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andry777

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Everything posted by andry777

  1. andry777
    @wasi I don't know for sure but as I knew, higher leverage will be lower risk because it will hold more pips and also it will give lower profits too. As an example , if we used 1:1000 so it means 1 pips = 10 cents then if we used 1:100 leverage then 1 pips = 100 cents (1 dollar). So lower leverage will make the value of each pips will be higher in dollars.
  2. andry777
    @pinoycity Yes, that will be better if we lost in demo account and we could get some profits in real account but it is impossible. In reality, we will face loss in real account too and it can be our lesson to be better in the future. I didn't like the statement you must lose to make your succeed. Yes, we will experience loss but we shouldn't depend on our losses first to be successful but it will be better if it said, we must learn from our losses.
  3. andry777
    I think usually newbie traders suffered many losses in real account although they could make good profit in demo account because demo account is really different with real account. The most reason is because of psychology and then because we underestimate real account after we succeed to earn many profits in demo account.
  4. andry777
    Demo account is our first trial before we used real account, it can be used for testing our new strategy too. Usually, demo account is used by newbie who tried trading platform in the first time, but forex expert used this too to test his new strategy. It's really important account for traders.
  5. andry777
    @pinoycity I am agree with you. Demo account and real account has its own functionality which is complementary. There is nothing which is more important than others. Demo account and real account are important for traders. All traders will need them if we wanted to be successful trader.
  6. andry777
    @Nikhil But the hardest part in PAMM is choosing the best trader because some traders have good performance in its proof but when he used our funds, he didn't make good profit. That's from Investor view, if we are trader that is hard to prove ourselves that we are good trader. It's hard to make the deal too.
  7. andry777
    @sasanka As I knew, forex robot is script or mql files. You can place your robot forex into folders that contained robot forex. In mt4, it usually saved in Expert Advisor (check the path in there). After that, you can easily click it to run the forex robot. Please correct me if I wrong.
  8. andry777
    @Nikhil That is emotionally but if we had good money management, that won't happen. If we had good money management, using higher leverage will give us chances to hold more pips but it will give impact to our psychology because we got few dollars for many pips. So it will depend on each trader to control this.
  9. andry777
    @Nikhil Yes, it will really help people who are busy but he still wanted to get some profits from trading but still it's not as comfortable as we used PC or Laptop. I suggested to use PC or Laptop more than mobilephone if that is possible.
  10. andry777
    @Icy That's what I wanted to ask in here, what is your risk management strategy? I knew if our own strategy will be the best but it will be better to share your strategy in here and your opinion why did you choose that strategy as risk management.
  11. andry777
    @wasi I didn't think so, for each trader will be different to run strategy. If you used some percentage to compound your account, that will be faster to get your original investment. But each person has different point of view, taking our profits is okay too.
  12. andry777
    @chuna Yes, that is the other forum from Instaforex too but I prefer to post in mt5 because it's more stable than nigeria now. Back to topic, about we lost more than our fund which we deposited. That is possible if we got bonus amount from posting. So we deposited only 10 dollars as an example but we got bonus posting is 90 dollars and then we lost 20 dollars
  13. andry777
    @pinoycity Yes, that is important to control our emotion well because it could determine the result in trading. Strategy is important but psychology is important too because both of them will determine the result in trading. Both of them must be good if we wanted to get profit.
  14. andry777
    @wasi I think it will be business although we managed funds from other people (investors) or we used our own money. We must have planning in our business, about compounding, diversification, risk management, etc. If we didn't have strategy, that is not business but gambling.
  15. andry777
    @Nikhil yes, that is easier to look at chart and then we made decision than we looked at the news and then we made decision. If technical, we could take a look of the history but fundamental, we must focus more in condition of market and country that we used its pair more than history.
  16. andry777
    I think that will be varying each trader because there are retail traders and there are really traders who didn't use leverages. I suggeested for newbie, they used about 100 dollars in real account. I think that is enough to get some good profits but for expert, it will depend on their psychology.
  17. andry777
    @sasanka Wow that was great if you could spend until 6 hours daily in forex market. It will make you better than another who spent lower time. That was nice if you could understand many conditions in forex market too.
  18. andry777
    @sasanka I think that was too long to do trading in demo account for 3 months but I didn't say that is wasting time but it's not effective enough for me. It will be better while you did demo account trading in 2nd month maybe, you made trading in real account too with small investment.
  19. andry777
    Date: 4/7/2011 6:14 AM Batch: 58645355 Sent To: U3459871 (Dimas Andryanto) Amount: $1.00 Memo: Payout @ Money Forum
  20. andry777
    @budado I didn't agree with you. I think the feature of Paypal is easy to use too, but I don't know each person has different point of view. I think Paypal is better for overall than MoneyBooker. I never used MoneyBooker anymore because I didn't look any sites which supported payment in MoneyBooker.
  21. andry777
    @budado If you had HD-Money funds, you can exchange it to LR and then you can exchange it again to your local bank. I usually did that when I got payment in DMT to my HD-Money account. You can use ecashworldcard to exchange HD-Money to LR with low fees. it charged only 1% in each transaction.
  22. andry777
    @budado I think that is not discrimination friend, it's not supported because there are few supports in there maybe. As I knew, in India Paypal has made special Paypal account because there are many accounts of paypal in India ever been hacked so Paypal made special account for India only. It's called Paypal Indian if I don't make mistake.
  23. andry777
    @archu Oh really? I didn't know about that, thanks for your informations. Could you tell me what kind of strategy which is used by hackers usually to steal our account? If in LR, hacker usually used phishing e-mail or sometimes it used spyware software.
  24. andry777
    @archu Yes, if we used LR so we must take a look the program first because LR didn't give dispute facility so if we transfered in wrong number, we can't get back our funds. If we are cheated, we couldn't do anything too. It's the lack of LR, because in LR we didn't need to send verification so it's unsecure for online stores.
  25. andry777
    I didn't have GDP account so far because I don't find out good exchanger which provided exchange from GDP to local bank. I found exchangers which can exchange it to another e-currency. I think it's better to use another e-currency because it will be more profitable.
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