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Nikhil

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Posts posted by Nikhil

  1. @boniez you hit the main point i think . actually i also think its better to use cents account as a newbie but before that need to use demo to get knowledge about software and about place trade and set TP and SL . and when there is everything involve in cents or micro account than its better with real money with very small capital where concentration will be more and more.

  2. @boniez happy to hear that you turned into a fundamentalist trader . very good if you keep your good performance . anyway still i am depending on technical analysis but its very true there is big impact when news release and if anyone catch it properly than no doubt within short time huge profit.

  3. @boniez agree with you . anyway sometime luck help us to get profit form forex but surely not most of the time and few win trade is nothing to keep long time in forex we need regular success and for this we need hard study . many times my account washout when i am newbie but now i passed thats stage and now more and more serious and newbie should also keep it in mind to servive long time in forex.

  4. @boniez its true its better to trade ourself than we will able to independent and able to manage our fund ourselves but for pamm i also prefer well know person whom we can trust but i think it hard to find without monitor.

  5. Its true if we loss in demo than there is no psychological effect but after lossing in real there is great effect and no doubt in may result in our future trade . for my experience i may say my previous mistake help me my next trade although not all time i trade correctly but if we have mind to learn from our mistake than it help more.

  6. I think edit robot is so hard that without proper knowledge it may destory and if we wrongly edit it than it will behave madly and have probability to washout our account . for this i think its better not to edit but keep updating from its author .

  7. @boniez you are correct but i think the cost of mobile (windows) is not less by whom we can trade. actually some broker offering trade via mobile which is great in one word and we dont need to sit infront our pc all the time and for news trader its great no doubt if he/she unable to sit infront of pc at the moment of news release.

  8. @Hunter i think your advise is not bad and it will be effective for newbie trader . but about control mind efficiently which you say i think its emotion which is really hard to control but to become success we have to must control it . and its also true many newbie traders are victim of greed we should also look carefully about this.

  9. I also prefer 1:1000 although many broker dont offer this but they offer 1:500. anyway i traded in instaforex from many days thats broker offer 1:1000 but due to requite problem thinking to leave thats . anyway its very true this 1:1000 help us so if market goes against us although reward is also low if we dont increase lot size.

  10. I do not agree with part of the difficulty of predicting the price, only a fool scalper would do its scalping when at the trend move , of course it makes their accounts quickly get a margin call. please be aware that scalping is more suited to do when at sideways market

    actually i think scalping is always risky but its ture it better to when sideway market . but although it hears not so important but true for this we need very first spreed of internet because before for slow net i lost many my quick pips . so be careful if you preparing scalping.

  11. I agree. You can just think that you are paying the tuition of getting to learn the art of forex trading. It will really cool down your mind when you start to lose money. I believe the experience matters the most in the beginning.

    There is no doubt experience is the matter and this will help us more and more in market but to get this we need patience and have to time because it need so many time to get experience and no doubt to gain this we have servive so many days in real market of forex.

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