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Everything posted by gaban
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Yeah, i trade on fridays, surely with my broker, InstaForex. But i still confused why many traders avoid to trade in this day.
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Yeah, at least if we use a demo account first, it will be easier to trade using real account. We should be able to use a demo account as well as possible.
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It's too risk we are new in forex then we make forex as our job. I think we should do trading as our part time job until we can make profit consistently and i think we can make it as main job, but it would better if we also have other real job as our backup of finances.
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Only traders and ordinary people who do not understand say forex trading is similar to gambling. It's clear that trading is different from gambling, we need the ability to analyze the market when trading, we need the ability to manage money, not just relying on luck only.
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Of course, I have my trading plan for trading in InstaForex. Without a trading plan, I think we trade will not run properly. And to create a trading plan is also not easy.
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Making profit is easier than make it consistently. I can say like this because i have experienced it. Today, i can get profit with big amount, but next, i can't make it.
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That is why the results of trading with a real account with a different demo account. However, we do not abuse this account, because without a demo account, we will not be able to know and understand the basic trading without real risk.
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Yeah, this is fact, because i have experienced it by myself. I felt easy to get profit in demo, but after i tried in real account.This is not easy as trading with a demo account. There is a feeling of fear, doubt, and so on, certainly my psychological tested when trading with real account.
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That makes us feel difficult to get a consistent profit is a process that we can not run properly. Because after all, we need a process, not an instant. Go with the process and keep learning.
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Forex forum Do you think forex forums can improve my trading skills?
gaban replied to flybiz08's topic in Forex Newbies
My goal is to improve trading skills can earn consistent profits in forex. With active in the forum, we will gain valuable lessons from the experiences shared by other traders.- 456 replies
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- importances
- added advantage
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Forex forum Do you think forex forums can improve my trading skills?
gaban replied to flybiz08's topic in Forex Newbies
Yeah, you're right. And experience is the best teacher for us because it give us valuable lesson that we can learn and use to make our trading skill be better. I also get free capital from forex forum to trade with my broker now.- 456 replies
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- importances
- added advantage
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Demo accounts and real accounts are two different types of accounts, but the demo account is the first step that should be taken by the trader before trading with real account. Trade seriously although we just use demo account, because this is the basis of the decision when the time is right for trading with real account.
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Importance of Demo Account/virtual account in Forex
gaban replied to abdulla1's topic in Forex Newbies
Of course, practice with a demo account also requires knowledge of forex and the practice with a demo account, we will gain trading experience that we can use to learn before trading with real account.- 751 replies
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- forex virtual account
- forex demo account
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Importance of stop loss placement in forex trading.
gaban replied to asiaforexmentor's topic in Forex General Discussion
The problem is not how much money we've got to get a return but how do we manage the funds in our account so that we can get the maximum return. Even, i just used $35 to start trading with my broker now. -
You have be able to make profit consistently, haven't you? It is a proud thing, make consistent profits in the forex and make forex as a main job. Can you give advice and tips for traders here, how to make consistent profits in forex?
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Forex forum Do you think forex forums can improve my trading skills?
gaban replied to flybiz08's topic in Forex Newbies
Right. We can get valuable lessons from trading experiences that shared by other traders and it's very useful for our real trading.- 456 replies
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- importances
- added advantage
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It's huge profit, i think it's not easy. For me is not how much profit that i can get, but how i can make it consistently.
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Experience also have important role. It give us many valuable lessons. And we must remember, we can't rely on luck only if we wanna get profit consistently in forex. We must learn and make practice regularly to hone our trading skills. Yeah, we need them to be a successful trader, although sometimes luck also help us, but it's not every time.
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Of course, forex is not only risky business, every business has right and if the risk is higher, the return is also higher.Risk and return to be received by the trader comparable. We must be able to minimize the risk to get maximum return.
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Excatly, demo account is different with real account, we can compare each other.Lots of people make good profits in demo accounts but they lose in real accounts. The reason is the psychological state of the traders (fear,greed)
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Forex forum Do you think forex forums can improve my trading skills?
gaban replied to flybiz08's topic in Forex Newbies
Yes, we can improve the ability to learn from forex forums. Knowledge and experience that we get from other traders can use to exercise and by practicing it regularly, I'm sure our trading abilities will be better.- 456 replies
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- importances
- added advantage
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Yeah, i think so. Forex is not easy as we imagine, especially to get profit consistently. It need process and take time. Each trader require different time, depending on how the trader's own efforts.
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Yeah, to earn profit in forex, we need knowledge, and good skills. We must continue to learn and make practice. And demo account is the right place to make practice, and keep seriously when use it.
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Not only for new trader, but demo account is for all traders too. But i agree, demo trading is the best place for beginners to learn trading and understand about basics of trading without any risk. That's why demo account is very recommended for beginners.