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radex78
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Everything posted by radex78
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We can learning in demo account with good if we can seriously on practice, but if we reckless and can't discipline in demo account hence also will difficult to understand with system trading because still relying with lucky, although in demo account not involved emotion, and if any trader want to develop better system trading they can start with real account
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whether you like positive or negative slippage?
radex78 replied to uncle gober's topic in Forex General Discussion
Stop loss is one way to manage the risk in trading, which as trader they can't always able analyze the market with high accuracy, and trader using stop loss because they can manage the risk better than without stop loss, and beside using stop loss hence as trader also need to understand with money management which this required to using safe lot size in trading -
Trading with bonus usually also can to use for learning purposes, but sometime as broker having certain rules regarding with bonus that hard to fulfilled and if any trader want to withdraw profit bonus they need making invest money in account and open trades certain lot size to eligible withdraw profit bonus, this is also still risky because if they getting loss hence also will vain they making profit from bonus
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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 if any trader facing with scammed broker hence it will making disappointed and might regret, and as trader I think before they decided to joined on certain broker also need research first, about regulation, about many trader using service broker or not, etc, but after they look broker is good reputation then also need consider with risk in trading just spent money that afford to lose first before imagine easy earning -
Yes greediness is one thing that should to managed, this is about emotion or psychology trading, so some trader said if about psychology trading has high role in forex trading, bad psychology although they having good system trading also will fail if they can't control their emotion
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I think is small trader that only start with small capital hence they will need to trade relying with analysis and not relying with power margin, except trader using large capital and they assumption will able to withstand price movement from highest price and lowest price on big timeframe
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Yes of course the market will not wrong, if any trader facing with loss in trading hence it's because they also making own decision, and facing loss also because their mistake in trading that against the trend, but as trader also need always to improve skill trading to making betterment skill
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Some trader they using ea and according them also profitable, but I don't know for sure, because I am alone still like and often using manual trading than using ea, because with manual trading we can manage the risk according our risk management, so if we leaving order and look again later if trend against our order hence we already know how much we getting loss
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When I am knows forex first time my young brother introduce to me, and as beginner also need to reading basic knowledge about forex, and then trying on demo account but because rush and want to start in real account then investing small money less than 30$ but get fail only three day trading
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I Think Forex is Just Gambling , Do you?
radex78 replied to kiranchandra's topic in Forex General Discussion
In my opinion forex is not gambling, this is real business that included as risky business and possible as trader losing money in trading, but here as trader need good knowledge to analyze the market and having good understanding with the trend market behaviour and in trading also always keep discipline using risk management and money management -
I have brother that he already relying income from forex business and he treat forex as main business as source of income, so still possible to making forex as trading for living, but of course they need strong mental and also good knowledge and having experience in trading, so they understand with consequence in trading will possible to facing with loss
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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 getting success in trading will not easy, but we need to strive and struggling to achieved these success, maybe many trader trying to seeking quick way and easy to making money through forex with using ea and also another software, but will better as trader they learn step by step, because forex is not easy way to get rich at short time -
Forex already become popular now I think because many people already using internet, and now forex is become more popular because many device smartphone now also already many people using smartphone and making forex more popular, because many broker also already support mobile platform and trader can using smartphone for trading forex
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Forex now is one of the Online Business
radex78 replied to luke1's topic in Forex General Discussion
Yes indeed on certain condition when we easily to making profit, forex is easy and we felt very easy, but when we facing with difficulties and often fail hence we also will felt forex is hard. so here is about profit and loss too, and as trader having compulsory to learn how to decided on best timing in the market and determine exit point -
Do you participate on demo contest?
radex78 replied to Ronnie Irani's topic in Forex General Discussion
Because in demo contest giving opportunity to become victory and get prize, usually in contest many participant they will trade with greedy because they want to making maximum profit, and they not fear although facing margin call account, so it's common thing as winner usually they can increasing huge profit on period of contest -
I think bonus is only as one promo from broker and as trader they can decided will using bonus or not, but I think this is also important and many trader claim bonus because also giving benefit for trading purposes, although they also need to reading rules regarding with bonus, so if bonus canceled they not shocks because broker also has certain rules
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I am also still prefer with manual trading with own analysis,but might many trader they trying to follow copy trades and might will having experience when they follow these system, and for me usually will felt satisfied if already able making profit and withdraw money or look on account equity always increase
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I have seen if currently forex still become popular business and might there are many story hidden in forex business, many trader they might come back again after facing with failure and no capital to start trading again, but there are trader that already able get earning from forex business on regular basis, and as long as forex still exist hence forex is great and popular business
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So many broker in forex market and might not all broker are safe, so will become important part for trader choosing broker that having reputable and also regulated broker, which will disappointed if trader joined on scam broker, but however forex is risky business and obey golden rules investing money in high risk business just spent money that afford to lose is better than invest blindly
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Trading without loss is difficult task, although possible but along my experience forex remain risky, we can't eliminate risk fully in trading, sometime loss inevitable too although we already trying best analysis, but of course will good if we having good experience and knowledge to manage money in uncertainty market condition, as long as we can making profit on the end period of time hence it better than fail
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Why do you think people are scared of investing in forex?
radex78 replied to Levie's topic in Forex Newbies
Success in trading forex is not easy task, and this is required good psychology trading actually, and maybe many people that scared investing money in forex because they look forex is risky business and might they assume as gambling, and might they hear many trader fail,but should to realized indeed only trader and investor that having courage will investing money here -
We can use demo account for learning purposes, but actually we need using real account because will develop better psichology trading, and we can start with small capital first before imagine easy earning and make sure in demo account they already having good skill and ability to manage money in forex market, because if in demo account still facing many failure hence not differ much in real account
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Yes as trader need to having patience but in fact forex trading also will possible in trades still facing with loss and not always as trader able increasing money with making profit always, will better if we trade forex with good money management and risk management, many advice for beginner better they thinking how to saving than boosting
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I think only with high intention and high dedication hence as trader they will having better ability and survive in forex business, because like as you said if forex is risky business and indeed sometime loss inevitable, sometime as trader expect after open order then the trend following order, but sometime that occur is opposite with expectation and on this condition sometime their emotion appear and if angry might they can't manage account properly
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Of course as trader they will need to implemented risk management and money management during trades, this is like as great weapon to defend on the uncertainty market condition, but also as trader need always learn how to identity the trend, although not always they can perfect, but at least having better accuracy than false analysis i think profit possibility will higher than loss