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gaban
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Everything posted by gaban
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Agree. For beginners, you should dedicate yourself and invest you time more in this business. Believe me, it's really worth it .
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Agree, investing some times is really necessary here in order to understand more about this business and get a bigger chance to profit some more...
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Yeah. Some might compounding their profits in order to do a bigger lot trades, and some might transfer their profits to another account and risking it by doing a full lot trade...
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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... Some might get themselves in a traders community (and that's the good thing when you're not much active in forums) in their area. So the point is don't let yourself alone as a trader... -
Agree with this. There's no one who investing their money in forex trading without investing their time first. And it would be the worst thing ever if someone rather investing their money than investing their time learning about forex, cuz forex would be a fast money losing machine for them...
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Right! But if you're addicted to those robots, you might get yourself feeling lazy to learn more for yourself, and that's not a good thing, personally. And so, robot could only work in the certain market's condition...
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No, it's not money factory for everyone. For those who failed to survive in this business, they might consider this as money losing machine, lol. There is no money factory in any kind of business, everything needs a proper knowledge in order to achieve success...
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That's the point. At least we're never stop learning even it's not that frequent as before. And mostly we're learning from our experiences (both profits and losses in our trading career) by evaluating it...
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This is what I called a great trader, Thumbs Up! I mean, come on. Even an experienced one had a worse journey than this thread's case but was he quitting? No! They (experienced traders) tried to stick to their aim in this business and never stop learning and evaluating themselves...
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Even some pros are still using demo account to fix and train or even do some experiments to their trading strategies. That's why both of them (demo and live account) is important for your trading career...
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When you got yourself filled with greed, never do any trade! Why? It just wasting your time and your money, you'll get yourself lack of analysis and lack of any other preparations before opening a position...
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It's a real pain, though. And you just got 2 options: go back to demo and evaluate everything so you could do better in the future or if it was losing your entire sanity, you may quit trading. Everyone has the painful moments in their career and only less of them who could survive going through that pain.
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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
At least newbies could take any lessons from some trader's mistakes so they wouldn't do the same thing. It's a good place for us to share our experiences in order to teach newbies. -
How Much Time we Spend in the Demo Account.
gaban replied to showrov1993's topic in Forex General Discussion
It's unlimited, lol Most of traders in my country could move to live trading after 6 months struggling around in demo account but they never leave their demo account since they need it to train their trading system. -
It's not about to REALLY leaving your greed, actually. But at least we could distinguish it when we're trading so it wouldn't affecting our trading process. I know most of us are here (in forex trading) because one point, it's to gain profits (which is came from our greed) as much as possible. But letting your greed controlling your trading is not a good thing.
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Agree with this. Forex trading is similar to another kind of business. You need to learn, invest your time in demo training and be patient in order to be a good trader...
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Some traders got some free funds here.. You should check them out. And so, you can maximize the funds as long as you have a good and profitable trading system in your hands...
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The mobility of mobile trading platform is the most wanted things for those who aren't always in front of their computers...
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Right! Risk management will help us to minimize the loss due to unpredictable market movement. And so, just less of traders who 100% predict the movement of the market...
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You risk big then you'll get big. It depends on how much you're about to risk in forex trading. Train more and learn more to earn more...
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Mistakes that Forex traders are likely to make.
gaban replied to mody.saied's topic in Forex General Discussion
Right, gotta get yourself discipline to train risk management because there's lots of different cases that you will face and many kind of risk management methods you need to train and to apply. -
Most traders still consider this business as their side job even the earning itself is above than their main job monthly salary. And so, my mentor recommended me to do so, never quit your main job and keep trading as usual.
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why many people see forex trade as gambling?
gaban replied to rockstar's topic in Forex General Discussion
Some may treat it as gambling due to lack of knowledge and market analysis. But yeah, this business is not a gambling, anyway. -
1. Education 2. Experience 3. Luck (and it isn't an avoidable thing) And you're right, depends too much on luck is not a good thing.
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why many people see forex trade as gambling?
gaban replied to rockstar's topic in Forex General Discussion
The biggest indication that you'll see a gambler in forex trading is when the price is high and he sells it and hopes the price will go down without any proper analysis...