radex78

yes, in this forex trading, psychology is important. many have failed in forex trading in because trying to trade with the greedy, therefore we need to be able to continue to practice good psychology that will allow us to control the greed trading well

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

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

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

 

In my experience its only hard to start trading in forex because you have doubts against yourself really going to earn in forex. But once you started to trade and taste profit you will going to build confidence. Believe me I have two months of loses before I earn in forex trading. So in short you need to go through lots of stress and lot of hard work before you can be successful. 

 

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

One benefit in forex business is the market open twenty four five day a week, this more fexible time if compared with stocks market which only open on working hours , and forex market I am hear more liquid than stocks market because volume trasnaction daily in billion dollar more

First time I knows forex from my young brother which he already early joined forex than me, and after get information about opportunty in forex hence I am seeking information with reading article forex use internet, this very help much with using internet to finding good business namely forex although this is also as risky business

 

actually Forex is all about using our mind and making a good analysis if we want to get something in forms of good profit from the market, we have to do our work part if we want to earn and we have to understand the way it works.

 

Yes of course, we using our minds to analyze the market and also to making plan trading, with calm minds we will more enjoy to analyze the market and also to making plan trading, because forex required smart brain to managed money in uncertainty market condition and also good psychology trading

I like with fixed spread than floating spread, because will easily to manage the risk in my trades, will annoying if likely after open new entries then look big floating loss because we use floating spread, for scalping trader also I think they will prefer use fixed spread than floating spread

with bonus forex who available from broker forex, we must knowing to use the bonus and be increase for our trading conditions. so with understanding terms and conditions they have, we must following that terms for a good result.

THere are some kinds of bonus that promote every broker, bonus deposit will make more power margin being strongest and and help to increasing opportunity to making profit, bonus no deposit is good for trader to start and trying service these broker, you also can check on forexmart also offer bonus promotion

I have some friend on social media which they already treat forex as full time business, this is very reliable business for trader that already having good experience and skill to making money with forex, so still possible any trader being full time trader and making money with forex for long run, like as profesional trader they already can trading for living

Emotion often become big reason why many trader fail in their trades, sometime emotion often occured because any trader faced with worst condition like as suffering with succesive loses or get margin call account, if any trader beig emotion and then recklessly in decison making usually will only causig failure

So far I am only trade manually and never have intention to invest on pamm account or something else, maybe for trader which they having huge capital, they can trying to giving investment to manager funds and look their money growing day by day, but forex is risky although investor also need to obey rules spent money that afford to lose

Yes, it is ours and the primary one, without skills it is easy to see many traders would fall to their own demise. Demo account is not the only place but that is the only place without risk, with risk of course real account, i think no matter where you trade, as long as you willing to analyze and see the hole of your strategy now then you can improving yourself.

Skill trading will become better if always improve our experience and learning, although not easy to become expert trader which always profitable, trading in real account will really different psychology because already use real money, and better than use demo account if any trader want to develop their psychology trading

Demo account and real account have own benefit and surely as a trader we need to try to maximize it as well as possible. Trading experience that we have got also must be maximized as well as possible. We also can try to use small amount if we want to use real account.

In my opinion for early preparation demo account is very important for trader which to backtesting certain system trading and also strategy using indicator etc, this really helpful to backtesting, and real account is real batlte in forex market which usually as trader will already involved emotion because already use real money

Yes concentration is very important for all trader durng their trades, especially for scalping trader, they required more concentration to monitoring the market befause they will open and closed order at short time, forex market very dynamic movement and unpredictable but as trader need concentration to use their knowledge so they not trade recklessly

Psychology trading has high role during trading, usually as beginner strill weak to control their emotion properly, because lack in experience also knowledge, and how tio built up beter psychology trading, hence start in real account will better after they felt confidence i demo account

of course we have to withdraw the profit. don't compound them. so that you won't lose them all in case you would make some losses in trading. at least what you withdrew you can save for next investment in forex.

Compound profit might will making better, and make strongest margin, but also has consequence will lose again, because loss sometime will decreasing money, before any trader they decided to compound profit, hence will better if they withdraw profit until they get break even point from initial capital

Emotion is human nature, which sometime as trader will suffering with their emotion, but each trader also have different emotion level I think, with long time experience, hence emotion control will better than newbie, and how to improve good psychology trading hence practice and learn will making better

You guys can try other platforms as cTrader, NinjaTrader, TradingStation or my broker hotforex also has another platform for certain traders. 

