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radex78
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Everything posted by radex78
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Little profit ...Would you accept it from forex trading???
radex78 replied to showrov1993's topic in Forex General Discussion
Luck is not come instantly, we need to keep learning and improve ability to manage money in uncertainty market condition, which if only relying with lucky hence usually will facing with failure in trading and we need to learn and make sharp trading skill -
Yes no matter we are, as profesional trader also possible facing loss in trading, and we need patience in trading and not rush to making profit, if not yet having clear movement on the trend hence waiting is better than enforced to enter, and we can learn from our experience which sometime mistake giving valuable lesson if we willing to evaluation trades
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hone your trading with a demo account and a real account
radex78 replied to rizal83's topic in Forex Newbies
How to become successful trader required motivation in learning also discipline with trained skill to making plan trading that has reasonable target and also keep discipline with risk management, don't thinking forex as easy way to become rich at short time, and we need to always trained skill with learn from experience -
Practice in demo contest might not good for learn about money management plan and most of them trading with high risk taker and sometime using maximum lot size that allowed, and if any trader want to develop better psychology trading hence using real account is good, they can start with cent account
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In trading forex about patience of course has important role, after any trader throw order on the market, hence they need to waiting price move on right direction before hit target, and with practice in demo account, they can practice with free of risk to backtest skill and money management plan, but indeed almost trader that work on demo only for fun and less seriously
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Risk in trading always there and as trader can't avoid the risk but they can manage the risk with using risk management plan and working with rules trading also money management system, forex trading is remain risky and we can analyze the market with skill and maintain account with money management
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Regulation, Do this really important for broker?
radex78 replied to myregister's topic in Forex Newbies
This is first reason for trader choose broker, because regulation is sign if company included on legal company that established on country where broker established, will good also if broker has good vote among trader -
This is included speculative investment but also as trader can relying from lucky alone and must learn on time when trend market has movement on clear trend, and also don't forget about risk management with stop loss, because not always as trader will perfect to analyze the market, if we can making more winning trades hence a month will increasing money
- 460 replies
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- Learning forex
- Should i trade in forex
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If any trader newbie want to learn forex and they get mentor, it will useful and able learn better from their mentor, if have any problem hence they can ask question to their mentor, and will get answer quickly, but maybe not all trader learn from mentor, many trader also learn autodidact and only using internet to access information about forex business
- 361 replies
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- Forexmentor
- forex mentor necessity
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How to become profitable trader is not easy and need more practice also experience, but indeed role of broker also giving important point for trader and actually trader won't to losing money in forex trading, and also choose broker that has good server quality also very important especially for scalping trader
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Yes indeed forex is high risk high gain business and we can losing money in trading, because this is high risk high gain hence as trader will learn how to manage money in uncertainty market condition, which in daily trading will always look on the chart before making any trades they will analyze the market first
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yes we need keep discipline with rules trading and we should able to trade with good analysis, and here in trading forex as trader will work with the trend market, so we also need to learn how to analyze the market and practice with more experience because forex is high risk business
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The Main reason Why Forex Fraders Fails.
radex78 replied to asiaforexmentor's topic in Forex General Discussion
Also required long time and not shortcut success in forex business, because this is actually high risk high gain and to become successful trader actually all trader want to become good trader, but not all trader they can making profit from forex, and so many trader leaving forex because failure -
Greedy in trading already become most reason why many trader fail only few day trading, as profesional trader they only take small risk in every single plan and they advice for newbie don't take high risk more than 2% in trading and we can trying to discipline with our plan that included about risk management and money management, if only having small capital then need only use smallest lot size
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Yes indeed forex is high risk and as trader also need to learn how to manage money in uncertainty market condition, and as trader also need to learn how to manage money in uncertainty market condition, with keep update analysis and also reading news that sometime useful, active on forum also sometime getting valuable insight from fellow trader
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No perfect trader in forex world, and loss also as part in trading that sometime inevitable, and sometime as trader might they facing successive loses, on this condition might will better back again on demo account rather than enforced to recover loss at short time
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Seriousness is very important in all business actually and also will good if concentration during trading especially for short term trading plan, and forex trading is risky but already some trader already get earning from this business and still become reliable business as source income although any trader still treat forex as part time job only
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Yes in fact not easy to making profit in trading, any trader can facing with loss and as trader also need trading with risk management and money management rules, in addition forex is risky, one mistake can causing loss in trading, and avoid greedy is better because we can't control the market
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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
Demo account is good for learning purposes, but can't develop better psychology trading, and how to get valuable lesson about psychology trading hence using real account will better than demo account, but before start real account indeed as trader need confidence and already practice in demo account with good result and at least few month -
Yes right, control emotion is important to manage account, because if any trader only trade with emotion usually they will trade recklessly and not again pay attention with the risk that involved in trading, and if trader always able trade with calm minds to making plan trading
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The Main reason Why Forex Fraders Fails.
radex78 replied to asiaforexmentor's topic in Forex General Discussion
Forex market sometime unpredictable and this is included as speculative investment, and because not always as trader able analyze the market with accurate, hence they will facing with loss, so in trading to manage the risk also as trader using risk management and money management properly -
In daily trading as trader will at least they login account and look on the chart to update analysis, work in demo account with goal to backtesting any system trading and also strategy this is good way to practice and will better also if seriously because usually on demo account due using virtual money then trader reckless in trading just for fun
- 460 replies
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- Learning forex
- Should i trade in forex
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Some trader might they using ea on their trades, and sometime ea can't work and might harmful account, and manual monitoring might will help trader to cut loss manually if likely ea will harmful account, but will good if trader learn manual trading than relying with robot I think
- 361 replies
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- Forexmentor
- forex mentor necessity
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As trader need reading rules regarding with bonus because sometime behind big bonus that offered hidden rules that very strict to eligible withdraw profit bonus and as trader also having goal with these promotion, sometime broker having rules to withdraw profit as trader need make deposit and trading with certain lot size
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Yes in fact actually all trader is greedy and never satisfied with their result and still want more, although today already reached target but they will try again on next day opportunity to making money again, but indeed not always as trader able making profit consistently here and forex trading is for education invrestment