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Decub
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Everything posted by Decub
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I will go for Forex because I really do not need so much of a capital to start trading. This is unlike trading in stocks which is about the good trading capital before you can make something good out of it. The business is that which you can earn well and trade well in it.
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A beginner has a lot of things to learn from the market and it is not something that he learns in just one day. It takes time to grow and it is one thing that the trader should as well know the way to understand the way the business works. That is basically the main reason there is the Demo account.
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Earning $1000 daily is big dough, that not withstanding, it will also depend on the trading capital the trader is trading with. There are a lot of traders who want to earn such huge capital but it is something that is not so easy to achieve. Any trader who wants to make money in Forex needs one thing and that is a good knowledge and a better understanding of the business.
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Forex is a professional business that is recognized by a lot of people and that is the more reason weekends are always trade free days. Those who labour during the week to excel in Forex take their rest on weekends and take that to even analyze the market and how they will trade during the day.
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How to study Forex starts with practicing. It is when the trader practices that he can study it well and know the way forward. Studying or learning more about Forex is something that any trader will definitely do because it is only when the trader can study well that he can earn well from it.
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Risks can't be eliminated entirely and it is not something that any trader can run away from. There is no way to prevent the risks in its entirety, meanwhile, there are traders who manage their risks well enough so that they still earn even in the market which is filled with risks.
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Forex and gambling are not the same and they can never be the same. They have different principles and bases which they operate and there is no way they can stand on same ground. Trading in Forex is an entirely different thing that has a different phase with that of gambling in other to follow out.
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When you have a mentor, it helps you learn faster. It's not like a mentor will give you automatic success, rather, he helps you understand the business in a much better way and you can also learn to trade in a better way too because he already has got the experience in the business.
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- Forexmentor
- forex mentor necessity
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It's a business done by humans and in a bid to earn money from it. Trading in Forex is good business but it's not that easy making money from it because it doesn't always offer you a chance to make profit at all times from it. You earn sometimes and lose some other times too.
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It is either it is in the internet or self study. You can learn in so many ways and when you think about learning, then there is no better place than the Demo account because that is just about the best place a trader can point out and get the best thing from the market in other to succeed.
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More than one account with one forex broker; is it advisable?
Decub replied to flybiz08's topic in Forex Newbies
Having more than one account with one broker is like having more than one type o account which is allowed. You can have a lite account, Demo account, cent account, etc. It doesn't mean there are different Verification methods for it because you can get verified with just one means of identification.- 79 replies
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- trading with same broker
- pro & cons of n no. of a/c
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I also think so. Newbies should go for a lower leverage which apparently means a lower risk. Forex is risky and it is wiser to be cautious of this risk during trade as that is the only way a trader can get the best from the market without having to lose all of his or her trading capital to it. Lower leverage ensures a lower concentration of risks in the business.
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- leverage in forex trading
- Is lower leverage good
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I also think so. Newbies should go for a lower leverage which apparently means a lower risk. Forex is risky and it is wiser to be cautious of this risk during trade as that is the only way a trader can get the best from the market without having to lose all of his or her trading capital to it. Lower leverage ensures a lower concentration of risks in the business.
- 247 replies
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- leverage in forex trading
- Is lower leverage good
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Can no deposit free money help you achieve success on forex ?
Decub replied to kaito kid's topic in Forex Newbies
Sometimes, it really doesn't lie in the amount of money you put into it. Making money in Forex is also something that has a lot to do with the level of knowledge that is in. No deposit bonus can make you money and you can grow your capital a lot with it. -
Investment is really what everyone does in Forex. Putting in money into the business is why every trader wants to earn and the same way we try to obtain knowledge about the business, so shall we also learn how to put in our money into it in a bid to learn more ways to earn.
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This forum seems to be on with some activities but one thing I found out is that the delay in processing of payment is something that keeps lingering. I mean, I see it as something that might even stay until the coming year and even the contest the admin has promised to pay seems a mirage too.
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Really have seen that a lot of posters are coming to the forum, not surprised though because Fxfred has proven to be the only long lasting forum over times that still remains and keep waxing stronger.
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The amount of 7.7 USD has been deposited to your Perfect Money account. Accounts: U1949613->U4854513. Memo: Payout from DMT,Enjoy Posting at forum!!!. Date: 15:55 08.09.14. Batch: 67908259. Thanks admin.
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The amount of 1 USD has been deposited to your Perfect Money account. Accounts: U6029180->U4854513. Memo: Gold Hyip PTP system .Gold-hyip.comGold- hyip.com/forum. Date: 16:13 25.08.14. Batch: 66635240
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forex is a business online better than other online business
Decub replied to andisatria's topic in Forex General Discussion
knowing how to trade is quite a function of what the trader wants to learn from Forex. There are a lot of businesses that are online but the most important is to get the one you can invest in with small capital and that is exactly what Forex offers. Here, you can invest with whatever amount of money you want to invest in. -
@garuk, luck comes as a natural thing and I don't there would be that need for it or work with hope of luck. Someone who solely depends on luck is only heading to the rocks because there is hardly a way you would make anything from Forex just hoping on luck.
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soo many brokers, and I want to pick one :)
Decub replied to Sara888's topic in Forex General Discussion
Learning also a lot of things about Forex and understanding the nature of it will help you choose a good broker. There are quite a lot of brokers with varying options and the choice of the trader himself is what plays a greater role. For some, provided it's regulated, it must have met majority of their needs. -
@garuk, that is basically true when you really do not plan well about Forex. The business is just about understanding the nature of the market. If you want to trade well in it, then you must also learn well and that is the only way to success.
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All businesses are good and also same with bad. There is never a business which is all rosy at all times because it comes with a very rough end. In other to get the best out of anything, then you have to extract the better side of it and take advantage of it.
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Forex is one business where you need a lot of skills to excel. It is not one made for those who aren't serious about learning how to trade because it becomes so difficult understanding the nature of the business when you really don't want to learn.