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euro
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Everything posted by euro
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Well, it will also depend on who is trading. A gambler who just want to gamble will treat Forex like gambling so Forex is like gambling to them and there is no difference. But someone who see forex as a true career then its not gambling. Forex is in no way a gamble to me. I have like ten ways to reap profit from a trade so that is more chances than a gamble which is red and black or fifty fifty so the probability in forex is so much higher and therefore not a gamble and so much better than gambling.
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Why not? If you make money everyday then every trade every day is a chance to get wealthy. I would lose to trade every day but time does not permit me to trade daily. I think you trade as much as you need to and as long as you make money there should be no limitation but if you lose daily then cut back on impulsive trades.
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I have some tips for you, start low on capital and risks and leverage as many newbie lose miserably so that way you will not get frustrated in forex alone. You should use bonuses and post for bonuses as well. You should learn about using stop loss and try to use that at all time or at least in long term trade cause prices dip very low over night. Also, keep up with news daily and don't trade on Friday.
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I would say that a real account is more exciting and I mean when you gain real money, its so exciting. I love it when I win like 90 pips or so easily in an hour and forex can make that possible. Forex real account can give us a sense of accomplishment and see our skills in real live trading. I think a demo is useful but then as soon as we trade in a real account, we will learn even so much more and we will see how we react to the real trading live environment.
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Importance of Demo Account/virtual account in Forex
euro replied to abdulla1's topic in Forex Newbies
Demo account is one of the most valuable thing for any serious trader. Without practicing in it, there is no way for you to be good in a real live account. You think you will be good but you will lose as you lack experiences. A demo serve as a platform for you to gain experiences and experiences are very important and a priority in forex. Once you have made enough mistakes you will not repeat them in a real live account and therefore you will make more money.- 751 replies
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- forex virtual account
- forex demo account
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I know you will learn a lot when you lose. When you lose, you will learn and then you will not repeat those bad mistakes again. Losing is a big lesson in forex. I know that I will not trade on Friday as I've lost or hold my trade over the weekends as I've paid swap so I didn't like that part. I also will not open impulsive trades but as traders we get impulsive. I also will not trade unpopular pairs as you can lose easily with it. I think in forex, we should learn from our mistakes and others as well.
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It all has to do with sweat equity. We have to work hard at it. We have to learn and then we can earn. There is no earning if we can't learn about it. In forex, you earn when you learn and have experiences. When you have experiences, you will be a better trader than anyone else. Forex is a place for brain work so don't gamble and don't take the easy way out. Many do gamble and they end up losing.
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What do you think about free deposit from broker promotion?
euro replied to kaito kid's topic in Forex Newbies
If you're losing all the time, then you have to post for bonuses as it will help you earn and then you can make some more money in trading. In forex, its easy to lose so make sure you assess your skills and then don't repeat them to avoid future losses. If you lose a lot, it could be that you are making some sort of mistake or risks and you should tone it down. Bonuses are a wonderful thing and it helps everyone. I think broker should also give bonuses to US traders. -
Forex forum Do you think forex forums can improve my trading skills?
euro replied to flybiz08's topic in Forex Newbies
I helps you read about brokers and learn from experienced investors so in a way it gives you a brand new angle of information. You can't get that anywhere else but in forums. In forums you get to ask questions as well and then discuss as well so that you do get help if you need it but you can't get that kind of attention elsewhere. Forex forums can be really good but just watch out for spams.- 456 replies
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- importances
- added advantage
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If you're more careful then there will be less risks. If someone who trade in the hundred of thousands then he has a lot of risk to lose high capital but if you trade only little money then you don't have to worry as much. I think in forex you have to work hard at being more careful and better and then your risks will be reduced as well. Manage your money and losses and you will lower your risks.
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I don't have to use a robot. I can trade really well and make good money on my own so therefore I do not use a robot. How about you? If you think a robot is helpful than you might use it but beware of scams and expensive robot that do not help you make money. I think robot has limitation and we are also much better than robots. I think robots are no way as good as a real trader anyways. A machine can't be as good as a human being since we're the one who make the machine, we're better than them.
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I personally do not use any mentor as I can learn just fine on my own and make good money in forex so mentoring is not really is for me. I think sometimes, I'm better off without an impatient mentor anyways. Most of the time, they're impatient and they do not help a lot but just want to get paid so therefore I avoid using them. I also prefer to earn on my own and learn on my own. I think forex is easy enough for me to go without one. If you need one, you should use a in person as they can interact better.
