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Everything posted by sakai
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It depends on the person who want to trade, but open position everyday will not give any guarantee for us who want to earn here, so we can loss or we can earn from it, but first analyze the market first before jump into trading, choose the right day when you want to trade, and grab some profit there.
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Sometime we become our own worst enemy and the stumbling blocks to being successful in forex trading. You may have the ability to understand forex easier than the next person but may not put much effort into your learning which means that it will take more time to get up to speed. The trader should be responsible for their learning and application of their knowledge.
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Forex trading requires a broad expertise and knowledge to gain a distinct advantage with gambling games that only require a fortune. if we can not master forex trading and do not want to learn to gain knowledge of the forex certainly will never lucky when trading forex and certainly will always experience failure after failure.
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If the individual can earn more than what he can earn from his offline job then I guess the decision can be quit his offline job and focus so he can have more time with some stuff. But if there is still no guarantee that you can support your living then it's not wise to give up your job.
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The more we invest the more chances to earn huge cash so forex is the business where the investment we make will matters a lot and that will make you decide weather to trade or not. Every trader should be very careful while trading because forex is not a easy way to earn it need a very good knowledge so try to be brave when you are making investment.
- 336 replies
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- long term forex trading
- risk in forex investment
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What do you think about free deposit from broker promotion?
sakai replied to kaito kid's topic in Forex Newbies
The advantage of the free no deposit bonus is not only for beginners but also for experienced traders, without having to spend money we can make money. It's just that some traders think the bonus is not useful, because in addition to the nominal relatively small, the requirement to be able to take advantage also not simple. -
In demo you have big funds to use while in real account you have few funds. Second. If you trade demo you don't feel any emotional stress for you it's a game a challenge that why you become successful. In real account you are afraid to loss money and you become defensive and in the end you loss money.
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I think that it would also depend on how much capital you have at your disposal because you cannot trade money that you do not have. Just as long as one remembers that they should trade with money that they cannot afford to loose.
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Losing is not really the way to learning. But it is unavoidable; many successful traders have experienced losses in the beginning. But we should not make it like a pattern or something we must experience in order to succeed. But it just says failure or losses does not mean that we won't succeed any more.
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I don't recommend using robots a lot. Using robot is simple but it's risky if you didn't know about trading at all. If you knew how the robot works, you will know the best time to use that robot and the best time to stop from trading with that robot if you didn't want to trade manually.
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We must have the correct attitude. Trading is a thoughts activity; you have to be on top of your activity to be an established. If you never believe in your technique you will not create it. If you cannot move off the failures then maybe dealing is not right for you. Try something less traumatic like stamp collecting.
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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
About me, I like to learn as much as I can from forums discussions about forex. So that I would be more inspired and more motivated to do my best to learn forex well. So I hope that I would be able to gain more knowledge and experience with my participation on forex discussions.- 456 replies
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- importances
- added advantage
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We know that demo account and real account is different but both of them are important to use in trading because demo account and real accounts are part of forex too. Demo account is used for us who wanted to train or test your strategy and real account is for earning money of course.
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Forex and hyip are still profitable as far as we know the risk and careful to make decision. I think the forex trade is better. The risks are manage by us the owner, i prefer to control my own business dealings. And finally, there is more profit in forex trade than in hyip.
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Importance of Demo Account/virtual account in Forex
sakai replied to abdulla1's topic in Forex Newbies
This is one of the most important features on forex trading, not only for the newbie, but for the professional trader as well. Trading with the demo account is a must first to test how good our strategy there is. In demo account, the traders can experiment any strategies they wanted with any lot size, amount of deposit. I always think first to try it in demo if will have good outcome or not so we can find the suitable strategy we can use in real account.- 751 replies
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- forex virtual account
- forex demo account
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Practicing is very useful, while practicing we may be trying different techniques and so may make losing trades most likely, and for that reason demo accounts are best way to make practice until you get confidence enough to trade on real account.
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Of course can but not at all. Trading as long as we can have a stable and sufficient income to our live forex and can continue to continue his income from our trading system, that sure just for those who are expert with trading.
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In fact it can be a blessing if we are going to know the successful trading strategies of experienced traders. We just have to copy this and we are on our way to earning substantially. However, if we can not get these strategies, better for us to construct our own plan and strategies.
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Well, earning money in forex is not easy but requires dedication and efforts. If it was easier than instead of only 10% winners there would be the rest winners in this market. Forex requires much learning and experience to get succeed.
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I think that the simplest way to earn in forex is put your money in some fund and let a money manager who is expert in Forex, manage it. Let him/her get some percentage of the profit, I guess he/she will not refuse an offer like that.
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I think that it is a personal choice and also depends on what time you have at your disposal to do forex trading. Of course when you do it everyday you are better positioned to gain more since you spend more time trading and with that come experience.
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Actually in forex we learn strategies which we don't learn in gambling. But forex is more like a business than a gambling. And so Forex is recognized as legal which gambling may not be depending in your place you are at.
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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
Well, I do think trading one or two would be more than enough. I don't see the point in trading with so many pairs even if you are a good trader already. And much so if you are a beginner only, better choose one currency till you are good enough to add more currency or to change currency. -
I would just to say that, to make profits in forex you don't need a big investment. You can open micro account/ cents account in which you can trade for cents. So that way you can start with a small investment. But your profits and depends on pip and the lot size you will earn less than a big investment.
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For me, there is almost no way to eliminate the risk on forex trading one hundred percent. We can only try to minimize the risk on forex trading. But, risk is always a package on forex trading, risk and profit. If we do not earn the profit, then we will get what the risk is.