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radex78
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Everything posted by radex78
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So far I am learn forex only with experience directly to the chart, and learn from reading through internet, because so far I am only graduate from midle school, and never educated on university so might if there are certain course about forex, this is also as good way to making forex also popular among student
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Yes success is not will come overnight, required long time process and progressing, often I am hear any trader although already learn a years but still often fail in trading, this is mean if making profit in trading is not easy like as on theory, we need more time in practice and learning
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leveraged trading profitable for us. because of the leverage that we can trade with small capital. so, you should take advantage of the leverage that you choose well. So you can benefit We can choose high leverage, but we must control our margin wisely, because high leverage normally can open bigger lot size due only need small margin requirement, but trading with high risk taker usually if get loss also in big number, now I am still use low leverage and trade with smallest lot size it safier than use big lot size
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Now I am felt already able control my trades with plan, only open one or two position on single plan trading with using stop loss or sometime hedging position, over trading is making confused and this inefective to manage money because not all order will sure get profit, but if we can making quality transaction it will better than over trading
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practice to be consistent on the profit obtained
radex78 replied to rizal83's topic in Forex Newbies
Demo account is useful, but actually as trader also can using real account with choose micro account and trade low risk with spent small capital for learning purposes, because trading in real account will involved emotion in trading and if small capital eventually get loss it's still on small capital assume as cost for learning -
Basicly as broker they get profit from spread fee on all instrument trading that they provided, and usually there are certain pair having high spread fee, but might as broker not only get benefit from spread and commission, might as big company also they investing on certain business that also profitable, like as bank, they recycle money from their client to making grow up money
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There are so many broker in forex world, I am choose my current broker on forexmart also because I have seen many trader also using this broker, and although still less than a year with this broker, but everytime making withdrawn still processed smoothly, might I want to success from forex altogether with this broker for long lifetime
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Bonus even deposit and no deposit bonus giving benefit for trader, for beginner they can start with bonus no deposit if won't to spent money from own pocket, but they also need obey all rules regarding bonus and if they lucky because having good skill hence will possible making real cash money start from bonus
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Very important in learning process, we need patience and also spirit to learn better, and forex trend market not always easy we can understand, there are strong trend market, sometime on weak movement, and sometime also on flat condition, and if we can understand with the trend that occur hence we can adjusted our plan trading although might not always true because we can't perfect to analyze the trend
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In forex trading as trader need accept the risk in trading it's loss, and don't fear with loss because actually we also can learn from our mistake which sometime giving valuable lesson for trader, and also important in forex trading is we must having patience because success will never come only overnight
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whether our money safe in a broker?
radex78 replied to uncle gober's topic in Forex General Discussion
I am also still comfortable with my broker now, everytime making withdrawn still processed smoothly, and very important for trader choose broker, although they having good skill trading but if wrong to choose broker, hence will vain if they can making good profit but after withdraw profit not paid -
hone your trading with a demo account and a real account
radex78 replied to rizal83's topic in Forex Newbies
Might not all trader like using demo account, but some trader might suggested using demo account with seriously, especially if they want to backtest any system trading which will very important for treat in demo also use risk management rules and risk management rules -
Can no deposit free money help you achieve success on forex ?
radex78 replied to kaito kid's topic in Forex Newbies
This offer included as one way to start learn forex in real account without spent any dime money from own pocket, and usually bonus even deposit and no deposit also having certain rules, which as trader also need understand with these rules so not making misunderstanding in trading -
All trader that joined in forex business actually they want to making money, and forex opened for everyone which we can joined in forex with free, as long as we having intention to learn forex hence we will learn and understand if forex is petential business as source of income
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- Learning forex
- Should i trade in forex
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These amount in my view already as big amount to start trading forex, but as trader also need choose best broker which they can comfortable in trading, because will worried if we join on broker that having bad vote among trader might if we faced with scam broker hence will felt disappointed eventually, but with these amount also we can use on several broker to split capital
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practice to be consistent on the profit obtained
radex78 replied to rizal83's topic in Forex Newbies
Practice and practice, I think with always trained skill with practice and having more experience, I think we will get valuable lesson in trading, and we always trade with learn the trend market which not all market condition will giving easiness to making profit and we need keep disicipline with risk management in trading -
We can't avoid loss in trading, this sometime inevitable, and we need to learn how to minimize the risk with learn about trend market behaviour to making quality transaction, because if we can't learn when to determine best timing to enter and exit hence will hard to making profit, and if any trader already submit plan trading they need confidence with their decision
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Of course will good if during practice in demo account as trader also learn seriously which implemented strategy in trading with also keep discipline trade using risk management, good result on demo also will increasing higher confidence to start and trying in real accountl, but as newbie will better choose micro account for start learn in live account
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why many people see forex trade as gambling?
radex78 replied to rockstar's topic in Forex General Discussion
Gambling in trading is not wise decision, as we know forex is very risky which the trend always move very dynamic and sometime unpredicatble, which as trader they need learn seriously and having good understanding when should waiting and when should enter in the market -
Yes not only for beginner, as expert trader also they will facing with loss in trading and this loss also giving valuable lesson if we learn from all mistake that ever commited, but if loss can't giving good teacher so it because as trader they don't learn from mistake seriously and might often repeated same mistake again
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Learn forex now already can accessed easily, internet already giivng easiness to learn forex for all people that having interested to learn forex, and might on university also there are little insight related with economy which about investment in financial market, but might only small portion in university
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why many people see forex trade as gambling?
radex78 replied to rockstar's topic in Forex General Discussion
So many trader get fail in trading, and rarely trader they can generated consistent profit here, risk in trading always there and sometime as trader they faced with loss because in fact as trader can't perfectly to analyze the market with accurate all the time, but forex is not gambling and this is included speculative investment -
Make sure in demo account we having good skill to making quality trades in forex trading, if we always get fail in demo account hence it's mean still not yet ready jump to real account, and success in demo account with good system it will making confidence start in real account, but real account usually harder than demo account
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Yes in trading forex we need control emotion and will trade based on rules system trading and also keep discipline with money management, if we always emotion and greedy control our decision usually will harmful account, because we can't control the market and we must safe trade with low risk if want to learn trading
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Each trader they having own decision because as trader will handle their own account and as trader they will learn forex and treat forex as main business or part time business will depending with each trader decision, like as me so far still treat forex as part time business only and still comfortable manage forex as part time business