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Everything posted by TenkoFx
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having a good trading capital is vital if you are become successful in forex and make good profits out of it but having that capital without the knowledge is indeed useless because you will likely lose all that money as you dont know what you are doing. Forex remains a good opportunity to earn online for those individuals that are prepared to do what it takes to learn and better their skills.
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We can use demo account to make practice in forex trading. It's free risk but i also doesn't mean that we use it for trading without rule. We must maximize demo account as well as possible. By using demo account, we can learn about forex trading and it will be useful when we are trading with real account. The experience will help us to prepare ourselves to face real market situation. And using real account, we can earn money. But real account with minimum deposit is also good for making practice to hone our psychology. Try standard account in TenkoFX, we just need to make deposit $10.
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traders can decide to trade everyday or not. depend on strategy. scalper probably will trade everyday and take advantage from daily trend and volatility. but long term traders won't trade everyday because they are take advantage from major trend movement which require them to less trading.
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if we can get a consistent profit forex then we can make it work anyway. But getting consistent pofit not easy. We should have a lot of knowledge and trading skills well. I for now, just to make forex as a part-time job.
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as long as we are willing to try, we can surely achieve what we want. Nothing is not possible that we can get as long as you try. Lose money in forex is not the end of our trading, make the experience as the best teacher because we get a valuable lesson from the experience we have experienced. Take a survey and get $5
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Stock market is higher risky than forex market. Those who want to make profit in short time forex market is suitable for them. We can trade with low investment in forex market but we need to invest huge capital in stock market. All people can't afford stock market but most of people can afford Forex market. So my vote goes to Forex market. try minimum deposit with 10 USD in TenkoFx
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Can no deposit free money help you achieve success on forex ?
TenkoFx replied to kaito kid's topic in Forex Newbies
we should have good money management skills. And we must be discipline when trading. It's not a problem if we start trading in forex using our money. We can make minimum deposit in our broker like minimum deposit 10 USD from and the other we can get Take our quick survey and we’ll add $5 to your account from TenkoFx -
While trading we face many psychological effects on trading. In fear , greed , happiness and sad mood our trading is disturbed. when we are in loss we are much disturbed. So it is advised to do trading in calm and normal mood when you are fresh to understand market.
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easy if trader have good trading skill and able to make good trading decision in trading. however, when trader still lack of knowledge and even skills, surely that trading is difficult and they will have a hard time just to make their capital not reduce.
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Profit without risk cannot be a reality. so I think a trader should accept the risk if he wants to make some good fortune trading in Forex. However this risk can be minimized if a Forex aspirant makes necessary efforts to learn about Forex and its strategies. Greediness is severely punished in Forex trading so we should keep ourselves and our strategies free from greed. Disciplined trading can bring about wonders in the long run.
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Do you think compounding is important?
TenkoFx replied to andry777's topic in Forex General Discussion
Compounding is not advisable for a newbie to compound because the higher the capital the higher the losses will be. If you compound your all profit then on a loss day your entire capital that include profit also will be at risk. -
I think we must look at all of them for short term and long term trading to gain an insight into how that pair is moving. I think looking at moving averages also give us an understanding of how things will work for the pairs. I also like to look at peaks and lowest points so I know when to enter and when to exit. I also like to see how it moves on a certain day but m1 and h1 are my favorite as they give me a clearer picture for my current trades.
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I like first time H4, to determine Uptrend or downtrend. then used H1,M30, M15,M5,M1 to find best and accuracy timing to entry position. When I used only H1, still there was deviation in analysis, but using H4 is powerfull.
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what is matters most in trading forex experience or skills?
TenkoFx replied to amy211eg's topic in Forex General Discussion
i think having both experience and skills are necessary to trade in forex. If we have skills but no experience then how we can succeed in Forex. So get some experience then we can use your skills in right way. Take a survey and get $5 -
Earning in forex sure requires hardwork with hard work we are able to learn about various trading strategies and put to practice. Among them we would choose the one that is the most profitable of them all.
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forex is a good business for the students
TenkoFx replied to davils9's topic in Forex General Discussion
forex trading can be good part time job for a student as he can make money for his studies without taking money from his parents and if he starts getting knowledge of forex from now on then he can become very successful trader in his future. -
My goal on forex is to make consistent profit. I have a dream to take forex as my career and to become a successful and professional trader. I want to build my career with forex because this business has freedom of work.
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our collective goal is to maximise profits, but traders need to understand that they would also make losses, but the goal is to maximise profits and minimize losses. [*** link deleted *** ]
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Each trader has a different style and personality. Some traders prefer shorter time frame charts such as 5 and 15 minute charts while others are more suited to the daily charts. It is important to find out what style of trader you are and then stick to that style. Trading with a low risk per trade and a good reward: risk on each trade will ensure your emotions do not dictate your trading. open account PAMM with TenkoFX for the chance to manage up 100.000 USD
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Yes there are many pairs who moves slow and there are so many pairs who moves fast gold pair works very fast but in this condition you may take big profit or big loss you its up to you that you like slow or fast markets. let's see the Education Video
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Do you think compounding is important?
TenkoFx replied to andry777's topic in Forex General Discussion
It's important think. But do not until greedy and excessive confidence arise in us when we are getting to know the trading capital. And if we wanna compound, we have to make profit consistently, so we can withdraw it and compound. New Rebate System -
i think forex trading business is not an easy business this is very difficult business this is very risky business but we can not depend on just our luck for success in forex trading business and we need learn completely for earning in this business. Take a survey and get $5
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practice to be consistent on the profit obtained
TenkoFx replied to rizal83's topic in Forex Newbies
i believed that forex is very high risky business so consistent profit is not possible because market all time do the up and down so if you try to follow to news and do the trade with news then you can be make profit consistent if you do the analysis perfectly.Take a survey and get $5 -
I am a long term trader so I set my trades for long term and on time to time I check with my trades daily and I focus on fundamental news well too here in this business because fundamental news is also important for our trading Take a survey and get $5
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before starting trading you will have to perfect master plan skills is a essential in that plan, of how you tested your system how you can you follow your signal without hesitation. trading is a battle of give and take. All pros ara highly skilled and prepared so thet can take thier profit to the rest of the crowd. o assess your skills if your not hone it. Take a survey and get $5