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Everything posted by ivan
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It is right that forex traders have no other way but to take risk, even if we apply risk management it brings down the potential profitability, so bigger profit we go for bigger risk we are to face. Some use positive interest rates to gain risk free, others stay long term but then the profit is loss.
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How Long Do you spend in Trading Fx Daily?
ivan replied to Aikhen's topic in Forex General Discussion
Well, scalping give us quick money but I think there is very much risk involved here if suddenly market goes against us .anyway I also trading 5 to 6 hours and now I am fixing the time zone because I seen there is not much movement all the time and its better to trade any particular time. -
For sure, forex can be a good investment as long as you ready for it, because forex is high risk investment, if you believe that pairs will give your profit, you can keep it and sold it when the price is up, actually it is depend on your but forex for long term investment, i think is totally possible.
- 336 replies
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- long term forex trading
- risk in forex investment
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Forex trading can be learned, and it's not a talent that has given, your skill and experience will determine if you are a good forex trader. There are really those who are earning good in forex trading as you really amaze with that person, just look at that person as your inspiration.
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Well, the key here that draws the line between a gambler and a good forex trader is knowledge and application of that knowledge to trade. Good traders learns and understand forex before getting into it, plans for their trading so the decision that they make are well thought out.
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Personally, I do technical and fundamental in four hours basis. Meaning each 4 hours I update my target price. But it does not mean that daily I have a hit. Meaning there are some days that there no successful open position. So that means that day I don't have a traded position but it does not mean I did not to any thing that day.
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I see that as long as you are not much in a hurry to succeed in forex. I think we need only about ten or twenty dollars to trade. And we should minimum lot so that we would not lose them that fast. So that we would have time to learn forex and eventually make that money grow.
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At the core we must have a good ability to be able to make forex is beneficial to us and also to make forex as a full-time job because we know to profit in forex is not easy if we only rely on capital that we have even though we have the capital great even without a skill will make us run the risk of losing.
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Why Demo Account Performance Is Often Better Than Real Account Performance?
ivan replied to abdulla1's topic in Forex Newbies
Yes, demo account is only for exercise for beginner traders and for testing our strategy in expert traders. Usually, demo account is better than real account because in demo account is easier to obey rules and it's easier to accept risk. If we made few mistakes, we can take our mistakes but it didn't happen in real account. -
What do you think about free deposit from broker promotion?
ivan replied to kaito kid's topic in Forex Newbies
It's very helpful at all if we get a deposit to play forex trading, because if we use their own capital to play forex that which we can not and do not understand very well how to play the correct forex trading will certainly be a loss. But if we use the deposit by the forex broker we can sharpen our foresight and ingenuity we read the statistics. -
I like your tips about being organized and am too hasty in doing things in forex. One can learn through experience by losing their own money or through the experience of others too. Taking note of those do's and don'ts from the more experienced people may save you from losing some money first before gaining money.
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About me, i think they won't be a day when forex robot technology will be one hundred percent effective. When it is produced by man, it must fail in one point or the other. It's better for only experienced traders and experts, because you can't depend only on robots.
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I think the forex trade is better. The risks are manage by us the owner, I prefer to control my own business dealings. And finally, there is more profit in forex trade than in Hyip. They also involve risks like forex and you can't stop your losses, other people control your destiny, I prefer to control mine.
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Something that we can keep in mind, putting in too much cash and not having any dealing experience-many investors will put a lot of cash into the industry with no actual dealing encounter. Studying to business is designed expertise and if you leap into it with little encounter.
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Importance of Demo Account/virtual account in Forex
ivan replied to abdulla1's topic in Forex Newbies
It is very important to test some strategies first and some indicators before trying it out on real trading. Like if we need to find what combination of indicators to use to be successful in trading better apply them in demo trading for some time. I think that we should do this to be safe and not lose money.- 751 replies
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- forex virtual account
- forex demo account
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I learn Forex and test trade from Demo cash. But now I trade in Real cash only, because I have learnt and tested trade for months. If need real cash we need to use real account to earn real money, you need step by step, newbie must use demo account first and learn about on demo account.
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Forex forum Do you think forex forums can improve my trading skills?
ivan replied to flybiz08's topic in Forex Newbies
The only way to improve your trading skill is by practice it, you only become wannabe trader who want to earn money from some forex forum site like FxFred if you think forex forum will improve your trading skill, rather than to be trader. I know forex forum is important but only to give us knowledge not to improve our trading skill.- 456 replies
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- importances
- added advantage
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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. While practicing we may be trying different techniques and so may make losing trades most likely, and for that reason demo accounts are best way to make practice.
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I can't survive in forex if my determination is low so I really need to focus on one thing. That a trader must know when the market is usually open and know the different market sessions particularly the one you are trading for the pairs since, it's the best to trade with the pairs that has high volatility.
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Our plans must be well studied. I myself follow a few rules to keep my trading to a standard level. My plan is to have a strict money management policy and with taking a position for not more than four to five days.
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Earning via Forex trading is not easy. We can say even with in some seconds the market will just take a turn into any direction. 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.
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The only way which we can earn in forex is by training and hard work so if we work hard then we must be rewarded for our effort. You would need to learn quickly lot about Forex so that things would be simple for you. But if you don't learn well that even the simplest method can be difficult.
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Some people want short term trade so they would trade daily. Some would do long term trade so they don't need to trade daily. I prefer to combine long term trading and short term trading for different pairs. And to trade everyday I think depend on the person and his strategy.
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Forex trading business is not another form of gambling. Forex trading would look like gambling if you don't have much knowledge and skills and you already trading in live account. You must develop your skills first on the demo account so that you would be able to succeed in forex.
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Is it advisable to trade on all currency pair as a newbie?
ivan replied to flybiz08's topic in Forex Newbies
I see that as long you done it in demo account I don't see any reason why not. Newbie must learn how to trade and the best way to learn is via experiencing trading different type of currencies. In this way you will know which pair is volatile and which pair is just moving side way then each currency you can trade depends on the strategy that is good to use on that particular currency. Later on you can trade in real account with confidence. Knowing which strategy is good for particular currency.