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radex78
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Everything posted by radex78
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INdeed leverage is like as double edge of swords, on one edge will giving benefit to increasing opportunity, but on another edge will harmful account if we can't control decision, many trader they suggested to use low leverage to prevent from greedy in trading because low leverage will required higher free margin requirement to open trades
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Yes making evaluation our trading it will help to improve our strategy, if we maybe often hit stop loss hence we can trying use different strategy to put our stop loss, if we can making good analysis hence profit will more easy but if still often making bad anlaysis will often loss also
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Importance of Demo Account/virtual account in Forex
radex78 replied to abdulla1's topic in Forex Newbies
We can use amount capital according our decision, we can register demo account through metatrader and choose demo server and fulfilled form registration with typed amount capital according the money that will prepared later in real account, for learning purposes this is good for trader pracrtice in demo- 751 replies
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- forex virtual account
- forex demo account
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What factor is help to consistent profit in forex?
radex78 replied to Upul Tharanga's topic in Forex Newbies
As retail tradere might still hard to making consistent profit, but still possible if any retail trader they can analyze the market properly and only open entries on higer possibility to making profit and not become aggressive in trading because just want to chasing profit -
Many broker in forex business, and we may choose that according our reason become good broker, some broker offer no deposit bonus included forexmart if only want to trying service trader can trying platform using bonus no deposit although there are certain rules regarding with bonus
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Certain trader they can trade without stop loss, but they will use cut loss if likely already trend move on certain point and wait until they have signal to cut loss, but many trader use stop loss especially oif they leaving order it will prevent from big loss if the trend against their order
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Maybe many newbie they only thinking about earning without making good preparation in demo account, althpugh using small capital but if always waste money hence will loss huge money if calculated, so I think will become good preparation if newbie spent time in demo account until they really understand how to trade in this arena
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Yes of course as trader need to always improve skill trading although they only treat as part time business, because forex is risky business which without learning will hard to making profit in trading, and will more comfortable if in forex already able making profit regularly
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What factor is help to consistent profit in forex?
radex78 replied to Upul Tharanga's topic in Forex Newbies
As retail tradere might still hard to making consistent profit, but still possible if any retail trader they can analyze the market properly and only open entries on higer possibility to making profit and not become aggressive in trading because just want to chasing profit -
How to become a successful trader as soon as possible?
radex78 replied to TekiJIa's topic in Forex General Discussion
We need having high dedication and keep learnng to achieved success, maybe required long years learning to become success trader, discipline in trading and always learn from our mistake to making better result, or if we practice in demo account we can use practice to finding suitable system trading -
What the type of Deposit / Withdrawal that you like?
radex78 replied to uncle gober's topic in Forex General Discussion
On few years ago, since libertyreserve still alive, always I am making deposit and withdraw using LR, but now these payment system already shut down and I have certain dollar on these payment system which lost already, but now I am use skrill and I think this is good and safe payment system -
How to start investing (my advice)
radex78 replied to David_Warner's topic in Forex General Discussion
Yes I think investing in busienss as people they must accepted about the risk in business, not always in investment will profitable and might without experience hence will diiffcult to making good profit, while investing in forex also required good learning and practice to implemented knowledge -
Technical or Fundamental that you like more?
radex78 replied to andry777's topic in Forex General Discussion
Although only using technical analysis but if any trader really understand how to trade with technical it will already enough to making good profit, but some trader might they prefer use fundamental analysis, and they really understand how trade with fundamental analysis hence also possible to making good profit -
I like with fixed spread than floating spread, because only spent small capital in forex as long as still broker paid every withdrawn still okey for me, but maybe will different if already use huge capital , choosing broker is very important because they won't to losing money because joined in scamm broker
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Yes it's possoble but might not esy, as scalping trader if already expert they in daily trading will open and closed order many times and they can calculating profit loss daily, intraday trader lso they will open and closed order at same day, and they can look their trades with profit and loss daily
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For beginner trader practice in demo is very much important, and if they still often fail in demo account will same in real account, certain trader he willingly spent practice in demo more than two uears because they don't want to losing money if skill still often fail even in demo
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Sometime the trend market move unpredictable, might not all trader will knows if might central bank will intervention currency, and usually if central bank making action will making price on currency move strongest and rapidly because might central bank use hiuge money to intervention currency, if on these condition trader without stop loss and trade against the order hence will making lfe and might MC
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It's good if concentration already giving better result, with concentration also will making more understand with the market behaviour, but might diffferent style trading also will different level concentration, scalping they need more concentration than swing trading because they trade at short time plan
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Yes this is very potential a source of income, forex business still attract many people to trying making money from this business, and I think about money will become most reason many trader joined in forex, this simple business but risky because any trader might losing money from their investment
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I am still look of forex still become reliable business, which this business included as potential business as source of income, still many opportunity to making money with forex, and this businesss although included as high risk business but certain trader already able making profit regularly throigh trading and this is good business
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Online Forex Trading: Are You A Lion or a Cub?
radex78 replied to asiaforexmentor's topic in Forex General Discussion
Forex business is risky business, and this market very fierce, because trend market move very dynamic and unpredictable, as trader might will losing their money in trading, and to making good profit in trading required good learning, and also to become success maybe required long years, if trader only treat forex as gambling usually will fail and can't longer life -
One advantage bonus even deposit and no depsoit still giving benefit, no deposit bonus although might has rules regarding bonus but as trader might they can making money from bonus, if already fullfilled all requirement to eligible withdraw profit bonus, and bonus depsoit also making strongest free margion although if get mc usually bonus canceled, but still useful to use strategy in trading
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Maybe so many newbie they want to making quick profit without deep learning, actually forex trading is difficult business to making profit, although price movement oinly on two edge, if not down trend hence will up trend but in fact to analyze the trend market properly is not easy task, forex is risky business and not easy to making profit consistently
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Demo account still very important for trader, especially beginner will very much important to learn forex in real market condition, certain trader he making good preparation with learning in demo account, and not rush jujmp to real account before they felt confidence with their skill, because if in demo account still often fail hence will not differ nuch in real account
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If any newbie likely they already start in real account, first to thinking is about how to manage the risk with strict risk management, don't thinking will easy making profit and saving account with low risk in trades will giving many opportunity to maklng new transactrion, many trader fail beause they fgeedy at first time and being emotion