pepy

You mean not switch it, right? But to switch from that broker. Also when reputable broker do something like that there are bigger chance they will lose their place and done. Especially broker which have regulation from strict regulators.

Scalping is really good for newcomers who want to get fast profit and in relatively short time. The risk is still high since it means fast profit and bigger risk considering the use of higher leverage that mostly some traders prefer. Usually, scalpers have low profit rate but high loss resistance which cannot make a healthy profit ratio.

Not all people want to use it because it lacks of self control, and it is understandable because stop loss is the automatization for manual cut loss. Basically, SL is automated cut loss, a good feature because it will help us to control the emotion for want to close the position now or later even actually the price passed our loss limit.

Practicing is a must, in a risky business such as forex people can easily swayed by their own emotion, and also their biased judgement. To control the risk a trader also need to learn how to manage the risk itself by applyin a proper risk management since it will reduce most of the risk to its lowest level.

If you want to maximize the profit by scalping, aside from your profitable strategy there are several things but one of the most important is to close the position as soon as you get reasonable profit. Small profit is what traders after for. If you have small amount of profit you can make the difference and profit is better than loss.

If you want to maximize the profit by scalping, aside from your profitable strategy there are several things but one of the most important is to close the position as soon as you get reasonable profit. Small profit is what traders after for. If you have small amount of profit you can make the difference and profit is better than loss.

First it should be education and then experience. When you are experiencing something in this case trading you will get both knowledge and improvement from your own skills. That is a bonus for experiencing trading, education doesn't make you experienced it is just make you have a set of knowledge, but it is an important first step to understand about forex.

LOL freelancer or not in the end they are doing a promotion for traders. Back to the topic, discipline still one of the most important thing for trader. It is one of the core that if all traders try to see will able to make different from one trader to the other trader, i think it is not the most but one of the most important thing for fx traders.

Yes, i did that and it is not really like surprising situation to me after i know that actually humans really overestimate their own skill. This is hard thing to solve, i do recommend that a trader keep trading and that is the only way to reduce this kind of mistake.

Flexibility of forex is the big winner here, a lot of traders make a lot of money because of that and people jump into this business more after learn about it is because forex's flexibility. You can trade at anytime you want, just suit yourself and start trade the pair and the the trading hours you want, you can see even trader's like scalpers who don't take into trading hours so much.

Factually that is not a gambling, that is just a business, people who treat it as gambling or see it as gambling because to some people speculation or buy low sell higher means gamble, especially with fast paced business such forex where everything seems connected to each other through decentralized and internet.

High risk business will be popular no matter what, why? Because of the return. Take for example, bitcoin. The price surge to another level and there are still more people put their time into it. The same like forex. It is a lucrative business and people love it because its high return despite of its high risk.

Depend on education? Elaborate more please and correct me if i'm wrong, but you will get this kind of education through practicing. Just know about forex is different to proficient traders, who know why and how to react to the situation in real life trading, this is why i must admit scalpers are good because they can combine education and experience into one bowl and the result is fast thinking reaction and prediction.

I think that Tickmill is one of the broker out there which accept the trading with Bitcoin. Considering that BTC's remarkable surge in value, they are doing well with treat it as commodity and it seems it will be available just like other forex assets for 24/5. It seems have a strong liquidity and reliable execution based on the claim of Tickmill, less complaints found so far.

What is this science thing you are talking about, friend? Promo and so on, seems like out of the topic. But just for you to know mentoring is the one we discussing here, and how necessary that for traders is depend. Not all traders especially self-taught trader see this way is necessary but without doubt it is more guided and effective yet efficient, the growth will be faster.

For what? So you can lose your money again? It is not good for the sake of what people look to you. I don't trade everyday because i think momentum come when high impact news announced. It is good to know the right time to trade instead blindly trade everyday, unless if you have enough capital to cover your lose and just have small target.

If they don't know how to control their income they are not fit to be trader. Forex trading surely affect some trader's personal life from good to bad. Maybe people become more aware with the money or some of you maybe become more strict on how you spend cash for something that you want to buy monthly. Bad or Good, that is all depend on you as trader to choose, and it's better to discard the bad effect of forex from your life.

I think that is up to the trader's opinion of what they called as good strategy or not. Earn $1000 daily surely achievable for some traders but for the others, no hope because they lack better strategy, a better risk management/money management, and lots of capitals into their own account. If you have those 3 $1000 per day maybe not really a bad idea.

To understand the concept it is not really difficult thing, and i think that you can do better in few days. But the profit is lower and only depend on interest rate. You must trade with bigger lot size in order to get bigger profit, to trade with smaller lot it is not worthy and of course, with bigger lot you need bigger capital to hold the position.

LOL this is why i try to choose a well regulated broker and not an unregulated broker, the chance of them to be like that is higher when unregulated. No dealing desk is also a good option but not all NDD broker are regulated and usually scamming people, this is why regulation is important.

If you able to make consistent profit per month it is not wrong to do compounding, some traders doing it and you basically don't have to spend from your own pocket to make your capital bigger and to be able to get bigger lot size, it is pretty simple yet powerful, basically you delay your gratification(withdrawing the profit).

Damn, that is too harsh but you know working in some companies like that as trader really take a load into our shoulders. Not an easy job especially when it comes to increase our profit in uh... unrealistic way, i know asking for more trades could be realistic or unrealistic depend on the condition, but it is better not to foce when we don't have enough 1st skill, 2nd capital/money.

Talking about the nature of forex, yes it is risky business not all can cope with the risk and leave this actually lucrative if only patience included inside. But forex can be a short term things, that is what i want to say like scalpers, right? Do they use turtle trading system? Nope, they quickly open and close the position but of course with some preparations before.

Yes, they surely will do something like that and it is the truth, contest is all about competition but when you able to make more profit than others it means you are getting better. As for comparison, it shouldn't be as your own parameter to see that you are good enough or not you can use others aside from comparing yourself with the other big traders or more successful trader. Anyway, i agree with that building plan, you can get a new idea or better insight when build a plan from comparing your performance with the others.

Well, short term gains as in scalping means or other short term strategy is acceptable but they don't see their whole career as short term that is why they want to get just small profit per scalping and try to repeated it few times rather than trying to do with bigger lot size.