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bigxy
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Posts posted by bigxy
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The debit cards that I use varies. But, I will say that my Payoner card is easy to use and I don't get charged any fees to use this card. I've had this card for a little more than a year and I haven't had any issues.
Payoneer cards are easier to use however i think there are fees associated with their usage but they might be low as compared to other prepaid card services. I use to get my withdrawals from hotforex for quite sometime but now i get my amounts through skrill account.
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I guess stop losses and take profit calculations is a must for every forex trader, its a part of risk management as every trader trades for seeking profits. However I also traded binary options which does not involves stop losses and take profits, the risk of loss is already known as well as the rewards.
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I guess the only legit business online is forex trading however it seems easier but earning money through it is quite hard, as it requires a lot of guts to learn the strategies that yields good returns. I think trading demo account for quite some time can be a good idea for learning forex.
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I agree that robots might be more disciplined than humans however it is hard to trust EAs especially during important news release.
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Leverage is an essential part of margin trading however for any newbie i suggest keeping the leverage low in start as high leverage can bring high damages as new traders might not aware of the market.
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First part is correct but second is wrong. They rely upon fundamental data, as far-reaching consequences of interest rate decisions, QE, political decisions etc.
Seems like i replace these two terms with each other, thanks for correcting.. i am obliged as without your help i wasn't able to noticed that error.
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The withdrawals usually took one business day to get processed in my ewallet i.e. skrill account and its quite convenient too.
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I guess signals services are the hardest nuts to crack, in order words they can be confusing ones and i used to go to news sites daily in order to make some conclusions.
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I have started trading with small accounts, not big ones and now I guess i am trading on the earned profits. I usually make regular withdrawals and keeps necessary capital with my brokers.
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it depends upon the market
Exactly and i usually trade when i am mentally relax as forex trading allows me doing it anytime anywhere..
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Swing trading is also a kind of speculative activity in financial market where I guess traders holds the positions for more than one day and they usually use technical analysis instead of looking at fundamental market values.
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I guess emotions should be set aside while trading and a trader should trade when he in mentally relaxed.
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I usually deposit funds with skrill however they also accept payments through CC and traders are allowed to deposit up to $10000 daily in four transactions of $2500 each transaction. However you can check from their support for proper confirmation.
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I agree that unique quality content is the key of success for any blog if you want to rank it higher in SEO.
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Learning in forex trading is very important and traders get a lot of opportunities every day to improve their trading experience, those who fail to learn from their mistakes usually knocked out from the market.
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I hope those who traded with ironfx might get their money back as the reviews on forex peace army about this broker does not seems to be very good at all.
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Forex trading might be easier however learning how to make money with forex trading is bit difficult. It requires time, patience and consistency to learn the tricks of the trade, those who wish to earn money from forex should start trading demo accounts and trade them for some time before going to trade on live accounts.
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Forex trading is a very professional market where traders must be very vigilant and should take calculated risks. Most of the traders fails when they jump in forex trading with incomplete knowledge, some losses due to greed and some losses more while chasing their lost money.
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Agreed that trading a demo account can bring much confidence to new traders, it can also be good for testing any new broker as the features offered in demo accounts are more or less similar to those offered in live accounts.
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I never found any legit PTC sites as yet where i had withdrawn any amount and for the said reason i have changed up my mind for not wasting up my time on such sites. Instead i prefer investing that time on forex trading which usually pay handsome returns.
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I guess spread and commissions varies from broker to broker, low or fixed spreads has their own benefits but many traders finds it good to vary variable spread in order to avoid paying commission to broker.
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I am using 1:100 at my broker hotforex but I don't normally concern to leverage, I only trade safely with light volume.
I have seen some brokers also offers 1:3000 which seems bit unreal. I suggest keeping the leverage low at first to get used to the market as higher leverage might lead to higher damages.
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Its quite few years now since i started forex trading as a part time hobby with small amount. The time passed so quickly and my experience grows, I had learnt a lot while making a lot of mistakes but now i feel good enough to make some extra money using my free time. I guess forex trading requires time to learn.
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I guess new traders should keep the leverage low in start so that they can get used to the market otherwise trading with higher leverage might lead to losses.
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Thanks for sharing the details, i have also noticed free VPS offered in my hotforex account but i think it is for those who wish to run EA and wanted to go fully automated.