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radex78
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Everything posted by radex78
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Low leverage will prevent greedy trading because when only use small capital will not be sufficient funds to open new position orders. Choosing higher leverage gives more chances to make trades, however, the risk also increases when traders are greedy. So be wise using trading margin..
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If we can work discipline with scalping trading, this is also possible to make multiple profit from trading day by day, choose reliable broker with low spread and pair will gives more benefit of course. I also like scalping with using FXOpen broker which also including low spread broker from 0.0 pips, even possible gets negative spreads on TickTrader platform. If you are not familiar with TickTrader, this is trading platform designed for ECN broker
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Reasons Why Traders Prefer a Regulated Broker
radex78 replied to Fedra Bianchi's topic in Forex General Discussion
Yes, forex is long term business, by choosing regulated company means we already reduce the risk because in big market like forex, there is some people using forex to scam people. FXOpen broker regulated in three jursidiction ASIC, FCA and CySec. -
How do you trade if you are beginner?
radex78 replied to Katie_90's topic in Forex General Discussion
Trading forex is potential business to make double money through forex trading, however needs good skill in trading to makes profit regularly, because besides forex offers potential gain also there is a risk in trading, the risk is investor could losing money in trading. For beginners they can only trading using demo ECN FXOpen to practice in real market conditions using fake money. Make sure in demo already find best own trading strategy because work in real account will face different pressure -
True ECN brokers more convenient trading because the company is reliable, makes a good profit, and withdraw profit smoothly
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Ever burned your A/c due to forex margin requirement!!!
radex78 replied to yogeshwartyagi's topic in Forex Newbies
Using the lowest lot size is safer and less risky, despite FXOpen offering leverage 1:500, if trading always uses 0.01 lot size, good learning could grow small profit to bigger money.- 76 replies
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- strategy enhancement
- margin for long trade
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Benefits Of Using Trading Signal Services And Tools
radex78 replied to Bonnie Berry's topic in Forex Newbies
All decisions depend on us, whether will use trading signal and maybe need the cost to buy signal or we trade standalone based own analysis and skills. If you like using and subscribe trading signal, if profitable is good because your money grow, but if the result is still loss, learn standalone gives better understanding how to trade. -
In forex trading, the term long and short is described order position of traders, when traders think the price will rise, hence they open long or buy, and if they think the price will fall hence will open short or sell.
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Market conditions in the demo account is the same as the real market but using a different server, trading in the demo account you can register a new account through the MT4 terminal with choose demo server. Next filled the form registration to be submitted.
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First for beginners start with reading many resources forex to get more insight, while learning by reading you can try demo ECN FXOpen for learning by doing. Trading in the demo is free without any risk. Test skills and make sure to find suitable trading strategy with profitable results. Because working in a real account is harder than a demo, you must have strong psychology.
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No deposit bonus from brokers. Any suggestions?
radex78 replied to boltushkin's topic in Forex Newbies
Reading the term and conditions regarding bonus is essential, if likely easy to make a profit from bonus, hence no problem to try out, however if likely very difficult to make a profit from bonus, leave it rather than confuse -
Learning forex is long-term journey, forex trading is a risky business, and not everyone suits to forex trading. This is the need for passion for working in business and high dedication also motivation. In te beginning trading usually faced many times difficulties how to catch a profit, along the times learning, later gets easier to catch a profit in trading. This business needs high patience to work out.
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Now I see there are so many ads promoting automatic trading-based AI, seems development trading using algorithms also enhanced to using the latest technology, however, depends on trader will choose manually or use robot the risk forex is remain there.
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A demo account is useful to test trading skills in the forex market. For beginners, this becomes a place to learn how to use a trading platform and understand indicator trading in technical analysis and many other functions like as backtest trading using a strategy tester. Any trader can try to test robot trading in a demo account and watch the performance of trading.
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I have been trading with FXOpen broker for more than 9 years, margin call I think is normal in the process of learning, all traders I think had experience margin calls, if not, it's only 1 from 1000 traders.
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Despite open multiple chart on different pairs, but in trading only choose one pair to traded, because with choose one pair will more easier to manage the risk. In my broker there are more than 600 instrument trading, so trader freely to choose what instrument will be traded. Try TickTrader demo account and gets another experience using different trading platform.
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Could you suggest a forex trading platform ?
radex78 replied to sam_oi_2's topic in Forex General Discussion
TickTrader is good trading platform for ECN broker, there are various benefit using TickTrader platform, included open one account to access multiple CFD market forex, crypto, indices, stocks, etc.Using ECN account of course gets more benefit like get tight spread,even sometimes negative spread -
the trusted and safe forex broker. Do you know such ones?
radex78 replied to Katie_90's topic in Forex General Discussion
Traders come in Forex with a dream, and want to become successful traders, this is not easy business actually, however, if we have a good mindset and positive mindset, forex is a very attractive business as one source to make money from home, choosing the good and trusted broker is important for a long term, so far I trust to FXOpen broker is a good company with a strong foundation, regulated on FCA, ASIC, and Cysec. -
Trading forex in the financial market is open for a global society, we can trade on the reputable broker like FXOpen from entirely angle of the world, when traders are already profitable and consistent, making money through forex gives more comfortable because traders can work from home, going vacation from profit forex trading business. Feel enjoy in the life.
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No deposit bonus from brokers. Any suggestions?
radex78 replied to boltushkin's topic in Forex Newbies
Read the term and conditions before taking a bonus as your main goal to join the broker, many new traders fall into the trap because of misunderstanding, sometimes the broker offers a fantastic bonus but to make money from its bonus very very difficult because needs filled all tasks provided. -
It is possible gets a positive swap when trading on the pair with currency a higher interest rate paired with currency with a lower interest rate. Positive swap gives adding profit but negative swap reduced balance. For this, there are traders who trade with a carry trade trading strategy
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Demo accounts remain free to use, despite only using demo accounts but trader will face real market conditions, there is certain trader who use demo account to test the trend with open buy and sell at same time and open real trading to put new order based on the test in demo.
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Leverage is useful feature in forex trading, however, choosing leverage also need to wise because use high leverage could leading traders being greedy, and the most reason whjy traders get fail is they can't control emotion and becomes greed inthe uncertain market. Different broker maybe offer different maximum leverage, in FXOpen max leverage is 1:500.
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Both is good pairs to trade with low spread and high daily average movement, it is possible to get zero spread on two pair EURUSD and USDJPY. However, we can explore more trading pair to learn pair behavior
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Short term trading scalping needs to choose low spread broker and low spread trading pair. Not all broker allows scalping because high frequency trading could disturbing their server being slow. So choosing broker is very important if want to work scalping, FXOpen is good broker for scalping because this is ECN broker and also offer spread from 0 pips