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myregister
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Everything posted by myregister
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Smart work? well what did you mean here? Forex is neutral things you can treat it as a business which require hard work, but once again all this things are depend on your skills too. Trading becomes easier if you have the skill and knowledge that is qualified.
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Swordfish or Jforex also beautifully useful and good especially for someone who want to search for Direct Access to the liquiditor so it offers more transparancy for you. MT4 is common and MT5 is getting closer to it now. But it seems that there are more properiatry platform that we still can use.
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Do you think compounding is important?
myregister replied to andry777's topic in Forex General Discussion
Important or not depends on the trader's own, I also think at a particular stage compounding can serve as a starting point to increase the amount of equity you have. So far I still do compounding, but I did it once i already reached total BEP by 75%. -
It seems that thread starter does not mention about Luck vs Education and Experience but this is deatmatch between those 3 not 1 vs 2. To me only education and experience that really important, i cannot make a match between them, as for luck that has lesser importance, and i don't depend on it for whole my trading.
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Is it easy to earn money in forex?
myregister replied to lollabun's topic in Forex General Discussion
Easy? LOL, this is not easy nor is something that is very difficult to be done. I see forex as a business with a degree of difficulty are though to be honest we have to bear the risk that is very heavy. However there are some tips that can make forex turn into business that has high risk. -
Really important for whole traders from over the world, concetration not only help us to reduce more risk but also helps us to become a better trader, making analyzation easier compared to before, this is why we need more concetration , and with one distraction only analyzation wouldn't bring benefit.
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Thanks for nowadays broker that offers free demo account for their clients, and to be honest this way is more effective to prove if one broker is good or not. Also this is a great tool for a broker when it comes to promote their own broker.
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We can say something like that and actually true, i never see any successful trader that never loss. But this is not a reason that we can do it intentionally, because that is just a foolish thing to do. Take a risk intelligently does not mean we will never suffer loss but we can reduce loss with this way.
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It seems like that with more than 1 billion people live in China, i am sure that there are at least one pecent people that trade there as forex trader. Even they trade with using EUR, USD or even JPY but the amount of money that traded is big enough compared to the most of countries.
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That is right you don't have to worry but this is newbie not experienced one, can you give guarantee that newbie has bigger capital to hold the floating position for long time?, I don't know if there is any guarantee like that but if a newbie want to try long term, they must prepare a good mental and of course bigger capital if they can.
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So that is why it is important to learn it before and if you can memorize the name, so when you are coming up with it then you won't have much issue with this thing later. There are a lot of sites that offers something like that so you don't have to worry about that.
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What do you think about free deposit from broker promotion?
myregister replied to kaito kid's topic in Forex Newbies
But in here we are talking about free deposit isn't it? And also that is not free deposit if we use it in demo account. That free deposit is for real account to sustain newbies or even experts or anyone who don't want to spend any single bucks from their own pocket. Good for newbie, but it is depend on the view of experienced trader to see this good or bad. -
Importance of Demo Account/virtual account in Forex
myregister replied to abdulla1's topic in Forex Newbies
And what is the connection between that and demo account? Actually if we look closer that demo account has everything that real account has except the real money. In demo account we can try anything and even got MC but still all the money just virtual one so we don't have to worry and this is what makes Demo account as a good place for new traders even for expert too. -
There is something like that too, but using leverage there could be considered as offshore. But thanks to leverage even means the risk is increasing but still helpful so trader who does not have much capital can trade with the bigger lot size.
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This is representation of human, as someone who struggling trying to protect something. I think this is normal and already become our nature. Fear factor like losing small or bigger money become a common sight in the business with high risk such as forex.
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Nah, not all of them that work like that, if you check your robot it seems that their strategy that does not work well or you simply activate it in the wrong time, the latest robot that i am using are using martingale strategy and very good with traders who are using bigger capital.
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Why not? This an useful feature that you may never got in the other place, beside you can reap more profit with it and reduce the risk well especially if you combined it with Take Profit, also this tools has been used by a lot of forex trader.
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I think this is not about satisfaction, i actually does not understand what TS means by this but if i can assume this thing, it seems that TS seems satisfy with his nano/small account to trade and gain significant income from it. I could said it is confidence which i hope does not turn into over one, since confidence helps traders to sustain their performance.
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Well it seems that you are really addicted to forex or it is just another simple dream which doest not related to your addiction. That is just your past that mix with the other past and you carry it unconsciously into your dreams, i think that is not even matter to me also as long as you still motivated that is the big deal here.
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Actually a good broker or broker that claim they are one of the best broker around the world should have a good infrastucture to support all kind of legal action from their client including scalping. If they don't it is fraud to the client. So if your broker cannot accept scalping then you should questioning their credibility, since you did legal thing and not hacking.
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Yes, i do agree with you, dream big is easy to do, but the big work is not an easy thing to be done. most traders can only dream, only a few are able to take an action. I think to get stable earning also need more than just a will, it is hard thing and i think could be achieved if our target is low maybe just 10-20 pips.
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Mixing up your trading with emotion is not really bad but just know when is the right time you should do that. Being greedy at the right time means that you could reap more profit, with let that emotion to guided you not overwhelm, i am sure you will be able to make profit. I often did it, like setting up at higher TP if i enter the market early.
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Even also it fetches us some good stream of income we still can do that as part time job. Forex does not want you to stay in front of your computer for so many hours, you can just point a right time to trade for example only during Opening up the middle session of NY session. With that you don't have to trade and still be able to fetch good stream of income.
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It is flexibility that mobile phone has, A thing that can not be granted by the PC so that traders can trade anywhere and anytime they all want to trade. In addition to the mobile trading a trader does not need to turn off the device which proven to be useful for traders who want fast access.
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I also trying to improve my skills so i can reduce my loss rate, but i think with keep making profit we can make living from forex no matter what,traders will be able to sustain their life thus giving them more chance to have better standard life. So the key is profit to make a living in this kind of business like forex.