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euro
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Everything posted by euro
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Of course all forex traders must have a plan. I would not go without one. My plan is long term trading. I find it profitable for sure and its less risky and also a very good way to earn with forex. I think its a way for me to trust in forex and to have something when I invest my money in forex. Yep, long term trading is my plan and it works just fine for me. I also suggest newbie to do long term trading and make more money that way. Its a sure way and scalping will cause a lot of losses and should be for the experienced only.
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The question should be is it easy to lose as well in forex. In forex, its easy to lose a lot of money. You lose more than you earn in forex. In forex, its very risky so you must beware and also use low capital and low leverages and also use stop loss at all time so you can save your account from total wipe out. You can earn but you must know how to do that. It is not gambling in forex. Its easier to earn in long term trading like at least one day of holding on to it.
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Most demo expires in one month. But you can sign up for another one at another brokers. I recommend that you do as many trades on it as possible and open as many trades on it as possible so you know what is going on. As a newbie, you must do like 1000 trades on a demo in order to catch it all good and plan out your strategies well enough. The more mistakes you make in a demo the better since you will not repeat them again ever in a real account. So use them and use them again to your advantage.
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Yes, a robot is a program done by a human coder so how can it be as powerful as a human brain. Its limited to what the programmer tell it to do so very dangerous as well if its a robot by a broker. You will lose for sure. I will not use it. I have heard bad things about it so I will not use it cause its not profitable. I think robot has its limitation and human can do so much better than robots.
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In forex, we have to be independent and have our own mind and strategy or else we will not gain that much. We need to think for ourselves in order to earn. If we can't think for ourselves than how can we earn. God will not give you forex dear. You have to teach yourself and then work hard at it and then earn for yourself. Forex is all about knowledge and determination and self discipline.
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What do you think about free deposit from broker promotion?
euro replied to kaito kid's topic in Forex Newbies
I like it. I would like it if the amount is $100 or more. Its fun when you can trade with that much money don't you think. Most of them time they only give you like five bucks but still fun. I like the forum posting bonus the most except that most of them do not let US users use it. I would like to post and then trade but they will not allow US traders to trade. I despise those forums but posting for bonus is cool too. That is the best way to do it. -
Are you comfortable with doing business online.
euro replied to Forumtech's topic in General Business
Yes, its very easy to do business online but hard to make money sometimes. Some websites have to shut down cause they do not make money. I mean you go to ep and see like a list of 4o somethings forums and only like five of them are still alive and paying and the rest went to shut down so that is to tell you that most businesses will shut down and will not be successful. I also think that some businesses out there are too hard to maintain and they need superior management or else they will fail. -
I like moneytalkvillage cause its unlimited posting. I also like digitalcashpalace cause they pay very quickly like in three days of requesting. I also like slicethepie cause they have paid me like ten times and very fun to use. I also like places like bukisa where they pay you to blog or triond or helium. I also like Google products a lot. I like facebook too of course. I get to follow a lot of my favorite celebs and news on there.
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You can make money online easily by posting in forums, writing for content farms. These two methods are very easy to do and you will get paid to do it. You can also get pay to do surveys too like pollbuzzer or paidviewpoint.com. These two have paid me so they're good site to trust in. Also, you can post for forex bonus and then play with it. You can then withdraw the profits. I think posting for bonus is a great way to earn as well.
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Well, you can post on forums for money or write for money and they do not cost you a dime to do it. Also you can make youtube videos or sell on Ebay. There are many ways to earn online. I find that writing or posting is more promising than marketing or doing clicks surveys since there are many scams and they do not pay simple because they are out there to make money for themselves only.. I do not like scammy sites online. There are so many of them. HYips are scams.
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Why can't we all just take a deep breath and control ourselves? Its not that hard. All you have to do is open trade when there are money to be made and then you should be ok. The only time when you will have problems is when you open way too many trades and you are hasty and do not control your emotions, money or losses. Also, when you are way too greedy you will also run into a lot of problems. You should be patience and trade only when you can make money.
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3 Tips For Currency Trading Success
euro replied to smithlover84's topic in Forex General Discussion
Knowledge is the building block of success in forex. Without it, you are just gambling and throwing money away. The strategy can be simple so why not learn some good strategy and don't gamble with your money. One good strategy is to do long term trading or at least one day worth of trading and not two minutes. It absorbs more risks that way and it is more certain and more profitable. If you buy it low, it will go up and it has no where to go but up during business hours so you make money. -
But other incomes stream might be less risky. For example, Ebay and Youtube are both earning place but so much less risk or if you open your own business you might make more money too and look at places like craigslist or youtube or facebook, they earn a lot without risks. However, there are earning opp but also there are a lot of high risks as well like losing a lot of money. I think its a double edge sword. You can earn but then lose as well.
