sirwilly

Sometimes, holding onto a losing position on account of hope may just turn out to be foolishness...better to have concrete reasons why the trend should change or reverse.

Forex takes time. In fact, it takes a lot of time, but the knowledge is worth it because we can cross-apply knowledge of trading to various other economic events and even in everyday life.

I have tried mobile trading on my windows mobile 7 device, and while i admit to its convenience, I must say that it felt restricting. On a computer screen, you can only be restricted by your mind's eye...

Many brokers now offer mobile trading terminals. Windows Mobile OS appears to have the most popularity in brokers, followed by Android, then perhaps Blackberry. WM is also the best in terms of user interface

A forex mentor is certainly helpful where the cost of affording one is dispensable. Otherwise, better to use any of the free online portals and resources on Forex trading which provide ample information already.

Forex scams are more discrete and more organized. The majority of traders will have no idea that they have been scammed even. It may be in something so miniscule as adding a slight pip to the spread.

I guess it comes right down to your trading balance. The trader will decide on what lot size to choose depending on what amount he has at his disposal and his willingness to accept risks.

Well, learning in Forex comes a little a day. You should not try to learn everything in one day. That way, you learn conveniently and will remember better in the long term.

Well, with many brokers requiring account verifications, i think you should think twice before selling an account. The buyer may just want to foment trouble for you with the broker, so it is safer t sell to a trusted someone or close ally.

Well, the profits in Forex is totally proprtionate, so if the trader has a balance of about 10, 000$ he may be able to achieve 10% of that everyday, but it will certainly take expertise and discipline.

Leverage and lot are tied together. There's great danger in using either a high leverage or a high lot size. Optimal levels are better preferred for beginners and even for experts...that comes under proper risk management techniques.

Interesting, Indie...that's really good. I remember when you were still very fretty about trading and didn't even want to post on forums...well as you can see Forex is no nearly as hard as it is made out to appear.

I wouldn't put much faith in these forex news companies because they are the same journalism companies that propagate sentimenal analysis so that traders over-buy or over-sell pairs based on their impact news.

More importantly, the beginnr should keep a trading journal where he should note the mistakes he made in the trading day and try to aavoid these in future trades. I's a small but very significant effort.

Username : Sirwilly

Amount To Request (DMT points) : 360

LR account id: U3331939

Thanks.

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Depending on my active startegy at the time, I could spend a few hours to the whole day while trading. Usually, i spend the last time when I am scalping, barely averaging two hours per day.

Yea, 5% is the ideal upper limit that we should enter any trade with. Any percentage higher and we will as well greatly increase our trading risks. Risk management should be very important to the trader.

The difference lies a lot in the psychology of the trader. In virtual trading, the trader seems to have resolved already that whatever profits he gets is virtual, so there is less effort on their part.

The forum still has considerable activity on the PTP section, however i am unwilling to post on the boards, rather i will prefer the contests here.

The per post rate here is really acceptable especially for those looking for some added extra earnings. However, there is still little activity on the forum as yet. The Admin will need to find ways of driving activity to the forum so to also retain already registered members.

Now, there is a contest to get a pre-funded trading account by promoting the broker on forums with 100 posts of 50 words per post. The details are on the site, and it is open to everyone who has an account with the broker, and anyone can sign up for a free account right away.

In my opinion, the returns high are rather high for a HYIP. I am not keen about holding investments in HYIPs that are here today and gone tomorrow anymore. So, much as the program looks profitable, there is still the issue of sustainabilty to consider. Otherwise, the pitfall of the latter will overwhelm teh trader.

Well, that is sure to happen. Even if you moved it to scam, people could still land there from search engines and without reading the latter posts, proceed to make a spend. I've seen that happen.

However, for tidiness' sake, it should be moved to scam section.

The site is accessible from my end. It may simply have been a temporary technical problem. The script is professional and the created domain will expire in 2012. That's an effort at lasting long.

I still am not able to access the site from my end, still giving me the same error message. However, I hope it's only a technical issue and can be fixed speedily.