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Stekin
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Everything posted by Stekin
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Did you broker provide transparant real PAMM account
Stekin replied to TenkoFx's topic in Forex General Discussion
I don't usually invest in pamm account so I don't know if the broker has a transparent pamm or not but I'm sure they will have and that is why there are some of the traders who are joining pamm. The thing that the trader should try and do is for him or her to try and know the profile of that manager in which he or she wants to invest his or her money into. -
"Experience" How much important for trading ?
Stekin replied to mirna ahmed's topic in Forex General Discussion
Experience is very important because it is with the experience that the trader has that will make him or her to be able to trade and make profit. The most important part of experience is when the trader has the experience of risk control. Risk control and management is the most important thing. -
We can start to trade anytime we want if we have known how to trade. The thing that is most important is if the trader is able to have a very good trading knowledge. It is the knowledge that the trader has that is very important. With a very good knowledge about the way to trade after practicing in the demo account, then you can start trading.
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Any forex trading system is good for any trader that wants to make profit from trading in the forex market. It will not matter the type of trader that the person is but what is important is how he or she is able to know how to use that strategy and be able to make profit with it.
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I agree with you. If a trader has a bonus, it will make him or her to have courage to trade because there are some traders who don't have enough trading capital to start trading in the forex market. These types of traders will not be able to make any money from trading in forex unless they have something that will help them to start.
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soo many brokers, and I want to pick one :)
Stekin replied to Sara888's topic in Forex General Discussion
There are so many brokers that the trader can choose from and it must not be a particular type of broker. That is the reason forex business is a very competitive market because you can be able to choose whatever broker you want and also trade with them to make money from it. Forec is good business because there is nothing like monopoly in the market. -
Entering at the lowest price for more profit
Stekin replied to euro's topic in Forex General Discussion
Entering at a low price is the best way that any trader who knows how to trade will trade. It is good for the person to do a very good trading analysis to be able to know the best time to enter in other to make profit. Forex trading business is interesting if we are able to understand it very well. -
The big advantage that this thing has is that it will make you to lose. If the trader is not the type of trader who has experience in making use of forex robots, then he or she is going to lose from making use of it and it is possible to have all your account wiped as a result of the use of forex robots.
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It is good that any body who wants to trade in the forex market should be able to have a good patience of the forex market. It is not easy to trade in the forex business and be able to make profit because of the riskiness, that is why patience is needed in other to understand it first.
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You should not think about how you are going to make profit with that eight dollar fast. What you should think of is a way that you can be able to maintain that account because eight dollar is a very small amount of money and it will not be hard for you to lose it if you don't work hard to maintain it.
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We don't need to be trading everyday if it is because we want to make profit everyday. It is good that we will learn how to trade and make profit and not to trade and lose. When you finish making your analysis of the trade, you will be able to know if you will trade everyday or not. It is this thing that is the most important thing and not to trade everyday.
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I don't have too much of an experience in forex but at least I have the experience that will lead me to make profit from trading. I started trading last year and I only trade some days when I have the time. I'm sure forex is the only online business that you will do and be able to make a better profit more than some other online businesses.
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It is because the newbie traders are always the traders who are not having good and enough trading knowledge that will make them to have profit in forex, that is the reason why they are always the ones that are affected in the business. It is better if newbie traders will understand the business of forex before trading in the live account because it will reduce the amount of mistake they make.
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Importance of Demo Account/virtual account in Forex
Stekin replied to abdulla1's topic in Forex Newbies
Forex demo account is very important for newbie traders to learn from it and be able to trade from it. Newbie traders should learn how to take trading in the demo account very serious in other to make a very good profit from trading. This thing is the only way by which they can be able to make a very good profit from trading in the forex market.- 751 replies
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I agree with you. Provided that the trader is still trading in the forex market, he or she cannot be able to remove the risk of trading fully. In other to control the risks that is in trading, the trader must be able to know and to understand the way by which he or she can control the risk of trading.
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I like to choose a normal leverage because I don't want to lose my capital so easily. I am always trading with 1:100 and this leverage is good for me because I don't trade with too much capital and when I lose, I lose small instead of trading with a very high leverage that will make me to lose very high.
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If you want to invest in forex, it is good that you will first of all have a very good forex trading knowledge to trade in it. It is not a type of business where you will expect that you are going to make money when you font have a very good knowledge. Forex business is very very risky and need knowledge first.
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Both types of account are good for trading and it is what the trader need in other to be a very good trader. Whether it is the demo or the real account, they help the trader to learn and to make money. When he or she wants to practice, the demo account is there whereas the live account is meant for real trading.
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Newbies should learn how they can understand to trade before trading in the live account. It is better for the newbie traders to learn very well about the forex market first of all and trade well in the demo account before they come over to the live account to trade.
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I will like to choose the forex market because I don't usually understand the stock market. Forex is a place that you can trade in it even though you are not having any money to start trading but in stock, it is meant forth big men who already have enough capital to invest in it.
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Can no deposit free money help you achieve success on forex ?
Stekin replied to kaito kid's topic in Forex Newbies
Yes, I'm sure that no deposit money can be able to make a trader get profit and be successful in his or her trading life. It is good for traders to try and trade in the demo account in other to have a good knowledge. It is when they have finished trading in the demo account and has the knowledge that they can be able to invest the bonus and make profit with it. -
The trader should be very very careful when he or she is placing his or her stop loss. If you don't know how to place it or that you do not place it well, you will very surprised that even with your stop loss, you will lose a lot of money from your trading capital.
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When you register with any broker, you will see it on their website and I'm sure that it is all the brokers who are offering this thing. In other to participate in it, the person will have to download the trading platform and install it on his or her pc to start learning from there. The demo account is good for learning purposes.
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It is not good to be greedy in forex. If we are trading, it is better for us to trade and be able to be satisfied with the profit that we have made, if not, this thing will lead us into making more and more losses and it is the reason why some of the traders usually lose from the forex market.
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I'm sure that forex can be used as a full time job if the trader who wants to use it as a full time job is ready to learn how to trade in it first. It is good for the trader to know if he or she is having enough trading knowledge first of all before he or she considers not to do another business except trading.