Exchange Blog Cryptocurrency Blog
![All Pips](https://digitalmoneytalk.com/Banners/allpip728.gif)
![](http://www.digitalmoneytalk.com/uploads/set_resources_1/84c1e40ea0e759e3f1505eb1788ddf3c_pattern.png)
radex78
Member-
Posts
2,604 -
Joined
-
Last visited
-
Days Won
2
Everything posted by radex78
-
Market conditions in the demo account is the same as the real market but using a different server, trading in the demo account you can register a new account through the MT4 terminal with choose demo server. Next filled the form registration to be submitted.
-
First for beginners start with reading many resources forex to get more insight, while learning by reading you can try demo ECN FXOpen for learning by doing. Trading in the demo is free without any risk. Test skills and make sure to find suitable trading strategy with profitable results. Because working in a real account is harder than a demo, you must have strong psychology.
-
No deposit bonus from brokers. Any suggestions?
radex78 replied to boltushkin's topic in Forex Newbies
Reading the term and conditions regarding bonus is essential, if likely easy to make a profit from bonus, hence no problem to try out, however if likely very difficult to make a profit from bonus, leave it rather than confuse -
Learning forex is long-term journey, forex trading is a risky business, and not everyone suits to forex trading. This is the need for passion for working in business and high dedication also motivation. In te beginning trading usually faced many times difficulties how to catch a profit, along the times learning, later gets easier to catch a profit in trading. This business needs high patience to work out.
-
Now I see there are so many ads promoting automatic trading-based AI, seems development trading using algorithms also enhanced to using the latest technology, however, depends on trader will choose manually or use robot the risk forex is remain there.
-
A demo account is useful to test trading skills in the forex market. For beginners, this becomes a place to learn how to use a trading platform and understand indicator trading in technical analysis and many other functions like as backtest trading using a strategy tester. Any trader can try to test robot trading in a demo account and watch the performance of trading.
-
I have been trading with FXOpen broker for more than 9 years, margin call I think is normal in the process of learning, all traders I think had experience margin calls, if not, it's only 1 from 1000 traders.
-
Despite open multiple chart on different pairs, but in trading only choose one pair to traded, because with choose one pair will more easier to manage the risk. In my broker there are more than 600 instrument trading, so trader freely to choose what instrument will be traded. Try TickTrader demo account and gets another experience using different trading platform.
-
Could you suggest a forex trading platform ?
radex78 replied to sam_oi_2's topic in Forex General Discussion
TickTrader is good trading platform for ECN broker, there are various benefit using TickTrader platform, included open one account to access multiple CFD market forex, crypto, indices, stocks, etc.Using ECN account of course gets more benefit like get tight spread,even sometimes negative spread -
the trusted and safe forex broker. Do you know such ones?
radex78 replied to Katie_90's topic in Forex General Discussion
Traders come in Forex with a dream, and want to become successful traders, this is not easy business actually, however, if we have a good mindset and positive mindset, forex is a very attractive business as one source to make money from home, choosing the good and trusted broker is important for a long term, so far I trust to FXOpen broker is a good company with a strong foundation, regulated on FCA, ASIC, and Cysec. -
Trading forex in the financial market is open for a global society, we can trade on the reputable broker like FXOpen from entirely angle of the world, when traders are already profitable and consistent, making money through forex gives more comfortable because traders can work from home, going vacation from profit forex trading business. Feel enjoy in the life.
-
No deposit bonus from brokers. Any suggestions?
radex78 replied to boltushkin's topic in Forex Newbies
Read the term and conditions before taking a bonus as your main goal to join the broker, many new traders fall into the trap because of misunderstanding, sometimes the broker offers a fantastic bonus but to make money from its bonus very very difficult because needs filled all tasks provided. -
It is possible gets a positive swap when trading on the pair with currency a higher interest rate paired with currency with a lower interest rate. Positive swap gives adding profit but negative swap reduced balance. For this, there are traders who trade with a carry trade trading strategy
-
Demo accounts remain free to use, despite only using demo accounts but trader will face real market conditions, there is certain trader who use demo account to test the trend with open buy and sell at same time and open real trading to put new order based on the test in demo.
-
Leverage is useful feature in forex trading, however, choosing leverage also need to wise because use high leverage could leading traders being greedy, and the most reason whjy traders get fail is they can't control emotion and becomes greed inthe uncertain market. Different broker maybe offer different maximum leverage, in FXOpen max leverage is 1:500.
-
Both is good pairs to trade with low spread and high daily average movement, it is possible to get zero spread on two pair EURUSD and USDJPY. However, we can explore more trading pair to learn pair behavior
-
Short term trading scalping needs to choose low spread broker and low spread trading pair. Not all broker allows scalping because high frequency trading could disturbing their server being slow. So choosing broker is very important if want to work scalping, FXOpen is good broker for scalping because this is ECN broker and also offer spread from 0 pips
-
No risk no gain, I think all traders are already familiar with this slogan in the forex trading business, it is impossible to eliminate the risk fully, risk is part of forex trading that is sometimes inevitable, we are only able to control the risk but can't control the market.
-
You can use a demo account to test your order, I see there are traders they open trades on the demo just want to know the trend market with open buy and sell at once time, when he confident with the trend decision will open trades in real account, this is a unique idea in forex trading business.
-
A demo account is not only useful for beginners, experienced traders also take benefit from a demo account to backtest new trading strategies before applied in real trading, when new trading strategy can work well on the demo account it will raise comfidence to forward to real trading account.
-
Factors that are considered while choosing a broker
radex78 replied to Gee Dee's topic in Forex Newbies
Regulation broker is an important factor when choosing the broker, and also trading fee, customer service, payment system, trading platform, trader reviews, and security is largely important for long-term business. -
Binary Options Low Minimum Deposit Brokers
radex78 replied to andreyi1979's topic in Forex General Discussion
ECN broker gives a better trading environment because we can trade with low spreads and low commissions, in FXOpen the spread starts from 0.0 pips and there is free commission in CFD Index, trading is ECN network the broker will throw order clients to the interbank market directly, so the spread is variable but no requote problem. -
Forex trading business still becomes popular business and the latest technology makes forex more expanded to grow, because recently so many device already support forex trading platform, like in FXOpen that already support trading platform MT4 or MT5 for mobile and desktop, also TickTrader platform support mobile and desktop, gives free to select trading platform suits with our device.
-
How do you trade if you are beginner?
radex78 replied to Katie_90's topic in Forex General Discussion
A demo account is useful for beginners even experienced traders sometimes need to use a demo account to make backtest trading strategies or software trading like an indicator or robot trading. However, it will good if in the demo using the amount of funds the same as money that will investing later in real account, if making a consistent profit will make more confidence to start trading real account. -
if possible use the robot first you need to backtest the robot as first research and observation, if in backtest robot provide good result hence can be forward to use a demo account or a real account, however not all robot are the same, should understand robot suits with small capital or only work for big capital. Besides it also brokers should allow traders to work using robot.