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Still, if a demo contests is about winning and coming out with the highest profit, then why would anyone not consider risk management, knowing he would lose the contest if things go wrong. Although, a demo contestant would be willing to take a huge risk, since nothing would be lost aside from...

Ask any experienced technical analyst or fx veteran trader how many of the hundreds of indicators they use on a regular basis and invariably you will hear the same response. Every one of them has a favorite short list of four or five that will depend on the type of trading activity in which...

Successful traders have learned how to adjust their attitudes and beliefs about trading in such a way that they can trade without the slightest bit of fear, but at the same time keep a framework in place that does not allow them to become reckless when making trading decisions.

It’s not about and never has been about the market when it comes to making money. It’s about YOU – your trading plan and your ability to execute it.

If there is such a thing as a secret to successful trading, this is it: At the very core of one’s ability 1) to trade without fear or overconfidence, 2) perceive what the market is offering from its perspective, 3) stay completely focused in the ‘now moment opportunity flow.

All good traders are also good record keepers. If they win a trade, they want to know exactly why and how. More importantly, they want to know the same when they lose, so they don’t repeat unnecessary mistakes.

Successful traders learn from every trade. They analyze and critique themselves continuously, but always trade in the present.

It is not ideal to trade just to make a trade, even fx veteran traders can identify with this temptation. It takes tremendous discipline to stay away from frivolous trades due to boredom.

Forex trade is not meant for those who are naive/dumb, they can't succeed if they believe without proper research that everything they read here are correct and inclusive. They'd have to learn from various sources, compare & contrast, the variable they are missing.

Money management without a method or system to trade is useless. Further, trading a method with a negative mathematical expectation is practically useless as well.

Traders profits themselves when others lose, that is the nature of this business. That is why we should always get enough information by learning from others.

Even though it is good to have a strategy and then stick to it, many traders can't follow these strategies for very long unless they reflect their own trading style. When they have reached a breaking point, they just quit or find new strategies they can follow. This seems to be the psychology of...

Some EAs? Please tell me; what EAs work better than human traders? I would like to know.

Protection and avoidance! Traders can help to protect themselves from slippage by avoiding market orders when not necessary. This makes a trade successful.

So if you are trading in a volatile market environment, you have to be prepared for slippage. Slippage happens when volatility, perhaps due to news events, makes an order at a specific price impossible to execute. In this situation, most traders will execute their trade at the next best price...

Successful traders are not independent but totally dependent in the sense that they do not rely fully upon what they know. But they are ever ready to tap into the experience of FX veterans who share their mistakes and their success stories.

Some kindhearted traders are generous enough to share with others the mistakes they made that resulted in their losses and the strategies they used to be successful. We are here to learn from such ones.

If you lost money trading last year, my gift to you is to partake in the ongoing contests Profiforex has organized. Just so you know, Profiforex is running a demo contest with a $4000 prize Fund which is enough for you to recover from your losses!

If you are an FX veteran and also a newbie, it would be considered generous to me I guess, to inform you of an ongoing contest. Profiforex is running a demo contest with a $4000 prize Fund. Why not take a dive into the exciting world of Forex trading contests with Profiforex!

Knowing your limits as a trader contributes to minimizing risks. Since the risks are inevitable, there should be limits to how frequently you should trade, how much money you should place at risk.