sirwilly

I had to send my scanned id several times before my driver's license was finally accepted. Now, I guess it was worth it after all. I haven't really traded on the UWC terminal, but I already know they offer one of the best spreads in the market presently.

Yes, it is important to have an SL as well. In fact, having a TP presumes the SL is already set. The SL is even the more important parameter so we do not end up blowing our deposit.

I still think it is fair enough that the broker lets us withdraw the profits we make from the free deposit. I have been awarded a couple of accounts like that and I made a good sum from them at the end of the day.

That's always the catch. A small deposit will hardly ever fetch the trader a big sum as profit. Forex earnings are totally proprtionate, in other words, you can only gain a certain percentage of your deposit. Therefore, the greater the deposit, the more profits you are likely to gain.

There's another saying that when you lose, do not lose the lesson. It applies to the majority of traders as well. Of necessity, we should always try to understand the reasons behind the losses we have experienced in our trades.

Ebooks are undoubtedly the best resource for learning Forex these days, and with reseller rights, it is possible that we can get several excellent ebooks written by the best traders at little cost or even free of charge.

Correct. A high leverage offers the trader the chance to gain a lot of profits, but at the same time, do not forget that by leveraging, you concentrate all your deposits into a few lots so that a loss willl have greater and far-reaching consequences.

It seems you are ready to invest in the syndicate? It's really a finer name for a HYIP and I guess it's going to end someday as well when the organizers record a loss.

Yea, the mobile terminals are a sure convenience. You never have to be away from your trades. I have noticed it is available from a lot of brokers especially for Windows Mobile and Android OS.

@ hexedeuser:

Very paradoxical and funny! Risk-free trading is a sure pointer to a scamming deal. Even the best brokers have limited control over the risks we may experiece in trading.

I'm sure that will help. Armed with knowledge, you will be strong in Forex trading, but without knowledge the new trader will merely feed the market with his deposit for other traders to make profits.

Actually, it is more convenient to have a live mentor. You an more easily explain your confusions and get guided responses. It's unlike asking traders on the internet as we may not put our questions right or have the requisite materials to show.

Now, let me talk about pips.

Currency prices are quoted as values like 1.3457. A movement from that value to a value of 1.3459 equals 2 pips, and so on.

Each pip may worth any amount of money depending on the lot size.

The basic thing in trading is to identify trend. Trend is relatively easy to identify, but following trend may present a challenge. Trend is your friend, so never trade against trend.

In my opinion, it is better think of Forex earnings as an additional extra. Profits are not 100% sure, so it is imporant that the trader has somewhere to fall back on should he become distressed.

Wel, the date is well past now, and I would have tested the signal had I seen it earlier. However, the signal appears simple and straight-to-the-point. There aren't many indicators to look at.

There are several reasons why a trader may lose out on trading. The most important reason is probably a lack of knowledge. The ignorant trader is sure to repeat his mistakes time and again.

Scalping is a great strategy for beginner traders. It is ideal for traders who want to make money on the currency markets, but find it challenging to hold onto a single position for very long.

Helpful thread. Even when we get free signal, it is important to cross-check to be sure there aren't loopholes to be seen. Though we may even work according to the signal, it may turn out that the signal is wrong and the trader loses out on that position.

So much for providing free signals. Unfortunately, the TS hasn't even come online again to update us. Better to stick to the trading signals we already know. Besides, there's no way of knowing that his signals will work.

Too many indicators will simply begin to confuse even the trader. A couple of indicators serve the same function, so the trader should sieve out indicators that are similar and only choose those he thinks as being reliable, representative and easy to understand.

Regarding the issue of picking tops and bottoms, it is not nearly that easy. It is better for the trader to think f the support and resistance levels as zones rather than specific points.

Yea, a regulated broker will be less likely to involve in desk dealing, and also it is likely that e won't have any hidden charges. It is way better than using an unregulated broker.

Profit and loss are two sure things in trading. The only hing we can influence is the level of loss we may end up with. Always, we should aim at earning a little, or losing a little only so that it doesn't wipe the margin on our account.

Yes, in Fxfred i have verified my account with UWC and am going to make my first request today. I hope to receive the full payments and the money will be available for withdrawal to LR three days after it is paid into the UWC Lite account.