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radex78
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Everything posted by radex78
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Yes forex is included as risky business, but many trader still learn forex because forex also as potential source of income, and here as trader still learn and treat forex as one great business as source income, and some trader they already get earning from forex business which they can generated good income here
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As we can possible we control our trading activity with control emotion, because often we get fail if we always trade using bad emotion like as greedy, over trading, and also too much fear. And for trader indeed usually will choose broker that has low spread because giving benefit for trader
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How to Find the Best Forex Mentor?
radex78 replied to David_Warner's topic in Forex General Discussion
Personally I am learn forex autodidact, and only learn from reading article forex from many source like as babypips dot com, and also learn directly with the market, indeed making profit in forex trading is not easy, and required high dedication to learning and survive in forex business, if any trader easy give up hence usually will leaving forex easily after failure -
Yes we can manage the risk in trading with learn how to manage risk management and also will learn how to analyze the trend market, and alhough forex as risky business but this business in fact still attract many trader to become good trader which they can making good income from forex trading, and they will proud if they can generated profit consistently
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whether you like positive or negative slippage?
radex78 replied to uncle gober's topic in Forex General Discussion
Indeed one thing in forex trading activity willl annoying if faced with requote problem, usually this occur on broker because less quality server broker, which also many factor the cause requote like as distance server with our place might also can influenced on speed data transfered. -
Although forex as risky business but we can manage the risk on first time before investing real money, practice use demo account, and spent money that afford to lose, now some broker offer low minimum deposit from 1$ and we can manage these risk in trading with learn how to manage the risk
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Practice in demo account is good and free place for learning purposes on real market using virtual money, if any trader can seriously learning using demo account hence they can making better preparation before start on real account and better make sure if in demo already having and finding good system and strategy
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why many people see forex trade as gambling?
radex78 replied to rockstar's topic in Forex General Discussion
In trading forex activity usually as trader will they start to analyze the market before open any new entries, but in fact forex market very dynamic and unpredictable, as trader also need to use risk management to manage money in account trading, and trading recklessly usually will causing failure -
When Did you start your First Trade?
radex78 replied to kiranchandra's topic in Forex General Discussion
Many trader might also having long time experience in forex trading activity, but might each trader also having different skill to making forex as great income, still many trader although already having long time experience but in practice also still faced with loss and failure, forex trading is not easy way to get rich at short time -
Yes in forex business we can start only with small capital, which some broker offer low minimum deposit even use 1$ already having opportunity to making money trough forex trading, but actually not easy making profit without good experience and good learning
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In trading we need control our own selves, because we can't control the market and as the market will move where ever will move with ignored trader position, and because we can't control the market hence also we need always trade with strict risk management and proper money management
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We can't avoid the risk in trading, because not always we can't analyze the trend with accurate as always, and because we are not perfect, hence in trading we need to always learn with using risk management and also in trading, which we need trade with proper money management
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practice to be consistent on the profit obtained
radex78 replied to rizal83's topic in Forex Newbies
Maybe not easy to making profit conssistently in trading, but if we having high dedication and also keep motovated to learning hence we will get easiness how to making profit in forex trading, like as many trader said with practice will make perfect, but also need accompanied with good learning -
I think if we can learn well how to trade and not enforced to enter when the market still not yet clear and we doubted might we can manage money better than greedy and with high expectation while in forex market always occur dynamic movement and sometime unpredicatble, we need learn well how to manage the risk
- 460 replies
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- Learning forex
- Should i trade in forex
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Investing money in forex for 3000$ might already as profesional trader, choosing good broker is very important because about huge money, if facing with scam broker hence will disappointed, but before investing these money also need understand with capability in trading
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I think will giving good benefit if we choose broker that having low spread, because will better in trades, and especially for scalping, which as scalping they will take small target profit and will take benefit with broker that has low spread.
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So many broker on forex business, maybe we thinking not all broker is good and having reputable broker, and we choose forex broker because we trust with these broker, but however in forex business this is risky business and we also need carefully to investing money in account trading
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whether you like positive or negative slippage?
radex78 replied to uncle gober's topic in Forex General Discussion
On breakout because news that included in high impact sometime broker suddenly happened wider spread occured and after trader open trades, hence suddenly as trader look floating loss which not like as usual -
whether our money safe in a broker?
radex78 replied to uncle gober's topic in Forex General Discussion
Choosing broker is important because we will put our funds on these broker, and maybe we will sadness if we facing with scam broker, and will disappointed if we already investing huge money on broker, but eventually we faced with scam broker, in forex we need carefully investing money in forex business -
Importance of stop loss placement in forex trading.
radex78 replied to asiaforexmentor's topic in Forex General Discussion
I have seen so many trader still using stop loss as one way to manage the risk in trading, and i think this is very dangerous if we trade without stop loss while our skill to analyze the market is still on standart skill which often making mistake in analysis, stop loss is one way to manage the risk beside we trade based on strict money management -
Indeed forex is risky business, but in fact we can manage money in forex trading with proper risk management and money management because if we always trade with high risk taker hence will harmful account and this is not safe trading because in forex we need trading with proper risk management and money management
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why many people see forex trade as gambling?
radex78 replied to rockstar's topic in Forex General Discussion
In forex trading some trader migtht they using indicator as help tool and they can learn how to use indicator and accompanied with risk management and money management, forex is great business as source of income if we can manage account with good skill, learn how the market work and also keep discipline with proper risk management and money management -
How to manage money in forex business is not easy, without proper learning, hence forex only will become any business that like as become money wasting machine, because as trader they greedy in trading which will harmful account, and forex will become one great as source income for trader that able generated good profit in trading
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Some trader they already treat forex as main job and business which as trader they can get earning from forex business, but might also still many trader only treat forex as part time job only and will secure if still get earning from another source of income because forex however as risky business and not always we can making profit from our trades and sometime get loss