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brokenblade

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Everything posted by brokenblade

  1. The 300 + days without popularity deal is sort of a curiosity factor to me as well. It is nice to know that the site has been paying for as long as it has been. I am still uncomfortable with this site after looking at it. It can close at anytime. This is true with all other HYIPs as well.
  2. This site is only 4 days old. However, I could have sworn I saw another site with this same design almost a week before. The plan is definitely a high rate. You also get to invest a small amount of money as well. Most HYIPs will not go below $10 as the minimum required deposit. Due to the high percentage of return that is promised, I don't expect this site to last very long. If you want to invest in this one, invest real soon or hold your peace.
  3. I'm pretty much a little bit of both with a heavier tendency towards technical trading. I'm more into following the charts. I also look at the news in order to get a grasp at what to expect with the market that I am trading in. While they were both complicated to me, I was able to catch on to the technical side of Forex trading more easily than the fundamental aspect.
  4. I imagine it could be pretty tricky to sue a Forex broker. I think in order to be able to successfully sue a broker, two things have to happen. They have to have breached the terms of service. The other thing is that you have to be able to prove that they have breached their terms of service.
  5. I don't think there will be any long term problems with scalping if you are wise about what you are doing. If you constantly make bad trades that result in huge losses that you can't afford, then you will have problems. You really have nothing to worry about with scalping as long as you do it wisely.
  6. I think Forex trading is a legitimate course to teach in universities. Forex courses will teach you all of the different aspects of Forex trading that you need to know in order to succeed consistently. I believe that if Universities are not offering this course, then they should offer this course, at least as an elective. I believe that Forex trading can solve a lot of problems for people who are unemployed, struggling, disabled, etc.
  7. That is something that is very common among traders. I try to manage my trading and not let my emotions get the best of me. IT is better if I trade small amounts of money. While I may only earn a little bit of money, I also lose a small amount of money as well when I lose. Occasionally, I will trade large amounts of money.
  8. My Forex Trader name is Mufasa. I look out for good signs. When I see a condition in the market that I am confident, I trade. It doesn't always work out the way I hope. If I don't see the condition that I like, I decide to sit this one out for the day / week, whatever. I look for certain signs that point to success. When I see them, sometimes I strike, other times I wait and see if there is a catch 22.
  9. Some pairs move slower than others due to frequency of trading activity. The more people trade a certain pair, the more the pair will move. The Forex market is known for being such a fast moving market. However, there are some pairs that move every bit as fast as some businesses in the stock market, LOL!!!
  10. Yeah, you can lose a lot of money in Forex as well. The important thing is for people to either not trade more than they are willing to lose, or be willing to lose. People earning a lot of money in Forex is rare. With HYIPs, you just have to catch these programs while they are relatively new. This is especially true with the ones that offer high percentages with returns. There are HYIP charts that show you which programs are paying and which ones are not. The ones that are paying will eventually stop paying in most cases. You can still lose a lot of money depending on what you invest in HYIPs. It's pretty much the same in any market.
  11. Yeah, over-trading is a very large mistake that Forex traders make. Using high leverage is another problem. A lot of times, new traders use high leverage and over-trade. They do not even try to understand the market. They try to get lucky. As a result, they often end up losing a large amount of money and losing their accounts. It is better to start small and have a plan for managing your losses.
  12. Forex is so large as a market and it is very popular. One of the factors that make it so great is the type of market that you trade in. The market is in such a constant motion that you can make significant amounts of money in a short amount of time. It is a double edged sword. You can also lose a lot of money. This is only the beginning for Forex like another poster said. More people will catch on to this market and then it will explode.
  13. You should spend at least a month with a demo account. It takes time to learn how the Forex market works. While you are practicing with the demo account, you also want to be looking at other aspects of Forex trading. Most importantly, you want to learn what influences the markets that you are trading in.
  14. I think that understanding the charts is important. I also believe that looking out for news on the market conditions is also important. Understanding that the success rate in Forex trading is actually very low is also very important. You need to learn about stop loss and all of the other aspects of the trading activity which are designed to help limit your losses. When it comes to Forex trading, knowledge truly is power.
  15. It's the psychology of the trader once he goes into the real account. With the demo account, you know that you are only trading virtual money. With a live account, you are trading with real money and your own money. It is amazing how much of a difference it makes. The best you can do is exercise control over your emotions. You also want to know the factors that influence the market and watch out for them.
  16. I prefer Forex trading over stock trading because of the 24 hour term. The Forex market moves much faster than the stock market. You can earn significant income within days on the Forex market. The stock market could take months and even years. The stock market is for people who have a lot of patience.
  17. I prefer Forex. HYIPs are more of a gamble. With HYIPs, you never know when they are going to quit paying and close down. With Forex, it takes a while to learn the market. After you learn it, you can earn large sums of money that you couldn't earn with HYIPs. One good thing about HYIPs is that there are a whole bunch of different types of plans. There are plans that will earn you 1% a day. Then there are plans that will earn you over 100% after 1 day. However, the catch about plans that offer such high percentages of return within a week can be a scam.
  18. It depends on the person. If it means that much to you to succeed in Forex, then you shouldn't quit. Instead, it is better for you to step back and look at the market and figure out what you are doing that is making you lose your trades. Just stay with it if it means that much to you. Eventually, you will win a trade if you haven't yet.
  19. I believe that it is better for newbies to use lower leverage. It is not good to start off using the maximum leverage of the broker of your choice. As you gain experience as a trader, then you can increase your leverage little by little. Even as an experienced trader, it is better for you to keep your leverage in proportion to how much money you can afford to lose.
  20. Leverage is what many traders use. Without leverage, we will only earn so much money from our trading. Unfortunately, a lot of people over leverage their accounts and as a result, they lose a lot of money. I would advise the newbies to keep their leveraging to a minimum until they have more experience with Forex trading.
  21. For security reasons and money laundering protection. I too am sort of frustrated and confused with the need for photo ID, address, proof of address, etc. They do have their reasons for requiring those. It makes it just a little more difficult to get a Forex account. At the same time, it might actually be worth it.
  22. I trade with only one broker. I did think about trading with other brokers as well. I don't think that it is a particularly bad idea to have more than one broker. In the case that something goes wrong with one account, you will have another to fall back on. It is the type of Forex broker that you sign up with. If you have a trustworthy broker, then you will have a better time as a Forex trader.
  23. The difference between the demo account and real account is mostly the mentality. With a demo account, you are not using real money. With a live account, you are using your own money. As a result, the risk is real and the pressure is greater than with a demo account. Try not to chase too high of a goal.
  24. Yeah, Forex forums can help you improve your skills to a certain extent. I would use the forums in order to gain some insight. It is important to get as much information as you can from as many sources as you can. The more you learn about the Forex market, the better.
  25. Learn about the market as much as you can. Get a lot of practice. Try to figure out a pattern if you can. Also, make sure that you check your emotions. You will have a much harder time with Forex trading if you do not have your emotions under control. It is important for you to have a plan to manage your losses. You are not going to win every trade.
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