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radex78
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Everything posted by radex78
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Do not ever take a big risk if we are not able to do so
radex78 replied to rizal83's topic in Forex Newbies
Yes as trader also need to pay attention wth the risk in their trades, measure limit of risk in every single plan is important because here is about how to manage money in uncertainty market condition,. and risk management is very essential to prevent from big loss in single trades, in addition if faced with margin call account it will making regret -
Using leverage in forex trading might as trader also need understand with their capital, if still often tempted by market movement and leading them to greedy hence low leverage is safe than high leverage because low leverage will prevent from greedy in trading
- 247 replies
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- leverage in forex trading
- Is lower leverage good
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Although forex busines op[ened for everyone but in fact not all trader will success here, and success in trading is not only overnight, but required long years experience, forex is risky business and required high dedication to survive in business, and will hard for lazy trader might one failure will making them leaving forex
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I think risk in trading will always involved in trading, as trader they only learn how to minimize the risk with money management and risk management and also learn how to making good analysis in the market, with learn from previous mistake to makkng betterment trading skill
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Long term trading for newbie will be more profitable
radex78 replied to euro's topic in Forex Newbies
As trader actually they having own choice to using short term trading or long term trading plan, if likely they having interested to use scalping trader hence they can learn how to trade with scalping, but indeed trade scalping required more concentration and also good connection internet and quality server broker and also of course broker must allow scalping -
Although the market open everyday , but as trader shouldn't trade everyday, if likely they don't getting good signal to making entry point hence they need waitrng best timing that the market might giving easiness to making profit, because if making less quality trades hence might only will causing loss
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On gold usually has big spread, but certain broker offer spread 60 pips and another broker offer 100 pips, indeed on gold average movement very large pips occured but also this commodity is risky because very volatile and need more margin requirement to open trades might we can use cent account to safe trading for gold
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Every trader know if forex is risky business, but although forex is risky still many trader trying to making money with forex because in fact this busines still very promising, as trader they can making good money if they having good skill, like as on brexit time previous week, certain trader he able making very huge profit only in few minute
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Right we neeed keep with discipline during trading although we trade with bonus, and will possible start from bnus then will become real cash money, and will very interested if rules regarding with bonus is easy, because some broker offer bonus but to eligible withdraw profit bonus need making deposit and trade on certain lot size
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Importance of stop loss placement in forex trading.
radex78 replied to asiaforexmentor's topic in Forex General Discussion
Still many trader using stop loss and money management to maintain account, but as trader also will learn how to analyze the market with learn from their experience, if any trader want to makig profit and they already having good understanding with the market and also havibg strong mental hence might will get easiness to making profit -
Actually all trader they want to makihg money through forex if they become trader or investor, and to making money with forex required good skill and also if they as investor hence they need seeking good manager account so they can get profit sharing from their investment
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Certain trader they have opinion if demo account only waste of time, because they thinking although making good profit hence unwithdrawable and only vain trading in demo account, but for trader that want to backtesting system and ea, demo account really useful for them.
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Can you really trade without emotions..?.YES
radex78 replied to showrov1993's topic in Forex General Discussion
As human natire and not as robot, we have emotion and might we can't avoid our emotion, but we still can control our emotion and forex also will teach us how to become patient in trading although faced bad trades and might successive loses, if we have good psychology trading hence we will able to control our emotion -
I am still like with forex business, although there are some way to making money online, like as become blogger, take part in affiliate marketing etc, but forex still become my favourite online business as source of income, if we have knowledge and experience and know opportunity that available in forex business hence this still become reliable business
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Yes if we spent time to practice in demo hence will good if we ca trade seriously to learn system trading, and then look our skill, if during demo account we can manage account with good result, it will making more confident in real account with implemened strategy that already tested on demo account
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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 having good skill and take part in demo contest, hence will possible to become one winner in contest, but usualy in demo contest as trader will trade with maximum effort and use maximum lot size that allowed, might demo contest is not good to learn about money management and risk management -
Forex trader that already having long years experience might not from them will already become success trader, because trading forex is risky and not always able maknig profit in every single trades, forex in my view is about education investment and we should beware with the risk appetite in trading and only spent money that afford to lose
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Still forex is interested business as part time because market open 24 hour 5 day a week and we can spent in forex on spare time, but maybe will different if trader already treat as full time hence they can monitorng the market and look best time to making entries with goal to makig profit
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Can you really trade without emotions..?.YES
radex78 replied to showrov1993's topic in Forex General Discussion
Maybe we cn trade without high pressure if we always trading with low risk, but sometime most difficulties in trading is about how to control greedy, might as trader they still reckless in trading and often greedy with trade use high risk taker and this is not good idea because greedy will harmful account -
Many broker now in forex business, and will good if trader also they choose broker that already as regulated broker and having good vote among trader, and they also need to understand with service these broker, if like scalping they need broker that allow scalping and also fast instannt execution or if use robot smoothly speed conection is important beause ea will work if connection always connected
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What are the tools of successful trader???
radex78 replied to showrov1993's topic in Forex General Discussion
I think experience will bring us to become more discipline in trading, and might will already familiar with loss and not again trade blindly, will very different since as beginner which still often making mistake because fear and sometime greedy, geting easy profit it's sometime leading to become over confident and this is not good in trading -
Many stratefgy in forex trading and as trader actually they can learn from many source to trying strategy and system trading, if they like with scalping and develop skill in this strategy it will good if they seriously, but if like with long term trading it making comfortabnle for them if they like with these strategy
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Can no deposit free money help you achieve success on forex ?
radex78 replied to kaito kid's topic in Forex Newbies
I am ever readuing any trader they can generated huge profit start from small bonus no deposit,. so I think still possible to making money from bonus no deposit but indeed required good skill in trading and every trades they made always getting profit it will making money start from bonus, but also depending with rules broker regarding with bonus -
Yes as trader they can control the risk, and depending with their decision, if they want to making huge profit at short time might they will use high risk, and if want to longer life in tdaing they can use low risk in trading, as trader they can control their account but they can't control the market especially only have small capital
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Still I am interested in forex but still trying to control to spent money in my investment, forex still remain as risky business for me, and sometime loss still can occured, but in daily activity always I am will open the chart at least to look update market on pair, I like with forex but this is not addiction