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Decub

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Everything posted by Decub

  1. Psychology sometimes says a lot about you and the way you would react to things. Psychology in Forex is something that all traders need because it keeps you motivated and also strong in mind. When you maintain a positive mind as you trade, it makes you also not moved by the adversaries of failure.
  2. Just the same way that trading is risky, so is robot. It all lies in the degree of knowledge and understanding. There is no free food in Forex and it is a place we can't expect things to be rosy always. Here, there is increased chances of losing a lot of money and also making a lot of money.
  3. Experience takes time to grow as it is not what we get automatically as we start up trading. It keeps growing in us gradually and the more we trade, the more experience we would have and the closer we get to profit. Making money in Forex lies a lot on our trading skills and knowledge and that is one thing that you really can't deny. It is that which determines your success rate.
  4. There is also the need to have a couple of them instead of just one. There are quite so many ways to earn and in Forex sometimes, you might want to stick to more than one particular broker citing a lot of other factors too. It is just what you have to make out of it.
  5. @budado, that is right. There is no simpler way than to keep on doing what you know how to do. The more you trade, the more you learn and the more you modify your strategy. Somehow, within the nearest future, you will end up knowing how to trade well and making it real in the business.
  6. I think that's a safe way you can go into Forex. For me, I also prefer that even though I limit my actions to the one I want, thereby making choices on my own. I think that even among those who offer such free stuffs like bonus on posting, some wouldn't also give you all of it for free.
  7. @gaban, you are right about that. Personally, I just got the wrong side of not making use of an SL. Well, it was something I will say I caused myself but I had to trade with increased risk. It's never rosy at all times and we can't also deny that there are times you just would risk it.
  8. That depends on individual and it varies from person to person. I might decide to trade just for few minutes in a day but it doesn't mean that law is binding for anyone to follow. The other person might think he has a lot of time to spare and that automatically makes him spend more time trading everyday.
  9. A mentor is a mentor. What is even important is if the person is ever ready and willing to teach you. When you have someone who offers such help and you are well connected to the internet, then that wouldn't be a problem. The problem most people usually face is that they are not that concerned about learning well, rather, earning.
  10. The Demo account is also good in the areas of understanding the broker and how their system works. When we trade using the Demo account, It gives us an idea of how the broker's execution is and we can draw a conclusion of what kind of service we would expect when we finally decide to trade with them.
  11. @gaban, you are just right. Making money in Forex also lies in our psychology. It is is not always that which will depend a lot on what we learn only but the way we think. Little wonder some say that if you can passive success, then it is definitely on the way to come. No trader would make money when he isn't channelled to it and that is just the way it works.
  12. But in the real sense, a trader that kept losing up to 5,6,,7... should have found out what already is the problem. It is not about trading without result but about a fruitful trade that is devoid of those craps. There is no trader who would be happy with losses and that is the fact and in other to curtail it, we simply have to learn from it.
  13. 2-3 days time is too near or are you talking about 2-3 years. Well, in any case, there are traders who might be favoured with trading everyday while there are others who wouldn't. It's all about skills and experience and for a trader not to be left floating, then it is wise enough to think of it as a place you can make it better when you understand it.
  14. Well, I will say we are in similar shoes but in my case, I decided not to be too serious with the broker because of the issue. I have tried contacting their customer care on this and what they told me is that my account would be safe and active if I keep following the rules. Thats why sometimes it pays to diversify.
  15. Well, everyone would want to earn but how many people are ready to earn the earning. They are quire different things that we have the zeal to earn and that we have the zeal to learn. Everyone is eying to be a professional trader but a host of traders really do not work towards it.
  16. Over times, I have found out that there is really a great importance tithe use of the safety tools like SL and TP. When a trader makes profit from Forex,, there is the tendency that he might also lose it especially when the account isn't monitored, that is where the great importance of making of these tools come into play.
  17. To also make a living with Forex and because of the high risks that is in it, the trader has to be diligent and the type that would be cautious of making mistakes because a slight one can just slip off your account. For the fact that this is your means of living calls for a reason to really apply caution when dealing with it. Forex isn't to be treated as though nothing is at stake.
  18. It still doesn't stop us from learning in the real account. As a matter of fact, I see it as something that we really need to practice both ways. The real and the Demo account are quite important. Why it is nice enough to also touch the real account is because the Demo only doesn't give you that satisfaction that you will learn how to control your emotions.
  19. Consistency is nice but it's really not that easy to come by. Being a consistent trader is something that we owe to ourselves in order to become successful and for a trader to really know about the business and make profit off it, then he must realize the need to trade well and learn from his mistakes.
  20. Those who embrace the Demo account and take it as a way to learn always learn better and more effectively because there is absolutely nothing to be afraid of which is different from what we see while learning from the real account. Trading in the Demo account is something that is most beneficial to all categories of traders since there is no cost attached to it.
  21. And time as well. One thing that should always be a source of encouragement for all newbies is when they realize that everyone was once a newbie. For me, it is the best way to encourage myself. No trader became overly successful as he started trading immediately but is that which took time to mature.
  22. Anyway, risk management also exists and the business would also keep favoring some people. In other to make something good out of Forex, we need to realize the importance of traiding well. Forex is a business where you can make money from when you are really determined to do so and not minding the risks that are in it.
  23. When we are trading more often, we are bound to learn more and even understand the business more. Trading more and more takes us much closer to Forex and we can gain even more profit from the market. It however, doesn't mean it would be automatic for us to start making profit.
  24. Robots also have advantages the same way it has disadvantages. One of the bad things with it is that most often, you wouldn't even know the one that is good and at the end of it, you will end up losing a lot of money due to its faulty nature.
  25. Satisfaction is good but that is when we have made good profit from Forex. It w trader feels satisfied, at least, it wouldn't make him greedy and that is one thing everyone should always understand. Forex is a business where we need to understand the principles of making money in it and not treating it with greed.
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