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Decub
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Everything posted by Decub
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I think a lot of people has got a lot of knowledge about Forex that they won't be fooled so easily. By this, I mean, they know what they want and they also realize that it is basically something that requires you to have a fairer knowledge of what you really want first of all.
- 65 replies
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- forex misconception
- top forex miconception
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Ever burned your A/c due to forex margin requirement!!!
Decub replied to yogeshwartyagi's topic in Forex Newbies
You can burn your account and also recover from it. When you move towards getting the best off your account or move towards getting the best from the market, then it is all about understanding the fact that Forex is one business that you have to be careful enough with, lest you have yourself to blame.- 76 replies
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- strategy enhancement
- margin for long trade
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Is it advisable to trade on all currency pair as a newbie?
Decub replied to flybiz08's topic in Forex Newbies
To the best of my knowledge, it is not even something that one can easily get because when you think of knowing how to trade and also knowing how best to choose pairs, then I'm sure enough that most newbies will be found wanting because they are entirely very new in the market and may not even find it hard to start doing it right. -
Well, I might have different opinion if I understood the TS fine. There are those and most especially those of them who feel that Forex is reserved for some specific people, they might feel that Forex is something that is basically for those who have the best of knowledge or those who were born with some kinda silver spoon in their mouth.
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I like sticking to bloomberg most times. Not actually because they might be the best when it comes to news delivery or economic news but they tend to focus more on economy and more so, as it has a lot to do with the economic situation of so many countries at a time which is what matters.
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Of course, they say winners never quit. But then, if someone has lost as huge as 20 trades, then he needs to go back to the drawing board. There is definitely something yo are not doing right and that alone might be the simple reason the person has been losing. It is therefore more important that the person looks at what makes him lose and face it squarely.
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Any form of trading is always profitable as it depends on knowledge. There are a thousand and one ways to trade as the most important thing only comes from the fact that the trader wants to get serious with what he is doing and as well enjoys doing that which pleases him. That is the only way to get the best from the market.
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Making use of an EA is not a bad thing as it depends on the angle the trader look at it. It really doesn't hurt much to use it when you know how to. I think the underlying factor there is whether you even understand why you are using it and the benefit of doing so because that is what is of paramount importance.
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From my own assessment of a lot of people, I have even discovered that it's not a lot of people that are moved by the bonuses offered by certain brokers. Some are of the opinion that it is only a bait which they don't think they can easily fall victim to while others think there are a lot of conditions attached to it.
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So many see brokerage as good business not knowing that it's not easy to be one. To become a broker, one of the things that one must do is to know that it involves a lot of money. I usually here a lot of people who say they want to make the same kinda money the brokers make forgetting that it took them so much to get there.
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Of course, exploring a lot of options is good way to start learning how to trade. it is important that the trader learns how to trade by even following those who's got more expertise. There are a lot of sites where one can improve his skills and make more knowledge count in the process.
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A lot of people may not be able to find it thyat easy doing so because of so many factors. It is not something that comes to us simply because we wish it to come to pass. It only comes to pass because there is the need for us to do so and we end up working towards making that a reality. That is the only way we can make things work out well for us.
- 305 replies
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- life vs forex
- discuss life vs forex
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I don't see anything huge there when you can offset the capital that will lead to it because before anyone can start thinking of earning a thousand bulks, then the person must also have a lot of cash on him to stake in as capital because that is one of the factors that gives rise to good earning.
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Of course yes, the higher you go, the better it becomes. If a trader wants to get the whole things about Forex in just one day, then he has to crack his brain wide. You can't just get all which you desire to get from Forex in one day as it requires some time for you to start earning well.
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Those who are also into scalping may be making money from it because I doubt if they will want to stay there when there is actually nothing coming from it. Scalping is profitable a business and it gives a trader the chance to earn in even a little time.
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The Yen favours certain people and do not favour others. it is not always easy for the trader who doesn't know anything about combining the Japanese country with other currencies to earn. More so, there was a time it sounded as though the Yen was a boom and you see everyone going towards that angle.
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It is important and also right that the broker knows whom she is dealing with. Forex is though a risky business but there are still so many people who make some huge money out of it and that is the more reason there is the need for the person to look at it as some business which offers you great opportunity of doing it your own way.
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It's not all who are good at learning on their own and in such cases, they are left with little or no option rather than to have a mentor. Mentors are quite good in the sense that they provide a succor for the traders who needs to be bred and who also needs to learn how best to make things work out well for them. It is in view of this that one needs to look at himself and know at which form of trader he belongs.
- 361 replies
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- Forexmentor
- forex mentor necessity
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That's right. I see patience as non negotiable and something that you don't need to think of compromising. You just need to be patient in other to survive in Forex because there are sometimes where you need to understand that earning won't be that easy for you until such a time when you are able to learn a lot of things about it.
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Consistency matters a lot. To become a consistent earner is hard but it is a necessity. There are no traders who just start making money and continues that way but one thing that keeps so many people afloat is the fact that they are always ready to take the bull by the horns, accepting their losses and learn how to move on.
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Do not ignore benefits of long term trading
Decub replied to yogeshwartyagi's topic in Forex Newbies
If a trader is also the type who understand how to trade short term, then there is also the need for him or her to follow that way which he knows best. Trading is all about knowing what works for you and also coping with that which is of best interest to you in other that you may earn well. -
Pros & Cons of the Popular Forex Broker OctaFX
Decub replied to Ashley Cole's topic in Forex Articles
Of course, just like any other successful establishment, they must also have their own challenges. It is only natural for the person in question to look at where he can get the best from the market and also compare both the good and the bad of the broker in other to get what he wants best. -
What makes one trader better than the other one
Decub replied to euro's topic in Forex General Discussion
What happens is that the trader needs to know how to trade in his own way. There are ways to get the business done aright and there are also ways you can do the business and it hurts you more. It is a matter of knowing how best it is for you to understand Forex and know what it takes for you to also make success out of it. -
Is it advisable to trade on all currency pair as a newbie?
Decub replied to flybiz08's topic in Forex Newbies
Trading in all currencies does not in any way mean earning in all currencies because a trader who trades in one currency but understands the best way to handle it will get a better thing out of it and if you understand what Forex presents, then it is important that you learn better ways to present it to the market. -
I think that is always where a lot of people tend to get it wrong because they feel that trading in the Forex market is only about trading in currencies which in the real sense of it, it is not that way since Forex itself also involves doing a lot of things that has to do with commodities.
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- Best Forex Trade Copier
- Best Forex Signals
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