Great observation. Some people jump in after they are done with the course, but you are right. It is good to try out some of the strategies you've learned using a demo account. This is one of the reasons every broker has one for traders.

And most importantly, you need to know which factors among those, affect a particular currency. It does differ from one country to another and of course from time to time depending on government policy.

It works but not all the time. Markets are dynamic and thus you cannot say 100% what worked yesterday will work tomorrow. However, overall backtesting can be crucial in coming up with a strategy.

Well generally I thought that FXCM was one of those that are too big to fail and that's why it is one of the most trusted brokers but recent developments indicate that I may have overstretched by belief. Including this article on WSJ url . I know ...

From my experience I do not see any benefit in complicating trading. The simpler you keep your game the better your chances of success. I am not sure about the coding stuff, Somehow I like to make my trading decisions from the onset, not because a ...

The best approach in my opinion for News trading is to allow the dust to settle on instruments that you do not carry a particular bias with respect to the way the news item and trader reaction is likely to affect the price or exchange rate. SO ...

Yes, you can get rich very quickly trading in Forex if all of your margin trades close in winning positions. However, for very good reasons, Every Forex trading broker has a disclaimer on risk associated with margin trading. Therefore, it is highly ...

Price action is actually one of the best techniques in Forex Trading. It basically deals with the way the market reacts to the forces of demand and supply factoring various drivers such as news, and institutional trading activity. There are several ...

Forex=Legal Scam, Well that is a weird observation, but I bet there is a lot of scam in the internet Forex happens to be one of the most common means of making money online, so yes there are scams out there, but putting the overall FX in that ...

The EUR/USD may have more room on the upside to run to than it has on the downside, but the overall trading bias indicates that the pair is more likely to hit evens, than it is likely to break the 1.1000 mark. Today's events confirmed that.

Sad for those who use EAs indeed. Personally I have never used them. Somehow I do not trust them, I wish I could (everyone wants to make a few backs without clicking a button, or enduring the pressure of making the decision to open/close a trade). ...

My trading activity can be intense in some days/weeks depending on what I perceive to be the number of potentially predictable profitable opportunities. In other cases, the market is just too volatile for me and as such I decide to stay on the ...

The winter period has certainly slowed growth in the U.S but I do not see the green buck losing out significantly to the Aussie any time soon. The jobs numbers could decide the direction of the USD next week, but still I expect the USD to remain ...

GBP/USD now looking bullish (short-term) 1.4930 the next target no doubt.

Damn, I closed my short position on Friday at $49, and today it just traded sub $48..Anyway, I still got something pretty from that trade $52-$49. Looking to go long (short-term) once it hits sub $46.

It might sound weird but some traders like myself have found more success without using stop loss. Some of the things I have witnessed is that stop loss does not actually work well when the markets are very volatile. I only use stop loss when I have ...

Agreed, personally, I wouldn't call myself a Forex Trader is all I did is to buy them systems or seek the services of MM. As such, education is crucial to anyone becoming a pro, or at least harnessing the necessary skills to succeed. But as you say, ...

Damn I hate Binary options! and you are right, there are several wannabe Forex Traders out there would still cannot differentiate the two (binaries & Forex). I have also seen some Binary brokers offering hybrid FX trading. So I guess, more confusion ...

I haven't looked at the FXStreet course, thank you for the tip, I will check it out over the weekend, maybe I could add it to my list of references for traders looking for free beginner courses. I bet finding the right ones is like a couple of ...

I think in the end they might just have to kick out some of the members that are drugging the Euro Zone economy. It might be harsh and challenging for the victims but if the EUR is to survive what awaits it, some bold decisions will have to be made. ...