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winzpc

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Everything posted by winzpc

  1. @mohammadbadr Yeah it's true, there is not simple thing that can make something become good or by doing forex to become rich quickly. It's all need process and I try to pin myself that forex is a business and I must treat it like that. I'm working hard to learn the basic forex and train my mentally in trading to hope in future I can make money only in this business.
  2. I spent 4- 6 hours a day in front of computer to check the chart. I mostly spend my time at night because I have already done my usual job and relaxing to watch the chart. I mostly play in daily time frame, it make me not need to watch the chart continuously. I watch a chart in the morning and see if there an opportunity to place a position. If yes then and night after my job I will check if my position is already taken or not.
  3. @andry77 I think both forex and HYIP is category into high risk investment. Because both can cause us losing money. I just want to diversification my money into another investment. That will make me survive in this business. It just my opinion. I think the picky is very useful in this situation if I picky to trade in forex means that I only take a best set up it will give me 95% chance of winning. Same in HYIP, most of them are scam but If I can picky to choose a good HYIP then I could money from both. once again it just my MHO.
  4. Mistake i always do is not following my rule to trade and trading strategy. I always want to open a position to make a profit, then sometimes the price doesn't meet my full criteria to open position, I will take it because I thought that why I can make a trade in this day. I like to open position everyday because I want to raise my account and it cause me to impatience in my trading then not follow my rule or trading strategy in opening a position.
  5. You can't lose more than the fund you deposited. It usually will remain a few dollar or cents in your trading account base on your using leverage. The bigger leverage you use to less money will remain in your account or maybe it can be zero. But if you use a small leverage will make a remain more money in your account because you need more margin in every your trade,
  6. @hyipreviewblog I agree with you, if we are in bad condition whether is was a market condition or emotion, its better to stay away from the forex. It can cause a loss in trade if we use an emotion in trading. I prefer to play a game or watching television to make my stress away. I will start trading in the next day or maybe until my bad mood is disappear.
  7. @andry77 I do agree with you, many another method or strategy can give a consistent profit. But I mean to being a profit in daily trade, it will more guarantee to use a scalping method. An expert scalper can make a profit everyday because they will close their trade in range of profit between 5 to 10pips. The news trading trader or intraday trader sometime can cause them loss in a day, because not everyday it release a high impact news, so sometimes they will stay outside to just monitoring the price.
  8. @hyipreviewblog I agree with you, Expert trader have already got their experience in this business and helped them to avoid a same mistake. But new trader still face a some problem to trade in prediction way. They like to predict the future price by hoping it will get there or follow what they want. That cause a new trade mostly do a same mistakes like me. But expert trade has already trade base on what they seen in chart.
  9. I think both of them is very useful in forex. Experience can make us to trade better and skill can give us a comfortable in trade. I still far away from both. I still nubie in forex and less in experience. Skill still been developing, need more practicing and demoing in demo account to make one good trading strategy.
  10. @andry77 The more we use the more we now the characteristic of that pair. EUR/USD is the most popular pair that I ever know, most trader trade this pair. I always trade this pair, bust seems in this week it being ranging in sideway, I will stay away. I also loss in EUR/USD this week. I taught it could continue to go up, it seems that most loved pair and always monitored, still can me me loss in this pair.
  11. @andry7 I agree with you, sometime we still need a demo account to test our strategy for updated. Demo account is very powerful for beginner trader or expert trader. Demo account is very useful for us to make a change in our strategy and test it because it will save to loss our real money. But if we already have a good strategy that give a consistent profit, we can stay in live account for permanently.
  12. @andry777 Yup andry, analysis is the main key for us to open a position. With a good and solid analysis about the current chart then it will raise our comfortable to place a trade. I mean that if I have a huge capital then although I open with small lot will give me a big return and satisfied me, but my position is considered with a good analysis first. So for me now that using a small capital always want to open more position to gain more profit and sometime make me can control my emotion that cause me a loss.
  13. I aslo use the leverage 1:500, it makes me can open a bigger lot size. Definitely for new trader will try to use the lowest lot and make them can settle in this forex. Most of them like to compound their lot size and that's will cause a huge loss then got margin call. When I trade in live acc for the first time I use a smallest lot 0.01, it always different feeling to start a trade in live account after demoing in virtual account.
