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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
How to oput strop loss, this feature is to manage the risk in every plan trading, sometime any trader they will use detail stop loss on certain ditsance with their order, but might there are trader that will look on support and resistance area, and it will depending with each trader to determine -
How to Start Profitable Forex Trading
radex78 replied to ellliottt's topic in Forex General Discussion
Yes it's very good if trader learn both about technical and fundamental analysis, but if any trader they can expert in technical analysis hence also will good because certain success trader he share their experience using technical analysis is enough to making money as long as understand with the market -
[nordFX] How to Open Trading Account with NordFX
radex78 replied to tifagabe's topic in Forex General Discussion
Choose broker is important part I think in forex business, will faced with disappointed if we faced with scam broker, and many fellow trader said if broker that have regulated is more reiable, but however forex trading is risky business, after choose broker also in investment need use money that afford to lose first -
Yes demo account like as foundation for beginner trader before they start in real account, and will god if they learn seriously in demo account to manage money in uncertainty market condition with trying to making accurate analyisis and also using risk management and money management in trading
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There are certai trader might they avoid trading on monday and friday, they have reason if on monday the trend market still not yet clearn figured on the market and on friday often price movement move randomly and very unpredictable, and as trader they not necessary ttrade everyday if likely not yet getting best signal entry hence waiting more safe than rush
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practice to be consistent on the profit obtained
radex78 replied to rizal83's topic in Forex Newbies
Yes, as tradr should always hardwork and keep struggling to improved skill in trading, and expertience will bring trader will get more knowledge from their learning, although not easy to making consistent profit in trading, but I think we here will hardwork to minimize the risk with expectation to increasing profit -
I think many trader actually still want more and more again, although today already reached target profit, but next day they still want more and never satisfied, but will good also because this will motivated trader to continue in trading with hope always able increasing their money in account
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Yes as trader must control their own selves to manage money in account, avoid greedy in trading and also reckless in decision making, trade with low risk will more comfortable than use high risk taker, if likely trader already too late in decision making they must waiting or decreasing lot size to manage the risk
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Indeed leverage like as double edge of swords, as trader edge to use leverage wisely and don't being greedy because desired to making huge profit at short time, as trader need pay attention with the risk that involved in trading, although might trader use high leverage they must control their decision with risk management plan
- 247 replies
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- leverage in forex trading
- Is lower leverage good
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How to Start Profitable Forex Trading
radex78 replied to ellliottt's topic in Forex General Discussion
Become profotable trader is not easy task, but if any trader they having good mindset about the trend market can be learned, and also they have good psychology trading hence will become better trader although it's not mean if they will become always making profit all the time -
If we want to develop better psuycology trading hence real account will giving more tension on trading, and in real account as trader will trained how to control emotion after loss and also trained skill to prevent greedy in trading which this often making failure, but however demo account also useful for backtesting strategy
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Importance of stop loss placement in forex trading.
radex78 replied to asiaforexmentor's topic in Forex General Discussion
Many traderr still use stop loss to manage the risk in trading, I am also if trade on real account usually will more carefully and always trade use stop loss, but sometime in demo account especially in contest will dare to trade without stop loss and use averaging strategy, but often this work to making growth capital in contest although never become winner -
What the type of Deposit / Withdrawal that you like?
radex78 replied to uncle gober's topic in Forex General Discussion
Where country that don't allow use skrill? seems in my country not in exception, because I can use skrill and also can withdraw money from account skrill to my local bank, but need few day to waiting money arrived in my account because skrill use wire thansfer -
Every business has difficulties and also obstacle, but sometime start from these obstacle then making people will learning how to overcome these obstacle and finished the problem, not except in forex will faced obstacle, so we will learn how to learning here with hardwork to overcome all obstacle in this business
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No risk no gain in forex business, if anyone they want to making profit from trading they must open trades and this is mean they already take the risk because want to gain, and as trader also still need patience to waiting because after open trades they still need to waiting price move to their favour to hit target profit
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practice to be consistent on the profit obtained
radex78 replied to rizal83's topic in Forex Newbies
Many peiople said if practice will make perfect, and yes this is good for all trader to always practice improving their skill in trading, although only using demo account but actually this is also good for learning process, if in demo account still often fail hence will not differ much with later in real account, keep practice and spirit -
Long time experience in trading only will making trader get betterment skill, but isn't mean they can avoid the risk in trading, loss in trading is part in this business, here as trader will always faced with profit and loss in trading but as good trader they will having more winning tradfes than loss trades
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Yes these amount money already in huge number in my view and will better carefully to choose broker, regulated broker more preferable, but however forex trading is risky, better already having good skill trading so they can increasing money without many problem and cchose right broker also important to avoid scam broker
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This is one great thing in forex busijness which already available mobile platform for all trader that having device that support platform, now android smartphone is popular operating system and many people having it, for active trader this is good for them because they can trade anytime and anywhere using mobile platform
- 372 replies
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- Mobile forex trading
- how to trade forex via mobile
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Will better I think if newbie they practice using demo account for learning process, because many trader can't maintain account more than six month hence will good if they willing to spent practice in demo at least six month although might many beginner they rush to start in real accoiunt because they want making real money
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I am already use real account now, but I am rarely to open trades, and often my plan as swing trading strategy with hold position sometime more than few days, but I think also good using demo account to learn and practice in real market condition using vitual money, and I see certain trader he willingly to spent practice in demo more than two years because he won't to fail in real account
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I think as trader will hardwork to monitoring the trend market and using their brain to analyze the trend market, and I think in every business also required hardwork and struggling to getting better result because we not only sit down and get earning, we must analyze the trend market and we use our eye to watching the market
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Yes many broker offer bonus included forexmart also offer bonus deposit and deposit bonus, this is good thing for retail trader and poor trader they also can start forex trading using bonus no deposit,. although there are certain term and condition regarding bonus but this still become one opportunity to making real money start from zero capital;
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why many people see forex trade as gambling?
radex78 replied to rockstar's topic in Forex General Discussion
Many people they thinking forex like as gambling because they having not enough knowledge and only look forex from outside, which they thinking after open trades it will only relying with lucky, but actually forex not like as gambling this is required good skill to analyze the market and determine entry and exit point with high accuracy not only reling with lucky only -
Stop loss and target profit still used many trader to manage their risk and money in their account and for learning might will good if we also use risk reward ratio and trying to learn set reasonable target because if having too large target will hard to achieved