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radex78
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Everything posted by radex78
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Why do you think people are scared of investing in forex?
radex78 replied to Levie's topic in Forex Newbies
Maybe many investor fear with scam company and sometime for new investor that still blind about forex they easy to tempted with promise that seems so easy to get earning from forex, this is need more research for them rather than fool by promising, because actually forex trading is not easy how to making money with forex not always easy -
Maybe I am included on lucky trader that not yet facing with scam broker, only once time on certain broker that offer high bonus but I am never making deposit there and hear after some month these broker is included scam broker, but in trading most difficulties is how to making profit regularly from forex trading, this is most problem for trader, and I am already trying some broker forex and so far these company still exist but because no capital there so I am trade on broker that have capital on account included on forexmart
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Yes eventually depending with each trader they will prefer manual trading or using robot, some trader that using robot also will better also monitoring manually, so if likely occured something that out from expectation to safe account they can cut loss mamually, and if we trade with manual trading we also learn from our experience
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What should a newbie do for earning from Forex Trading?
radex78 replied to unikings34's topic in Forex General Discussion
Yes I think if any trader treat forex like as gambling hence sooner or later will quit from this business and get nothing, but as trader they need learn how to analyze the market and also need to using risk management and money management, choosing system trading that we can understand and we trade discipline using risk management -
I think if you are included as good trader might you can trying to take part in copy trades system, you can check on website broker then reading step by step to become signal provider, if you as good trader and your subscriber getting satisfied might your name will popular and many new subscriber will joined
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Bonus that offered broker indeed attract many trader, but for me if likely bonus no deposit in big number, might more than thousand dollar, there are hidden rules that very hard because as broker also they won't giving bonus with free but hidden certain goal, so need to check out regarding bonus rules
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Some trader already treat forex as main business as source of income, which as trader will manage money from forex trading and they also able sustain daily necessity from forex business, because actually there are some way to making money with forex business, might you become signal provider and sell signal trading, or if you become good trader might become manager pamm, or you become partner broker etc
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Forex business is high risk business but also potential business as source of income, many big trader which they can trading for living and able generated good income through forex business, although this is not easy business to earn, but still many trader that they hope able making good income from forex business
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hone your trading with a demo account and a real account
radex78 replied to rizal83's topic in Forex Newbies
You can thinking logic which usually in demo account start with big initial capital like as 5000$ and this is included strong margin to withstand price movement if trader using smallest lot size and in demo account also free from emotion pressure, although you look on account facing large loss floating you never fear losing money, but different in real account maybe we start with small capital and this logically have weak margin to withstand price movement while in real account facing floating loss already panic and might fear losing more, but if you can determine best entry and exit on real account, start with small capital will possible growth to big money -
Patience in every business is very important, not only on forex, and in forex in my opinion is required more patience because this is risky business, sometime we facing with difficulties to making profit and might when often hit stop loss also it will making our minds in down mental, so patience is very important and also need high dedication I think
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In every day trading we need to learn and making evaluation, some trader said if forex is not easy and often occur noise analysis and very dynamic movement, and with evaluation hence we hope able making good profit from trading future, but as trader also need accept the risk in trading because if only emotion after losing hence usually will making reckless decision
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- life vs forex
- discuss life vs forex
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Yes learning is important in trading forex, we can using demo account facilities from broker, if only for learning how to manage money and implemented such system trading that already learned, if in demo account already having good confidence then they can start using small capital fist because in forex result today is not guarantee will able making same result tomorrow
- 460 replies
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- Learning forex
- Should i trade in forex
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Can no deposit free money help you achieve success on forex ?
radex78 replied to kaito kid's topic in Forex Newbies
Yes indeed as trader can practice on demo account also if not yet ready on real account, and they if already having good skill in demo then using bonus no deposit bonus is also as one opportunity to making money if rules bonus is easy, and if just for learning trading using bonus also as good way to practice and trained skill, some broker offer bonus no deposit like as my broker -
Little profit ...Would you accept it from forex trading???
radex78 replied to showrov1993's topic in Forex General Discussion
Yes indeed loss sometime inevitable, and as trader will trying to learn how to analyze the trend market and will trying to catch profit when the market giving best opportunity to minimize the risk or on other hand as trader will trying enter when they understand if on these time is already get signal confirmed -
Maybe some trader that already few years manage real account and because they have no capital and back again to demo account, indeed this is good to trained skill again but emotion pressure will never involved and actually if already trading in real account which already able making profit they want to repeated again because real account is real battle
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whether you like positive or negative slippage?
radex78 replied to uncle gober's topic in Forex General Discussion
Maybe will good if broker having fast execution, because if any trader want to open and closed order hence they can executed instantly, will annoy if often occured requote problem when the trend market on volatile movement or if want to open order or cut loss, if broker having fast execution hence will help trader that like with scalping trading -
On this case about psychology trading indeed giving high role during trades, often any trader being emotion if they suffering with loss but if they follow emotion hence usually only will making loss will more, as trader need to learn on time when the trend market giving high possibility to making profit and this need research and experience also patience to waiting
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Yes will better if we trade with risk management plan, because if trend market when on condition very dynamic and more liquid sometime movement is very unpredicatable, and we maybe will getting good profit when the trend move on strong movement, on this condition seems making profit is easy, but indeed the trend market not always like as expectation and we need to use risk management plan
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Concentration is essential in trading, but if we already submit plan trading hence we need keep discipline and running plan accordingly, because trading forex also need to analyze the market, with concentration hence we will trying to determine entry or best timing, although sometime not success
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Yes we need thinking risk in forex, because risk in trading is like as enemy but we must faced with these condition, sometime we can't avoid loss and we must accept loss occured and making money in account decreasing, and as trader need to learn how to minimize the risk with learn how to determine best timing enter and exit from the market
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Demo account is different with real account, especially anbout psychology trading, because treat real money and virtual money is different, which in real money usually as trader will involved emotion and they might will having feeling like as greedy, fear anxiety etc but on demo account not involved emotion
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whether you like positive or negative slippage?
radex78 replied to uncle gober's topic in Forex General Discussion
Yes maybe sometime difficult to analyze the trend ahead, might if we always able analyze the trend market ahead hence will good to making profit but in fact not always trader able analyze the trend market properly, sometime news high impact also causing trend changes and not suit with technical analysis -
Do you participate on demo contest?
radex78 replied to Ronnie Irani's topic in Forex General Discussion
Maybe will good if we can become winner if we take part on demo contest, but how to become winner is not easy task, sometime need lucky I think because usually trading in demo contest will trade with using high risk taker using maximum lot size, and only trader that having good accuracy analysis that will become winner -
Yes as trader need making evaluation trades to learn from mistake that ever commited, and if we can learn from our mistake hence we will get valuable lesson for making betterment skill trading, we need control our emotion and keep trading with discipline I think better rather than trading recklessly
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Yes as trader will free to choose strategy that will implemented in trading and all goal is making profit of course, and if still able increasing money in account still better than loss,and this is as our task as trader to trying manage the risk and increasing profit