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HarryPotter

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  1. HarryPotter
    Indeed Forex is only gambling to all of those newbie who does not do any analysis. But if you do analysis you will not going to thing that what you are doing is gambling. In fact forex trading is really a good way to earn money if you just know what to do next. I'm happy that some how I'm earning in forex trading.
  2. HarryPotter
    Sincerely without risk we wouldn't have been seeing great forex experts today. Risk is something we need to accept in order to gain profits we aim for. Jut think that if we have profit there will be always losses and losses is always has the risks involved. So, traders should not think of totally eliminate risks in trading as obviously there's no such. What we can do is to have here risk management.
  3. HarryPotter
    The future companies can be able to trade forex full-time and you are correct in that there are those are rightfully doing so. It just would not be the ideal situation for me because I would personally like to trade forex on a part-time basis and still get to maintain different sources of earnings aside of forex to diversify.
  4. HarryPotter
    Most people can trade better in demo account than in real market. It is emotion that plays here. When using demo account you don't need to worry to loss money but with real account you can't make mistake because it can make you lose money. So if someone still can handle how to manage emotions I suggest not starting a real account.
  5. HarryPotter
    Well, actually Hyip is more risky. Because we are not in control of our investment once we deposited our money in Hyip. But forex is quite risky too but we can minimize our risk significantly and can earn well. But there are some scam brokers also. So you have to choose brokers carefully also.
  6. HarryPotter
    Just for attraction and potential of new forex traders. And it's more often to be used also as a way to promote their forex broker. This is a great strategy but then, its not really give them reputation for a long run as these offers for newbie have conditions that need to meet in order to withdraw or to trade.
  7. HarryPotter
    I don't think so, we don't need to lose to learn but it's too difficult not to lose any thing at all. Especially when you are learning things in forex that we were just too careless and too much in a hurry to learn things that's why we open ourselves to losses early on. But it does not have to be that way though.
  8. HarryPotter
    If the beginner already knows the features on his terminal and knows what they are used for, may be he can try a robot since he will be better able to control it. However, since most beginners merely are making their first steps, then they should rather learn than command a robot to carry their orders.
  9. HarryPotter
    Most of newbie do not even have a dealing plan. I truly cannot comprehend why investors just leap into dealing without having a strategy. If you never have a strategy, you are preparing to fall short. Also do not have establishing goals, in each strategy you should have dealing objectives, maybe to begin the objective will be to following your strategy. Or perhaps a revenue objective, one factor keeps it within arrive at.
  10. HarryPotter
    Well, demo and real only different in we didn't get emotions when trading in demo account and we can't withdraw our profit in demo account. Maybe we can get money if win in demo account but we must follow contest accounts. In real we get pressure because we using real money and if we loss we can loss our money and it make many trader fail in real.
  11. HarryPotter
    Well, demo accounts are primarily used to improve the trader's skills. We all learn from trial and error. Trying new strategies in demo accounts can avoid losing money. Personally I am enjoying trying out new stuff with the demo account. Even if you blow up your account it will not matter at all.
  12. HarryPotter
    Some brokers give you bonus just to try their service not to make money with it. If you want to gain big profits, then you must deposit with your own money. With your own investment you can plan to get how much profits per day you want and it is not waste time to get a big profits.
  13. HarryPotter
    Of course, forex forum can improve your trading skills in a tremendous way, because forex forum is meant to discuss about forex trading as well as many experts also comes there to share their's as well, so one can learn much in forex forum. But still you have also to practice more to be an expert.
  14. HarryPotter
    I would just to say that, to make profits in forex you don't need a big investment. You can open micro account/ cents account in which you can trade for cents. So that way you can start with a small investment. But your profits and depends on pip and the lot size you will earn less than a big investment.
  15. HarryPotter
    Well, I do think trading one or two would be more than enough. I don't see the point in trading with so many pairs even if you are a good trader already. And much so if you are a beginner only, better choose one currency till you are good enough to add more currency or to change currency.
  16. HarryPotter
    Actually in forex we learn strategies which we don't learn in gambling. But forex is more like a business than a gambling. And so Forex is recognized as legal which gambling may not be depending in your place you are at.
  17. HarryPotter
    I think that it is a personal choice and also depends on what time you have at your disposal to do forex trading. Of course when you do it everyday you are better positioned to gain more since you spend more time trading and with that come experience.
  18. HarryPotter
    I think that the simplest way to earn in forex is put your money in some fund and let a money manager who is expert in Forex, manage it. Let him/her get some percentage of the profit, I guess he/she will not refuse an offer like that.
  19. HarryPotter
    Well, earning money in forex is not easy but requires dedication and efforts. If it was easier than instead of only 10% winners there would be the rest winners in this market. Forex requires much learning and experience to get succeed.
  20. HarryPotter
    In fact it can be a blessing if we are going to know the successful trading strategies of experienced traders. We just have to copy this and we are on our way to earning substantially. However, if we can not get these strategies, better for us to construct our own plan and strategies.
  21. HarryPotter
    Of course can but not at all. Trading as long as we can have a stable and sufficient income to our live forex and can continue to continue his income from our trading system, that sure just for those who are expert with trading.
  22. HarryPotter
    Practicing is very useful, while practicing we may be trying different techniques and so may make losing trades most likely, and for that reason demo accounts are best way to make practice until you get confidence enough to trade on real account.
  23. HarryPotter
    Actually I believe that trading forex is more of a science than an art. It is in the arts that talents are abundantly relevant. But in science, you must gradually learn your way up till you master all that you need to master. As a result, one can not say that forex trading is a talent from birth.
  24. HarryPotter
    I think if you don't have much spare time to trade, it good to trade with long term, even though mostly used by expert trader, but often the profit is good too. If we only have special time to trade yea scalping is the best choose.
  25. HarryPotter
    I see that Luck only plays small role in trading actually. Luck should not be at the topmost in these three matters being talked about in this thread. A trader should place education and experience first and luck will come naturally. A real trader doesn't depend in "Luck" but in skill and experience in forex. If trader depend in "Luck" then probably that may be called as gambling.
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