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radex78
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Everything posted by radex78
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Importance of stop loss placement in forex trading.
radex78 replied to asiaforexmentor's topic in Forex General Discussion
Tradingt without stop loss will posisble to get margin call account if trader against the trend market, although as trader already having experience to analyze the market but in fact making perfect analysis is not always they can, and put stop loss is to manage the risk in trading, this is important -
In fact forex business is included as risky business, here required good knowledge and experience and skill to manage money in account trading, need hardwork and smart work to become better trader, and as trader they must have plan business to treat forex as real business
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If any trader they alredy havig intenstion to treat forex as full time business, hence will good if they also understand with consequence in forex which as investor still possible to losing money in trading, good result for now is not guarantee profit for tomorrow, and will good if trader already understand ins and out of forex business
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Importance of stop loss placement in forex trading.
radex78 replied to asiaforexmentor's topic in Forex General Discussion
Yes stop loss really helpful to manage the risk in trading, because not always we can predict movement with accurate, sometime we faced with mistake in analysis, and stop loss will really helpful to manage the risk in trading, many expert trader also using money management and risk management in trading I think -
I don't like trading with use robot or automatic trading, although in my hardisk there are certain robot that I am get with free source from forum forex, but so far still often trade with only use manual trading analysis and never relying with robot, I think not all robot will work profitable many of robot also causing margin call
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P:ractice in demo account is best place to learn in real market but with free of risk, any trader they can use demo account and learn seriously at least six month in my opinion because so many trader can't maintain account more than six month and get margin call less than six moth, but will good in demo start also with small capital equivalent that will inversted later in real account
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I think we can use amount deposit equivalent with money that will invested later in real account, if we will invest money 100$ hence in demo account we can use 100$ and learn to manage these amount money, if we can making profit and confident with our performacne trading hence we can start in real account
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Actually not easy to making profit from forex, but forex is simple business, what we need to start in forex is we learn knowledge forex and then instal platform trading and choose broker, we can making transaction through platform to buy and sell on certain pair, this is simple to do, but most difficulties is how to making profit consistenttly from our trades
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Profitable or nt it will depending with our skill in trading, bonus is hepful whether it's bonus deposit or no deposit bonus, which usually bonus no deposit has certaun rules to eligible withdraw profit and bonus deposit it will making strong power margin and we can use these margin to withstand price movement in trades
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I am still not yet use copy trades in my daily tradng, and still often use manual trading analysis based o own experience, maybe if we can choose best tarder that always able giving accurate signal hence it will help much to making profit , but if often fail also will causing loss
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Demo account using virtual money, but this is very important for early preparation, so many trader beginner get fail becuse also one reason thet not prepared seriously in demo account, many trader might can't maintain account more than six month and practice in demo at least six month will bettar to know how performace during practice on tehse period of time
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I have friend on scial media which he share already treat forex as main business as source of income, so actually any trader they can treat forex as full time business, and they might can making growth this business not only through trading alone, might they can become partner broker as IB or they can trying become signal provider creating robot forex, etc
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Profitable or not will depending with your own sklill, but get bonus, deposit bonus and no deposit bonus this is one good thing and help trader to use bonus as credit capital, although usually bonus uinwithdrawble and only profit maybe that withdrawn, depending with each broker rules regarding with bonus, but this still attract many trader to trying platform
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Veriy good if any trader beginner they willingly to spent time practicing in demo account not only a day or a week, because on these period of time not yet enough to understand many kinds market condition, practicing on few years will better than rush investing their money, if in demo still often fail hence will not differ much in real account,
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If we can making profit consistently hence will get financial freedom I think, in my opinion investing money in forex is we put funds on risky business and still possible get losing money, but in this business, if any trader always having good accuraccy analysis, hence making profit with low drawdown will increasing from their initiial investment and it will giving satisfaction
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whether our money safe in a broker?
radex78 replied to uncle gober's topic in Forex General Discussion
I think money that still in broker as our investment, this still on risky, because in daily trading still possible we losing money in trading and it will back again if we able making profit again, and if we can increasing money and not yet withdraw money, still possible get loss again, so investment in forex is on risky, and choose reguilated broker is better if we later want to withdraw money -
Why do we prefer the forex for the stock market
radex78 replied to rockstar's topic in Forex General Discussion
My experience still in forex and never trade on stocks, and I am also ever reading advantage forex than stocks is the market forex open 24 hour while stocks market open only on working hours, forex more liquid if compared with stocks market, and already many instrument trading in forex we can trade one or two instrument trading to making profit -
How to Start Profitable Forex Trading
radex78 replied to ellliottt's topic in Forex General Discussion
Maybe all goal among trader in forex is they want to making money in stable income for future, but to become profitable trader is not easy actually due trend market sometime move very dynamic and unpredictable, here still need as trader they work with money managemen tand risk management, -
I thik will good if any newbie they willing to spent practice in demo account at least six month, because many trader can't maintain account more than six month ad if in demo still facing loss hence it's mean not yet ready start in real account, but success in demo indeed good as preparation but it's not guarantee ill getting profit in real account
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Loss in trading is general thing that sometime inevitable,as trader I think in their trading career already faced loss in trading no matter now already expert, becaiuse in every business has own risk, which in forex loss included in high risk especially if trader can't control their emotion, But however fgorex srtill promising, many reason trader come in forex because they want making money from home
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Brokler that offer low spread will more preferable among trader that like with scalping trading strategies because they will catch profit only few pips sometime only 5 or ten pips already closed and use broker that offer low spread will giving benefit for them because only need movemet few pips to reached profit floating
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What the type of Deposit / Withdrawal that you like?
radex78 replied to uncle gober's topic in Forex General Discussion
Oh, my country is indonesian and I think ot included in the list that you mentioned, but what reason what these country don't allow use skrill might there are certain reason, I am still use skrill now and after libertyreserve was shut down skrill become my main payment processor