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euro

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Everything posted by euro

  1. euro
    Forex is the exchange of foreign currency in an international market. Anyone can trade if they have the money and able to open an account with verified identity at a broker's website. You can use bonus to trade or free money or leverage to trade. Its a 24 hour online marketplace. There are many brokers to choose from and best of all there are chance for you to make profit. You have to learn enough to know how to take a profit so its about knowledge in forex and don't let other people failure stories discourage you if you are good at potential trading. However, forex is high risk and so open a demo to test out your skills.
  2. euro
    Well in order to look for a good broker, just go with a very popular, trusted and low fees ones. I found places like etoro to be a good one. I know instaforex and fbs are very popular so there is a reason for popularity as well cause they're trustworthy and many uses them and they do not give you problems and service is good. Now, you are looking for trust so you can get your money out and also get help. You're also looking for a good trading platform and security, no account hacking please.
  3. euro
    Its always is advisable to put a stop loss. Cause without it, you can't possibly make money. We need stop loss cause the market swing so much and you need protection to at least lose only ten pips instead of all of your money. I would not trade without using it. You need to use it in order to prevent all losses and you can end the trade if you are watching the screen too. Now, risk and loss management is the basic of successful trading so you should put a control to it.
  4. euro
    Well, they're a business and no business in the world would allow someone to come in and deal wit them with no accurate identity right even if the scam rate is low. Its just a basic requirement and a way to do business. Lets just at yourself. Would you allow someone to put in money and withdraw it and trade without knowing who they really are and when they decided to file a complaint or lawsuit against your company to the feds for scamming them and you did not. How do you prove yourself? You have to be able prove yourself at least. This is a way for them to protect themselves from scams and loss. Even in forums, you get people like open ten multiple account and try to scam the owner so why not in a place where high money is involved at all. I guess in some country you will feel like its not needed but where I live, its a common thing to be ask for proof of ID, even to buy grocery. Just depending on where you're from.
  5. euro
    Have you learned all the languages of fundamental and technical yet? You have to know all of them. then you must do good in a demo. Once you do well in a demo and show signs of your abilities to make profit then you should proceed to a real account. If you keep on losing after like five demo accounts, then it shows that you do not know how to take a profit then you need to practice some more or not consider forex as a trading gig for you. Its best that you keep your day job as there is a high risk with forex and its not stable enough to pay all of your bills for your babies. You need to also know how to tread charts and managed all of your risks and losses to do it better.
  6. euro
    Its fun if you can gain profit from it. Its better profit than low capital but also high risk. However, your trade is monitored so they will end your trade if its in trouble so its not like you will get to lose all of it. So, you will get some supervision when you use leverage. Now, leverage is alright if you use it modestly and anything in moderation is good.
  7. euro
    I think its advisable that you use low leverage to prevent low loss and prevent margin call. But you will be monitored by the broker if you use high leverage and they will take your trade off for you before you go into a big loss. However, you might have to pay interest for high leverage so stay low on your leverage but always best to go low as newbie. You just want to trade modestly. Anything in moderation is good.
  8. euro
    As a newbie, a good strategy would be to always trade at the right time like Asian market time or London and also avoid weekends and holiday as these are bad trends. Its all about the right time, the right market and the right trends. Now, if you hit the wrong time, wrong market, and wrong trend, you will lose money so do not trade during those time and you will be fine. Its all about your knowledge and skills so you can gain or lose and all will depend on each investor or trader. No two traders are alike. We all have different knowledge, control level, talent, and understanding. Lastly, we all analyze differently and take risk differently so no two traders can be the example of forex failure or success. It changes with you only. You can profit in forex or lose. All will depend on you.
  9. euro
    From my experience, I do gain in a good trend and lose in a bad trend so it will all depends on the market and the rend and your decisions whether to open a trade or not. I learned that its better not to open too many trades and don't open trades in a low market. I guess a lot of your profit will depends on your skills. I guess in forex, one need to be skillful like an eye doctor and pay attention to the little details or else he will lose. Forex calls for the tiny little thing that will affect your trade. Now, you can gain or lose and all will depend on you.
  10. euro
    I've seen a wide set of sl and it works better that way than a really tight spread. It helps cause the numbers bounces so much that you will lose your trade if its too tight. If you use like 15 or below, you will be taking out pretty quickly so if you use 20 and above, you will stay in the game longer if the rend is bullish to allow you to take profit before it comes back down. This is from my experience. I used a wide spread to catch my profit before I will need to worry about sl.
  11. euro
    I think its not necessary if you know what you're doing since hiring one is very costly and I'm not even sure if they're effective. You know, since you will always need to know so you can trade better and gain more profit, you will need to trust your ability to make analysis. I trust my own far than anyone else. In this world, there is no one out there that is honest about helping you making money until he is paid or made money first. He's out there for himself so I don't trust any kind of advisers out there. So you do have to be careful with listening to people since you have to question their abilities to help you or hurt you or just bs you.
  12. euro
    I think that stop loss is essential but I think that there are a lot of things that a trader need to look out for so they don't get rob blindly. You get robbed blindly sometimes in this kind of world. Especially if someone has something to gain more than you. I think you should know it all to avoid losses but a lot of people also lose all their money without stop loss. I think that as long as you have a better advantage and give brokers no reason to scam you then you're good. I'm worry about being scammed by brokers. Things like not being able to withdraw money is scary too.
  13. euro

