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Posts posted by gaban
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yeah i agree with you if you are interested in forex , first open the demo account in some good forex broker, and then get some topic to learn in forex site like babypips, there are a lot of things that poeple can learn there, even without mentor and then keep practicing for some days or even months with demo account until you feel comfortable with demo account and then move to real account
To be able to trade in the forex we should study first. And demo trading is the right place for it. Here, we will gain trading experience that we can use for real trading. And if we have ready for trading using real account, I suggest to take advantage of bonus offers from brokers.
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Psychology of a trader in the Forex is to determine the results to be obtained, especially emotions. That is why we should be able to control your emotions when trading. Do not be easily lured by market movements.
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With demo account, we can learn trading with out any investment. And we can use demo account to take part in demo contest to get more trading experience, beside that we get chance to win the prize which we can use to trade in real.
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I prefer currency pairs which have low spreads like eurusd, eurjpy, gbpusd. eurjpy is my favorite pair to trade because of its volatility and ability to give unexpected returns if we are knowledgeable and skilled in Forex.
Yeah, i also prefer to use eurusd when trading with instaforex. My reason is same with you, I choose this currency pair because of its volatility.
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I prefer to choose forex as my part time job, because i can start trade without having deposit first by using bonus from broker. I started trading with $35 from instaforex, i get it from their forum.
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I hone my trading skill in demo trading and demo contest from my broker, instaforex. In demo contest, we will get more advantage, beside we can hone our trading skill here, we can get chance to win the prize that we can use to increase our trading balance. And i use real account with bonus post to trading with my broker.
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Yes they are providing with $5 bonus to the new members that is really good and still it is available to the new clients of the site . Not only that FBS is providing a very good bonus to the new clients and we know that this broker is a very old broker and a trusted broker i think it will be good if we make use of this $5 to trade .
I think any good broker will surely give comfort to trading for their trader, either in the form of bonuses, facilities, and others. Instaforex also gives a bonus to me.
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Scalping is one of trading strategy which are closing positions in less than 2 minutes. And to do scalping, we have to choose broker which allows us to do this strategy, like instaforex and other broker.
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I use profit that i've get from trading to fulfill my daily needs. I don't compound it because i have get bonus post to increase my balance for trading with instaforex.
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Demo account is suitable for beginners who still learn about forex trading because we will get real risk when we trade with this account.
But we can not train psychology in demo trading. I use real account with bonus post from my broker to train my psychology.
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there are many good brokers and you can choose any of them. i recommend you the best and the most reliable broker that is the instaforex. it is very good to work with them.
You're right, Many good broker in forex trading, but but a good broker is not necessarily comfortable to use for trading. I also use instaforex, they provide convenient service for me.
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It depend ourselves. But I trade every day after working because forex is my part time job. I like scalping strategy when trading with my instaforex account.
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Forex market is open 24 hours in five days, Monday until Friday and forex market is closed on weekends. Traders usually spend their weekends to make evaluation for their trading and they also refreshing. Refreshing is very needed in forex, because if the mind is not fresh, we can not trade well.
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for newbie i agree they can use bonus from forex forum or forex broker so they can start to trade and then will trying to learn more about forex in real account. and also it will open more chance for them to earn money, but spend some deposit for few newbie that afford to do that is not a big deal
Making deposit for trading for a newbie is not an issue, just that they should be prepared to lose money in forex for the first time, and make sure we have to choose the right broker for trading if we want to trade with their own money.
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Sure, I have a trading plan. Without a plan, the activities can not walk properly and directed. In fact, sometimes trading with the plan, we are still going to face obstacles.
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It's very useful thread for beginner who are still looking for broker to trade. And i think we can know the performance of the broker by trying to demo trading or if we wanna feel real trading with that broker, we should use bonus, don't make deposit first.
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I can suggest three brokers on my experience in Forex trading which have low spreads and instant withdrawals. Instaforex is my favorite broker because it has great bonus programs. exness has very low spreads and withdrawals are instant. RoboForex also has similar benefits of exness.
I just trade with instaforex and i love their great bonus programs, one of them is bonuses for posting which i can get from their forum. And they offers spread that is not too high.
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Scalping is one of trading strategy which are closing positions in less than 2 minutes. And to do scalping, we have to choose broker which allows us to do this strategy, like instaforex and other broker.
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Because if we are trading in demo, there's no real risk and the psychology of a trader are trading using a demo account is also not affected.. This account just for learning, testing our trading strategy not for get real money.
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Yeah, welcome bonus is very useful for trader who can use as well as possible and i think bonus post is useful too. I started trading with bonus post from instaforex, the term and conditions to withdraw profit is not too complicated.
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Because they don't how difficult to make profit consistent. They just know someone can make money consistently and easily in forex. Behind it all, a trader must go through a long process and not as smooth as asphalt roads. So no wonder if many people have opinion that forex trading as gambling.
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I prefer to choose forex forums as my mentor. Because there are many traders who share their trading experience and i can learn from their experience to make my trading skill be better.
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Until now, i still use demo account. I use demo account to get more trading experience and to test my trading strategy. I also can take part in demo contest in my broker to make more practicing. As we know, we have to keep learning in forex, that's why i still use this account.
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I only want to share, in the FBS have http://www.fbs.com/insurance program that provides opportunities for traders to restore the lost funds.
That's unique offer. My broker don't give promo like that.
It can happen if we get profit and compound it as our balance to trade, so we can lose more than the fund we deposit.
Importance of Demo Account/virtual account in Forex
in Forex Newbies
Posted
I'm sorry to hear that. I think you should take a break. Doing refreshing to stabilize your psychology. I usually do it after experiencing margin call. And also evaluate trading so my mistakes that i made will not repeat again.