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bigxy

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Everything posted by bigxy

  1. Taking a start with small amounts can be good for new traders and it is also helpful in trying a new brokers as well as their processes.
  2. The month of August has almost ended, let see what they will be offering in September upcoming webinars. I really hope that they will soon update us with something that is really good for all.
  3. I guess that's might the reason that social trading has got enough popularity where the senior trading can showcase their skills and the junior traders can follow them as mentor as well as can copy their trades too.
  4. I love forex trading because it does not bound me to give it hours but it allows me to trade it easy anytime anywhere from the globe however i usually stick to specific plan and once i reach this target i leave trading and build next target instead of trading.
  5. Gold and oil trading is good however they are bearish most of the time however i think we can still make money by shorting them.
  6. I think they are also contributing such efforts in designing free webinars to educate every trader irrespective of the fact that he is trading with them or with any other broker, and that sounds good.
  7. Developing a right strategy can be helpful in minimizing the risks associated with the forex trading, and such developments can only be possible by gaining experience through practice forex trading.
  8. I guess the only thing that a new trader should do in start is to practice demo accounts as much as possible.
  9. I think none of these can make money for others and if anyone do then it might be for limited time only. I better say that forex trading is a full time business where our job is to learn how we can make money through forex trading.
  10. I guess it can be a good idea to take real insights of any broker by going to the review sites like forex peace army etc and once you choose the broker i think its more better to test them by starting with small amounts to get real personal experience with the said broker.
  11. I guess if we start daily habit of reading news, sooner we will be able to conclude the market behaviors and the outcomes of these news on the trading market.
  12. That's may be the reason why many traders prefer trading major currency pairs for they bring significant profits rather than the weak currency pairs.
  13. In my opinion forex trading can only be a legit business available online these days however it can not be classified as a gambling because it is not based on luck but involves learning the markets, making analysis and cost calculations, then risking the capital based on such knowledge and experiences.
  14. I better guess that any successful traders possesses the right approach to foresee the associated risks with his investment, so we all need to improve our money management skills in order to overcome these risks.
  15. For those who greed may try to overtrade and obviously loose their money and looses more while chasing their lost money. It is good to put all of your emotions out while trading forex.
  16. I guess it is getting really hard to distinguish between good and bad binary options brokers as we may notice a lot of complaints about them so its good to carefully choose binary options broker. My personal recommendation is optiontrade as i am trading with them for quite sometime and i doesn't have any complaints from them so far, so they can be considered as an option while short listing a binary options broker.
  17. I guess we cannot eliminate the risks as they are involved in every trading business however we can mange them to much extent by doing effective money management and investing after carefully examining those risks. Forex is a business purely based on calculations and analysis so if you fail to calculate the right then the chances are that you might fail.
  18. I usually trade major / popular currency pairs as they inherits less risks and are traded more easily, besides these i also keep an eye over gold and oil however these two items are bearish most of the time and we can make money by selling them short.
  19. Agreed ! the withdrawals from this broker are usually processed without any hassles and the other services are also good so far.
  20. Demo trading is one of the biggest asset in forex trading and those who keep practicing demo accounts become successful one day. I still practice demo account in my free time to test strategies before applying them to live trading.
  21. I haven't heard of any regulators' compensation fund but i found out this hotforex investor fund link which maybe helpful. https://www.hotforex.com/hf/shared/landing-pages/security-of-funds.html https://static.hotforex.com/assets/common/documents/cysec/Investor_Compensation_Fund.pdf
  22. Forex is risky yet a very legit and lucrative business available online, so anyone willing to make a fortune with forex trading should know that this business is not that easy at it looks like. I means forex trading is easy though earning with trading in forex may requires some hard work and patience.
  23. I guess may be it would take some time if they have bought skrill or may be skrill should restrict those users too which neteller is not accepting.
  24. It would be good if lmfx launches their own debit cards as traders can easily get their money from ATM hassle free.
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