aimhi

I guess there is no restriction for other countries for using online brokers even traders can trade with online forex brokers where forex business is usually banned by the government.

I am trading with more than one broker at the moment for diversifying my investment purpose and the only reason for choosing them is that they are decent and reputed brokers of the market.

Yes that is a myth but let hope for the best and i think if any broker is accepting US brokers too then i guess that broker might be doing great and may worth giving it a try.

I guess they had expanded in South Africa and some other regions too and the way they are doing I think they will soon become more popular worldwide.

I guess trading is for everyone however earning from it requires hard work and patience too. It can be started with small amount in your free time anywhere from the world.

Practicing demo account is necessary, although it seems to be a tiring job yet it is more helpful in learning forex trading easily.

I think its due to US regulation as they might not want their traders to invest outside US and should invest within US and pay taxes on the earnings.. Perhaps that may be the only reason or whatever, however doesn't it seems to be good that a broker is facilitating US traders too whereas on the other hand many big giants are not accepting US traders. I guess its a plus point for this broker..!

Those who didn't apply stop losses are easily swipe out from the market within no time.

I guess trading a demo account is ok for a totally new traders however trading micro account can also be worthwhile and lets the new trader to trade safely.

I guess bitcoin and gold are two different trading commodities and every investment avenue is associated with high risks, so invest wisely.

Learning never ends in trading, forex traders have the opportunity to learn with every new day and those who learn from their experiences become successful.

I guess US traders have certain limitations to trade with offshore brokers due to US rules and regulations, so many brokers does not accept traders from US. However if this broker accepts traders from US then that is a good initiative for accommodating US traders too.

Learning never ends, traders should focus on building appropriate strategy for investing their money while keeping the associated risks in mind. I still trade demo account in my free time to test any strategy and it helps me a lot while trading with the tested strategy on live account.

I guess besides all this, you also have to be very good at managing your risks and rewards in order to become a successful trader.

I think the webinars are a good source of learning forex trading, is there any upcomming webinar this week by Janne? I like to hear him as he seems to be good at market knowledge.

Hi hantt, I would say that if you are looking for trading then it might be a good decision however trading is easy but you have to learn how to earn money through trading. You can continue doing your primary job and start trading as your part time business or just a hobby. Open demo account with any decent broker and start trading it, sooner you will get enough hands on understanding the market and when you will become good at earning money, go to live trading but start with small amounts and Good Luck!

I guess new traders should trade demo accounts provided by the brokers for few months before going to trade live. Trading demo accounts might seems to be tiring job however it helps getting familiar with the broker internal systems and processes. It also helps learn trading easily and absolutely no risk of loosing money.

I guess binary options trading can be another good option for trading options, as you only have to predicts the value of underlying assets. It does not involves hassling of making stop losses and take profit, simple call or put options with a specific time frame called expiry. It also allows ladder trading and early closure is also available in some contracts.

I guess the effective money management is taking risks of 1 - 5 % of your capital and invest wisely after making necessary due diligence.

I guess once you achieve your monthly goal then you should not exert and should make new plan for the upcoming week with more motivation.

If 90% is for analysis and 10% for money management, then what ratio can be allocated to emotions..?

Your loss might be the gain of other party who might have invested wisely, remember forex trading is a very professional market where mistakes can be turned into huge losses so invest safely by taking calculated risks.

I guess being a newbie you have to learn a lot as trading might be an easy job but making money with trading might requires a lot of practice and patience. All what i can suggest here is to start trading demo account and give some time learning how to trade with the virtual money. You can do it in your free time by continuing your primary jobs so that your source of income should not be disturbed. Once you think you are able to trade live and can earn some good bucks with it, start with minimum amounts and invest safely. Good luck!