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Everything posted by uncle gober
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I personally think that at first, forex involves hard work as you study and practice on principles of proper trading, after you get skills it becomes smart work as the only thing you need to do is wait for the right trade set up and trade
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Those who lack knowledge,skills and experience for real Forex trading can get it on demo account it they want to choose Forex as a career. Those who don't think it would work out for them can leave right away during practice in demo account. The advantage of demo account is that newbies don't have to incur losses while they can get actual flavor of real Forex trading.
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in my point of view forex is smart work and also profitable business and forex is a life changing opportunity but if trader has good knowledge and experience then forex is best business for those traders and also a smart and talented business i love forex trading and forex earning
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Welcome bonus by brokers - Make guaranted money
uncle gober replied to yogeshwartyagi's topic in Forex Newbies
It is in benefits of trader if they can use it according to the terms and conditions. Usually terms are strict ,with some good experience traders can do trading with welcome bonus 15 Euro not using their own amount in trading in this way they are getting free practice of real trading as well as some profits too. -
Actually we can not completely eliminate risk in trading. there is nothing in this world that gives money that does not have some element of risk in it. no matter how little there is still that risk. the only thing is that we shouldn't increase the already existing risk but try to reduce it to a point where it is worth trading and one of the effective way to do this is by applying good money management such as trading with a lot size that would not drain our account when we loose, opening few positions at a time in the market and so on.
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I use a broker that offers a demo account. demo account is good for traders who are new in forex. They can get trading experience using demo account and it will help them when they use real account. I think they also should try trading using real account to test their psychology, because when we trade using demo account, our psychology is not be honed, in fact they are traders who are failed because they did not have good psychology. welcome bonus 15 Euro from Armada Markets also can be used.
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I do agree that much has to do with psychology than anything else, if you are psychology prepared you will be able to trade without fear and greed, and if we can control our mind status while trading then will be able to concur Forex and make more money trading.
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"Experience" How much important for trading ?
uncle gober replied to mirna ahmed's topic in Forex General Discussion
Experience is very important in forex business for get success in market.It is very nice earning system for those people who have serious in forex for earn money form the trading system.without skill and confidence success is not possible in forex business. to add to the experience, I use a demo account contests. Currently I am participating in Armada Markets demo contest and link -
Welcome bonus by brokers - Make guaranted money
uncle gober replied to yogeshwartyagi's topic in Forex Newbies
beginner trader can use no deposit bonus to test psychology because it cant be tested using demo account. We should no deposit bonus as well as possible. And don't despair if we cant make profit with no deposit bonus. The most important is we can get trading experience using no deposit bonus. Try to use 15 EUR welcome bonus from Armada Markets to get real trading experience. -
demo account is good for traders who are new in forex. They can get trading experience using demo account and it will help them when they use real account. I think they also should try trading using real account to test their psychology, because when we trade using demo account, our psychology is not be honed, in fact they are traders who are failed because they did not have good psychology. 15 EUR welcome bonus from Armada Markets also can be used.
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well in my opinion I think in business we need to work hard to get satisfactory results without hard work because we will not get any results keep learning and trying to get what we want is a positive thing in my opinion. Currently I am participating in Armada Markets demo contest and link
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Psychology in forex trading is one of the most important things that must be understood and carried out by the trader. Many traders are successful because they understand about trading psychology and many of them also eventually gave up and lost because they underestimated. So for those of you who are serious about investing in forex, forex psychology must be understood correctly.
