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gaban
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Everything posted by gaban
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hone your trading with a demo account and a real account
gaban replied to rizal83's topic in Forex Newbies
Agree, but we need demo account to train our trading skills that should be useful for real account next time. -
Obviously, I never heard of forex robot that doing news trading. It's like a gambling machine that runs on some lucky draw.
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Yes, measure the risks and try to minimize it well with your risk management. Make sure to put stops on your trading order.
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Be sure to know your own risks when you put a trading order in your platform. Make sure to know how to minimize it.
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hone your trading with a demo account and a real account
gaban replied to rizal83's topic in Forex Newbies
Agree, because on demo account, it just a simulation that you can use to train yourself to trade better so you will be ready for real account in few months. -
Overtrading comes from lack of emotion control after facing several losses. Makes the trader out from his discipline too.
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Because on demo account, you can just train yourself. And this kind of simulation doesn't 100% represent the real condition of real account.
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The addiction here comes from when you can earn or even lose the money in short time. And some of them who are addicted to forex forgot on how they could manage the risks
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Just make sure that you can measure the risks so that you can handle it really well and gain more profits.
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And in offline teaching, you don't have to struggle over bad internet connections and teach them directly to understand things or two about forex trading.
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Agree, most beginners still considering this business as gambling which is really dangerous to their funds.
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Agree, we need to make a trading plan in order to securing our own funds and to make us stick to the target.
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It measures your reward and risk levels. Better to consider it before you deposit your money on the trading account. It's good for your MM
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They better to learn more in case if they still want to make some good profits. Because this business has no expiration that we can trader as much as we can.
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Semi manual robot means you execute the robot, but you also have to monitor the progress and manage your funds and risks.
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EA will always helping us for a profitable trading. But keep in mind that EA doesn't give us a constant profits due to dynamic price movement.
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Well, will you be able to challenge yourself to be trained by your own mentor, your patience, your brain and your sanity must be ready for that
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Well, we need to be more patient in order to gather some experiences on forex trading. Evaluate it in the end of trading session so that we can fox our trading skills far better.
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Well, also on the price conditions, they prefer to trade on sideways condition so they can analyze it well. And also, they are always evading news.
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Because on mobile platform, I always use it just for monitoring the orders I have opened and close it in case of profits of even cut some losses.
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Some traders consider this as their own side job and never leaving their main job because they know that forex trading is not always profitable.
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Agree. Although, Forex is not a gambling game that we can use our gut feelings to do trading. It's better to learn through simulation first.
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the trader most important work is forex study because forex is a most learnable business and learning is must required for earnings of the forex business . If we earn money from the forex business we should learn about forex more careful and patience with the risk
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Forex trading is risky business. if we want to start trading in forex, we should use small amount. We should prepare what we need for trading in forex. Education and training are needed. We can use use demo account to hone our trading skill.
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Forex Trading Psychology: Levels of FEAR
gaban replied to asiaforexmentor's topic in Forex General Discussion
psychological factors so we need to control, for that reason in the emotion of trading was very influential to the desired results, and we have nothing to fear in trading activity because it would be better if we seriously started trading on a demo account first