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flybiz08

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Everything posted by flybiz08

  1. flybiz08
    No doubt it is the major currency pairs. This is because of hte very high liquidity in these pairs and the fact that most big players are involved in the trading of these pairs. I for one would pick the EUR/USD as the most popularly traded pair.
  2. flybiz08
    I do not advise anyone to invest in PAMM accounts. The one reason I say so ids that these PAMM account managers tend to make you agree that you'll take responsibility for any losses incurred. Why not make an attempt to trade the markets than to be responsible for someone's losses.
  3. flybiz08
    The best time to trade is when there is a right signal that has been confirmed by the tested and trusted system. It is best to also trade when the volatility in the markets are up and the market activities is on the rise. and that would be in the London sesion.
  4. flybiz08
    Stop loss is a type of pending order that he forex trader places in anticipation that if a trade or an open position goes the other way round to the negative side, then the trade should be closed automatically at the set order price which is the stop loss. It prevents a trader from losing more than required amount while trading.
  5. flybiz08
    First is to spot a potential trading set up. The next thing to do is to confirm with your system that it is tradable and then wait for a confirmation. Before this, you should take a look around if there's any important economic situation you think might affect the markets. Once a confirmation to buy or sell is give, the trade is taken.
  6. flybiz08
    Are there really forex academies and if there were, what exactly will they be teac hing in those academies that are not found everywhere online. Its really not a bad idea anyway but I think it is not necessary. All a new trader needs is a proper forex introductory course after which the trader can carry on from there.
  7. flybiz08
    It is possible if a trader has what it takes to make tha kind of money. First, a trader must know how to make the proper analysis and that entails a proper combination of the technical and fundamental aspects of analysis. Getting the best blend of technical indicators will also be needed to make this come true.
  8. flybiz08
    Spending time sufficiently on the demo accounts can help a trader develop the necessary skills to overcome the negative influence of psychology during trader. With a reliable trading system and a good technique for risk management, a trader is sure to be confident which on the overall is needed to make money int hs business.
  9. flybiz08
    Yes it is and if you have a system that can deliver the right blow to the markets to make it. Skills will also be needed but I do not know if that record can be kept for a long time because some trading days are just difficult to make wins.
  10. flybiz08
    Not much if you ask me. Just an amount to get on by with my normal life and also to take care of my little extra expenses. One thing I have come to realize in this market is that it will not be aesy to make that amount of money we desire but we have to keep trying.
  11. flybiz08
    That will be one difficult thing to do but it is very possible. To be consistent in forex trading, a trader needs to come up with a consistent and profitable trading strategy that has been tested and found reliable in forex trading. Of course, good timing before entering a trade will be needed.
  12. flybiz08
    Not all brokers do this and even with the market makers, there's is a magnitude to which they can take the other side of your trades. You can hardly find a broker taking the opposite side of a trade that has over 10 standard lots. In the same vain, such brokers will do everything to make successful traders close their accounts.
  13. flybiz08
    Scalping the forex market by a trader means to indulge in a trading practice or pattern where persistent and continous trading orders are executed and the duration of these trades is usually nit more than a few minutes at most, 1 hour. It can bring in good money to a trader if a trader knows how to scalp otherwise, it is better to avoid it for the sake of quick losses.
  14. flybiz08
    Do not be frustrated when you take too much losses. The one thing to do is to take a time off and review the trading system in order to get a better perormance. If on the other hand that success meets you first on your forex journey, do not make any attempt to be greedy for no one can make all the money thereis to make in forex trading in one single day.
  15. flybiz08
    This is true and if the scalper involved is very successful. Another thing to consider is the broker type and that is important. Most market makers if not all od not allow scalping as they may take a lot of losses if the scalper is very successful.
  16. flybiz08
    There are brokers that do not offer leverages above 200:1. For instance, deltastock. It is important that a trader knows how a chosen leverage can affect an account. In the case of newbies. a low leverage should do and nothing more than 50:1 as the CFTC recommends.
  17. flybiz08
    That's right and you must know that most traders who clamour for such bonuses do not know how to trade. Even for those who do to some extent, these brokers make all sorts of rules to make sure that the traders does not withdraw that money by asking the trader to trade and make profits before withdrawal can be made.
  18. flybiz08
    <ul> <li>The amount of money that a trader should invest will depend on the knowledge base of the trader. For a new trader, it is better to start with a micro account with around $50 and most posters would agree that they can get this within a span of 4 months with hard work.</li> </ul>
  19. flybiz08
    In actual fact, a trader who does not now the trend without placing a trade is like a someone who walks into a dark room. Anything can happen. To increase the winning potential of a trade, it is better in a traders interest to know the trend and trade in that direction.
  20. flybiz08
    To begin with, a new trader must understand what is being dealt with. Forex is not a playing ground for kids and it is either a trader undergoes a proper forex trading course or pay the price with huge and consistent losses. Find yourself a good forex mentor to help you start if you're new to forex trading.
  21. flybiz08
    Longer than I can remember. So many traders do not last when they are faced with the harsh nature of the forex market. It is only wisdom in applying money management and trading with a trustworthy broker than can keep a trader that long.
  22. flybiz08
    Robot trading in my opinion is for forex traders that are lazy and want to trade and make money without any mental stress. Most are often disappointed at the end of the day and some later turn to manual trading while others quit entirely. Its better to do the trading yourself.
  23. flybiz08
    In demo account trading, traders tend to trade the forex market with money that is not real but it has its own advantages to a trader particularly the new forex trader. One such use is the development of a profitable system which every trader needs to survive in this business of ours.
  24. flybiz08
    Please I believe I have account with most of the big brokers in the business and they offer it. I guess your broker has to speed up and catch with the other brokers in meeting customer satisfaction. Since the introduction of mobile trading, I find it convenient to update myself through my mobile phone than carrying a laptop around.
  25. flybiz08
    It is not true to say that swaps are more on the short trades. With every currency in a traded pairs,that whose interest rate is higher pays a trader some amount if thet rader were taking that side of the pair. It is an equal opportunity to be on the negative aspect of the swaps if you ask me.
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