I am ever hear about this, but so far never trying these platform, ninjatrader, ctrrader, tradingstation, and also I am ever hear platform ptmc or protrader multi connect, if seen screnshot ptmc has good views, but so far I am still stick use metatrader platform which already use friendly

Hello everybody!

 

I want to start to trade. What first i need to study? 

The features of MT4 i've already studied )

I think you can reading article forex, first learn system trading, or if want to learn with gradually learning might can visit babypips dot com which there available forex school from basic, and you can trying use demo account to backtesting skill after you learn certain system trading because demo acount only use virtual money and not your money, you can trading with free risk but all profit of course unwithdrawable

I don't have big capital in my account, in my opinion one advantage forex trading online right now, already we can start only with small capital, and use leverage also help retail trader to increasing profit in their trading, before invest huge capital better as trader they make sharp skill trading and start from small capital if always able increasing money hence will become bigger money eventually

So far I am still use MT4 platform and never trying use mt5 platform, in my experience already convenient use MT4 and user friendly already which we can use many kids indicator and also list object and if prefer use ea also already supported, this platform stil become my favourite platform so far

Very advisable for begijnner they practice use demo account, because this is become early preparation before start in real account, although only use virtual money, but useful to backtesting system trading and strategy and look performacne system on certain preriod of time, might better practice demo more than six month, but if trader already willing to spent money that afford to lose real account will develop better psychology trading

 

PAMM - account is convinient investment if you found safe. Although as forex signals that you can find through MQL5.

By the way, in this forum i have found serice that create investment portfolio from signals of traders http://www.digitalmoneytalk.com/topic/47570-4investnet-official/?p=568038. It seems safety and logical, but i am not sure. How do you think?

 

So far I am never trying to invest in PAMM account and still prefer trade standalone with manual trading analysis, forex investment is included in speculative investment, but here required good knowledge and also skill to manage money in uncertainty market condition, strong mental is better than weak mentality

FX Insight. Test your luck! Hit the mark! (USD/CAD on 30.01.2016).

FXOpen regularly holds a competition where the winner can get $30.

Currency pair: USD/CAD
Date for determination of the course: closed at 23:59 29.01.2016 (terminal time)
Acceptance of rates will be ended: January, 26
Date of announcement the winner’s name: February,1
Prize: $30 to STP.

Please, note that now the competition accounts are changed from Micro to STP. Now the rate must be predicted using five fraction digits – 0,12345 (3 fraction digits for JPY pairs).

How to participate?

You have to leave a message on this forum thread with your prediction for exchange quotation concerning the currency pair, mentioned in the competition

Determination of the winner

A participant, who mentioned the exact closing price for the currency pair or the closest variant, will become a winner. If a few persons mention close variants, the winner will be the one, who was the first one to do it. The close price for the currency pair will be taken from FXOpen trading terminal after the closing of trades on Friday by Bid price.

Rules of the competition “Guess the exchange rate”

1. You have to add your forum’s nickname to your bet (for example, nickname – your bet);
2. Spreads between participants’ bids should be no less than 50 points. For example, if there has been already made a bet for 1.50000, all other participants should choose variants not closer than  1.49950 or 1.50050;
3. You can’t repeat someone else’s rate;
4. Each participant are able to make only one bet;
5. You are not able to change or delete your prediction;
6. If your bet has been declined, you can leave ONE new bet which totally comply with the rules. Please, be attentive - just one bet from one user can be in the list of accepted rates
All the bets, which do not comply with previous paragraphs, will be deleted.

The terms of withdrawal of the prize

1. If you want to withdraw your prize, you have to make at least 5 deals of any lot;
2. Each trade should be with profit or loss (+-) 40 points;
3. Each deal should be opened for at least 10 minutes.

Help

If you want to increase your chances to become a winner, you should:
1. Download an FXOpen trading terminal;
2. Open an  STP account for free


Please, check your rate according to the rules of the contest before the publishing. Pay your special attention to the rule “spreads between participants’ beds should be no less than 50 points”.

Usually, we update the list of accepted rates every day. But sometimes there can be a few new rates, but the list has not been updated yet. So, please, read all messages carefully, starting with the last message from the Moderator.
 

[quote]POST YOUR BET AT FORUM THREAD