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radex78
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Everything posted by radex78
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Yes indeed, result on backtest using demo account might different with forward test on real account, because as we know trend market always move very dynamic and not in same pattern daily, but with backtest in demo account at least as user also will understand how much lot size that used or robot work based on risk management or not
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Very much important to control emotion in trading, although forex like as psychological game, but as trader they must trade based on good emotion like as having good patience and always confidence with their analysis, if any trader always trade based on emotion hence will often faced with failure might forex is not suitable for trader that can't control their emotion
- 460 replies
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- Learning forex
- Should i trade in forex
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I have seen so many trader although they using ea, but still need manual monitoring, it can possible if ea can't work properly and might will endanger account hence as trader they can making manual cut loss, because not always as robot also work well following trend market, but will good if ea also using risk management
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Keep in trading with calm minds, control emotion is very much important during trading, because often if we trade based only with emotion hence result that will obtained only get failure and usually will leading trader making bad decision like as revenge and reckless using margin because desired to recover loss at short time
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hone your trading with a demo account and a real account
radex78 replied to rizal83's topic in Forex Newbies
Practice in demo account will very useful because as trader they can free to learn one system and strategy before used later in real account, but might will better if we start in demo account with using initial deposit equivalent with money that will used in real account -
Many trader suggested for newbie to use demo account, this is free place to learn and practice in real market condition using virtual money and will better if trading in demo account seriously with using risk management and money management and not only for fun and forget to learning, actually in demo account we can test system trading for certain period of time and making summary result as review system trading
- 305 replies
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- life vs forex
- discuss life vs forex
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What the type of Deposit / Withdrawal that you like?
radex78 replied to uncle gober's topic in Forex General Discussion
I am not use netteler to making deposit and withdraw money from account trading, usually different broker also might having different kinds payment processor that used, in forexmart I am using payco to withdraw money and then using exchanger service to convert currency -
Yes as we can possible to avoid greedy in trading, because almost our experience when we trade with greediness without risk management anymore hence usually will faced with failure, and to maintain account longer life and we can learn more in real account hence we need strictly to keep discipline with risk management plan
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Yes because we still treat forex as our business hence in daily trading activity we always monitoring the chart and we always update analysis although might only treat forex as part time business only, but maybe already many trader out there already treat forex as full time business and they enjoy with their business
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I am sorry with you experience, and choose broker also we need carefully as trader especially if already start use huge capital and will faced with disappointed if we get scam broker, after hardwork making profit but when withdraw money get problem with our account, but as investor also need always obey golden rules investing money in forex better spent money that afford to lose
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hone your trading with a demo account and a real account
radex78 replied to rizal83's topic in Forex Newbies
Yes as newbie they actually need to trained skill through demo account, and better they prepared skill with seriously in demo account which serious here as trader will learn with use system trading rules and also keep discipline with risk management and money management in demo account -
Many ea in forex world and we can find in forum forex community but many ea also as trader need choose ea that work with good money management, because many ea eventually fail, due in software not use risk management like as ea martingale which this is included risky strategy
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Many trader said if forex is not easy way to get rich at short time, this is required long time process and learning always in daily trading activity, and how to making money with forex some trader might they prefer use ea to replace their hand in trading activity but also this need long time backtesting
- 305 replies
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- life vs forex
- discuss life vs forex
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Maybe any trader in daily trading they will always monitoring the chart that reflected real market condition, and as trader if they having good opportunity to start making trades hence they will trying to making trades to catch profit, but as trader might they not addicted but treat forex as business and they will making profit in business
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Get the best forex cashback and rebates
radex78 replied to David_Warner's topic in Forex General Discussion
Indeed choose broker also important, because as trader they will disappointed if faced with scamm broker, and however forex is risky business and golden rules investing money in forex business is just spent money that afford to lose, so if as trader already choose broker that inlcuded as reputable broker, but still faced scamm broker still on early preparation and not disturbed overall financial -
So many broker in forex world, and as trader they might choose broker because there are certain reason, might many beginner or poor trader interested with broker that offer bonus no deposit, and I have seen some broker offer bonus no deposit although there are certain rules regarding with bonus to eligible withdraw profit
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Maybe will become good opportunity take part in demo contest, might as trader they can tesing strategy on contest for backtesting purposes, and if they get victory on demo contest with testing one strategy hence might also will making confident to use strategy in real account but of course need adjusted lot size according amount capital
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Indeed I have seen already some my friend on social media they treat forex as main business as source income, but will better indeed if we also having another source income for daily purposes and not relying only from forex trading, this is included speculative investment and not always as trader will get profit in trading
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Yes many trader said if forex business included as high risk high return, which in trading will possible as trader they get big profit or they facing with loss in trading, but of course as trader they have good expectancy in forex and always having good mindset about forex trading, they will learn how to minimize the risk
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Some trader that prefer using ea, usually they also will tested ea on demo account for backtesting and learn how these ea work, might also need time to learning performance ea, because some ea created for huge money and might not use risk management inside, as trader also need chosen one ea that profitable but also using right risk management
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Forex for yesterday, now and later will always as risky business, but now forex already growth and different if compared with long years ago when only as hedge funds they can trading forex but now already many retail broker giving opportunity to making money with forex
- 305 replies
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- life vs forex
- discuss life vs forex
- (and 1 more)
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Still so many opportunity in forex business actually, and as trader can enjoy with learning if also they having good mindset about forex, this is not easy way to get rich at short time, some success trader they also passed many obstacle and difficulties, because forex trading need good skill and good learning
- 460 replies
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- Learning forex
- Should i trade in forex
- (and 4 more)
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Yes I have seen still so many trader treat forex as part time business only and we can learn forex while we still handle another job might in offline job with salary or another business, but indeed in forex business some trader already treat as full time business as main source income, all depending with our option to decided