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radex78
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Everything posted by radex78
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don't mix between emotions and forex trading
radex78 replied to rockstar's topic in Forex General Discussion
Yes we need always keep control emotion even anger, or greedy, or over confident, and as we can possible always trading with plan trading which on trades always using risk management and also using safe lot size start with small lot size, we can improve strategy with using smallest lot size actually -
The Real Trading Success. It’s Not What You Think
radex78 replied to analyst75's topic in Forex General Discussion
We need hardwork and keep struggle on this business if want to become success trader, this is not instant way to making triple money although possible, but risk also as part on trading that sometime inevitable, real trading will always involved emotion and usually trader will regret if losing money -
Yes indeed will better if trader already making best preparation and not rush because desired to making profit through forex trading, if skill still often fail although on demo account its mean also still not yet ready to start trading on real account, make sure during practice on demo account already having profitable system trading and strategy before start on real account
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Yes demo account is very important for trader because with demo account actually we can practice and implemented many kinds system and strategy with free of risk and we can making summary whether any system trading work with good result or often fail, and we can choose system that making us comfortable in trading
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Yes here we need to always keep discipline with risk management plan and not only trading based on luck, we learn how to making best analysis and also keep trading with risk management and money management on trading forex, because this is risky business and not always we can making profit
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Yes will good I think if we already having suitable system trading and we can comfortable during trading with using these system, so as trader also can more understand with advantage and disadvantage on system and can working with better trading result
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Forex business is included as risky business and here indeed on daily trading there are money on billion dolar circulating on forex market and because difference volume transaction that occur on the market making changed price movement and as trader trying catch opportunity to making profit
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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
Yes indeed there are some broker that also offer bonus no deposit for new client and as trader also can claim bonus and start trading with free of risk because not spent money from own pocket, but indeed usually there are certain rules regarding bonus when we withdraw profit -
Yes if compared with traditional work hence forex always become good business and easines on this business, we can trade at home, so we don't need going to place on market traditional but we can making transaction using computer and through electronic transaction
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hone your trading with a demo account and a real account
radex78 replied to rizal83's topic in Forex Newbies
I think still better and honest on forex than hyip, however on forex that will determine the end result also our own selves, as account manager, and forex remain as risky indeed without good experience and knowledge also will facing many difficulties on this business and working with high dedication is good -
yes of course we need to always keep learning and never give up on trading, because in fact forex trading is not easy and need high dedication also motivation to survive on this business,and if any trader because one failure then give up and eventually leaving forex hence will never get result
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How Much Time we Spend in the Demo Account.
radex78 replied to showrov1993's topic in Forex General Discussion
Yes of course as trader need seriously on learning stage, which forex trading is not easy way to get rich at short time, risk on trading is high and will higher if trader always reckless on trading decision making, practice on demo account with seriously might good as early preparation, but practice on real account will better to develop better psychology trading -
The Real Trading Success. It’s Not What You Think
radex78 replied to analyst75's topic in Forex General Discussion
Might success is expectation all trader that joined on forex, and to become success trader of course they need profitable system trading and there are so many trading system, but if during test system can't discipline with rules also will hard to success because will difficult to making evaluation trading, and making trading being simple but profitable this is good idea although on practice also not easy -
Very good step I think before trader start on real account they making preparation on demo account with seriously, forex trading is risky and we need to always keep practice even on demo account also will giving experience and understanding with current market condition, although not easy making trading for living but with better preparation hence hopefully will get better result
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- life vs forex
- discuss life vs forex
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Experience itself will obtained by practice, and this is will different if compared with learning on theory which we only to learn from reading, with practice it will giving valuable lesson for trader which will directly facing with real market condition, but indeed will good again if there are mentor that guide us
- 361 replies
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- Forexmentor
- forex mentor necessity
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Good mental also important on forex business,which if any trader already having strong mental usually they will not easy to give up and will always trying to making better result from their learning, and with good psychology trading usually as trader also can manage account better and avoid over trading
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Yes very good if any trader they can practice on demo account seriously, and treat like as on real account, keep discipline with rules risk management and also money management during practice on demo account, this is will giving good experience, and with seriously can manage their money on account trading correctly, if these good habit already implemented on demo account it will giving valuable lesson for us
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Long term trading for newbie will be more profitable
radex78 replied to euro's topic in Forex Newbies
Learning about the trend market is very important for trader of course, and this need more experience and sometime failure, not always able follow the flow on the market, because sometime trend market movemenet on random movement and not easy to analyzed, for these condition might will safe if only wait and see, but many trader often rush on decision making -
When Did you start your First Trade?
radex78 replied to kiranchandra's topic in Forex General Discussion
Yes we need also consider with the risk appetite on trading and look how much our equity and margin level, take high risk with use big lot size indeed will obtained higher profit on trading but in fact this way if facing loss can leading trader being emotion and if they can't control emotion often will repeated same mistake -
don't mix between emotions and forex trading
radex78 replied to rockstar's topic in Forex General Discussion
yes we need control emotion and this is very important because as trader will able to trade based on plan trading and not only based on emotion or in addition depending with lucky, trading forex however is risky and with good plan and strategy hopefully will getting good profit -
As we can possible to always control the risk on trading, sometime as trader forget risk appetite and tempted by movement and look on irational target, money management that implemented on the market also should look on the trend market behaviour and often target that too large rarely hit
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Yes right we need to be patience in trading and even loss also not too much angry and keep control our emotion properly, we should realize if not always we can analyze trend ahead precisely and when facing with loss also need patience and not rush because want to recover previous loss at short time, this is not good idea and often following by next loss
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There are some trader that work with strict risk management, they learn deeply to minimize the risk with strict risk management and using safe lot size, indeed to making forex low risk become big money required patience, and no instant success here, money management is important thing on trading forex that should as trader always keep discipline implemented these point
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When Did you start your First Trade?
radex78 replied to kiranchandra's topic in Forex General Discussion
Forex trading however is risky business and not always we can making profit on trading, although all goal among trader is increasing money on account day by day, but also loss as part on trading, we also need to manage these risk with risk management also, and not only trade based on lucky -
Demo account remain useful although can't giving all enviroment on real trading, but with demo account we can backtest any system trading and strategy with free of risk, and some broker offer demo contest and this is also become one opportunity to get prize on contest if become one winner.