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Decub
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Everything posted by Decub
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That is right and I don't know why, the admin is just good at not fulfilling promises. He introduced a referral contest because he saw a new forum do so but he made it in such a way that no one can ever get to. He commented on the welcome bonus and since then, has refused to pay it.
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I came across this through a friend and I hope that the forum will last for long. The demise of so many forums these days would make one think of not joining these newer ones but let's hope that this will last long.
- 34 replies
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- doubleearning
- paid to post
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For me, I think it's over 2 months I last posted here and I wish I can still revive my activities here once again. I haven't been that active in forums for long but hopefully, going to start up posting once again.
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I think activities are more in this forum than the sister forum. I also think this might be because of the fact that certain posters feel the admin give more attention to this than the other one which might make them stick more to this than the other as well.
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forex is a business online better than other online business
Decub replied to andisatria's topic in Forex General Discussion
When you trade in Forex, there is the possibility that you will end up earning well from the market when compared with so many other online forms of business. It is the trader that wants to earn well from the market and he will be the one to work hard towards actualizing that dream. -
A lot of people would always want to cling to low spread brokers because at least, they are not losing so muuch to spread which is something sop many traders want to avoid on brokers and those who are scalping.
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It's not really about having just any bonus but allowing yourself the opportunity to earn as a result of that. There are a thousand and one bonuses which are profitable provided there is good use of it. It is how well a trader uses a bonus that matters more.
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When learning, there shouldn't be any limit because it is more knowledge that will lead to more understanding and that is also the only way to get more out of Forex. We won't in any way assume that we have gotten it all when it comes to the knowledge we have about the market.
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Want to know how brokers make profit from your loss ?
Decub replied to abdulla1's topic in Forex Newbies
Well, personally, I wouldn't go for a DD broker since I know they manipulate the market to their favour. I see Forex as something controlled from the central which is also a function of news, hence, no reason to opt in for any broker who determines the market himself. -
@myregister, one thing is sure, not that they are born with it but there are those who grab things much more faster than others and they want to learn in a better way. That is just how they are. They have that knowledge in them because they can learn faster than the others.
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More than one account with one forex broker; is it advisable?
Decub replied to flybiz08's topic in Forex Newbies
People create different accounts for different reasons and if someone has more than one account with a broker, then most apparently, he's got reasons for that and it is usually traders with good skills that tend to initiate that idea. It most often works for those who want to hedge.- 79 replies
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- trading with same broker
- pro & cons of n no. of a/c
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One thing a newbie should know is that since he is lacking knowledge, there is the possibility that you know little or nothing about Forex and to that, always better for you to understand the need to work hard enough to get a better knowledge before trying the real account.
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Since Forex is a business like any other business, it can as well be used as a full time job. It is the same with trading in any other business online and for someone who also understand it well, it can offer him a great chance to earn something good out of it.
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Sometimes, it also depends on free time. Having a free time to trade can lead the trader into trading everyday or more often than some other traders because it is a function of how well he is going to use his time afterall. Trading is basically for the earning and nothing more.
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Importance of Demo Account/virtual account in Forex
Decub replied to abdulla1's topic in Forex Newbies
Most times, the Demo account is associated with newbies and it is still this same reason that makes traders want to think they have little or no need for it once they are no longer newbies. It is a very wrong assumption or perception of what the Demo account should be. It is an account for all categories of traders.- 751 replies
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- forex virtual account
- forex demo account
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The Demo and real account are two forms of account that work hand in hand for success. Gaining success is the dream of any trader and to get that success, it's good to learn. Learning comes from a lot of practicing which hitherto is derived from trading in the Demo account.
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Any form of auto trading tool is something that we understand with learning. It is when we learn how to set the SL that we can better understand it well. Forex is a practical thing and the earning comes in when we can practicalize it in our own way.
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We need to trade everyday when learning is at stake and when it is for earning sake, it is basically the times the trader himself has a good trading analysis that forms the best part of trading. Trading is about the good time to trade and the best market conditions as a criteria for earning.
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The quest to earn more is a two sided coin. It's either you earn more or you lose more. The trader has to first define himself and also define what he wants. If you want to earn more, then it's fair enough being cautious as you strive to do so because man is political in nature and would always want some more.
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There is no one who was born with the knowledge of Forex without hard work. If a trader is the type that is that hard working, he earns a way of earning some reasonable money from the market because there is no one who has the knowledge of trading from his mother's womb.
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Want to know how brokers make profit from your loss ?
Decub replied to abdulla1's topic in Forex Newbies
I think this is usually a wrong assertion that brokers make profits from people's losses. I am yet to be convinced of such because there is little or nothing a broker can gain from another trader's loss provided they charge things like spread and swap which is usually their main base for making profit. -
I choose to call it borrowed money which I also think it's true. Leverage is more like you are borrowing from the broker because it is meant to increase your capital base so that you can afford to earn well even with your very little trading capital. That can also lead you to a non anticipated margin call.
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If a trader realizes that earning is not based on the amount of times he spends trading daily, then he would also realize that it doesn't matter if he is trading everyday or not. There are more to trading than just trading daily or more frequently. We all trade to earn and that is the brain behind being a good trader.
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There are certain times when a trader faces such conditions. It is better if he tries to understand the reason behind such and get the way out of the business in a way that will be more fulfilling to him. There are times when the market will seem so unpredictable that you find yourself in such conditions too.
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There are varieties of mistakes people make and they are so voluminous that it only takes knowledge and understanding of the business environment to know it. Making mistakes is what most traders try to avoid but in most cases, they find it very difficult to avoid because of lack of knowledge and understanding of the business.