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Everything posted by uncle gober
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forex is a good business for the students
uncle gober replied to davils9's topic in Forex General Discussion
A student can be a trader, he does not have to sacrifice study time, forex can be studied in his spare times, and the exercises can be done by using a demo account. Of course we do not expect a student to become forex master instantly, because they still have to focus on education. Start studying and practicing forex since be a student will be very useful when a student is ready to pursue the world of forex after their education is complete. Because at that moment, science of about its forex already quite a lot and experience which in can during undergo while school are also already enough. -
How Long Do you spend in Trading Fx Daily?
uncle gober replied to Aikhen's topic in Forex General Discussion
basically, I have lots of time to trading in my broker ( Armada Markets ). but I am not always stay in front of monitor to search trading opportunity. because I am not an scalper trader even my broker is the best place for scalping with lowest spread and commission. I am chasing profit from trend movement and apply day trading and swing approach as my main trading technique. it make me trade once per day or even for few days. depend on market situation. -
Basically forex trading is very simple, just the buying and selling of different currencies, but to be able to get the results of these activities a trader require a strategy that can minimize the risk of forex trading which is quite high. For beginners traders, it is recommended to use a demo account as a means of finding and training a trading strategy before using a real account.
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Do you think compounding is important?
uncle gober replied to andry777's topic in Forex General Discussion
depend on traders, when they are thinking that they need to compound their profit, they can withdraw it half. however, if they are consider to increase the capital, usually they are let the profits keep in trading account to enabling them to use higher margin per trades. or when trader use high capital already, probably they will withdraw all the profit. -
Same here they are typically both needed in forex trading. Since when we can have skills if we don't have experience and what we will have if we gain experience. They are sort of stages wherein the first we go through is experience then we go on skills. Currently I am participating in Armada Markets demo contest and link to improving my experience and skill
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Psychology of a trader in the Forex is to determine the results to be obtained, especially emotions. That is why we should be able to control your emotions when trading. Do not be easily lured by market movements.
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Do you think compounding is important?
uncle gober replied to andry777's topic in Forex General Discussion
For a healthy earning a good capital is needed. It would be better to not withdraw all the profit every month and increase your capital regularly. A good money management is also important to increase your capital. -
How Long Do you spend in Trading Fx Daily?
uncle gober replied to Aikhen's topic in Forex General Discussion
About my own, I am not a full time forex trader, but i have to spend most of my time on my work in the daylight, so i just spend less than three or four hours on forex per day, now i choose long term to trade, so there is no need for me to sit in front of screen. -
How to Choose the Right Leverage in FOREX TRADINGX Trading
uncle gober replied to rony's topic in Forex General Discussion
As far as I know forex trading has substantial risk, the size of the risk can be seen from the leverage used, the greater the leverage used, the greater the risk, but the greater the risk, the possibility of profit would be even greater. For myself, for my trading, I use the maximum leverage is 1: 500 in Armada Markets, and to further minimize the risk, I always use a stop loss and take profit as part of money management that I use. -
I think the successful trader is a trader who can minimize losses and be able to get consistent profit, no matter how big the profit is, as long as profits can be sustained. Every trader must have a profit target, respectively, and when it was achieved without significant risk of loss, it could be said he was a successful trader.
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Need a good broker with a little spread...
uncle gober replied to LIAPLEBARSEDA's topic in Forex General Discussion
I just suggest the forex broker for smart clients and scalpers. why i say that, because Armada Markets give the trader spreads as low as 0. that spread are suitable for scalpers and for the long term trader give more advantages -
We must keep learning and improve our trading skills. There is no easy in forex trading. But if we do not try and effort, we will not get success in forex trading.Now I'm trying to increase the knowledge of forex trading by using a video tutorial of the broker that I use now
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Whats your Forex trading goal.
uncle gober replied to PROPENSITY100's topic in Forex General Discussion
My goal for trading in this business is for me to be able to make profit from my tradings and be able to take care of my needs. I like forex trading because I can make very little money from my trades which I can use to buy small things that I need. That is the reason why I think that it is the best online type of business. -
Learning is the most important element in forex. if you would like to do better in forex, you must need to learn about forex clearly. without learning, it is quite impossible for you to do better in forex. so you should need to learn from the beginning of you forex trading and i believe that a forex trader is a learner for all times. Now I'm trying to use the best money management. I tried to apply it in your account welcome bonus of 15 euros on Armada Markets
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Each broker now provide demo accounts for traders so that traders can learn and know the performance of the broker in question. based on my experience using a demo account in Armada Markets, the demo account is very useful to learn and improve trading skills that we have.
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Leverage makes trading that we do to be a loss or gain depending on how we exploit the use of leverage. My experience in Armada Markets, using 1:500 leverage and a minimum deposit of 100 USD, will be very useful if we use a lot 0.01
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soo many brokers, and I want to pick one :)
uncle gober replied to Sara888's topic in Forex General Discussion
Each trader has different options in choosing a broker. I chose the ECN brokers also provide low spreads and commissions. I chose Armada Markets because these brokers provide low spread of 0.2 pips on EUR/USD. -
Need a good broker with a little spread...
uncle gober replied to LIAPLEBARSEDA's topic in Forex General Discussion
I now use 1:500 for trading in Fleet Markets. I think, regardless of the leverage that we use should be useful to use the appropriate lot when trading. to know the spreads and commissions by brokers, we can see in forex broker spreads comparison -
I also use manual trading, because I think it manually trading provides the opportunity for us to train the analysis that we will use. therefore, now I am trying to try the best analysis that I use for the contest demo account. Demo contest are great to learn trading and you will even get a prize if you are successful. Currently I am participating in Armada Markets demo contest and link
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Whats your Forex trading goal.
uncle gober replied to PROPENSITY100's topic in Forex General Discussion
The purpose of trading I do is get to the maximum profit. I tried to trade with the best system I've made. I tried to survive in the forex business while continuing to work to improve trading skills which I did by trying to enter the contest. one of the contests that I follow is on demo account contests Armada Markets -
Few Tips and Advices To Get Started With Forex.
uncle gober replied to spywww's topic in Forex Newbies
emotional control is mandatory because it is one of the psychological factors that must be carried out when trading, when we're emotional, we should leave the trading we do first. The thing that I run when trading in Armada -
I agree, the account is useful to test and learn about forex trading. psychological trading it will not be too influential in a demo account. demo account should be adjusted to the real account that we will create. The thing I do when opening a demo account at Armada, by setting the balance and leverage in accordance with which we will create in a real account
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Importance of Demo Account/virtual account in Forex
uncle gober replied to abdulla1's topic in Forex Newbies
Demo accounts are very useful because we can perform testing of trading systems that will be used without the need to spend money. I like to do trading using scalping method, especially when the Asian markets are relatively small movement.- 751 replies
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- forex virtual account
- forex demo account
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