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radex78
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Everything posted by radex78
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Why do we prefer the forex for the stock market
radex78 replied to rockstar's topic in Forex General Discussion
I have no ex[erience trading on stocks, sometime if reading trader stocks making confused to understand, because not yet ever faced with stocks trading with own selves, in my opinion in forex now also alredy available so many instrument trading and we can chose one instrument tadiing that we can undesrstood -
Importance of Comparing Forex Brokers
radex78 replied to David_Warner's topic in Forex General Discussion
Usually, as scalping trader they will more prefer trade with broker that has low spread and it will giving more benefit for them, if compared with broker that offer higher spread scalping trader will making comparison to trade with these strategy on broker, but maybe not all broker allow scalping so beter understand also with rules broker -
WIll beter if you spent more time to practice, although only use demo account but if you can test any system trading and learn how to manage money in uncertainty maket condition, actually demo account is good place to learn and practice, don't rush jump to real account without experience, because forex trading is risky and market forex very fierce
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If newbie already they have good confident then jump to real account, first to remember if real trading will different psychology if compared with demo account, so investing money that afford to lose first before imagine about profit in trading, now many broker offer low deposit like as forexmart
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Any trader they can using demo acoount to backtesting new system trading and strategy, or if they prefer using ea, they must backtest ea on demo account first to understand how these ea work, if only giving fail and margin call account, so better not used in real account
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Forex now is one of the Online Business
radex78 replied to luke1's topic in Forex General Discussion
Yes this is giving benefit for many people around the workd because they can take part in forex business only from home forex can treat as home based job like as housewife if they wiling to learn forex, actually they also can making money from this business, but of course required knowledge and smart brain to learn forex -
Actually forex market move very dynamic, but here as trader also need to learn to determine best timng to enter and exit, if only trader being recklessly in decision making often they will faced with floating loss so will beter if we always concentration with the market to determine entry point based on system trading
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How to become a successful trader as soon as possible?
radex78 replied to TekiJIa's topic in Forex General Discussion
It's okey if signal provider always generate accurate signal trading and making profit with low drawdown, as investor you already choose best decision becaue in fact in forex traidng eah trader have different skill, there are type investor which they want making money with their investment, and as trader they will learn how to making profit from their trading activity -
Different trader might hey have different result in their forex business, certain trader they can making money from forex business with become IB or partner broker and also they can get earning from profit trading which might some trader can making more than five hundred dollar and more if already have good knowledge and they can catcth all opportunity in forex business
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SECRETS TO SUCCESSFUL FOREX TRADING
radex78 replied to smithlover84's topic in Forex General Discussion
Successful trader will never come easily, required long time process and experience, but also will depending wth skill each trader also, if they can manage money in uncertainty market condition and they can learning the trend market behaviour, hence they can easily to become success trader I think, so if we want to become sucessful tarderalso ned learning and improve our experience. -
ONe advantage forex business right now is we have some opportunity to start wit bonus no deposit, this is still attract many trader to trying service and trade with bonus, and better before use bonus as trader already have good learning through demo account so with bonus as they can possible to increasing profit from trading
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How to Start Profitable Forex Trading
radex78 replied to ellliottt's topic in Forex General Discussion
I think how to become profitable trader required patience and also good learnng with the trend market, if any trader they can understand with trend that occur, whether on strong trending market, or trend in ranging market hence they can easily to adjusted strategy to catch profit in the market -
There are tarde which they use risk reward ratio between 1:1 which if they put stop loss twenty pips hence they also have target twenty pips also, and there are trader which use risk reward ratio 1:2 which it's mean if trader put stop loss twenty pips hence they will set target forty pips and so on
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Scalping trader usually they use five minute or fifteem minute timefarme, because they will work plan as short term trading, with catch profit on small target pips, maybe as beginner also they can learn practice trade with scalping, but if often fail and making them being emotion, trade with intraday trading will make more comfortable and enjoy
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For beginner practice with emo account actually very important, they can learn how to use metatrader platform and using many feature in platform, there are many kinds indicator available, and trader beginner can testing one indicator and learn how to use in real market condition using virtual money
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Certain trader they said if better start directly in real acount use smal capital because will feel directly to real condition, but I am agree with you if bekter start with demo account, here as beginner they can learn one system tradng might using indicator and then backtesting in demo account for several month and look their confidence before start in real account
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Importance of Comparing Forex Brokers
radex78 replied to David_Warner's topic in Forex General Discussion
If already as tarder they want to investing huge money, choosing good broker is important to avoid scam broker, and one issue which very important as trader is they must choose broker that have regulated, I think if you in doubt hence you can ask question to contact support about this matter or reading about company on website -
I think we can trade forex anytime, but also it's not mean we must trade everyday because the market sometime move on flat condition, which might givng less opportunity to making profit, as trader they need to understand with the market behaviour, so they can trying to enter in best timing to making profit
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Maybe different trader have diferent view about stop loss, some trader might put stop loss based on support and resistance area, and some another using pivot point calculator to determine support resistance, but might also there are trader using ATR indicator to calculated stop loss
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Scalping is short term plan trading, usually as scalping trader they catch profit only around five ten or twenty pips each trades, and usually they prefer use five minute timefarme to making entry and exit, forex scalping making many times transaction daily, I ever hear active scalping trader they made trades more than hundred times order a day
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I think if newbie they can try kinds indicator that available on the platform, there are indicator for scalpng like as parabolic sar, heiken ashi etc, but actually trading scalping with using candlestick also can tried, as long as trader have good understanding rules trading, still possible to making profit from scalping, in addition if already expert scalping can making huge profit accumulation
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Yes indeed fprex business is good business and we can treat as full time job, but here also required good skill and also strict risk management, which however forex is included in risky business, if any trader they want to treat as full time job they must have good mental and also high dedication
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Importance of stop loss placement in forex trading.
radex78 replied to asiaforexmentor's topic in Forex General Discussion
I think if you more confidence trading without stop loss , hence you can try out these strategy, but of course also you must ready with consequence if possible occur the trend against order larger and larger again untl margin can't withstand price movemnt and get margin call account, but yes often I am hear in discussion about stop loss hunter, if broker put this software so will giving disadvantage for trader -
As trader should realized if actually forex market easy to changed, and with concentration so they can determine when timing to enter and when timing to exit, profit and loss is common thing, and here as trader need risk management to managed their account, after trader already have concentration, they also need strong psyhology trading
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Yes indeed some trader might already treat forex as full time business, and each trader of course they have own decision to treat forex as main job or part time job, no anyone can enforced others to chosen one, but however forex is great business, some trader that already able treat forex as main job they can generate higher earning than trader that only treat as part time job, capital and skill will determine