  14. I agree with you, forex is a business and must trade it like that. If we don't do it, we only gambling in forex. To trade forex like a business, we need a preparation like learning a forex basic, money management and also our mentally. We need to prove it that we can make a profitable trade in every month, although if it only one trade. So We must have a mind to think that we entering a position to make a money.
  15. I like to use daily time frame because it contains much information rather than lower time frames. Once the trend build and valid in daily, it will sustained for a long period. So I can have much profit to run further but also has a negative effect. In daily, my SL will be huge, average is in 100 pips and can cost me loss a lot of money in one trade.
  16. @hyipreviewblog It's not hard it we want to surely can do a money in this business. To trade demo account like a real, first we need is our own trading strategy. we use our trading system to trade in demo account to see the performance, if we found a loss then we can repair it to make it better. Second is our risk:reward, Forex is a risky business, so we must have a plan about how much we want to risk our account. In demo account we have a zero percent to loss the money but in real we will see it quickly if we don't have a preparation. Set the percentage of the risk that we allow to happen and stick with it in demo. So with that we will feel this demo account like a real one.
  17. I think in demo account we doesn't have a assessment in losing the money. In demo account we only trade with virtual money and make us to trade as our will. When we loss in trade we doesnt't need to worry to cut loss it because we always hope that the price with turn into profit and when we are in profit we can let it run as far as we want without a fear to loss the money. But i think if we can try to trade demo like a real than we can use this demo account to help us prepare to enter a real market.
  18. As I know, Pro trader in this business averagely has 70% to 80% win ratio. But they can make profit consistently every month that cause them can make money from this business. They also has a trading system that been modified and tested to become a profitable one. So I think I must have one trading system first, then trial it to see where is the weakness and fix it to become better.
  19. I trade manual since I know this business. I like to trade manual because it always show a new thing and help me improve my trading. I think with robot, only give a result of loss or win because we doesn't care again about the basic forex like money management, mentally and analysis. Robot has been programmed to open and close position, we only sitting in front of our computer the see it works.
  20. Newbie in forex mostly been categorize into the 95% trader who loss the money because they haven't know really about this business. They only care that forex can make them rich easily because they have see many pro trader can make a huge gain and the advertisement in internet that show a huge profit from one trader. So I think newbie must change their point of view of this forex, they must know the process to become a great trader. The become that, they need huge effort, they must learn the basic and need a few years to understand this business work. @andry777 I agree with you, newbie must learn the basic first. Basic forex is the most important like me when the first time I trade forex. I don't want to know what is forex and not care the basic like money management, trading system and mentally. That's cause me loss much money.
  21. Yes, robot forex has many disadvantage. It cost us very expensive and our computer need 24 hours on. Beside that robot forex doesn't make a good return in reality because most of the profit shown in their advertise are already been modified. Most of the robot forex sales shown their profit trade and hide the loss, it makes us only see the positive side. Robot forex also won't help us a lot in this business for long-term because we only stuck with programmed robot and doesn't learn what exactly forex is it.
  22. I think to trade or not trade must be base on our analysis. Most new trader like me have this problems, I like to trade everyday and push myself to find one position to enter the market, my analysis won't play a role but my emotion was. It was me feel bad, because I often loss my trade then make a profit. I been taught to be patience and analyze first the chat, once I find a best setup, I can enter the market comfortably because chance to get profit bigger than loss.
  23. Demo account is very useful to prepare us to trade in real account. In demo, we can demoing our trading system, find the weakness path of our system and fix it to become a profitable one. Once our trading system has already give a profit trade in few consecutive month, then we are ready to trade in real. Demo account also forge our trading skill and mentally, it can build our discipline and patience in trading.
  24. @indieover Scalping is very suitable to be play in sideway market because scalping method only taught to close position as fast as you can with small pips profit. But scalping method not as easy as it seen, it still need learning process to become a good scalper, because scalping have a bad risk and reward ratio and also need much time to monitoring price in front of the computer.
  25. I'm same with you when first time trade in forex. I think forex is very easy, just click the BUY or SELL button then it will make me some money. But with that kind of thinking, it make me become a bad trader and loss money in forex. I'm become greedy to compound my lot size and emotion play in every my trade. Now, I know that forex is a business and it need to learn from the begining untul the end of forex knowledge. Everyday I still find a new thing and information about forex, make me change my mindset that forex is not an easy way to become a rich.
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