Exchange Blog Cryptocurrency Blog
radex78
Member-
Posts
2,637 -
Joined
-
Last visited
-
Days Won
2
Everything posted by radex78
-
Long term trading for newbie will be more profitable
radex78 replied to euro's topic in Forex Newbies
I think we have own choice will trading with short term plan trading or we will prefer trade with long term plan trading, I think short term trading also possible to making profit if any trader already having good experience and knowledge using these strategy, but also we can using long term plan trading as long as we can follow the trend -
hone your trading with a demo account and a real account
radex78 replied to rizal83's topic in Forex Newbies
Forex trading always risky, and trained skill in demo account is goof as first step for beginner, before investing real money on real account they can using demo account for early preparation, and trading forex required also good mental trading and built up good mindset in trading is good if they start in real account -
Yes very good if trader beginner they need learn and practice in demo account, as early preparation and they can choose leverage that they like, if in demo account they can learn well how to making profit hence will good as early preparation, and they can learn how to manage money in real account with start using small capital first and choose leverage according tested on demo account
-
I am suggest to newbie if they already learn and practice in demo account and already having confidence in trading and understand how to start trading, first they can using bonus no deposit because this will free from risk, some broker offer bonus no deposit and we can trading with bonus for next experience
-
Importance of stop loss placement in forex trading.
radex78 replied to asiaforexmentor's topic in Forex General Discussion
I am always using stop loss in my plan, because I work as manual trading and I like with this way and analyze the market with simple way using naked chart and look on different timeframe to analyze tendencies movement to determine option buy and sell, stop loss is one way to manage the risk in trading -
Maybe many trader that get fail in trading because they thinking forex is easy, sometime thet making certain calculation target profit and will become certain number on several month or year, but they not look about the risk and forex is not like as math science which will get fixed number with using formula
-
Forex now is one of the Online Business
radex78 replied to luke1's topic in Forex General Discussion
Indeed profit in trading always vary and not fixed earning, but forex still become one business that still very promising and many trader already interested with forex because they also ever get earning from forex and also still look forex as great business to making money only sit down in front of computer -
Yes will possible start using huge capital but get fail in trading, so I think will better if any trader spent time first to learn how to manage money in forex market using demo account which if they can learn seriously hence it will good become early preparation before start in real account, keep discipline will help us to making money
-
Over trading is greedy, if any trader they open many trades and without experience with hope making all profit in all transaction hence will making only confused how to manage all trades, in trading forex as trader need understand what they do if they over trading recklessly it only often causing failure
-
Long term trading for newbie will be more profitable
radex78 replied to euro's topic in Forex Newbies
Eventually will depending with each trader skill, if any trader like using scalping hence they can focus on learn seriously with scalping trading with choose on certain time when the trend market supported to making scalping more effective -
Loss in forex is general thing, which as trader will possible to suffering with loss in trades due trend market sometime move unpredictable and very dynamic, making mistake in analysis causing loss, and forex is about possibility which if any trader having good experience and knolwedge then they can making better trade with choose on best timing to enter
-
Forex is for all, but not all trader able making money, and how to become good trader I think we need always improved skill and always practice with good learning, forex will become reliable business if we can making good profit in trading consistently, but we can't deny if forex is hard business without learning usually will the end with failure
- 460 replies
-
- Learning forex
- Should i trade in forex
- (and 4 more)
-
Yes all trader using leverage in forex trading, but might not all trader prefer using high leverage although currently some broker offer high leverage, some profesional trader that already using huge capital usually they prefer trading with low leverage because safe than using high leverage
-
In every tick price movement as trader they need to understand with the risk that involved, and as trader they must trading with risk management and using money management, although in demo account if already having good habit hence they will repeated later on real account, make sure in demo already having good system and worked, then using real account
-
Yes so many broker in forex world, and some trader might they using several broker, I am also actually having several account on different broker but only using small capital, included on forexmart, I have seen this broker also as regulated broker and hopefully also will success for long run
-
If we can trading with follow the market hence we will able to manage our risk been minimized, but in fact we also need understand when the trend market will move on reversal time, and I think on bullish trend also often occur bearish wave although only small wave but will safe if trader having patience to waiting best timing
-
FRIDAY....last trading day of the week!
radex78 replied to eden100's topic in Forex General Discussion
Might for trader expert they can take part in contest, on my broker also there are contest demo and some another broker also provided demo contest, for many trader they having interest hence can start and trying contest to competing with other trader to become winner. -
How to become a successful trader as soon as possible?
radex78 replied to TekiJIa's topic in Forex General Discussion
Yes maybe if there are polling how many time required to become success trader hence might many answer will vote more than few years and no instant success to become profitable trader, and experience will bring them to become better trader because they can learn from their own mistake and making better skill -
Do you participate on demo contest?
radex78 replied to Ronnie Irani's topic in Forex General Discussion
Some broker offer contest demo, and this is useful for trader from beginner and expert trader might they can take part in contest and also they can learn to test strategy trading and if become one winner hence they can get victory and get prize, this will good for them -
As we all know if trading forex is risky business and might we facing with loss in trading, and how to manage our money in account we will need experience and able analyze the market with high accuracy hence will possible we increasing profit day by day although we can't making daily profit but as long as we still able making profit this better than margin call
-
Greedy is one emotion that often causing failure and usually if occur loss also on huge number, so I think for safe trading using low risk will making account longer life and with patience we will able control and manage account slow but steady to winning the race
-
No doubt if in demo usually will free from emotion pressure and also usually start with big initial deposit might from 5000$ and this is strong margin of course, which with strong margin will free to using long term plan trading, while in real account usually emotion has high role in trading and usually real account start only using small money less than 100$
-
If we can making money through forex hence forex is for us, but if always waste money in trading might better they seeking another business that giving income for them, because although forex opened for everyone but not everyone they can making money through forex business
- 460 replies
-
- Learning forex
- Should i trade in forex
- (and 4 more)
-
Why do you think people are scared of investing in forex?
radex78 replied to Levie's topic in Forex Newbies
Yes forex trading included one business that high risk high return, and if any trader having good ability to manage their money in account trading properly hence forex might will become money making machine for them, but indeed forex also high risk business and many trader also ever they get fail and losing huge money in forex -
Might we having own choice to using leverage, but basicly we need to understand if using high leverage also will like as using double edge of swords, if we can control our decision and having tendencies to trading with high risk taker hence it will harmful account