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Stekin
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Everything posted by Stekin
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Just as you have rightfully stated. It is good for the newbie traders to look at the Euro and the dollar and some of the very popular pairs as their starting point when they want to trade. Trading in the Forex business requires knowing how to also manage Forex well enough and knowing how to make it a place that things will work out well for you only when you have that desire to learn and also understand it well enough too.
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Satisfaction will come from success and when we are not successful in what we are doing, then it will be very difficult to get that which we want. The main thing the trader requires is that we learn how to trade with a view to success and for this to happen, we need to learn about ways to first of all go for the best of knowledge and stop at nothing but the best since that is what will bring success.
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Now prepare to be a master at Binary Trading in the simplest way!
Stekin replied to Alice Frampton's topic in Forex Newbies
Binary trading will be good but this thing will also require you to be able to know it well. Trading in binary is not easy and it will not also be easy for the newbie traders because it requires a good knowledge for those that want to start earning from it. What the trader will require is to learn well and learn how to master it very well since that will be the best way to achieve some success from it. -
If a trader wants to scalp, he or she should learn how to trade and also learn how to manage himself or herself in other not to fall prey of just failing in it. The trader that knows he or she is interested in Scalping will really think about something and that thing is the fact that he or she should know how well to scalp and how well to make things work out well for him or her in other to get the best from the market.
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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 also compared with the live account because they are almost the same thing. The only difference in here is the fact that you need to know how to also trade in the demo for learning sake and trade in the live account for earning sake and that is what matters more to the idea of making money with Forex or being able to get the best thing from trading in the market.- 751 replies
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- forex virtual account
- forex demo account
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We learn Forex so that we can be able to understand how to make money from it. It is our ability to learn how to trade well that we can get the type of control that we need to have over Forex. Knowing how to also manage Forex is what is rather important and if a trader knows what Forex is all about, then the person needs to know how to manage it in such a way that he or she can benefit from it.
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That is also right. Newbies make so much mistakes that they even find it difficult to make things work well for them when they should. But that is not a bad thing if they also know that they can be able to learn from it. Being able to learn from mistakes is very important and being able to understand how to learn from mistakes is also one thing that the trader should take as very important.
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How to study Forex is not a magic. The only thing the trader needs to know is the fact that when you can understand Forex is the only time you can earn. Being able to make things work for you isn't that easy and it requires you to work hard to make it a reality. As a matter of fact, if you understand the principles of learning, that is when you will also understand the principle of earning too.
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Demo account is good place to obtain knowledge because when you know how you can manage the demo account, the next thing will be to also know how to manage your account well because in here, you will be able to learn a lot of things about Forex and this improves your knowledge and understanding on how to even manage the business and make money from it too.
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What factor is help to consistent profit in forex?
Stekin replied to Upul Tharanga's topic in Forex Newbies
To have a good strategy that is working is help to consistent profit. When your strategy is working well for you, then you can be able to also make some consistent profit but when your strategy is not working, then it becomes a big problem for you to even succeed and make money in the business and for you to also remain in it and become what you want to be. -
Demo account is better because of the fact that you can learn well without losing. There are many people who will apply the strategies they wish to apply in whatever way that they feel like because they know it is the demo account and once it is in the demo account, anything is possible and they tend to make that thing work well for them. Knowing that they can do it in freestyle and get away with it is enough to make them profit.
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Forex for investment is ideal if the person in question is the type who knows how to trade and earn for it. The person who has more knowledge can also have a better understanding and make things work out well for him because what is rather more important when it comes to whatever type of investment is that the person who is trying to invest knows about it and is the type who also understand how to invest money in it too.
- 336 replies
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- long term forex trading
- risk in forex investment
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I'm sure the person will like to have his or head examined if he or she will just think that getting up to trade is the best option for him or her because Forex is a place where one thing is to trade and another thing is also to know when to trade. As a matter of fact, it is more important if a trade knows how to understand what Forex is able to give and is also willing to make things work well for him or her.
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Aspects to consider before you trade in FOREX
Stekin replied to omar.elalfy's topic in Forex Newbies
It is good to just learn to consider the understanding of the business which you have and also the knowledge of how to make things work out for you. For the trader who wants to make things work better for him, it is important to know about trading and being able to make a better success from it because in the real sense of it, being able to understand Forex matters more and becomes more important. -
First of all, it's good for the trader to realize the way to earn and it is also good for the trader to know what it means for someone to lose or for someone not to get that thing which he wants to get. But what he or she should have at the back of his or her mind is the fact that it is even more important that he or she realizes how to recover from losses or how to prevent a complete damage to his or her account because I believe that losing 20 trades means entire damage.
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Is it advisable to trade on all currency pair as a newbie?
Stekin replied to flybiz08's topic in Forex Newbies
What I'm going to advice the newbie traders is for them to learn how to focus on one thing at a time. It is not by trading in all currencies that they can be able to achieve financial freedom which they want to achieve. That is the reason why it is important that the newbie trader understands how to make himself or herself available to trade with a better knowledge first. -
More than one account with one forex broker; is it advisable?
Stekin replied to flybiz08's topic in Forex Newbies
Make any amount of account you wish to make if you know how to do so and provided you are not offending the broker. When you are considering having more than one type of account, also consider if that broker support that and also know whether you are on the right track in doing so because that is actually what matters more and what is even more important.- 79 replies
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- trading with same broker
- pro & cons of n no. of a/c
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Also, question about brokers must first be understood by the person who wants to trade the same way he or she should understand question about Forex trading. They all need to know the way to go about a broker and know the way they can handle the broker when the person is in that need of making money in whatever way which he or she wants to make it. That is what matters even more.
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You are right here man. A news trader has to make sure he or she tries so hard that he or she can to understand how to get through the news release and also try so hard to follow them. In real time, these news stations keep updating themselves and in here, one can get accurate market news and analysis in real time and make the best of it too.
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Who knows the latest forex strategy in the market?
Stekin replied to chuna1985's topic in Forex Newbies
There won't be any latest Forex strategy since there are different trading strategies in the market for one to use. It is when the trader knows how to trade that he or she can know the way to manage his or her trading strategy. Forex is a business where the person doing it will have to develop his or her own skills to trade. If you know and also understand the way to build up a strategy for yourself, then you will know how to make the best from it. -
Any mentor can serve. The real thing is that of being able to get a good one which you are sure that you are going to get something from it. It your ability to know if the mentor is the type who knows about the business and not what so many people claim to know online. In fact, that is even the most important thing because a mentor who doesn't know how to understand Forex well and don't also know how to make that count.
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Low leverage is good thing and if the person is the type that has not gotten enough knowledge about how to earn from the Forex trading market very well, then he or she will make it in such a way that even though the loss is there, it will not be so much and it will not be something that will take him or her so much time to understand or make something out of it.
- 247 replies
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- leverage in forex trading
- Is lower leverage good
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Forex may not be simple but what the person needs to know is whether he or she can be able to understand how to trade in it very well. To be able to trade in the business is the most important thing even though that it is something that will take a lot of time for the person to understand but if there is patience and knowledge of how to handle it, then it is highly possible.
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The demo account is a type of account for learning and the live account is a type of account for earning. The main thing that is worth considering here is that the person should first look at the one he or she wants, it is from there that he or she can get the best and know the best way to go by anything and also make the best of what he or she wants to make from Forex business.
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Newbies, will make would many mistakes because they are newbies but this thing will not mean that they will keep on making mistakes. There will be times when they will gradually start learning well and what they will do is to have coped with learning so that they can become better traders. The main thing is their ability to understand Forex and also be able to cope with it very well.