ForexMartTrader

Demo contests are good ways of increasing a trader's competence in forex trading with the added opportunity to obtain forex trading capital as bonus. I particularly like the weekly demo contest provided by ForexMart, due to the transparency and integrity.

Most tricks that a trader needs to know in order to trade the forex market profitably, can always be learned from successful traders and through own personal experience, by a hard working trader.

A skilled forex trader can earn in just one day what some stock traders may not earn in one year. Most forex traders that were former stock traders cannot imagine going back to stock trading after having tasted forex.

Deposit bonus is quite welcomed by most traders provided that the terms and conditions attached to them are not detrimental to the interest of the trader.  But even the most generous deposit bonus will be eventually lost when the trader do not have adequate skills and experience to trade profitably.

Participating in demo contest is a good way for a trader to improve forex trading skills and acquire experience, and at the same time earn bonus trading capital as prize. ForexMart provides weekly demo contest where a hard working trader can win bonus trading capital.

On 29/07/2013 at 5:15 AM, Gaban said:

Nothing's impossible. But we have to think realistically, if we have good trading skills included in the see opportunities to get maximal profit, we can achieve it and for me, the most important is i can make profit consistently

Though it is possible to earn over $700 with a forex trading account of $100 within a week, it is not realistic for a trader to entertain such hope as this cannot be realized under every market condition. It is better to learn to make consistent profits over time, as this will surely lead you to success. 

It takes a lot more than just leverage and spread to achieve success in forex trading. The more important consideration is the reliability and integrity of the broker, as well as the forex trading skills and experience of the trader.  

Whatever you learn will not necessarily make you a successful forex trader until you  practice and understand its strengths and limitations, then apply it correctly consistently in the live forex market.

Forex trading is a serious business that rewards hard work, and this includes good forex market analysis. It may be possible to win trades at one time or the other without analysis. But this winning spree cannot be sustained in the long run without the application of sound analysis. 

There are probably as many techniques to enter the market as there are forex traders.  There is no holy grail technique, and a technique can be acceptable if it works under the given market condition. A trader has to learn and practice, in order to choose the technique that best works for the trader. 

Regardless of the size of income for funding your forex trading account, you can only make progress as a trader when you have good forex trading skills and experience. When a trader has acquired these, then funding capital becomes of little relevance because the trader can always start with little and compound it to a fantastic amount.

Forex trading can be quite rewarding when you are a skilled and experienced trader. Strive to, first of all acquire expertise in forex trading, and your future in the business will be bright .

It is very important for a trader to ensure that your fund is secure with your broker, and profits can be easily withdrawn without unnecessary bureaucratic protocol. This will make you to be more focused on your trading and able to trade profitably.

There is no doubt that a forex trader can become fabulously wealthy in a fraction of the time it will take other business to barely get started. But a trader need to be well equipped to take on the forex market before trading a live account. This involves spending some time and making efforts to learn and obtain the necessary experience.  

There are both upside and downside of high leverage. A skilled trader can make fortune within a short space of time through the use of high leverage. On the other hand, an unskilled trader  may lose a lot in a short time by using high leverage. It is not necessarily due to the fault of high leverage, but as a result of the inability of the trader to apply it prudently.  

Forex is probably the most lucrative venture that you can carry out from the comfort of your bedroom with minimal investment in both time and money. The major requirement is not necessarily investment capital, although it is equally important, but the forex trading skills that will enable you to trade profitably. A skilled trader can start with a little capital and compound it to a fantastic sum within a small space of time. 

The currency prices follow certain rules in the forex market. When a trader knows these rules and applies them prudently without emotion, the chances of profitable forex trading is greatly increased. It is important for a trader to control emotion that prevents calm reasonable trading in order to achieve success.