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Everything posted by boniez
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Forex Support and Resistance Indicator Explained
boniez replied to dhanpreet's topic in Forex Indicators
Bolinger band line is suitable to determine support and resistance, but I think it is too flexible, so sometimes there are up past the upper or lower band. till now I still prefer using fibonnaci line to determine support and resistance, which i think more reliable regard teh support or ressistance point -
mature plan is needed, such as preparation of funds or daily targets, because it is useful to avoid the occurrence of overtrade or not trading at all.
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Can I lose more than the fund I deposited?
boniez replied to yogeshwartyagi's topic in Forex General Discussion
indeed sometimes there are things like that, I also wonder, what causes it, I guess it was not because of leverage, because if the margin is not possible, then all orders will be executed automatically, perhaps the influence of the floating spread -
I think better not be too long to use a demo account, at least if we are to understand the workings of a platform, then we should direct to a live account, with consideration of using low risk and money management, such using micro/cent account
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5 Things to Consider in Finding the Best Forex Broker
boniez replied to dhanpreet's topic in Forex General Discussion
leverage level and facilities provided are not to be a major factor we choose a best broker, what matters is the outstanding service and reliable from the point of view, I believe a broker with a troubled withdraw it will be shunned by many traders -
Eur-USD - Finding it difficult to hold above 1.45
boniez replied to yogeshwartyagi's topic in Forex General Discussion
currently EUR/USD was sideways move, and it may be awaiting news for having a large movement, and this seemed a good time to do scalping strategy, -
Well, of course I always hit the important point, because after all, if we only are in the demo account, then it is impossible to make a profit, so they should with real, although getting a little profit there is something important that we get
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all the results given by a robot was vary, depending on the strategy, so we not only see one side only. therefore better if you want to choose a robot, then better, see results of the trade or rating them first
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well, that's what we are to each other in the forum discussions, so that we can ask for help from others who are experts in the case of MQL coding, to do it, so although we are not experts in that regard, then there are other assistance to help us, mak auto strategy, based on own
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When is the best time for you to trade?
boniez replied to tprhzm2009's topic in Forex General Discussion
I also recommend to trade in the pair that have a high daily range, because it is a suitable pair for our trading, but still we must avoid if there is important news, to avoid margin call as well -
essentially we would not have improved when trading when using the robot, because after all, because as a whole is not we who seek to generate profit
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Welcome bonus by brokers - Make guaranted money
boniez replied to yogeshwartyagi's topic in Forex Newbies
its mostly happend if you use the welcome bonus, then our psychology is not too used up, so that money management is not applied properly. but it's actually beneficial if we utilize the best by the bonus -
Whats the Difference of Trading Mini Lots Vs. Full-sized Lots
boniez replied to abdulla1's topic in Forex Newbies
trading with large lots that are very dangerous, if you use a little money capital so it is not recommended. especially if they are beginners, who have not trained in money management, may be destroyed -
well, because if we carelessly in managing one's investment money, it will be a lot of loss and may complain of a person whose money is invested
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I think almost all brokers have the PAMM system and, not much difference between one and another. so far I still hesitate to choose a trader who deserve to be my partner anyway
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well, actually we do not have to always be loss, it is only used as a measurement we do, it is still good or not the quality of our trading. though actually I do not expect to loss at all
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most leverage is set when you first open an account, so I guess it is a standard 1:500 to invest in small funds. I think exactly the size of lots that must be considered when opening an order
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well, sometimes they as beginners still do not have a good and correct analysis properly, so it is still too prone to apply, but I guess it does not matter as long as it is still in the learning stage
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I also think that by cent account then we will be better trained in mental terms, compared with a demo account that it is better, although we must give up a little money
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I also almost a year to learn forex, but still not able to produce good amount, I ever did withdraw as much as one-time, while others hit by margin call i guess all depend each other understsnding
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sometimes a bit annoying if you do scalping, but wrong prediction, it will usually lead to long-term trading. so we better use the scalping trading when prices move sideways
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to me like a long-term trading or swing trading intraday serve as a backup if at any time while in the short term subject to any prediction
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Do you think compounding is important?
boniez replied to andry777's topic in Forex General Discussion
compunding very beneficial if we are able to use it properly. but it would be very detrimental if we do not know how to earn income properly, so that depends on us, each one -
indeed, usually if the current floating loss, then our psychology will be disrupted, so that makes us want to immediately close the position. yet it is very harmful, if our analysis is not correct
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How many lot size that you use in trading?
boniez replied to andry777's topic in Forex General Discussion
use a lot with the size like that, it is very safe because the defense is stronger margins than large lots. but please note that the profit generated will also be equal as the lot sizee,, lol