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HarryPotter

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  1. HarryPotter
    I think that demo account must be the first step for all new traders. Demo account is very important and must be assume as a live account, If we can than we can train our mentally to be discipline and patience. Also in demo account we can forward test our own trading system, so we can develop it into a profitable system. After that can be use in live account to make more profit.
  2. HarryPotter
    I like the idea of a demo account serving as an experiment. Depending on the outcome of that experiment, the trader will either try a real account or not. For traders who are able to manage the rather simple hurdles of the demo, then they can begin to scale through the more challenging hurdles of a live account.
  3. HarryPotter
    I believe that 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. After losing in real there is great effect and no doubt in may result in our future trade.
  4. HarryPotter
    Although of complexity, Currency dealing trading is very receiving out of. It is optional to open a Currency commerce trial account with any agent and plunge into the earth of exclusive commerce, which will turn out to be your education base for the after that more than a few months.
  5. HarryPotter
    The free bonuses are not easy to make profit with, most brokers adds condition to trade certain number of lots, some others have high fee on first withdrawal like if you got 25$ bonus you shall be charged 30$ fee on first withdraw, hence you profit only when you can make and withdraw more than the fee.
  6. HarryPotter
    Live mentor, Surly, online mentor maybe cheaper but surely will not have the same effect as that of a live mentor. You probably learn with the online mentor through IM or something else, that cannot compare to someone who is just by your side or in front of you, telling what to do.
  7. HarryPotter
    I don't have a problem with forex being regarded as an investment because by making profits you are getting a return on your investment into forex. Whichever way that one chooses to look at it though, it’s important that one is quite prepared for trading because to be successful you will have to be determined.
  8. HarryPotter
    Most of the Hyip sites are illegal ponzi schemes when some really doing very well from many days and giving interest to investor. But comparing with forex I also prefer forex when we ourselves managing our own money but for this we need learning and education and I think many people have no time and depending on hyips.
  9. HarryPotter
    There were many lessons we can have in the Forex forums it's obvious they are good also in demonstrating or showing us good signals and also their technical analysis. If ever they will also teach us those strategies although not all were monitored or been good strategies as no one can make it. Our skills enhanced by learning in the forums.
  10. HarryPotter
    Well, by the system it is easy to make money on forex trading. But, if we see in practice, it is not that easy, because we have to predict the price on the market. And we know the price is usually not the same and hard to predict in the market.
  11. HarryPotter
    I think that it is okay as we can trade at any time when the market is open, and we can spend our weekend to refresh our mind and evaluate our trading. And you're right and I think we should have real business too, because it's too risky if we just depend on our life from forex only.
  12. HarryPotter
    For sure there isn't, there is not a simple way to earn from forex because it's hard to learn forex. So you would need to learn quickly lot about Forex so that things would be simple for you. But if you don't learn well that even the simplest method can be difficult also for you.
  13. HarryPotter
    We should have trading plans in order to be a successful trader. I myself follow a few rules to keep my trading to a standard level. My plan is to have a strict money management policy and with taking a position for not more than 4-5 days. I also keep fixed SL and TP to keep my trades safe from big losses.
  14. HarryPotter
    I see that beginner or newbie should settle their trading method first before figuring out in which pair they will start trading. It will only give bad result if traders force to trading with many pair while the method they use is not basket trading. So, with many or single pair only basically which is depending on traders trading method.
  15. HarryPotter
    We have only compound a little of your profits if you really sure about position you want to open. But 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.
  16. HarryPotter
    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. Experience is something we get with the pass of time in this market whereas, trading on the basis of luck can be risky as trading is considered as a skill-based market.
  17. HarryPotter
    Well, it is human nature that we would try and get the most out of our investments in everything that we do so it’s not easy to be satisfied. This is why one needs to be disciplined enough to trade within acceptable parameters so that they don't end up being greedy.
  18. HarryPotter
    I spend on this is not more than two hours a day on average. The time I spend in forex trading will depend on my time and my interest to trade. Lately i have stopped doing live trading and just concentrate more in live trading. I prefer to do only three hour live trading at the most if there some important position is opened. I don't want to pressure myself in learning too fast.
  19. HarryPotter
    I think that it’s actually possible for someone to learn and actually become a good trader if they really put their minds to it. At the end of the day, it's all about how serious one is about trading and what they are prepared to do to ensure success. You really don't have to be born with the talent to be such a good trader.
  20. HarryPotter
    Well, I don't think relying on forex robots is worth anything rather they are just waste, it is more like letting a car run on road with out a driver, you can understand what may happen. Only those can make profit from EAs who understand well which strategies is to be used at which time and keep on selecting programs depending on relevant strategies still doing it yourself with experienced hands
  21. HarryPotter
    I think that Persistence really is a advantage. Of all forex dealing techniques, this last tip is one of the most essential. Never anticipate creating your cash all at once. Build it gradually over a large propagate, by using constant control,
  22. HarryPotter
    I think that not every one can find their offline mentor. So I will be happy if I can find at least online mentor. I used to have an online mentor but we have stopped this online mentoring so i am back to learning it myself.
  23. HarryPotter
    Well, I see that the best place to practice is at the demo account. I just hope that guys would be getting to understand that the demo would always remain at every point of time important that guys would be practicing.
  24. HarryPotter
    About my opinion, I prefer to combine long term trading and short term trading for different pairs. And to trade everyday I think depend on the person, some of them don't like to log in into their account everyday and trying to do some trading.
  25. HarryPotter
    The current forex trading business is one of the highly favored and benefits quickly and easily, but forex is actually very difficult to learn especially for beginners who want to jump in the forex world, if we are not half-heartedly studying forex managed to become a real trading, to be a true trader takes a very long time.
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