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radex78
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Everything posted by radex78
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I think if we having small capital hence we can start with using real account, assume if get loss in trading hence it's as cost for learning because in real account we will faced with emotion and will better built up better psychology using real account because we can manage and learn how to control emotion better than demo account
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Yes we need good skill trading, and we can get better skill if we always learn and practice in trading because if we always practice and trying to making trades with strict risk management hence we will having more opportunity to making new transaction, and we can learn from lour experience and although not easy making profit but still possible to making profit
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hone your trading with a demo account and a real account
radex78 replied to rizal83's topic in Forex Newbies
Indeed not all trader they willingly to spent time practice in demo account because although they can making good profit all profit unwithdrawable, and usually trading in real account usually as trader will involved emotion and will happy if get profit but will sad if get loss, and hone trading skill is important in real account -
practice to be consistent on the profit obtained
radex78 replied to rizal83's topic in Forex Newbies
Yes right, as trader need always keep practice to making perfect, but also as trader beside practice also need learning, and always learn also from mistake that every commited, and as trader they can survive in forex if already having key success in this business -
Can no deposit free money help you achieve success on forex ?
radex78 replied to kaito kid's topic in Forex Newbies
I have seen still so many trader esepecially beginner they interested using bonus no deposit, indeed for learning purposes is good because they don't need to spent money from own pocket, and if they can fulfilled all requirement start from bonus hence they can making real cash money, but usually profit also limited because broker also they will offer bonus with certain goal -
One advantage forex trading currently is we can use leverage which with leverage hence we can use small margin requirement to open one lot size and this is giving same opportunity to making profit using huge capital, but using leverage as trader also need understand if they greedy hence high leverage can making account get margin call quickly
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Of course in demo account we will get lesson if we take care in learning process, with demo account any trader they can backtest any system trading and strategy trading, some trader also using demo account for backtesting ea before forward test in real account, and if on demo still often fail hence not differ much in real account, and in real account really this is already real battle in the market
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It will become good idea if forex also offered on university because this is also as one way to making money, and one benefit forex is we can treat only as part time business only, if likely there are university which in lesson also included about forex hence as student they can get knowledge about forex which will useful for later in living
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Yes i think you right, in every business will involved risk, not except in forex trading which this is included as high risk high gain business, but although forex as risky business but if any trader they already having good understanding with the trend market and they can manage money with strict risk management and money management hence it will good as reliable business as source income
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why many people see forex trade as gambling?
radex78 replied to rockstar's topic in Forex General Discussion
Maybe forex will like as gambling for certain people or trader itself, but might every trader they can assumed forex as business or gambling, and for me forex is not gambling but this is included as speculative investment and required good knowledge and experience to making forex as profitable business -
I am also ever hear about bucket shop broker, maybe will disappointed as trader they trade with dealing desk broker because if trader loss hence broker will get profit from losing trader, and if trader get profit hence broker will loss, and maybe dealing desk broker also will use software like as stop loss hunter etc to making loss trader
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Choosing leverage for trading purposes as trader also they need understand with high leverage, actually this is also like as using double edge of swords, which as trader might they can making big profit from high leverage, but if trader they can control emotion using high leverage if always strict using risk management hence still can giving many benefit
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If we talk about choosing broker, many trader suggested to choose broker that has regulated, and indeed will better trader choosing regulated broker because about money is very sensitive, and after choosing broker as trader also need obey rules investing money in risky business just spent money that afford to lose
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Trading with take more risk might if in lucky hence will get more profit, but for long run might on certain condition eventually will fail because forex market very dynamic and unpredictable, often I am reading suggestion from expert trader that already trading for living they only have small target profit like as 100% each years, and trading with high risk taker indeed might we can making profit 100% only few week, but making conssistent profit is not easy
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Yes indeed required process to become profitable trader, might as first time learning as newbie usually we like using indicator and sometime trying various indicator as help tool, sometime trying complicated indicator that making chart full with line indicator and closed the candlestick itself, but after still get fail then they will change their mindset and trying new strategy
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- life vs forex
- discuss life vs forex
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Learning from mentor is good way to get easiness in trading, which as trader they will get guidelines from their mentor, especially if these mentor already able trading for living, hence will get suggestion on trading but as trader also they need improved skill in trading, although maybe also faced many difficulties and problem, but they also can learn from their experience
- 361 replies
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- Forexmentor
- forex mentor necessity
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I have seen many newbie also they using bonus from broker, as beginner if they using bonus deposit or no deposit bonus will better also if treat account seriously and always trading follow with rules trading system and also keep discipline to manage the risk because bonus also as one way to learning trading in real account without spent money from own pocket
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However forex still become reliable source income for some trader which they already able making money through forex business, actually forex is good business as one way to making triple money although also as rsiky business, with good learning hence forex trading that before as hard business hence will possible to become easy
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why many people see forex trade as gambling?
radex78 replied to rockstar's topic in Forex General Discussion
maybe so many people treat forex as gambling because they don't know after making decision they assumed as relying with lucky, but as trader they never treat forex as gambling except they as gambler trader, as gambler might they will trade high risk taker and less pay attenion with the risk, they relying with accuracy analysis and lucky -
I think so many trader already proven if they greedy in trading hence only will facing with failure eventually, although possible making huge profit but if only because lucky hence greedy if already as habit usually will fail eventually, in trading forex as trader need using risk management like as expert suggested just take risk less than 5% each plan trading
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Risk in trading always there I think to eliminate the risk as trader need they having good analysis and also strong psychology trading which as trader will can manage their risk with using stop loss which this is one way to manage the risk, risk in trading is part but as trader need to learn how to identity the trend so they can determine best timing to enter and exit
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Yes will good if newbie they get guidelines from mentor and also from practice, we can learn from mentor and get knowledge that will implemented in real condition with practice and we also can get new experience if we also learn many system and practice and look result each system for certain period of time so we can chose one system that suitable
- 361 replies
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- Forexmentor
- forex mentor necessity
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How to making forex business as main source income of course as trader need having good ability to making profit in trading, and also they can making consistent profit, or they can get earning from another source income because in fact forex included as risky and not always as trader they can making profit all the time
- 305 replies
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- life vs forex
- discuss life vs forex
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I think is common thing if demo account often success because usually start with huge capital and also in demo account will free from emotion pressure, while in real account sometime as newbie start with small capital and also will involved emotion in trading which fear greedy, and many kinds emotion often disturb trading plan