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radex78

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Everything posted by radex78

  1. When the trader having good skills to be profitable, choose broker is important for long term business. Usually trader professional will also pay attention to the trading fee, low trading fee gives benefit for traders. FXOpen is one good broker with low spread from 0.0 pips and as true ECN broker.
  2. All broker usually provided demo account. Beginners they can use demo account first to get familiar with the spread of any pair, execution, trading tool etc. Although different psychology trading in demo and real, demo account still remain useful for beginners tries broker platform and get real experience to understand trading conditions, beginners can trying demo ECN FXOpen that offer low spread from 0.0 pips and become international broker.
  3. Patience and never give up in the process is required when anyone want to reach a success, keep learning from all mistake and tries to improve skills to get better than before, and eventually enjoy with the process, we can't enforced success come to us but we must take it.
  4. There are so many broker in forex world, I have tries several broker, however eventually my option dropped to FXOpen as good ECN broker , for long term I hope this company will survive and gives good services for their millions of clients around the world.
  5. Read more and practice, as beginner still lack of experience, they can reading forex education from various resources and practice using demo ECN FXOpen to get real experience without any risk at all. Using demo account traders can tries trading platform and learn any pairs characteristic to trade and choose one that based on minds easy to trade.
  6. FXOpen already working in financial market more than 16 years, they having good reputation among traders. The company regulated in ASIC, FCA and CySec. Based on my own experience, this is safe broker. I have been trading with them more than nine years.
  7. Scalping trader need fast execution speed to likuidated an order, FXOpen also as true ECN broker, transaction speed just in milisecond, for scalping is comfortable, sometimes I trade scalping on XAUUSD or gold, this in FXOpen has low spread
  8. Psychology hold more 80% in trading success key, there are some opinion like that, the 20% left is technical analysis, a good trading strategy without strong psychology will leading to fail because often violating trading rules.
  9. There is thousands broker in forex world, choosing the broker must reliable broker for long term business, however choosing good and trusted must accompanied with good skill trading, it is will vain trading under good broker, but can't make profit from trading because lack of trading experience.
  10. Sometimes I also using demo ECN FXOpen to learn trading for free trying different straregy, demo account remain useful although only use virtual money, we can backtest trading strategy without any risk.
  11. I am trading with FXOpen broker, although available more than 600 tradable asset from CFD crypto, forex, commodities, stock, and also indices, however, in daily trading often I choose major pair like GBPUSD, EURUSD, and I like trading gold, with good average movement and low spread this is profitable.
  12. Reading the news also good to broaden new insight about forex market, sometimes the currency movement there are correlation between economic condition and not only based on technical view, forex is complex although in practice can trade with simple way.
  13. If you are beginners, trade and practice uses demo account first, don't rush jumped to real trading account if in demo account still often get fail, trading in real account is more hard than only demo account, you can use demo ECN FXOpen to develop trading skill for free.
  14. I have trades using FXOpen broker more than nine years so far maybe more, and grateful FXOpen still become safe broker based my experience, trading condition is good, low spread especially in the major pair like EURUSD, AUDUSD, and more. Withdrawn process so far also smoothly processed, FXOpen is good broker, my friends also use this broker.
  15. Demo account remain useful for beginners, even for experienced traders demo account still gives benefit to backtesting, some traders likes to use automatic trading software to replace their hands making transaction in the forex market, however before uses in real trading account, if possible to test first using demo account.
  16. Demo account only uses virtual money provided by the broker, resgister demo account also possible through MT4 terminal platform by choose File then cllick open an account, we can check demo account to next step and fulfill form provided, trader can set amount capital based on the own preference.
  17. Trading with low spreads broker gives more benefit especially when we are using short term trading strategy scalping, or when trader using high frequency trading, lower spread more cheap transaction cost, In FXOpen terminal I use MT4 and TickTrader platform, the spread start from 0.0 pips, even in TickTrader terminal possible get negative spread.
  18. We can use demo account for backtest trading strategy, before trading in real account. For beginners demo account very useful, trading in real account is harder compared in demo account, however still good to make early preparation practice in demo account to develop good habit trading.
  19. Gold prices yesterday move in the highly volatility, catching profit on gold need to pay attention to the reasonable target, using average true range is one way to measure target profit, gold of XAUUSD in the chart can be traded with scalping trading strategy with low spread on FXOpen, traders possible to make profit from gold only less than a hour when the price in high fluctuation.
  20. Although in demo account only use virtual money, however it useful to make a backtest trading skill or if you prefer to uses automatic trading, in demo account you can try trading performance before using robot in the real trading account. No matter experienced trader sometimes they needs to back uses demo account when faced bad days getting loss. I alone sometimes still use demo ECN FXOpen to practice make comparison trading performance in different account.
  21. FXOpen also announced zero commissions on index CFD, so trader can more enjoy to trade index CFD. FXOpen itself support more than 600 markets included CFDs, FX, shares CFDs, commodities CFDs, and cryptocurrency CFDs. however cryptocurrency CFD not available in UK .
  22. Gold or XAUUSD also as good to trade, average movement daily is high, however this pair high volatile and really to understand how to trade because higher volatility consist higher risk too, in FXOpen the spread on gold is low, this is included my favorite trading pair.
  23. I also often trade scalping on my account FXOpen, the spreads also start from 0.0 pips, however trade scalping need to choose low spread pair like EURUSD, AUDUSD, USDJPY, USDCAD, these pair in daily average is good and often I get low spread. And possible using TickTrader terminal getting negative spreads on these pairs.
  24. Beginners traders suitable to use micro account and start trading with low budget below $100, they can safe trade using smallest micro lot. If micro account able to make the money grow to bigger, then they can trying standard account to get new challenge.
  25. Traders make profit from the forex market, understanding the market is like as understanding your girlfriend, the market is never wrong, you should accept when occur, open new order and then the price move opposite direction, it is not mistake, only the market indeed like that. Protect trading by risk management plan and keep discipline to using strategy.
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