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radex78
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Everything posted by radex78
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It is not all traders suitable with scalping if likely emotion often stressing because scalping, better using intraday trading or swing trading more convenient
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Trading plans help us to manage the risk level in everyday trading, if trading blindly without a trading plan, could make over trading and the risk could higher.
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Trading in the financial market need passion to work out, when we have a passion to work it, it can be more comfortable in the business, let say if you like to create a video, you can becomes youtuber or something else, if like writing becomes a content writer, if like forex trading becomes trader, if we enjoy in the business, earning come easily.
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Forex trading included high-risk high-gain businesses, and nothing instant success in this field, how to become a profitable trader is a process, and need times to learn better, built a good professional mindset if want to treat forex as a long-term business.
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Maybe there are big company like a bank that uses super computer to run a sophisticated robot, sometimes I see on the chart seem weird, the price move and draws up down rapidly in second and landed in the same price, I think this is a robot trading work
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Factors that are considered while choosing a broker
radex78 replied to Gee Dee's topic in Forex Newbies
There are thousands of brokers in the forex world, I already choose FXOpen and trade with this broker for more than ten years, and so far this broker is a good company, all withdrawal processes run smoothly, and usually less than 24 hours have already done. -
No deposit bonus from brokers. Any suggestions?
radex78 replied to boltushkin's topic in Forex Newbies
Bonus no deposit attract many newbies to start using the platform trading, however, they need to learn the term and condition to be eligible to withdraw a bonus, often a number of bonus is just tricky because need to make a certain deposit and fulfill certain position size to be eligible withdraw profit bonus. -
All brokers usually provided demo account for simulating trading for free without any risk, you can tries demo ECN FXOpen to learning trading ECN account before start trading in real account, dnot involved emotion, it is useful to backtesting
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Forex is the biggest market in the world, forex is not a scam, however many people try to scam investors forex on their behalf with use forex as a way, forex scams could the scam broker, scam ea, scam fund managers, etc, so investing in forex should carefully to do. Grateful FXOpen is a good broker, this company was awarded as best ECN broker in 2021 by IAFT, and as an innovative broker by Traders Union in 2022
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Sometimes trading in the real account you find a hard time making a profit, back to a demo account is a good way to continue learning the market, because not all market conditions are easy to catch a profit, looking momentum trading is a way to increase profitability trading, and we can learn from demo ECN FXOpen
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Could you suggest a forex trading platform ?
radex78 replied to sam_oi_2's topic in Forex General Discussion
Recently in the TickTrader challenge contest announced the winner of the contest result and the winner gets a prize to the TickTrader account, there is 6 winner contest in the final result, and were able to fulfill all the conditions of the competition, TickTrader platform FXOpen designed for ECN broker where traders can trading multiple markets through one account. -
No deposit bonus from brokers. Any suggestions?
radex78 replied to boltushkin's topic in Forex Newbies
The key success in forex trading is has profitable trading strategy, how to becomes profitable trader is not easy at all, it depends to the skill of traders, I see in the contest FTC 2023 forexcup.com the first rank accumulated profit more than 500%, meanwhile he ever god 600%, it is means result from trading is unstable, sometimes up and down like the chart itself. -
If you have good knowledge to become programmer, you can try to create many robots and backtest robots to find the best one, there are many crazy sellers in MQL5 sale robots with very expensive prices, I like manual trading so far, it is cheaper trading.
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In daily trading with FXOpen, I still use MT4, despite the broker offer of MT5, however already comfortable using MT4, but currently, I also using the TickTrader platform, this is new platform designed for ECN broker, it is possible to get negative spread using TickTrader terminal.
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Factors that are considered while choosing a broker
radex78 replied to Gee Dee's topic in Forex Newbies
Choosing a reliable and trusted broker in trading will be more comfortable, not all brokers are the same, choosing a broker by paying attention to trading conditions, reputable companies, review traders, trading platforms, payment supporting, contact support, etc. I choose FXOpen for this. -
No deposit bonus from brokers. Any suggestions?
radex78 replied to boltushkin's topic in Forex Newbies
Bonus from a broker usually has certain rules and not all beginners easily can fulfill all rules to be eligible to withdraw a profit bonus, when beginners are interested to take a bonus with no deposit even in big numbers, better check and make sure the term and conditions are easy. -
Reasons Why Traders Prefer a Regulated Broker
radex78 replied to Fedra Bianchi's topic in Forex General Discussion
FXOpen is a true ECN broker, trading news and scalping is okay, however, the risk trading news is the high volatility market brings higher risk too, I see many technical traders stay away from the market when news high impact. -
How do you trade if you are beginner?
radex78 replied to Katie_90's topic in Forex General Discussion
You can use demo ECN FXOpen when beginners to learn to trade, however, if still blind at all about forex, it is better to learn basic forex, there are so many resources we can learn from the internet, babypips is the most popular site where many traders learn forex. -
I like to trade on a pair EURUSD, and other major pairs like GBPUSD, USDJPY, and more, trading on EURUSD often get zero spread in ECN account.
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Beginners suggested using small leverage because of still unstable emotions, one loss trading could make a bigger loss because of emotion, which high leverage can lead the trader to be greedy.
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what are the best forex trading Hours?
radex78 replied to asiaforexmentor's topic in Forex General Discussion
I like trading in the London market overlaps the New York market, the higher volatility can easily catch profit and loss. The spread also often gets zero if trading EURUSD. -
Practice in demo accounts could be useful if traders learn seriously, despite no emotional pressure, however trading in the demo is good for the backtesting trading strategy.
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Sometimes I still use demo ECN FXOpen to test a trading strategy, if we can treat the demo account like work in a real account, hence demo will give more benefit in the backtesting stage, although only work in the demo account, discipline is important in backtesting.
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Scalping could be a profitable trading strategy if we understand how. This will get more benefit with choosing low spread broker like FXOpen, for scalping trading we can choose EURUSD, USDJPY, and GBPUSD, and working in a small timeframe, like M5, even we can use M1 to get detailed prices for the short term.
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How do you trade if you are beginner?
radex78 replied to Katie_90's topic in Forex General Discussion
Usually, beginners will learn like that, when facing one failure after practicing the use indicator or trading tool, then try another tool to get more accuracy, but after realizing if no perfect indicator, which here indicator only helps the tool, it makes minds just think simple, how to make trading more simple.