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radex78
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Everything posted by radex78
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Yes news also as indicator that based on fundamental analysis, although might different with technical analysis but so many trader still they need pay attention with news especially high impact which can making pair move spike and strongly, but indeed not always news will giving instant impact to currency
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Amount capital indeed having roles in trading, might will different between retail trader compared with profesional trader, usually retail trader only start with small capital and result that will obtained also need to adjusted with their capital and don't hope will get big profit first, might different for profesional trader that already use huge capital I think their result although on small percentage but will big if look on money
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Usually newbie start with small capital in their trades, and use low leverage is not suitable for small capital, and use high leverage will giving more chances to open trades as long as trader they can manage their funds with wisely, don't let use high leverage then greedy, but will safe if always use lowest lot size first to prepare is the risk before imagine easy profit
- 247 replies
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- leverage in forex trading
- Is lower leverage good
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Currently so many broker also trying to attract new client to get learning from webinar, and another way to learn like as watching video etc, forex not only on university and already opened for every people that having interested to learning, because internet really help much to get many information included forex business
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Many trader still use take profit because this is good feature in trading forex, but indeed not all trader use target profit which some of them use cut profit manually, and usually ea also work with use target profit, which this is good for learning target profit on reasonable target not only making take profit on large pips but not achieved
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I Think Forex is Just Gambling , Do you?
radex78 replied to kiranchandra's topic in Forex General Discussion
We can't trading with gambling way, in forex business required good knowledge and also experience to analyze the market, many trader learn about technical analysis using indicator and also fiundamental analysis because they want to tradng forex as business and as trader having goal to making profit in trading, but indeed trend market sometime unpredictable and as trader also need risk management in trading -
don't mix between emotions and forex trading
radex78 replied to rockstar's topic in Forex General Discussion
As human nature, usually emotion will involved in trading, in my opinion here emotion split on two sorts emotion, bad emotion and good emotion, bad emotion like as over confident, greedy, too much fear, angry etc, while good emotion like as patience, discipline, always remain cool in trading, and as trader will good if they can maximize good emotion -
Plus500 bonus code 2016: Get Bonus Up to 7000€
radex78 replied to David_Warner's topic in Forex General Discussion
Seems I am ever hear about plus500 which offer bonus but I don't know for sure if certain country not included on bonus promotion, maybe for trader they can trying use bonus from this broker, but if they also want to trying bonus from different broker forexmart also offer bonus no deposit for their new client with 300$ -
Maybe one weakness learning in contest demo is usually trader use big lot size as maximum lot size according rules contest, it will not good to learn how to safe trade, and in demo as trader relying with analysis, still good to learning how to analyze the market but less useful to learn money management
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Why do we prefer the forex for the stock market
radex78 replied to rockstar's topic in Forex General Discussion
Yes one advantage forex now is we can start with low capital, might different with conventional business like as buy and sell any goods, might they need to hire room as store, and also need more capital in huge number, while forex we can start even use 1$ already have opportunity start forex business, if we have good skill hence possible making good money -
Indeed if we reading success story certain trader which he can making small money only fee hundred dollat then grow to more than thousand dollar, it's very interested and we also might can making good profit if we can learn well like as them, maybe we also can learn step by step how they manage trading career until get success
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William Gann: An Accurate Market Forecaster
radex78 replied to analyst75's topic in Forex General Discussion
Very inspiring, I am already often hear about wd gann, and I am ever reading about gann grid analysis but still don't too much understand basic analysis based on gan grid, this is like as the art to analyze using gan grid, but without good undertsanding also will difficult, he made own success story but I think we also can success if we can learn well -
I don't like too much aggressive in trading, open multiple order like as scalping with small target might easy to achieved logically, but actually we never know when the trend will begin, sometime suddenly to breakout and open multiple order also will increasing the risk
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Yes small capital need choose high leverage to boosting opportunity, if start with huge capital indeed will safe use low leverage because can prevent from greediness in trading, which to open 1 lot size will required more margin requirement if use low leverage and if get margin call account usually still left money in account while high leverage might possible if MC only left small money
- 247 replies
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- leverage in forex trading
- Is lower leverage good
- (and 3 more)
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I think we need struggle in forex business, making profit is not easy, because forex market move very dynamic and sometime unpredictable, as trader still need to manage money with risk management and adjusted money management according capital on their account, dont't being greedy although having big capital
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If running robot on broker that has bad server might will not making robot work according seting, I think robot also possible to faced with requote order which might because server broker often delay if we want ask at certain price but occured slipage of price and causing requote, sometime server in demo and real is different
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This is one benefit in forum, sometime we get valuable information related with our business, maybe for trader binary option they can look broker according their needed, but I am still not yet interested in binary option and still active in forex, but to diversify capital might trader can try on forex and binary
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Eventually will depending with each trader decision, maybe scalping trader they will trade everyday as long as they get kinds good market condition with catch target only few pips each order, there are certain trader that included as very aggressive trader he can making more than one hundred times order a day trading, might rarely trader can do it
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Technical or Fundamental that you like more?
radex78 replied to andry777's topic in Forex General Discussion
Fundamental analysis usually based on news as their indicator, which news especially high impact often causing price move on spike movement, while technical indicator usually based on indicator to analyze the market with use certain rules to making entry point, what the best one it will depending with each trader experience, because many tehnical trader usually will stay away from the market if will released news high impact -
Why do we prefer the forex for the stock market
radex78 replied to rockstar's topic in Forex General Discussion
Yes, one reason many trader choose forex I think because leverage, and as trader can start with small capital which currently some broker offer lowest minimum deposit even use 1$ already have opportunity to start trading, and also some broker offer bonus no deposit, although usually has certain rules but this still attract many trader to try out -
I Think Forex is Just Gambling , Do you?
radex78 replied to kiranchandra's topic in Forex General Discussion
In my view forex trading is about how to learning to manage money in uncertainty market condition, which this is need knowledge, experience, smart work and also strong psychology in trading, because still possible to get success in forex for long time, while gambling usually will only depending with lucky, when lucky is gone hence result will fail too -
Yes logically if pair major which many trader choose to traded will has good average movement due volume demand and supply will arise, and if any pair move slowly, it's mean on the market not occured big volume trasnaction because up and down currency will depending also with demand and supply in the market, but there are cross pair also often occur good average movement but spread is higher like as on gbpjpy
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Take profit still useful for trader in their plan management and this feature also can used to learning how to determine target on reasonable target according analysis, might also need trial and error and learning trend market behaviour to determine target profit, although some trader might not use target profit but they will cut profit manually
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I think still many trader use news as fundamental indicator and many trader still waiting especially on news high impact like as non farm payrol, fomc etc, but sometime news out from economy calendar as rumour also sometime giving impact to currency, like as natural disaster or political event which also can giving impact, like as about brexit this not listed on news calendar economy but impact to the market very high
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I am only learn standalone so far and not yet learning from mentor, but sometime also listening mentor on video youtube, so many trader already share video tutorial through youtube and all people can watching video, but if learn private mentor so far I am never try it beside need cost also still treat forex as part time business only
- 361 replies
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- Forexmentor
- forex mentor necessity
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