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onyx
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Everything posted by onyx
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What they have done good in these years is to provide clients with a personal account manager. This facility is provided by only good brokers and Mayzus has certainly move in elite brokers category.
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It is up to your trader what type of verification he requires from you .Almost all of them verify your identification and address .For this purpose they require phone No and address . It is quite safe to avoid scam traders so you have to provide these documents.
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Forex is for me because I like forex , I do work in forex trading this business works well for me. I do not get this level of success in a less time. If one is passionate to work in forex business it will prove a best business. All people are not easy with forex because this business is risky , we have to manage this risk with skill.
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I think they have improved much in recent years. I mean a regulated broker is good for safety of funds and then order execution is very fast. These things are common requirement for all the clients.
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I try to control my trading not loose my control as many traders are over confident think they will certainly win , they not do proper preparation. I always try to take less risk with analysis when open any position this controls my money well.
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There is no way to eliminate risk fully , the only way is to avoid trading . While we trade we have to take risk this may become a reward for us if we do good trading or we have to face certain loss in trading. You can however manage this risk in some extent.
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Yes it is good idea to start with low lot and low investment in real trading. It is not necessary to loose a much amount to get success , you can get experience of trading with low investment in micro accounts too. With passage of time your trading and skill will improve.
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How many lot size that you use in trading?
onyx replied to andry777's topic in Forex General Discussion
I use low lots in trading as 0.03 . I never used more than 0.05 per trade. As much you choose higher lot it uses more money as margin from your trading account. With an average investment this lot size is suitable for me . I can make reasonable profit with it if my analysis is good. -
Have a Look at Bonus 50 promo by Mayzus as expected, they give incentives to their clients. Now clients can get 100% tradable bonus with a deposit of $50 and get a mini package account with a total Equity of $100, which consists of $50 real money, and $50 credit.
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SECRETS TO SUCCESSFUL FOREX TRADING
onyx replied to smithlover84's topic in Forex General Discussion
Yes discipline and risk management techniques used in trading really works. it is a secrete how a trader use this while trading . His own experience and skill involves to make trading a disciplined and planned business. Follow some rules and see what market is doing this time , it is a best way of trading. -
The biggest reality about forex is its risk , we can not get rid of risk . We have to face it manage it and plan it before how had to deal with it. Many of the beginners are looser they learn the art of win after some experience. There is not money making machine on forex trading only your ability is the way of earning.
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I am seeing on their site some changes are done and it is looking better now. You can see they are 7 years in this industry and have improved much. I guess they will keep growing like this and provide more opportunity for traders.
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loosing too much trades in a single day is really a painful for a trader. You should not over trading , after loosing some trades one should not trade again . wait for next time after some days with a new passion. Now try to recover loss with slow strategy and see your mistakes first . You can get more practice on demo for this purpose.
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One good thing about Mayzus is their support toward clients. They provide satisfactory feedback, comments or enquiries from clients. You can visit our offices in person, contact us by phone, email or via LiveChat on the website. They have multilingual team working with clients from over 150 countries worldwide.
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I think long term trading needs specific skill o do .Newbie can not cope with it . They have to learn the art for long term trading. How to plan , how to wait for particular time and skill to manage trades in market . After some experience of trading they will be able to manage their plan either long term is better for them or short term.
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Mayzus has informed about the changes in the trading schedule due to the US Thanksgiving holiday. The following changes apply for the trading instruments listed below: WORKING HOURS 26.11.15 Metals Early close 20:00 Oil Early close 19:45 NKY, SPX,NQ,YM Early close 20:00 CFD Closed Futures Closed 27.11.15 Metals Early close 20:45 Oil Early close 20:30 NKY, SPX,NQ,YM Early Close 20:15 CFD Early close 20:00 Futures Early close 20:00 All times GMT + 2
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In micro accounts you should invest as $10 to $50, It is enough amount . the can get better idea either they can manage this amount or not. If they get profits they can increase their capital as much they want. High amounts in start of trading is not advised to remain secure from high risks of forex business.
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It is not necessary rule that when we win it is due to any loss of others. It is reality that at the same time many of us are getting profit and many face loss. Ups and downs of trading has to face for every trader. We loose or get profit as per our abilities. No body is responsible for it . We should not wait for anyone's loss for profit taking.
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I was having a look at Mayzus website and found that they have Mayzus Quick Card. The MAYZUS Quick Card presents no risk of overdraft or expensive fees. No opening and service fees and it is Globbaly accepted and can be used at any ATM having Mastercard sign.
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Prediction does not means that we can predict right always. It is just an estimation about market next movement .It can be in our side or totally different as we think. That is why we need a risk management ability so that it can work in bad market situation as our prediction is wrong . Market moves against it we can manage trading with this skill.
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I do not get help from live or online mentor. I did all trading on my self efforts. First read about forex trading join different forums for information. Demo trading is my teacher in forex. It tell me all details f trading . I did mistakes review my performance again and again then I came to know real way of trading . I learn risk management techniques and usage of other trading tools with my hard work.
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My first thinking was not good about forex. I thought it would be a much difficult involving high investment business. When I read about it and trade on demo. It changed my idea , I was then ready to invest my saving in forex . I came to know it is a good side business for every one that can do any time when you want.
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I have seen many of traders prefer to use STP account offered by Mayzus as there is variety of this type of account. There is another one that is Currenx Account and it looks great and many Pro traders will be interested in trading with it.
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Little profit ...Would you accept it from forex trading???
onyx replied to showrov1993's topic in Forex General Discussion
It is traders ability how he sets Tp or SL in trading if he is a good analyser before start trading he can manage higher SL , In scalping usually we have to gain quick and small profits. I think good scalpers not loose much . They open position on right time for this strategy . I will certainly accept low profits it is better than loose much in trading. -
I was following Mayzus new Contest of Scalping Wars and noted that they had given prizes for 3rd time yesterday and users are showing good interest in it. The good thing is that these are normal users and you don't have to be a Pro to win this contest.