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euro

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Everything posted by euro

  1. euro
    My best tips will be to learn as much as you can since that will lead you to make better trading decisions and allow you to analyze the market better based on fundamentals and technical analysis. Now, without that you will take a loss a lot so do not gamble with your money or trade blindly like some do and you will lose for sure. You will also learn to manage loss like using stop loss and using low capital and low leverages to trade with and trade only at the right time where there is a real trend to make a profit.
  2. euro
    That is so funny that you have a dream about it. Our brain tend to dream when we do it a lot during waking hours so it just meant to reflect what you did. However, God could be giving you a sign that you will win and you know God come to people in a dream so its possible. I think its normal to dream about what we do all day long. I have not dream about it yet. I have dream about other things that I often do daily though.
  3. euro
    Yes, the rule of thump. I will always have them like use bonuses, low capital, low leverage, stop loss, take profit and money management and risk and loss management. I will also use a trusted, well known broker who do not scam people. I will also leave little money in a my broker's account. I will also trade on weekdays where there are better trends and on Asian trading market. I will also look for good trends and to keep up with news and trade only where there is opp to make profit.
  4. euro
    I have always use a stop loss and even in a demo so that doesn't hurt me and I do not lose everything. I use like 10 to 30 pips to prevent all losses but luckily it works out quite well for me. I lose when I was a newbie and I learned a lot but not a lot of money though. I'm very good at money management so I will not put tons in to lose all. Its not my style. I can control myself and I think as a newbie, you should use bonuses and low capital to trade with.
  5. euro
    I think you should get the experiences in a demo and make all of your experiences and losses there rather than on a real account. I think a person who open a real account is ready for some profit and not for losses or experiences but the experiences of a real account is different so it could help. I guess low capital is low but its helpful if you add some of your own with to trade. Now, any kind of learning experiences is good and you can even trade in a cent account.
  6. euro
    Let's also mention the need to use a demo account after one understand fundamental and technical analysis. You will need to do like five hundreds free trades in a demo to see how you do and get to make mistakes and then also get to see how your games are. If your strategies are good and you make profit then you might be a good one for a live trading account. Now, also one must know how to properly use stop loss to prevent all major losses and also know when to enter and when to exit a trade.
  7. euro
    I'm sure many will do forex if they know about it. Now, many people don't know about forex or even think about forex. I guess since most are used to stocks in a culture like mine, they're always talking about stocks so people are used to it. I like long term stocks but not trading short term, not a good way to gain profit on anything. Long term is always better in stocks but hard in forex. Now, you can make quick money in forex and its easier to understand and predict and also low capital. Forex is a better choice for short term trading.
  8. euro
    Well, you can give it a try in a demo again and keep on practicing to see where you go wrong. If you think its hard, maybe then you need more education or practicing in a demo account. You will be able to make more practice and your skills will be faster as you practice daily and make all of your mistakes there so you will do better on a real account and it will be easier for you if you do it in a demo a lot daily. Practice makes perfect.
  9. euro
    Of course it can since there are some experienced investors who will share their thoughts and you can look through it and I think that is just as valuable as a demo since they will tell you how they fail and they gain so that is something that could help you to prevent losses or make gains. Its very valuable and you will improve a lot if you read in forums and also ask lots of questions if you have doubts. You should take their thoughts into account when trading. Believe me, experience is the best teacher.
  10. euro
    I would not invest in a long time in currency but in stocks cause stocks increase in value so much more than currency in a short period of time plus you get dividends times four per year and also you can add that to reinvest so it works better than currency or real estate. I will not do long term currency cause the market fluctuates so much that you will never know if its going to be higher or lower and its only a guess sometimes. I think you're better off just trading short term.
  11. euro
    It can be but I will never consider forex as a job or a full time job cause there is too much risk. Now, I have a real job and forex is for fun and for side money and to challenge myself. Its like a hobby or sports to me and I do not think of working it full time cause of the risks and I only trade where there is a good trend. It will all depends on each person's circumstances. Some people say they make like 10k or more per month so I guess there are just as many successful traders as not so successful ones. If you make a lot of money then why not. You could do it full time.
  12. euro
    I think its a combo of all of those things. you have to get lucky, and then be gifted with a sixth sense to predict and then to help yourself make a good bet in order to gain profit. So, it all counts. Some people are gifted with a good sixth sense, and they can almost tell when its going to trend and not and when to exit the trade. I rely on this to help me trade and it works for me. I just know when its time to exit the trade and where to put stop loss and intuition works for me. Now, I don't know if this is the same for most other people. I think its a combo of hard work, education, luck, and talent.
  13. euro
    Now, there are a lot of mistakes that a newbie make but they can lessen that with the use of a demo so they should use a demo and do at least 500 trades before they do a real live account. You would make all the mistakes in the demo account. I think they rush into trading and think they can make a lot of profit and then lose a lot before they actually make money and its like having a gambler's mentality. I think they also are not good at analysis of the market or do not know enough to make profit like an experienced trader.
