4. Do not toil to acquire wealth;

be discerning enough to desist.

5 When your eyes light on it, it is gone,

for suddenly it sprouts wings,

flying like an eagle toward heaven.

a suggestion to my fellow traders who want to make money in a hurry

Items no, 7,8,9 are very very true.

Subramanian

Choosing one depends on how much you plan to deposit/trade, what trading platform do you prefer, what leverage etc

Their reputation is also an important fact and there are a few places where you should check what people say about broker X, Y and Z.

Pip spread is not such a distinctive feature anymore as most of them offer the same spreads lately. A few years ago spreads made quite a difference (most brokers offering 3-4 pips on majors while a few others were offering 0.5-2 pips).

Usually trading with the largest ones is safer and safer could be better.

that was really nice,but i really need your help here on choosing a broker,please could you recommend a broker for me cos i am really confuse here,i would be most grateful

Things are different regarding fund managers as they (or most of them) are professional traders. Different rules apply on such case. Fund managers trade with less emotions and they feel comfortable trading other people's money since that's their job.

It is like someone tells you "hey stay away from fire, it is dangerous!" but the same advice won't be valid in case of a fireman, as that's his job: to fight fire and rescue people. Of course it doesn't mean he has to jump into the fire, as a fund manager shouldn't take above average or extreme risk while trading for his clients. :-)

Trading other people's money is fine as long as it represents money you afford to lose. If the person lending/investing money understands what's the risk in currency trading, then you will probably trade comfortably. The problem is that most people are not aware what's the risk in currency trading, especially resulting by mixing high volatility and high leverage (200:1 or 400:1 leverage is not really a big advantage as some would claim).

A fund manager affords to lose money since investors understand what's the risk and agreed to let someone else trade their money.

But "money you can't afford to lose" could as well be your own money, not someone's else, that you need for different purposes like: mortgage, food, bills and other things that have to be paid on regular basis or life turns bad.

thanks for the trading tips,i would say it was most enlightening,but i would like to ask,if like you said that do not trade with fund you can't afford to loss,then how would someone become a fund manager