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Is it advisable to trade on all currency pair as a newbie?
euro replied to flybiz08's topic in Forex Newbies
I think that is a good plan. Trading all pairs will be very confusing. I think as an old trader, I'm still confused and only trade like three pairs so why should a newbie trade all of them. A newbie must only trade one or two so they can learn about forex but get use to popular pairs and their behaviors and how they can make money from them. I think trading with euro/usd, or euro/yen are good as they are popular pairs. -
there are scam brokers out there. They don't have to be completely scams but the little thing they do can be scams. However, there are many regulated brokers so we must choose them to avoid scams for sure. They can do weird trick like snipping or high spread to earn from us. I've heard of FXCM charging their traders hidden charge overnight. Also hacking into your account by hackers have happened as well.
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I think one of the main reason is also lack of learning. They just want to earn. I think there are good opp to earn in forex but we must be patience to learn all about it and then afterward we can make more money. I think being hasty will pay off as well and you will lose money. I think also newbie who do not yet have princesses in the real market will make a lot of mistakes and thus losses. They must also know fundamentals and keep up with news daily.
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They're offline again. I went over there and posted a lot there and then they went down. I think I might think twice about spending way too much time there to post. I mean if its down all the time it will not help in retaining posters. They might forgot about the forums as they're very busy with other forums. I'm hoping that he will be back soon. I like the forum and I love posting there.
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I think its easy to make money. I mean when the trend is bullish, they have no where to go but up so you do make good money doing it. You should look out for scalping opp as well as long term opp. You will make good money with both methods. Forex can be easy after you acquired knowledge and practice and experiences. You will do well if yo know what you're doing. Its all about skills and talents in forex.
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How Long Do you spend in Trading Fx Daily?
euro replied to Aikhen's topic in Forex General Discussion
I spend a lot of time in trading. In days where I have off, I spend all day trading. I spend a lot of time looking at the price on all pairs. I enjoy forex and I do make good money trading so I spend all the free time I have on forex. I think its worth it. Its better than not spending time doing forex and then spend time doing other things that are not worthwhile or give me no money. -
Not necessarily for newbie. Its harder for newbie to make money in forex as a newbie. You will lose more so you need money to pay for you bills so keep it. After one year of trading, it might be possible for you to do it full time. Forex is possible for you to do it full time. I think it comes with experiences though. Its very hard to make money at first but if you stick to it you will make money in the long term. Forex can be very risky too so if you depend on something that risky for your entire life obligation then its a lot of dependency.
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THIS HOW TO KNOW WHEN TO BUY AND SELL IN THE FOREX TRADING
euro replied to smithlover84's topic in Forex General Discussion
There are certain time that you must buy and certain time that you must avoid buying cause it will cause you to lose money. The best time to buy is when there are two markets overlapping and the worst time if off of market opening. Since volume will be lower and harder for you to profit so buy when the market is open. Also, don't buy during bad news as the volume of trades are much lower cause people are scared of bad news. -
You're not afraid of hyips scams. I'm very afraid of it so I do not use it. I only do forex and its good enough for me. I think forex is a great way to make extra income. I stay away from hyips due to the massive scams reweaves about the program online by users. If they have that much scams then why would I want to use it anyways. I like forex much better cause there is no scams in it. You can make as much as you want.
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Forex forum Do you think forex forums can improve my trading skills?
euro replied to flybiz08's topic in Forex Newbies
One thing that a forum can help you is real trader telling you to manage your losses and risks cause they have loss and they know. So in a way you're getting good content as they're losing money and they're telling you to stay away from it. You get a lot of real story. I will tell you one in this forum that you rather lose with cents on your first fifty trades on a forexcents account since as a newbie, you will lose a lot due to lack of knowledge and experiences. As you build up your experiences and knowledge you can then try a bigger account.- 456 replies
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- importances
- added advantage
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What risk management strategy that you used?
euro replied to andry777's topic in Forex General Discussion
I use stop loss all the time on long term trades. I exit the trade as soon as I see it turn downward. I watch my trade very closely. I try to build as much knowledge and experiences as I can and I do not gamble with my money. I do modest amount of capital to prevent a lot of losses. I also use low leverage to prevent total wipe out. I do not trade during non market hours. -
Traders Union - International Association of Forex Traders
euro replied to megrawab's topic in Forex General Discussion
I post there as well. Its a nice union. I will use some of their products. I like how the site is designed, very professional. I've been posting on there and I really like it. Its a very nicely put together forum. Its extremely professional and pay high and have a lot of good content as well. I would recommend them to anyone to join and post or use their services.- 16 replies
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- forextrading
- forexbrokers
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Factors That Influence Forex Demand Trends
euro replied to smithlover84's topic in Forex General Discussion
Yes, news can be a factor as well. News can affect trading as well. News will change the trends significantly all the time so we must keep up with that as we go through news and such. WE must learn how demand works as well since the herd will change demand curve as well. Economics activities will surely change prices as well or market opening or volumes will change it as well.