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Samar
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Displayed Username : Samar Amount To Request (DMT points) : 500 Payment option PM ID : U4825588 Thank you very much Admin.
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Forex forum Do you think forex forums can improve my trading skills?
Samar replied to flybiz08's topic in Forex Newbies
There's no limit on what we are going to learn in forex forums. And forex brokers do help these forex forums to be lively as well as to give opportunities for traders to have the real thing that can be a good start for most of the traders and its significant for everyone that they become poster or even trader. -
Some create the disagreement that in dealing you must be alone but that is not real. I put myself around the best because I want to understand from the best. Many traders don't understand pip cost, each pair has a different value some traders don’t know which pairs have which value and that has an impact on your money management.
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I think it's better to trade own if loss then there is consolation. It's hard to select good robot and there is probability to lost money choosing this robot because i heard that the price of robot is not small but very good amount and if its fail to do win trade then we will loss money in trade for robot.
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Importance of Demo Account/virtual account in Forex
Samar replied to abdulla1's topic in Forex Newbies
I see that demo account is important part in trading because through demo account you can learn how to trade better when you entered to real account. It's right if people said that demo account is training account so in real account we will know what we must do. -
Demo will be useful for newbie since demo account is only for practice. Tried the effectiveness of indicator, tried new trading system that you have, etc. we can't get profit in demo account because despite we get profit when trading, profit is not real money. So basically demo is only for practice.
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In demo if you make mistake than also in loss and there is not only gain. And I think if anyone really want to learn forex than he/she must be trade in demo like real and when they loss or gain at least there will be learning. But I think only disadvantage in demo that where are no emotions involved but without it great platform to learn forex in demo.
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I think that if you have taken the time to test your strategy in demo first and it worked for you. In the event of it having problems later on it would be best make alterations in the demo account than in live mode where you are not sure of the results of the changes to your strategy.
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Once we have experience friend then we can ask him any question but its true sometime it not possible but there is so many good source over net if we really want otherwise there is so many forum where can we ask and there is no doubt lots of answer then just need to thinking how to go ahead.
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Well, there is always risk in forex. So we just have to accept the risk in forex. But we should learn to trade well so that we would be able to reduce the risk greatly. If you have lack of knowledge then you are just increasing your risk and you are gambling in forex. Forex is something you would need to learn a lot of things.
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Robot can only be used alongside with our brain and talent that God has ended us with robot does fail. With proper monitor one will be able to implement and know when to exit a particular trade. Forex robot will not improve our skills in forex trading. This over-reliance will just make us shun learning. For me, it is better to learn what we are getting from EAs. A trader should not stick with his/her EAs for the rest of his/her trading career.
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There is no tension while trading demo account and on one wrong trade we can enter into another bigger trade and so on to cover earlier losses so ultimately we are left with the profit. But this is not the case in real accounts it is difficult to gather courage to enter in fresh bigger trade after bearing losses early.
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Sure it's possible to become a full-time trader and the benefit is that the more that you are trading you will be able to acquire even more experience and better your skills in the process. Even as an experienced trader that was trading part-time you will be able to learn things that can increase your profit.
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Sure it's possible to become a full-time trader and the benefit is that the more that you are trading you will be able to acquire even more experience and better your skills in the process. Even as an experienced trader that was trading part-time you will be able to learn things that can increase your profit.
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Do you think compounding is important?
Samar replied to andry777's topic in Forex General Discussion
if I have a huge capital then although I open with small lot will give me a big return and satisfied me, but my position is considered with a good analysis first. So for me now that using a small capital always want to open more position to gain more profit and sometime make me can control my emotion that cause me a loss.