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radex78

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Everything posted by radex78

  1. Usually in my trades only use fixed stop loss and rarely use trailing stop, but sometime if my order already in floating profit, usually I will mlodify stop loss at least +1, so if eventually trend move rebound and hit stop loss still get 1 pips and if the trend continue hence will getting maximum profit and will cut profit manually
  2. Forex is foreign exchange which this is buying and selling currency using another currency, if any people they want to inmport goods from certain country hence they need currency on country destination, and to purchase currency they must buying currency using their country currency, and price currency always changes, depending with demand and supply which apply on theory economy, if demand arise hence price will expensive, and if supply arise hence price will cheap
  3. Eventually if any trader they want to making real money hence they must jump to real account and this is will become real battle in forex market, which as trader will involved emotion which often become one barrier to making best decision, and with experience in real account, usually as trader they can develop psychology trading and they can learn from their own mistake also
  4. Actually forex market move dynamic and unpredicatble, here as trader only trying use technical anlaysis and fundamental analysis approach to trying indentity the trend ahead, because as forex trader they wiill work with the trend so they must learn how to analyze trend market with high accurate. But so many reason the cause of loss, might some trader said if lack of knowledge and experience is most reason trader loss, and also reason that come from our own selves mistake like as greedy and over trading, over confident etc, so if we want to develop our skill we also need to recognized our mistake
  5. Keep learning and practice , easiness will come after difficulties, as long as we have high motoivation and dedication to learning well, hence we will have good ability to analyze the trend market and will always struggle to making profit from forex trading, in daily market always we need update analysis and take action to manage our account trading, some trader they prefer use robot and if they found profitable robot it will giving more pleasant
  6. Although forex included in risky business but here we can trying to manage the risk with strict risk management and money management, indeed we may losing money in forex market, but with good understanding and good learning we will trying to minimize these risk to increasing profit, don't despair and never lose hope, still many oportunuty to making profit from forex trading
  7. Forex still become my favourite business, and I don't trade in stocks because I don't have any source to start trade on stocks, in my opinion one advantage forex is we can use leverage which now many broker offer high leverage and we can start with small initial deposit we can start even use one dollar only, but indeed this is not sufficient capital to start in real but we look on advantage forex than stocks
  8. But actually we also can learn with fundamental analysis although we still prefer use technical analysis, like as with simple way trade based on news, we can stay tune on time that news high impact will released, and the we can trying to learn what impact these news to currency, it'a also will giving valuable lesson for us
  9. Keep spirit in learning maybe making propfitable trading is not easy task, and required process and progress, and most important here is always learn from our mistake to improved skill trading, if any trader already they have good ability to analyze the trend market with high accurate hence they will become profitable trader, just keep learning with never give up
  10. Learning is very important in our life, in addition with forex business, as trader they need to always learn daily, trend market always changed and as trader they must update analysis to adjusted their trades, but as trader also need to accept the risk that involved, we can learn from our success story and also mistake that occur, but we also can learn from another trader experience and knowledge
  11. Yes loss in trading sometime inevitable, forex market move very dynamic and unpredictable, sometime we made bad analysis, so in trading we also need to always keep trade with risk management plan, in every trade we always pay attention with the risk that involved
  12. Yes of course we need comparing broker if weant investng huge money, but might we also can trying to deversify capital on several broker, so we also can have experience how withdrawn processed each broker and we will understand the best service betwen broker, now I am also sue forexmart and I see positive vote because many trader also use this broker
  13. Yes enought for me, so far I am never trynig another platform after use metatrader 4, althogh there are mt5 Ctrader, ninjatrader etc, but still use mt4 in my trades because already support use robot and also we can use custom indicator
  14. Maybe is not gfood habit if we always repeated same mistake, in trading we also need to use certain rules to avod same mistake repeated again, because it will leading to same failure again, so I think before making any decision we also need to have reason why we enter and then we can recognized our misake and learn from it
  15. We also need to understand with demo account purposes, if we want to backtesting system and strategy, for serveral month it will help us to making summary result in demo account and then we will making decison whether these system will implemented in real account or we use old system, forex is always risky but as trader they need to take the risk if want to gain
  16. Forex market movement daily alwas changed and we have opportunity to catch profit in daily basis, but we also need to understand with the risk that involved, we need trade with risk management to avoid big loss in trading, because not always after we open trades then price will move to our favour
  17. Greedy is bad thing in forex trading, as exerienced trader they said if money management is very important because actually trader will never know where price will move ahead, in trading we need also put stop loss I think, except on early preparation already invest money that will used for strategy trading without stop loss and the end stop loss is margin call account
  18. Don't despair, I think if we running forex business with fun and enjoy, we have no target will become rich from forex, and we just flow like as water in this business but keep learning, I think we will able manage our capital better than before,
  19. Yes this is key point in trading, about entry and exit point that wil determine any trader will get profit or loss, and not always in daily trading we can analyze trend market easily, sometime we in doubt aboiut the trend ahead, so required patience and no problem if we not trade everyday as long as we can making good quality trades it will giving better result
  20. Could be, forex is risky business and I think every trader already knows this matter, but in business of course any trader they need to take action if they want to know the end result, but also if they use these capital and still in risk consideration, it's okey I think, but if for small trader like as me, using these capital is dangerous because making these money from salary etc might can;t achieved a year job
  21. Maybe many trader they felt addicted with forex, but if they still as looser might addicted with forex will become bad thing, and if they can making money with forex hence addicted with forex is good thing so in my opinion as trader that might addicted with forex they need use in general portion, just invest money that afford to lose
  22. I think for safe trading will better use smallest lot size, because also during trading will more comfortable and not full with tension, different with if we trade using big lot size which usually will making tension higher and maybe will disturbed emotion Manage mney in uncertainty market required good risk management and money management, if we have small capital will safe using small lot size and if we trade for long term also will strongest because will make strong margin to withstand price movement
  23. Actually I don't klnow abut this matter, gangster and forex, maybe some people usng forex to money laundrying but I don't know for sure, and as long as still get earning from forex business and can withdraw money from broker, I dont care about gangster, but if there are impact for many trader might this will become serious problem
  24. I don't know certain trader they said if fixed spread is for broker dealing desk, which our order still holding in broker and not throw in the market directly, but so far stil enjoy using fixed spread and as long as every withdraw still processed smoothly hence still bellieve with these broker
  25. For me usualy still prefer with manual trading usng technical analysis, but also still important to reading news in calendar economy, just to look on news high impact like as fomc, which signed as high impact news, often news like that giving big impact to currency. Maybe still many trader use technical analysis because this is simple way to analyze the market, different with fundamental analysis which required many data before making decision
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