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radex78
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Everything posted by radex78
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Might many retail trader or poor trader still interested with bonus from broker, and this is also good for learning purposes and get opportunity to making real cash money from bonus no deposit, but might as experience trader they trading with spent from own pocket money
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Yes learning will never stoped as long as we still treat forex business as lour job, we in daily trading need hardwork and keep learning with trying to analyze the trend market and also learn how to making money in trading with minimize the risk to increasing profit
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hone your trading with a demo account and a real account
radex78 replied to rizal83's topic in Forex Newbies
Might demo account is good for learning purposes, but we also need to practice in real account which this is will improving skill and also psichology, which in real account usually will more carefully because already using real money and practice in real account also giving more valuable experience about psychology trading -
Maybe now if any trader already having long time experience in trading hence they will rarely using demo account, except if they want to test new system trading or ea hence before used on real account hence they need practice in demo account for backtesting purposes, and if already trade in real account usually will carefully to manage these money
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A good money managment system can give you success
radex78 replied to Levie's topic in Forex Newbies
In daily trading as trader will always trying hard to make better result on trading, they will learn and analyze the market daily because if they having plan as intraday trading hence monitoring the chart to analyze is important -
Yes in daily trading as we can possible to always increasing skill and we need plan business to making growth our business in this arena, and this is long term business and not only as short way to become rich at short time so we need manage account and capital for long term business also
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How to Deal With Forex Trade Losses?
radex78 replied to Norm O'Neill's topic in Forex General Discussion
I think good idea if any trader start with looking free capital like as take part in demo contest, beside can learn and test skill trading also we can trained and improving skill to become winner, many broker provided demo contest but might has different rules and as trader also need to reading rules ragarding with prize and contest -
I think this is included good idea to investing money not only on one kinds business but we can diversify capital with trying to investing on various business not only on forex, if having skill and intention to start offline business might also can running offline business and investing on forex or pamm account
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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
usually bonus not given with actually free, there are certain rules regarding bonus and sometime also bonus has too strict rules to eligible withdraw money, some broker might having rules must deposit money and trades at least on certain lot size so we need reading rules also before decided using bonus no deposit -
How to Deal With Forex Trade Losses?
radex78 replied to Norm O'Neill's topic in Forex General Discussion
Yes good article and might as trader they can trying to trying these strategy to minimize the risk appettite in forex trading, maybe also need more experience and practice with trial and error, and not instant success in trading, as trader also need keep discipline with risk management plan and improve strategy with more practice -
Yes indeed forex need hardwork and also struggling to making profit in forex market required good learning and also motivation because if any trader having weak mental hence they will easy to facing with desperation when faced with one failure, while failure like as many people said is delaying succeed and leaving business is real looser
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Long term trading for newbie will be more profitable
radex78 replied to euro's topic in Forex Newbies
If want to enjoy in trading in my opinion better trade for long term plan trading, which with long term we can leaving account awhile and not always in front of the chart to monitoring account and market, but different with short term trading that need more concentration to look on the chart -
Yes actually stop loss and taking profit still become weapon for certain trader but not all trader using stop loss but some of them might using cut loss or hedging position to manage the risk, and as trader need to understand what they do in trading not only as gambling trader
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spirit to learning this is also important for trader beginner, they need to reading basic education forex and many source can learned, like as babypips dot com also as good source to learn forex and many trader learn from there
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Yes I think you right, in trading about emotion or psychology trading has important role in trading, sometime bad emotion control leading trader to making reckless decision and this is not good for trading result usually, and we need to improve also about psychology trading which this can leading us more discipline during trading
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Demo account will useful especially for beginner, if we look back on experience, might we also like as another newbie that also rush want to make real cash money in trading, and ignore to practice in demo account or only few day learn on demo, but for trader that having better preparation will using demo account seriously to learn trading
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Yes sometime loss in trading inevitable, but we can learn from these loss, why we facing loss and failure, might still often make same mistake like as greedy and rush in trading or we trade blindly on trading, experience if we can learn from it hence will giving valuable lesson for us
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Yes one advantage forex trading is we can trade anytime and anywhere, now many broker already offer mobile platform for android and iphone which giving easiness to monitoring account and the market anytime because mobile platform easy to put on our pocket also
- 460 replies
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- Learning forex
- Should i trade in forex
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Yes might not always although already having long time experience then never facing loss, take part in demo contest also as one way to make effort and struggling to get victory and get prize, if become one winner hence also can possible start from zero then become real cash money
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yes although using ea also can facing floating loss, no perfect trader that always able making profit and accurate analysis all the time, and we working on uncertainty market condition also need risk management and here some trader might using stop loss
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I think each trader having own habit in trading, we using stop loss for learning manage the risk, and trying to learn when to determine entry point, and to adjusted these risk level might some trader using pending order according on analysis too, if we having good patience might we can minimize these risk and maximize profit
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Indeed not all ea will causing fail, there are ea that already working for long years but still alive, but choosing robot also need to backtest first on demo account, but sometime ea created only for demo account but when tried on real account can't work, if any trader buying ea, I think also need carefully because sometime they only want to selling product but ea can't work like as on promises
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Indeed forex is opened for everyone and we can learn forex business easily, now internet giving access to get knowledge about forex, many trader might ever hear and reading article on babypips dot com which there already available class forex school from newbie to advanced knowlegde
- 460 replies
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- Learning forex
- Should i trade in forex
- (and 4 more)
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Might will more motivated when we trade on demo contest, there are some trader because they often facing with margin call then he promise with own selves will only start trading in real again if become winner in contest, demo contest also as one way to get free capital with requirement
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In every business actually required hardwork and also keep learning because forex also not easy way to get rich at short time, hardwork and also smart work required to survive in forex business, still so many opportunity to make money with forex but will better only spent money that afford to lose first before imagine easy earning