiply the profits but it can suck all your invested capital. Many new traders can read and get mislead. #nooffence. :)

Yeah, that's true!! With high leverage, the position fluctuates more rapidly as the price action is multiplied with the leverage on board. So there are high chances of making profits or losses quickly. But most of the traders lose due to lack of market knowledge and a trading strategy. However...

Thank you for the compliment. :)

Thank you so much.

Don't look for a short way to success. Forex trading is not gambling, if you want to try your luck, go to a casino. You can be lucky in this market once or twice, but then again if you don't have experience or a stable strategy, then it is not possible to get rich with forex trading.

Hello here are your answers- 1- Yes you can open both long and short positions on any type of instrument. 2- There are 7 major pairs which are considered to be most liquid pairs of the forex market - The euro and US dollar: EUR/USD. The US dollar and Japanese yen: USD/JPY. The British pound...

Well, major pairs are something that attracts me the most, reason - High Volatility, better spreads, and fundamental and technical analysis can be done on them easily. :)

Yes that is true, nicely explained. :)

Obviously the profits!! They motivate a lot. However, do not get dragged with emotions if you made a profit otherwise, it might demotivate you once again :p haha

The most common reason for traders avoiding the exotic pairs is the less trading volume and low volatility, due to which there are more chances of slippage.

Well it is generally said that the Forex is a 24 hours open market but it is not true, the market takes a break usually of 5 minutes say 12:00 GMT close time and 12:05 open time, and that is where the swap is charged, to check the specific time of closing and the opening of the market for a...

Exactly true, what is spread the difference between the bid and ask price and the prices come from the LP's(for ECN brokers) and leverage can not levy any impact on the prices, both live on the different sides of a town hahaha.

I think this is a great story and we must learn a lesson from it. Thank you for sharing.