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radex78
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Everything posted by radex78
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How to become a successful trader as soon as possible?
radex78 replied to TekiJIa's topic in Forex General Discussion
Trading with demo account, this is very good as early preparation for new trader, before they thinking easy making profit in trading which actually this is not simpler like as on theory, and making good preparation in demo which make sure work on demo already able to making profit consistently, and this way also will make faster to become success -
Might for some trader they interested to trade on binary option, and maybe as broker if looking good opportunity and seems many user will joined can possible company also broaden business and giving service for binary option, but for trader that don't like or not yet interested with binary option still they choose forex as main business
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Where to get the best forex signals?
radex78 replied to David_Warner's topic in Forex General Discussion
I have seen if this site is included popular social trading site, also I am hear zulutrade also many signal provider there, but so far I am never using service from signal provider and often using own analysis whatever result that obtained even profit or loss -
In fact making money with forex is not easy, but indeed forex business still become one popular business and everyone can joined in forex, but not all trader will become good and profitable trader, because in fact forex is risky business and not always as trader able making accurate analysis
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How to become a successful trader as soon as possible?
radex78 replied to TekiJIa's topic in Forex General Discussion
Yes forex will still become attrract business for new trader, if we can get good earning from this business and then share to our friend, some of them might also interested and curious about forex and they will seeking information that now learning forex is easy using internet we can reading article that related forex with free of cost -
Yes I think many trader also ever facing difficulties and failure in trading, included me that also still hard to making profit consistently through forex business and sometime loss in trading can't avoided, and as trader actually only trying to manage money with learning analysis market but the end result depending with market condition
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Failure is something that included on process learning, because success is never come instantly, so many people that already feeling success in living, I think they also facing process and progress and might also facing failure, but because still having motivation to learn better and also learn from their failure, hence they can wake up and can perform better
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why many people see forex trade as gambling?
radex78 replied to rockstar's topic in Forex General Discussion
In fact if only depending with lucky hence will difficult to making good result in trading, because as trader need good skill to analyze the market and also good knowledge in trading, but beside in trading also need risk management due not always as trader able to analyze the trend with perfect and accurate all the time -
Indeed make money through forex is not easy at all, required high dedication to survive here and as trader will trying to analyze the market based on their knowledge and for some trader that work based on fundamental analysis usually also will reading news update before start trading, news high impact like as nfp also adp non farm employment change sometime giving impact to the market
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why many people see forex trade as gambling?
radex78 replied to rockstar's topic in Forex General Discussion
Might some people thinking forex is gambling, but in my opinion this is real business that included as high risk high gain, in trading forex as trader buying and selling currency using another currency and actually when they making transaction also underdstand if likely losing money in transaction and they agree with these condition -
How to become a successful trader as soon as possible?
radex78 replied to TekiJIa's topic in Forex General Discussion
Yes as trader need seriously indeed, not only on forex but on all business seriousness is required to getting better result, but because forex also as risky business hence as trader also need to manage their money with good money management and keep learning how to analyze the market properly -
In fact about risk management is important, as trader need to pay attention with the risk that involved in trading and with risk management hence as trader can maintain account longer life and better than reckless in trading, but indeed also forex trading is need good psychology trading
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In many business failure also can mentinoned as process before success, like as many people said if failure is like as success delay, and still so many opportunity ahead to start again and might will change with new strategy that might can work better because in forex also need to practice with trial error
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If we having interested in trading forex actually we also can start with demo contest, might newbie will difficult to become winner but also will need seriously in practice in demo account, which need backtest system and strategy in demo account before start in real account, this is as early preparation for beginner
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A good money managment system can give you success
radex78 replied to Levie's topic in Forex Newbies
Good money management and risk management this is important for trader because forex market move very dynamic and unpredictable, with always keep discipline using risk management hence as trader will able to maintain account longer life and can survive and get more opportunity to making new trading -
hone your trading with a demo account and a real account
radex78 replied to rizal83's topic in Forex Newbies
On weekend as trader need making evaluation with their trading journey during these time and with making evaluation hence as trader will understand and get new valuable lesson from their experience, might still need to improve strategy and next week want to trying using new strategy we also can making new plan on next week -
Yes indeed as trader also need to built up better psychology trading to become success trader, and trading forex remain risky and not always as trader able making profit in trading so very difficult to making profit without loss, and in daily tradng we will trying to making best analysis to making profit but also using stop loss to manage the risk
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Indeed all result also depending with each trader skill, but as trader also need to understand with money management, using small capital also as trader will adjusted money managament to avoid using big risk taker because will dangerous and not always as trader able to making profit all the time, forex is risky and as trader need pay attention with the risk that involved
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Where to get the best forex signals?
radex78 replied to David_Warner's topic in Forex General Discussion
I am also not yet using signal trading, but sometime I am only test one signal that shared free on forum, and not always success and similar with own analysis, so if we can learn standalone and become good in analysis market hence also possible we making money through forex trading -
I am never trading on binary option so far might some trader that already having experience trading binary they can share little experience since they trading on binary, as I know if not wrong binary also similar with forex which will bet whether asset will up or down and these transaction will expired based on timeframe that chosen
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Usually in contest as winner they can making amazing profit on the end period of contest, so I think that take part in contest not only they as beginner but also many expert trader that also trying luck and get prize, and for beginner if still fail these can for learning purposes with free of risk
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We can using demo account, but also we need seriously if want using demo account for backtest system and strategy, or if any trader want to getting more motivation hence take part in demo contest also as good way to get motivation in trading using demo account because beside they test system but also having opportunity become winner and get prize
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Maybe is possible, but this is also not easy task, might many scalping trader they can making so many transaction daily and not from all trades then getting profit, but also will better as trader beside having target daily also need to using risk management, better treat forex as education investment and not only for target because risk also part in trading
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I think good if trader using demo account and test one system and strategy, like as any trader want to test work with scalping hence they can choose timeframe as trigger decision and might will focus on 5 or 15 Minute timefarme for scalping and this is also will good if they trying test scalping when certain session market so it will giving good experience
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Sometime if any trader having more time they can take part in contest and hope will become one winner in contest, beside also they can practice and test any strategy trading, also giving opportunity if become winner hence will get prize, and I think as trader also will having new experience in contest during these time will compete with fellow participant contest