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radex78
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Everything posted by radex78
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There are some broker that provided demo contest, and will good if trader take part on demo contest, although usually on contest as trader will using big lot size and only relying with accuracy analysis, but also good to learn patience, to waiting best time enter on the market and exit on right time also, this need skill and knolwedge and trader can learn to make sharp trading analysis
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don't mix between emotions and forex trading
radex78 replied to rockstar's topic in Forex General Discussion
Yes I think almost trader already understand if emotion on trading will often causing fail and might margin call account, but sometime as human nature which they having emotion on certain condition, might facing successive loses then can't control emotion properly and making bad decision on trading which eventually causing fail -
Forex trading is risky business which as trader before imagine easy earning hence they need to learn how to manage the risk, if not yet ready on real account will good using demo account and learn discipline to manage the risk and learn to put on reasonable target, if they can manage good on account demo might good habit on demo will repeated on real account, but need time maybe
- 460 replies
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- Learning forex
- Should i trade in forex
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Might there are certain trader that still relying use ea on trading, but finding profitable ea is not easy too, often I am hear statement from trader that prefer using ea most ea fail eventually and get margin call account, I think if we can learn manually hence we will get easiness to understand and learn to manage the risk first before imagine easy earning
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Trader need to learn forex, if beginner hence will better if they get mentor, but if no mentor also they can learn from internet, because many information will obtained from internet, babypips might as popular site to learn from basic to advanced, but if they get offline mentor hence also can learn easily if there are some problem hence will get quick response to answer
- 361 replies
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- Forexmentor
- forex mentor necessity
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Is discipline the most important thing?
radex78 replied to Anne Morris's topic in Forex General Discussion
Yes I think they are trader that already having good discipline is indicated as good trader that already having good psychology trading, and trading with discipline also can making easiness to manage money according with risk management and learn from all mistake, this can develop better skill trading and hopefully will increasing profit on trading, lack discipline also as reason why trader hard to learn -
This is very important for trader always keep discipline with money management and also risk management, many trader know if trend market full uncertainty and unpredictable, without money management and risk management on trading will quickly facing with failure and might margin call account
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When Did you start your First Trade?
radex78 replied to kiranchandra's topic in Forex General Discussion
Spent time on demo account is good place to backtest any system trading and also strategy forex, on demo account this is free from risk losing real money, for beginner this is very advisable before using real money on real account, make sure when practice on demo already able finding profitable strategy and system trading -
Might some trader that already on desperation then using ea and relying with ea performance, I see some trader like to making backtest ea and choose that according experience giving profitable ea, but indeed learn manually also can drive when trader decided using ea because sometime ea can't work properly and they can cut loss manually
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Yes control emotion is important, this can avoid making bad decision like as greedy or over trading, forex market many trader know is very dynamic and unpredictable and here only about possibility, but success trading also will depending with good psychology beside having good skill analysis and they have confidence on their decision
- 460 replies
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- Learning forex
- Should i trade in forex
- (and 4 more)
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A good money managment system can give you success
radex78 replied to Levie's topic in Forex Newbies
Yes forex however is risky and not always we can making profit on trading which sometime also loss will occured, and with spent money that afford to lose hence we will more enjoy on trading and not disturbed overall financial if facing with failure, good money management started from when we making first deposit -
Can you really trade without emotions..?.YES
radex78 replied to showrov1993's topic in Forex General Discussion
I like with listening music when do online acitivty, it also help to making relax on minds and during trades also can making enjoy and more discipline, control emotion is very important on trading and with cool minds and relax it can help us being easy to control emotion, and we can created condition room with something that making relax -
What should a newbie do for earning from Forex Trading?
radex78 replied to unikings34's topic in Forex General Discussion
Might as newbie still lack on experience and also knowledge, so if as newbie still often fail this is common thing, but as newbie also will depending with each trader personality, there are people that easy to learn and get easiness to understand so they can get fastest skill to making money from forex -
No doubt if forex included as risky business and no anyone that can making profit without loss on trading forex, and here is about how to manage money on uncertainty market condition and here required good money management and risk management to manage our account, and if not yet ready start using real money hence we can use demo account for practice and learning
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Yes indeed this business included as risky business and we can learn how to manage these risk on trading, with practice and keep learning hence we can making better skill, but become success trader is not easy, loss on trading sometime inevitable, psichology trading is most important thing that can making better our skill, having good system but weak on psychology hence will fail also eventually
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hone your trading with a demo account and a real account
radex78 replied to rizal83's topic in Forex Newbies
Demo account especially for beginner, this is very important step before start on real account, make sure during practice on demo already finding suitable strategy and system trading, we can choose system that suitable with us and we can backtest our system on demo account with free -
In forex trading we have own choice will use which one broker, might each trader they having own option and reason why choose broker, and actually we also can using several broker to diversify capital and account, and also will get real experience when using their service, but some trader might already enough using one broker as long as these company is good
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Some broker offer bonus even deposit and no deposit bonus, and as trader before tyring tro claim bonus will better also reading rules regarding with bonus that offered, if likely will important and useful for trading purposes hence they can claim bonus and using bonus for trading, but if likely useless hence they can trade with using own capital
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For learning trading, hence manual trading will giving better experience and we can take lesson from these experience, and might different when using robot and we don't have any knolwedge at all about programme robot, so we only will accept the end result and we can't learn well
- 361 replies
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- Forexmentor
- forex mentor necessity
- (and 4 more)
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This is very important to making evaluation trades, might we can't always able making profit and making accurate analysis all the time, when our analysis going to fail hence we need making evaluation and trying to making betterment trading skill and not repeated same mistake on future
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Can no deposit free money help you achieve success on forex ?
radex78 replied to kaito kid's topic in Forex Newbies
Bonus still atrract some trader and bonu deposit can used for making strongest power margin and we can using strategy long term with additional bonus added on account, but indeed usually there are certain rules regarding with bonus, so we can reading these rules before thinking will using bonus deposit -
We always will hardwork and keep struggle, making good trading result is not easy task, when we practice using demo account will better if we can trade with good system and learn how to keep discipline with rules trading, although demo account only using virtual money
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Is discipline the most important thing?
radex78 replied to Anne Morris's topic in Forex General Discussion
Discipline is good and very important on trading activity, this is will help us to making trading forex more better because we can learning on trading, which as trader will able to manage money with discipline using risk management on account trading, discipline also help us to become good trader because can implemented good system trading -
if trader having tendencies to trade as short term trading hence concentration is required, but if trader having long term trading plan, sometime they leaving the chart few day and recheck after day changed, but they already having plan trading on the week, and measure risk management that will able to bear on single plan trading
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What amount should one go with for scalping?
radex78 replied to Anne Morris's topic in Forex General Discussion
Now many broker offer low minimum deposit on cent account, for learning trading using scalping also good to using cent account and they can start using small capital first, ten dolar with use high leverage is they can trying using scalping trading using low risk with smallest lot size