pepy

I couldn't agree more, getting profit or increase our potential may sound so easy job, but maintaining the profit we get so far it sounds hard and in reality is harder. Making consistent profit needs patience and also discipline, one wrong movement it could lead to a huge loss. This is why you only see that veterans which make stable profit.

Yes, it is right that foreign exchange is risky but it is still popular because of its credibility, we can see a lot of scam brokers and good brokers around helping directly or indirectly traders to trade and make profit. We can see they also really send the payment to our payment processor accounts or bank accounts. This ecosystem that helps forex to thrive and popular.

It is good feature for someone that don't have much time in front of the computer, making it easier to manage the profit and also no need to let emotion involved. This is why take profit become a useful feature for a lot of traders, and in long term many of them support it. No wonder this feature is one of the default feature in any platform.

Forex is profitable business but remember once again that is pretty much risk, and i've said about this before, also it is better if all newcomers should learn the fact that there are few reason aside from how profitable forex, in this case we can trader like what we want and with all strategy. All the profit and loss are in our shoulders so we are solo fighter here.

Lucrative business to be exact, it is one of the best business for all traders especially for the one who able to control their own capital and generate much profit later. Forex sometimes could be gambling, just look at traders who treated forex as gambling with make a divergence trading plan.

Sentimental analysis is pretty good analysis for traders, but that is not so well-known compared to fundamental analysis. Fundamental analysis is pretty good and this is the main core why people choose to sell and buy a currency because they do believe in most cases with the economic report of one country, especially to big countries , isn't it?

We can take the profit manually but that would be more efficient if we use the system like take profit. It is way more faster and will execute the position if the liqudity at the time is pretty much possible. Up to now, take profit is still a worthy feature for forex trading platform user.

Cryptocurrency is similar to foreign exchange so according to me that is not into the list. Stock is not as liquid as foreign exchange which hamper that into the list, what you need to find is a business that have high liquidity and profitable at the same time, and if possible offer high leverage even up to 1:500.

Yes, i agree with myregister. It is not impossible feat, just train and train. Each person have their own different set of path to train and how long the will able to control their emotions fully, there is no shortcut and to anticipate the bad thing happens you must have a good risk management plan.

When you want to turn forex as your own money factory, you must ensure that you have ability to make profit, ability to handle the risk - in this case controlling emotions and money -, and have lots of money, just say 4 digits $ with 1:100 as the lowest leverage you choose.

But never hope that the price would surge so much, for example of what i said before is bitcoin vs USD. BTC price can rise like few hundred coins so easily while USD is hard, it takes nearly 3/4 or even more at one trend to make something like that but in this current market is nearly impossible.

Huh? What do you mean? Education is important but on early stages, later you will find that the dominant factor for trading is experience, it will teach you more than just theory. In practice, it is quite hard to do what theory told us to do. As for luck, well that is depend and not all people can survive with luck many times, even that people exists that would be just less than 2%.

Forex and Binary are similar, and those are two good for both new traders to experienced traders, I see that binary is pretty much new concept for all traders even actually that is share similar parts. For me personally, forex is a very good and lucrative business but i still see binary a bit like gambling to me than foreign exchange.

Overconfidence? it seems like they underestimate the market and their prowess to make an accurate analysis, forex market is a risky market and that is well-known, also that name comes without any unreasonable reason, as we can see the market sometimes works against the "should" be trend and other anomaly but this is just minority, mostly they will follow the trend.

Well technically it is the matter of skills, it doesn't matter where the money comes from as long as the broker is an honest broker, i don't see any problem. But the problem with "free" money is that usually it comes with some hidden terms and in small amount, so it is hard or take longer time to scale.

Well in fact forex is like that isn't it? I mean we are our own boss. It is like freelancer but with slightly difference. You earn for yourselves, you trade for yourselves, and this is an active investment that you manage by yourself. It isn't PAMM where you put your money in somebody's account.

From other traders point of view, mentoring is not really necessary but it is good for trader in long term or for trader who want to trade as fast as they can. We also need to know that mentoring needs extra fees and choosing the right mentor could be a tricky decision for us.

Broker is an important factor and regulation is playing in this part to check your broker, well it is not a real guarantee that your broker won't scam you but to lower the chance, it would be good to choose a broker with a strict regulator and not a sneaky regulator that love to conspire with bucketshop broker.

Depend on your view, but there are a lot of traders who feel fine to let robot to works for them because they lack of emotions which still inside of human, you also need to train human to control emotions, but robot? You don't need just turn it on and then left them to do the rest, it is not like robot have some kind of awareness at the moment, right?

@bearhugs We are not talking about that here even both are important for traders around the world. Leaving greed is another thing and not all of us can do that. In progress we may fail but let me tell you, we trade in forex because we still have greediness, if you leave it you will content with your life, the best way is to control it not to leave or discard it.

That's right a global platform through decentralized server. The reason you should trade is because it offers better services rather than other similar business, it has more than one liquidity provider which compete everyday to provide better price thus lowering the spread cost to as low as it can without sacrificing the performance.

Scalping needs an honest brokers, low latency connection, and your fast hand to close the position automatically especially during volatile condition. Good or not for newbie is different thing, i think that is good for newbie if they really love how it done. For me, learn it and practice it.

It is simply unstable and volatile, BTC changed from money to investment. I think if you want to buy bitcoin you should think twice. buy ripple or ethereum is better or even dogecoin if you really want to use crypto currency as the mean to pay something without worry the great volatile like what happens to bitcoin.

Well those two are available in foreign exchange too, some people still use it because it is an old indicator which is pretty easy to use and has been tested by time with quite high accuracy. If you want one with similar "tested by time" title then use news as your source of indicators, it is proven lots of times to works in most cases.

I agree that experience is a good thing which trader should have, in order to have experience you can start with demo account, so first open a demo account and trade with it, live with it, make sure you able to make consistent profit in 6 months consecutively after that switch to real account to get more experience you won't get in demo account.