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Stekin

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Everything posted by Stekin

  1. Greed is not that you are losing a position but because that you lost that position due to the fact that you did not follow your knowledge and plan and you are subjected to emotions. You know that emotional trading is one big thing which can make you to lose a lot of money because you will just end up not knowing how best that you can even handle yourself once you start trading with emotions.
  2. The reality about earning here is that you will earn when you are willing to do so. The ability for any type of trader to be able to earn money in the forex business is because he or she already has the ability to earn and that is by having enough trading knowledge and skills to be able to take advantage of the business and succeed more in it in the process.
  3. AFTER you have traded in the demo account and you are able to learn well using the demo account, then you can start trading live. It is when you have the ability to trade in the live account that you can be able to say that you are a good trader. Live trading is what will give you the chance to make money from Forex and that is the main place to stay first.
  4. If you are still a newbie in Forex trading, then it is better that you look at Forex as a business of long term because you may end up finding it so difficult to cope when you try to trade short term. Short term trading is better for those of them who can handle it whereas for the newbie trader, it is better to trade in long term in other to understand it more.
  5. You must try and learn not how to lose. This thing will not mean that the person cannot lose but it is important that he or she should even train himself or herself on the way of success by knowing how to trade. Being able for you to manage your trades is very much important and it is also the major thing which all traders who seek better trading should know.
  6. The best way for any trader to trade in the Forex business in my own opinion is for the person to learn using his or her own skills. It is your own skills and knowledge of how to trade in the business that is even more important and that is also the main thing that can give a trader the chances of making whatever he or she wants to make.
  7. That is true. It is not a place where we can say that 1+1 will be equal to 2. In here, you can be able to make your predictions and it will not work out that same way. It is all a matter of you being able to make a good prediction of what the business will be or the way the market will move because that is what can even give you a great chance to survive.
  8. The main thing that can make somebody to lose is when he or she has not heard the good knowledge to trade. If you lack a good knowledge and understanding of how to trade, then there is the chance that you can easily lose because the main thing that Forex requires is that you have to learn how best to manage it well and make money from it.
  9. The Forex trading business is not gambling and those of them who usually see it as gambling are also the ones who have not taken their time to learn about it very well and be able to understand how it works. They are only seeing it from a very far distance and it will also be difficult for them to tell the success rate.
  10. Just as you have rightfully stated. The person who wants to introduce another person to Forex or any thing which involves making a deposit must first of all look at whether he or she is able to get the kind of person that will make a reasonable deposit so that his or her own percentage will also be big enough to accommodate it.
  11. I don't use so much lot size in trading because of the risks that it has. It will be good for you when you are able to earn but the bad one will come when you are not able to earn or when your analysis is not going well. For you to be able to understand how to make a very judicious use of your lot, you need to learn how to make a good Forex trading analysis too.
  12. If you dream big, you will earn big but if you put greediness in the process, then you are ready to fall. Forex is not for greedy people and it is also not for those of them who don't know what they want to get. You cannot dream of making 1000$ when you know that you cannot even afford it. That is a greedy approach to Forex and it is also something that can be able to give someone good losses in life.
  13. Trading is a free thing and you can trade with any amount of money that you want and with any type of broker that you want. Just learn how to trade and also know how that particular broker works because that is also what willnmake you enjoy the broker. Once you are ready to understand the broker and know whether they have what it takes, then you can be able to make money from them.
  14. I don't like copy trading but I'm not saying that this thing is a bad thing. All I'm saying is that it is good thing that any trader will learn how to trade on his or her own so that you won't have the need to start copying any body. The newbie trader doesn't know anything about trading in the Forex business and that is the main reason why they should learn how to work hard to make success what they think of it and excel in it.
  15. We can know that it is with spread that a broker can earn money. The broker charges the traders some fee for their position and it is the fees that are also responsible for the income of the broker. There are so many brokers as we can see that have some kind of cards for deposit and withdrawal and the traders who make use of these cards pay dearly for it too.
  16. Mini account for newbie is real. If you are trading in the mini account and you are losing, you will know very well whether you are losing big or small because of your knowledge and the reason why the mini account is good is because when you are losing, it is only a small amount of money that you will lose and you can be able to correct future anomalies and this helps you prevent so many things.
  17. Learning how to trade will favour anybody whether you are a professional or a newbie. The main thing here is the fact that you are ready to learn how to trade and be able to understand how to manage your trade too. You must also not forget that a good risk management plan will be a good requirement if the person is ever willing to make things work out well for him or her.
  18. I don't agree with you on that because you can also trade using the web app or the website directly and nothing will happen. It will not prevent you from making your progress. The trader will have to learn how to trade and if the person already have a good knowledge, then there is nothing that will stop him or her from making whatever profit that he or she wants to make so far as Forex is concerned.
  19. You learn how to make a good prediction in the first place and if the market moves against your predictions, then there is nothing that you can-do. What you must try to do is to make sure that you are always making your analysis very well in other that you may be able to make a very good amount of money when the need for that arisesand if you can't, it doesn't mean that you have failed completely.
  20. I agree that long term trade will be the best for those who are new. They have to learn well and know how to trade in a longer term because they can make a better trader when they give more time tolerating long term trade.
  21. I can tell anybody that cares to listen that it is not necessary to have a Forex mentor when that person can read and write. If you know you have the ability to understand how to read and write, then what will that Forex mentor do to you that you should not be able to get in some website that are very ready to offer you the same kind of training just by you learning well.
  22. Of course. It is important that the person in here should learn how to make a living with forex. To make living with Forex is by making a knowledge count first. With your knowledge being there, your mind will now focus more on your ability to move on. You will never find it easy making money in Forex until you put your focus on learning how you can make money from trading in the Forex market.
  23. Trading in the PAMM account is better when you know that you already have someone who will take care of that. If no one can take care of that for you, then it is better that you learn how to trade in forex and that you even try to get the best of knowledge to move on. It is not just for you to start trading because trading is good but because you will be ready to make profit from your hard work.
  24. It is not advisable to trade in all currency pairs because that newbie is going to have a very huge divided attention. It is important that the person will focus more on what he or she is able to put more of his or her joy into. To remain committed through and for a particular form of trading pattern and also to understand the fact that you need to know about the particular trader you are will make you more successful.
  25. When you are only trying to learn how to trade in the demo account, what you need is to learn how you can trade in the demo account and once you are able to learn how to trade in the demo account, the next thing is that you know how you can manage and start making money and that will show that you need to learn about how to start trading in the live account.
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