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radex78
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Everything posted by radex78
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Yes if trader having tendencies to trade with scalping trading hence they will look on broker that offer low spread, and this of course will giving benefit for trader because to recover spread fee only need few pips movement, and if trader want to seeking broker low spread they can visit website each company and making comparison, forexmart also offer low spread
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I think it's good alerady set stop loss and target profit with 1:1 as risk reward ratio and we can learn from mistake if often hit stop loss and to develop strategy we need patience to determine entry point and not only based on tempted by movement of price, and how to set stop loss and target profit might we can trying use script
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Yes will better if trade with calm minds because with calm minds will able making better analysis and have better patience to waiting the best timing to determine entry point, indeed forex trading is full tension because treat real money actually any trader will fear to losing money and this will influenced in trading
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Yes as trader about choosing broker is very important because this also about safety of funds, regulated broker is more preferable among trader and also support sevicce and also in tradng will good no requote problem so if trader like with scalping they can instantly open and closed order with no requote problem
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When Did you start your First Trade?
radex78 replied to kiranchandra's topic in Forex General Discussion
Actually I am already knows forex few years back already, but till now still feel like as beginner, and making profit cosnsitently is not easy task for me, although sometime can making huge profit but sometime also loss in row, forex business is remain risky but for expert they can making good profit in trading -
[share]Free resources to support traders in the Forex market
radex78 replied to useful's topic in Forex General Discussion
On few month backI see on currency jpy has occured larger movement, you can check out pair like as usdjpy, eurjpy, gbpjpy, chfjpy, audjpy almost pair that has element of jpy occur large moovement of trend , like as today I see those pair has large movement on london session market unfortunately I am too late because not meet with these time -
Many broker offfer bonus no deposit and deposit bonus, and trader can get bonus if already fulfilled requireent of rulers about bonus, many broker offer bonus no deposit and you also an try on forexmart I see this broker also offer bonus deposit and no deposit bonus,
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Useful Tips to Success in Currency Trading
radex78 replied to dhanpreet's topic in Forex General Discussion
Get success in forex business is not easy task, required good understanding with the trend market behaviour, analyze the trend is important and if they can possible to avoid unnecessary loss, which as trader need keep discipline with system tradng rules so they can understand their system work or fail -
The Main reason Why Forex Fraders Fails.
radex78 replied to asiaforexmentor's topic in Forex General Discussion
Loss is part in forex trading which sometime inevitable, and if trader faced with loss maybe it will making them being angry or sad because losing money, in fact loss can occured because many reason, but one exact reason is trader exit at loss position, even hit stop loss or cut loss, and also the trend market sometime move unpredictable -
Yes maybe, as mafia will happy with broker that not strict about withdraw money to their bank account, they can free to withdraw money to money laundring money that come from bad way business which included in ilegal business, and maybe they will look for broker that has easiness to witdraw without restriction
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Patience is important, but understanding with the market will more important.because as trader will get profit from difference price movement and here they work with trend market, if they can identity when price will move uptrend and down trend or will vice versa, it will help to determine entry and exit point
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So many source we can learn from reading ebook, or might you can learn on babypips on school of psychology, but I think beside learn theory also they need practice in demo account, because market condition remain same with real market itself, they can bacltesting skill in demo with free from losing money because only use virtual money
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Maybe because zulutrade is place among broker and also trader also signal provider meet on one place, so as member might also they share their opinion and experience on zulutrade, but whether zulutrade better than mql5 I don't know for sure I think service is have similarities
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This is in common reason the cause many trader fail, if we making comparison between newbie which still blind at all with trader that already have long experience, might will quick fail for newbie, which also usually they have weak in psychology trading, often panic, and fear and different with experienced trader which might they have better psychology
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Yes of course, learning will never ending if any trader still treat forex as their business, in daily market itself the market always changed and as tradfer must following update analysis to making their plan trading to trying increasing profit, without learning and relying with lucky might will not come every day
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I am prefer tarde with swing trading strategy usualily, but maybe scalping trader they will open trades daily, because they have plan short term plan trading, especially active trader which they also want get more additional profit from rebate system,. might they will more active in trading
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Usually almost broker offer demo account for their client, but in my opinion one mistake start in demo is trader use huge capital more than 5000$ whiile if trade in real only use less than 100$ this will different result if trader use same strategy, because huge capital will strongest to withstand price movement while 100$ will narrow to withstand price movement and trade in real account already involved emotion
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Yes as tradeer they can learn first through demo account, this is very important especially for beginner before they start in real account, but they also need to learn from theory, reading ebook forex, reading article forex also will help them to understand about ins and out of forex business
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What factor is help to consistent profit in forex?
radex78 replied to Upul Tharanga's topic in Forex Newbies
Making conststent profit ioss become almost goal for all trader, if any trader they can making consistent profit hence will get financial freedom, but how to making consistent profit, I think this is required good knowledge to analyze the trend market which trader can determine best timing to enter and exit point -
Almost broker offer demo account for their client, just visit website company of broker and there you will look any link to register demo account , like as in forexmart also has offer demo account, but you also can created account through mt4 platform and you must install platform on your computer first
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In my experience loss is part in trading, sometime loss inevitable, because trend market move dynamic and emotion each trader or psychology also has impact to trading decision, you can trying with your self during trades if will involved emotion if already start in real account
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Yes long term plan usually also use higher timeframe like as daily and weekly, but short term trading usually use small timeframe like as 1 hour or 15 minute timeframe so stop loss level also will look on support resistance area on these timeframe, but some trader might they use fibo line to set stop loss level
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Still forex busienss become my favourite business so far, this is still become reliable business as source of income, if trader they already expert they also can trying to become signal provider on social trading community like as zulutrade. or if any trader have good skill to promote they can become IB or partner broker
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My suggestion for newbie if they already start in real account after passed on demo account with good confident, first they thinking about how to saving and don't thinking how to boosting, it's mean they should trade with strict risk management to making more opportunity making new order if they trade with strict risk management
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Don't deep in regret after fail, losing money in forex trading or get margin call account maybe is common thing for trader, I think almost trader they ever faced with loss and margin call, but this is not the end for everything because we still have opportunity to learn again from our experience , forex market still open and we have new opportunity everyday along we have capital to trade