Exchange Blog Cryptocurrency Blog
flybiz08
-
Posts
170 -
Joined
-
Last visited
Everything posted by flybiz08
-
Yep that's right because the transaction in forex trading is between two parties that believe a pair will go in opposite direction. If the trade goes in favour of one trader , then the other loses and vice versa. The broker therefore plays a role by bringing the two parties together.
-
Whats the Difference of Trading Mini Lots Vs. Full-sized Lots
flybiz08 replied to abdulla1's topic in Forex Newbies
The lot sizes used by traders can be used to classify them. Mini lots are important to traders who are just beginning to get a foot in forex trading while those experienced traders trade with the full sized lots or the standard lots. For new traders, there is no place for these lot sizes. New traders should stick to the micro lots. -
Your video is a good one for forex traders particularly forex newbies. Forex is a financial market where the currencies of different countries are traded. It is profitable because of the high leverage that ht emarket offers and it is traded 24 hours a day on business days.
-
Atough question but necessary to ask. I have been earning for a long time with forex trading. Not every trader has this priviledge in forex as most who do not consider forex trading scam business. What is mre than important is to stay long i the forex market to acquire experience after which, it is consistent profits.
-
I think there needs to be some forex searching before you post on issue that you are not clear with. Leverage can affect a traders volume and leverage in a simple form is borrowed funds. In other words, a high leverage means that we have borrowed a lot and can take trades with lot sizes that the money we initially deposited cannot take. Leverage therefore can amplif gains and can amplify losses. That is why it is called a two-edged sword.
-
The main reson is to prevent and protect against money laundering. In actual fact, it is for legal reasons. Forex is a business and when two people are involved in a business, there ought to be a form of identification should legal issue arise eventually.
-
A forex mentor is an arsenal that every new trader should have in order to succeed in forex trading. The forex mentor will help a new trader avoid some costly mistakes that new traders always make and the fact that new traders always tend to blow up their account in no time, will be avoided.
-
Aspects to consider before you trade in FOREX
flybiz08 replied to omar.elalfy's topic in Forex Newbies
The analytical aspect is one very vital aspect I consider before trading the forex market. I always make sure that all fundamental and technical analysis are properly in place and in favour of the trade I am about to trade. Otherwise, I do not take the trade. -
I agree with you because it is the organized nature of these forex scams that make traders fall for them. In the organized nature, they seem to be similar to the real one. Also, forex scams know the very needs of traders and they try to tell traders that those needs are possible to come by when in reality, they are not.
-
Good topic here. A forex trader should be able to make rules that are part of the integral trading plan. These rules should be such that they are not too difficult to follow and they have to be realistic. Issues to consider here include, when to trade, money management, leverage etc.
-
Forex is like every other financial or non-financial business that runs from Mondays to Fridays the only difference being that in forex, it is 24 hours within that period. Over the weekends, the markets are generally closed to traders but exchanges still take place.
-
New traders tend to be confused as to which and how many pairs to trade from the vast majority of pairs available for trading in the forex market. If you were to render some advise, do you think that new traders should trade on more than one currency pair?
-
No doubt new traders are faced with this very important question that stems from the fact that new traders are sometimes confused about which indicators are more appropriate to use in trading. In this regard, do you think it is better that a new trader puts a lot of indicators on the trading chart?
-
There are so many reasons why forex traders join forex forums and for a newbie, is there any advantage like improvement of the trading skills of the newbie. With all the stuff that can be obtained from these forums, can a forex trader's skills be improved?
-
Some trader believe that when they are trading with different brokers, there's some form of security of funds. They also believe that different trading conditions are also another advantage. Do you think that it is advisable to trade with ,more than one broker?
-
I have traded for many years and I can say that I have met with many traders who have different opinions about whether it is advisable to have more than one account with the same forex broker. What do you think?
-
When traders are met with losses especially the new traders, they tend to think that quitting the forex market is a better option. Some who have the zeal to continue will refuse to give up while some in this same situation believe that it is impossible to win. Do you think it is better for such a trader to quit trading?
-
Sometimes, new forex traders are posed with this question and they really want to know if forex trading is a better place to invest this amount of money. Knowing that there are a lot of investments where this amount can fit in, where can you advise such a newbie to invest such amount of money?
-
It is a known fact that making money in this cutthroat business called forex trading is very difficult yet some traders go home with consistent profits while a lot go home with nothing. Should you belong to that class that makes the profits, how will you spend such realized profits?