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radex78
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Everything posted by radex78
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Yes this is better than loss, making profit consistently with forex will giving satisfaction because we can withdraw money and have more spirit again, although on monthly earning not in big number, but if any trader can gain regularly hence this is already good achievement. If following minds maybe actually all trader they want making money as much as possible from forex, but because we have limited skill and also the market itself move dynamic, loss in forex also need as consideration
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How to become a successful trader as soon as possible?
radex78 replied to TekiJIa's topic in Forex General Discussion
Trade with signal or copy trades, maybe if found expert trader this will giving profit for long run, but I think however they also as human trader which sometime making mistake in analysis, risk management still impirtant to managed account. But I thin if we can learn well with our own anaysis and we have good strategy to making proft, hence our confidence will apepar again, backtesting with demo account is good if not yet ready start again in real account -
Trading Guides Can Guide You to Success
radex78 replied to smithlover84's topic in Forex General Discussion
I just want to say, keep pratice and learning, sucess will achievedi f any trader already having good understanding with their skill to analyze the market, and also how good their psychology trading, and as trader that will success I think them that aleady have strong mentality -
Importance of stop loss placement in forex trading.
radex78 replied to asiaforexmentor's topic in Forex General Discussion
I am still using stop loss in my trades, beacuse actualy as trader they will never know where the price will move on direction, might can up and down after submit order in the market, with stop loss although leaving account more tha a day still felt comfortable because still in risk management plan, if get loss hence still many new opportunity next day -
This is good earning for additional income, for me making money thousand dollar is very dificult task because also in my account only have small capital, maybe if any trader already able managed huge capital in account they also need consider with broker because in forex world also sometime we faced with scam broker or broker get bankrupty because competition busniess sometime company being colaps
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Yes of course concentration is required in tradng because to analyze the market required in calm minds to analyze the trend market and also look on indicator whether already get signal confirmed or not yet , and also as trader also need concentration especialy if they open trade for short term plan trading, this very important
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Can you really trade without emotions..?.YES
radex78 replied to showrov1993's topic in Forex General Discussion
I think as human nature which we have emotion in trades, but actually we stil can control our emotion if we have good psychology trading, and how to develop better psyhology required experience and also high motivation, making our plan and then submit plan and look the end result whether profit and loss, and learn from opur mistake if get loss -
Forex trading is unioque business in my opinion, because sometime use small capital but result that obtained able generate good profit, but after using bigger capital what happen is getting loss and might margin call account, so as trader also need pay attention with the risk that involved in trading
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Psychology trading has high role in trading, this is become one reason if any trader they having poor in psychology trading hence only will messed up their plan trading, there are three important point in forex in my opinion, profitable system tradng, good money management and good psychology trading
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In my experience long term plan trading makng more comfortable in my trades,maybe I am already suitable with this strategy, often if work as short term plan trading one loss making emotion, but forex is great business and we can using strategy that preferable even short term or long term or medium term, as long as able making profit is not matter
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For intraday trader, usualy they will open and closed order at same day, and also scalping trader they will open and closed order at short time, but whether although any trader making transaction daily then they wil get profit, I think no, sometime loss ineviable in trading and as trader shold giving attention with the risk that involved
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Here in forex traidng psychological factor is very high role during trades, many trader decison often based on their psychology because they empted by movement in the market, but as good trader I think they will work and able more discipline to implemented system trading based on rules and always keep patience to waiting best timing to enter
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Why do we prefer the forex for the stock market
radex78 replied to rockstar's topic in Forex General Discussion
One benefit in forex business is the market open twenty four five day a week, this more fexible time if compared with stocks market which only open on working hours , and forex market I am hear more liquid than stocks market because volume trasnaction daily in billion dollar more -
First time I knows forex from my young brother which he already early joined forex than me, and after get information about opportunty in forex hence I am seeking information with reading article forex use internet, this very help much with using internet to finding good business namely forex although this is also as risky business
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Yes of course, we using our minds to analyze the market and also to making plan trading, with calm minds we will more enjoy to analyze the market and also to making plan trading, because forex required smart brain to managed money in uncertainty market condition and also good psychology trading
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I like with fixed spread than floating spread, because will easily to manage the risk in my trades, will annoying if likely after open new entries then look big floating loss because we use floating spread, for scalping trader also I think they will prefer use fixed spread than floating spread
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THere are some kinds of bonus that promote every broker, bonus deposit will make more power margin being strongest and and help to increasing opportunity to making profit, bonus no deposit is good for trader to start and trying service these broker, you also can check on forexmart also offer bonus promotion
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I have some friend on social media which they already treat forex as full time business, this is very reliable business for trader that already having good experience and skill to making money with forex, so still possible any trader being full time trader and making money with forex for long run, like as profesional trader they already can trading for living
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don't mix between emotions and forex trading
radex78 replied to rockstar's topic in Forex General Discussion
Emotion often become big reason why many trader fail in their trades, sometime emotion often occured because any trader faced with worst condition like as suffering with succesive loses or get margin call account, if any trader beig emotion and then recklessly in decison making usually will only causig failure -
So far I am only trade manually and never have intention to invest on pamm account or something else, maybe for trader which they having huge capital, they can trying to giving investment to manager funds and look their money growing day by day, but forex is risky although investor also need to obey rules spent money that afford to lose
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Importance of Demo Account/virtual account in Forex
radex78 replied to abdulla1's topic in Forex Newbies
Skill trading will become better if always improve our experience and learning, although not easy to become expert trader which always profitable, trading in real account will really different psychology because already use real money, and better than use demo account if any trader want to develop their psychology trading- 751 replies
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- forex virtual account
- forex demo account
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In my opinion for early preparation demo account is very important for trader which to backtesting certain system trading and also strategy using indicator etc, this really helpful to backtesting, and real account is real batlte in forex market which usually as trader will already involved emotion because already use real money
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Yes concentration is very important for all trader durng their trades, especially for scalping trader, they required more concentration to monitoring the market befause they will open and closed order at short time, forex market very dynamic movement and unpredictable but as trader need concentration to use their knowledge so they not trade recklessly
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Psychology trading has high role during trading, usually as beginner strill weak to control their emotion properly, because lack in experience also knowledge, and how tio built up beter psychology trading, hence start in real account will better after they felt confidence i demo account
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Compound profit might will making better, and make strongest margin, but also has consequence will lose again, because loss sometime will decreasing money, before any trader they decided to compound profit, hence will better if they withdraw profit until they get break even point from initial capital