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radex78
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Everything posted by radex78
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Yes especially for beginner, use bonus no deposit will attract for them because they can trade without spent money from own pocket, and they also can trying service plaftform on these broker, many broker offer bonus no deposit or deposit bonus, forexmart is included one broker that offer bonus no deposit
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I think almost trader they want to become successful trader, but in every business there are general thing if might some trader they get success, but another get fail or seems in stagnant result, and success also will never come easily, all required process and progress to achieved success level, good learner will get easiness to getting succeed I think
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Fail in tradng is not the end for everything, still many more opportunity ahead because forex business still exist and never end as long as still exist, and start from failure if any trader they take lesson from their worst experience hence it will making them more carefully to step ahead, because success also will never come instantly, required hardwork and keep struggle
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Mistakes that Forex traders are likely to make.
radex78 replied to mody.saied's topic in Forex General Discussion
Loss occured because any trader made mistake in analysis or they impatience and has weak psychology trading, if any trader already having good understanding with the market behaviour and also have experience to making best timing in decision making, hence mistake migt can minimized, so will good if any trader they also recoghnized their mistake then overcome all mistake for future -
Choosing broker that offer low spread is more suitabe for scalping trader, bedause sometime broker has rules don't allow scalping, but now many broker also allow scalping and if these broker offer low spread of course this will giving more benefit for trader especially if they register under IB and get rebate system , more trades opened and closed will get more pay back from rebate
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Some trader might not only use one broker, there are certrain tarder which they have account on more than one broker, I am also have several account and I think this is also not wrong because might we can diversify account and getting double service as long as we choose good broker, forexmart also as one good broker that regulated on cysec
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Of course as tarder must always imporved skill trading if they want getting better result, maybe if trader not yet ready invest in real account they still can use demo account, or always active in demo contest, it will making interested in forex business more deeper, many broker provided demo contest included forexmart has contest demo money fall with interested prize
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Maybe as broker also they will recheck all their member also, if likely there are certain activity that might as suspicious trader might also will trying to track these trader, because every withdraw money usually as broker will also will check amount withdrawn and also if likely violating rules hence will denied
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Me too, so far still only use mt4 to making trades in forex market, because also my broker using this paltform because as trader also will only follow broker platform that offered, some broker might offer multiple platform beside use mt4 also offer webtrader, but for overall I am already comfortable use mt4 than another platform
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Still so many trader which they treat forex as main source of income or treat forex as part time business, and one advantage forex trading is the market open 24 hour 5 day a week, this is very flexible time for all trader, which they fan trade is they have spare time, many trader they treat forex as part time business and still making money from forex
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With put take profit in our trades, and also stop loss, hence although we can't always have time to minitoring account, but still forget enjoy and comfortale because already have plan trading with use risk management and target profit, but also will better maybe if trader have reasonable target profit
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Many broker offer bonus even no deposit and deposit bonus , included forexmart also have bonus promotion for their client, this actrually useful for trader especially beginner if they want start trading in real account hence they can use bonus no deposit from broker, altyhhough usually has certain rules regarding bonus but if they can increasing profit from bonus, very possible making real money start from bonus
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Maybe if forex without leverage hence only hedge funds of big trader which they have huge capital to trading, but with leverage this feature help much among trader although as retail trader like as me still have opportunity to trade in forex business, many broker offer high leverage now included forexmart
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Importance of Demo Account/virtual account in Forex
radex78 replied to abdulla1's topic in Forex Newbies
Many broker have demo account for trader beginner, this is also as one way to promote their company with giving demo account and trying service these broker, in demo account although only use virtual money but this is still good for practice among beginner before start in real account, beginner can learn system trading use demo account with free of risk. -
Beside using demo account but also will good if they learn from various source of learning like as learn from forum or website that provided information related forex, and best place to built up better psychology trading is on real account which this is will making their psichology become better from their experience, and demo account for backtesting ea or system trading.
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Certain trader which might they already have long time experience in real account hence they will lazy to trade in demo account because they have reason if demo only waste of time and although they can making huge profit in demo but these profit unwithdrawable, but maybe many expert like to take part in demo account contest, because if get victory and become one winner hence they will get prize.
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In my opinion actually many trader they never been satisfied with their result, although today any trader already getting big profit, but on next day still want more profit again, and I think this is as human nature which actually have greediness in business, but to making good profit as trader they need patience and also good profitable trading system.
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Maybe have too long target will hard to achieved, and required more patience to waiting, and put risk reward ratio 1:1 is still general ratio, but maybe different trader have different setup, if any trader they use risk reward ratio 1:2 hence they will learn also how to determine best timing on early trend beginning, and what the best hence each trader will have own experience using their strategy
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Importance of Demo Account/virtual account in Forex
radex78 replied to abdulla1's topic in Forex Newbies
What do you said guys, I see most broker offer demo account for their client, you can visit website company and there will reading link to register demo account, or if you want trying register through metatrader, I think you can created account demo with choose server demo on these platform, but if you not yet instaled mt4 platform on your computer, you must instal platform -
Choose too high leverage is not help much and maybe only will killing account shortly if high leverage leading them to become greedy in trading, I am usually choose medium leverage like as 1:400 or sometime 1:500,as long as we can control our decision and always safe trading low risk use medium leverage still reliable for me.
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Yes different broker might has different spread offered, and as trader they can check out on website company to understand about spread that offered, and sometime spread amount also as one consideration certain trader to choosing broker, low spread is more preferable, I am use forexmart also because has low spread also.
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Demo account still become best place to practice in real market condition, this is useful for trader to making backtesting strategy and system trading also if any trader they prefer trade using robot hence demo account will always free of risk from losing real money, and sometime start from demo also can making real money if any trader become winner in demo contest.
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Depending with each trader style maybe, if any trader prefer work as scalping might they can trade daily a week, along the market opened, and intraday trader might they can trade at least one order a day, but swing trader might they not necessary to open trades everyday, and overall actually the trend market not always support decision so not also necessary trader open trades 5 day a week, better choose on good timing which trend market move strongly just my opinion
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Maybe if any trader they become gambler in trading, hence they will can't long run in this business and not any gambler they become rich and always in lucky, trader and gambler is different case I think, as trader they will learn seriously how to manage money in uncertainty market condition with always improve skill to analyze the market, while gambler they will only relying with lucky with desired they can making huge profit at short time.
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When Did you start your First Trade?
radex78 replied to kiranchandra's topic in Forex General Discussion
Already many trader have experience more than a years, but maybe each trader also have different achievement, some trader which they can learn well and always seriously in learning hence will get better result, but maybe any trader which still faced many difficulties during learning like as they can't control emotion properly and often trade based on emotion might their result also not good