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bigxy

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Posts posted by bigxy

  1. Before start working in Forex, newbie should learn Forex and Trading basic concepts with babypips and then use them with any demo accounts to practice what they learn.

     

    Babypips school is no doubt the best place to learn the basics of forex trading and yes you are right, demo accounts are also good place to learn forex processes more easily than any other method.

  2. Forex trading may seems easier but earning money from it by trading requires certain skills so better to learn them before starting trading live otherwise all the capital will be lost during testing the broker processes. So it is advised to trade on a demo account for a couple of months before switching to live trading accounts.

  3. Yes in fact forex trading is risky and forex market full uncertainty, when trader facing with successive loses hence better they stop trade first or back to account demo, facing successive loses is not good for emotion and trader need control emotion properly, if we can making good trading result hence we can easily to increasing money

     

    Losses are inevitable so if a bad day occurs it is better if traders should stop trading and take some time thinking about the reasons for such losses, learn from those mistakes and avoid repeating them in future.

  4. Yes we need learn to keep discipline in our trading, maybe forex trading is will higher risk if trader always reckless in tradiing and often violating rules money management, we need to understand if forex trading is not easy way to get rich at short time and we need to learn with practice and from experience we will get valuable lesson for us

     

    We better learn forex trading and then focus building an appropriate strategy and a proper trade management plan, once enter in trading then stick with the rules and trade plan.

  5. I think trading manually also have weakness also, might about emotion which will hard to become stable emotion, because as human nature which they having emotion on trading,and trading with robot one advantage can more discipline, but also dependiing with robot setup, many trader also fail and margin call when using robot

     

    I guess both of these types have certain pros and cons but we should evaluate which suits best to our needs. EAs on the other hands require monitoring as well during the news release or high volatile market so better to read their manual before applying them to the live trading account.

  6. Actually these forex brokers are present online and many of us are afraid from investing in online because most of traders got scammed by investing in different online avenues that promises of getting being rich right after investing with them. But the situation is different on the contrary, as many such online programs ends up taking investors money however i have experienced that trading forex with a decent broker can only be a legitimate business which is available online.

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