Exchange Blog Cryptocurrency Blog
radex78
Member-
Posts
2,637 -
Joined
-
Last visited
-
Days Won
2
Everything posted by radex78
-
Forex opened for everyone because this business is general business which all people can trying and joined in forex business, but forex trading as risky business which might not all people might suitable with forex business, only for people that having courage they will learn forex and treat forex as challenge business.
- 460 replies
-
- Learning forex
- Should i trade in forex
- (and 4 more)
-
Importance of stop loss placement in forex trading.
radex78 replied to asiaforexmentor's topic in Forex General Discussion
This is easy way to manage strategy and also manage the risk in trading, some trader they using risk reward ratio which some of them use 1:1 or higher which it's mean if trader use 20 pips stop loss hence target profit also 20 pips too so if one time get loss and one time get profit hence still in zero profit and loss while they can learn from their mistake to making good accurate analysis -
When Did you start your First Trade?
radex78 replied to kiranchandra's topic in Forex General Discussion
Forum forex community also as one place to learn and share experience also knowledge to fellow trader,sometime any trader might they facing with loss in trading and down mentality, with learn again from forum also many trader here share and have spirit to learn hence it will also motivated trader to get more spirit to learn again -
Although forex as risky business but in fact still very promising business as source of income, many trader still learn how to making money with forex business, in trading always as trader will trying hard to improve skill trading and they will learn to become successful trader
-
Do you participate on demo contest?
radex78 replied to Ronnie Irani's topic in Forex General Discussion
In demo contest and general demo account using same virtual money, that distinguish is in demo contest as broker promising prize for winner contest, which sometime also in big number prize, and because this reason all participant usuallly want to become winner to get prize, and they will trade with use maximum lot size that allowed to get huge profit, because usually winner will counted from trader that making bigger profit on last contest period -
Why do you think people are scared of investing in forex?
radex78 replied to Levie's topic in Forex Newbies
Might forex online trading right now different with forex before using internet,might only big trader that take benefit from difference price between one currency to another currency, I am ever hear if old trader before trading use metatrader and they tarder currency getting bigger winning trades than loss trades but different with now many trader get fail in trading -
Making profit in trading is not easy and also required patience also good skill with strong psychology, patience in forex business also can making any trader they can survive and also treat forex business with good mindset, forex is not easy way to get rich just overnight, practice and keep learning because as trader will look on the best timing enter in the market
-
hone your trading with a demo account and a real account
radex78 replied to rizal83's topic in Forex Newbies
In forex trading about psychology trading is very important for trader, because many trader also get failure because weak in psychology trading, although any trader they having good analysis but if weak in psychology also can messed up plan trading because might they become over confident and too much fear also panic if faced with certain worst condition -
Yes maybe many trader addicted in forex because already get earning from this business, but might not all people also having interested in forex because each human also having difference hobby or interest to something business, if already any trader addicted and like as can't live without forex might forex already on their blood
-
Yes indeed if easy get success in forex hence maybe already so many trader become rich now through forex business, but in fact, so many trader get failure in trading, and maybe some of them already leaving forex, while broker as company also they giving service also not free, as company also need cost operation, hence they also will take benefit from business and maybe one source broker making profit is from spread
-
Do you participate on demo contest?
radex78 replied to Ronnie Irani's topic in Forex General Discussion
If any trader willing to spent time using demo contest this is also as one way to making money from free source, although they need get victory and able become one winner, but rarely trader newbie they can become winner in contest, usually winner contest already expert and having good experience also -
Yes all trader agree if greedy actually not good for trader and maintain account with greedy in trading usually will often fail, and as trader better if always trading with money management and risk management, if any trader can discipline with risk management hence as trader will can survive for long run in forex and might we often hear only small percent trader can making money in forex
-
No doubt forex is risky business and because forex also included as speculative investment which as trader they need learn and work with the trend market, but although forex as risky business but in fact still many trader they learn and want to making money through forex business and some trader might already get success here
-
Don't trade with fire, it's mean as trader need always keep in calm minds to analyze the market and also keep trading with using strong psychology, as trader need control their emotion and always trading with high discipline to implemented all rules trading and also system trading, don't trade with greediness
-
why many people see forex trade as gambling?
radex78 replied to rockstar's topic in Forex General Discussion
Success in forex is not easy and required good learning and also high dedication actually, because forex also included as risky business which required good money management and also good understanding with the market behaviour which as trader need always keep to learn and update on daily trading -
Actually forex trading is included as speculative investment, but as trader need start trading with using knowledge which here as trader learn about technical analysis and fundamental analysis approach to identity the trend market because as trader they work with the trend market, and gambling usually will like as throw coin and this way is not trade
-
hone your trading with a demo account and a real account
radex78 replied to rizal83's topic in Forex Newbies
Usually in real account as trader will felt dept emotion pressure and fear too much, but in demo account because only use virtual money and they know although able making good profit these money unwithdrawable and making trading no emotion pressure, except using demo with certain goal like as backtesting new strategy and system trading -
Can no deposit free money help you achieve success on forex ?
radex78 replied to kaito kid's topic in Forex Newbies
Usually will different if treat money from bonus and using own money which usually account bonus will less emotion pressure while in account that using own money might feeling scared will more touched in heart and making messed up plan trading, but experience will making better psychology in trading usually -
practice to be consistent on the profit obtained
radex78 replied to rizal83's topic in Forex Newbies
Might not all trader they willingly to spent time in demo account beause no emotion pressure, and they prefer use real account that will already involved emotion in trading because already on real battle, and will good also if we learn use real account and choose micro account to start learning if loss not too much money and if able increasing money will good and making confidence -
Seems so many trader learn forex only reading from internet, might we also learn basic education forex from babypips dot com, and while they use demo account, but they don't have mentor behind them, and learning directly from the market and if facing difficulties hence they also will trying to learn strategy trading from fellow trader on forum
- 361 replies
-
- Forexmentor
- forex mentor necessity
- (and 4 more)
-
Forex business is like as art business that required courage, and good mentality, in trading although risky as trader will learn how to analyze trend market, and also using strategy to catch opportunity that available in the market, we still can manage the risk and if we like and love with trading hence we willingly to spent time learning and also money to start trading
-
why many people see forex trade as gambling?
radex78 replied to rockstar's topic in Forex General Discussion
However forex trading is included as speculative investment, but this is not gambling business, still required expperience and also knowledge to reading the market, might as trader using indicator as help tool, and also learning about sentiment market or learn fundamental analysis, and different with gambling that only relying with lucky -
Importance of stop loss placement in forex trading.
radex78 replied to asiaforexmentor's topic in Forex General Discussion
Stop loss is one way to manage the risk in trading and included on risk management plan, and how to put stop loss might each trader will having different setup each other, some trader might using support and resistance area and some another using average movement daily or use risk reward ratio to set target and stop loss -
I think as trader they will interested in forex because this business also promising unlimited source of income, although as high risk but in fact forex like as challenge business that required high courage to joined and also need strong mentality to survive, because already many trader also leaving forex because already facing with failure and loss huge money in forex, but for trader that already having good skill hence forex will like as great source of income