boniez

@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.

hence, demo account more refererr to the introduction of that platform and testing a strategy. even aspects of the market did not exist in the demo, like requote, dealing desk, trade context etc..

From the first I did not like to use hyip to earn money, because I think other than illegal, they also sometimes make a confusing with those scheme and will culminate in scammer members, better forex anyway

@chuna

Yes, that was right. Low and high leverage that we used, that will only give value each pips that we used in trading.

But our risk will be determined by our lot size that we used in each transaction too. Usually, scalping will use higher lot size.

but still leverage size affect endurance of our margin , because if you use a little leverage and use a small fund as well, then that will also cause we can not use the minimum lot which pprovided by the broker

not differ much between the swing and intraday trading. I sometimes do the styles of swing if my prediction turns out wrong and cause the floating min. but i will go tu cut loss my order if i dont have free margin anymore

well, every timeframe indicates the different direction although to the same destination, the smaller timeframe will represent the movement of a larger timeframe. the most ideal timeframe for me is H1, because average the news begins with hourly period

in fact it is difficult to control our emotion which associated with psychology trading. because as humans we are given a different nature. but provided we are able to train I'm sure will be more accustomed and good for further trading

@sasanka

I am disagree with you. Using high leverage, 1:500 or 1:1000, is safer for newbie because it could hold our open positions until many pips.

It's reduce risk in trading especially for newbie who oftenly made mistake. But the risk will depend on each person not on the leverage.

apparently he was wrong understanding of leverage, but I'm so confused with your all understanding about leverage because conflicting. at least so far I have never experienced problems while using the leverage of trading despite a large / small

actually more affective if the university held its own so that our understanding is more mature. but it seems all the expert trader was able to produce a huge profits, so why would they work as a teacher on those university right. but learning in manual and own good I guess as long as we diligently to learn

in addition to psychology and money management, frequency of price prediction errors also hamper me and causes loss when trading. until now has dozens of times I experienced a margin call and still not give up hope can yield better later

I do not agree with part of the difficulty of predicting the price, only a fool scalper would do its scalping when at the trend move , of course it makes their accounts quickly get a margin call. please be aware that scalping is more suited to do when at sideways market

Actually with small deposit mini lots is not only helpful but it secure our account too and although market go against us it keep us alive but if we use full size with small capital than it possible to washout our account in short time.

at least it is necessary for resistance our margins, even it is advisable to use a ratio of 1:1000 to our account so we can keep floating up over 1000 pips, even earn a little amount, but, it is satisfactory for a workout

to stop this problem one must use demo account for quite some time and also one should create a particular trading system for himself,doing both will surely help one to enter any trade at a right time,it also helps one to control the mind efficiently.

yes, but a beginner will be hard to do two things simultaneously, especially for trading, we should really focus so as not to experience a big loss, I'd say follow your heart whether or not trading.

@Nikhil

Yes, it will really help people who are busy but he still wanted to get some profits from trading but still it's not as comfortable as

we used PC or Laptop. I suggested to use PC or Laptop more than mobilephone if that is possible.

yeah, is easier to use PCs, but also necessary to use mobile phones during an emergency moment. especially for those who make trades based on news, so sue them for open orders anywhere

@sasanka

As I knew, forex robot is script or mql files. You can place your robot forex into folders that contained robot forex. In mt4, it usually saved in

Expert Advisor (check the path in there). After that, you can easily click it to run the forex robot. Please correct me if I wrong.

yup, and if you also want to edit or modify the robot, can be done using MQL editor, but first you must be smart in these MQL coding program. for e its still difficult to learn

loss in the demo account is not useful, because there is no any effect in our psychology, we better loss on real accounts, though feel sad and pity, but it does not matter as long as we experience psychological effects and make better for further trading

@Nikhil

But the hardest part in PAMM is choosing the best trader because some traders have good performance in its proof but when he used our funds,

he didn't make good profit. That's from Investor view, if we are trader that is hard to prove ourselves that we are good trader. It's hard to make

the deal too.

therefore, should we choose the trader who is really reliable and we know him very seriously. I prefer to vote directly, rather than monitor traders. but better still if we are trading alone without help from others trader

@wasi

I don't know for sure but as I knew, higher leverage will be lower risk because it will hold more pips and also it will give lower profits too.

As an example , if we used 1:1000 so it means 1 pips = 10 cents then if we used 1:100 leverage then 1 pips = 100 cents (1 dollar).

So lower leverage will make the value of each pips will be higher in dollars.

A good explanation, I wonder why many people have expressed leverage size as lot size, yet it is different, but the higher it is good for beginners, because it can secure their account even if the profit is too small

welcome bonus given by the broker was not a regular thing now. there's even a few forums that provide free capital for trading. seems increasingly tight competition of all broker.

i have just started trading in forex yesterday because iam afraid of losing my money so i opened demo account to try my work there i started it with $30 but after 4 hours the $30 turned to $60 because i used my best wat to trade there , i can now open real account and start earning.

caution against it, because maybe it's because of luck. not everyone always fail, there are some times when they are having good luck. provided that you know the factors that cause you to profit then you can get into real account

now I've turned into a fundamentalist trader after a long time I did research through technical chart analysis. I think news was more effective to move the price , especially at high impact where indicator tool not function properly

i think the best way to learn forex is using demo account to try your luck and information there then if you succeded with that , you can start real account but with low amount of money to just try it , if you used the good ways to earn , you can invest and trade big amount ,

I do not agree, actually better to use a demo account for the introduction of software platforms or tested strategy, while the demo account has not been able to be used to train our psychology, my advice is better used micro / cent account to train our psychology rather than the demo

Well is it really true?

Because if your are lossing that means another person is profiting that amount . I don't think your broker can get that money. But for sure they will earn from the spread. so i think they want you to succeed and make many trades as possible.

Not all brokers only get profit from the spread alone. there is brokers who benefit through our spread and there are also brokers who make a profit fromm the trader loss, low incidence of broker who benefit from the loss of traders are those who have a bad reputation and have probability of scam

trying to maintain good a money management as well, because it affects the resilience of our investment funds from margin call. besides that trading experience is more necessary than other, because I think it is almost cover all aspects of trading stuff

@sasanka yes its ture but about testing terminal responce its hard to realize fully when there is less pressure in demo server and most of the time its working fine without requite. but in real it difference when there is lots of pressure in real server . but atleast its good to test terminal in demo .

better we try to choose a server that is rarely used by traders, such as that provided by several brokers. but I guess it does not really flashy, because if we open orders in leisure-hours are seldom experienced requote nor off quote. all broker ehich guaranteed, so choose a broker who has a supporting feature of our connection.

its fair actually, because everywhere the demo account only for exercise, so no one feels overwhelmed, but sometimes the beginners also have a bad performance in demo account when the first they got on to forex business