winzpc

I am just a new forex trader, I have know little about forex. As far as I know, if you want to be a good trader , you have to learn the basic knowledge about forex, it is also very important that you have to get guide from others who are professional traders. I think we can also learn something from other people, so your experience is very important for us to improve ourself. Thanks in advance.

I'm amateur forex trader too. I'm still learning to become a good trader and can make some money in this business. I agree with you, new trader like me must learn the basic first and then go to the expert. After learning for a while it make me think that forex is not an instant way to become a rich. It needs an effort for to learn and learn new thing in forex. Also it will easier to learn forex from a good mentor, but it costs me very expensive and I choose to learn another trader experience from forums.

I'm nubie too in this business so this thread is very useful to me. I heard and found in internet, many of them suggest to newbie to learn the basic part first, train the mentally and patience, also discipline with own trading strategy. Wait for the best setup first then enter the market comfortably but this part is the most difficult because I still impatience. I hardly make a profit return in every month, always end in loss every month.

There are some favourite pairs that I have, AU, GU, EU, ECHF, and EJ. But I like GU and EU mostly, same with you. Because this pair was the first I known and trade in forex. The time when this pairs move volatility was around noon time in my place, so it suit with my local time and I focus to trade it.

I use 0.5 lot per trade that cause me a 2% risk of my account. If I can make my account bigger then I will increase my lot size to earn more profit. I feel little unsatisfied with my current trade because I only get small amount of money in my single trade because I have a mini size account. Hope can develop my account into a big and can use this business to fulfill my life.

That's true, using a big capital will give us a big profit in return. But also cause a huge risky in every trade,. Compounding our money is a one way to build our account bigger and bigger, but in compounding our money the risk that we can accept must be considered, I think risking only 1-2% of our total amount will be a good one.

My opinion, demo and real account has a different feeling. But if you can trade a demo acc like a real acc with the mentally and discipline then the demo acc will build you a great confident to trade in real acc.

Demo acc is very usfeul to prepare our mentally and can help us to train and develop our own trading system into the best shape. After that we can use it in real account and trade comfortably in there.

I'm a technical trader because hardly to learn the fundamental part. I use a candlestick chart and only use standard indicator. My open position is base on the price action combine it with a S/R line and trendline. Using much indicator make me fell pain, I can hardly see the clear candle or movement price. So I decided to use only 2 indi and all are standard indicator. Still learning the characteristic of the price action and far from the profit. Techinal is hard but I think not as hard as fundamental.

I prefer the live mentor because I can interact directly either through verbal or practice. I can ask my question more specific and show where I did not understand. Of course I will get better answers than with an online mentor cause an online mentor is separate by a far place where we can only communicate with words.

@yogesh

I agreed with you, there is always a balance number between buyer and seller. So if I place a sell order and close my trade as a profit then my profit is come from other people stop loss, and vice versa.

That's true that every our trade must be analysis first with all the current market condition, if meet the open position criteria then we can enter the market comfortably.

winzpc

I think demo account must be the first step for all new traders. Demo account is very important and must be assume as a live account, If we can than we can train our mentally to be discipline and patience. Also in demo account we can forward test our own trading system, so we can develop it into a profitable system. After that can be use in live account to make more profit..

winzpc

GP monitor is already known to many people because it has been long established. And through it monitors GP GT forum is visited by many people and became famous quickly. GT fast growing rapidly because many loyal members who come from GP monitor. In addition, some income from GP monitor is used to support continuation of this GT forums.

winzpc

@archu7

So this forum can be said more specific discusses about hyip. People who visit the forum or members in there can easily and helped with the latest news about the hyip. It make easy for someone to decided whether to invest in the program or not.

winzpc

myLot is a PTP program with a different interface from the others. There are much interest section in myLot which in each section contains many discussion, so we can easily found a new topic discussion to be responded. Sometimes also discuss the topic of discussion is going on in general so that makes us able to share experiences and learn from others' experiences.

winzpc

I have been trading forex for 6 months and still far from the profit. I still can't make a profit consistantly, one month get a profit trade but the next month I loss as much as profit I earn.

I have tried different strategy, using much indicator but still can't trade forex well. I still hope to become a good trader and trade for living. Now I tried a new trading system and hope can develop into good one.

winzpc

Hi, I also a nubie trader. I think the best way for nubie like me to learn the basic knowledge and practicing this forex business with demo account. Prove in demo account that I can make a profitable trade consistently in every month. Using a right money management, also try to make own system trading. Beside that our own personality must be trained to be more patience and discipline.

winzpc

Well is it really true?

