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radex78
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Everything posted by radex78
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Yes indeed forex is risky business and always as risky in addition without learning, many trader get fail here in forex business because obviously forex trading is not easy, but however forex remain as interested business for many trader in the world, some of them felt comfortable treat as part time and there are some trader already treat as full time business
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Experience is the best teacher for us, with practice and learning is very important to get more valuable lesson, maybe any trader if they lack in experience hence they will get difficulties to making profit, but having more experience also not guarantee will get better profit if trader they can't learn well
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If forex trading without leverage, maybe rarely retail trader can take part in forex business, and now one advantage forex is many broker offer high leverage until 1:1000 or higher leverage, but choose leverage also need to understand because use high leverage also like as use double edge of swords, we need carefully and wisely using free margin
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Backtesting new robot before used on real account is very important because as trader will can look summary result on certain period of time, if likely robot giving good performance and making good profit, hence will making confident to use on real account, but as newbie I think will mre advisable to learn manual trading than relying with robot
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I don't prefer anymore on hyip programme, all hyip sooner or later will turn to scam, in my view forex is better than hyip, if we having good skill to analyze trend market and also having good experience hence will possible making high profit from our investment, but invest in hyip many member only waste money because all hyip also having goal to making profit
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Broker dealing desk will hod transaction by trader on their company still, if trader making buy hence broker will sell and likewise, and usually dealing desk broker want to making trader get loss, might if any trader want to closed order but often faced requote this also one indicate if broker included as dealing desk, but however forex is risky, as long as broker still paid all withdrawn I think trader still comfortable
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When should you invest in gold and how to do it?
radex78 replied to David_Warner's topic in Forex General Discussion
I think need huge capital start on gold, many broker already provided gold for trader but usually has larger spread fee if compared with ordinary pair, average movement for gold is included on large movement and if small capital might only will fail because gold very volatile -
Many broker provided demo contest and this also as one opportunity for trader take part in contest and making money with prize if they become winner, forexmart also provided demo contest with good prize but I am alone rarely take part in contest and still trade on real account with small capital
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As trader they hav e own choce here, if want to trade 5 day a week this is one opportunity forex market open 5 day a week, scalping trader they can open trade daily and trade with low target profit daily, but swing trader they will trade might only few day and often let order opened for few day trading
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I Think Forex is Just Gambling , Do you?
radex78 replied to kiranchandra's topic in Forex General Discussion
I think trader that treat forex like as gambling hence they will never long run and will get failure at first time trades or second trades, forex is real business but required good skill trading and need patience to waiting best timing enter in the market and forex is not get rich quick scheme, but this is educattion investment -
Forex now is one of the Online Business
radex78 replied to luke1's topic in Forex General Discussion
Yes forex is one online business, which so many trader joined in forex because they want to making money with forex business which still very promising business as one source of income, with good skill trading and carefully to open trades still possible making money with forex business. -
How to start investing (my advice)
radex78 replied to David_Warner's topic in Forex General Discussion
Investing money in forex account as trader already have preparation if they investing money in risky business, the golden rules investment in high risk business like as forex is just spent money that afford to lose, and now one opportunity some broker offer low minimum deposit although start with 1$ already have opportunity start in real account -
RSI indicator... do you think it is the best ?
radex78 replied to omar-profits's topic in Forex General Discussion
Some trader using ris to look on overbought oversold area, this indicator still useful and used many trader as help tool, and will good if they can getting more experience using these indicator, but this is only help tool if sometime giving false signal so don't blaming indicator -
Change your Life with Forex Trading
radex78 replied to David_Warner's topic in Forex General Discussion
Better enjoy in forex business, don't expect will get rich at short time from trading, maybe any trader they can made more than 300% profit, but then most important is how to keep skill to maintain these profit because often occured after making huge profit then eventually get loss again and might margin call account -
About money is become one reason why many trader they take part in forex because this is one great business as source income if any trader already having sufficient skill trading, as good trader they can making from 100$ become more than 500$ if already having skill, this is still very promising business as lone source of income for trader
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Many broker offer demo contest with prize,it's included one way as company trying to attract many trader joined in contest and with prize that offered this is one reason why so many trader take part in contest and hope will become winner, I see forexmart also privided demo contest but I am still focus on my account and not take part in contest
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I think all business actually need hardwork to done, but forex beside hardwork also need smart work here because to manage money in uncertainty market condition if trader having tendencies to become reckless trader hence will hard to increasing profit in trading, learning is compulsory task for all trader and learning will never end as long as we want to get success
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Did your broker change margin requirements before Brexit?
radex78 replied to boltushkin's topic in Forex General Discussion
Yes most broker change margin requirement before brexit, but now already get announcement if broker already back to normal condition after brexit, and brexit impact very high to currency gbp and euro and some another commodity like as gold and silver. -
Yes demo account is most suggested among trader for beginner, this is very important to keep practice in real market conditioin using virtual money, and will better during practice in demo account with seriously in learning, forex is risky business without good preparation already so many trader get fail in forex trading
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Do you learn trading by yourself or from a mentor?
radex78 replied to Levie's topic in Forex General Discussion
Yes it will help much if we having mentor that will teach us how to trade in forex business, but still so many trader they only learn standalone with reading from article forex and also practice with their own selves, I think experience is the best teacher for us because will teach us from our mistake and also the market directly, theory is needed but practice more important -
MetaTrader 4 vs MetaTrader 5, which one you choose?
radex78 replied to myregister's topic in Forex General Discussion
Maybe we also ever hear about ninjatrader but seems this platform rarely used from broker, I am also only ever hear about this platform but so far still never use it, as long as in my broker still use mt4 and this is will become my choice as trading platform, I think this platform included as complete platform already -
I see so many trader they learn standalone from internet with reading article forex from certain source, but might some trader they interested with forex because they having friend and get guidelines from their friend, while to learn how to trade actually we can learn from fellow trader on forum forex community, it very good if you have mentor and these mentor is alredy having good experience and profotable
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Keep our money wisely, if likely we don't having capital might after one failure leading account get margin call hence don't rush to replenish account because desired to recover loss at short time, it's like as desired to revenge and this not good idea, although maybe we felt addicted but also need pay attention with the risk that involved
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I think our experience will bring us to keep emotion on proper way, maybe this is human nature but if we always trade based on emotion hence we will can't tradng with better result because emotion like as greedy, over trading, over confident, angry etc is need to controlled during trading and will better trade based on plan trading with consider with risk management and money management
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I am ever hear any competition between robot and human on certain broker and that become winner is robot, but whether it will guarantee success all the time if we use robot, maybe if robot created by expert trader which they having profitable system for long run hence trading will robot will giving benefit and can become good result for long run