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gaban
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Everything posted by gaban
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Trading Guides Can Guide You to Success
gaban replied to smithlover84's topic in Forex General Discussion
guide to success in forex trading is a good trading skills, discipline, patience, and a good MM. Success in forex is not easy. We should be able to master it all if you want to succeed in forex. Given the very large forex risk. successful trader is a trader who works hard. for that, we have to work hard to be successful in forex trading. -
When Did you start your First Trade?
gaban replied to kiranchandra's topic in Forex General Discussion
I start trade 2 years ago. The first time I lost money $ 80. after I engaged in this business then I could understand that forex has a very high risk. So it is not easy to be able to generate a profit from this business. If we start trading without having good skills then we will only lose. -
same with my broker as well. In instaforex, we could became IB and commissions are given also very large. So that would be beneficial as an additional income aside from forex trading.
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Importance of Demo Account/virtual account in Forex
gaban replied to abdulla1's topic in Forex Newbies
demo account has the advantage for us. By trading in a demo account so we can get a trade skill. In addition, we can also understand the characteristics of the market and currency. By knowing kerakteristik of the market then we can make good trading analysis. -
I currently trading at instaforex. and can get a bonus post from instaforex. So profit that I can the from trading with the bonus post I use to back to trading. In addition to capital. If I could trade well, then my profit will increase.
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currently all brokers offer demo accounts which are given for free. So that we can use to practice trading. We must be serious in studying trading in a demo account. That way, we can get a lot of benefits. After that, we can try real trading account by using the bonus post
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if i had the money $ 3000 so the money will be invested in forex trading. But before that, I had to learn first on a demo account. since forex has a very high risk. By learning in a demo account so I can get a lot of trading skills, invetasikan So the money I would get a profit.
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forex is not a scam, because we can get a real advantage in forex. For get benefit then we have a lot of good trading skills and trading experience that much. So we can get it profit of forex.
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for a newbie, I think we have to be wise in choosing a suitable leverage. Low leverage could be an option. Because Forex is high risk. High leverage can be dangerous for a newbie. Moreover, if we have a bad psychological, do not try to use high leverage
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bad psychology is the fault of newbie. Due to poor trading psychology then we would be wrong in making trading decisions. As we know, that forex is a very high-risk business. with that risk, then we should have a good psychology for forex trading.
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To make a profit from forex trading, then you should be trading in a real account. Once you practice on a demo account, then you can start trading real accounts by utilizing the bonus posts. It is very useful for the newbie to test the ability of trading
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trading using EA basically very helpful in our trading. By using the EA trading then our trading much simpler. But we must be careful in choosing the robot. Nowadays, many robots are a scam. And for beginners better trade manually because we can train our trading skills
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newbie mistake that is often made is too hasty to trade forex live trading accounts, trading without sufficient skills, As we know, that forex is a very high-risk business. We need a lot of skills to be successful in forex trading. Therefore, we do not need to rush to a real trading account.
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for that we must have a good risk management. So if there is something we do not want so the losses not will be even greater. We could use SL on our account. That way, when the price suddenly changes, losses will not be greater.
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demo account is a good place to practice trading. With a demo account, we can practice trading without risk. But the use of a demo account would be less appropriate for psychology training. To train our trading psychology requires a real account. with a minimum deposit so we can train the psychology of trading.
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Forex is a very high-risk business. So before you trade real account, then you should learn trading in demo account. Without learning in a demo account then you will only experience a failure of trading. Demo account with real account very different psychological conditions. because in the demo account we only trade with virtual money.
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If you decide to make a forex for a living then you have to think well. You have to understand the consequences if you want to make forex for a living. Because it is not easy to make forex for a living. Forex is a big risk. You can not just rely on skills good trading if you still have a poor trading psychology
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yes, I agree with you, forex is not as easy as we imagine. We can not succeed in forex with quickly. trading loss is always overshadow us. Especially for beginners, to get 1 pips profit alone is very difficult.
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I think depends on each trader's effort to achieve trading for a living. Because every trader has different capabilities. Traders who had long been trading forex also not be able to make forex for a living.
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in addition to utilizing a demo account, we can also utilize demo contest to practice trading. With demo contest then we can practice trading without risk. demo contest is very useful for newbie. because we can train our trading skills.
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depending on the trading strategy that we use. But it would be better if the newbie can trade in the short term. Because of the skills possessed by newbie still lacking. So that with short-term trading is suitable.
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common mistakes made by newbie is not push yourself to keep trading when the target has been met. In forex, nothing can be predicted exactly. for that we need the discipline of trading. shut your trades when the target has been met.
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I do not use the EA when trading. Because the robot is not good at being a fluctuating market conditions. I think a better trading manually. I can hone my trading skills better. Forex risk is great, so I'm more comfortable trading manually. I can monitor my account in real
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manual trading better than copy trader. A novice trader who trades using the copy will tend to receive signals from a professional trader. So they do not do their own trading analysis. That could result in our trading skills will not be developed. Therefore, I think we should be able to make trades manual so we will continue to learn. By doing so, we will develop trading skills.
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@decub, is quite high. But if we can utilize good use of leverage is chosen it will be very beneficial for our trading. As long as we can control our emotions trading. very important to control emotions when using leverage 1:1000. And use SL when trading then greater risks can be minimized.