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Everything posted by sakai
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In my opinion, it is necessary for beginners to start trading with demo account, you can familiarize the trading circumstance from demo account, and on the other hand, you can test some new strategies in demo account. You can start trading in real account when you know the basic of forex.
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You should not go into forex expecting it to be a short-term solution to their financial problems because they will be disappointed with the results. It takes time, patience and discipline to make a success of forex so your plan needs to be in the long term and involve proper learning and practice if you want to become a good trader.
- 336 replies
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- long term forex trading
- risk in forex investment
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There are many common mistakes; not having a described strategy, inside of each software system is the part of a technique or several techniques. A technique is a comprehensive instruction on what courses you on how to get into your investments. Small actions are essential we must understand to spider before we can move.
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Forex forum Do you think forex forums can improve my trading skills?
sakai replied to flybiz08's topic in Forex Newbies
I see that forex forums do have live trading discussions as well as technical analysis thus we can learn here many things particularly the analysis and we can assure that we will able to understand the basics as we continue to be active in the forex forums thus we can have the bonus to have the real trading.- 456 replies
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- importances
- added advantage
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Is it advisable to trade on all currency pair as a newbie?
sakai replied to flybiz08's topic in Forex Newbies
But, as a newbie, or even a trader, it is not always good to trade on so many currencies here. Because there are too many pairs will give the trader no focus at all here. And then even no profit can be gained here. note; please any mod can make this post and the previous one in one post, -
Well, certainly It won't be the same as we always learn something from forex which we can't do in gambling. So I think it's more profitable to be in forex as well. That's why I just focus in Forex and I don't consider going into gambling at all.
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Well, about me, I think that if a trader trade all day long that the possibility for him to loss is greater than that of gain or profit because staying too much on a trade do result in loss and can be seen as overtrading
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Clearly there are no shortcuts to earn in an unpredictable market such as Forex. As this is the case, the only and the simplest way are to learn and understand forex as much in-depth as possible. This is the most important and profitable way to earn in this market.
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Earning money with forex is really difficult and I am sure that most of people are just quit Forex just because of this reason. First i though earning money with forex will be easy but after entering into Forex i was just wondering to see the risk in Forex . It is not easy as we think and do we need a very good decision taking power to get success in that field.
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For sure having a trading plan is very much important so that we would be able to make successful trading. With out a concrete plans that it would be hard for you to learn Forex trading well. I think you must always draw out a plan.
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I'm sure that in future Forex will be more and more popular. This is great business that can give us a lot of money after all. To be profitable trader, we will always need to improve our skill and experience to trade. This is needed so we will have more choice to face different market movement.
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About contests in market practice, It will be only very useful if that contest is to have many winners but if that is only few who will become winners then, we can say it's more of very competitive contest and not really good to make it as practice. Usually, we have these trading contests as sort of practice since we are in the demo account.
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Actually I see that the money management is actually very important thing to do on the forex business here and then also combined with the Risk management here. So, in this way, if we can do the risk management, at least we can minimize it.
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Actually forex robot is just small piece of codes and it's just limited at that, it need human brain to code and upgrade it in other for it work well, otherwise it just work for certain market condition or even fail to make profit.
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Often demo account is better than real account because in demo account, we used virtual money so we did trading with nothing to lose. We can easily follow trading plan and we could easily to be discipline to use good money management but in real account, we used real money and our psychology will give impact too for result in trading. Sometimes, we didn't sure to open position or close position.
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I think that you can make money from forex but not completely depend on the income derived from forex and we can live better life, never foreget that forex is risky also not to ignore the big profit potential it has and so having a regular job and trading part time may be best option.
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how many ways i can invest liberty reserve money?
sakai replied to cesperlight's topic in Forex Newbies
Well, liberty reserve is only one of the online payment currencies that do it. So, this is just the same like real money, but everything is virtual here. The way to grow our liberty reserve is a lot here. We can do PTC, PTP, Matrix, Multi Level, online business, online marketing, creating online program, even betting and forex. -
Once we start to become too greedy and want to get all the profits out of trades then it would be detrimental for us. Its better to keep on reviewing your trading strategy to see if there are improvements that you can make that can yield better profits moving forward because that would be tried and tested first.
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I see that HYIPs should becomes less preferred especially HYIPs that trade Forex. I could not say this with certainty as I haven't tried pamm, but definitely it shouldn't be different from what I have read regarding it.
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I experienced losing again because of putting an SL in my trade. The market dived steeply but recovered after some time. If there was no SL, I would have gotten something. Surely, I will take this lost as part of my experience and I hope that my skills get improved.
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How Long Do you spend in Trading Fx Daily?
sakai replied to Aikhen's topic in Forex General Discussion
I think that it is better to train your skills in the demo account first, even if not proficient should not need to force to go into a live account, because it's useless later only going to spend your money only. Because I'm pretty experienced with it. -
Forex forum Do you think forex forums can improve my trading skills?
sakai replied to flybiz08's topic in Forex Newbies
It may right for some, but still practical is the best. Putting what we read to test can go as far as exposing us more on how it works. Forex forums are just a background for me and anybody who wishes to be a good trader must venture into the forex world by trading pairs.- 456 replies
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- importances
- added advantage
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We have also to keep in mind not having revenue targets. If you never know where you are going how are you going to get there. If you never have revenue objectives then the business can convert easily and you can see a successful business opposite into a dropping business.
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Of course the robot is not recommended for beginners, because they still need a lot of learning on the basis of forex, but I was surprised by the number of beginners who have large capital until he bought a robot, and depend to him, but he's not necessarily good at Forex strategy.
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Importance of Demo Account/virtual account in Forex
sakai replied to abdulla1's topic in Forex Newbies
Well, I see that is the best use of demo trading to test out strategies. Besides learning how to trade. We should make all the mistakes we can in demo trading so that we won't be able to make as much mistake or avoid mistake as much as possible in the live trading.- 751 replies
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- forex virtual account
- forex demo account
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