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Everything posted by aliforex
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Luck vs education vs experience are all needed in the forex trading market for the trader to be able to make profit from trading in the forex business. It is good for the trader to first of all have the good trading knowledge in other to be able to make profit from trading.
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to make a living with forex we need discipline and patience in trading. Forex risk is very high so it is not easy to make a living with forextrading without the patience and discipline. Trading with using small capital can afford us to exercise patience and discipline trading
- 305 replies
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- life vs forex
- discuss life vs forex
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Do you think compounding is important?
aliforex replied to andry777's topic in Forex General Discussion
coumpunding is depend on traders, when they are thinking that they need to compound their profit, they can withdraw it half. however, if they are consider to increase the capital, usually they are let the profits keep in trading account to enabling them to use higher margin per trades. or when trader use high capital already, probably they will withdraw all the profit. -
Importance of Demo Account/virtual account in Forex
aliforex replied to abdulla1's topic in Forex Newbies
demo account useful to those who has no knowledge and experience. traders can practice there without risk of losing money. they can observe the market and test various strategies. stick there till we are able to make profits more than losses. before we are decide to trade on live account.- 751 replies
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- forex virtual account
- forex demo account
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We can earn profit from forex trading easily, but we should have knowledge and skills which always be improved as long as we trade in forex trading. We also must be able to understand characteristics of markets because if we cant do it, we will not know when the right moment to make order.
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Forex requires mental capabilities
aliforex replied to PROPENSITY100's topic in Forex General Discussion
forex trading is high risk oriented job and here we are facing high level of risk of losing money we should be careful and get more understanding when we doing trading. Forex trading is real mental job here we have to take time to get all calculations right and get all analysis correct at first level be realistic in setting targets in forex trading business. Get notice of all trading situation in our consideration and make all calculations with the movement of the market is pure mental work. So trading requires a use of mental capabilities and understanding of the market movements. -
Its really not easy to earn. Dont risk too much, just because you want to earn this huge profit. Think about it many times. Make your own trading style, practice it, study harder. And remember that earning big is not important but earning consistently. And as long as your heart is on forex trading, go for it, and earn good.
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Choosing the right broker is really very important. You should feel confident while trading with him. For example me, I'm trading with Instaforex and I'm really very pleased with its conditions, support, provided trading instruments, etc..It has a number of advantages to suggest to its clients.
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practice to be consistent on the profit obtained
aliforex replied to rizal83's topic in Forex Newbies
Consistency is nice but it's really not that easy to come by. Being a consistent trader is something that we owe to ourselves in order to become successful and for a trader to really know about the business and make profit off it, then he must realize the need to trade well and learn from his mistakes. -
It will not always be. That's you said chance for the profits or big money but will always have the losses also or not having profits at all. For me, we should think carefully if we will truly be in Forex a good business for us. And also I can think of only the potential for those who are good in dealing trades and analyze the market so, there are skills needed here as well.
- 460 replies
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- Learning forex
- Should i trade in forex
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When first starting out trading forex, or when considering switching to a new forex broker, many traders option to open a forex demo or practice account. Most importantly, this allows them to practice trading using the broker's trading platform to see if they find it sufficiently to their liking. Furthermore, opening such an account also often lets traders try out additional services of the broker providing it.
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Well in order to look for a good broker, I found places like etoro to be a good one. I know instaforex are very popular so there is a reason for popularity as well cause they're trustworthy and many uses them and they do not give you problems and service is good. Now, you are looking for trust so you can get your money out and also get help. You're also looking for a good trading platform and security
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In forex trading one can earn a reasonable amount of income. On the other hand a trader can face loss all times. Winning or losing depends upon the experience of the trader. If the trader is well trained with good knowledge of forex market. There are more chances of success in forex for him. Therefore we can say that forex is profitable and non-profitable, depending on the trader himself.
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How many lot size that you use in trading?
aliforex replied to andry777's topic in Forex General Discussion
I used the minimum lot size or the smallest lot size which is 0.01. Since it is good for me not to lose easily. And can trade for longer time and able to have analysis and try to figure if its time to close the trade if ever have profit. I dont yet tried higher lot size since i still not that fully understand how small lot size will be used in good trading. -
for me a good forex mentor is a demo account with a demo account because then I could understand some more about forex. And with a demo account so I can practice trading so I would have a good trading skills. To that end, I have to use a demo account with either.
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- Forexmentor
- forex mentor necessity
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Leveraged trading works by establishing a rate you can use for every dollar in your account. In the Forex market, leveraged trading exists to create the possibility of making a bigger profit. Leverage is necessary because Forex trades involve very small differences in price. The difference can be a very small part of one cent.
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Forex is very risky business because price be move in very fast. So, need to proper learning before starting real trade if a person want to make success in Forex business. Without learning a person do not well in Forex.
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practice to be consistent on the profit obtained
aliforex replied to rizal83's topic in Forex Newbies
in order to generate consistency, traders should has good understanding how to perform analysis. when traders being logic and always discipline with good trading strategy, they are has a good chance to make profit in trading. even they'll able to be consistent and reliable. for the rest of trading journey. -
The Simplest Way to Earn in Forex
aliforex replied to smithlover84's topic in Forex General Discussion
I only have one advice in here and that is to practice in demo account first and then try to trade in real account later. In forex trading we need to invest our time and money to have a big trading capital. Its no use to keep on investing in real account if you don't have money to earn in here. I'm so lucky that I make good income right now in instaforex. -
forex trading is risky business. We must understand the step for trading in forex. We also must improve our trading skill to get more maximal result in forex trading. We can learn from community and tutorial. instaforex also provide it. We can use it to get knowledge and we also can understand about forex trading.
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Over trading is the most frequent mistake that most traders make may be because they are so eager to make big money or because they are not sure of its complications. Without getting a grip of emotions, a trader exposes himself to more trade risks that would pile and cause more losses. To avoid such scenarios, a trader is expected to have a clear mind and know when and how to trade by not placing orders every time a chance comes up.
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Forex requires mental capabilities
aliforex replied to PROPENSITY100's topic in Forex General Discussion
forex trading is high risk oriented job and here we are facing high level of risk of losing money we should be careful and get more understanding when we doing trading. Forex trading is real mental job here we have to take time to get all calculations right and get all analysis correct at first level be realistic in setting targets in forex trading business. Get notice of all trading situation in our consideration and make all calculations with the movement of the market is pure mental work. So trading requires a use of mental capabilities and understanding of the market movements. -
Not easy to make money from forex, it is necessary to be successful long process from forex trading. we should really know about the Forex market, and trading systems certainly understand not only that, have to practice practice and practice
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Yes, manage your account by either using an analysis and not greedy in getting profit will make forex business better and avoid gambling
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Forex for me is money. Its in here in which I feel I can make good income. I'm sure the longer I trade in forex the more I make money. I'm just hoping that in two to three years time I can really achieve my goal and my goal is to reach a point in which I can say I'm really earning good. I'm happy that some how I do really earn enough to say that in the long run I can be rich by just trading in forex.
- 460 replies
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- Learning forex
- Should i trade in forex
- (and 4 more)