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Everything posted by sakai
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Well, forex robot could be used well if the users are people who knew about trading well. Forex robot is not good for beginner traders because it will be too risky for beginner traders. For beginner traders usually didn't know the right time to use robot forex because you must know the right time to use it if you wanted to get profit.
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About my own view, the most mistakes that you can see with many newbie in forex trade, dealing couples that have a very high propagate. This is a dangerous error because it is almost difficult to revenue with foreign exchange that have a propagate above 15-20 pips. Always business only the most well-known foreign exchange which highest possible propagate is 5.
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I see that that more and more traders are looking for robots to trade for them, in my opinion, robot is just a supplement to manual trading, it is impossible for robot to displace manual trading, we can rely on robots on some tasks but we can't rely on it to be such a successful forex trader.
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Importance of Demo Account/virtual account in Forex
sakai replied to abdulla1's topic in Forex Newbies
Demo account is a best way to learn and test your strategies. And it is our first trial before we used real account, it can be used for testing our new strategy too. Usually, demo account is used by newbie who tried trading platform in the first time, but forex expert used this too to test his new strategy.- 751 replies
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- forex virtual account
- forex demo account
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Real trading account is mentally more difficult. But the thing is that I like to not know the basics. So just to learn the different functions in a trading account will make me nervous. So in this it's like learning flash. If you needed to publish what you did in flash directly it surely would be crap. You do not even know the basics.
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Most of forex traders may lose even if they have enough experience. There is no Holy Grail or perfect trading in forex because profit and loss is part of trading. That we can do is cut loss early and not wait with hope the price movement will support us. Or not doing risky trading method such as hedging but cut loss early.
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We have not to hurry in to business with actual cash, unless you can manage to get rid of them, because you will most certainly do, if your dealing encounter is less than 3 several weeks. There are controversies as to whether it is better to adhere to trial dealing or start a little stay consideration.
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What do you think about free deposit from broker promotion?
sakai replied to kaito kid's topic in Forex Newbies
I think it would be very helpful for a beginner. As he can learn what it is like to really trade with reduced risk. The no deposit bonus would be such a good feature for an account. It is also like you are doing with such a demo account. -
We should be able to face the situation of trading with a cool mind. if we just satisfied with the results we get then we will cease to keep learning and will not be able to generate better profits because we know with the increasing knowledge we have and it will make a profit on the trade we can also be better.
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Well, If one has knowledge and good experience he should never invest in hyips as in forex he himself is going to manage his trades and if one gets good profit that is sure, unlike hyips which may get scam even if a hyip makes good profit in trading but admin runs with funds.
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I see that Luck only plays small role in trading actually. Luck should not be at the topmost in these three matters being talked about in this thread. A trader should place education and experience first and luck will come naturally. A real trader doesn't depend in"Luck" but in skill and experience in forex. If trader depend in"Luck" then probably that may be called as gambling.
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Well, at first i would prefer a live mentor only when i run into difficult trading concepts. But then, the advantage of figuring out these things by oneself is that they tend to stick better, and the trader understands the concepts better.
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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 if you don't have much spare time to trade, it good to trade with long term, even though mostly used by expert trader, but often the profit is good too. If we only have special time to trade yea scalping is the best choose. -
Actually i believe that trading forex is more of a science than an art. it is in the arts that talents are abundantly relevant. But in science, you must gradually learn your way up till you master all that you need to master. As a result, one can not say that forex trading is a talent from birth.
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I see that we should really have a good preparation in terms of trading strategy and in terms of financial management because it will allow us to get a profit consistently on a monthly basis in our trade with this we would not need concerned with all kinds of losses that exist in our trade.
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Yeah, forex can be good for long term investment. So i think that you should have acquired skills in forex trading already so that you can succeed in long term trading in forex. as it is very much dependable way to earn money if you have the right strategies.
- 336 replies
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- long term forex trading
- risk in forex investment
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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
For sure, you can find here many discussions with good forex tip. So that what makes a forum a good place to learn some tips about forex. Although we can't learn every thing or expect to master by reading or joining forum, But at least it will help us.- 456 replies
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- importances
- added advantage
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Displayed Username : sakai Amount To Request (DMT points) : 150 Perfect Money : U5310955 I hope to my posts will be approved soon ..
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It's rare to find such a trader has mentor who can teach them forex trading faster than learn alone. For me, live or online mentor will be very useful and needed by all beginner traders. About effectiveness, live or online mentor I think same as far as we understand what mentor teach.
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What do you think about free deposit from broker promotion?
sakai replied to kaito kid's topic in Forex Newbies
I see that the deposit bonus is actually very useful for newbie because the bonus is they can train their mental trade without having to incur capital. And they also will not have the risk of loss. -
Importance of Demo Account/virtual account in Forex
sakai replied to abdulla1's topic in Forex Newbies
It is important, not only for beginner traders but for senior traders and expert traders too. This demo account is starting point for beginner traders to learn about trading platform, it's risky to enter in real account directly. Demo account is important as testing platform before we used new strategy in forex market.- 751 replies
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- forex virtual account
- forex demo account
- (and 7 more)
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If I have to choose here, I will go for manual trading over robot because of the reason that we have to spend monthly cost on robots and if you are not getting profits when robot uses stop loss, all your investment will be not benefiting you. Robot is always good for beginners in forex world but not a must.
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For sure being an emotional trader can be very costly. Even it seems that your strategy is not working. But i f you know you have learned your strategy well don't follow your emotions. Try to stick with your strategy.
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Actually if we loss a lot, we have to learn from that and have to try not to do that mistake again and if we can do that than think we never loss each time. For me i learn many times from my mistake and next time i will get over it and finally I win.