John22

On 1/7/2011 at 4:50 PM, hyipreviewblog said:

Yes..I think you can make profit with this one but you still don't learn anything about forex..so I think the best way you use that bonus is to trade in good strategy so you can learn how to trade on forex industry with free money...after that maybe you can invest some money and make big proftis with it...

Exactly, in fact I think for many brokers they give conditions for these bonuses like trading with them before you can withdraw. Just that some are more flexible than others, like the 100% welcome bonus from my broker forexchief is available for trading purposes only and may not be withdrawn until after certain conditions have been met, which is fair enough.

Leverages are good, I mean it helps to compensate for your funds. But we should be mindful, because when the leverage becomes too high it spells trouble if the market goes against you.

On 4/30/2020 at 8:43 PM, Axeray said:

It’s hard for beginners to make big money right away, it takes time

Exactly, we shouldn't be greedy especially when you are just starting off in the market. Appreciate your little wins and gradually grow from there.

The irony of the whole thing is, you can still starve even with the wealth of knowledge available, so one has to be focused and define what they want.

On 4/3/2019 at 10:39 PM, Gee Dee said:

Beginners require being extra cautious in this challenging field of forex market. In the current days, new babies are enjoying increasing facilities to get into this market with the help of smaller trading lots via use of micro trading account. And no doubt that even forex brokers are helping new babies to get connected in this market with desired amount as they are offering divers trading account according to the requirements of different clients.

 

 

I feel it's more easy now for newbies compared to how old timers started in the business. Materials are readily available everywhere now, so before anyone starts they should be grounded in as much knowledge as possible.

On 4/1/2021 at 6:32 AM, ThomasFernandez said:

Using leverage is not a bad option if you know the risks and use money management skills to avoid major losses. Leverages also have their advantages, and disadvantages like using higher leverage can bring higher loss or profit.

It becomes a problem when it's too much, because the higher the leverage the higher the risk of losing it all when the market goes against you.

This thread is so timely, the longevity of any firm in business spells credibility, trust and breeds confidence. You always have this calm feeling when working with them because you know they've been in the business for long, same applies to brokers.

One should definitely add this to factors they consider before choosing a broker. In my case, even after making sure of every other thing, I checked how long Forexchief have been in business before I opened an account and it turned out they've been around since 2014.

I will always say this, its almost impossible not to encounter loses while trading. The best we can do like many have said here is look for ways to minimize the loses.

Sure we need efforts in the market, the amount of input determines the amount of output we get.

On 6/17/2021 at 3:50 AM, e_abrams said:

I haven't heard of them before, where are they registered?

Just google it, am sure you will find them online, or better still you can narrow your search to "best forex brokers" on google. There are many legit review sites online for brokers,  I remember doing this for days before I registered with forexchief.

Honestly, every now and then we need help along the way because we don't now it all and we need to be guided sometimes.

On 10/17/2011 at 12:15 AM, yogeshwartyagi said:

This is really very good video and tips are worth following ... one point video raises is its is not possible to make profit in day trading regularly - i agree i lost quite much - but whenever i gone with longer term trade i booked nice profits. Also going with typical indicators and or using expert advisers is really a waste of time.

I like your honesty, we must expect to lose in the market. It is part of life especially in trading, but doing our best curtail it is what matters.

On 3/20/2014 at 4:21 AM, gamer777 said:

help

Agreeing to what everyone has said, never joke with learning and practicing. In fact do that for a very long time and ply your skills on demo trade with any broker you choose, never make the mistake of rushing to live trade. Even if you must, start with a capital you can afford to lose.

I wasn't easy for me at first too, but with help from forums like these and the broker I registered with forexchief, things became less complicated.

I don't think brokers run at lose, the only thing they maybe worry about is having less clients as they would want. The clients worry about losing not the brokers, but am sure their expenses coming from servicing their company or whatever they call it.

On 6/23/2021 at 11:32 PM, Thorgagar said:

Poorly designed strategies, me and lack of knowledge can lead to quite large losses

this is arguably the most common factor in forex; lack of knowledge and lack of patience, especially for newbies. You can't come to the market with partial knowledge and expect to make it here.

On 4/26/2021 at 8:28 PM, Upoctin said:

Losses in Forex can be due to various reasons such as inefficiency in trading, reliance on signals, trading aimlessly, trading with high risk, lack of trading strategy, lack of self-confidence, etc. Also, not doing market analysis while trading, not doing good money management, not doing proper monitoring while trading can also cause loss.

the most common factor is lack of knowledge and lack of patience, especially for newbies.

1 hour ago, Vaabum said:

Why do you think so? In fact, small amounts can be invested in forex in order to get the desired result.

I agree, with little capital you can start. Just don't be greedy because you will lose the little you have.