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Everything posted by gaban
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forex is foreign currency trading. The forex market is open 24 hours with 5 working days. So we can trade whenever you want. To understand forex, we need to learn and practice. We can learn and practice trading using a demo account. Here we can understand the basics of trading. For starters we can also learn trading through instaforex training videos. Here we can learn a lot about forex trading. After that, we can test the ability of our trading in real account. In instaforex we can open a real account with $ 1. And you can test your trading skills.
- 44 replies
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- Forex trading beginner kit
- Forex trading for newbie
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copying traders is very no good for beginners. it will only lead to laziness, because we tend to be lazy to learn and practice. consequently our trading skills will be blunt. Therefore, it is highly recommended for beginner traders do not use copying.
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forex risk is great. but we can minimize the risk. skills and knowledge of good trading alone is not enough to be successful in trading. Discipline, patience, good money management is indispensable.
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make forex trading as the main job is not easy. We must have the knowledge and skills of good trading. given the huge forex risk. we will never know what will happen in the future. Therefore, we should have a side job if you want to make forex trading as a major work.
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How much capital that you used in trading?
gaban replied to andry777's topic in Forex General Discussion
yes, with forex trading then we can get the money. but we also have to understand the forex risks well. Forex risk is huge. With the understanding that we can minimize the risk of loss. Therefore, we must have the skills and knowledge of good trading. -
greed will only bring bad impact for our trading. By greed trading we can get loss. we do not need too lust for profits that much. Remember, forex is a high risk business. If we want to succeed, we must be able to control our greed.
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Is it advisable to trade on all currency pair as a newbie?
gaban replied to flybiz08's topic in Forex Newbies
one pair is better because we can focus on our trading. So that the results will be better. I also try to focus on a selected currency pair. I prefer trading using the pair EUR / USD. This pair is a pair of the most popular. -
I agree concentration is important. when we learn in the demo account, then we have to concentrate. due to the concentration, then we will easily understand forex. So when we will feel real trading account is easy. Profit so that we can get.
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I think we should have a side job in addition to forex. Not forever forex will go ahead. In a business will sometimes fall. To avoid that possibility, it should be if we have a side job. That way when forex fall, we still have an income.
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Welcome bonus by brokers - Make guaranted money
gaban replied to yogeshwartyagi's topic in Forex Newbies
bonus is very tempting. Because with bonus then will increase our trading capital. So that we can trade with a large lot. But we also have to be careful against the bonus given. If we can not control yourself well, then we will run out of account because our greed for profits that much. -
I think so, besides that forex has high liquidity and we can get profit in two ways, when market movement is up and down. There's leverage that help us to start trading using small capital, we also can get free capital if we use broker which offers it, like InstaForex.
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Forex trading is a very good investment in the future. Today, many people are starting to invest in this business because this business has many advantages. Such as high liquidity, small capital, etc..
- 336 replies
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- long term forex trading
- risk in forex investment
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Importance of Demo Account/virtual account in Forex
gaban replied to abdulla1's topic in Forex Newbies
Demo accounts are very useful for newbies to learn the basics of trading. Here we can know the actual market conditions, operates a trading platform, etc.. we must be serious in learn trading in a demo account, if we want to trade in real account success. We can try to test the psychology of trading in real account with $ 1 in instaforex.- 751 replies
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- forex virtual account
- forex demo account
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I agree with you, to get the maximum trading, then we seriously need to practice in a demo account. if we study trading in a demo account seriously, then when the real trading account, we will actually helped.
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not, for the moment, I do not have the mind to make trades with copying professional traders. Any bad results of my trading, I would be grateful. By not copy the professional trader then I can train my trading skills.
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I agree with you, forex trading is a risky business. everyone can run the business, but not all of them can make a profit. Knowledge and skills alone are not enough to be successful in forex trading. Psychology, discipline, patience, good money management is also very necessary.
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yes, I had that experience. I did not install SL when trading. I predict that the price will rise. I do not close the trade when sleeping. As a result, the price reverses direction does not fit with my predictions, so I lost a few pips, even close to the MC. For now I am more careful when trading. I will put my SL when trading i am not closed when sleeping.
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I prefer a trade. I am a short term trader. have one trade for me a better. because I can focus on my trading. Trading time that I have had very limited. So, if I can then focus my trading, results can be maximized and I can get extra income.
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demo account is a great base to build trading skills. and we can also learn the basics of trading. Here we can trade with virtual money. Not only build skills, but the demo account can also be used to test trading strategies.
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I agree with you, when we first trading then we have to be careful again. Because we do not know the risk they pose. Opportunities to gain profit and loss fifty fifty. for starters, we can trade using minimal deposit. In instaforex, we can deposit $ 1.
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In my opinion, what distinguishes the forex trading with gambling is good money management. In gambling, we do not need a good money management. But forex, we need good money management. If we make trades without good money management, then forex trading is tantamount to gambling.
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I think we also need trading every day to train trading skills we so much better. Like a knife that every day needs to be sharpened. Likewise with our trading skills. We also need trading training that our skills in order to better again. because to the ever-changing market prices are uncertain. With the ever increasing capabilities, we can minimize the risk.
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yes, I agree with you, good money management is indispensable in forex trading, to minimize the risk. without good money management, difficult for our trading to survive.
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Want to know how brokers make profit from your loss ?
gaban replied to abdulla1's topic in Forex Newbies
yes, the broker will indeed benefit from spreads and commissions. and all this time I believe trading on instaforex. in instaforex, I can trade with ease. So I can focus with my trading. and most importantly instaforex not a scam broker. -
What is the best forex trading strategy?
gaban replied to deviddiya's topic in Forex General Discussion
I think it all depends on ourselves. we can get good results when using the strategy , if we could discipline and psychology we better. Because a good strategy is not enough, we also must have good psychology so the results can be maximized.