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radex78
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Everything posted by radex78
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Many broker also offer pamm system for their trader, and as investor they can use pamm system to investing on the trader that according their review has profitable trader for long run, but to finding profitable pamm system also not easy, this required research and also as investor need smart to choose pamm trader
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Robot not always able trade according the trend market also, I think, some trader said if robot can't work on news high impact because many robot created based on technical anaysis, but I think will also good if robot also created based on risk management and money management also, advantage robot is can more discipline than human.
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Money management is important thing to maintain account from margin call, in trading as trader they will not always able analyze the trend market with accurate all the time, and with risk management and money management this is very good way to manage our money in uncertainty market condition
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Yes as trader they making transaction in forex market with buy and sell currency using another currency, but in my view forex is included in speculative investment, although as trader they can't only relying with lucky but required good knowledge and experience, making consistent profit is goal all trader but required good learning to get this level
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Keep spirit ilearning, failure might only as delay succeed for trader, still many hope and opportunity on future, forex is relaiable busienss as ource of income if any trader seriously in learning, indeed making money in forex is can't stable, sometime loss still inevitable adnd as trader also need they have good mindset about forex if this is not easy way to get rich at short time
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I think practice in demo account will good if at least practice on six month, because so many trader get fail and can't mantain account more than six month, but maybe not all beginner willingly to spent practice in demo more than six month, because they lazy and have desired to making quick profit in real account, forex is not easy and rush in trading will often causing loss
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Yes so many broker in forex world, certain trader already trying many broker and in my view included many broker already joined, and this is also as good way to trying service, but I think use one broker also already good as long as choose broker that have good reputation and regulated broker
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Yes alot of factor as reason the cause of loss, and if trader already understand the cause of failiure hence shouold they can learn well to overcome tehse mistake to making betterment trading skill, if mistake in trading because greedy hence they must trade with safe trading low risk, if m,istake might beause emotion hence as tdarer should trade with good control emotion
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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
Maybe if any trader they can learn well on gold, this is included in good average movement on gold, many factor thet cause of gold arise, some opinion said if gold there are corelation with aud which this is curency for australian country whih it s bigger mining of gold in the world, but also as investor gold will look on china, which this is big country consument of gold -
Whats the Difference of Trading Mini Lots Vs. Full-sized Lots
radex78 replied to abdulla1's topic in Forex Newbies
Mini lot size and full lot size, it different value of amount money if trader get profit from their trades, mini lot size value per pips will smallest than full lot size, and for safe trading maybe if trader choose mini lot size hence will will more safe than use full lot size, for learning process is good to use smallest lot size I think -
Importance of Demo Account/virtual account in Forex
radex78 replied to abdulla1's topic in Forex Newbies
Yes demo account still very important for trader espoecially beginjner they can making early preparation in demo account with backtesting any system trading but also will good if in demo already involved about money management and risk management, so if good habit in demo can bring to real account it will help to making better result I think- 751 replies
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- forex virtual account
- forex demo account
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If still blind at all about forex, hence I think will better learn on basic education forex, so as bneinner will having familiar with many insight related forex, then they can use demo account to practice implemented all knowledge that obtained from basic learning, maybe focus on learning one system trading then implemented in demo is good way to start learn
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Will better as trader also reading term and condition regarding with bonus, and if likely hard to fuilfilled ll requirement to withdraw profit hence bonus only like as trade on demo account, but if they can hardwork and fulfilled all requirement hence will good to get bonus to start trading without spent any dime money from own pocket
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Both is important I think, while learn theory also practice to learn the market behaviour on demo account, but yes of course basic knowledge must be learned first, like as learn about candlestick chart, learn indicator forex etc, while in pracice in demo, they learn to implemented knowledge and look how their result from their backtesting
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Yes I think if any trader already have intention to treat forex as main job, they can spent time as full time trader, but also they must realized if result from trading forex is not always able making profit and will good if still have another source income, so if likely fail in trading hence still have another source income for daily purposes
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The Main reason Why Forex Fraders Fails.
radex78 replied to asiaforexmentor's topic in Forex General Discussion
Don't despair, although suffering with loss in trading but assume if the loss is one process to become better trader, learn and making evaluation trades, it will better than blaming others or blaming the market, making evaluation trades will help us to making betterment trading skill, maybe with learn from our mistake in trading, like as if we making mistake because greedy, hence we can trying later with trade low risk -
So many broker that available in forex business, and as trader they will choose broker that according their opinjon as good broker, but some trader also they joined on several broker and this is also as good way to deversify capital on several broker, and they can trying servicce from broker that already joined.
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Forex now is one of the Online Business
radex78 replied to luke1's topic in Forex General Discussion
BUt I think beside forex promising unlimited income , also as trader they must undertand with the risk that involved in trading, many trader also fail and losing money in forex market, and I think as trader especially beginner without spent time in learning hence will faced with failure, because in fact making profit is not easy like as turn around or palm hand -
There are so many kinds platform trading in forex business, like as ctrader, ninjatrader, webtrader, ptmc etc, but as I know most popular platform and still used many trader is mt4 platform, this platform also already support automatic trading with robot, and also we can use third party indicator, and I think mt4 still user friendly and easy to use
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I am eve hear suggestion from expert trader if for beginner better they have strict risk management, which only take maximum risk only 2% each plan trading, it will making more opportrunity making news trades again with free margin that left if first trading get fail , thinking to saving than boosting
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In forex business also there are broker that not allow scalping, which they have restricted for scalping trader, like as if they open and close order less than five minute hence profit might canceled, as scalping trader they will choose broker that allow scalping
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Patience in trading is very important because as trader they also need waiting to determine entry point based on their signal, if they use indicator as help tool also they need patience to waiting indicator giving signal entry point, learn discipline in trading also very important because discipline is sign have good psychology trading
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Yes, this is very important to manage risk in trading, use stop loss and taking profit, and might will better also with use risk reward ratio, and many advice for beginner from expert is only spent risk maximum 5% each plan trading to making more opportunity made new transaction
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Yes in fact not always as tarder will able to making profit all the time, and risk in trading always there, which sometime as trader faced with loss, but maybe not all tarder they willingly to accept these risk, some trader that have high temper, usually after loss hence will making them being emotion and making reckless decision
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Don't lose hope, forex is like as education investment and here is aboiut how to manage the risk in trading with learning with the market, and here as trader will work with the trend market and they must learning many kinds of the trend that occured so they will get better understanding with the market behaviour