pepy

All kind of strategies needs to be carefully planned and executed. Even if that is technical analysis you still can reap bigger profit if you do it carefully. But i disagree if that is better, fundamental analysis also has flaws such as rumors or the market's trap, and have you ever see the market moves against the news' result?

Truth, the experience, the knowledge, the skill, and any other important thing like emotion control will help traders to be a successful trader, but we don't know will that happen sooner or later. All needs processes, and to be a trader for some people is not an easy way. It is a way which fulls with hurdles along the way.

Without doubt, we all can classify forex as high-risk business and that is true but also it hides some potential for traders around the world, with its fast moving market the price will volatile and for someone who able to speculate accurately will get more pips or dollars. See? Despite its risk, there is a huge potential which makes it so popular and it also has low barrier, you want to trade with $10 or $50? That is possible LOL.

Basically, people compound to increase their capacity, i mean their capital's capacity and with this case, they can afford bigger lot size. WIth bigger capital people become more resistant to margin call because more capital ready to be sacrificed. Compounding to some people is important but for someone who's after fast ROI will think it is not.

If you understand the market then use take profit become worthy than before. It is a tool that helps you a lot not to mention there are a lot of traders who gain more profits because they use this feature effectively without having to lose their own capital so much and of course they can save their time and energy with TP.

MetaTrader 4 is best of the best right now, my prediction about mt5 seems wrong. I do wonder what that meta quotes did wrong with MetaTrader 5. All I can see that MetaTrader 4 is consuming less power yet stable and rich in feature. Make it gains more popularity for all kind of traders around the world.

Denial of the fact that we trade in forex because of money, yes we are money oriented. Who wants to spend their time to trade in a business where the income is lower than typical current offline job which is safer than forex? But actually the very first thing is money and then second is flexibility which attracts people to join forex.

I know the fact that i cannot control my trading for 100% when I trade with using Stop Loss but that is convenient feature to me and I am sure that you also love it, right? With Stop loss we don't have to do anything manually anymore, just have a proper plan and you may change your trading to a better trading which is not very tiring act.

Well talking about HYIP and Forex for sure people will prefer forex because it is more realistic compared to HYIP, also based on my view many HYIP is easier to scam rather than a forex broker to be scam. Forex also has bigger base compared to HYIP industry even still labeled as the high-risk business.

Candlestick is just a tool for trader, because no matter what the trading candlestick is only indicator and the latest decision would be you as trader to decide when to open a position and to close it. Candlestick developed in japan but not for forex first, it is for rice trading or commodity trading.

What makes trader different than the other trader is in fact they are pretty much different than others because their skill and their quality as a trader where they cannot easily be overwhelmed by their own emotions. As the result of this difference, you can see that they are able to maximize their own profit and suffer fewer losses.

You must know that forex is a high-risk business thus alternative still needed and besides alternative to foreign exchange such as Stock is also important for someone who wants to make a diversification. However, some traders prefer only one stream of income like you. But for me, if that is really possible investing in stock, forex, or other possible streams of income i recommend to invest there.

Yes, it's all about managing the risk, stop loss is the feature where somebody doesn't have to be affected by their own emotions, they(traders) actually trade with using logic only and no heart involved make managing the risk is easier compared when you are trying to do that thing manually.

Something which i know about that platform is that MT4 an agnostic platform and easy to use. Not to mention thousands of forex robot waiting for you in their store for free or not, and in the other place where the others share their own robot independently. A complete platform for newbies or veterans.

I rarely see any other traders who spend their time in demo account for 2 months and successful in real account when they switch. But i do find some trader that prefer to train in the real account and at the same time earn in real account, i do wonder what is their thinking with that way where the place for train and experimental combined with the place to earn money, very risk way to me.

The opportunity is one of the reasons why people still flock in this business, even there are a lot of scammers around but for traders who still make profit will share their story which makes other traders motivated to keep their trading activities. With such big turnover, i am sure most of us want to put ourselves there.

Yes, that is the big problem in binary scene. Lots of scammy brokers with lax regulation from their regulator, also it becomes some kind of gambling for all traders. The worst thing is some brokers try to fool their clients with a bad risk management, only few that could be seen as good brokers. Usually, the broker which offers refback even if you lose sounds fishy.

Don't always happen but often it could happen. As long as you aren't greedy enough I think most of your trading would be good. As for the take profit feature, i must admit it is one of the best features, like other traders who use it I love it because I can trade with less burden and i can focus more on analyze rather than worry when to close and it is not that tiring when trade with take profit.

I said before that this feature is for someone who is "LAZY" enough to learn. I think this is a good motivation for traders to learn because if they learned by themselves, they mostly lose and discourage themselves. Also following somebody means if that trader is winning, we are happy but if they are losing, we are sad.

See? even by proper risk management we still lose our money here only we just minimize the impact with that way. I correct my stand that it is impossible to erase that kind of risk in forex, virtually we live in forex with the risk and make sure to make more profit as much as possible to compensate all losses we made.

Long term or short term are both the strategy that we are using to reach the end of our needs which is profit. Long term trading, of course, will be profitable for the newbie, if they want to apply it. It also makes trader earn more because its higher pips target which usually around hundred pips per one opened position.

I have been made calculation above, so as long as you able to reach that much then you will be able to make the profit that much, but still that is too high and for small retail traders like you and me, it is simply too ambitious. $100 per day is possible and good enough range for us, in one month somebody will gain $3000 which in developing countries already more than enough.

It seems that the answer for this thread is pretty much clear, that no matter the gains or losses sustained by individual traders around the world, forex brokers make money on commissions and fees, some of them hidden which i actually doesn't like personally and it should be transparent as possible.

So you think that the ability for trader to trade 24 hours for 5 business days from anywhere, near instantly doesn't boost our productivity as a trader? Damn, if only computer has less power to consume, I would gladly to treat is as smartphone where it activated for all those business days. I am talking about immediate access to the market.

Sure ECN is the one where it is acted at the 100% real broker, it is as intermediate between you to the liquidity provider such as Banks or Big Institution which has access to the interbank market. But ECN also have relatively higher fee with its commissions per each trading and usually have FIFO rules where typical hedging hard to do.