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Norm O'Neill

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Everything posted by Norm O'Neill

  1. Leverage is basically sort of a loan that we don’t need to pay, so even if we are making low investment, it’s still possible to work with higher amount in a way of working. This is what makes Forex so good and popular, if you take out the leverage part from Forex than it’s not all that great at all. So, it’s really important that we use leverage wisely because it makes all so much difference and will be the deciding factor in whether we are successful or not. I operate with 1:500 leverage with OctaFX broker which is highest and is very handy to allow me to work smoothly even with low amount, so that really helps me succeed and perform nicely.
  2. I don’t think the comparison is exactly right because Forex is just too good and too big for it to be compared with anything else. I believe it will be sensible enough that we don’t do comparison and do what we like more. I can never consider anything to level Forex is, at least personally. I have been doing trading for last 8 years and I just love it in so many ways! I enjoy it even more thanks to broker like OctaFX which is special by all class and reasons with been regulated plus a worldwide recognized company servicing in over 170 countries in the world while also have got solid cash back where we get 50% on all trading orders which is even with the losing trades too.
  3. Although, it’s fair that long term trading is better for all involved because it’s less risky and also easier to manage as well. However, it’s wrong to think that we can’t succeed with scalping, if we are truly good as trader then technique shouldn’t be any issue because real traders don’t worry about which technique they use. I too don’t worry about scalping or long term trading. I believe it should be all about the situation and we should only trade what’s profitable at the given time. I love to do both accordingly and thanks to OctaFX broker, I find it relatively easier with their lowest possible spread at 0.1 pips while there is also massive cash back that further helps me.
  4. I am no master, so obviously I won’t say I have complete control over proceeding but still I do believe that I have enough to be able to make good profits regularly. This is not something you can get overnight, it has to be build up through years and years of experience and only then we will be able to handle things easily and in our favor. I am able to do it alright thanks to OctaFX broker and their marvelous demo contest like Southampton Supreme, it’s just stunning with having unlimited prizes to be won and the best part is the unique concept that’s here been just 90 minutes, it’s simply awesome and perhaps the best way one can work out everything.
  5. I started quite early because I thought it’s better to do both side by side instead of focusing on just one. However, I quickly left real trading or better to say I stopped. I didn’t lose massively but I found something that was best way forward for me and that was demo contest. It’s especially with OctaFX broker with their unique and amazing demo contest like Southampton Supreme, it’s just too good. The concept of this contest is just stunning, to say the least. The best part is the unlimited prizes to be won while I can participate on this every single week (Monday), it’s so nice and with this, it’s not boring to learn and no need for real account either too early.
  6. It will be wrong thinking if we say that trading can be done without losing because it’s just not possible and I feel it’s embarrassing when people talk about it when it’s clearly incorrect. It just put newbies in wrong mindset because losses are common and should be taken openly, but if we think about 100% success rate then we will always have ego issues and due to that we not be able to accept or learn from mistakes. I never like that sort of attitude. I always believe we need to be ready to face losses and we must grow from it. I always have great support from my broker OctaFX using their epic rebate program where I get 50% back on all trades, so it comes very nicely for me in terms of covering for losses.
  7. I don’t think it’s anything new or unique to hear about people been scared with making investment because it’s just general thing that is going to be there with everyone who is starting up here. I truly believe that if we want to avoid or drop out on this fear over investment then we need to learn trading in proper way. When we learn how to do it then we will not fear investing. I never really fear it because I know trading pretty well been doing it for last 6- years. The greatest strength over last 3 years for me has been OctaFX, its wonderful company having 50% bonus on deposit, so that is meant to create tension free thing and makes me enjoy it all.
  8. It’s fairly obvious that broker earns money through charging spreads/commission or swap, but all these ways are genuine and obvious one. If you are with wrong broker namely Bucket shops than they earn by fooling you (clients) around and stealing the money by manipulation and all those sort of dirty tactics. So, it’s vital we work with broker that’s reputed and reliable and don’t try to steal from us instead have genuine and honest ways to earn. I go for OctaFX broker and they are very honest and straight forward with charging low spreads from 0.1 pips to offering swap free account plus also not charging commission for money transactions which also are instant which makes it so much better.
