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myregister
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Everything posted by myregister
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But with this risk alone people still trying to put their "fingers" with hope they could get a bit of that profit, and yes with more risk appear in foreign exchange we need to put risk management over others, make sure it is our first effort to do. Make sure we able to control the risk well.
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I wonder what is the meaning of work hard here hnsundono2? as far as i know forex trders doesn't have to work so hard, i know analyze the market is not easy and require some times, but this is not so hard with indicators we found lying around in the internet which approved by lots of trders, i see modern fx as part of smart work rather than hard work.
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What are the tools of successful trader???
myregister replied to showrov1993's topic in Forex General Discussion
The tools for traders succession are courage, intelligent, confidence and also always be cautios with the market by keep thinking forward. Never regret your loss instead learning from that loss to become better trader in future. The rest is common thing such as fast and stable internet connection also some time to trade. -
Low spread broker mainly is ECN which better for scalpers who need lower spread and realtime execution and this is what exactly low spread broker offers like ECN type. There is DMA type which has slightly higher spread but still considered to be low. So far i only see those two types broker which has low spread.
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Can you really trade without emotions..?.YES
myregister replied to showrov1993's topic in Forex General Discussion
Who knows? But from what i heard someone still able to do it but they must have high flight hours as forex traders and with one requirements which that trader must able to control their own emotions from any outside influence, but remember that will takes lots of years to be like that. -
That is true and i don't have anything against it or argue against that. Forex despite of all the risk it shows to us still one of the most profitable business which attract many people who want to reap profit, me is one of them. The other aspect people still plunge is because of flexibility i said before which is open for 24 hours during business days.
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How to Start Profitable Forex Trading
myregister replied to ellliottt's topic in Forex General Discussion
It is not so much easy just like what you're saying here. In fact foreign exchange is quite hard not to mention there are lots of people who lose their money each year thanks to their behaviour when trade in forex. To start profitable forex trading what you need is practice, with profitable strategy but less practice you can't use that strategy to 100%. -
Only big traders could dictate the market but through indirect way, they can sway the market easily but these big traders usually in forms of organization or something like that. By the way to eliminate the risk is not easy feats, it requires ordinary efforts which impossible for humans, but for retail traders what we can do is lowering the risk.
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I know forex is not gambling and it is different things to talk, but addiction is coming to someone or will coming to someone who have obsession about something with no exception foreign exchange which well know as the best place for speculator to gain much more money, if start to show symptons i advise to regulate it somehow.
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The key is are you able to manage the risk? If you can then use high i think more than 1:50 considered to be high leverage for people. If you don't then use lower leverage but let me tell you tht use lower leverge means you must sacrifice more money. 1:100 need just half of what traders with 1:50,
- 247 replies
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- leverage in forex trading
- Is lower leverage good
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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
But do they tell you how long the need to achieve that huge profit from small amount of bonus? as far as i know people who want to walk through that way require lots of time to waste in their account, not to mention how much they will lose first also how small their earning for the first time. -
and the result? Is that good or not? In few cases someone who use his/her own guts could make something better out from it, but remember in many cases the result is relly bad and i don't have to say how bad it is. Forex maybe looks similiar with gambling but if you want to lower the risk at least gamble intelligently with proper analysis and risk management.
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How long do you use demo account?
myregister replied to andry777's topic in Forex General Discussion
It's been round more than 2 years to be exact around 2 and roughly half years. Starting for few months and keep using it until now even not as much as when i was as baby trader. Right now demo account just as the place to do a bit experiment and analyze the history of the market. -
True, no bonuses if you hve enough capital but logically if that bonus is fine and you can use it as much as you want as long as that is for trading i think people will keep prefer to get bonuses, especially to someone who is keep struggling to gain bigger income while accumulate more capitals.
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What the type of Deposit / Withdrawal that you like?
myregister replied to uncle gober's topic in Forex General Discussion
As far as i know the service of okpay is good enough, and offers variable way for people who own account in Okpay to withdraw their balance. But Cysec is not a good regulator, this is why i prefer Skrill and Neteller because both of those 2 are well-regulated by FCA which based on London one of the central business hub in the world. -
Can you really trade without emotions..?.YES
myregister replied to showrov1993's topic in Forex General Discussion
This is why i said that human cannot leave emotions instead they can try to control the emotions, if you able to master this psychologically you are good enough to be called s professional trader. Avoid is not the right terms but i think controlling emotions is the right terms of how human able to utilize its emotions better than robot. -
The Main reason Why Forex Fraders Fails.
myregister replied to asiaforexmentor's topic in Forex General Discussion
Yes we can see that clearly just look at how much people use it and keep using it, that is one of the reason why demo account used by lots of people because no risk here. People usually fall in trading and suffer much more losses because they don't know how to utilize this account to its fullest. -
whether our money safe in a broker?
myregister replied to uncle gober's topic in Forex General Discussion
Yes that is true, it is applied for any kind of business which has its own HIGH RISK label just like STOCK, OPTIONS, or even FOREX. With this we don't have any grieve about our loss and moreover it will increase our own resistance to lose of motivation when lose our trading. -
Many people mistakenly think risk management is hard, well it is hard at first it is just like habit, once you keep doing it for around 3 or 4 months i think you'll be getting used with it. My advice is persistance just keep doing that, try just spend 3% of your total capital, keep doing that without thinking when spending lot size and trust me it will be a good habit, lowering the risk greatly and i think forex could be your own main job by doing that.
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Forex now is one of the Online Business
myregister replied to luke1's topic in Forex General Discussion
True, i agree with it in most part but i don't want to argue now. Well, FX before is not as online as we know today, it is one of the most conventional business but sooner as globalization takes over, forex become more internationalized nd enter online business lso cut the cost greatly makes it as busines with lower cost. -
why many people see forex trade as gambling?
myregister replied to rockstar's topic in Forex General Discussion
This is risky for sure if fx is not risky i wouldn't make much profit and those big players won't stay here for quite long time, because the higher its risk the higher its profit. As for forex looks like gambling it's clear thanks to speculation which could be done freely and mke it looks like gambling but in good way i think. -
Because that is profitable business and this is one of the reason why people take part in forex even they know it is risky and to be honest i'm one of them, not to mention FX is flexible, you can physically trade at anytime or anywhere you want nd with just few clicks dude and you'll be able to reap profit or suffering loss.
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What are the tools of successful trader???
myregister replied to showrov1993's topic in Forex General Discussion
If that is the case i think it is true for us not to use emotion in trading, but this issue is difficult issue to discuss because of the subjective nature of what we called as psychology. Once you able to cope with all the psychological block when trade , i'm sure you will see difference in your trading and will become more discipline than before. -
It seems some people already invested their money in this program, I think it is good that some people invest here, moreover the click rate is pretty nice but minimum cashout is pretty high. Some people have been paid by admin indicated this program seems will survive for some months later.
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Ouch, even this program actually very good and also has nice rate but to be honest it is one of the hardest site that i've ever joined, the ads total aren't as much as i think and also high cashout rate, it is $5 so it takes more than 6 months as single clickers just to reach cashout from this program.