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Everything posted by gaban
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Both have each advantages. We can get many advantages for our trading if we use a demo account as it should. We can hone our trading skills without any risk. Beside that, we also can use this account to take part in demo contest to get chance to win the prize. And by using real account, we will get real reward if we wanna trade well.
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When our mindset focused on the amount of revenue that we get in forex, most likely, will appear greedy and will make our trading becomes a mess. So, if you wanna get success in forex, don't be greedy.
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Yeah, Both of them are very essential thing in forex. And i just use forex forums to increase my knowledge about forex, because there are many trader who share their trading experience and i can learn from it.
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People who are greedy will not be able to get success, including forex. Because as we know, forex is a risky business. Do not need a big profit, the most important thing is consistency.
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Which broker do you trust to invest your money ?
gaban replied to kaito kid's topic in Forex General Discussion
Each trader does have different criteria in choosing a broker and that is why there are a lot of broker in forex. But basically, the trader wants a safe and convenient broker to trade. -
We have to knowledge about forex first, then we can make practice in with demo account because without knowledge about something that we can do, we can't do well, even with knowledge, we still find difficulty. Learn and practice are the ways to get started with forex.
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I think the traders here have found the right choice, which is trading with a broker that provides a convenient service, so am I in InstaForex. Hopefully, we can achieve a profit consistent with our broker.
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Importance of Demo Account/virtual account in Forex
gaban replied to abdulla1's topic in Forex Newbies
Trading in demo is the right step to learn trading by practice but we must learn to get more knowledge about trading so we can apply it in practice. And take part in demo contest is not bad thing, because we can hone our trading skill among a lot of trader and we also get chance to win the prize. not only beginner but also an experienced trader use this account, like test their trading strategy. Many advantages that we can get from this account if we can utilize well.- 751 replies
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- forex virtual account
- forex demo account
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Lack of knowledge and practice can make us difficult to gain profit in forex. That's why we have to practice and continue to learn, because after all, science is definitely growing. And do not look at things from the outside only.
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Forex can indeed be used as a full-time job. But I think we should be able to profit consistently first. Too risky, if we make forex as the main job, but we have not been able to get profits consistently. Forex is a risky business, which is why I prefer forex as a part-time job.
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In order to make the analysis well, certainly needed a good ability as well, that's why we must continue to improve our trading skills. If we do it, we will get more experience that we can use to learn.
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Yeah, we should be grateful with what we've got, because other traders not necessarily get what we get. And I think the statement "Do not ever be satisfied with what we've got 'better I mean we should not be satisfied with the capabilities that we have, so we must continue to improve our trading skills.
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Many traders like this strategy because they can get profit in multiple time. A scalper utilize any market movement to gain profit, that's why they prefer to use high leverage and low spread to do scalping.
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Exactly, although we just use virtual money to trade in demo, but we have to serious because it can so that we can also seriously when trading with real account. And we have to remember that our psychologically in real trading and demo trading is different.
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That's the advantage that also I feel in InstaForex. In addition, we can also get trading capital without having to deposit using forums that give bonuses for posting and they also give convenient service.
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The best service and make traders feel comfortable when trading. That's what traders want, because comfort can affect our trading results. And I am happy with the broker I am using now, because I get the best service and I feel comfortable when trading.
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Exactly. But without demo account, beginners can't learn trading without having to deposit first and any risk. I also still use demo account to hone my trading skills be better, beside that i also use it to take part in demo contest which held my broker.
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Yeah, All need process. So do not expect to make a profit consistently quickly. Even, an experienced trader may still find it difficult to get consistent profit. That's way i always to improve my trading skill and learn more about forex.
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The biggest loss in forex is margin call. I ever get it but i'm grateful because of it, i get valuable lesson and make me to be a better trader than before.
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Yeah, i also hope i can be a full time trader some day in forex trading, but i think i have to effort because i haven't able to get profit consistently in forex. I hope i can get more knowledge and trading experience from other trader in this forum that i can use to learn.
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- Learning forex
- Should i trade in forex
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Yeah, the best service that is the most important, because we need the service, not the awards that have been received by the broker. The award is one way to see whether the broker is to be trusted or not. And i have got the best service from my broker that i'm using now, for bonus, i can utilize their forum to get additional capital without having to deposit first.
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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
Not a problem just it's too risky. Better to trade with one pair to be focused while trading and we can make maximal profit from pair that we're using now. I also use one pair only when trading with instaforex. -
Without knowledge we're not going to get the experience. With the knowledge we learn in practice, so we'll get trading experience. With the knowledge and experience we've had, I'm sure we can trade well and do not forget to always learn and do more practice.
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As a trader, we do not get greedy, because that attitude will harm ourselves. Thankful for what we get, because we can not necessarily get bigger if we still continue trading after the profit was obtained.
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Do not ever take a big risk if we are not able to do so
gaban replied to rizal83's topic in Forex Newbies
Yeah, Yeah, we must dare to take risks if we want to succeed, because every business there must be a risk. But we also need to minimize the risk, not just brave only.