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PROPENSITY100

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Everything posted by PROPENSITY100

  1. PROPENSITY100
    Yes Following the trend can be great idea and can give us success many times than failures. Following the trend of Forex is an art and it is not very easy to predict the trend because the market may move erratically before taking a particular trend . Many times the Forex moves as if it appears to be tending in the opposite direction then it actually wants to move.
  2. PROPENSITY100
    The art of earning in Forex is achieved through consistent efforts and learning for a long time. We should not underestimate risk in Forex trading and thorough learning is needed before we can even think of making money in Forex
  3. PROPENSITY100
    Any trade that is close within 3 mins can be called scalping. Scalper tend to capture small market movements of 5 pips or less within a short time. Scalping along with hedging can be very powerful and bring great results if done at appropriate time and with good skills
  4. PROPENSITY100
    This was a nice post and connotes that without knowledge and planning it is not possible to make good money in Forex. Its our knowledge and hard work and experience that enable us to make good use of Forex and to recover our losses.
  5. PROPENSITY100
    Yes without planning Forex is similar to gambling and their is no certainty to it. Our trading plans and strategy should give us at least 1 :2 risk to reward ratio or the probability of making profits should be at least 70 % to that of incurring a loss.
  6. PROPENSITY100
    I prefer currency pairs which have low spreads like eurusd, eurjpy, gbpusd. eurjpy is my favorite pair to trade because of its volatility and ability to give unexpected returns if we are knowledgeable and skilled in Forex.
  7. PROPENSITY100
    I think I use technical more than fundamentals in Forex. because I use technical in almost all my trading strategies whether it be news based trading or scalping. Technical like support , resistance bollinger bands etc help us to earn money by predicting the market trend.
  8. PROPENSITY100
    No we cannot ever lose more than we deposit. there are many reason behind this Firstly many traders would then be reluctant to join Forex and secondly the Broker cannot run behind their traders to claim the losses.
  9. PROPENSITY100
    I think even the brokerage houses need professionalism to run their business in profits and without proper money management they may incur losses. Most of the brokers today are hybrid brokers where they try to benefit from the combined use of dealing desk and no - dealing desk.
  10. PROPENSITY100
    Higher capital can give us more returns but we should not forget the risk associated with Forex. When we deposit higher capital and wager it in Forex its also possible that we can lose this higher capital. So I do not think compounding is important but periodic withdrawal of our profits is.
  11. PROPENSITY100
    Actually I am from India and there are no tax provisions relating to profits or losses in Forex and I never submitted my Forex losses or profits to the tax department and neither paid any thought to this. However I think the tax provisions may vary from country to country.
  12. PROPENSITY100
    Yes we need to develop strategies that are simple to understand and easy to apply and avoid too much complication. However regarding a single strategy working every time is not possible because all strategies fail at some point of time and we should keep our mind flexible and focus on developing new strategies and plans as we learn more and experience more.
  13. PROPENSITY100
    While choosing a Forex broker we should give prior importance to the safety of our funds and choose only regulated brokers. Other factors we need to consider are spreads, time for withdrawal, time of order execution and slippages etc
  14. PROPENSITY100
    Yes it takes continuous efforts and practice to become successful in Forex business. Forex is not a place where any layman can enter ,quickly make some money and exit. It required knowledge hard work and skills to endure in Forex and make money from it for a long time.
  15. PROPENSITY100
    I think Forex is nothing better than gambling for a person who does not dedicate time to learn Forex and its various strategies. Its our knowledge, practice and skills that makes Forex a better place to earn than gambling.
  16. PROPENSITY100
    The lot size we should trade should depend upon the estimation of the certainty of the trade. We should never enter a trade unless we sense an earning potential of 1 : 2 risk reward ratio. We should never open high lot sized orders simply with a view to earn more and quickly.
  17. PROPENSITY100
    Putting too many indicators can make studying the market a complex task. We should always keep it simple to understand and easy to apply. I prefer using the daily and hourly charts.
  18. PROPENSITY100
    Scalping is a technique of simultaneously opening and closing orders quickly usually within 5 minutes with an intention to capture a few pips. scalping is best when there is no major news in the market and when the market is sideways.
  19. PROPENSITY100
    yes some losses are inevitable and also help us to improve ourselves and our trading skills. Its our response to our losses that makes us a winner or loser in Forex. We should takes our losses seriously and review our skills and rectify our mistakes.
  20. PROPENSITY100
    Though robot have a major advantage in Forex trading that is, it is not influenced by emotions it has some disadvantages too. Forex robots cannot make corrections and does only what it is programmed to do and hence cannot take quick corrective actions when needed.
  21. PROPENSITY100
    Yes i think it can be financial beneficial if we open more than one account in Forex in a broker or even with different brokers. Many brokers offer good welcome bonus and this is a great opportunity for us to exploit while trading in forex.
  22. PROPENSITY100
    learning money management is essential in forex business and also everywhere else. We should diverisy our investments and invest a part of the profts in safer instruments like bank deposits, insurance etc
  23. PROPENSITY100
    Forex market is open 24 Hrs a day and five days a week does not mean that we should also trade 24 hours and five days a week. We should have planning and trade only when we see an opportunity in the Forex market.
  24. PROPENSITY100
    I prefer trading ourselves rather than depositing money in a pamm account and choosing a trader to trade for us. I cannot rely on any one else other than myself for my hard earned money. In personal trading risk management can be better implemented.
  25. PROPENSITY100
    No matter how much we learn Forex and how good we become in it we cannot remove risk from Forex and make it risk free. However with good learning and practice we can reduce the risk and make it more profitable by increasing the probability of winning.
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