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I think the site is so dead now. The admin is one experienced one but I can't believe that he allow his site to go down like this. There aren't that many posters there. And he does not pay and only pay like once every three months so that is not very encouraging for members to post. I mean how will anyone want to post when there is no payment and that there are not that many posters for them to interact with. I think the admin need to pay frequently so he can bring activities up.
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There are many other forums that do not do deductions and offer 4 cents per thread so the site has some competition. Plus no one there talk forex so its hard to talk forex and cash out. How can anyone cash out when they do not pay for any section at all except forex, ptp, and hyips. I mean come on the site has to have better programs for posters if they want it to be busy. The website doesn't even load. It takes me forever just to get around it. I do not post spams but always get like 20c deductions and its very difficult on the poster since the rate is low and then you get deduction.
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That will be right. We will need to learn as much as we can regarding the forex market or else we will lose a lot and disregard how much we will still lose. However, in forex, its good to just invest in the minimum and not overdo it since we will risk too much. Its good to risk only the minimum and still come out with some money instead of losing it all. Its best to gain some profit rather than gaining a lot of profit all the time and then losing a lot too. We just want to gain a modest amount and absorb some risks in the process.
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I think one has to have some sort of fundamental understanding before listening to the news or reading it since without it you will not have a clue what is going on anyways. Now, I think listening to the news will give you some good understand of the current market conditions and will help you trade or not trade better. We will always need to know how strong our long currency is and how weak the short ones are. We will need to know before we put down our money and news does help us in that.
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I trade every day too but I only have like one or two open trades. I'm a long term trader since that will help me more than scalping. I think its possible to make money in scalping but way too risky and the profit is low in pips so I rather have high pips than low pips. Also, I think I don't want to trade when the market is bad and I do not open trades on Friday. Also, I might also only have one trade for the entire week. I think over trading is exhausting and also make you tired and wary.
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Can no deposit free money help you achieve success on forex ?
euro replied to kaito kid's topic in Forex Newbies
I think some help in the intro is encouraging so you don't have to put out your own money and still make some profit. Its kind of fun if they give you a bit to trade with and its useful if you're in a mini account. You will have a lot of time to practice. I mean a couple of dollars will not yield you that high of a profit but you can have some fun trading with it. Now, in the long run you will need to post for bonus or need to practice so you can use your money wisely and still make a profit. -
multiple forex broker Trading with multiple forex broker; is it advisable?
euro replied to flybiz08's topic in Forex Newbies
Well, you can trade with more than one to see which one favors you the most. Sometimes some brokers only sound good in a promo but when it comes to using them you will find a lot of problems so most likely, you will see some that is better than the others. So you should use those that are deemed best by you. You should use brokers that offer the lowest spread and free swap and also no snipping. I think there are some scammy things about them so you should beware.- 106 replies
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- disadvantage of trading
- advantage of trading
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The demo is the best place to practice indeed. There is no where else better to practice then the demo. You will find it better to lose with fake money than real money. Real money should not be wasted. You should still use them as a real trader since you will always need to refine your work and always need to practice some more strategies and the demo is the place to do it. You can also take advantage of a cent account since you can also do a lot in a cent account to learn real trading environment and also to reduce on losses with cents too.
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Importance of reviewing our trading history
euro replied to PROPENSITY100's topic in Forex General Discussion
We should review them and make correction in order to do well next time. Its always is imperative to correct ourselves since we open failing trades as well. Many of us trade on the impulse so you should beware of that. I always look at my winning and losing trades. I guess I lose more when I don't concentrate and I just trade for the heck of it and don't even exit on time. But my winning ones are the controlling ones. -
I guess so and its one way to survive. We should learn to work hard and practice hard and keep disciplined in order to gain money from forex. Forex is for those who can value education and can be patience. Long term can pay off in forex but short terms are no good. There are way too much risks in scalping so an inexperienced person can lose quite a bit in scalping. I think that practicing daily will make newbie a good trader.
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why many people see forex trade as gambling?
euro replied to rockstar's topic in Forex General Discussion
Well, they see it as gambling maybe its cause they gamble with it. I don't see it as gambling. If you do binary then it might be gambling. However, there are more certainty in forex than in gambling so its not gambling. In gaming you can't see your incoming cards and you can't stop loss bad cards but you can do that in a forex trade. You can exit a bad trade without a lot of penalty but you can't exit a bad card game and not lose all of your money so there are major differences. -
I doubt that a newbie can make a living from it. They will lose so much more. They will lose more than gaining. I think making it full time is more so for the experienced and pro trader. If you're a pro trader, you can do it full time and don't have to worry about losing money. You might make enough for one month in one week. Also, its safer for newbie to keep a job since that will help them with some money to pay for their bills first.