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But if you have quite big amount of money you still can start to mine the market by buy around 100 Nvidia GPUs or AMD GPUs or even the combination of both. Start mine and i am sure you will get considerable amount of money, when i said about those GPU i mean the strongest and the latest one. If you don't maybe you can get more by rent somebody to do that?

BTC is not 100% safe, also it is not anonymous. What makes it better because it doesn't have anyone control it, which is partly lie because there are some big things inside that become the power behind BTC, like those big exchangers, what i see right now BTC more like federalized currency, not really decentralized like what the creator want it.

I heard that is open for 24 * 7 means that every single day you can trade your bitcoin, but BTC is divided about this case some people want to use it as medium as exchange while the others are not. Satoshi the creator also don't showing up to solve this issue, but if it is practically and taxable it would be good since we can trade for 24 hours.

Because i think that there are a lot of people out there who think that ethereum is a payment gateway not the currency like BTC. Even actually i must admit that both are cryptocurrency like. Ethereum has better feature overall, but it seems they are too late into the party and i think $1000 is the highest they can be.

Making profit in the forex market is not easy. Even for the highly experienced trader it is difficult to predict things accurately. And consistent profit comes after that. So it is nowhere near easy.

Actually i agree that is not that easy for traders. So, this is why risk management plays important part for traders. Consistent profit requires a good risk management, because we never be able to always make profit daily or weekly, there must be at least once where we lose more rather than what we get from our trading. 

But is it everyone's piece of cake? The possibilities compounding shows is great and appealing but traders who think about using compounding in their trading should have a higher winning rate and a good risk reward ratio. Then they can take full advantage of it. For me it is not a thing at the moment.

I agree with you, all must be prepared in the end. But if your strategy which you are using at the moment is pretty good enough then you shouldn't worry about compounding, and this way has been used by a lot of traders around the world to increase their potential to expand their profit base more.

for that we must learn and understand in order to understand all the facilities properly to generate big profits and of course it makes us more menguntunng

Do you think that is so easy? I mean even with your yearly understanding it still a challenge to make daily profit especially if your  target is hundred pips, but if that is just like 20 or 30 pips i think you can get it just in one day even i am not really sure that will happen.

I don't encourage daily profit targets. Perhaps some people can achieve it but it is extremely difficult to make profit everyday. There may be few strategies out there which can do such thing but most can not achieve daily profit.

Same here, it is better to think like weekly profit or monthly profit which is more spacious compared to tight daily profit. It is also tedious job for us. Unless we work on big trading company i think that is possible to get daily profit, but even for daily traded company they still suffer some losses and cannot make profit daily too.

Trading via mobile phone is good for some traders, i tried it few times and don't see any reason why we shouldn't use it but the problem maybe is the internet connection. If you are someone who don't have time to trade in desktop aka mobile person, then trading through iphone or android are better options.

Long Term trading for new traders? That is possible but hard to do since mostly new traders want fast result which they can see and this is something you cannot achieve with long term strategy such as turtle trading or even swing especially the big swing. I think the end result is very rewarding for them.

Not all newbies can do a long term trading strategy, i think this kind of strategy is good for traders with better ability to control their emotions and want higher profit compared to scalping strategy which just need small amount pips, compared to long term trading such as turtle trading where its pips around hundreds to thousands.

Robot vs Manual trading is endless debate. Manual trading is better in some cases while robot also better than some cases. Robot is automatic based trading but with some rules applied that may invoked depend on the condition but up to now i see that manual trading still okay and many traders use including me.

This is what we called as generalization of foreign exchange, well it is true to certain extent that foreign exchange is a risky business but not as risky as you think especially if you know how to handle the risk by trade at the right time and with the right amount plus right SL and TP ratio.

To earn money in forex you must know the risk so you don't have to complaint about that. It is not easy especially during uncertain times such as nowadays. Considering the fact that more people come into this field and try to speculate makes the market more complex rather than before.

 

I agree with that, and indeed it needs a long process, a trader must really learn and try well in order to understand the risks properly and able to run it properly so it is more profitable

 

I don't know if that is a long process, but this kind of understanding is not common. Most traders and forex motivator said the more is better for us. I think what thread starter want to say here it is better to worry rather than sorry. So he/she approach it with a very careful approach before open a position.

of course all that requires a good process to facilitate trading more understand and indeed to run a large trading it will make us more understandable and profitable

Yes the process is not that easy and also pretty much hard, and not all of us could make daily consistent profit especially in with bigger pips as our target. Also one thing that we need to know is that how to manage the risk which increase exponentially with this kind of target(daily profit).

Discipline is what makes a trader to be a good trader, without discipline a trader would be newbie forever and this is not good for our future career as fx trader. So it is important to build our discipline into higher height and become a better trader that would reap more profits.

Well there are many retail traders who are making more than that. They have a established trading method and large capital. So they can earn that much. For me it is still far away from my expectations. lol But someday may be I will be able to do that. But I won't expect to make it daily. May be weekly.

I think to have an income of thousands of dollars per day takes an extra effort and also a considerable amount of capital. Other than that the strategy to be applied should be able to provide profit with a fairly high ratio and lower error rate.

for that a trader must learn and try to understand how it works to be easily profitable, we can often learn and try well then we must always run it as well as possible

I think i've said these things before, but flexibility of foreign exchange is better than other businesses i've ever met so far. FX also has bigger turnover which makes me want to stay here trying to take few bits percentage from those total turnover. Forex also has low barrier thanks to leverage.

Forex is not gambling unless you don't know how to trade or don't have a good strategy, first get a strategy, then have  a good broker. There are several brokers out there, brokers such as freshforex are known for their reputation. Strategy, then a good broker.

Yes i do agree about strategy/ technique first before than a good broker, you need to find the most suitable first and then find a good broker, and the one which i can recommend is the one that regulated by CFTC or FCA or FINMA. Forex is not gambling if we trade properly even in fact we speculate that is not just by guessing but by solid hard evidence.

the management of our capital in trading must really we understand to be able to understand and learn our work path more successful, and indeed it is one way that will help us become one trader that minimizes the risks so that we can earn profits well

It seems that you are totally out of the topic in this case. In order to be a successful trader i think we need that but in here we talk about the "less is more in forex trading". It is true to certain extent, i mean if you can double your profit with very low risk, why not? But it is better to think your loss first before start to jump into action.