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Decub
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Everything posted by Decub
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You can as well invest in PAMM which means you really don't have posses any trading skills if you want to make it from investing in another man's or trader's knowledge. What you need to have is the capital that would take you through knowledge and you are simply good to go with the capital you have.
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It is one thing that serves as encouragement to any newbie. It is quite right to understand that there was no trader who started as a pro, rather, every one had their rough time before they turned into good traders. It takes time to become a successful trader you know.
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Better it is for a newbie never to panic in Forex. I mean, there is really not need to think you won't survive in the business. There is never anything in life that is easy but a lot of people who are now successful started life in a very small and difficult track before they became successful.
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And you know too well that there is never a trader who made it first hand. It is always hectic and difficult for any trader to make it first hand because Forex is such a difficult place to trade in especially when there is minimal skills to trade in it.
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multiple forex broker Trading with multiple forex broker; is it advisable?
Decub replied to flybiz08's topic in Forex Newbies
As each broker crops up, a lot of people would want to join them provided they have something special to offer which the other broker never offered. Perhaps we call it a Beth competitive market where everyone wants to have a share of the cake. That means the broker with the best offers get the attention of most of the traders who want to trade.- 106 replies
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- disadvantage of trading
- advantage of trading
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The more we trade, the more we learn and the more we are also able to acquire more and more knowledge. Practice makes us perfect and in Forex, it is one reason that we could either progress or retard. One thing all traders want to have is the knowledge to trade and the profit out of the market. There is no other thing which guarantees this unless we practice more and more.
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Same here and I feel cool with it. I feel using a simple leverage is just about the best thing I could do in other to be at an advantage. Forex doesn't mean you have to use a very high leverage if you must get the best from it and it also doesn't mean you have to use a much lower leverage simply because you are afraid of the unknown.
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You can trade everyday when you have the courage and reason to. However, there is no automatic guarantee that trading everyday would be fruitful because it is one thing that we cannot know for sure what the outcome of the market would be. Trading on a daily basis doesn't in any way make you a successful trader or a rich one.
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Sometimes, newbies also make the mistake of jumping into the real account prematurely. No one is denying the fact that the number one reason that brought anyone to Forex is to make money but when it is about money and money alone without learning, then it becomes a big problem to whomever that doesn't retrace.
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Importance of Demo Account/virtual account in Forex
Decub replied to abdulla1's topic in Forex Newbies
Demo contests are always a way to raise capital in Forex. There are traders who are beneficiaries of the Demo contests and they have gone from the state they are to having some considerable capital all because of the Demo account. It is one thing that is much capable of making a trader make more by virtue of both learning how to trade and earning as well.- 751 replies
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- forex virtual account
- forex demo account
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Losses are just an embodiment of discouragement and then, there are those who really can't stop thinking about losses. It is always good to remain positive against all odds as it is the only way to stand head tall against all odds. Forex is a business you make money from when there is that positive mind set.
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Displayed Username : Decub Amount To Request (DMT points) : 770 Payment option: Perfect Money ID : U4854513 Thanks
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Entering at the lowest price for more profit
Decub replied to euro's topic in Forex General Discussion
We all dream to enter at the lowest price possible so we can take advantage of that and still make profit. While we tend to get that dream some times, some other times also, it doesn't. That is the unpredictable nature of Forex every trader has to deal with. We can only make profit from the business when there is a clear indication from our analysis. -
Did Greed for Trading More Return Loss for you?
Decub replied to kiranchandra's topic in Forex General Discussion
Well, there are those who only get greedy at some point of their trade or another. Not that they are always greedy in the real sense of it but at a point, they display greed and at some other point, they trade with caution. It is not out of place to think and see them as those who simply increase or decrease their lot according to the analysis they make. -
Each decision we take in Forex I will say has the good and the bad side. In Forex, we might think of the bad side of it to be the losses as a result of using high leverage but when we understand the sentiment of the market, we directly make some reasonable profit from the increased leverage system we used.
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There are many traders I know who still try to avoid the market on Fridays. Some perhaps may have had some ill experience while others are just followup what others think and do for the market. Well, everyday is a trading day. What matters more is if we made an effective analysis to take advantage of the market that day.
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It's a choice and you simply have to adapt that which you wish to adapt. There are traders who are daily traders simply by virtue of what type of trading they adopt. Those set of traders can become daily traders and trade on a daily basis. Some other ones do not trade that way and it doesn't really make them non profiting traders so it's a personal thing.
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multiple forex broker Trading with multiple forex broker; is it advisable?
Decub replied to flybiz08's topic in Forex Newbies
Trading with more than one broker gives you the advantage of taking advantage of the different offers they have to give. A trader who operates account with different brokers would simply take advantage of any good thing the broker has to offer and also from both ends. It however, wouldn't make you more profit than sticking with some few ones.- 106 replies
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- disadvantage of trading
- advantage of trading
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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
Well, sometimes I feel it is also wise enough to make deposit by ourselves. Even though these days, certain brokers offer a credit platform where the trader gets a continuous stream of bonus, there is no doubt saying that somehow, there are limitations to the use of bonus which is not found in your personal deposit. -
That's always the case for even those who later turned out guru now. Forex has never been that easy a business for a lot of people and in the early stages of learning, it's more than hell. That is why patience should always be the watchword of any trader who wants to make some decent profit in Forex as he goes.
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Yeah, choice of knowledge is all about an understanding of both the market and the profession itself. Forex is a business you do in other to make money from it and for you to use a good leverage, you must also understand the implications of the leverage on your trading capital when you lose especially when you are trading with a very high lot.
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You know, most often, it is the trader himself that is quite responsible for whatever that happens to him. Let's say he is in control of a greater percentage of the risks that are in Forex. In other to take charge, he must as well realize that there is the need to control his own excesses. That is the only way to remain afloat as he trades.
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That's right though but there are quite some mistakes that are avoidable. Even though as humans, there are things we will do which we don't even know how it happened and how to face it, there are those we engineer ourselves and the consequences becomes as a result of our actions.
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That is provided the trader doesn't allow greed to set in. Being insatiable leads to a lot of thing that goes beyond the usual losses that come as a result of it. Forex isn't always that which we won't make profit from when we have the knowledge but where we tend to get the rough end is when we want it too urgent. Then and only then will we begin to feel the wrong side of it so much.
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I also think they can earn very well from those credit cards they produce. I can are that most brokers are really beginning to have their own cards and this means that traders don't really have to rely much on the payment processors. In this case, they can make some considerable commission from the traders who make use of the cards.