Do FOREX traders normally have more than one position at any one time?

Do FOREX traders normally have more than one position at any one time?

Yes I do. You can also look live trades for real on youtube, just search for live stream forex. Here how it look like: current holding on an 10k accounts: 2. Last week history of the same accounts: Or you can watch live 24/7 : Forex Live Stream – Live Forex Signals 24/7 – Forex Live Stream All the best!

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What is the best ECN Forex broker?

There are no best food but it is depend on your culture, location. Example if you are Asean, you probably prefer noodle, if you are western you may like bread.. Brokers are services for fee, they target users base on your need. So if tou need ecn, you must be pro, with more than 10.000$ or else you are using fake ecn. Take a look at this list Best Forex Broker – Forex Live Stream All brokers in that list were tested with real money for more than 6 months.

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When is it time to quit Forex? I’ve lost close to $500 in the last year.

You would need to consider when any of this happen : financial broke unamendable crack between you and all family members Your health condition could not allow you to continues You have to do bad things You still can get over it and become successful, actually it is a chance for you to think again, a hit bottom is a good chance for trader to really concentrate and fight. But it can be a sign that you should stop, if there is no hope. A hit bottom trader if he can successful is very strong, because he know what it […]

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Why are ECN accounts better for scalping on Forex?

Normally standard account charge spread of about 1.2 pips to 1.5 pips on EURUSD (the most scapable pair in forex) ; which mean you pay 15$ to enter and get out of the trade nomatter you win or lose trading 1 lot eurusd. ECN they will have your spread of 0.3 and charge you commision of 7$ for 1 lot trade eurusd. So the cost is 10$ a trade of 1 lot. Now you go to a trade for scapling which is aiming for 1–3 pips which is 10 to 30$ profit. So: if standard account: cost is 15$ and […]

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Can one make a living from trading on Forex?

Yes. Almost anything I have now come from forex. houses, land, money.. My wife and 2 kids happy. With my income I allow myself to continue my medical carrer as something like a habbit; have friends support and gave money to manage Knowledge: i always say forex teachs me more than anything else Business: i ran few signals business, forums and advices, all give me positive income Project goals: my target is can make anyone with 10.000$ initial invest, 500$ save in each month can become 1.000.000$ after 7 years. Huyen

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What steps should I follow to become a Forex trader?

Thank Loerin for A2A, You should : Know that forex trading is not an easy path to success, you need to find YOUR WAY to beat 95% of traders out there in markets, and those traders are same like you, smart, have money to go all in with you and brave enough to chose this path. If you decide to chose this way, you would need : Proper basic knowledge: learn it from Learn Forex Trading With BabyPips.com Learn basic candlestick from steve nelson book Learn life of a traders Equip yourself with health: eat proper food, stay away from alhcol, […]

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What are the major factors to consider when doing Forex trading?

What are the major factors to consider when doing Forex trading?

1 . You ability to stand with stress and still can make right decision. 2. You capital of investment: you’ll need ~100.000$ in total to go through this channel and convert from newbie to master. 3. You need time, a lot of time, either you are still student so you can learn, or you need to have a very easy job so that you can have time to study, alot, like 12 hours a day for 1 – 2 years. 4. Patience , patience and more patience my 2 cents, hope it help Huyen

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