Because if your are lossing that means another person is profiting that amount . I don't think your broker can get that money. But for sure they will earn from the spread. so i think they want you to succeed and make many trades as possible.

I agree with you, everytime someone loss in their trade then otherone will earn that because is always balance between the BUY and SELL order, it's like stock. So I think broker earn money from the spread and swap.

I agree But There is 95% risk so its seems scary but if you are lucky you will rock the money live happy life. well can anyone tell me how much minimum i can spend on forex ?

Yeah, forex is very risky and much trade lose in this business. I think that 95% trader lose the trade because they think forex is an easy business and didn't learn the forex basic. Seeing many professional trader that can make a huge profit and they want too be like the pro one. But they don't know how the progress that the pro trader have done to become a successful trader.

winzpc

I think there is no need to worry when we made some posts in LOT forum because admin in LOT will always pay us for sure.

I still waited the new thing that will be offered by admin here because the admin of LOT is very active to give surprise for his

members. This is really good.

You means that I can make as much as post in there and the admin will surely pay me, maybe around 50 posts per day.

Interesting, there are many surprise of new thing from the admin of that site, what kind of surprise is that?

@andry777

I love to see this forum progress until now and that I think because of admin and mod hard work here. Admin always make a good contest to gain members participated on it so it will bring a lot advertisers here cause they think this forum is very active and had a good potential for their business.

Great news that the admin of that site is very active and the mods too. You right, contest and new thing from the admin will attract much new members and also the advertisers. Then make the forum bigger and bigger.

winzpc

This game is really fun. I was playing flipping coins. First of all I deposited 50 cents. Once I made 25 cents for profit, I just withdraw it right away and kept playing the 50 cents. I do not believe in compounding for chance games like this.

We have to understand that for the coin flip game, each flip is 50-50 chance. I fear losing so I am reluctant to invest a lot of money in it. Just take profit when you feel it is the right time. I do not like the lucky wheel because the chance is too low. I don't bet on soccer because the process is slow. I only play coin flip.

I'm new in here and just found this thread with an interesting betting flipping coin discussion. I agree with you that this betting game is give a 50-50 chance and also I think is a risky game. But I hesitant to join it because I though it's very hard to win the system. Then I found many payment proof in here that means a lot of member can win in this bet and I think I will give it try.

I think all traders are agree that Time Frame is really important in forex. Each trader has different point of view about Time Frame and which one is the best.

In your view, which time frame that you think is the best in trading? You could choose one or more Time Frame as the best for you because as I knew there

are many traders who combined them.

I like to trade forex using Daily Timeframe. The lowest timeframe I trade is H1, lower than H1 is very hard for me. I agree with you that timeframe is one of the important thing in trading forex.

In my opinion, each timeframe has a different characteristic, so my trading strategy also different in each timeframe especially for the SL and TP place.

winzpc

I think almost all traders will agree with me if demo account is important in trading. So in your view, how long that is commonly

enough time to use demo account? If my view, I think for newbie traders who wanted to learn about how to trade, it will need

at least 1 month until 3 months but after that they still could use it if that is necessary.

hi andry777,

I'm a nubie trader and still in demo account. I think demo account is the best way to learn how to trade in forex for nubie stats. For me to step into live account, I must prove myself to become a profitable trader in demo account and if I can make a profitable trade 5 month in row. Then I will try to open a micro live account. So for me, there is time limit in using a demo account.

Now there are more and more people paying attention forex, but there are still many people focusing on HYIPs, For me , now I pay more attention to forex, because I think forex is better than hyips, so what's your choice bwtween them?

I will choose both. HYIP and forex are categorized as risky investments. When I earn some profit from forex, I will invest my profit into HYIP. So I can get more money from this both business, but also have the risk to loss all my money.

I think all traders will be glad if they could make consistent profit in forex. I hope I could realize that too but today I still couldn't do that.

Do you think it is possible for us to get daily profit in forex? I ever read there are some traders who could do that, how is your opinion

about that?

It is the ultimate goal for all forex traders can make a proftable trade

That is the ultimate goal of every forex trader to earn a consistent profit. I'm sure you can do it, but all it needs is a process leading to the stage. In my opinion, the key to become a profitable trade in forex is inside us such as dicipline and patience.

I think to get a daily profit in every single trade must be using a scalping way but also need an effort like time to monitoring continuously the trade.