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bigxy
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Everything posted by bigxy
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Use long term support as stop loss while going long
bigxy replied to yogeshwartyagi's topic in Forex Newbies
When the markets are in deep blood bath i guess better to stay on the side ways and watch till you find any confirmation of market changing from being bearish to bullish. -
Back testing actually allows more confident however keep in mind that the past trading results does not guarantee any future performance.
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Twelve years is a good amount of time invested by this broker and it is a good news indeed, kudos guys!
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Welcome bonus by brokers - Make guaranted money
bigxy replied to yogeshwartyagi's topic in Forex Newbies
Attracting customers through bonus might also be a valid tactic used by the brokers however it can also help traders who know how to use it and maximize their profits/ Those who on the other hand does not knew what to do eventually lose their own capital as well in the trading. -
Want to learn fast? Get a tutor!!
bigxy replied to Fedra Bianchi's topic in Forex General Discussion
We almost learn everyday which adds to our experience so prepare to learn new things with each passing day. -
Welcome bonus by brokers - Make guaranted money
bigxy replied to yogeshwartyagi's topic in Forex Newbies
Bonuses are always associated with certain terms and conditions so they are really hard to reach at certain threshold in my opinion. Those who does not want to avail bonuses can still have option to go to account opening without availing bonus while those who want to avail any bonuses should read the terms and conditions thoroughly before availing them. -
Exactly i do have the same preferences and i do like working manually with entering the market on right trading opportunity.
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And why not shortlisting some other reputed brokers like hotforex, octa, xm, exness, lmfx etc as they have good market repute in my opinion.
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Pretty straight forward yet precise answer however what if the trader should start developing necessary skills and self confidence to rely rather than trusting those signals services which might double the trouble as they are hard to guess.
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I think you can use crypto for funding your account and withdrawing too .. !
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Initially we can use one or two indicators but should not rely on them totally because they are lagging indicators showing the past performance.
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Yet many beginners make a mess while copying trades, they instead try to develop the necessary skills rather than depending others to make profits.
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Exactly as long as we are in profit we should stick with one or maximum two.. I also prefer withdrawing profits as soon as they appear regularly by keeping the necessary capital behind in order to stay protected.
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How Coronavirus impacts the Forex markets in 2020!
bigxy replied to Shariar Porosh's topic in Forex Articles
I believe all comes up with learning and forex does not allow easy money yet we need to build proper skills to make money trading our own money. -
Factors that are considered while choosing a broker
bigxy replied to Gee Dee's topic in Forex Newbies
I guess low spreads or zero spread accounts are preferred by scalpers. -
Crypto is also getting hype these days however i am sticking to the fx for now and might see if i could spare some of my profits to build some crypto portfolio soon.
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Those who follow the rules and acquire necessary skills by learning them are eventually on the positive side while those who break rules, over trade and take forex easy ends up losing money in forex trading.
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Agreed as consistently profit is required rather than huge sum or small profits which only came once and then blow up the whole account.
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I guess the demo accounts are and will always be free so that the traders can test the brokers processes without depositing any money with them.
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Start Trading with an Old Forex Broker
bigxy replied to justusfreaky's topic in Forex General Discussion
I think there are many other old and reputed brokers like hotforex, octa, xm, exness, lmfx etc which can also be shortlisted while making research for finalizing any solid broker in my opinion. -
Here some efforts does not make any difference yet we can say being punctual in learning brings solid results for sure.
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Is it advisable to trade on all currency pair as a newbie?
bigxy replied to flybiz08's topic in Forex Newbies
Demo accounts can be helpful in learning forex trading and processes more easier than any other learning resources in my opinion. -
Is it advisable to trade on all currency pair as a newbie?
bigxy replied to flybiz08's topic in Forex Newbies
Experience comes up with the time spent in learning necessary skills in my opinion. -
Contests might come regularly but what if this contest become lucky and life changing so it would be worth taking risk and participating who knows when they hit a jackpot.
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Trading robots or EA can double the trouble if you aren't any developer because they are usually coded to follow the technical analysis so they do require monitoring during highly volatile markets.