    Forex Fact Sheet

    euro replied to rony's topic in Forex Newbies

    Forex is a side gig where you can make profit in a good market or trend. Now, not everyone make profit and most newbie lose their money so its advised that you also open up a demo and then practice until you can make some profit and then start a real account. Since, its easy to lose money, you should trade with a lot of risk management in mind. You should trade with low capital and make a steady profit instead of rushing into a big profit and lose all of your money. So be patience in trading.
  14. euro
    Forex is the trading of foreign currency. Its a 24 hour business. Anyone can do it. You can trade and anyone else can trade if they have money or know how to do it. You buy low and sell high or buy high and sell higher and hope to make a profit. Its a big market that happens daily. People trade daily. Forex is a high risk kind of market so trade wisely. Its advised that you open a demo and practice before you lose all of your money and avoid scam brokers online. Forex can be a thing for some side money but I advise people to keep a job as well.
  15. euro
    I think they're helpful but it doesn't mean that you should put everything on it at the same time cause more will only confuse you so only put on what you can to help you make a profitable trade. Sometimes less is more. There are a lot of good indicators but you don't need all of them, you just need some really good, and solid ones to help you make decisions when you trade. You can use charts and then like three other indicators and that should be enough. I think keeping up with news is a good indicator too.
  16. euro
    I go with the trend most of the time. I think that helps me but also the fundamentals also help me. I think that fundamentals will also notify you when a good trend will be ahead. If you know there will be movement than why not. I think a good trend is hard to beat and you will get that feeling that it will remain like that for at least an hour or so so just jump in and scalp some money and get out. That's how I do it. I like to jump in and scalp and get out. I like trends and they're the only thing that I trust. I look at all minutes, hourly, daily and weekly trends.
  17. euro
    I think you can but its kind of risky since its hard to type in input and it take too long if you want to enter a trade or get out of it or make changes and hard to see graph so that is why I prefer a good charged up laptop for trading cause I'm more in control. Its hard for me to be in control when it comes to using a phone for it. But you can do it though, just that my phone is not that great at internet and I get kick off sometimes and then it goes to sleep so its hard to control it.
  18. euro
    You can make some profit. I don't know about making a living off of it if you're a newbie. I think its hard for a newbie to make a living off of it. I think you can scalp some side money sometimes or in a good market. If you work hard at your strategies and keep a disciplined trading profile then you can make money but don't get too greedy or hasty with trading and you can lose it all like a gambler. I think forex can turn you into a forex gambler too if you are not able to control yourself. Now, making consistent profit is better than no profit at all.
  19. euro
    It would be nice to make a living off of forex but now I find this almost too difficult. I can make some profit in lucky time but it doesn't mean that I will make enough profit to survive. I'm keeping a day job and its a sure way to gain some profit. I don't think I will ever be able to make a living doing forex full time. Its way too risky and I'm not risking all that money just for forex. I prefer to work instead and play forex when I can and when I can make money from it. I think its great if you can live off of Forex.
  20. euro
    I think it would be nice to be able to ask yourself that kind of question. For me, I always have so many bills that I will never have the chance to ask such a question. Before I ask it, all of my fund are in negative balance. It will go to pay my bills and then more bills and then more bills. But like some of you, I will withdraw it and keep it in a bank account just in case stuff happen like LR or the broker disabled our accounts.
  21. euro
    Thank you for warning us and I think you're right about that. Yes, those are just scams. They're nothing but sales and they're trying to gain more sales by posting fake results. I can see it. Now, robot can also be programmed to give the owner the robot more advantages so in that way you will be rip off as well. The bot can always be program so you will have some disadvantages. I think we need to think twice before paying for a robot. We're a better elevator of the market and we are free so why buy something that can go wrong.
  22. euro
    Yes, you should not take big risk if you're not able to handle it. Big risk equal big losses. You will lose a lot of money if you use high capital or leverages. I don't think its smart to lay it all out. Its better if you trade slowly but surely. You gain a steady medium profit and over time you will accumulate more profit than not. I think its not smart to trade too big of a size since forex is way too risky and the market can turn against you any time. You should calm down with your trade and do a medium size the max. The more hasty you get the faster you lose.
  23. euro
    Yes, I would have to agree that a demo is totally necessary in order to avoid big mistakes. We can learn from our mistakes there. You want to lose with fake money and not real money. You also get to see how you made the mistake so you can noted and not do it again. This is a valuable asset to have as a serious forex trader. You will always have a platform to practice on and to make mistakes so you won't have to make it in a real account. I think its essential to controlling loss and mistakes. You will get to gain experiences and see how trading really works. I guess one trade equal so much more than a week of speculation. You will learn it all in one trade. You will see how you make mistake, how you profit and how you end up losing or gaining.
  24. euro
    You can but you have to be a pro trader or else you will lose one k a day. Its more like most traders would lose that much if they're in a hurry to make that much. I guess you have to be patience in forex cause haste make waste. Now, if you are too greedy then you will be like the gambler and you will lose it all so be careful and just trade with what you got and try it slowly but surely. Now, you can gain that much on a Monday Asian market trading time. There are a lot of bullish movement for you to make some profit. It will depends but if you're a pro you can do it. I've heard of pro making like 20 k a month so that is like almost than one k per day.
  25. euro
    That sounds just about right. A robot is no way better than a judgmental human being so I woudl like to use my knowledge to help me gain profit and its not hard so I would only use my own knowledge to gain profit. I think a robot is a robot sometimes so I do not want to work with it and the market fluctuates so much and I'm just curious as to how good it is at helping me making a profit. I think everyone should use their own head to make money, less expensive that way.
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