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HarryPotter

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Everything posted by HarryPotter

  1. HarryPotter
    Demo is not exactly real thing but it's good for practice. Demo trading accounts are really helpful especially for those traders who are new to trading. Learning through virtual money allows them the opportunity to get along with the trading conditions and learn forex technicalities without risking their real money at all.
  2. HarryPotter
    Most of traders will prefer manual trading because it gives the trader the chance to actually learn Forex and get used to the reflexes that are quite common in the markets. Robots deny us this rare privilege. With manual trading we could control how much loss which we will tolerant. If we had good money management and good knowledge in forex, manual trading will be good. We could train and get experiences in there with low risk or limited risk.
  3. HarryPotter
    Most of newbie don't have knowing of specialized analysis. Market Basic principles do generate marketplaces but if you are dealing according to essential research, you still need to have an excellent manage on technical research. I have said it before time is essential in dealing and technical research can help you identify the best records.
  4. HarryPotter
    I see that investing in Hyip is not good choice I think. In HYIP, if we calculated the amount of profit is only 1-5% daily but you can lose all of your money if that HYIP turned into scam. I think that is too risky, it's better to invest your money to another field of business than HYIP.
  5. HarryPotter
    You can see that there are a lot of traders of different skills and levels of experience converge here at forums to discuss about the different aspects of forex trading that can be beneficial to the rest of the trading community. This is sharing knowledge that can help a trader better themselves.
  6. HarryPotter
    I think that we should accept the loss if we lose money and it is a well know fact that there is no risk to eliminate the risk every business have its own risk and in the same way forex also have a very high risk and I don't think there is no way to over come risk except a good practice that will not take you to the risky situations.
  7. HarryPotter
    Aside that the forex robots are really expensive, we cannot also learn on how to trade on our own. But the thing is, I know experts in trading that still use robots in trading, I just wonder why they are still using when in fact they know the disadvantage.
  8. HarryPotter
    Well, when trading using virtual money we play it like a game and no sentiments are involved, Further when a trade ends with loss we can simply open another bigger trade and cover up losses, while about doing same with real account we have to think many times as real money is involved.
  9. HarryPotter
    For me I see no reason why forex cannot be used as a full time job. So far the individual knows ways he or she could be benefiting or let me better say earning big from it then why shouldn't he or she make it a full time thing. Forex is interesting for those who know it is. There are some people making profits that even their jobs cannot give to them. I think making it a full time job might not be advisable to newbie.
  10. HarryPotter
    How you going to be creative with that talent is your self upbringing. So in short we are all already given talents and its up to use to use that talent properly or try to use that talent or not. Because in the end if we going to loss money in forex or make money in forex it’s all because of our decision and not because of God intervention.
  11. HarryPotter
    I do spend a few hours looking at the price movement to get some signals to trade. However, I don't spend much time looking at the markets as the strategy I follow is simple. I just take a position, set the SL and TP and leave it until it hits any one of these.
  12. HarryPotter
    Well, actually luck is not what we have to employ into our trade if luck can come in here let it just be that the luck just come but not as a result of our own expectation yes luck is a natural thing it come at anytime in forex but that should not stop us from learning.
  13. HarryPotter
    Well, the human thinking is very common and no one will be satisfied with what they get and they want more and more so most of them will be not satisfied with what they get. For example we take that if we earn $50 in a day and next time we will be targeting for more but not less. And in the way we want more every time but not less.
  14. HarryPotter
    Well, we can use compounding when you we a good strategy and skilled trader. Compounding is not advisable for a newbie to compound because the higher the capital the higher the losses will be. But also the higher the capital the higher the profit will be.
  15. HarryPotter
    Demo contest also good place since we can feel the real pressure how to compete with other traders. The atmosphere in demo contest is maybe same like if we are trading in real account too. But to win a demo contest is not easy for sure since there are some traders that able to get 1000 pips or more in a week. And even though I don't know what method they use.
  16. HarryPotter
    I see that the forex business is very risky. So you should still be accompanied with another work that certainly income (monthly obvious). I heard that there are indeed people who are successful and make forex as main income, but to be as they certainly need process.
  17. HarryPotter
    The good trader always sticks with their plan or rule but great trader knows when to break it. The market is very dynamic and all plan and rules maybe not suitable with all of market conditions. But by stick with the plan or rule, traders will always know that their loss still under control. And if you are great trader, you will not always stick with your plan or rule because you able to follow the market dynamicity.
  18. HarryPotter
    Earning by trading is not hard, though it might come hard at first when one just started trading but as time goes and if one is determine as a trader to give it all it take to understand how the market trend and understand why the market go in it direction, then I guess it only a matter of time before trading will become easier.
  19. HarryPotter
    The simplest way to earn money in forex is by earning good amount of money in demo account first. Because if you don' earn virtual money in demo account then what or how do you expect to make profit in real account? I really do like to see you earn good amount of money in demo account first before you try in real account.
  20. HarryPotter
    To trade on daily basis is not a must in forex there are a few of those traders who trade on weekly, monthly or even yearly basis. The good thing about this market is that our position never expires and we can allow our position to run for as much time as we want. However, the only condition can cause our positions to get automatically closed is when there is no funds in our account to trade.
  21. HarryPotter
    If you don't know how to trade it does not mean what you are doing is gambling. In fact if you don't know how to trade and still open a position what you are doing is not gambling but stupidly. Because even gamblers do use skills and do use analysis likes the odds of making profit and odds of losing.
  22. HarryPotter
    For me, I am not sure of other currency pairs because i mostly trade with EUR/USD pair and some time gold and other than that i have never traded any currency pairs till now. Most of them say that eur/usd is one of the best currency pair to make huge profits. And most of the times got profit not loss.
  23. HarryPotter
    It's known that the initial capital varies from trader to trader. If you are a professional trader and looking to earn you living out of forex trading, then $1000 or more should be reserved for trading while the newbie who are looking to start off in forex can start off with as low as $10 in forex.
  24. HarryPotter
    Nowadays you can note that there are some traders don't understand how to use your dealing platform, this is another one that many investors create and it expenditures them cash. Take a while and exercise with the foundation before you business stay. Study the guide and analyze it well. Then begin with a little consideration and develop believe in the foundation and encounter using it.
  25. HarryPotter
    I would simple choose manual trading because even if we make mistakes in manual trading, that will be our experience and which will benefit us in future trading but with robot you are getting zero experience. But if we trade through robot and we watch what this robot doing then surely will get some experience but for this we need to stay with robot. Anyway it’s better to trade manually to get experience and our future.
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