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radex78
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Everything posted by radex78
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Although the market movement very dynamic, however as traders need to analyze the market before making any entries, reading news also could gives a clue about possibility the most investors will response the news, news high impact highly influence to currency pair making higher volatility.
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Start Trading with an Old Forex Broker
radex78 replied to justusfreaky's topic in Forex General Discussion
In fact yes making profit mainly consistent is not easy, however very possible to grow money in account with good knoweledge, skill and patience, I see the winner of contest in forexcup.com getting a year trading profit more than 800%, it is means traders have same opportunity to become profitable. -
It will depends on the market conditions, when the trend strong in long rally, making quick profit is seems easy, just like as yesterday's market when XAUUSD break low and dips drop, making good profit with sell order achieved only need less than one hour.
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Yes FXOpen is regulated broker in three jurisdiction UK, AU and EU, the broker regulated by FCA, ASIC and CySec. From the official source here the detail. FXOpen Markets Limited, a company duly registered in Nevis under the company No. C 42235. FXOpen is a member of The Financial Commission. FXOpen AU Pty Ltd., a company authorised and regulated by the Australian Securities & Investments Commission (ASIC). AFSL 412871 – ABN 61 143 678 719. FXOpen Ltd. a company registered in England and Wales under company number 07273392 and is authorised and regulated by the Financial Conduct Authority (previously, the Financial Services Authority) under FCA firm reference number 579202. FXOpen EU is a trading name of FXOpen EU Ltd. FXOpen EU Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 194/13. Based in my experience FXOpen is trusted broker, I already trades using this broker more than nine years
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I am uses FXOpen broker also included the old broker, the company has experience more than 16 years providing services in financial market, the broker also offer low spread from 0.0 pips and possible get negative spreads if using TickTrader terminal platform that available in App store and Google play store. Based my experience FXOpen is good and trusted broker.
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Forex market is constantly changing
radex78 replied to Myra Wilson's topic in Forex General Discussion
Volatility gives opportunity for investor, without volatility hence will impossible to catch profit from forex trading market, the currency price constantly changing gives challenge for traders to catch the profit from difference of price movement in the certain trading pair. -
It is possible to make quick profit from forex trading is get support by the price movement, in trading we know the trend market always changing, and there are sideways condition where the prices seems no movement, in this condition of course will difficult to make quick profit and many trader prefer avoid sideways market because the risk uncertain and get bored.
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Binary Options Low Minimum Deposit Brokers
radex78 replied to andreyi1979's topic in Forex General Discussion
I don't interesting to trying binary option trading, still prefer to trade in forex. So I don't pay attention with the Binary option broker because don't want to trade. So far I am comfortable to trade in forex with uses FXOpen broker, the pair like EURUSD the spread from 0.0 pips even possible get negative spread in TickTrader terminal platform. -
Yes, FXOpen is regulated broker in three jurisdiction in Australia with ASIC regulation, then United Kingdom with FCA, both regulation agency included on top tier regulation, while in Europe FXOpen regulated in CySec. I have been trading with this company more than nine years and still comfortable till now.
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what are the best forex trading Hours?
radex78 replied to asiaforexmentor's topic in Forex General Discussion
Forex market cycling 24 hours 5 day a week, everyday market split in four session market with time overlapping from one session to the next session, according certain statistic from analyst, the busiest session of market is London, then New York, Sidney then Tokyo, traders choose when higher volatility market to trade avoid sideways market. -
There is good lesson we can receive in demo account, however need to be seriously to learn uses demo account, without seriousness hence demo account may useless, we can use demo ECN FXOpen to backtest trading system if we like to work manually use demo account and learn how to manage the risk first. Try hard to avoid margin call account with strict risk management before start in real account,
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The most important is become profitable trader, and choose the broker indeed very important, trading with broker low spread like FXOpen gives benefit especially scalping trading because in daily trader may open and close many transaction, so with low spread gives more benefit.
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Trading forex need patience to waiting best time and the price, sometime fear of missing out only dragging transaction to loss floating, discipline is needed to get quality trading.
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I use FXOpen broker, the company offer max leverage 1:500, in my experience as long as we can control discipline to trading plan, using smallest position size 0.01 still included safe trading.
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Sometimes I use demo ECN FXOpen broker to test trading strategy or when trying ea and learn trading for fun, in demo account we can trading without fear losing money at all, but we can take benefit from improving trading skills.
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Each trader eventually will recorded own experience when use the broker, good broker will always gives good service from different perspective, trading condition, withdrawal, payment option, support etc, so far my experience trading with FXOpen still good and fine, the broker also obey rules KYC and AML, so every client must be verified when they want to withdraw money.
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Forex market is constantly changing
radex78 replied to Myra Wilson's topic in Forex General Discussion
Forex market in everyday always changing and yest because the difference of price movement then traders trying to catch profit from the difference buy and sell order. In forex there are more than 6 billion USD every day trading, the biggest market in the world. -
There are multiple favorite trading pairs in FXOpen, the most traded pair like EURUSD, AUDUSD, AUDCAD in Ticktrader terminal platform possible to get negative spreads, the spread is low and often get zero spread when trading EURUSD.
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Patience indeed very important to keep survive and make quality trading, all traders know if forex trading the most important is about quality and not about quantity, don't pursue to success but work as best as possible then success will follow you.
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Low spread brokers is recommended for traders when scalping, choosing trading pair also important when working trading to get low spread trading pair, don't trade exotic pair because high transaction cost and very risky for newbie, choose the pair ,major like EURUSD, AUDUSD, USDJPY,. GBPUSD. Using Ticktrader platform possible get negative spread on pair like EURUSD and AUDUSD and sometimes another pair.
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Don't trade with fire, keep safe trading low risk if want to increasing opportunities in trading, avoid greedy in trading and don't trade when the sideways market or the price seems no movement, choose the right market with low transaction cost.
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There are thousands broker in financial market sometimes make confused how to choose the best one, I alone already use FXOpen global broker which developing company always improving in trading service and infrastructure trading, this company regulated in three jurisdiction AU, UK and EU. In Australia under ASIC, then UK under FCA and Europe under Cysec. So far comfortable using their service and all withdrawal always processed smoothly as long as obey the rules.
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I am still trading in forex and not yet and maybe never interesting to trade on binary option, forex in my view is more pure business buy and sell currency using another currency in spot market, while binary option just like bet price will rise or down based time
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Martingale trading strategy is extremely risky, rarely traders able making profit for long term working based martingale, I don't like this trading strategy working like as revenge to the market because traders multiply lot size in every step when getting loss.
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EURUSD maybe still become the most traded pair among traders because working on this pair has low spread, in FXOpen possible get zero spread even negative spread if using TickTrader terminal platform, then XAUUSD also good pairs to traded but risky because high volatility.