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Everything posted by bearhugs

  1. A micro account is a common type of account that allows investors (mainly retail traders) to access the forex market. Forex micro lots are equivalent to 1,000 units of the base currency. Essentially, a standard account lot is equal to ten mini account lots which is equal to ten micro account lots.
  2. The foreign exchange broker’s goal is to offer customers competitive trading conditions to share forex, and CFDs on commodities, shares and indices. LMFX broker offers a comprehensive range of mobile and desktop MT4 platforms, but lacks in its regulation, research and customer service.
  3. Forex Trading is hard in the measure of your commitment, dedication, patience, and persistence. More you work with Dedication for the long-term, less hard becomes the Forex Trading. The more you Insist and Persist, the more Money you earn Improving.
  4. Long-term trading helps rid you of emotions related to day trading. This keeps your perspective clear at all times and helps you to look at the growth outlook of the company and the viability of its business model from multiple viewpoints. Long-term trading lets you take advantage of the power of compounding. Compounding is a system where your investment grows through interest earned on both the principal amount and accrued interest over a period of time. Moreover, long-term trading in stocks also gets you dividends which can be reinvested to earn more profits.
  5. If you are a beginner in forex and want to make it as a forex trader, you should be able to select your strategy correctly. The easiest way to do that is to look at the profits and losses of a particular strategy. But there are other things too, which you should look after while choosing your strategy. Choosing a good strategy is a very vital part as it will decide your future whether you are going to make money in forex or not.
  6. In the forex market as a trader you have a good check on knowledge may it be technical or fundamental, or skills but with that emotional and mental health is also important. As a trader to control your anxiety, anger, fear, overconfidence and more to the list, is almost important if you want to go for a long run in the market. Having a good balance between this factor will help you succeed in the market.
  7. Earning thought demo account may not be easy if you have incomplete knowledge about the market and trading. And if you are earning good at demo account do not define you will earn in a similar way into the real Live account. Demo account is moreover a setup to gain confidence to the new beginner so that he/she can make up their mind and test their skills and knowledge on the demo platform.
  8. It is entirely because of you. You have yet to understand that fear is the number one reason why traders lose money. Think about it this way. When you lose, you feel pain. As a result, you start to look for ways to avoid loss. Just because you don’t want to feel it anymore. It can take various shapes: You look for strategies that are said to have close to 100% win rate. Next time you see a trade setup, you are afraid to get in. Before you trade, you start searching to see if other people are about to do the same thing. A thousand people cannot all be wrong at once, right? Some may even switch to trade less random commodities. This list goes on and on. Now let me add this. If it is more difficult to trade real money, then maybe you have not yet integrated that strategy you were testing in the training account.
  9. The primary advantage of having your investment assets in a single brokerage account is simplicity. Rather than having to keep track of different accounts separately, you can consolidate all of your holdings in a single place. That also makes it easier to analyze your overall portfolio, assessing its risk level and potential return and making necessary adjustments to stay in line with what you're comfortable doing with your stocks and other investments.
  10. As we know experience is very important factor in forex trading and also we can say that experience is the key of success. A person can attain experience through proper learning as well as practicing with demo account. Without experience a person can not sustain in Forex market in long run because Forex generally depends on trader knowledge and experience. Forex trading is a risky business and we can't survive without experience and learning ,when we trade without experience and skill then we can lose our investment experience is very important if you want to become a successful trader.
  11. For long term trade to a new comer would only be possible if the basic of Forex market running and fundamentals are clear in mind. A good trading plan with sharp mental focus could help trader to go a long way in Forex. You can also take help of brokers available online who will help you enhance your skills and knowledge, for this i would recommend you to open account with LMFX broker.
  12. Trading with right broker is very important. I would recommend to check out LMFX broker. When opening an account with LMFX, users are offered a selection of three live account types. These are, premium, fixed, and zero accounts. The characteristics of each account type differs slightly in terms of spreads, and functionality. Premium account holders work with a variable spread, whilst fixed account holders can receive a fixed spread across the board. Zero account holders can benefit from accessing inter bank markets directly, with correspondingly lower spreads.
  13. The Risk of Ruin is a statistical model which tells you the chances you will lose all of your account based upon your win/loss % and how much risk you put per trade. This is absolutely critical to know.
  14. For beginners Forex can become a major success or a failure too. All they need is to focus initially much on their working and market, sharpening up their skills and gaining as much knowledge they can. Once they start trading into a demo or a real account result may come good if they have kept in mind the basic of Forex working.
  15. A Forex mentor is someone who will use his experiences in Forex trading to teach you the necessary skills to be successful. He will use his past successes and failures as examples to help you get started. Mentor who provides information online are those who reach out many people via social media platform.
  16. Demo Accounts are available to everyone, and LMFX allows up to 3 demo accounts per trader. This allows you to test their platform and execution times, or allows less experienced traders how to practise trading with zero risk. you’re given up to $100,000.00 USD in demo funds per demo account, but if you need more, LMFX uniquely offers traders the chance to re-load demo funds.
  17. LMFX provides traders with access to both Real and Demo accounts, and is actually suited to traders of all levels.It’s as straightforward as registering your free account the primary time, and your account manager/support are available to guide you thru the method if you’ve got any issues.
  18. A standard lot is the equivalent of 100,000 units of the base currency in a forex trade. A standard lot is similar to trade size. It is one of the three commonly known lot sizes; the other two are mini-lot and micro-lot.
  19. For some cheating brokers, “regulation” is just a tool to attract more traders to open accounts. They get regulated and registered because they have to, not because they are honest. ... More than 95% of the traders lose money. Many of them wipe out their accounts at least a few times, before they give up on forex trading.
  20. Another reason why the forex markets can often be really slow is if there is a public holiday in one of the major developed countries. ... Therefore it is always a good idea to use a trading calendar to see if there are any public holidays coming up that are likely to affect your favorite currency pairs.
  21. FP Markets offers the ability to trade on the MetaTrader 4 and MetaTrader 5 Web Trader platform to trade directly from your browser with access to ECN pricing. The broker also provides access to the Iress ViewPoint, Iress Trader and Iress Investor platforms for Direct Market Access (DMA) trading.
  22. Leaning about basic to skills in Forex is very important especially for new beginner, so these video course helps a lot in easy visible understanding rather then only reading theoretically. Its observed that person learns more in practical implementations.
  23. Making your personal trading ethics will definitely help you in not only earning money but also to enhance your knowledge..
  24. The best advice for new comer is that they should make sure they have trader and learned well at demo account first then step into the live market. One entering into live market initially they may face loss or challenges but they should not feel low but try and work more hard in learning from the mistake and not repeating it in future.
  25. Traders themselves feel motivated when their move goes in the right place. Monetary reward is the reward every trader expects. Apart from this trader who is more passionate about learning and innovating something don't care about the monetary benefit that much, they focus on Learning.
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