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radex78

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Everything posted by radex78

  1. There are tarde which they use risk reward ratio between 1:1 which if they put stop loss twenty pips hence they also have target twenty pips also, and there are trader which use risk reward ratio 1:2 which it's mean if trader put stop loss twenty pips hence they will set target forty pips and so on
  2. Scalping trader usually they use five minute or fifteem minute timefarme, because they will work plan as short term trading, with catch profit on small target pips, maybe as beginner also they can learn practice trade with scalping, but if often fail and making them being emotion, trade with intraday trading will make more comfortable and enjoy
  3. For beginner practice with emo account actually very important, they can learn how to use metatrader platform and using many feature in platform, there are many kinds indicator available, and trader beginner can testing one indicator and learn how to use in real market condition using virtual money
  4. Certain trader they said if better start directly in real acount use smal capital because will feel directly to real condition, but I am agree with you if bekter start with demo account, here as beginner they can learn one system tradng might using indicator and then backtesting in demo account for several month and look their confidence before start in real account
  5. If already as tarder they want to investing huge money, choosing good broker is important to avoid scam broker, and one issue which very important as trader is they must choose broker that have regulated, I think if you in doubt hence you can ask question to contact support about this matter or reading about company on website
  6. I think we can trade forex anytime, but also it's not mean we must trade everyday because the market sometime move on flat condition, which might givng less opportunity to making profit, as trader they need to understand with the market behaviour, so they can trying to enter in best timing to making profit
  7. Maybe different trader have diferent view about stop loss, some trader might put stop loss based on support and resistance area, and some another using pivot point calculator to determine support resistance, but might also there are trader using ATR indicator to calculated stop loss
  8. Scalping is short term plan trading, usually as scalping trader they catch profit only around five ten or twenty pips each trades, and usually they prefer use five minute timefarme to making entry and exit, forex scalping making many times transaction daily, I ever hear active scalping trader they made trades more than hundred times order a day
  9. I think if newbie they can try kinds indicator that available on the platform, there are indicator for scalpng like as parabolic sar, heiken ashi etc, but actually trading scalping with using candlestick also can tried, as long as trader have good understanding rules trading, still possible to making profit from scalping, in addition if already expert scalping can making huge profit accumulation
  10. Yes indeed fprex business is good business and we can treat as full time job, but here also required good skill and also strict risk management, which however forex is included in risky business, if any trader they want to treat as full time job they must have good mental and also high dedication
  11. I think if you more confidence trading without stop loss , hence you can try out these strategy, but of course also you must ready with consequence if possible occur the trend against order larger and larger again untl margin can't withstand price movemnt and get margin call account, but yes often I am hear in discussion about stop loss hunter, if broker put this software so will giving disadvantage for trader
  12. As trader should realized if actually forex market easy to changed, and with concentration so they can determine when timing to enter and when timing to exit, profit and loss is common thing, and here as trader need risk management to managed their account, after trader already have concentration, they also need strong psyhology trading
  13. Yes indeed some trader might already treat forex as full time business, and each trader of course they have own decision to treat forex as main job or part time job, no anyone can enforced others to chosen one, but however forex is great business, some trader that already able treat forex as main job they can generate higher earning than trader that only treat as part time job, capital and skill will determine
  14. Yes this is better than loss, making profit consistently with forex will giving satisfaction because we can withdraw money and have more spirit again, although on monthly earning not in big number, but if any trader can gain regularly hence this is already good achievement. If following minds maybe actually all trader they want making money as much as possible from forex, but because we have limited skill and also the market itself move dynamic, loss in forex also need as consideration
  15. Trade with signal or copy trades, maybe if found expert trader this will giving profit for long run, but I think however they also as human trader which sometime making mistake in analysis, risk management still impirtant to managed account. But I thin if we can learn well with our own anaysis and we have good strategy to making proft, hence our confidence will apepar again, backtesting with demo account is good if not yet ready start again in real account
  16. I just want to say, keep pratice and learning, sucess will achievedi f any trader already having good understanding with their skill to analyze the market, and also how good their psychology trading, and as trader that will success I think them that aleady have strong mentality
  17. I am still using stop loss in my trades, beacuse actualy as trader they will never know where the price will move on direction, might can up and down after submit order in the market, with stop loss although leaving account more tha a day still felt comfortable because still in risk management plan, if get loss hence still many new opportunity next day
  18. This is good earning for additional income, for me making money thousand dollar is very dificult task because also in my account only have small capital, maybe if any trader already able managed huge capital in account they also need consider with broker because in forex world also sometime we faced with scam broker or broker get bankrupty because competition busniess sometime company being colaps
  19. Yes of course concentration is required in tradng because to analyze the market required in calm minds to analyze the trend market and also look on indicator whether already get signal confirmed or not yet , and also as trader also need concentration especialy if they open trade for short term plan trading, this very important
  20. I think as human nature which we have emotion in trades, but actually we stil can control our emotion if we have good psychology trading, and how to develop better psyhology required experience and also high motivation, making our plan and then submit plan and look the end result whether profit and loss, and learn from opur mistake if get loss
  21. Forex trading is unioque business in my opinion, because sometime use small capital but result that obtained able generate good profit, but after using bigger capital what happen is getting loss and might margin call account, so as trader also need pay attention with the risk that involved in trading
  22. Psychology trading has high role in trading, this is become one reason if any trader they having poor in psychology trading hence only will messed up their plan trading, there are three important point in forex in my opinion, profitable system tradng, good money management and good psychology trading
  23. In my experience long term plan trading makng more comfortable in my trades,maybe I am already suitable with this strategy, often if work as short term plan trading one loss making emotion, but forex is great business and we can using strategy that preferable even short term or long term or medium term, as long as able making profit is not matter
  24. For intraday trader, usualy they will open and closed order at same day, and also scalping trader they will open and closed order at short time, but whether although any trader making transaction daily then they wil get profit, I think no, sometime loss ineviable in trading and as trader shold giving attention with the risk that involved
  25. Here in forex traidng psychological factor is very high role during trades, many trader decison often based on their psychology because they empted by movement in the market, but as good trader I think they will work and able more discipline to implemented system trading based on rules and always keep patience to waiting best timing to enter
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