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Decub
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Everything posted by Decub
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Question for those who dont apply stop loss?
Decub replied to yogeshwartyagi's topic in Forex Newbies
Trading with the SL helps the trader a lot against some unforeseen circumstances which is natural to Forex. It brings about increased chances of losses and the ability of the trader to fall prey to factors which might affect his trade negatively. It is however something others try to live or trade without since it has its flaws. -
There are so many ties binding them together which might make one assume to a great extent that the both of them are of the same way but in the real sense, a lot of difference abound too. Yes, it's all about probabilities and the ability or tendency to lose but not all really lose out of it completely the way it is in gambling.
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The Demo account is the best place to start up. The trader can always raise a career in Forex by firstly trading in the Demo account before learning other ways by which he can quietly adjust to the real account. There is no doubt to assume that while we trade in the Demo, there is that courage that helps us build a good trading strategy since we ain't afraid of losses.
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Though I invested in PAMM with a very little capital, I wouldn't also hesitate to invest more when I have more. It all depends on the manager or the person you choose to handle your account. PAMM investment can as well be lucrative as though you are trading yourself when there is a good manager.
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It is also fear that leads to the disparity that is found between the real and the Demo account when it comes to the mistakes newbies make. They seem to be engulfed by that fear which is always inherent in the real account especially when they make their first deposit. This takes away the usual fact about how fun it is trading in the Demo and they seem to trade in the real account with a lot of fears.
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And even, most brokers will advise you to firstly open a Demo account before trading in the real account, this way, the trader can understand the way their own system works, how fast they execute orders and thereafter determine if he can trade or not to trade with the broker. The advantages of the Demo is simply not over estimated as it is almost a necessity.
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Investing such money in Forex depends on the degree of skills the trader himself has. Trading in Forex isn't just that which the trader can walk in and start trading in. To a lot of people, it is quite some huge sum of money and putting it into Forex without adequate skills might possibly mean risking it. It is always better to invest it in Forex if and only if there is adequate knowledge.
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@standart, I think so, I think those category of traders are those who have some different interpretation of what Forex really is. They want to make a lot of money in Forex and within a short time too. They simply feel that it is in Forex that they can possibly get all which they desire.
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How I Turned a Losing Trade to a Winning Trade.
Decub replied to heartboy23's topic in Forex Articles
I still hear a lot of people talk about how they turned a losing to a winning trade and I feel it's one of the things that is also difficult to do because personally, when I tried it, I lost more. Perhaps, because I wanted to revenge immediately and it led me to that which I would have avoided. Turning a losing trade to a winning one isn't always easy and not that which can easily be overcome. It requires some degree of skills to do so. -
Those factors influence the economy of a nation too and then, take its turn on the Forex market. Most especially, the inflation rates of a country moves and shakes the countries economic conditions which results to a sort of weakening of their economy. This factor becomes a major reason why certain traders find it difficult to trade are certain news release.
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Forex is all about trading in different Foreign currencies. It is a business that involves buying low and selling high just like any other business. However, it is not like every other in the sense that there are quite a lot of factors that determine the success of this and which influence the amount of profit or loss the trader makes here. It could quite be a bag of losses as well as a way the trader can make some profit too.
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Forex is all about timing. Exiting at the right time gives you a good edge to take profit. Making a very successful trade relies on your timing and your ability to exit at the right time. It is that which the trader learns as he trades and tries to understand when the time is best for him to do so.
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Getting started is almost the difficult part of it. More so, remaining in Forex. It has the ability to make get you discouraged and at the same time, make you lose your hard earned money. It's really not all that makes something good out of Forex in a long run because most of them get seived off along the way.
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A lot of people have that wrong impression about Forex and thinks it's a place where they can easily make quick money. Trading in Forex is a business that also requires a lot of patience and determination. It doesn't just come easy for a trader to become successful as a trader and not comes easy too.
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Trend movement always has something to do with the momentum too. That is basically the reason why there are indicators specifically for dictating the trend while there are still others meant to observe the strength or the momentum of the trend. It's really a two way thing that works hand in hand with each other.
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I have the same opinion with you. There are still some very bad side of the hedging even though it's meant to take advantage of one position's loss. What if the trader had closed the first position with loss and opened another one opposite it and at some point, the second begins to tilt in the losing end as well. I still think Stop Loss is the best approach to trade.
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Stop loss is quite a good technique when it comes to Forex and in a bid to safeguard our losses and make profit out of it. In other to overcome this, there is need for practice. I mean, it will be pretty difficult for a trader to get it right with setting SL when he rarely tries it over and again. When I was still new, I used to have mine hit over and again before I finally got it right.
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Stop loss is quite a good technique when it comes to Forex and in a bid to safeguard our losses and make profit out of it. In other to overcome this, there is need for practice. I mean, it will be pretty difficult for a trader to get it right with setting SL when he rarely tries it over and again. When I was still new, I used to have mine hit over and again before I finally got it right.
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Choosing Among Online Forex Trading Systems
Decub replied to shamoon633206's topic in Forex Development Technique
A trading system is what the trader has to build on his own. He forms it and makes it an integral part of himself. That's is what he trades with and keeps modifying it till such a time it is good enough to make him some reliable profit. Building one is not always easy because it involves a lot of trial and error and of which, the trader always has to take into consideration these factors to arrive at one. -
Forex is all about the buying and selling of foreign currencies. It's about trading in them with a bid to make profit in the process. That which is of paramount importance is the ability for the trader to generate profit off his trades. Every one is in for profit and for it to come to pass, there must be a loss from one end before another can gain.
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I think this might have a lot to do with the type of student the person is and the type of trader he is too. Not all students can manage both and not all traders can concentrate on educational learning. In a case or cases where there is a low IQ on the part of the student, he definitely would find it very difficult to cope and to understand both.
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Trading in Forex has brought a lot of people some untold hardship just the same way some other group of people are smiling to the bank as a result of it. Forex as a career or a side means of earning is really what you can make out of it. It could be demanding and needs a lot of work on your own end to make ends meet.
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I guess, this is one of the things that keeps increasing the popularity of those who are involved in Forex. There is always a place to get something to boast of when it comes to starting up and profit making. The trader needn't bother a lot about how to raise funds for trading but has to count more on the freebies offered by brokers.
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Forex as a business Do you take forex trading as a business?
Decub replied to ellliottt's topic in Forex General Discussion
Forex could as well be a job that the trader can take as his only one. He can possibly trade in Forex as a means of earning and set some very realistic goal for himself on a monthly basis. There are increased tendencies that he would achieve that which he desires if there is diligence. It only means he has to work hard towards achieving that dream. -
80% profit in 10 minutes - FREE Trading system
Decub replied to repunzel's topic in Forex General Discussion
Yeah, most apparently, it is options that will give such high profit within a short period of time. undoubtedly, there are those who still reap well from options but majority of them really see the rough end of it. A lot of those who trade in options rarely get the better part of it. I think the problem is simply the fact that you can't manage any risk in options.