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StevenBendre

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  1. StevenBendre
    About me, I confused about forex as form of gambling. I guess there's no one who could say for sure that forex is gambling or not a form of gambling. So it's going to depend on each of our belief. But for me I believe that forex is no gambling at all.
  2. StevenBendre
    It depends on the results we want and strategies that we have, if we want to get the great benefits we wish to trade on a daily basis and of course we must have a strong concentration to trade daily because we will analyze market movements at any time and we also have to have a good physical condition because honestly if we do trade on a daily basis will make it being tired.
  3. StevenBendre
    Well, I think that forex is a complicated and volatile business. It takes a lot of education to be able to make sense of this market. It is a very unpredictable market as well. That said, we don't want to make it more complicated for ourselves than it is.
  4. StevenBendre
    I think that it isn't easy to earn in forex, I am not sure if there are some traders that will say earning in forex is easy, that thing need a lot of dedication and we need to learn about forex first before we can earn, and we need to do some effort to earn money from forex, so it is not easy, but to say hard also not that hard.
  5. StevenBendre
    I think that no trader should be trading without a trading plan in place. This is what will be able to direct a trader in their quest for profits on when and how to trade, when to enter into trades and when to exit for example. This will guide a trader on the best possible way to trade especially if you have taken the time to test out your trading plan.
  6. StevenBendre
    Forex be the main job of course can. As long as we can have a stable and sufficient income to our live forex and can continue to continue his income from our trading system, why not. Results of the forex business are far greater than anything that we can trade well.
  7. StevenBendre
    I see that demo account is good place for newbie to practice and to test their trading strategy and trading skill. For experienced traders, demo account also important place to regain their confidence back after suffering some of consecutive loss that probably it makes them feeling down.
  8. StevenBendre
    It's better for a newbie to focus in one currency pair because seriously it wouldn't be easy analyzing the market so a newbie should pay all of his attention into one currency pair and when he can handle more pairs then that is the time that you can trade with more currency pair.
  9. StevenBendre
    Well, if you can applied what do you learn and what you see from forex forum, it will lead you to good traders, and also you will make your skill even better from yesterday, and I agree in a part that in forex forum there is no limit we can learn, there are some good resources from experienced trader and many experts in forex trading.
  10. StevenBendre
    You have to get sure that you are the incorrect broker; this is a huge error investors make getting begun. Some companies are just fraud performers. Never believe agent evaluation websites either because they usually are associated with the agent or get paid payment. My best guidance is to ask a reliable companion about their agent.
  11. StevenBendre
    Well, trading manual can develop your trading skill than rely on forex robot. But it's not a big problem if trading use robot as far as we also try the effectiveness in demo account first. Robot can only trading with one method while, if we have a good trading skill, can trading use many various method.
  12. StevenBendre
    Demo account is place where people learn how to trade on forex market and when they really understand it they should move to make money in real account. In real account you still need to learn how to manage your money and emotion so just open a real account and make small deposit to learn about them.
  13. StevenBendre
    One gets quite different experience playing in demo account and trading in real account. Most of the demo only used for an experiment in whether whatever it is. Not all organs are involved while practicing demo, but when real money involved those experience matters much in future trades.
  14. StevenBendre
    It is known that learning in the demo account is a good thing indeed because this is where you will be able to get some experience on how to use the broker trading platform. Even better is the fact that you will be able to work on a strategy that you can test and implement when you go live.
  15. StevenBendre
    Well, if we can get free money to deposit on the Forex trading, it is such a great nice thing for us here. The good thing for us, at least here, we do not need to spend too much of our own money, then put it on the risk of Forex trading here because forex trading is risky.
  16. StevenBendre
    It is good if you could find out mentor, no matter online or offline, but not all people could be so lucky to find out mentor. Mostly traders will learn by themselves with helping of other traders in forex forum. If there is mentor who helped you that could make you learn about forex faster than other.
  17. StevenBendre
    I think that the trader needs to be determined indeed because forex trading is not just about profits but there are losses to be encountered too in the process and you need to be prepared to face them and look for better ways of overcoming them.
  18. StevenBendre
    Actually the initial capital depends upon the trader and how much he can risk without letting it to affect his daily life. For a trader who is cautions and afraid of loosing something big can start off with a low initial investment of $50 while the traders who are looking for big earnings can go for a minimum capital of $1000 or even more.
  19. StevenBendre
    That will be better if we lost in demo account and we could get some profits in real account but it is impossible. In reality, we will face loss in real account too and it can be our lesson to be better in the future. I didn't like the statement you must lose to make your succeed. We will experience loss but we shouldn't depend on our losses first to be successful but it will be better if it said, we must learn from our losses.
  20. StevenBendre
    Earning money with forex is really difficult and I am sure that most of people are just quit forex just because of this reason. First I though earning money with forex will be easy but after entering into forex I was just wondering to see the risk in forex. It is not easy as we think and do we need a very good decision taking power to get success in that field.
  21. StevenBendre
    I'm sure that in future forex will be more and more popular. This is great business that can give us a lot of money after all. To be profitable trader, we will always need to improve our skill and experience to trade. This is needed so we will have more choice to face different market movement.
  22. StevenBendre
    Actually to get better profit you need to compound your funds if you already had huge capitals so you didn't need to compound it again. But with big investment I'm sure no needs to do compound because you have already earn a big profit. So I think it's depending with how big our investment to make a compound decision.
  23. StevenBendre
    Clearly there are no shortcuts to earn in an unpredictable market such as forex. As this is the case, the only and the simplest way are to learn and understand forex as much in-depth as possible. This is the most important and profitable way to earn in this market.
  24. StevenBendre
    For sure having a trading plan is very much important so that we would be able to make successful trading. With out a concrete plans that it would be hard for you to learn forex trading well. I think you must always draw out a plan.
  25. StevenBendre
    It is a good thing to know about many pairs traded on forex. But, as a newbie, or even a trader, it is not always good to trade on so many currencies here. Because there are too many pairs will give the trader no focus at all here. And then even no profit can be gained here.
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