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rizwanramzan

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Posts posted by rizwanramzan

  1. Every newbie trader has to face this problem. The trader has to avoid this situation by having a calm mind. It can also be avoided by working on demo accounts for a few months. So that the fear in the traders mind will be gone. Then he/she can trade again without any fear and get profit.

  2. I have personally never used a bot for trading in forex. Also I never recommend it to any newbie trader. There are many disadvantages of using them. One of the major disadvantage is that we cannot trust the robot. It could lead us to lose all of our funds in the trading account. Hence we should never think of using a forex robot.

  3. Yes having a plan for trading in forex market can be very helpful for traders. Hence I always recommend every newbie trader to have a plan to follow and get success. The traders must make a plan about their investment and the amount of profit they must earn in a day. So that they could avoid huge losses in this market.

  4. I personally prefer live mentor for every newbie trader. We can get to know our mistakes in our trades. So that we can avoid them in future trades. However online mentors can also be helpful. They can answer all our questions and our problem is solved.

  5. I think for a newbie trader, it's not good to trade a large amount of money daily. In forex trading newbie traders must start by investing small amount of money and earning profit by them. After they become well experienced and have good knowledge about forex market. Then the trader can think of investing large amount of money.

  6. I don't think that it's a good idea to use auto trading sites. I have personally never seen any auto-trading services providing site. However I have heard many people talking about forex bots. These bots are being sold these days. It is said to be that the bots can trade on your behalf and earn profit. But I never suggest to work with such bots.

  7. Long term trading is quite beneficial for newbie traders. It can be helpful for them in maintaining loss in their business. Hence a newbie traders must always rely on long term trades as compared to short one. In this way they can earn a reasonable amount of profit from this business.

  8. According to me in some cases talent is god gifted. But if we talk about talent of trading forex, then I must say that some people get talent by their effort. I have seen many traders who don't have any idea about forex market, but they struggle for learning about it and become successful.

  9. Skrill/Moneybookers is a good e-currency wallet. I have a lot of my funds deposited in my skrill account. The best thing about it is there is a small transaction fee for every transaction. Also the transaction to merchants are without any fees. But the main defect of this payment processor is they don't have an online support system. The only way to get to them is by means of ticket system, or by calling them directly.

  10. Dear Friends,

     

    I want a little help from you related to perfect money. Recently I got payments of 1,520 and 1,950 USD in my perfect money account. I was notified about the transaction by an email from perfect money. But when I logged into my account to see my deposited amount. There was nothing updated in my account balance. Here are the transaction details of those payments.

     

    The amount of 1,520 USD has been deposited to your Perfect Money account. Accounts: U8214738->U8723108. Memo: Withdrawal to User rizwanramzan.. Date: 08:52 16.03.15. Batch: 84044367.
     
     
    The amount of 1,950 USD has been deposited to your Perfect Money account. Accounts: U8214738->U8723108. Memo: API Payment. Withdraw to rizwanramzan . Date: 18:31 15.03.15. Batch: 84004615.
     
    Can Anyone tell me what should I do? How can I contact perfect money to get my funds. I have already submitted two support tickets. But there is no response till now. Is there any other method to contact perfect money?
  11. In my opinion we cannot fully eliminate risk in our trades. However we can reduce the amount of loss. This can be done by having good experience about this field. Also knowledge plays an important role in reducing loss in forex. The more experience a trader gains, the more it will be beneficial for him.

  12. I am currently working with MayZus which is a good forex broker. They have low spreads for almost every currency pairs. Also there are other features that attracted me towards this broker. They have a lot of deposit bonus programs. Also we can withdraw our funds anytime. It means if we have deposited 50$ for trading in our account. Afterwards we change our mind and want to withdraw our money back. Then we can easily do this without any trouble.

  13. Yeah! Demo accounts are the only way to get knowledge and experience about forex trading without any investment. Demo accounts are built especially for newbies in forex market. They help them to trade without investing even a single penny. Hence we can say that demo account is the first step a new trader must take. In order to achieve success in this market.

  14. In my opinion stock market is not a good choice for a newbie trader. Stock market requires a large amount of investment. However we can start forex trading with a little investment. There are many benefits of forex trading over stock market. In forex trading we can trade 24 hours a day without any restrictions. Also forex business is the biggest trading business in the world.

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