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Decub

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Everything posted by Decub

  1. Decub
    Who never wanted to earn money from Forex wouldn't have come into Forex in the first place. What it means is simply means is that Forex as a business is that which any trader that comes in comes with the hope to make money from it and make something out of it.
  2. Decub
    One of the first places a beginner has to start with is the basics. Trading in Forex is something that needs you to know the business and really understand how it works before trading. It's not like a trader trying to jump in and start up with the Demo account without even knowing what it means to trade.
  3. Decub
    A trader who is not satisfied with little profit especially when he has little capital is a greedy trader. Trading in Forex is not a get rich quick business and the trader simply have to understand that. It is not a business that the trader will expect to make every money he wants to make within a short period of time. Here, you have to take it little by little.
  4. Decub
    Forex can simply be inviting, yet it is not something everyone can easily do. There are a lot of people who would have loved to be well sought after traders and who would have also loved to benefit from Forex but are only caught in the act simply because they are not good risk takers. That's why it is always better for a trader to understand the risk therein before going into it.
  5. Decub
    Some other times, the time a trader chooses to trade might just depend on the type of trader he is as well as the time zone he is. Perhaps also, the session. In any case, trading in Forex requires accurate and good timing. When a trader goes in at the right time, he increases the chances of making profits from his trades.
  6. Decub
    But then, Forex can still be reliable If the trader has the knowledge. Trading in Forex is something that is quite good for a trader who knows how to trade. What it really needs is just for him to understand how to manage his risks. It does the whole thing and becomes more beneficial If the trader is able to have a better understanding of how the market sentiment is.
  7. Decub
    Trading can be very stressful to the brain. When a trader doesn't possess that skill which is required as a pre requisite for success, it becomes such a difficult thing to make out something from trading. Trading in Forex is a business that needs a trader's smartness and concentration.
  8. Decub
    @waseem, it's not just the knowledge that is required for success here. A trader also needs some virtues that goes beyond knowledge. Patience plays some very great role. Without patience, a trader will more like be trading with a do or die approach.
  9. Decub
    Signals are quite good a way to earn for traders who have no knowledge but not all sources of signals are reliable. There are just those signals that might not necessarily make you profit no matter how long you use it and they are no guarantee of any profit. Personally, I use Forex signals but not at all times and there are quite some time I make profits with it.
  10. Decub
    I feel long term traders would most likely make more money in Forex. I mean, those traders who trade for longer position has a chance to always take a good advantage of the market more than the short term traders. That said, it doesn't however make long position trading more profitable than short term trading.
  11. Decub
    A trader can always know how his broker is doing by the services it renders to them. To a great extent, a brokers services speak volume for her. No matter how good a broker claims to be, If the traders don't feel the impact, it wouldn't make any sense after all. The impact of a broker is felt more when the traders enjoy the services she renders.
  12. Decub
    A lot of factors have effect on the currency market. Among these factors are news, mainly economic news as well as the economic conditions of the country. Forex is a business which it's movement is determined by a lot of factors though centers around news.
  13. Decub
    It's simple, most countries don't support or frown at financial misappropriations. That is why it is always good for the brokers to know who they are dealing with. Besides, most of the brokers that are regulated have some strict rules courtesy of the countries that they were regulated in and this has a corresponding adverse effect on the traders too.
  14. Decub
    A major problem with traders who fail with robots are lack of knowledge. Not all of them have the knowledge to trade with robots and so, they hardly understand how it works. I won't still deny the fact that more fake robots are in the market and those vendors are simply looking for whom to devour.
  15. Decub
    If you try to risk it, the result might be disastrous. Always preferred to go with the trend. Following the trend is not only a sage way to trade but a more profitable way to trade. The only thing you have to for is try locating the trend. That is a major point for any trader to start with. Once you can find it, it always forms a better part to trade along the trend.
  16. Decub
    I've come across traders who seem to like the custom indicators a lot and it makes me think there are just better features, use or they are simply more effective than the default. I mean, they seem to get more attracted to the custom indicators and are always on the look of it. But for me, I am simply fine with the default indicators.
  17. Decub
    Well, it might not necessarily mean a full list of notes because it's not all terms that are essential for him to always use. There are some recurring terms which seems to have form an everyday use in Forex and those are quite essential for him to know. Those that have a smarter brain which can accommodate a lot of things at a time can always beckon on having those terms stored in their brain.
  18. Decub
    I think a lot of brokers who try to provide this copy trading feature for their traders are trying to follow the trend. It seems to be that which is reigning nowadays and that which is on the increase too. Copy trading now offers those without much trading knowledge a chance to earn and trade profitably with their little knowledge.
  19. Decub
    @Standart, you can say that again. The fact is that we simply have to run our analysis before trading. Trading is more like a business with a professional approach, and unless you prepare for it, never expect anything good to come from it when there is no plan on your own to achieve that.
  20. Decub
    It is also good for a trader to learn how to build his own strategy himself. This will help you understand better way to trade. Sometimes, I don't believe in conventional things about Forex. For example, a lot of people believe a lot in default indicators while I've seen someone who analyze better with custom indicators.
  21. Decub
    Long term trading is best with accurate market timing. It is generally believed that when a trader is trading long term, timing matters more to him than any other thing. It is always better to buy and sell at the right time. Wrong timing on its own only ends up making the trader lose.
  22. Decub
    @Gaban, yeah. Without leverage, Forex may not have been this interesting. I really doubt the possibility of people making it in Forex if there were no leverage because their little capital especially for the poor traders would have been valueless and a lot of them would get frustrated out of business.
  23. Decub
    Demo account gives a trader that rest of mind not to really bother much about losing. That is one unique thing about it and the trader doesn't need to bug himself with the fact that the market can over turn and he lose all he's got. Trading in the Demo account is quite a good way of remaining in Forex with a better assurance of learning.
  24. Decub
    @forexlover, no you can have more than one account with one broker. Brokers offer different types of account and a trader can choose to operate these different accounts with one broker and would be able to verify all of them with the same document. It is quite acceptable in the brokers world.
  25. Decub
    @andi, that is the fact. They simply have the same approach and the same way to go about it. The only difference is seen in the fact that the Demo is not giving you real profit while the real account will. When you talk of strategy development and skill management, then the Demo account is always the best place to be.
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