  9. I just love demo contest, so the question is too easy for me. I believe the best way one learn and give better chance to succeed is through knowledge and learning properly, so we just need to make sure we work hard on getting that and rest of the things will automatically work out itself, but if we are not good at working that then we will struggle somewhat. However, I have no such issues as I obviously mentioned that I just love demo contest and when you participate there then we will obviously get plenty of practice and thanks to OctaFX broker, I am able to win big prizes too, so that really makes it up for me and helps big time.
  10. I am also working with OctaFX and if you try working with them, it will be easier to figure out that they have actually 0.1 pips starting point especially for pair’s like USD/JPY which I often use. As per 0 spread is concern then you live in dreams dude, it’s coming with massive commission, so how do you consider that to be beneficial? I believe stuff like Zero spread are suitable things for immature and kids because they don’t realize they are paying huge charges with thinking they are paying nothing. Anyway, I don’t fall for such trick and I prefer to stick with honest broker like OctaFX which keeps me relatively comfortable and relaxed with doing everything with ideal conditions.
  11. Forex trading is a sort of business that’s seriously good even if we take it as main job, I do it full time and thanks to OctaFX broker, I am able to get complete support and help, it comes through quality features and facilities present for me and that’s especially to do with the lowest possible spread available here which is just 0.1 pips for all major pairs while there is also massive rebate program where I get 50% back on all trading orders which is even with the losing trades too, so that’s why I find this incredibly good and that’s how I am able to perform so nicely and it’s something that leads me to great profits and that too with high level of consistency.
  12. I don’t like slippage whether it’s positive or negative, but mostly it’s coming negative only! I have switched so many brokers because of this issue, but fortunately now I am settled since last 3 years and that’s due to been joined under OctaFX broker. They are regulated plus a worldwide recognized with servicing in over 170 countries and growing, so it’s a pleasure to be joined here. I am not just getting great service but also getting advantages which are never found elsewhere especially to do with cTrader platform where there are no issues over slippage or spikes, so one can work with ease and confidence which helps bringing high profits amount of profits and most important factor is that I am absolutely comfortable.
  13. Yeah, I definitely try out my hands on demo contest because practice is absolutely necessary and needed, so if we are able to do it through stuff like demo contest than that’s absolutely terrific and makes huge difference to how we go about doing everything. Currently, I am regularly working on demo contest with OctaFX broker and that’s with their amazing cTrader and Champion demo contest, it’s extra ordinary with big prizes to be won, so that plays all very crucial role to how we work out everything and it really brings huge profits to the table for me while there is no fee or charges for participating on it which makes it all so much like able and easier.
  14. I don’t think anything is required to be said about real account as it’s obviously real, I mean surely no need to explain why that’s to do… I mean right? Anyway, it’s critical to understand the importance of demo account because that’s where everything plays out just right and only then we will be able to gain and will help us get enough profits. I am currently putting time into there regularly and the biggest reason behind this is OctaFX broker, it’s not to do with the ordinary demo account but this is to do with the mind blowing demo contest which is cTrader, it’s epic been weekly based yet got 400 dollar prize and they even have Champion demo contest which got even bigger prize up to 1000 USD, but it’s slightly longer!
  15. Forex is definitely risky but mostly this is to do with our fault and that’s through lack of knowledge and experience, it’s where all problem starts and we will never be able to work it out accurately. I am believe all this risk is decrease able, but only when we genuinely make effort for it instead of just worrying about everything. I have always set learning as my top priority and even on weekends, I am always going through my performance to understand about the mistakes I made so that’s how I am able to work it better. This helps a lot with broker of OctaFX’s caliber which is special by all routes and in just 4/5 years, they have won 16 awards which is simply stunning!
  16. No, I am sorry but risk can’t be entirely removed, if experts can’t do it then I don’t think we have chance either. However, I do get consistent profit myself, so I say it’s definitely possible. I am applying pretty straight forward method using Parabolic SAR and one of the most commonly used indicator MACD, it’s actually through this 5 Min Forex Scalping Strategy, it’s as simple as they come and making 10 – 15 pips is basically a cat walk for me!
  17. This is entirely to do with individual since if one has the capability then even few months could be enough while otherwise it could take pretty long, but the problem is no matter what no one is willing to wait for that long and that’s where things get ugly. I was similarly with starting real very quickly, but then I realized my mistake and when back to the drawing board and thanks to FXOpen, I was able to enjoy things especially using their promotion offers from here https://www.fxopen.com/en/bonuses-10/ including No Deposit Bonus, so all went nicely and today I have my own real account.
