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To Whom It May Concern:

My name is A. I set up a Meta 4 LiteForex Demo Account starting on June 15, 2009. My account number is 1000xxxxxx SIG Trader 4.

I want to know the name and contact info of the broker for my account as soon as possible. I need to know the payment method because the first week I made 25.25 trading. I am still doing the trading.

My address is bla bla bla.

Please contact me as soon as possible.

Sincerely,

A

I tried to inform this person that I am not her broker and that she should contact LiteForex instead and also that it’s not very justified to ask for a withdrawal from a demo account. I’ve got one e-mail back with almost the same content as the first one. Apparently the hapless Forex trader failed to understand the situation or just didn’t believe me. I’ve tried once more to explain everything to her and received another interesting reply, which still insisted on a withdrawal from the virtual funds:

Again, please explain to me the payout process method to me for doing this forex trading the demo account! I need to know the payout process as soon as possible! I am not doing this forex trading for nothing!

Fortunately after one more e-mail from my side I’ve got a reply from her that made me think that she finally understood that it’s rather useless to ask me for «payout process for doing forex trading on demo». Though I am still not sure whether she understood well that it’s in all cases impossible to withdraw anything from the Forex demo account…

So, the moral of the story: if you want to earn money in Forex (and then withdraw it) you have to deposit real money into a real trading account first, then you should trade and win and only after that you are free to withdraw everything you want. To other Forex newbies I want to recommend reading the basic information about the retail Forex market and how it functions before «doing this forex trading for nothing». And in case you were going to request a withdrawal from your broker’s demo account, I beg you: «Please, don’t!»
(…)
Read the rest of Curious Case of Some Newbie Forex Trader (23 words)

Posted on Forex blog.

Have you ever set your trading goals, set your stops and limits but eventually forget about that. You have your strategy but still didn’t do the strategy and enter the market although it is not suits your strategy. And finally LOST your money. How could that happened? It’s because you lack DISCIPLINE. Many beginner trader and some experienced trader too, often enter the market because they are tempted to go in due to the fear of missing out a big move although it breaks their trading rules.

If you want the easy way, you can buy your self a forex robot like Fapturbo . It is The Only Automated Forex Income Solution That Doubles Real Monetary Deposits In Under 30 Days. If you want to be discipline keep reading this article.

First you need to set your trading rules. Write on a paper your rules. Here’s my rules:

• Enter the market when there is higher high and higher low or lower high and lower low.
• Start closing my position if it breaks #1 rules.
• Only risk 1% of capital for a position.
• Use a stop order (15 pips) and limit order (20 pips).
• After three losing trades I will stop trading for the day. Usually if I continue trading I will lose more.

Second. Here are some tips for your discipline:

• Be easy on your self for your mistakes. The more you get upset with yourself for your mistakes the more it will influence your future trading.
• Keep practicing on a demo account. Set a goal, if you haven’t got 50% return you will not go for real trade.
• After every losing trade close your forex platform. This will you get you some time to cool your self.
• Put a Post-it note at your screen to be disipline so you remember to be disipline.
• If you find yourself praying for the market then this is not a good condition. So close your forex platform immediately.
• Have your spouse accompany for your trading. She/he can reminds you for your action.
• Use a demo account and have your spouse to trade for you. When you want to enter the market, you need to talk to him/her. This will slow your action and make you thinks clearly.
• Relax and visualize your self of your mistakes. Imagine your mistakes. Imagine your loss because of greed. In your mind see you takes defensive position for your next trade. Imagine every details of next trade. Do this often to change your mind.
• Focus on your trading. If you have something else to do like working, don’t trading.
• Print this tips and read it every day.

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The first two Fibonacci numbers are 0 and 1, and each remaining number is the sum of the previous two:

Fibonacci can help you to predict market turning points. A Fibonacci tutorial that I recommend is FibMaster. They will teach you introduction to Fibonacci Trading and advanced Fibonacci Trading with video so you can easily understand it.

They also have 100% money-back guarantee! Very nice indeed. If you don’t make winning trades with their techniques, or if your trading does not improve, or if these videos aren’t the easiest way to learn Fibonacci, you can request a refund. You have the right to ask for a full, no-questions-asked, on-the-spot 100% refund. You have a full 8 weeks to decide. Plus you can keep the videos. There is no risk, you have nothing to lose. Visit FibMaster now!!!.

The ratio of 2 numbers in sequence approaches 1.618 as the series progresses. In forex analysis, the percentages derived from the Fibonacci sequence are 61.8%, 38.2% (100%-61.8%) and 50%. You can consider (38.2%, 50%, and 61.8%) as resistance level. For example look currency pair that drops -38.2%. If they stabilizes around that level it can be considered as support level and it probably will go up. However, if it falls below that point, it is likely to fall all the way to the next support level, which is 50%.

If you want to learn more about trading with Fibonacci, you can visit FibMaster.