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tirus
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Everything posted by tirus
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Now that is really good to see and it would even better if more members were to be active on the forum more regularly. This is what I plan to do myself as I really miss earning in here and feel jealous whenever I see payment proofs from other members knowing I could be on that list of cleared payments too...lol
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Its a personal choice indeed whether you are going to trade in the demo account first before going into real account but I would certainly advice against skipping it. You have to get some practice first before you can go into the real thing and the demo account is where you can freely get some practice without having to lose real money while you are doing that so why not use it.
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If you are just going to leave things and just hope that they will turn out right because of the dream that you had then you would be making a big mistake. You should be more concerned about learning and maybe letting that dream drive you indeed to work harder so that you can become a better trader.
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Forex forum Do you think forex forums can improve my trading skills?
tirus replied to flybiz08's topic in Forex Newbies
Yes, the discussions are really helpful in giving advice and tips on how we can handle ourselves better when it comes to different situations we come across during our trading in forex. Even newbies who have their doubts about forex trading get their fears allayed in here and are given a more realistic view of what to expect from forex trading at these forums.- 456 replies
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- importances
- added advantage
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Importance of Demo Account/virtual account in Forex
tirus replied to abdulla1's topic in Forex Newbies
This is why there are many more brokers that are introducing these demo contests in an effort to get more beginner attracted to practising here with the prospect of earning a good prize or bonus funds to trade with in the real account. The practice that you are getting here is invaluable because it helps make sense of the theoretical learning you have been doing all along.- 751 replies
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- forex virtual account
- forex demo account
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You must have the right skills and experience to back you up besides substantial amount of capital if you want to go into forex on a full-time basis. For me I would also prefer that I show some consistent profits from trader over a long period of time if I were to look at forex being the main source of income for me because I would know then that I can sustain profits.
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Its just better to take things one step at a time. Start with learning forex first and make sure that this is the business that you are going be comfortable engaging in and prepare yourself by equipping yourself with the proper forex knowledge. Before you start looking for companies to invest your money with make sure you are knowledgeable when it comes to forex.
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- advice
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Yes, continuous losses really mean that we are not something correctly and we have to strive in identifying what it is that we need to work on to become better traders and influence profits from our trades. Quitting should not just be an option that we easily explore because it will deny us the opportunity to see more profits from forex as we may be leaving prematurely.
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Losing is part of the trading of forex and every trader whether they are a newbie or an experienced trader should be aware of that fact. This does not mean that we should just accept losses without doing anything when we encounter them but we should not totally shutdown when we see them but learn to handle them better as part of the learning process.
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When you come into a new environment it makes sense that you will find difficulty in navigating your way around and the same happens when it comes to forex trading. In time as you get to improve your knowledge and experience of forex it will get better and you find it much better to know how to react within trades because you have a trading strategy you are confident in using.
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If you have faced loss by making some mistakes in the past you are bound to be more alert indeed in the future when you come across the same situations. One thing to consider as well is that you can learn from other people's mistakes and experiences too that can help avoid you from facing the loss yourself so you dont necessarily have to face the loss yourself to know how to handle the situation better.
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This is true and it would also depend on the level of experience that we have in forex trading as well. I would better spend some of the investment into forex but make sure that I have some funds left over that I can use in the future should I need to reinvest while the other is spread towards other investments as well to gain income from various sources.
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Granted, you may not expect to make such huge profits from trading with small amount of capital but that does not mean that it should stop you from trading at all. You can still make some profits out of your trades and it would be best to also gain experience while you are gathering some capital from other sources too.
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- forex misconception
- top forex miconception
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There are brokers that do support for the mobile platforms and actually offer downloads for the various mobile devices like the for the android, iphone and even the Ipad. Its just a matter of checking with your broker to find out if they do support for mobile trading and if your mobile device is supported or not.
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- Mobile forex trading
- how to trade forex via mobile
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Is it possible for me to sell my forex account online
tirus replied to chuna1985's topic in Forex Newbies
I just dont think that its worth the risk especially if I would need to buy out the previous account holder upfront before I can continue with the necessary processes to change the details over. What if the broker refuses to do the required changes and it is imperative that you verify you account before you can make withdrawals. You would be losing out in that case. -
You are right in that the trader themselves has the power to make the demo account trading very effective by simply applying a mental attitude in here to simulate the conditions of a real account. The true test though will come when the trader eventually goes into the real account because some pressures like emotions are not that easy to simulate and will require practice to control.
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Forex Yes, having a good trading capital is vital if you are become successful in forex and make good profits out of it but having that capital without the knowledge is indeed useless because you will likely lose all that money as you dont know what you are doing. Forex remains a good opportunity to earn online for those individuals that are prepared to do what it takes to learn and better their skills.
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One should not go into forex expecting it to be a short-term solution to their financial problems because they will be disappointed with the results. It takes time, patience and discipline to make a success of forex so your plan needs to be in the long term and involve proper learning and practice if you want to become a good trader in the long run.
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- long term forex trading
- risk in forex investment
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Welcome bonus by brokers - Make guaranted money
tirus replied to yogeshwartyagi's topic in Forex Newbies
You are also able to test out the trading platform and the features of the broker you are working with. Yes, in some cases there might be conditions that require for some deposits to be made first for example because you can withdraw any profits that you make from the welcome bonus but it is still good experience in the real account for a newbie even if they cannot withdraw profits. -
Spending your profits would remain an individual decision at the end of the day but it would advisable to have some money that is left that can serve for future trades in the form of capital while you are also rewarding yourself at the same time. Rewarding yourself no matter how little it may be will also motivate you to keep on learning forex to improve your skills.
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Yes, the most important thing that we can gain from having a good mentor is their valuable experience that they provide to your learning. They have been there before and have made mistakes that cost them dearly. They therefore are able to make use of that experience to help us to learn faster and avoid the same mistakes that they did when they started.
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- Forexmentor
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What yo can do is to set for yourself a target that you need in order for you to trade with. The split it up according to your time on the forum and see how you can go about in accumulating it. There are many forums that are paying out bonuses to trading accounts and making use of these forums is a good idea although you might not accumulate thousands in the short term.
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hone your trading with a demo account and a real account
tirus replied to rizal83's topic in Forex Newbies
Psychological factors will be more likely experienced and felt in the real account than in the demo account because in the real account you are now using real money to trade with. This in itself does add to the pressure of trading in the real account because you realise that your decisions can end in profits or losses. -
The best way for anyone to approach forex trading is to get the best knowledge to back them up first. You dont want to make an investment into something that you do not know because you will end up losing that investment which is basically what gambling is. With forex you have influence over the result of your trades while with gambling you just hope for the best.
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That is the advantage of posting on this forum because no matter what payment processing is really quite fast in here so that is the last thing to worry about. At times that payment processing is rather slow you would know that admin is probably quite busy or really engaged with other duties because he rarely does not make time to clear payments here.