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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
Small money is small risk too, but also will not easy start with using small money and want to making huge money, but for learning purposes and practice in real trading using small money is good for learning trading in real market condition, if success using small money might increasing confidence then trying use bigger funds -
Indeed skill analysis is important part to making profit in trading forex, but to getting better skill about this, hence as trader also need to learn and practice in real market condition and also always practice and making evaluation trades
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Indeed emotion and also psychology trading has high role in trading forex, sometime also influenced with the end result, if any trader having good methodolody trading but weak on psychology trading also can making less discipline and often making same mistake over and over again, but beside good psychology as trader also need to using proper money management
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Painful experience with instaforex
radex78 replied to francmorio's topic in Forex General Discussion
I don't know what actually happened, because might as company also they having own rules and sometime as trader don't know, and usually if having problem then ask question to support team on broker might will getting response -
Looking for a Forex Trading keyboard!!
radex78 replied to David_Warner's topic in Forex General Discussion
Thankyou for shared new information, but actually still not yet understand what function and benefit using forex keyboard, and also still curious if this worked on mt5 and mt4, might because so far me only trading with simple way using stop loss and target profit so don't understand if there are new development with new feature -
Demo account always helpful for especially beginner that want to learn and practice in real market condition, first as newbie need to learn one system trading how to using method for practice in learning, like as learn how to using two moving average and tryng system trading with using crossing moving average as confirmation signal
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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
If rules regarding bonus is easy, like as profit can withdrawn but bonus is not, this rules still easy and possible for expert trader they can generated good income from bonus, but honestly not all broker giving easiness rules about bonus no deposit -
The best traders in the world – what they have in common
radex78 replied to analyst75's topic in Forex Newbies
Keep motivated on learning and processing, because become success is not easy to achieved and need process and progress, actually all trader want to become own boss and able generated income from home, but also as trader need pay attention with the risk in trading and for some trader only treat as part time business -
Yes indeed not easy to making profit in trading, because in fact many trader fail in this arena, and only small percent trader that able generated good income, which as trader required good learning and also experience which if any trader already having good skill hence making money with forex will get easiness
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- Learning forex
- Should i trade in forex
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Don't expect out from the line, if we only having small capital hence will better also making reasonable target on our trades, although this is not easy and we need to learn how to analyze the trend market, because as trader will work with the trend market, and we will easily to making profit if we can making good accuracy in analysis
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A good money managment system can give you success
radex78 replied to Levie's topic in Forex Newbies
Yes many information about good money management and risk management is very important in trading, and in fact many trader get fail in trading, and only few percent that able generated good income through forex, and we all trader will hope also become profitable trader althugh not easy -
Importance of stop loss placement in forex trading.
radex78 replied to asiaforexmentor's topic in Forex General Discussion
We need learn stage by stage and don't rush, if not yet ready to using big capital because still not yet having habit use big capital usually also need to adjustment psychology, if already having good skill using small capital and able increasing money and start from small become big money hence start on next stage with real account using more capital -
Forex trading remain risky and not always as trader will able analyze the trend perfectly sometime as trader will facing with bias and wrong analysis, so because this reason hence as trader need to trading with using risk management plan and not only look on target profit, but also as trader need to thinking reasonable profit
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We can using demo account but also if already having good preparation hence will good if then investing money and using real account, that will better to improved psychology trading because forex in real account will already involved emotion and as trader will good if already experience in real account
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I think all trader want to grow and able to making good earning from their investment, as trader will always trying to analyze the market and then also look on the end result to making evaluation trades, because forex trading is not easy way to get rich at short time
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what are the best forex trading Hours?
radex78 replied to asiaforexmentor's topic in Forex General Discussion
Reading news update is important for especially for trader that based on fundamental analysis, like as today if we look and reading news on calendar economy there are several news that included high impact news and as consideration hence trader need to follow update news and keep trading with risk management -
what are the best forex trading Hours?
radex78 replied to asiaforexmentor's topic in Forex General Discussion
I think as trader also need to looking update news that sometime also can influenced on the market, which when time news high impact has been released sometime can making movement more volatile, some trader that based on fundamental analysis usually will focus on these time, but indeed not always news giving impact -
Actually will more motivated if any trader already having experience in real account usually will lazy to test on demo account, because different psychology, which in demo account not involved emotion but in real account will involved emotion and this can making different result because if any trader having bad emotion in real account usuallt often fail
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Yes good for learning purposes, because demo account only using virtual money but real market condition remain same with real account, for backtest is useful on demo account if any trader they want to tes new ea also good for backtesting, but indeed not always good in demo account then will good also in real account
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Importance of stop loss placement in forex trading.
radex78 replied to asiaforexmentor's topic in Forex General Discussion
Yes we need to balance between emotion our plan trading, emotion is part in psychology which there are good emotion and also bad emotion, and good emotion is useful like as patience and also obey with rules with discipline, and bad emotion like as angry, greedy, over confident, if any trader always using negative emotion hence will harmful account -
Regulation, Do this really important for broker?
radex78 replied to myregister's topic in Forex Newbies
Talk again about regulation, this is many trader suggested to choose broker that has regulation, this is to avoid scam broker, but however forex business is risky, and investing money that afford to lose is very much important after decided to using service from broker, test first with small money and then withdraw money then look process withdrawn -
Maybe standart poor on each country is different, which because value currency compared with usd also different, like as on my country that included as developing country and included has weak currency on the world, 1000$ in my view is big money but no for rich people
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I think on daily trading actually as trader will still want more although now already reached target but in fact they want to repeated again, as long as human still not yet death hence they still having emotion to get many wealthy on their live, so trader also want to become rich and they always struggle in this business
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I think depending intention to learn, maybe any trader knows forex after old age and they having intention to learn forex this is also good to start, if any trader they as student and then knows forex and interested to learn forex this is also good time become trader so forex trading not limited by age or gender all having same opportunity