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ivan

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Everything posted by ivan

  1. ivan
    Well, about me own opinion, I see that by practicing well that we can learn how to trade well. So I am trying to keep on practicing so that I would be a good trader also one day. So I hope that I would be able to make a lot of profit in forex too.
  2. ivan
    Actually in forex we can have more insight about trading and also we can share something with the other members who must be did the same thing with us and it will make us knowledgeable about forex, but again we still need to do trading and practicing so we can improve our skill in forex.
  3. ivan
    When I was newbie in forex trading field, I was not able to understand cash management; money control means using a lot of risk for your investments and is very important in long lasting success. Having a control technique needs to be included into your software system.
  4. ivan
    Robots can be used even by newbie I think. but with big amount it may be risky because there will not be any control in hand and others way we have to buy this kind of robots with high price and we will not be learn anything if we trade with robots. So I think its better to trade manually even if we lost but it will be our learning.
  5. ivan
    If we blow up our account in demo then it's no problem but we learn from it. Actually I think we need patience to learn with demo also because when here trading with virtual money. Still I trade in demo to test my newly invented strategies which sometime really help me before used in real account.
  6. ivan
    If you want to learn on forex I suggest you to use a real one because demo and real are two things different. You will not get a good trading lesson with demo one. So you can open a real one and deposit with little money or maybe you can choose brokers that give bonus for open account with them.
  7. ivan
    In fact we didn't need to suffer many losses because we still have good risk management to limit our losses so if we suffered losses so many times, it means we have bad analysis and we have bad strategy, or maybe we opened position in the wrong time. We must be back to demo account again to know when is the best time to use our strategy.
  8. ivan
    I always say that is my advice and tips is always following your strategy no matter what. If you trade don't think just do what your strategy is no matter what your guts feel say or what you think is right.
  9. ivan
    Well, there are many new brokers offering for new trader or the one who just opened their account, I even see some trader that give bonus if you do deposit for some certain amount of money, but that amount is bigger than newbie can afford. For me as long as you can utilize it well then it will not a big problem and you can earn from it.
  10. ivan
    It’s true that it's not easy to find out mentor, no matter offline mentor or online mentor, in forex trading. Not all people could find it out, because of that people who has someone who teach him/her, that was really lucky because he/she can learn faster than commonly traders.
  11. ivan
    We must have a high persistence and effort in practice because this is very important especially for beginners because the more trade we diligently practice the faster we understand how to analyze market movements properly and also with the existing experience will create a strategy that we use to trade will become more perfect.
  12. ivan
    Most brokers didn't give too much amount of capitals and we should use strict money management to gain only few cents of profits. It made some traders stressful because they are working hard to gain profits but the profit is almost like no impact to them. It's better to invest but welcome bonus is useful as testing our analysis.
  13. ivan
    Unfortunately it takes money to make money and the more profits or returns you would expect from your investment is more risk that it will entail. The same applies to forex trading because in as much as there is the opportunity to be quite profitable in this area, there is a lot of risk that has to be taken.
  14. ivan
    I believe that forex becoming one's main job or not is rather a case of choice than the prospects. Many, there are who have made forex trading their main stay job. However lots of people consider forex as another source of income. I belong to this category. I don't see forex being my main job.
  15. ivan
    Actually it is still not that easy. We have done learning the basic knowledge in forex unfortunately; we will still have losses or more of it. So, there's nothing easy way in forex trading. Though, we will feel enjoyment and happiness once we have our profits and consistently making it with lesser losses.
  16. ivan
    Well, I think there may be a lot of strategies that you can implement to use in trading. The best feature you can depend on is charts and its indicators. So it will be easy to understand these charts and then you can take the proper decision.
  17. ivan
    For me, it is necessary to trade more than one pair. You can trade as many pairs as you want. However, due to the different rates and different changes that each market goes through, it probably isn't advisable. I am going to stick with a certain pair that I think is my best pair.
  18. ivan
    It's known that trading in the forex, market without a trading plan is just a prerequisite for failure and losses. Forex trading requires a trader to have trading plans at all times and then implement or follow the trading plan. Most traders lose because they abandon their trading plan.
  19. ivan
    One of those tips, keep a awesome head, get motivated about currency dealing trading, keep on learning, keep the learning process at your own speed and master this disciple of foreign exchange market dealing in few years to call yourself an experienced investor.
  20. ivan
    Newbie are supposed to withdraw all their profits when they trade because forex trading is a risky business and must be followed with appropriate care. Compounding system is good if we made plan to do that. It's bad if we compound all of our profits and we never withdrawn it. That is risky to our psychology if something happen in our account. We can feel we didn't get anything in all of our hard working so far and it made us lose spirit to trade again.
  21. ivan
    Indeed if we should also have a monthly target on our trade order management of our money would be better but we can not do that if we have not been able to do a run consistently on a daily profit on the trade we do because to get any profit target month will be very difficult if we can not be consistent with our daily earning.
  22. ivan
    I note that there is also an element of Luck in forex trading. No matter how hard we worked to analyze the market, it is still unpredictable. If it is unpredictable and if no strategy is perfect, there will always be times when you would wish that Luck is on your side.
  23. ivan
    I think that the best place to practice the forex trading is by using the demo account here. And the next thing also, we can try to use the free money, like from the forum or from the broker's bonus to open the real account to trade on forex here.
  24. ivan
    Well, actually I think that that's a matter of convenience really. I guess my final take on the issue will be if the trader can afford a mentor-fine and good. Otherwise, there are still a lot of online resources to lean back on.
  25. ivan
    Robot forex has many disadvantages. It cost us very expensive and our computer needs 24 hours on. Beside that robot forex doesn't make a good return in reality because most of the profit shown in their advertisement are already been modified. Most of the robot forex sales shown their profit trade and hide the loss, it makes us only see the positive side.
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