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Demo trading is the right place to start trading and learn for beginner. I also started trading in demo and it's very helpful for me because i get trading experience which i can use to trade with real account. Until now, i also use it to test my trading strategy and to take part in demo contest. Currently I am participating in Armada Markets demo contest and link
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How Long Do you spend in Trading Fx Daily?
uncle gober replied to Aikhen's topic in Forex General Discussion
I always decide which market i want to trade. If my trading strategy is not suitable for the day then i do not trade. Before trading, i spend more hours learning about the market i choose. I also surf the internet and read articles. I try to find out as much as i can about my preferred market and try not to overload with so much of information. I continuing gauging the quality of the day in terms of my strategy and from here i will decide whether i should do an aggressive or conservative trading for the day. -
"Experience" How much important for trading ?
uncle gober replied to mirna ahmed's topic in Forex General Discussion
Trading experience is very useful to improve our trading skill in forex. We should learn from our trading experience, so we can make our trading skills be better. We also can learn from other trading experience, such as experience from Trader of The Month in Armada Markets. I also learn from their experience to get lesson and make trading trading skill be better. -
Forex is a hard work. But it is smart too. For a good trader it is a smart work but for new it is very hard. After gain learning knowledge new traders can make it like a smart work.
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Can you really trade without emotions..?.YES
uncle gober replied to showrov1993's topic in Forex General Discussion
important if traders get used first with the pressure and risk. if traders know that they deal with loss result and accept it, easy to them to be discipline in trading and reduce emotions take control over. traders need to have strategy and risk management plan too which able to give them guidance in trading. and thus, they'll not rely on luck or guessing in make trading decision. -
why some pairs moves so slow?
uncle gober replied to ermaniso2011's topic in Forex General Discussion
Each pair in Forex market has its own nature. There must be different volatility on every time. Major pairs may move faster than other pairs. And cross pairs may move slower. The reason behind this should be a logical reasons related to correlation. I like to trade in London Session and when the high news will be release -
Virtual and real trading in Forex
uncle gober replied to dennypiyu's topic in Forex General Discussion
Technically if you are success in demo account you should be success in real trading since there is no different in demo or real trading (both uses same charts). If you have adopted a successful strategy in a demo account you should succeed in real account as well. But i guess people fall due to psychological factors. either you are more careful or careless when trading in real account. And another thing is that you have to consider your trade volume respective to the investment (normally demo account give you 2k-5k to trade if your investment is less than that you have to consider the ratio and adjust the volumes according). after that we can using a free money from a broker. i am using welcome bonus 15 Euro in first time to open a real account -
How Long Do you spend in Trading Fx Daily?
uncle gober replied to Aikhen's topic in Forex General Discussion
I only spend few hours a day. depends on the market situation. If the market goes side way I usually spend more time online hoping I can spot a breakout. But if the market is going strong bullish or bearish at least I know when to open a position and when to make good profit. I do hope that in every three weeks I can make good profit in forex without any problem at all. This is what I'm trying to focus right now to trade in Armada Markets -
How to Choose the Right Leverage in FOREX TRADINGX Trading
uncle gober replied to rony's topic in Forex General Discussion
the best way to determine the appropriate leverage in forex trading should we look at the amount of capital we have first and we also look at the ability we have so that we can determine what we will use leverage in forex trading, if we only have a limited capital then we should use the leverage 1:500. now, i am using this leverage in my broker ( Armada Markets ) -
soo many brokers, and I want to pick one :)
uncle gober replied to Sara888's topic in Forex General Discussion
We should choose broker which provide convenient service. And do not forget choose regulated broker so our fund will be secured. I choose Armada Markets for trading in forex.I feel comfortable trading with this broker. and i try to maximize what have been provide by this broker to get more maximal result. -
Can you really trade without emotions..?.YES
uncle gober replied to showrov1993's topic in Forex General Discussion
I think trading without emotions is possible , but not for every one , because it needs some experience and special skills , may be it is available for professional traders only. Now I'm trying to implement a money management in the contest demo account.Currently I am participating in Armada Markets demo contest and link -
How can you develop skills and how can you develop experience? I only have one thing to say. You read all the books about forex and you can develop skills, You can pass all the exams about forex if you read books and study. But no amount of study and no amount of certificate can give you experience. Its the actual trading that will give you experience.
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Is it easy to earn money in forex?
uncle gober replied to lollabun's topic in Forex General Discussion
of course if we do not have knowledge and skill in trading then our results will not be maximized. now I try to trading by utilizing a Video Tutorial from Armada Markets. Here we can learn psychology and good trading techniques