Recent content by ForexVerified

You can start here: https://www.forexpeacearmy.com/community/forums/complete-trading-education-forex-military-school.158/

I wonder how much money you can make with 5$ account?

Espcially if you trade with large lots it can be nerve-racking. Having stop loss and take profit in place comes handy for such situations.

I would say the hardest thing is to be consistently profitable.

Try leaving your computer when your trade is on (but never leave a trade without stop loss or take profit). You can't close a position if you don't see it. :)

Actually, one hour a day is enough if you trade on daily chart and use weekly chart as a long-term reference. There isn't much happening on those charts so one hour a day should be enough to evaluate your positions.

That's not always the case. There are brokers that fail to provide what they advertise all the time. You just have to keep your eyes open and learn to trade so there's no one to blame but you when you lose; you can improve your skills but you can't improve all the brokers. :)

If you are on the other side of the globe "night" may be more chaotic for trading :)

To everything said above I just want to add that martingale system in trading (doesn't matter what kind of trading) eventually fails unless you have limitless money in your account to add up lots indefinitely.

Then you will certainly see double patterns :D

I agree, you can clearly see price levels without the use of indicators, whether they be horizontal or diagonal (channels and trend lines). With the help of candlesticks you can get a probable direction - either it breaks the support/resistans or it bounces off.

That is beacuse all indicators are lagging - you see moving averages in the historical chart and say "wow, this was so obvious!" but in real time they constantly move.

Bad reputation comes from people who got "burned". If you want to be profitable it takes time, effor, and patience. If you don't have that, Forex trading is not for you.

This sounds highly suspicious. You sure it was a virus and not a poor EA?

I would add: after you are finished with demo trading start with real cent account, to feel the losses and gains.