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StevenBendre

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Everything posted by StevenBendre

  1. StevenBendre
    That's true I think forex forum can help a newbie in improving their trading skill. Working on forex forums will enable you to gain more knowledge, meet different people and gain one or more things. That is what many members are doing nowadays.
  2. StevenBendre
    There are a lot of new traders that just join in this field and trying to earn but in the end mostly of them loss, and still 90% traders lost their money in forex. I see that the ability of getting forex as main job is all about the level of understanding one have as a trader.
  3. StevenBendre
    What makes forex different is this online business is easy to reach i mean minimum deposit for mini account now is low. Forex good way to make money through the Internet and easily, but the difficulty is that it is also the easiest ways to lose money through the Internet.
  4. StevenBendre
    If you are a trader that has no plan you better develop one today for more profit. I always read the charts, read the economic news after which i analyze the market so I can draw out which currency pair to trade, when to enter the market, when to exit.
  5. StevenBendre
    The most important way to earn in forex is through complete forex learning and through continuous forex practice. The best thing to do as a forex trader is to trade with a system that has been tested and trusted and one that suits the personality of the trader in question.
  6. StevenBendre
    We have to learn how a pair works and how the market and other factors affect the pair. In this way, we can deduce of the different aspects and learn how to deal in the pair like we able to monitor it's average pips movement and usually the factors that influence the pair to move tremendously and what market sessions they are belong or when they are very volatile.
  7. StevenBendre
    For me, on every of my trading I will never compound, just use 10% of my principal to handle margin and if market still goes wrong way I will cut loss and wait for other signal to open new position. This will reduce your risk to minimum.
  8. StevenBendre
    It’s 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. We can not be satisfied with what we get so far in this life here. In this way here, we will not stop in one step, and then this can be turned as a danger thing in our life here.
  9. StevenBendre
    Well, education is better than luck. I am so much educate about forex trading and always want to know about forex, so i am so much interested about forex trading. I am a trader which deals with education and experience rather than luck as educations is the most important thing for us to survive in this market.
  10. StevenBendre
    Never anticipate creating your cash all at once. Build it gradually over a large propagate, by using constant control. Assures are like unicorns and leprechauns they never are available in this community. Persistence really is an advantage. Of all forex dealing techniques, this last tip is one of the most essential.
  11. StevenBendre
    I mostly play in daily time frame, it make me not need to watch the chart continuously. I watch a chart in the morning and see if there is an opportunity to place a position. If yes then and night after my job I will check if my position.
  12. StevenBendre
    Using a demo account where you would just trade with out following the right or good way to trade. You must develop a good strategy when using a demo account so that you would be able to apply your knowledge and develop your knowledge well then you can apply what you have learned in demo in your live trading account.
  13. StevenBendre
    Mostly traders will learn by themselves with helping of other traders in forex forum. If there is mentor who helped you that could make you learn about forex faster than other. Once we have experience friend then we can ask him any question but its true sometime it not possible but there is so many good source over net if we really want otherwise there is so many forums.
  14. StevenBendre
    I think that talented people will able to learn fast and achieve success level shorter than average people who maybe have no talent. As we know that logical, mechanical and mathematic ability needed to overcome the complexity in this business, and if trader has that basic talent, can be sure they will not get significant problem.
  15. StevenBendre
    We only stuck with programmed robot and doesn't learn what exactly forex is it. I recommend not depending a lot on robots anyway. Robot forex has many disadvantages. It cost us very expensive and our computer needs 24 hours on. Forex robot could be used well if the users are people who knew about trading well.
  16. StevenBendre
    There are some days that there no successful open position. So that means that day I don't have a traded position but it does not mean I did not to any thing that day. there's still exception as we can't really make daily trading since we can say that we can be scalper well, even scalper need to have chances to have a good opportunity in a trade.
  17. StevenBendre
    We have to manage the risk because there is no way to eliminate; it's just how we manage it. If you can't tolerate the risk involve in forex trading then it's not for you as you enter in Forex trading there is always a risk and you can't avoid that as it's part of it. Just learn how to manage the risk in forex trading.
  18. StevenBendre
    It is better to invest what you can afford to loss,and remembers forex is high risk field, so that is why you need money that you can afford to loss, we don't even know if market changed so far and give us nothing only loss, so that is why i advice to invest what you can afford to loss.
  19. StevenBendre
    We usually think of it as a different meaning. But both of them says or emphasizing the risks or profiting or losing. That's what I'm thinking. Because, in forex we used our strategy and mind to have more of profits but gambling we mostly think of the two choices only without any basis why we do so or just hypothetical. In forex we do have our analysis and basis.
  20. StevenBendre
    Patience and discipline are important to make a success of forex so your plan needs to be in the long term and involve proper learning and practice if you want to become a good trader. We must have a high persistence and effort in practice because this is very important especially for beginners because the more trade we diligently practice the faster we understand how to analyze market movements.
  21. StevenBendre
    It’s more often to be used also as a way to promote their forex broker. This is a great strategy but then, it does not really give them reputation for a long run as these offers for newbie have conditions. Actually that thing is available for many new users in some forex brokers, but i think that amount of money only good for newbie who just want to start forex trading.
  22. StevenBendre
    I would also prefer that I show some consistent profits from trader over a long period of time if I were to look at forex being the main source of income. We should really have a good preparation in terms of trading strategy and in terms of financial management because it will allow us to get a profit consistently on a monthly basis in our trade.
  23. StevenBendre
    Usually, demo account is better than real account because in demo account is easier to obey rules and it's easier to accept risk. If we made few mistakes, we can take our mistakes but it didn't happen in real account. It’s 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.
  24. StevenBendre
    Losses are part of the forex trading experience and that is to be expected as part of this experience. But one should not trade in expectation of a loss but rather with the aim of making a profit out of their trade. When they do come, take them with stride and know that not all losses will mean a change in strategy.
  25. StevenBendre
    It's hard to select good robot and there is probability to lost money choosing this robot because i heard that the price of robot is not small but very good amount and if its fail to do win trade then we will loss money in trade for robot. You have to first choose a good robot system and the monthly expense is there to be paid. It will leave you short on profit even if the robot is doing well for you.
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