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Sixteen
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Everything posted by Sixteen
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The video speaks it all as it really gives us the background of forex. Every newbie needs to get a look at this video as its easier to learn and understand. Meanwhile forex is said to be as the buying and selling of currencies inorder to make profit
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- Forex trading beginner kit
- Forex trading for newbie
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Some people do guess in trading without using a good strategy that suites them and thats why they always fail in the forex world. For me i dont think quiting is the right option as if i have the zeal to nake it, i will restructure myself and come up with a good strategy that will work out for me
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Leverage helps us to trade a good capital in forex with our little investment but i dont think leverages can help newbies in forex who hasnt got experience as they may tend to loose all of their investment which is really painful. Going for lower leverages tends to be better as we get a little loss if we loose.
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I believe that loosing is what we give us way to improve on our skill why trading and trying to come out with profit and futher more reduce loses we may encounter. Every professional trader today loses and without loss we cant learn. So losees play a role to make us succeed in forex trading
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Aspects to consider before you trade in FOREX
Sixteen replied to omar.elalfy's topic in Forex Newbies
I think when considering, we should consider about making profit and also about making losees. It just like predicting the market outcome and giving bet for a currency to rise in the future. The forex market is a large market and to win here, we have to have a good strategy that always works for us inorder to earn profit and minimize loses. -
For sure forex brokers do earn money from their spread as its common and everybody knows that and in terms of losees too they do earn money from it. Though there are losees in every business but i do think a good broker will manage its resources well after expenses inorder to land in a stable profit always.
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More than one account with one forex broker; is it advisable?
Sixteen replied to flybiz08's topic in Forex Newbies
Dont really know more about this but i guess having more than one account is not bad though it dosent make a good difference as i dont see the reason for members to have more than one account at a time because one account can serve us more better.- 79 replies
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- trading with same broker
- pro & cons of n no. of a/c
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Forex is really the buying and selling of currencies inorder to make profit. Many sites can lecture you better and sites like babypips.com tends to be tee best as you can really learn alot about forex trading and how it works. Good luck
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Yeah really looks like a gambling game as when we do loose, someone gains as the money dont come from heaven but come in between the traders. So thats a good plus for experience traders as they would know how to lay their strategy inorder to win profit in trading forex
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Having a good mentor makes it wasir for us to learn how to trade though we need to improve our skills at some particular times but like its said, a mentor is just a plus for us and can really help us to know how we can trade perfectly well. So having a mentor is never a bad idea.
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- Forexmentor
- forex mentor necessity
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Importance of Demo Account/virtual account in Forex
Sixteen replied to abdulla1's topic in Forex Newbies
That means really have to be careful before jumping into real trading. The most part of it is that we need to give out time with our demo account for months inorder to be a good match while trading with real account but the problem is that most of us wants to start earning fast without giving time to develop our skills with a demo account.- 751 replies
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- forex virtual account
- forex demo account
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Yeah thats right. I have a friend that do trade with his window phone sometimes and everything tends to go fine with his trades. It true that some phones do trade but those phones are very expenses and it better to use the money to a pc if you dont have one than purchasing a mobile phone for trading in forex
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- Mobile forex trading
- how to trade forex via mobile
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Yeah thats right. Choosing a good trader is a good way to earn profit if you are not good in trading forex. For me i dont think i will invest all that money into forex. I think 1500 dollars will be okay and will use the rest to invest in other programs.
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Should I put a lot of indicators on my trading chart?
Sixteen replied to flybiz08's topic in Forex Newbies
We can really see some people testifying that indicators help but am not too sure in terms of using many indicators to trade. Like its said, knowing the current status of each indicators will really help and we should know when to use them at a particular time while trading in forex -
Well for me my expereince has all been getting to know forex, the background and how it works. Really hope to start off trading someday so that i can really gain more experience that will improve my trading skills and wereas create a way for me to make good profit in forex.
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An advise is for the newbies to invest high capitals and go for lower leverages as it will help not to make big losees if we are loosing. Going for higher leverages mean we are risking our money and the end might not be profitable as we got to loose all we have..we have to be wise.
- 247 replies
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- leverage in forex trading
- Is lower leverage good
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A newbie should know that professional do loose in forex, they should know that forex is not a get rich business and they should know how to manage their profit when trading. Some newbies are greedy and they tends to loose it all. Its always good to be with an experience trader that can give you tips you need to know while trading.
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Want to know how brokers make profit from your loss ?
Sixteen replied to abdulla1's topic in Forex Newbies
In terms of pips, their is differences and i think brokers make money when we trade weather we loose or gain but in terms of losees, brokers tends to get more money here as a newbie always loose until he has a good skill to make profit in forex. Another things are orders, when we make orders brokers do gain also. So their are many ways brokers tends to make profit. -
I really think forex brokers earn money with our losses and thats a good business from us. If we investing, it means that they can gain from us and thats why the spend alot of money in forums urging members to sign up and use their account to trade. The world is a business world, and everyone wants to make profit
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I think earningsuch amount is not easy and its very much hard to earn it daily. Common do you guys know the amount of investment one has to make inorder to earn 1000 dollas daily. For me its rare and i think big companies that have alot of money are one that can possibly earn that amount.
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I really think when i withdraw my first profit in forex, i will buy up good things i will always see and say yes that the profit from forex i use to buy up good things. And again we withdraw our profit money from forex inorder to solve other financial things while some will reinvest it to make more profit i guess.
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Is it possible for me to sell my forex account online
Sixteen replied to chuna1985's topic in Forex Newbies
For someone buying a forex account is not advisable as we can create one with our own informations for free and mind you in terms of the processor i think it will be the seller processor unless its been changed. Its good for one to havee his own account because buying a forex account wont make a good difference -
So which really means that trading with robot when having enough capital is really the best as we can earn good with it. No wonder i do see some forex traders testifying about the use of forex robot as it gives them profit while they are doing something else.
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Welcome bonus by brokers - Make guaranted money
Sixteen replied to yogeshwartyagi's topic in Forex Newbies
Actually those bonuses helps to encourage especially we newbies to strat off trading in forex by not investing form our pocket. But we can see in many cases as the newbies tends to loose it all sonner or later and might be attracted to invest. Its just a promotional stuff from the brokers to attract investors in forex