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Stekin
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Everything posted by Stekin
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Skrill is a good payment processor but even though they allow people in my country to register with them, I will not register with them. Why I will not be able to do this is because they are very very strict. I have heard about them as people complain about how they can ban your account easily.
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I used to know this hd money before they closed down but what I don't know is if they have opened again. I didn't use them that time but I was in a hyip that was using it as a payment processor. As at that time, the fees were not too much and they were not popular also because alert pay and liberty reserve covered them.
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Paypal is the best payment processor that is very secured for everybody to use. You can use it to be paying for your goods in online and when your money is in Papyal, it is safe. This payment processor is owned by usa and that is the reason why it is the most popular payment processor in the world.
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Webmoney is very complicated and I don't know why I don't like it that much. Some times, they will be replying you in Russian language and if you change it, it will come back again. Some times, to transfer money into your account will be a problem because the transfer code will not come quick.
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Payza used to be a very popular payment processor when they were formerly known as alert pay but since the time the name was changed, the payment processor is no longer popular. In my country, you will not see any exchanger that will exchange it for you. Even if you see, the value will be too low.
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Perfect money is my number one payment processor because it is with the payment processor that I am using for every of my online earning. When liberty reserve went down, there was no other payment processor that can replace it better than perfect money and that is the reason it is my favourite.
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Trend trading strategies your best friend in forex?
Stekin replied to yogeshwartyagi's topic in Forex Newbies
It is good for the traders to go with the trend because the trend is going to lead them to success. When a trader is following the trend, he or she will be understanding the trading market better than not following the trend. To trade against the trend can be able to make the trader to lose so much. -
The traders that are trading in here in the forex market will have to be able to handle forex with care. When trading in the forex business, it is better that they learn how to manage their account very well, if not, forex will be a difficult thing for them. The best way that they can be able to make this is by learning how to trade.
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I used to see some ads that are online when you are searching for somethings that are relating to forex. These ads will tell you to download an indicator but I'm not sure how this thing can be trusted. I use the indicators that are in the platform already and they are good.
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Even if I didn't read this. I don't like to trade in robots, why because is that robot can make you to lose. If you don't know how to trade in robot very well, you are going to lose all your hard earned money. Robot is not good for every trader because they are not traders that will understand the market sentiment when there is a change.
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hone your trading with a demo account and a real account
Stekin replied to rizal83's topic in Forex Newbies
Trading in the demo and the live account are two things that the trader will be able to understand in here. If you are trading in the demo account, you have to be able to learn very well on how to trade before going to the live account. -
In forex trading, when a trader is losing, the other trader will be gaining and when the other trader is gaining, the other trader will be losing. Forex is a very good business if the trader in here is able to know how to be trading. He or she can be the one that will be gaining when the other trader will be losing. So therefore, it is better if we work hard to get the knowledge.
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I agree with you. Intuition type of trading will work when the trader in here is having the trading experience. It is not good for a newbie trader who don't know how to read the market to rely on the instinct that the market will very bullish. Better for him or her to make the analysis of the market first of all.
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Right now, I am focusing on the eur/usd. The yen can be a safe haven for the traders who know how to trade the yen. I'm sure any pair is going to be a safe haven if the trader is able to know how to trade in the currency. I like trading in the euro and it is good for me.
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To determine good entry point, the trader in here will be able to do a very good analyzation of the market. This thing will help him or her to know the best entry point. That is the reason why timing is a very important thing in the forex trading market.
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Long term trading for newbie will be more profitable
Stekin replied to euro's topic in Forex Newbies
I agree with you. Long term trading will be better for the newbie traders because the chance to lose from the volatility will very small. It is the best type of trading that the newbie traders should start trading with. Long term trading will need that the trader will be patient. -
Afraid you lose money in trading || FBS provides solution
Stekin replied to kaito kid's topic in Forex Newbies
This insurance thing is good but I want to know how it work because the broker which is fbs will not give you back the whole of the money that you have lost. I want to know what the percentage or amount of the money that they will pay you back as your insurance will be. I'm sure there are some things that are not fully explained so that the trader will know what he or she is doing. -
It is necessary to have a mentor because if you are having a forex mentor, it will be able to make you to learn how to do the trading faster. Mentor is good because they can be able to teach you in a way that you will understand. It is better to have a mentor but it is costly to pay a mentor.
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If a trader want to be able to learn how to make money very well in forex, he or she will be able to learn to trade in the demo account. It is better foe the traders in here to learn very well about how to trade using the help of the demo account. This thing will make them not to lose very much when they come into the live account.
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Any trader that will want to understand forex in a simple way will have tl be able to work very hard. If the trader is not a hard working trader, he or she will not very finding it easy to know how to trade in here in the forex business. So therefore, in other to understand forex well, it is good to learn.
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Forex will make you to be very very smart. It will make you to be able to think fast in whatever that you are doing. Any forex trader who want to make money from the forex business will be able to know how to think very fast. That is to say that before the trader will know how he or she can trade very well, he or she will understand how to make analysis and this thing is going to make you to think fast.
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How to Lower Your Transaction Costs with Forex Rebates
Stekin replied to kickbackfx's topic in Forex Newbies
Rebate is good because it will be enabling the trader in here to be able to receive some money when he or she trades. This thing is good because whether you win or you lose, you will be able to receive some money from the rebate company or the website that refer you.- 15 replies
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It is good that the newbie traders will be able to do long term trading instead of them to be doing short term. They don't have the trading knowledge. So therefore, they need to practice more and more in the demo account. If they are trading, they should not be trading in short term like the scalping because it will not be easy for them to do.
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I agree with you. The euro currency will keep fluctuating all The time. It is the traders who are knowing how to predict it that can be able to know when it is going to be stronger than the paired one. The euro price can go up today and by tomorrow, it will come down against the dollar.
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Forex is a place where buyers and sellers come together to buy and sell foreign currency. There is no particular place they come as an office but they are connected by the brokers. It is possible that the traders who are trading in here in the forex business will be able to communicate and buy and sell together.