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PROPENSITY100
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Everything posted by PROPENSITY100
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How do I spend profits from forex trading?
PROPENSITY100 replied to flybiz08's topic in Forex Newbies
We should withdraw our profits on a regular basis. I think not only earning but withdrawing a profit really decides that we realize a profit. Profit and losses are common in Forex trading and if we make profit in one transaction and do not withdraw it and in the next transaction we make a greater loss than what was the material use of that profit. So we should also consider withdrawing our profits periodically. -
Forex market is open 24 hours a day does not mean that we should trade 24 Hours a day. Continuous trading is never advisable. We should take breaks from Forex every now and then. These breaks are healthy for our health as well as Forex trading. Continuous Forex trading usually results in losses and ends only when the capital has ceased to exist. Continuous Forex trading give rise to Forex addiction which should be avoided.
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Forex is the best option available for long term and short term investments. However to make good returns from Forex one needs to know it well. Long term investment in Forex is not like opening an order and keeping for an year or more and relaxing. To be successful in Forex trading one needs to keep himself abreast with the latest development in the economic field and take prompt decisions when needed.
- 336 replies
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- long term forex trading
- risk in forex investment
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Do anyone in here trade forex via mobile phone?
PROPENSITY100 replied to t2t's topic in Forex Newbies
I have used mobile trading since over 6 months and feel that though it is not as convenient as trading on my laptop, It has some very good aspects. Mobile trading allows us to be connected to our trading terminal even on the move and no matter where we are. When we have to urgently leave our trading desk for some work we can carry the trading terminal with us on our mobile which is far easier than carrying our laptops.We always keep our mobiles with us and therefore we never get disconnected from the Forex market.- 372 replies
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- Mobile forex trading
- how to trade forex via mobile
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Great script and good site. though I have never invested in any hyip program till now, I am planning to invest in the near future. I prefer Forex trading over hyips but I think I should allocate a small portion of my capital to hyips, which appearing promising. All the views about these hyip are promising and this site would be in my top list,
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Trade With Top10 Forex Brokers In The World
PROPENSITY100 replied to ftsx's topic in Forex General Discussion
Good information but not evidence to support it. Your site list many brokers but lack adequate information about the brokers. Please furnish it with more detailed information like the details of its regulations. However having some prior knowledge it is of some help to us. anyways i am happy with my Forex brokers and dont think I need to do more research regarding this. -
Choosing Gold or Currency Pair in Trading Platform
PROPENSITY100 replied to luke1's topic in Forex General Discussion
I chose both because it helps to diversify my fund allocation. Gold is better for long term trading while currency pairs are better both for long term and short term depending upon the market condition. I give more importance and favor to currency pairs because they are more volatile and the spread is low. We cannot also use scalping and hedging strategies in gold trading as effectively as in Currency trading. -
hay how much effort i put to accumulate that 10$ and if I do not get paid after that how much anger I will get. thinking this only keeps me away of this sites with high payout minimum. Also most of the ptc go scam after a few months and how can a site keep such high payout which one may be scary of accumulating within the life of this ptc site.
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I personally do not have any account with this site but I am thinking to open one looking at the addition cash generating benefits that we get in addition to traffic to our websites. The rates appear to be good but I am worried whether they will really pay me when I request a payout so before joining I will wait some days to read more reviews of the website here.
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This is a good site to get some traffic without paying anything for it. We can also make some money by surfing and the minimum is 3$ to withdraw which in my opinion is quite hard to reach. However earning is an additional benefit besides the traffic we can generate for our websites. if we devote some time and get a few referrals it will be a good experience on this site.
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Since this site has a low minimum investment of 1 $ we can try it with a small amount like 10$ or 20 $ . This site is good to look at but the hyip sites give us high returns and for this they venture into risky investments like scalping and gambling. One cannot be sure to earn high returns in these risky instruments every time and when they lose, they just wind up their sites. easy and good na for hyip sites.
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How to Choose the Right Leverage in FOREX TRADINGX Trading
PROPENSITY100 replied to rony's topic in Forex General Discussion
I think this is a very good question and the answer to it is simple. I use high leverage when my deposit is small and lower leverage when my deposit is big. while scalping I use more leverage and keep my deposit low. when you take more risk and expect high returns keep the leverage more but the deposit small. With small deposit of about 50 $ or 100 $ and high leverage of about 1.1000 or even more and using scalping we can do wonders. However in news driven trading leverage should not exceed 1.200 and the deposit should be more in order to draw consistent returns from Forex. -
What is the Best Currency Pair in Forex?
