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andry777
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Posts posted by andry777
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Each trader will have different amount of capital that he used in forex market. If you, how much capital that you will use in forex market?
I ever read that lower capital will be more risky because it could hold only small pips in movement of market. So how much minimum capital
that you suggested to use?
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If we wanted to be good trader so we must have target in trading. It could be shor-term target and long-term target. Now I wanted to know about
your short-term target. How many pips that you usually targeted in a day?
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I think all traders are agree that Time Frame is really important in forex. Each trader has different point of view about Time Frame and which one is the best.
In your view, which time frame that you think is the best in trading? You could choose one or more Time Frame as the best for you because as I knew there
are many traders who combined them.
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Every trader has different view of lot size that they used in single transaction. So what do you think about lot size that you used in single transaction?
How many lot size that you usually used in your method and why do you use that much amount of lot size?
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If me, I prefer to choose Intraday trading if we compared Intraday with swing trading although sometimes I used scalping too.
In intraday, our loss won't be as much pips as we did swing but in other hand our profit will be same not as much as swing too.
I don't use swing because it's more risky.
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I think that is impossible if we could lose more than we deposited except our account has been filled with free capitals of funds in our balance.
If our account is pure from deposit only, that won't happen to lose more than we got.
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If me, the first thing that i will take a look of broker site which I wanted to use in forex market, that is not facility or good benefits in there but I prefer to
take a look its reputation and testimonial from its members. That will be more important to know than its benefit, and also i will pay attention on how long
they have been stand as broker. If they are new broker, I won't take too much risk with using that broker. I will like to use broker which has experiences
for at least 3 years in forex market.
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There are many kinds of different pairs which is used to trade in forex market. Each pair has different popularity and each pair will move in different
movement off course. It will have different spreads and also it will be affected by different condition too. For newbie, I suggested to choose pair
which has low spreads, good movement, and also well-known by many other traders.
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@boniez
Yeah off course. Real account will need our psychology which we didn't need to use in demo account. We could treat demo account similiar like real account
but still the psychology is different in reality when we are trading in real account and demo account. But our good strategy in demo account will help much
enough to do good trading in forex market.
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@elliott
I don't understand with your first point about using too much leverage. I think that is not only leverage that will determine our risk and profit
in forex market but also how much volume of lot size that you used in each transaction. And the most determine is not leverage but lot size.
So using high or low leverage, if you used low lot size that will be lower risk too.
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The best time to trade will be different among traders because each trader has different style of trading so they will have different favorites
time to trade. For scalper, the best time is sideway and in other side, for swing trader sideway is not good. It will be better to take position when
there is trending time.
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@indieover
Yeah I am agree with you. foerx is really big business in the world which contains billions of dollars which is traded in the world in each day.
There are many opportunities in there but also there is big risk too.
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Many traders are depending on charts, indicators, and another will depend on robot forex. I think that was bad if you made decision only depend on
indicators although it's good to use indicators as your references before you made decision. It wil be better if you take a look to condition of market
too. Sometimes, the signal of indicator is not suitable in few conditions.
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If me, I am not too much hours to spend in forex market. Sometimes, I will spend 1-2 hours and sometimes I could spend more than 4 hours daily.
That's all depending on my activities that day and that will depend on market's condition.
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In my view, usually traders lost in forex market because they have lack knowledges and lack experiences in forex but they entered directly to real account.
Many trades wanted to get high amount of bucks instantly from forex, it's impossible but many members tried to make it happen.
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I think the simplest way to earn some bucks in forex trading is different from one trader and another because there are different style
among all traders. If you are short-term trader, so it's better to use Low time Frame, high lot size but still with good money management,
and also open and close position quickly.
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If me, I prefer to choose Forex because I don't need to depend on another else and also I didn't risk my funds to another
people. I prefer to risk on my own hands, but that will need many times to spend to learn and practice about forex matter.
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I am not agree with you. I prefer to use guide from some sources and then I will learn it by myself about that. So our guide could guide us to success
but it will need our training to make it happen. We couldn't success in trading if we didn't make some training in there.
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If me, I prefer to use manual trading than robot forex because with manual trading we could control how much loss which we will tolerant.
If we had good money management and good knowledges in forex, manual trading will be good. We could train and get experiences in there
with low risk or limited risk.
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@sirwilly
Usually PAMM Investors who didn't need to do much effort but they must have much enough amount of capitals. And also, PAMM Investor must
choose the right trader to manage their account. If they have chosen the right trader, so that will be easier to make profits because they will
get some bucks although they didn't do anything.
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I am beginner in forex market and also i don't have too much capital to trade in forex market. If me, I will choose mini lot size in trading.
And also I will use micro account or even cents account in my trading account.
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@indieover
Yes, that is hard to make profits in forex. We must learn and train in long time to know how is the right and the most profitable strategy
to make profits in forex with our own method and our own style. Each trader has different method and style how to make profit well so
we must train by ourselves too.
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@indieover
I am agree with you. Using high leverages is really safe because we will risk low amount of bucks and also we will get low profit too.
But the most determine is our lot size that we used while we used low or high leverage. Higher lot size in high or low leverage will
make our risk higher for sure.
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I tried to take part in contest of this forex broker but it's not easy to win the competition. But it is good for training in forex market.
I think Liteforex is one of good broker in forex so I hope I could get some bucks of free capital in here from prize in its competition.
Technical or Fundamental that you like more?
in Forex General Discussion
Posted
Every trader has different way to get profits from forex but there are 2 analysis which usually used by all traders in the world.
They usually called it technical analysis and fundamental analysis. Which one do you like the most, technical or fundamental?
Why do you choose that analysis? Share here...