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radex78
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Everything posted by radex78
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What should a newbie do for earning from Forex Trading?
radex78 replied to unikings34's topic in Forex General Discussion
Because forex still one online business, might still many new trader want to learn and start trading forex although actually this is also included as high risk business, but still promising, some trader already get earning regularly through forex business because they active and become knowledgeable in forex business, so good programmer ea also selling service to created ea and this is also other side of forex business -
Mistakes that Forex traders are likely to make.
radex78 replied to mody.saied's topic in Forex General Discussion
Repeate same mistake, might this is also such mistake that sometime still often to face, trend market that move very dynamic sometime changes easily psychology trader when they look on changes, often decision tempted by movement on any pair, and sometime they not realize if actually already too late in decision and causing floating too long time, forex indeed like as psychological game -
Importance of stop loss placement in forex trading.
radex78 replied to asiaforexmentor's topic in Forex General Discussion
I think good if any trader already passed learning through demo account then start in real account with using small capital, as long as still on money that afford to lose small or bigger capital is not big deal and as trader will get new experience trading in real account with high sensation because already involved emotion might like as playing roller coaster -
Can no deposit free money help you achieve success on forex ?
radex78 replied to kaito kid's topic in Forex Newbies
Trader will making their own decision on the market, although two trader look on same pair but not always they can making same result each other, because also having different method and especially psychology in trading, which this is giving high role during trades and as trader having emotion -
Yes forex trading is like as the art business, not always we can making profit in trading, and sometime loss inevitable, so profit and loss also as part in trading and as trader need to always pay attention with the risk and not only focus on target profit, some trader might making mistake dare to borrow money because they can easily making calculating target profit like as math science while forex is not like as math science
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I think beside need time also will depending with number of capital in account, indeed high leverage help to boosting profit, but then next problem is not always as trader able analyze the market perfectly and if when they trade with bigger lot size due leverage allow them open higher lot and on these time the trend against order hence also will facing huge loss to, so it's balanced
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I think we need to keep discipline using proper plan trading, this will can minimize our emotion if we can manage money with proper plan trading, because in our plan is not only will implemented strategy but also calculating maximum risk in every single plan
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However forex will remain risky, we can't work recklessly here during trading, because if we aleways reckless using margin and often work with greedy hence will difficult to making better trading result, because not always any trader will having perfect analysis although already having long time experience, forex market remain dynamic and sometime unpredictable
- 460 replies
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- Learning forex
- Should i trade in forex
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Little profit ...Would you accept it from forex trading???
radex78 replied to showrov1993's topic in Forex General Discussion
Because it as part in trading forex, sometime loss and profit is common thing in trading forex, we can't deny if eventually facing with loss, and because loss also as part in trading hence as trader will need manage their money with wisely using risk management which on trading usually as trader using hedging and stop loss or sometime trailing stop, there are few ways to manage the risk but as trader will choose that suitable with them -
Although as trader can't making profit consistently through forex trading but as trader will always to strive and struggle to making better result in trading and also because loss also as part in trading hence as trader also need to prepare these risk, many trader using stop loss in trading
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What should a newbie do for earning from Forex Trading?
radex78 replied to unikings34's topic in Forex General Discussion
Yes as trader newbie they can to practice using demo account and trading seriously on learning, because market condition in demo account bis same with real account, and for practice trading also good if any trader using demo account with seriously. -
Yes if any trader willing to spent time in demo account this is also as good way to practice and for learning purposes in real market condition using virtual money, for backtesting any system trading and also strategy trading before used on real account, but indeed on demo account can't built up better psychology trading
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Yes actually we can start with real account with using amount capital that we can afford to lose, if we ready with one hundred dollar to start in real account currently some broker offer low minimum deposit and also offer high leverage, I think we can improve better psychology if trading use real account
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What should a newbie do for earning from Forex Trading?
radex78 replied to unikings34's topic in Forex General Discussion
Yes some broker offer low minimum deposit and for learning stage this is good for trader newbie, but if still really newbie will better spent time practice in demo account until they can finding profitable strategy and system trading -
Yes maybe difficult to making profit consistently without loss in daily trading, which forex trading is inlcuded risky business and as trader sometime they can't avoid loss, and how to measure result in trading some trader look on how much drawdown in trading
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So many broker thar provided demo contest with prize, this is also as one opportunity if any trader willing to spent time take part in demo contest, and maybe each boker also having different rules contest, and if want take part in contest also need reading term and condition
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I think trading in real account is giving better experience to develop better skill trading and also built up better psychology trading, but indeed the risk is real, and if trader losing money in trading these loss is real money, and will disappointed if facing with margin call account, and will good if newbie prepared using demo account until finding profitable system and strategy
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Little profit ...Would you accept it from forex trading???
radex78 replied to showrov1993's topic in Forex General Discussion
In forex trading not always able to making profit regularly in trading, there are sometime we facing with many difficulties and might facing with loss in trading, and if any trader already having reasonable target and can achieved target regularly, little by little will become big money -
If any trader having tendencies being greedy in trading, this is not wise decision for overall trading, need risk management and money management to maintain account and not only with greediness, often this will harmful account
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Although forex opened for everyone, but not everyone will suitable with forex trading, this is need high dedication and also motivation if they as trader usually will learn how to making profit in forex and make sharp skill trading day by day, but indeed there trader that interested forex but because one failure then leaving forex
- 460 replies
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- Learning forex
- Should i trade in forex
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Indeed at least 18 years old on many country to reached adult and deserve get counry identity which important as one document that required to getting verified account if trader already want to start in real account, but for learning no matter about age, as kids also can using demo account with free
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I think as trader also need to practice in real account, after thet already having long time experience in demo account and get experience in trading hence will they start in real accont, and using real account usually different emotion if compared with demo account especially about psychology trading
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We can control our selves, don't investing all saving money in forex account, and don't borrow money to invested in forex account, this is risky business, but because forex trading is simple business hence many trader interested in forex and want to making money in trading forex, first if not yet having experience using demo account indeed also as good for early preparation, before spent real money
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Yes we can using demo account for practice with free risk, because only using virtual money and this not influenced on the emotion indeed, but if any trader can learn seriously I think also good as one free place to practice in real trading without any risk.