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StevenBendre

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  1. StevenBendre
    Put your feelings at the entrance. Currency trading is about systematic research of the market styles, not about looking for the next hot business. The investor who allows his or her feelings take management is the one who will observe income fall and failures increase.
  2. StevenBendre
    I experienced losing again because of putting an SL in my trade. The market dived steeply but recovered after some time. If there was no SL, I would have gotten something. Surely, I will take this lost as part of my experience and I hope that my skills get improved.
  3. StevenBendre
    Once we start to become too greedy and want to get all the profits out of trades then it would be detrimental for us. Its better to keep on reviewing your trading strategy to see if there are improvements that you can make that can yield better profits moving forward because that would be tried and tested first.
  4. StevenBendre
    I think that it is better to train your skills in the demo account first, even if not proficient should not need to force to go into a live account, because it's useless later only going to spend your money only, because I'm pretty experienced with it.
  5. StevenBendre
    I believe that it is self earned, as you know that not all people have good thing in this one but still have good determination and in the result they gained more bucks and more experience and make their trading better than before and of course you also need to practice so you can be better in trading.
  6. StevenBendre
    Actually forex robot is just small piece of codes and it's just limited at that, it need human brain to code and upgrade it in other for it work well, otherwise it just work for certain market condition or even fail to make profit.
  7. StevenBendre
    About contests in market practice, It will be only very useful if that contest is to have many winners but if that is only few who will become winners then, we can say it's more of very competitive contest and not really good to make it as practice. Usually, we have these trading contests as sort of practice since we are in the demo account.
  8. StevenBendre
    Having a live mentor will give you more benefits than someone who you only know online. Deciding for a live/online mentor is similar with meeting new people. Live mentor is more advantageous than just having a mentor that you can meet online. Live mentor can teach you more things, and you're able to see him in person so he may also give you some tips.
  9. StevenBendre
    Well, about me, I think that if a trader trade all day long that the possibility for him to loss is greater than that of gain or profit because staying too much on a trade do result in loss and can be seen as overtrading.
  10. StevenBendre
    Actually there are many places where we can find resources that aid us in the learning process in we are interested in earning in forex. We just need to choose the best resources or one that we can understand better be it online or offline and then use it effectively to arm ourselves.
  11. StevenBendre
    I think that you can make money from forex but not completely depend on the income derived from forex and we can live better life, never forget that forex is risky also not to ignore the big profit potential it has and so having a regular job and trading part time may be best option.
  12. StevenBendre
    Actually I see that the money management is actually very important thing to do on the forex business here and then also combined with the Risk management here. So, in this way, if we can do the risk management, at least we can minimize it.
  13. StevenBendre
    Well, certainly It won't be the same as we always learn something from forex which we can't do in gambling. So I think it's more profitable to be in forex as well. That's why I just focus in Forex and I don't consider going into gambling at all.
  14. StevenBendre
    It's an opportunity to trade in the real account without using your own money. Yes, you need to take into consideration whether you can be able to withdraw the profits from your trading if you manage to make profits from this bonus but it can with getting the experience. Especially if you are switching from a demo account and want to ease into the real account and test out.
  15. StevenBendre
    Often demo account is better than real account because in demo account, we used virtual money so we did trading with nothing to lose. We can easily follow trading plan and we could easily to be discipline to use good money management but in real account, we used real money and our psychology will give impact too for result in trading. Sometimes, we didn't sure to open position or close position.
  16. StevenBendre
    I see that Its no necessary that if your were a newcomer then you will surely get loss in starting phase, in this field experienced persons who already have spend years there and they faces a loss its a field of risk, sometimes risk give you sweet profit and sometimes give you a loss.
  17. StevenBendre
    Well, if you really want to make big profits in forex you need a big principal too. With small one you can't make good profits cause in forex market there is margin call and you need to care about it. You can't make $10000 with $100 principal because it is very risky. The best is to make 20-25% monthly with your principal.
  18. StevenBendre
    I am prefer forex than hyips because if we loss in forex then there will be our learning and if we win then mind satisfaction and if we here from long time then there is a great chance to become successful trader which may our career but in hyips although there is chance to gain but there is not anything to learn.
  19. StevenBendre
    Of course the robot is not recommended for beginners, because they still need a lot of learning on the basis of forex, but I was surprised by the number of beginners who have large capital until he bought a robot, and depend to him, but he's not necessarily good at Forex strategy.
  20. StevenBendre
    We have also to keep in mind not having revenue targets. If you never know where you are going how are you going to get there. If you never have revenue objectives then the business can convert easily and you can see a successful business opposite into a dropping business.
  21. StevenBendre
    This is really good to try demo account when you want to learn forex. But to get the actual experience real account is needed though may be with small amount, as we get real exposure only when our real money is involved.
  22. StevenBendre
    Well, I see that is the best use of demo trading to test out strategies. Besides learning how to trade, we should make all the mistakes we can in demo trading so that we won't be able to make as much mistake or avoid mistake as much as possible in the live trading.
  23. StevenBendre
    It may right for some, but still practical is the best. Putting what we read to test can go as far as exposing us more on how it works. Forex forums are just a background for me and anybody who wishes to be a good trader must venture into the forex world by trading pairs.
  24. StevenBendre
    I can say that forex is easy while hard too at the same time, easy because in fact that is easy to earn in forex, you just need to sell and buy which currency that you think have a good conversion and hard because we need to know the right time to sold that things.
  25. StevenBendre
    For sure forex can be a main job. But I would not recommend it for the newbie. Only to those who are expert with trading. In terms they can minimize the lost a lot and always keep their mind cool in trading. I still hole my present job as a translator because I still like my job.
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