PROPENSITY100 replied to reyah's topic in Forex General Discussion
My favorite currency pair is eurjpy because it is very volatile and a correct decision can do wonders. However every trader can have his or her favorite pair but In my opinion its better to chose a few currency pairs and pay more attention to them instead of looking at all the pairs. I prefer currency pairs with lower spreads like eurusd, gbpuse etc since these allow us to hedge in adverse situations more easily. -
Deciding when to buy and when to sell determines weather an order will be profitable or at loss. This is the art which requires the real skill and experience. One should use the technical and fundamental analysis in determining when to sell and buy a currency pair. Technical charts and deviation theories can help us a lot in this. We should consider the resistance and support and pivot points while determining as to when to buy or sell.
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Profit without risk cannot be a reality. so I think a trader should accept the risk if he wants to make some good fortune trading in Forex. However this risk can be minimized if a Forex aspirant makes necessary efforts to learn about Forex and its strategies. Greediness is severely punished in Forex trading so we should keep ourselves and our strategies free from greed. Disciplined trading can bring about wonders in the long run.
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I do not think continuous daily profit is possible, Losses in between are inevitable. Profit without loss in Forex trading can only be a good imagination but cannot ever become a reality. However the attitude one shows towards his loss is what separates the winners from losers. A successful trader always utilizes his mistakes to learn from it and avoid its recurrence. Proper learning and applying our skills helps us to maximize our gains and minimize our losses.
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Daily profits without losses in between may not be possible however earning 200% or even more a month may be very much possible. The greater returns we expect the more risk we have to take and So I am satisfied with 100 % returns every month or a little more. this can be achieved if we have good knowledge and money management skills. Diversification helps us to reduce risk.discipline is of utmost importance in Forex trading otherwise we may end up in a pit of loans.
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Mistakes That Forex Traders Make
PROPENSITY100 replied to ellliottt's topic in Forex General Discussion
Thinking that Forex is an easy source of money and starting to trade without learning much about Forex is the greatest mistake that people do. We should step into Forex trading only after we acquaint ourselves with its basics. we should learn about Forex and its various strategies before starting to trade. Another thing to be careful while trading is to avoid greed. History has proved that greedy people who think Forex can easily multiply their money in a short time are severely punished. We should first ascertain our skill using a demo or contest account and considering it only we should decide or expect the returns. -
Choosing Gold or Currency Pair in Trading Platform
PROPENSITY100 replied to luke1's topic in Forex General Discussion
Over the past decade Gold trading has become very popular and many people are flocking to gold as it provides a safer and good source of income. However I prefer trading in major currency pairs like eurusd, gbpusd and eurjpy because the spreads in these pairs is quite low and many brokers charge huge spread in Gold. I usually allocate about 10 % of my portfolio to trading in gold for diversification purpose and also because I think gold is much safer mode of investment..Trading in gold should always be long term and with patience. One should avoid short term trading or scalping in gold. -
A disciplined trade can make much out of trading in Forex. A person should have certain qualities like patience, emotional control and discipline in order to excel in Forex trading. Once a person acquires this qualities he can take necessary steps like learning more and more about Forex in order to become successful in Forex. We can become a successful trade only gradually with time and only if we can learn From our mistakes as well as from experiences shares by other traders. Forex is not an easy business and it requires much knowledge and patience to make a fortune at Forex.
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Forex market is extremely dynamic and potential. It will continue as long as humanity exists and will only become more stronger and widespread with passage of time. This is indicated by the huge daily turnover of about 4$ trillions per day in Forex trading. More and more people are becoming aware of the limitless possibilities with Forex trading and are getting attracted to exploit its huge potential. With sound knowledge about Forex and trading strategies one can generate good returns and obtain financial freedom through Forex trading.Forex can be a money generating machine in the hands of disciplined and skilled trader. With its huge potential Forex can only become more stronger and widespread.
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In my opinion Forex is much more preferable to Hyip because of many reasons. I have listed some here 1. I have not yet came across a scam Forex broker while rarely we can find a genuine hyip site. 2. In a Forex site we have control over our funds and can manage risks according to our risk bearing capacity. 3. Withdrawals from a Forex site are usually much faster and more reliable 4. A hyip site trades with funds of other people and in order to make more money in a short time can take huge risk with the capital
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How many pips is your daily target?
PROPENSITY100 replied to andry777's topic in Forex General Discussion
My target for pips depends upon the market conditions and the trading strategy I am using. When my investment is small I usually do scalping with high leverage and try to capture over 100 pips in a series of trades which would come to around 5 or more in a single transaction. However when My trade is news driven I keep the leverage small and do not compromise anything less than 50 pips. therefore I am always flexible and try to adapt to the market conditions.