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radex78
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Everything posted by radex78
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But as trader also need understand and not focus only for profit, because on trading also about risk that involved on trading, so as trader also need to pay attention with these risk on trading which on plan trading also need using strategy to manage the risk
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Usually trader that take part in contest they can making good profit at last periode of contest which as winner able making fantastic result, but usually on demo contest not good to trained money mamagement because often trader will having courage to start using big lot size, and only relying with analysis skill on contest
- 460 replies
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- Learning forex
- Should i trade in forex
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Using small capital might will less on emotion pressure, but indeed if using small capital also will different result compared with big capital because is using big capital usually as trader also will can improved strategy trading better than using small capital and we should carefully if start with small capital to making good trading
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When Did you start your First Trade?
radex78 replied to kiranchandra's topic in Forex General Discussion
Demo account is good for learning and practicing especially for newbie which as trader actually before start on real account they need experience and also knowledge, after learn basic knowledge forex and they can practice on demo account to learn how to use stop loss and how to learn all feature platform trading, and also learn to implemented any system trading and strategy trading on demo account -
Most important thing in trading is never give up because forex business is included as risk business and not always as trader able analyze the trend market properly and sometime also loss on trading inevitable, if any trader easy to give up and leaving forex, hence they will get nothing and will become real looser
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There are some trader that use ichimoku kinko hyo and they can making good result,but not sure if another trader although using same indicator but result that obtained can be vary because each trader having different amount capital and also lot size that used and especially psychology trading
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Yes of course on daily trading we will always trying to improved skill and keep update the market and making plan trading, but as trader also need they having good mindset and enjoy on trading because forex is not easy way to get rich at short time
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Yes right only with skill trading hence as trader will able making good profit from forex business, as trader on daily trading activity they will learn trading and making evaluation on trading which if they can make sharp trading skill, hence forex business will become reliable business as source of income
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Yes indeed but for some trader take part on contest also as effort to get free capital with skill trading, might not easy to become winner on contest, but if many times practice and take part on contest hence also will get valuable lesson and they can learn how to determine best timing to get maximum profit, because usually as winner they can increasing big profit during period of contest
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If forex trading is easy, might we will can easily to making profit on trading and now we already become rich from forex, but however to become good and profitable trader also need long time process and not instant success here, learning and never give up on business is key to become success people
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don't mix between emotions and forex trading
radex78 replied to rockstar's topic in Forex General Discussion
Many trader that they impatience on trading then after one or two failure then making them being angry and sometime then making reckless decision, and this is not good because if any trader they already on emotion usually can't making decision based on knowledge anymore -
What should a newbie do for earning from Forex Trading?
radex78 replied to unikings34's topic in Forex General Discussion
Yes I think they are trader that now already become success trader and might already trading for living also facing many experience and failure also, but because they never give up and still keep learning then they having better mindset if forex also need patience and also risk is part on trading that sometime inevitable -
Long term trading for newbie will be more profitable
radex78 replied to euro's topic in Forex Newbies
Maybe so many beginner that first time knows about forex and they too high excited because want to making big profit and look easy after reading some theoiry on system trading, but when they facing directly with the market still difficult and might first time on lucky they can get profit but then next day trading after fail then making desperation -
Usually trader that take part on contest not only as beginner, but many from them that take part on contest also already having long time experience on trading, so if look the end result among winner on contest usually they can making profit with amazing result, more than few hundred percent profit
- 460 replies
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- Learning forex
- Should i trade in forex
- (and 4 more)
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Although forex trading included as risky business but in fact still so many trader that interested on this business and many from them also like to using ea to replace their hand making transaction on forex market, but indeed not all ea can work profitable if anyone using ea they need backtest and also ready with the risk that might occur
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What should a newbie do for earning from Forex Trading?
radex78 replied to unikings34's topic in Forex General Discussion
Yes if any beginner they trading directly on real account without making preparation on demo account, usually will facing with failure, and although practice on demo account few day with good result, this is also not guarantee will success on real account, experience will giving valuable lesson for trader -
Yes some trader might they use bolinger band and another trader might using ichimoku kinko hyo, and many other indicator on forex, and all indicator created as help tool all trader to analyze the trend market but however no perfect indicator and we can using risk management on trading
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Trader also need patience to learn forex trading, because this is risky business which not always as trader able analyze the trend market with high accuracy and loss also as part on trading, process to learn forex need motivation and high dedication if any trader want to survive here
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Yes knowledge and experience is very important if any trader want to become successful trader, and we can getting more experience if always making practice even on demo account or real account, and trading on real account will better to built up better psychology trading and we can using micro account on forexmart
- 305 replies
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- life vs forex
- discuss life vs forex
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Demo account is good for learning trading on real market condition, we can use demo account if no capital on real account with always practice on demo hence will always update with the trend market and we can learn the market behaviour and implemented any system trading also strategy during practice on demo account
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don't mix between emotions and forex trading
radex78 replied to rockstar's topic in Forex General Discussion
Emotion on trading usually will making reckless on decision making, will better separated between trading forex and emotion, which will better as trader always work with proper plan trading which on trading always pay attention with the risk that involved on trading, this is not easy way to get rich at short time, and trading forex also about profit and loss which required patience if any trader want to learn become better trader -
Although forex as risky business but in fact still many trader interested with this business because forex also still promising as one great source of income, but indeed required good knowledge and experience on this arena because will difficult if trading forex only relying with lucky on trading
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Sometime any trader that already on desperation when they trying many kinds indicator but still often facing with failure, then they back to trading with simple analysis based on price action and candlestick pattern, there are some trader that able making good profit with this system trading
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Take part on contest demo is good for learning also can making us more motivated on learning, although actually on demo contest usually using high risk taker, and for make sharp trading analysis to learn when should open entries and when should to waiting, because on demo contest with relying with accuracy analysis and using big lot size usually
- 460 replies
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- Learning forex
- Should i trade in forex
- (and 4 more)
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Yes will good if we finding with good mentor, it will help much on trading because they already having long time experience and also having good knolwedge about forex trading, it will making fast on learning process than only learn standalone
- 361 replies
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- Forexmentor
- forex mentor necessity
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