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bigxy
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Posts posted by bigxy
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Many people scared of investing in forex knowing that they won't get any good result from it and this is understandable since we know that foreign exchange is a risky business but above that all we should know that forex also could be a reliable business as long as we able to maintain the profit to its top by reduce the risk as much as we can.
Actually these are the traders who looses money in start and scared of investing further in forex trading, i guess they better let go off these losses and learn from their mistakes if they wishes to become successful in future.
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I trade using EA, so I let my EA doing my job
Anyone interesting follow PAMM account that trade automatic?
Even that EA requires monitoring during the news release as they are coded to follow technical analysis, IMO!
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Yup..! If this types of trading suits you then it is ok as long as it is yielding money but be careful though..
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Maybe it is good in short terms but might be riskier if it is done on longer terms so i guess its better not to rely on this martingale strategy or we will only regrets.
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I have never done that before but i guess that might worth reading.. BTW, which policy are we talking about!!
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I usually looks for those brokers who offer timely withdrawal of profit, easily execute the trading and most important, they charge low spreads too.
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I also suggest that while having a proper trade management plan and sticking to it also helps in reducing risks as well as trading with more limitations. It can also reduces the risk of over trading.
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With planning? Are you kidding me? $1000 is nearly impossible and even you can achieve that, how long can you endure it? Can you keep making $1000 daily? The answer is impossible. No one ever can survive to trade and make profit over and over again and never suffer a single or double stroke of loss.
I guess that $1000 hits once in a full moon and anyone trying to make this huge ROI while utilizing his full leverage may either blow the account with in no time. SO why not stick to small but consistent improvements in the earning graph!!
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in forex trading business is indeed a risk that must be noticed, the risk is not controlled then it will not be able to run trading, with that we also can be a way to practice in a demo account to maximize your preparation better trading skills that will be good also in the running trading
Trading is an art as how the successful trader manages the risks associated with their investments and yes, you are right! Demo account should be practiced whenever you get free time in order to become successful trader.
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I prefer sticking with forex trading as it can only be the legit businesses available online these days in my opinion.
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I remember a time when hotforex had some local webinars organized a year or so ago. i wasnt able to attend and i hope they do so again.
I really wish they could arrange a local webinar in my region so every one from our place should learn more about forex trading.
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Not every newbie take demo as serious as it should be taken while you are learning.
This is the reason that they loose money and become a part of that 90% losers.
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In my own personal opinion, mentoring costs too much however forums can be a good way to learn and earn with the help of others experience.
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I guess the common thing that they posses is the success..!
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Many successful traders will tell you the secret that they are earning from forex because they have focused on building a right approach to foresee and managing the risks associated with their invested capital.
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Does this broker accept martingale or arbitrage trading? I want to ask the broker but it could leave my account suspicious.
Martingale is too risky in my opinion and almost every google on it will tells you that most of the traders lost their account applying it.
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Learning is important before starting any new venture / business and forex also requires you to learn skills that helps in earning money from forex maket.
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Does this blog also offer tips related to forex trading..?
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I have used skrill and still using to fund my forex brokers and receiving my profit withdrawals from them and it usually takes one business day to receive my withdrawals from lmfx.
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The best thing for any newbie is to get knowledge about the Forex Trading, they could do it by either Demo Trading, or by trading with live account with small investments.
Small amounts can be good to test processes of any broker like withdrawal etc and starting with small amounts could be a good start too.
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I haven't used forex VPS but I think that it is used to host your EA and I did noticed that hotforex do offers free VPS to their clients though I am not an EA fan and haven't used EA either.
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In my opinion, online trading can only be the legit business available online however it is good if we can research over choosing the right broker before starting it.
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I think you are right but i am bit conservative with my investments so i usually don't try to trade when the market is subject to high volatility.
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Which part are you referring too.. ! The local webinars could be really helpful though I see a good list of online webinars but if it is held locally then it will helps traders get more confidence to achieve their dreams by investing in forex.