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radex78
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Everything posted by radex78
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whether you like positive or negative slippage?
radex78 replied to uncle gober's topic in Forex General Discussion
I think almost trader will like with positive slipage than negative slipage, because will giving benefit and making easiness to making quicker profit, and negative slipage will less benefit, but in trading rarely occur positive slipage and often faced negative slipage -
Do you participate on demo contest?
radex78 replied to Ronnie Irani's topic in Forex General Discussion
Participated on demo contest, this is also as one way to get earning from forex business with free of risk, but as participant should become one winner and get victory in contest, but contest demo usually as trader relying with accuracy analysis and use maximum lot size that allowed and this not good to learn money management -
Forex business still as potential business and many trader joined forex with expectation they can making good money from this business, but as how to become profitable trader also required good experience and also knowledge and always practice because many people said practice will making perfect
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Yes I think as trader also need pay attention with the risk and avoid greedy in trading because usually only leading to get failure, in trading forex that included as high risk high return as trader need always trade with fully discipline and able generated good profit in regular basis
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Importance of stop loss placement in forex trading.
radex78 replied to asiaforexmentor's topic in Forex General Discussion
Maybe not all trader will using stop loss, and as last stop loss is getting margin call, but they ready with all consequence if might occur margin call and might they use strategy that might also powerful and they confidence with their decision, but still many trader use stop loss to manage the risk in trading -
As trader need focus on trading to making profit in forex trading, and choosing broker indeed important for trader because this is will disappointed if joined in scam broker, and how broker making money from spread or commission and but trader also need understand whether broker has regulated or not
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Suicide because facing huge loss is very bad attitude and this is restricted many religion, although we addicted in forex business also need always pay attention that risk also as part in business and investing money in high risk business only spent money that afford to lose, if likely not yet having capital can using demo account
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Yes making profit everyday is impossible, because loss also as part in trading, but although in trading we get loss if eventually on last period of time still get profit hence already as good result, and not all trader indeed will get profit everyday and with keep learning hence as trader they can making better result
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I think will better if any trader they learn from mentor because they will giving guidelines and will getting understanding easiness in learning, but might not all trader they learn from mentor, I have seen many trader also learn standalone with reading from many source using internet, but success opened for everyone
- 361 replies
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- Forexmentor
- forex mentor necessity
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practice to be consistent on the profit obtained
radex78 replied to rizal83's topic in Forex Newbies
Forex trading is risky business which required more practice and learning, for newbie they need to learn step by step and don't rush jump to real account because only will get failure, and practice in demo account, at least six month learning and look the end result whether already profitable or not before jump to real account -
hone your trading with a demo account and a real account
radex78 replied to rizal83's topic in Forex Newbies
Demo account is good for learning purposes and for backtesting strategy forex before start in real account, and at least as newbie advisable for practice in demo account at least six month, because so many trader they can't maintain account more than six month and almost trader fail less than six month -
Why do you think people are scared of investing in forex?
radex78 replied to Levie's topic in Forex Newbies
Yes forex is risky business and as investor they also need understand with the risk that involved in business which as investor they can losing money in forex market, and golden rules investing money in high risk business is only spent money that afford to lose -
Usually about fear also involved in real account, but not in demo account, demo account will free from emotion pressure, and we can use demo account for learning purposes, which in demo account we can test any system trading and also strategy with free of risk, but in real account usually will involved emotion and often if we can't control emotion usually will often fail
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Although difficult but in fact many trader still having intention to learn how to making money with forex business, and forex actually opened for everyone although also will depending skill trading and not everyone that joined in forex then will become success trader and not all people suitable with forex business
- 460 replies
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- Learning forex
- Should i trade in forex
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Actually become trader although any newbie still as kids or already old people, start trading is not limited by age, but all trader as long as they having intention to learn forex hence they will joined in this business, because that required in forex trading also courage and learning, but as newbie they need spent more time to practice
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Because so many trader get fail less than six month, hence will better if newbie at least they practice and using demo account for learning purposes, at least six month and look performance trading during these time experience, if along six month still often fail they need add more time to learning again
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However very advisable for newbie using demo account, for learning purposes, this is one way to manage money in uncertainty market condition with practice using demo account, although only use demo account actually will useful for backtesting system and strategy with free of risk, but yes usually different emotion when we trade use in real account
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Forex News Trading - Truth in a simpler way of trading
radex78 replied to David_Warner's topic in Forex General Discussion
Might different trader they have different way to analyze the market, some successful trader they can making good income only use technical analysis, but some another might they success based on fundamental analysis, but some trader that having investor type they use copy trades or using signal because they realized if not easy making profit in trading -
In forex trading need strong mentality as trader they need having good mental trader because in fact about psychology trading has high role during trades, many trader that often following emotion in trades hence they usually will trade with greediness and this is not safe trading anymore
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Bonus that offered from broker also might can become real cash money if any trader they already having good skill and also can fulfilled all requirement to eligible withdraw money from profit bonus, usually there are certain task that must finished if any trader want to making money with bonus no deposit
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When Did you start your First Trade?
radex78 replied to kiranchandra's topic in Forex General Discussion
Yes always in daily trading we need to always learning and improve skill trading with high discipline in trading, and start trading in real account as newbie will better if they already passed on demo account with good confidence and already have profitable strategy and system trading -
Almost broker offer demo account for learning purposes especially newbie they must learn using demo account, which might as newbie they still blind how to use mt4 platform and indicator forex, with demo account they can practice and learn how to use indicator and use many feature that available in mt4 platform
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Do you participate on demo contest?
radex78 replied to Ronnie Irani's topic in Forex General Discussion
If any trader they have time and spent time take part in demo contest, actually this is also as one good way to compete with among trader that joined in contest, but usually take part in demo contest as trader will less pay attention with risk management and having tendencies to become greedy and use bigger lot size -
Might some trader they enoforced to trade although they in sick, if we might still have problem healthy will better we take a rest and not enforced to open platform and trading, if get failure might can making sick more hard again because forex trading also need fresh minds and also good healthy