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myregister
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Everything posted by myregister
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Forex forum Do you think forex forums can improve my trading skills?
myregister replied to flybiz08's topic in Forex Newbies
Lesson will stay as lesson buddy, it won't be turn into experience unless you do something with it. I just do believe and actually in fact forex forums can improve your knowledge about your sorrounding or about your workspace, it will tells you what to do and what you could expect, some members even share their strategies but once again you must prove it first in demo account to see if that is works of for you or not.- 456 replies
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- importances
- added advantage
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Well i am not him(sidejob) but i'm interested in your posts so this is why i replied to yours. By the way what kind of brokers you want? Is that low spread brokers? or just a well-regulated broker, if latter is the reason then well-regulated broker like FXDD or Dukascopy are what you're looking for. Well i don't recommend Hotforex but FXCM is good i recommend it, well regulated and also offers better way for us to withdraw our own money. There are some big traders who trade with 4-5 digits bucks or even more .
- 460 replies
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- Learning forex
- Should i trade in forex
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Can no deposit free money help you achieve success on forex ?
myregister replied to kaito kid's topic in Forex Newbies
The way people to achieve the dream is up to them not the other traders or the broker who use it. Well this is by assumption that nothing wrong is happening with the broker you're using, but i don't against someone who use free money instead it will take longer time for you to reach that kind of state(having better income), it just the matter of preference. -
Do not ever take a big risk if we are not able to do so
myregister replied to rizal83's topic in Forex Newbies
That is the wise word, take what you can afford to take actually this is pretty simple with what we can see around but in fact it is very hard to practice something like this. I love the words take the risk intelligently which means that you take the risk but in proper way which could reduce the loss even you actually loss so it wouldn't be so much hurts -
That is just the rumours because so far i never find it myself, well some people claim that they can do something like that but for me this is a bit off, on the other hand something like this actually considered to be some kind of corruption or if not , an unfair practice of trading because we need a fair ground and not just trading place where big players always make a win
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Yes it has interbank market but it is less flexible and usually some of them offers low leverage, you cannot even get up to 1:500. The highest i see is 1:200 . To be honest to trade in ECN bank give you biggest cost if you trade small, at least you must have capital at around 4 digits dollar and use at least 1 mini lot size, it will give you better insight of your trading.
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Because simple is actually easy thing to do, if you look at many people's thought they will prefer simple and effective strategy which bring them profit. Just like what you said it is shorter because that means it is relatively easier for people to learn about that. Many traders prefer less complex strategy for them so they could do more.
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You get the point there and i think i must reprogrammed the way i think about that. Since i saw it by myself a bad traders turn into good traders and now earn well it is one of my friend which i know also start 2 years eariler than me. Trade with bad trading behaviour, usually did one shot trading which worry me so much but then changed the way of him trade and turn into full-fledged trader with earning around $900-$1000 per month.
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Long term trading for newbie will be more profitable
myregister replied to euro's topic in Forex Newbies
I think this is a wrong statement because not all traders can make profitable trading in long term, some lose their money in noticable amount because of long term strategy, also it is not that easy to analyze the market for long term, the same thing is for short term trading. All based on preference and how suitable you're with one or two strategies. -
I agree with that especially when we should discipline in trading since that should be very useful thing to do. Bonus is good if you able to manage it but the bonus from brokers usually come up with so many messed rules. As long as that broker offers right bonus which doesn't limit the usability of that bonus i think that is very good if we take it.
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Importance of stop loss placement in forex trading.
myregister replied to asiaforexmentor's topic in Forex General Discussion
Of course this is why i still use stop loss feature because this feature is one of the best feature which exist and not to mention with that automatically detect loss limit you can lower the risk without of emotions. If you put your own emotions above the line then stop loss would help you a lot and also SL in risk management would help traders a lot. -
No way i never see any plausible way for traders to eliminate the risk, but to minimize the risk the only plausible way is by planning or by doing risk management. If you able to do that i am sure the risk in your trading would be reduce greatly while give you chance to earn more profit which of course this is for your own benefit.
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Yes it outwits people who want to afraid of losing their money. In the end it is trader who usually decide what is their trading later, unless yo don't know what you have to do with your trading. Forex is risky but behind of that risky business forex also has bigger chance to produce profit with high total turnover which is happening daily.
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Oh, i remember that many people want just that in reality it is not easy to reach that kind of state. Of course forex needs better and accurate analysis from traders who want to make decision either to sell or buy the currency. It is quite hard but different people use different technique which usually refined before.
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Also you must note that low spread even your broker is low spread broker but if the commodity which you choose has lower liquidity there is higher chance your spread will be higher. But above those all, what you really need to take care is actually not just the spread but how your broker doing well when execute your position.
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Do you participate on demo contest?
myregister replied to Ronnie Irani's topic in Forex General Discussion
I don't see any problem people participating in demo contest, just like i said numerous times before participating in demo contest will give us better measurement to how good we are when competing with the others. But demo contest is still contest that made for someone. It will give price to few people while the rest technically lose but not in reality because of demo account. -
Yes and No, depend on your circumstance, your strategies, your techniques, and you preferences. Since i am fundamental based traders i will check the calendar for one week to see if there is any news i could trade with in this week, sometimes i don't have to trade for one week sometimes i trade nearly every business days, sometimes i just trade twice or thrice in a month.
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Well if we trace back to what original thread starter want to discuss here i must say that everyone cannot earn profit is so true, some people will lose even you are george soros you still lose if you will. This is normal thing in forex as long as your profit is as twice as your loss then loss is just another trivial matter, you don't have to worry.
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I said it once again without higher leverage you cannot trade just like what you do today, imagine if we don't have leverage or our leverage is just as high as 1:50 we need to spend twice for the lot size we choose right now, and this will create a barrier to foreign exchange and will discourage people to invest here which is bad thing.
- 247 replies
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- leverage in forex trading
- Is lower leverage good
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Can you really trade without emotions..?.YES
myregister replied to showrov1993's topic in Forex General Discussion
Well actually indirectly someone can trade in foreign exchange without need to involved any kind of emotions, you must know forex robot right? That is one of the way for people to get out from this mess but with more sacrifice such as that you must put your trading into less control since you don't have any with robot but no emotions either. -
Yes it could be like that but it doesn't mean that forever it will be like that. Just look at how forex robots work sometimes it works while the other times is not just like human when they trade, sometimes it is good sometimes it is not. I am sure you must be know what it means as sometimes shit happens right? The disadvantage of robot is actually the control over your trading.
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Do you participate on demo contest?
myregister replied to Ronnie Irani's topic in Forex General Discussion
You make profit more because of the psychological and i think demo contest is good measurement to see how good you're when trade in foreign exchange, with this you may know how good you're when trade and technically how to deal with the other competitors. Once or twice is good but remember just as measurement. -
even not golden to me but one of the most positive way for trader to start trading so mostly i agree with you. For traders who usually forget to spend their time in foreign exchange i suggest them to trade in demo before switch to real account, real account is for earning only and well you can gain experience there but demo account in here gives better tradeoff for that.
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Importance of stop loss placement in forex trading.
myregister replied to asiaforexmentor's topic in Forex General Discussion
Never bad? Well you're wrong SL could be bad for traders since it will lower our chance to grab profit if the trend is turning back as we predicted before after against our prediction, i've experienced something like this many times before, but overall SL still important to lower the risk among us also it is good feature to controlling our emotions. -
You can use it for demo account it is pretty profitable but lately i find out that the signals are not really good maybe because of the brexit which bring more uncertainity. Copy trading practically made for newbie or for professional who want to collaborate with the others to make more profitable result of their trading.