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radex78
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Everything posted by radex78
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Now many broker like as coompeting with provided demo contest with prize that very attract many trader to joined, and this is also as one way to making money with free of risk, but indeed usually as trader also will more active and dare in contest which to develop better money management is not good
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Actually learn on demo account is good for trader but might if for develop better psychology trading hence demo account less useful because in demo usually will not involved emotion and often will having more patience when trader tested on floating loss, due account demo usually also start with big initial deposit
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Psychology trading has high role during trades, which we can losing in trading because we have bad psychology trading, but if we already have strong psychology trading, might we can more discipline in trading which we will keep run system based on rules trading
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Choose broker might each trader they have own reason, if we already using service from broker and so far run smoothly and we able making good money which every withdrawn still processed smoothly hence we will always comfortable with these broker and we might will angry if facing scam broker
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5 Ways To Make Money From The Markets Without Capital
radex78 replied to analyst75's topic in Forex Newbies
Start with little capital is low risk, but if skill trading already able increasing money from small capital hence will gradually they can increasing money from small capital to higher number, but indeed not easy to making profit from small capital almost trader eventually margin call if only start from small capital -
hone your trading with a demo account and a real account
radex78 replied to rizal83's topic in Forex Newbies
One important point on forex also need to keep discipline in trading, not always we can making profit on every trades we made, and might we facing with mistake in analysis, and discipline with risk management plan also will prevent from big loss in single trades -
Yes maybe value of currency also as indicator on certain country whether included on strong country or still on development, but sometime there are certain condition that also can influence on currency, like as natural disaster, intervention central bank or war on country also can influenced on the currency
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We can't deny if risk in trading always there, sometime inevitable,although before we already trying the best to making perfect analysis, but in fact trend market sometime move very dynamic and unpredictable, sometime we should facing with loss and must accept these loss as part in trading
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Why you should not trade unpopular pairs
radex78 replied to euro's topic in Forex General Discussion
Yes indeed and this is fact I think, many trader suggested on eurusd which this is has low spread and good average movement, but if trader always reckless in trading and impatience to waiting best time, often they facing many floating and causing emotion -
Yes on many thing there are pros and cons to look on case, using ea also giving benefit as trader only watching wa work for them, but not all ea can work profitable all the time, and if any trader already decided to using ea might they already knows performance ea for some years
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Keep discipline is very good habit for trader because this business actually required good system and discipline to obey all rules system and also money management, forex is not easy way to get rich at short time as trader must realized this matter.
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Yes not except on forex also has own risk, but might forex trading included business that high risk if compared with other business, and as trader need having good skill to analyze trend market also need keep discipline with risk management plan, and not only thinking about profit alone
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What should a newbie do for earning from Forex Trading?
radex78 replied to unikings34's topic in Forex General Discussion
All trader always will to learn from their experience, as newbie especially they need pay attention and spent time learning before earning, practice in demo maybe, and or start only with small capital and tyring with use lowest lot size on high leverage, and usually on demo for backtest and on real to built up better psychology -
Yes in fact forex trading is risky and forex market full uncertainty, when trader facing with successive loses hence better they stop trade first or back to account demo, facing successive loses is not good for emotion and trader need control emotion properly, if we can making good trading result hence we can easily to increasing money
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What should a newbie do for earning from Forex Trading?
radex78 replied to unikings34's topic in Forex General Discussion
Many beginner they rush and want to making quick money without learning and this is very bad decision, because in fact forex trading is risky business and we can losing money on forex market, before thinking to get easy earning will better as newbie they spent time to learning -
Stop loss and taking profit this is general way to manage account with simple risk management and money management, some trader might they develop strategy like as using averaging and or using martingale system to making better result, but all result will depending with each trader skill
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Why do you think people are scared of investing in forex?
radex78 replied to Levie's topic in Forex Newbies
We if already decided become trader hence might we already having experience and not too much afraid to investing money, but indeed forex is risky and might not all people they having courage to investing money on forex, but as trader that already treat forex as main job hence they must dare to investing money -
Forex always has risk in trading, not always as trader able to making profit all the time, need research and discipline to finding profitable strategy that can work for long run, forex trading will become money making machine if any trader already having profitable strategy
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As trader need more practice and make trial and error what kinds strategy that giving better result, many trader might like with scalping trading and this is also good if trader can always making profit in every trades they made, sometime scalping they can make more than fifty trades a day.
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I think very good if we can discipline with our risk management plan, in every plan we using 4% from equity will giving more opportunity to start again, and there are some another trader that advice only take maximum risk only 2% from equity, this is good for learning although might profit run slowly
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Practice on demo account is good as first step as beginner, before start on real account hence making preparation on demo account until they realze already able generated good profit regularly, hence forex will become great as source of income
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Yes we need learn to keep discipline in our trading, maybe forex trading is will higher risk if trader always reckless in tradiing and often violating rules money management, we need to understand if forex trading is not easy way to get rich at short time and we need to learn with practice and from experience we will get valuable lesson for us
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I think trading manually also have weakness also, might about emotion which will hard to become stable emotion, because as human nature which they having emotion on trading,and trading with robot one advantage can more discipline, but also dependiing with robot setup, many trader also fail and margin call when using robot
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Yes of course as trader they need to improved skill trading before they start using big money hence learn trading step by step is better than we greedy, if not yet ready on real account then using demo account also as one way to trained skill trading, they can test system trading on demo account and discipline with risk management plan hence profit might will obtained
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Investing money in forex business is we placed money on risky business and first to understand is we may losing money on this arena, so as investor also they need making research first, if they want to give money to account manager like as pamm trader, they need looking track record manager, and in investing also need pay attention with risk that might can occured