  14. euro
    This is a good post. Most of the thing you mentioned are quite true. Its even scarier in a real account cause now you're losing real money that you have worked all week for and you could lose it in five minutes so there is a lot of fear and emotions and I think trading can give you a heart attack sometimes if you do have health problems. I think we don't care of our moves in demo cause its fake money but we take longer to trade a real account cause its our hard earned money and we're likely to be cheap and trade less and look for more bonuses or that we don't place trades at all and we look for a real profit before we jump in. They're kind of different but you do gain experiences in a demo though.
  15. euro
    I don't think you can eliminate risk fully in forex since it moves differently all the time so there is always uncertainty and you can't control the market so how do you control the risk of not being in control. You can't. You can only make the best guess possible on how it will move and then set your stop loss and take profit so you don't lose a lot. You can control risk completely but not eliminate it. You can control it by using stop loss, take profit, low capital, low leverage, trending, use news and charts, and practice in demo.
  16. euro
    If there is a chance to make a profit then any day is good. It will only depends on whether you can make a profit or not so don't trade if you can't make a profit but do trade and any time if there is a chance for profit. Now, some days are not good for profit like weekends and holiday and certain hours. Good hours are Asian trading and London hours. The timing is everything so when you enter at the right time, you can make some profit and you will lose at the wrong time.
  17. euro
    Well, I think you should stick to the popular one that have worked for you. Many trade euro/usd cause they provide a lot of profit trends and opp to make money. Some do gbp/yen, and this one has worked for me sometimes. Now, it all depends on the market and not even the pair sometimes, so you need to worry about the market cause if there is a demand, any pair can give you a profit so you need to know how the pair reacts to the market. Where the activities are and how they can help you create profit. I think you should already understand that in your demo. Don't try too many but do use a few good ones.
  18. euro
    Well, I think its a nice welcoming gift for sure. Any kind of gift is better than nothing but you can also trade with it in a cent account and see how much you can gain. Five bucks is not a lot but its something that you can trade with. Now I also prefer when they give bonus for my deposit and such and that will make it more fun to use. I also like posting for bonuses and that helps a lot and I know a lot of companies do this like instaforex, mt5, mayzus or fbs.
  19. euro
    This sounds awesome, please do contact me in future for more promo like this. I like to do demo contest a lot cause I'm not risking my own money but I just love promo overall. Now, its kind of bad since I can open account for US clients only so if you're accepting US clients then do pm me for it. I will sign up and play for sure. I'm from US and can only participate in such a company but any referral is welcome and I will click on them for contest.
  20. euro
    Well, you know now that I looked at forex, I see that some pro earn more at it than gambling. You can't tell people that you earn 20k a month from gambling cause it will not happen. Gamblers often lost that much per month cause the chances of winning in gambling is like slim and only poker pro win a bit or else you will burn the chair sitting there trying to win over the house. Forex is a bit better than gambling since you can almost get a bullish trend to work for you. You have a solid chances of scalping or even longer term trading so the chances of gaining is more than gambling so its almost like gambling but you could predict the way the trend is going. You can't predict anything in gambling, and you have to keep the card that you have been dealt with.
  21. euro
    I would agree with you all that a demo is worth a try. It will save you lost of lost later on. You will get to practice like a real trade here so you will see how to set your stop loss or take profit or read charts and see how much you can actually make. This is how you can start to gain some real experiences. And I do not suggest that you trade a live account without trying a demo first. You can make some serious profits if you gain the right experiences iwth a demo account.
  22. euro
    I think I like to trade with low capital at first or bonuses and also bonuses for deposit so we will get more for what we put in. I think I would suggest below one hundred for newbie as you can just trade low and use leverages and bonuses and free money to trade with so you don't have to use your own. I would also suggest that you use cents account to minimize losses and also trade on weekdays for more bullish trend so you can earn more. It will depends on your skills.
  23. euro
    I just have to say as a newbie, you should learn all that you can as you can see knowledge will set the winner from losers so make sure you study as much as you can about forex and all that you can and then read from experienced traders in forum and ask questions. You should practice in a demo account as much as you can and then do live trading and we all learn at a different pace. If you have some financial background that would even help you more. Now, there is a high risk with forex so make sure you know how to manage risks and losses and money well to avoid large losses and this comes first before profit.
  24. euro
    You're so right about that and when it comes to a real live account, you can lose some if you make the entry too slow too. You enter too slow and then lose your best price so you bought it at a higher price and then can exit the trade even quicker so that is why you must be quick or at least practice as much as you can so you can be quick in a real account so you don't lose. You should trade low in a real account first to see how you respond and how the market is so don't rush and don't run cause you will lose. However, if you trade at the right market time and trend you can expect to make some great profit.
  25. euro
    Well, you know you do that in a demo. You will lose all in a demo and not with real money so that is even better than real money right. I think I rather won with real money and lose with fake money if you ask me. I'm afraid to lose with real money. How about losing all at the demo and then never lose again in a real account. Once you've lost it all in a demo, you will know how you lose and you will not make that mistake again. I think losing is a big lesson learn but if you practice in a demo, you can see that you lose more than you gain so trade carefully with your real money. Don't lose too much in a live account since all your learning should be done in a demo account.
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