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Decub
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Everything posted by Decub
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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 particular broker is no crime in any way. What the person should know is that in most cases, what it requires is even that you will put in more investment because you must fund your account and if the person is equal to the task, then what stops him from being the trader he wants to be.- 106 replies
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- disadvantage of trading
- advantage of trading
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I don't think there is anything that is impossible. If one can cough out as much as a hundred thousand dollars to invest in Forex, then there is nothing wrong in also sating that the person can gain a thousand dollars a day because with more capital, it is only natural for one to also expect more returns.
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How many lot size that you use in trading?
Decub replied to andry777's topic in Forex General Discussion
The lot size I make use of varies according to the pair I'm trading in it and I might just be tempted to increase the lot size depending on what my analysis gives about the market. It might just range from 0.01-0.2 and also depending on the capital I have at that time. It is not always what is determined at random but dependent on these factors. -
It is predictions and there is never a guarantee that predictions will become successful no matter how hard we try. Our dream is that of making a good prediction after carefully making our analysis of what the market presents. It is in no way a guarantee that we will end up in profit as a result of that.
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why many people see forex trade as gambling?
Decub replied to rockstar's topic in Forex General Discussion
In the widest sense of it, Forex might look more like a place where you find it much easier to lose than you can even imagine. It is a place where the trader loses money so easily when he doesn't understand how to manage it well which is also the main problem so many people face even up till now. -
The reality about earning is that there is a great possibility for someone to earn. It is a free place where just about anyone can earn and it is only left for the trader to learn about ways he can make that a reality. The trader who understands what it takes to lose will also understand what it takes to earn since the bottom line is that of earning which is also what keeps anyone going.
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If a trader doesn't trade live, then apparently, he is trading in the Demo account and the only transcription to it is that he is still learning to trade. The evidence of being a good trader or one who really wants to earn is the fact that you are trading in the real account because that is what gives you the opportunity to earn.
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Blogs, websites, forums are great ways to Learn because they can offer you a chance to start making something out of nothing. By this, I mean that one can easily start getting used to Forex because of the vast knowledge and understanding that it offers and that is what is seen by virtue of the fact that you are able to learn from a variety of sources.
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In MT5, there are still other free discussion threads where one might want to start up until he has gotten adequate knowledge to flow in the discussion. It is also wise for the person to start with the discussion area and start asking certain question about how Forex itself works.
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I always like invest $100 in PAMM. That is because I wouldn't like a situation where my manager will complain more of a low fund in account and use that as an excuse to have stop out. A minimum of $100 is substantial enough for one to get in though and still be able to make something good off the market.
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Trading account is always free. I really would doubt if there is any broker that charges anyone to register or if there is a law stating that you have to register with a sum unless you want to make deposit to your account which is one obligation everyone faces. That not withstanding, it is also ideal for one to see Forex as a place where you won't earn if you don't invest.
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Meet the Team behind the success of a Smart broker
Decub replied to uncle gober's topic in Forex General Discussion
Looks like this broker is gaining a lot of popularity having seen their ads in some other forums. It also looks like they have some welcome no deposit bonus for their new traders and this could make them increase more in popularity and can also help attract even more potential traders to themselves. -
My first impression about Forex is that it is something that is not even meant for my kinda person. I used to see it as something that is meant for those who are so financially literate and professionals who have got lot of experience on international trades and different countries monetary policies.
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Trading in the Demo account is more of a learning thing since whatever capital the trader has over there is something that he cannot withdraw no matter how much he is able to make after all. It is about him knowing and understanding the way the market works without putting up an investment of his own and that is one way a trader can move on and learn well.
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What do you think a best broker choice?
Decub replied to boltushkin's topic in Forex General Discussion
Research also Plays a great role in looking for the broker to be with. As a matter of fact, the person who wants to understand Forex more will learn how to also understand different broker's services and also be able to point out the different services they offer as this is the main thing that can also determine their success as they trade along. -
What everyone talks about is profit. It is always the main thing that comes to the lips of an average person who wants to trade in the market and someone who is not able to achieve that feat will always have himself to blame after putting up a lot of investment only to discover that there is nothing to show for it.
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How Much Time we Spend in the Demo Account.
Decub replied to showrov1993's topic in Forex General Discussion
Spending as much time that can allow you the chance to earn money from Forex is one thing that can give you a chance to earn a good amount of knowledge in Forex. The same way a trader wants to earn should be that same zeal he needs to put in when he thinks of how to learn and the Demo account is one place that you can learn a lot of things about the market. -
Forex is not for everyone actually because most times, those who just come into Forex because they want to start earning simply because others are earning are the ones who end up losing from it. It is better for someone to look at Forex the same way he would look at other business as a way to earn but only when you have a better knowledge of how to do it.
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The MT4 remains the most popular trading platform, more so, for the fact that it supports a lot devices and systems where you can trade in and there are likely the chances that you don't have to run into issues when installing and using it.
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And does not also prevent you from earning. Forex can make you earn some good money and you can have something reasonable to get from the market when you are bent on doing so. What it invariably means is that you only need to learn how to manage your skills well enough to earn well.
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I think it's much better when it is a long term thing. Not actually that the person has a clear signal of failure when he is a short term trader but most times, newbies find it difficult to cope with short term trading and sometimes also, they end up in losses.
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Luck is what is common to all beings and there is no one who will deny the fact that he is not lucky at some point or the other. It is a matter of being a better trader which is seen by the level of skills and knowledge the trader has as it is the only thing that differentiates you from others.
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The Joy of having a PAMM account is the fact that you just sit there and earn. That is what gives one the possibility of earning even without doing anything and that is also exactly where PAMM and account management comes in. When you have a good manager, you can easily earn without even the need to start copying someone's trade.
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Well, $50 bonus is no small money and it's not something that comes always.I also think that it is one thing to have a bonus and another thing is to utilize the bonus well because there are those who can just waste the whole bonus just like that without any meaningful thing to show for it.
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The best Forex broker would vary from trader to trader because how a particular trader sees a broker might just be entirely different from how another trader would see him and it calls for the question of what criteria should that be based when judging about this. It is rather ideal to see it from how credible the broker has been over the years.