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Decub
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Everything posted by Decub
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Best for a trader to start trading at the best time which he thinks he must have learnt so well. Trading in Forex isn't much about just jumping in and out of it. What makes a good trader is the degree of knowledge he already has about the business before joining and becoming a trader lies in the success you make thereafter.
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I think so. I think also that it would be of tremendous help to those who might want to further in the business after school. Even though there are some Forex related courses that are currently done in schools, it doesn't really treat the inside part of Forex and might not address a lot of problems about the business.
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Forex is controlled by liquidity and market movement. The main reason some pairs move slow is just the demand of the pair and the other factors which move the market. Those popular pairs move faster because they are in very high demand and that is as well, the major reason their spread is low.
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Getting a Forex trading account these days doesn't need you to cut a trap before you acquire one. Once your country is accepted by the broker, all you need do is just to get your document ready for verification and boom, you are up and running.
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Is forex your only source ofincome?
Decub replied to starwar1508's topic in Forex General Discussion
It's a no for me. I trade in Forex as just a part of earning and not that which contribute majorly to my income. Forex is only but a means by which I earn online. I trade in the market as my side income at times when I have some free time to spare and need to cool off with my PC somehow. -
It's a no for me. I don't really have the time of Fridays to trade. Not because there is anything much about the Friday stuff but because I am not so comfortable combining trades with some other things I need to take care of on a Friday. I prefer things about Forex done between Tuesday and Thursday.
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One way is to keep fit because Forex will definitely turn you around. In a bid to run away from this, then there is the need to keep keeping on even amidst the rough end of life. Forex doesn't really come rosy to anyone who desire it but in a long run, we end up making profit out of it when we persevere to learn.
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Not really, and this is because quitters never win. Instead of quitting Forex, then it is wise enough to consider going back to the drawing board. Everything can be gotten right depending on what we do to make things scale through. Forex doesn't in any way come easy for anyone and in other to make out something from it, we must learn to learn from our failures.
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Depending or not depending on Forex is about the knowledge and capital. It's crystal clear that Forex is a business of knowledge. It is only with a good base of knowledge that a trader can make profit trading in the business. Also, capital might come into play here because even though a trader has some good skills but lack adequate capital to sustain him, then it might not make him good profit.
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Newbies should learn how to trade without emotions. Even though it is a hard thing to do. It is something that seems a whole difficult for most traders, it is as well something we must do. Remaining focused and not relying more on our own sentiments and emotions will help us overcome a lot of things in Forex.
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We don't really need to trade everyday. It doesn't make us traders who would earn everyday. Though there are varying reasons why certain traders might want to trade everyday, it doesn't really make them become rich overnight or achieve all their financial needs they need to achieve within that short period of time.
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I don't see just anywhere as the best place to make profit from Forex rather than trading and practicing on your own. You stand a great chance to learn a lot of things by knowing how to trade all by yourself instead of relying on some already made strategies prepared by someone else. That is exactly what Forex leaves for.
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Mistakes are continually meeting traders. Over and again, we try to avoid it but the facy remains that it is one big thing to avoid. Forex is a business that we can't easily predict and which might even make us make a lot of mistakes. In other to minimize the effect of this, then we simply have to work on those our mistakes in a bid to correct them.
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Well, I think that's when things work out well. But where the real deal is what if the other end is seen. I mean in a situation where the trader loses. Yes, you have a higher capital by making use of a high leverage and if at the end of the day, it fails, you only end up losing so much of your capital as well.
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Question for those who dont apply stop loss?
Decub replied to yogeshwartyagi's topic in Forex Newbies
Those who don't apply Stop Loss make use of their mind and concentration. They night not have need for it since they think they can on their own, keep an eye over it and make some good profit from it. It is not a must to make use of it, rather, a necessity of which the trader can either comply or resist. -
Anyone investing in Forex should have one thing at the back of his mind and that is knowledge rules. There is hardly a way a trader can make some good profits trading in Forex or investing his hard earned money without having a good knowledge of the business. It is the most important thing and a major determinants of success in the business.
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Spread is the fee between the bid and ask price and that is the main way brokers earn. In binaries, it is known as the difference in call and put and it is also how they make their profit. Suffice it to say that there might be yet, other means by which they can make money from the business but it lies mainly on these.
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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
Yes of course. They are all investment not minding the degree of conditions that are attached to it. No deposit money can help you achieve success in Forex provided you utilize it well. The under lying factor there is how good the trader is in trading in Forex. If he is quite knowledgeable in the business, then why not. Forex is what you make out of it that brings the much desired profit. -
Well, Forex has thought me a lot of things. Among those things is the ability to manage funds. The business has shown me that Forex itself is a business that is filled with a lot of risks. In other to shoulder some of these risks, there is the need to learn. It is only with knowledge and understanding of risk management that a trader can walk pass through it.
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Gambling and Forex are not the same thing because gambling is about predicting with luck as the main base where Forex requires you to analyze first. It is only after a careful analysis that the trader can beat his chest and say get has really made it in his own way.
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One of the greatest mistakes is to trade without knowledge. Knowledge is power and if any trader wants to make money from trade, he should endeavour to understand the nature of the business. Trading without a good Forex knowledge will only expose the trader to failure.
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Expecting to make fast money is also one of the fast ways o losing. It is better to trade in Forex with the assurance of making it after some time. Newbies seem to get more attracted to trading and making quick money. This reason gives rise to why some of them eventually lose from the market and quit. It is best if we see Forex as a way of earning but not in a very short period of time.
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Forex is all about timing and the best the time, the higher the chances of earning. Forex is all about making profit from the business and the only way to make the profit is when we are also ready to predict well. The prediction is all about how good you are able to predict the time.
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Forex is all about timing and the best the time, the higher the chances of earning. Forex is all about making profit from the business and the only way to make the profit is when we are also ready to predict well. The prediction is all about how good you are able to predict the time.
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How to start trading without investment?
Decub replied to riad99's topic in Forex General Discussion
You can start with a no deposit. I have seen a broker that allows you to start even with $100 and also follow with that amount. Their only requirement is that you must be verified. In all, what matters more is the person's level of education and skills about Forex and the degree of knowledge he has.