  18. Absolutely, it’s obvious that demo account is everyone’s first requirement, but this isn’t anyone’s first wish and that’s where it’s harder to manage, but thanks to demo contest options, it’s not much to worry for us with been able to participate on there and practice just like we normally do, but there is always extra motivation up there due to the prizes and when you connect it to broker like OctaFX which is offering unlimited prizes to be won with their Southampton Supreme demo contest, it’s amazing with been just 90 minutes happening every Monday, it’s so unique that you got to just love it and that’s where it’s amongst the best there is and something that helps us massively.
  19. Demo contest is something very special for beginners because that’s how we can practice yet not get bored, it is a big problem with many newbies that they often get bored with demo and that’s why they shift working into real, but thanks to this demo contest option, it’s now ever easier to learn and have chance to earn (win) prizes as well, it’s something very good and just what newbies wishes for especially like me. I get plenty of help with OctaFX broker since they are having plenty of demo contests like cTrader, Southampton and Champion, so it’s awesome to be part of their company and able to gain so much benefit especially in terms of prizes through these contests.
  20. It really depends on many things, if I am comfortable or confident then I definitely not mind trading 5 days a week, but if I am uncertain or if I see there is no good opportunity on display then I am very careful and might skip trading for 1-2 days or even whole week if necessary. Forex is such a wonderful business that we can always find good opportunity later, so we should not try to manufacture anything or else it will only make things complicated, I don’t do anything over the top because with broker like OctaFX, it’s ever easy to do with their tidy spreads, high leverage and many such features, it keeps me relaxed and comfortable with things.
  21. I don’t know what reasons other have, but my reason is just one and that’s to gain as much money as I can, I am doing it as my primary work, but it’s obviously very risky so that’s why we need to make sure we put our best effort and always make sure we do hard work because that’s the key to achieving success and profits, if we are able to do that correctly then we will be able to gain plenty of rewards. I always enjoy doing hard work and it helps me a lot with broker like OctaFX since they have epic conditions that help so much especially to do with tidy spread, high leverage and many such features like that.
  22. I have done both Forex and Stock trading, so I am absolutely aware of both of the work, I believe the biggest advantage Forex has is obviously been 24 hours on, so we can pick time that suits us instead of having to wake up early and do stock trading. Also, it’s about brokers that make maximum difference especially in terms of investments. I go with OctaFX broker where they have just 5 dollars minimum, so we can start with such low amount while there is also many other benefits like bonuses on deposit and all that, so that’s what really makes trading so much better while you can’t really ask for these sort of benefits from a Stock broker and that’s where things are so much different.
  23. It’s same like Squirrel Nuts for me, I too have learned most of the stuff from demo account and internet, I think now days we won’t really find anyone interested in teaching us unless we pay heavy price, but I am not able to afford it and there are many people like me, so that’s why learning by our self is better option to go with. I trade with OctaFX broker where I gain great support and that’s with their educational setup while there is also many demo contest available here where we can participate and not just gain experience (practice), but we can also gain prizes too, so that’s why it is so useful and helps in working for me.
  24. Francmorio, I think you might be drunk or something on those lines, I see FF got no demo contest, so you don’t even know it yourself how do we trust your words or basically take your words for it? I would never really trust someone like you who don’t even know things himself. Also, the link is not for any demo contest, but it refers to some bonus that claims to be trade able, but I hardly believe on it especially when people like you have put up. I go with OctaFX broker where there are plenty of demo contest available like Southampton Supreme which is just 90 minutes contest yet got unlimited prizes to be won, so that’s seriously helpful and allows us to work well.
  25. It’s not a bad idea, but one got to realize that Forex is optional thing and not everyone want to be a trader, so that’s why this could be optional with people who are interested should take it and one who are not interested can skip it, I don’t think it makes sense to force everyone into this, it’s a sort of business where only few can be successful, so it has to be one who are passionate and determined for it, but it won’t make much use to add people who are not dedicated. I love trading and thanks to OctaFX broker’s support, I am able to get plenty of education while also able to practice out things with demo contest that’s available especially with giant prizes to be won.
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