pepy

All traders are able to gain extraordinary profit or vice versa. The possibility of those two exists and so do daily profitable trading. The amount is various but to keep this thing to happen every single day is not an extraordinary feat. There are a lot of traders who failed and only few can do it but there is no single one that able to do it continuously up to now.

This is actually a personal question which leads into the discussion thread. Well to some people view it should be reinvested, but if you want to taste your success it is okay to withdraw all of the profit you got until you reach 100% ROI state. After that, you can keep re-invest but the basic thing is still you make sure to get ROI first before expanding your account.

Hm so quota is the problem and it seems that it is some kind of shady request. Having bonuses usually doesn't require that kind of quotas, it based on how much money you invest or from the forum that affiliated with the broker you are now using, moreover the bonus is not withdrawable, only the profit which withdrawable.

You can control your greed or other emotions by keep trading, and it doesn't have to be in your broker. As long as you have real account and a honest broker which doesn't against your trading position. Next, it is matter of time just spend more time to trade and each time there is an urge to trade greedily stop and restrain yourself.

I don't know if that is very easy but sometimes the market is so crazy i mean it is not very easy to know the right time to open a position, right? Sometimes we also make a prediction based on the indicators which already following the rules but the outcome is totally different and this is out of what we expect which make the uncertainty in forex is the hard part.

Positive slippage without doubt I do wonder why people want to get negative slippage, the only thing which coming up into my mind is that trader want to destroy their account as fast as possible. For positive slippage means more profit for them which could boost their overall profit from forex. But this condition is hard to realized.

Forex is quite tricky, it is not that hard but not that easy. It is hard to undestand from that point of view, but one thing that i know that forex is risky so when take a decision we must have a clear and fresh mind. I could say earning money in forex is tedious job, but once you use bigger lot size, it is actually pay off for developing countries resident.

The first and the only way to make money is by investing in forex and trade it. Well there is other reason too, which is the flexibility of foreign exchange, 24/5 trading hours. Between those time you can trade anytime you want without non stop which is why some people see this chance to employ machine/robot to work for them.

@myregister But use your own mind clearly when embracing the risk, it is very risky to embrace the risk without even knowing how to surpress that risk to the tolerated level. In my case, the best way is by trade with proper lot size, the less we spend of course the less we lose, but the less we get from that trading too.

By having a control over trading will help traders around the world to get better understanding about foreign exchange and how it works. It also give us more chance to limit the risk, automated trading aka utilization of Forex robot won't make us understand but it still able to generate some nice profits for us.

Very possible in this scenario but not for very long period. But it is quite hard for newcomers or even as veteran traders which have limited resources. If you want daily profit for extended period of time capital and a careful strategy is needed, the target is make sure to secure profit with less loss. Utilizing more than one strategy to cover loss or to keep profit if possible.

good trading psychology means that we trade as we don't have emotions. You know like all of your action based on the indicators you choose, well it still means you have emotions.. but you don't have to depend on it. This is what i said as the one who able to trade and have a good psychology.

I think we need some kind of step by step how to do that. It is hard to make a correct step if we just talk about the general opinion about how to be a succesful trader. The main point here is quality, so trader must have a good vision of how they become a good trader, not as soon as possible but as effective as possible is the though we should have.

Pretty much make a sense. It seems like we are trying to find the positive thing from this so called negative emotions, like fear which help us to control our trading making us more realistic when we are seeing the trend, however controlling emotions is not easy my friend, lots of training and the pre-condition we need to meet, and it is depend to each traders.

Fixed spread is fine to some people, right? It is the matter of choice, but yes i agree with you that floating account is the best account as it reflected the real market which means there are very less chance for broker to scam our trading, also this is more make a sense since the difference between price is fluctuated each seconds.

News is one of the best and not the best, technical indicators are fine too and i think you've never try that before, right? Sentimental indicators also pretty good indicators based on the real time data. Fundamental aka economic news indicator are good but sometimes people irrational and render this strategy obsolete.

We talk about earning not learning, moreover learning process in forex is a long process since almost trader will earn while learning. Back to the topic, to say forex is easy actually not a good way to say it. Forex is pretty hard especially when estimating the price movement's trend. It is not just by guts and also even you have an accurate indicators you still have chance to lose your cash.

LOL master the unpopular pairs? For how long? That is better if we become an efficient trader and trade with popular or major pairs which are easier to understand and if you compared it to unpopular pairs the cost is low(what i mean is the spread is relatively low in almost any trading's case). Also Popular pairs have a lot of indicators to support.

Of course everyone want to use a broker service which offers low spread, because it means with lower spread a trader will be able to lower the cost thus lowering the risk at the same time. But above those all, it is better if that broker is honest one and well regulated rather than just low spread broker, if you want true low spread broker try ECN based broker.

But please take the risk intelligently and with a proper plan before take a risk. If you do it carelessly i am sure that your account will be destroyed and one thing that i can be sure of that you will get a big hit on your mental. It is not easy to trade even we know that it is risky business, even it is part of it avoid this could be a good idea.

It need some time as long as we able to master it everything should be pretty much fine for a while. I think adaptation is the best answer for this. We could be tough as the situation is getting tough like, only spend smaller lot size after 5 consecutive losses or maybe just trying to target the small pips while our main strategy is a long term strategy with bigger pips target.

Closing a position or Opening a position are crucial for foreign exchange traders. Scalping in this case really need a fast one not just accurate but fast one that could grab even the smallest pips movement. Scalping would be much more profitable if trader know when to open and close and have good and fast internet connection with lower latency to made it in action.

Opening a pamm account is one of the good idea many traders should try, it doesn't need any capital to start as long as you have an account. Or maybe you can start with a free forum which offers balance as the payment, maybe like MT5 forum where many people easily get their capital, it is a good start for newcomers too since free money is relatively easy to get.

Your latest post part is something that i could agree with. People are flocking to this business because it is simply profitable even with the high risk it has. People also willing to risk some of their capital in order to get bigger profit so in the end that is the same, people will flock no matter what. Not all could do it but you will see a lot of them.

Let's breakdown into 2. Floating and Fixed are different thing, the spread in fixed account is fixed but in floating it follows the flow of supply and demand resulting a difference between the price of buying and selling. When choose both make sure to choose the right one. If you ready for bigger risk then choose fixed, it is the broker you face against there.