One question, Are brokers obliged to provide your statements to the IRS or any tax firm? If so why ?

And here I was thinking of how to control emotions, you covered this for me ''emotions cannot be controlled volutarily, so any long, energy and time consuming work on the subject "try to control emotions" is just a waste of resources.''

Straight and just solution , taken

Unfortunately this is the hard truth, reality would not change many traders hope for an EA profiting all the time. There are strategies that work but hard work are put into them , they(strategies) dont just make them selves working all the time .

Hello could anybody explain pairs correlation I tried searching for it but couldn't understand perfectly well. Thanks

I absolutely agree with you there is no body who can certainly say this particular pair will move to an exact point .However I say anyone that can predict the direction of a currency pair with absolute certainty over a given period of time has luck ...

Most successful traders wouldn't share their actual systems that pay off really good, so I guess he just gave you these answers to ignore the real answers to your questions

Nowadays, there are more and more people that pretend to be successful in the FX , yet most of them are not. Most people are looking to demonstrate significant returns over a short period of time, and whilst this sounds great, it is actually risky ...

They smooth data and provide a clearer visual picture of the current trend ,it signals can also give a precise answer as to what the trend is.

Personally No , but just read a thread similar to your thread , hope it helps answering your question : url

This was my initial mistakes that ripped my account, I wish every new trader would take this advise with caution ''Know how the market work why price moves etc and practice well before hitting the real account

Exactly my thought, at the moment this is the only instrument I trade ,I think with time I would add more of the pairs to my pairs

Have you tried babypips school url yet? If no try it , it would be helpful

“Speculation is dealing with the uncertain conditions of the unknown future' 'Markets aren’t chaotic, just as the seasons follow a series of predictable trends, so does price action. Finally 'The trend is your friend except at the end when it bends'.

[quote=hastings;53728]most of the forex providers only setup demo account for one month. Can you tell me how do you get the demo account for longer time? or you just keep applying for new account? thanks[/ My demo never goes out(expires) ,depending ...

This should simply explain what leverage is '' How does your account size affect how many lots you can use?'' I guess the bigger your account size the more lots you can buy

*To be hardworking towards my goal *Not everything go the way you want them to / You cannot always have what you want *Take risks in life And finally to be attentive and watchful all the time

Why would you quit ? As the popular saying goes Forex is very daring and comes altogether with high risk, but even though Forex involves making decisions that are risky if you learn to assess the risk , learn to manage your own risk level you will ...

To trade with an unregulated broker in the US , I guess Yes but for a US citzen to trade outside with an unregulated broker I believe it its not illegal

I stay totally away from the Yen pairs GPB JPY and USD JPY as a starter,just because it is fast moving,constantly fluctuating and have high spreads .I might blow my account in seconds if I happen to try