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Everything posted by aliforex
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Importance of Demo Account/virtual account in Forex
aliforex replied to abdulla1's topic in Forex Newbies
Demo account is for making practice in forex trading. We must use demo account as well as possible to get more maximal profit in forex trading. And as we know, forex trading is not easy. Using demo account to start trading, we will get trading experience and get more knowledge.- 751 replies
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- forex virtual account
- forex demo account
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The only place to practice trading is to try trading using a demo account, demo account is an account that is suitable to practice trading with a demo account we will be free to practice trading so that will make us able to trade with the maximum and comfortable
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Forex trading does not require a degree or certification but a proper education on trading currency is never a bad idea, especially when you’re putting your money on the line. Investing in books, videos and seminars is a great plan if those things work for you and you feel that you are prepared properly and adequately for Forex trading once you’ve completed the material. If this is the case, then it is money well spent. Most people, however, end up with more questions from these sources than answers.
- 361 replies
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- Forexmentor
- forex mentor necessity
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The best leverage is come form the having experiences from the trading. For the beginner I think leverage should be small like 1:100 but who have the enough experiences in trading than they can use large leverage like 1:500.
- 247 replies
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- leverage in forex trading
- Is lower leverage good
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we can not eliminate the loss well. beginners traders and professional traders have experienced loss. to get a loss then we will get a valuable lesson for our trading. for that we need to do an evaluation to determine trading mistakes so that we will be successful in forex
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forex is never gambling but its true anyone can trade forex without any proper knowledge if he think and want to play as a gambling when there is 100% risk involved to loss all. anyway its real business and lots of education need to become successful trader.
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Importance of Demo Account/virtual account in Forex
aliforex replied to abdulla1's topic in Forex Newbies
complete your knowledge and then start demo trading. Spend enough time to follow the videos and articles. If you start demo trading while you are not ready yet, you will only make yourself confused, frustrated and disappointed. Forex makes money. Do not let your mistakes make you think that you can not make money through forex.- 751 replies
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- forex virtual account
- forex demo account
- (and 7 more)
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Forex trading can be learned by self-taught, let alone the many brokers who provide facilities for traders to learn to trade well. That way we are able to learn trading. as in instaforex that provides video tutorials for traders to learn trading or learn in a demo account. so we not need mentor
- 361 replies
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- Forexmentor
- forex mentor necessity
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for beginners do not be tempted to use leverage because leverage can mempenagruhi our trading. the higher the leverage that we use the higher the risk. So that those who have not enough experience would be better if we could use a little leverage. for the moment I prefer to trade in instaforex with leverage 1:1000
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If we opened position in demo account and that is good, we will know it was good after the price is moving right, so how could we open position in real account if we don't know that is good position. Forex robot could be used well if the users are people who knew about trading well.
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Importance of Demo Account/virtual account in Forex
aliforex replied to abdulla1's topic in Forex Newbies
Beginners should use demo account as well as possible cause demo account will teach us the basics of trading. We should maximize our trading experience using demo account to cause it can be initial asset to start trading in forex- 751 replies
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- forex virtual account
- forex demo account
- (and 7 more)
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Forex trading is a part time job for me, i can get additional income to fulfill my daily needs from forex although i sometimes get loss or margin call but it's not a problem for me.
- 460 replies
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- Learning forex
- Should i trade in forex
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Demo account with real account I think very different but both accounts that are needed by traders. With a demo account so we can practice trading so well that we will be able to trade real account with either. if there is no demo account then we will find it hard to trading in real account well
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Everyone have their own explaination of how and what is leverage in the forex trading market for me I can just simply define leverage as the amount of money which your broker give to you to trade in the forex market with this is the real thing which we need to know its help us increase our margine and liquidity
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Can you really trade without emotions..?.YES
aliforex replied to showrov1993's topic in Forex General Discussion
In my opinion Forex trading without emotions is really difficult task.It will take years to master such art i.e. called emotion control. Even, this may be possible in demo account because this is not real money but controlling of emotions is very difficult in case of real account.Because as a human, Everybody will have different type of emotions like greed, fear etc. If we want overcome from these problem, then we need to do proper money management. And keep ourself calm while trading and not forget to use TP and SL for Forex trading. -
How much capital that you used in trading?
aliforex replied to andry777's topic in Forex General Discussion
There are two points we need to consider, first how much profit we want and how much risk we want to take, too less capital will force you to take big risks as without them you shall not be able to earn significant income, so you should have such lowest capital that make you good profits without big risks. -
Successful traders have experienced loss. and it seems to me to be successful in forex we should first loss. the loss we will be able to understand forex trading better and will make us more forward again. therefore we need to learn and practice trading so the loss will decrease
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In fact we didn't need to suffer many losses because we still have good risk management to limit our losses so if we suffered losses so many times, it means we have bad analysis and we have bad strategy, or maybe we opened position in the wrong time. We must be back to demo account again to know when is the best time to use our strategy.
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Forex requires mental capabilities
aliforex replied to PROPENSITY100's topic in Forex General Discussion
forex needs patience, discipline and a good money management otherwise we cannot earn money in this market, it is the great business no doubt but we must do hard work alot to win in the forex trading market every time -
Greed is very harmful in this business although greed is a natural thing and we can control our greed by the practice on demo account, greed can be control with our experience and experience can be gain in demo account.
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Do you think compounding is important?
aliforex replied to andry777's topic in Forex General Discussion
It's important but the more important is we should be discipline when trading. Sometimes, trader who have big capital cant control their emotion, greed so they trade with big lot size. For myself, i dont wanna be ambitious to get big profit, the consistent profit is better. -
Many people do forex trade as a main job but some of people do as part time job , But main theme of all trader are same that is earning from forex .Only talented and good trader can do forex job as main job because forex trade needs good experience and regular practice .From forex people can earn good income and this trade is real online business , every people of the world are trusting over forex trade .Forex trade is big and proffesional business .
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forex for me is a very profitable business because the forex then I can earn extra income, and therefore I always learn and practice trading with a well to be able to improve the ability of good trading. so that our income will increase
- 460 replies
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- Learning forex
- Should i trade in forex
- (and 4 more)
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practice to be consistent on the profit obtained
aliforex replied to rizal83's topic in Forex Newbies
practice in forex trading is very necessary. because forex is a business that has a very high risk. With the risk that we need to many practice trading well because with many practice so our trading skills is growing -
no one can be successful in forex if without experiencing loss. there is always a loss in forex. for it if we want our account of the loss can be minimized so we need to continue to improve the ability of trading well. and always use SL when trading