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hardworks

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Everything posted by hardworks

  1. I read many price action startegy, its all different from each other. I always read unique contents, is there any common price action strategy. If it is different from each trader, then how can we able to trade. I am confused. Let us discuss.
  2. There are many type of brokers in Forex market. Dealing desk, non dealing desk, stp and so on. I am trading with non dealing desk broker. Most brokers were earning via traders order spreads. This brokers only the safe, they won't affect our orders in any chance.
  3. I think 1k also seems risky for newbies. If the trader capable to not lose the fund may invest this much fund. Otherwise, just keep on trading in demo or in cent or micro accounts. This is to avoid recovering process. Let us discuss.
  4. Demo account is very much important for a newbie. It shows a way to how to trade and what to do and what not to do. If you analyze well, then you should achieve success via demo account itself. So, i strongly recommend to all traders, use demo account effectively.
  5. I recently tried Instaforex option trading. Its perfect, i can able to access and trade in my account cabinet itself. Best broker of Asia is Instaforex, so there is no worry about the security. We can able to start trading in option as like as Forex trading.
  6. Let me to explain in simple way. Forex signals doesn't works for long time, it may works for some months. If no of traders following the signal is increasing, then there should be some effects in the market via the signals. I saw many signal sites, making mistakes in a day and makes huge loses or lose of all profits.
  7. I heard about this, Rebates are paying by brokers for the traders. If the traders traded some lots, then broker will pay for the particular lot size. This is just an extra income for traders who apply for rebates and doesn't earn huge money. There are strategies and EA which will helps to earn some funds via rebates. let us discuss.
  8. I am confused that who is earning trillion dollars. Is the Forex market, then who is the owner of this market and which government is using this fund. If it is earning trillion dollars, then it means Forex traders are losing trillion dollars? Please explain it clearly.
  9. There is no shortcut for making profits in Forex market. But, there are some simple and effective strategies to make profits. We need to spend a lot of time for having practice in demo account with that strategy. If we do so, then we will earn good profits.
  10. I spend 1/2 an hour to 1 hour daily for making analysis. And may waiting for the right time to enter into the market. It may takes some time and also need to wait for the exit point. If i am very sure on my orders, then i will place take profit.
  11. Using high leverage is not a mistake. Using high risks is the blunder mistake. We can use any leverage and trade safely with money management plans. Overtrading is really an issue which makes a trader to make loses. I face this problem in beginning everyday. Now, i have some limitations on trading timings.
  12. Each pair in Forex market has its own nature. There must be different volatility on every time. Major pairs may move faster than other pairs. And cross pairs may move slower. The reason behind this should be a logical reasons related to correlation. Let us discuss.
  13. I face some negative loses in account balance while having orders through our some weeks. In the last week, the gap price attacks me very badly, and i got my balance in negative. This is not occurred in all brokers. All brokers have their own conditions.
  14. If i found the trend in the market, then i will place the order with 10pips. This may be increased on the nature of trend. If it is strong enough, then my target will be 30pips. But, mostly my target will 10pips only. Monthly, 10 times will open order in the market.
  15. There are some strategies to turn our losing trade to winning trade, › Martingale strategy › Surefire strategy Martingale is for ranging market movements and surefire is for sideways movements. It should works. If we use the strategy for wrong market conditions then you won't able to change lose into profits.
  16. According to my personal experience. the secrets that i learned are, › Discipline in following our own set of rules › Control of fear and emotions › Know when to trade and when not to trade › Get adapted in reading charts
  17. In beginning of my Trading journey. I used huge funds for my trading. Now, i am trading with a small fund for learning concerned. If we calculate on total that i spent for trading is around $3k. And now, i am in safe way that can able to make consistent profits.
  18. If you are asking for a particular order, then i am using according to my money management plan. If you are asking totally, then i may used 100 market lot size. I invested huge and huge funds and learned many things by my own loses.
  19. Because, there are so many newbies in Forex trading. They should understand the fact that gambling is for losers. There are more number of losers in newbies, they should concentrate on learning to improve themselves to achieve success.
  20. My winning probability is according to the number of successful orders versus lose orders. If i earn consistently, then i keep on trading with the same strategy. If i lose, then i wait for the next right opportunity to enter into the market.
  21. The minimum deposit is different for most brokers. We can able to invest from $1 to any amount. If i want to start trading in full fledged effort, then i will invest $1000 as initial fund and will trade safely by my own plans.
  22. No, not at all. Forex won't be same as gambling, its totally different form each other. In simple words: › Forex is for successful traders, experts, profit makers, professionals. › Gambling is for losers.
  23. Yes, i agree with the thread. If we want to get real experience, then we must face lose to taste what we did that make loses. After getting loses, we should analzye on it to avoid it in future and also to learn about the mistakes. Experts should face huge loses and also many stop outs.
  24. According to my Experience, › Just follow the trend, have some limitation on pips, don't always have orders in the market. › Keep huge patience until the order gets satisfied by profit. › Avoid emotion, fear and aggressive trading. › Always wait for the right time to enter in to the market.
  25. Yes, i do have a trading plan which contains money management rule, when to trade and when not to trade, which pair suitable to trade now, which day is not suitable for trading and recover plans. Let me to get update by further discussion.
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