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radex78
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Everything posted by radex78
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Learning will never stopped as long as we want to survive in forex business, indeed not easy to become successful trader and only will possible if we always learning, might using demo account if we seriously to learn hence we can get valuable lesson for later if already start in real account
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I am not having target making 1000$ daily, this is too fantastic target and never will achieved for me because not using big capital and only using small capital so if having unrealistic target it only like as dream that never come true, better thinking how to manage whatever amount capital we start to trade
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Good mindset indeed also help in trading, if trader come forex and start trading which they doubt and not confidence because having negative mindset hence this is also will become like as barrier for trader itself to develop their skill trading, but if any trader having positive mindset hence will more confidence in trading
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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
I think as trader also will having own decision eventually, if any trader decided using own money, currently many broker offer low minimum deposit and we can trying using from small capital as long as still obey rules only use money that not use for near future so if still fail not too much regret -
Regulation, Do this really important for broker?
radex78 replied to myregister's topic in Forex Newbies
Maybe because might occur any trader facing problem with broker but sometime not mistake from broker it self, sometime trader against rules broker, I am ever facing problem with certain broker which because according their judgement is I am using same IP on two account one use my name and one another using another name, and this is also become problem in certain broker. -
Why do you think people are scared of investing in forex?
radex78 replied to Levie's topic in Forex Newbies
Some investor might they scared if eventually they joined on broker that likely only as scam broker, because so many broker forex on this world and not all broker is secure, and as investor also will carefully if want to investing in forex business, which this is included as high risk high return -
We need to learn seriously in trading, and we can making money through forex business if already having good skill trading, which this skill is not obtained with instant or shortcut, but required to long time process and progress in trading and for future life this can become reliable source income
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I think also as one opportunity for trader if they take part in demo contest, which this is beside as trader need to learning and they can practice using certain system and strategy in contest, hence if these strategy work well and then making bigger profit from amomg contest participant hence will making confidence to start trying on real account
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If any trader take part in demo contest, this is very good opportunity also, some broker provided demo contest for their client, and for beginner also they can take part in contest and while learn and practice also trying to compete with fellow trader, although can't become winner if already get good rank hence also will giving motivation to try again on next contest
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Every day trading as trader will trying to analyze the market according their skill to analyze the market, and to achieved good skill hence as trader they need to practice and keep learning from many mistake that ever committed, and if we already able making profit consistently hence we can get good income from forex
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In trading we limit our risk usually we can using stop loss and or cut loss manually, in money management plan as trader will using lot size that suitable with amount of capital, and for safe trading then using small lot size will can longer life than using big lot size.
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Experience is very good to make sharp skill trading, because start from experience which we always practice, it will can giving valuable lesson for us which in practice we might facing with many mistake and start from there hence we can learning from these mistake to making better skill
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Still so many trader using stop loss to manage the risk in trading, this is important for them although some trader might not using stop loss but as trader need to manage money with money management,and survive in forex beside need risk management also skill to analyze the trend market
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In real account we will involved emotion, sometime very different in psychology when trade using demo account then using real account, look real money and virtual money will influenced on emotion and sometime success in demo but fail in real is possible occur
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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 if any newbie they start with demo account hence this is very good for they as beginner to learning, but if trader beginner they rush jump to real account without preparation hence usually will facing with quick failure, and start in demo account to test any system trading is very important for newbie -
Indeed we can using demo account to making better skill in trading because with demo account although only using virtual money but market condition remain same with real market condition, and with demo account if we can learn seriously hence we will able to manage our money better
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Why do you think people are scared of investing in forex?
radex78 replied to Levie's topic in Forex Newbies
Indeed alll business there are own risk, while in forex business this is included as high risk high return, if any trader they can making profit consistently through forex trading hence this is will become very potential as source of income, but if any trader can't manage money in forex market maybe they will leaving forex and then become bankrupt -
Yes sure, we need process and progress in every business, we joined forex and first time never become expert without learning, forex is risky as many trader know, and we can learn step by step and not rush if want to making money through forex business, we will need to learn forex with good skill trading and we need to practice and learning with experience
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The best traders in the world – what they have in common
radex78 replied to analyst75's topic in Forex Newbies
If still newbie hence trade with manual trading hence will giving better understanding and experience on many kinds market condition, which as trader they can making money through forex market using manual trade, but indeed there are some trader even they beginner like using ea and they seeking the best one ea and maybe also have similar experience with manual trading it faced many failure -
Discipline is sigh if any trader already having good psychology trading and will better indeed as trader practice in real condition then become good discipline in trading and we can manage money with also using risk management with discipline, although this also not guarantee profit but to test skill analysis discipline will help much to making evaluation
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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 we start with small capital indeed skill most important and as trader should trade with carefully and not recklessly because to making money through forex trading using small capital hence as trader need to making best trade and on first trade should able making profit because if facing loss hence will decreasing equity and will get small opportunity -
Yes each broker offer bonus and also having own rules, and for trader that will claim bonus also need reading agreement regarding bonus because sometime bonus canceled because reason that not listed which on time as company can canceled bonus without notification etc and reading rules will giving information for us
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All business actually need to hardwork and struggle to achieved success, without hardwork hence will hard to success, but hardwork only also not can making any trader will success, because also need smart work, which in forex we need to learn well how the market condition going on, although this is not easy
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Eventually as trader need to using real account if want to develop better skill on real condition, because in demo account usually will never involved emotion and they need using real account if want to develop better psychology trading, and if in real account any trader already able making profit consistently hence they can making forex as main source income
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Maybe if we can making accurate analysis hence we will always able making good profit on trading, but in fact many trader fail in trading and sometime loss inevitable, and as trader also need to manage the risk to maintain account because not always as trader will able making perfect analysis