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myregister
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Everything posted by myregister
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That is true the broker actually earn their own comission from spread mainly, this is why you will find that they still able to offers competitive rates because usually they have other side of income, some big brokers turn theirselves into liquidity provider if they have enough clientbase.
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In order to avoid something like that, it is better to set your own stop loss feature. It will reduce the risk and help traders to avoid any greediness because all the process become automated thus lowering our chance to feel greedy and that is not just for Stop Loss but for Take Profit too.
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It is just like SL @novarisa but it is dynamic and is not static just like SL. Trailing Stop as its name suggest will check your current position and if you get profit it will start to synchronize your profit with the Trailing Stop you've been set if that is much and there is enough volume there then Trailing stop will move.
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Do not ever take a big risk if we are not able to do so
myregister replied to rizal83's topic in Forex Newbies
Thread starter said the truth here, don't ever do that it will just ruin your experience as traders and makes you looks like fools. I've heard something like take the risk intelligently which i find contain grains of truth, restrain yourself is the best idea in this case because if i cannot do that then never challenge it. -
Why do you think people are scared of investing in forex?
myregister replied to Levie's topic in Forex Newbies
Yes it is right that many people don't want to lose their money included me, but the way for some media or news depicted forex before as the fastest way for people to lose their money or the easiest way for someone to lose money with higher risk and only for people with tremendous capital can survive and start to earn here. -
Broker can earn money through spread and this is common knowledge for someone who trade for the first time or someone who search for the knowledge of foreign exchange for the first time. The other way for broker to earn money is by techonology renting or transfer which give tremendous income if manage properly.
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I think you're right sidejob, it is true that some people said that long term is not good but i think it once gain that is not true. I mean each strategy has its own good and bad things which people should reconsider before start to choose it, in this case long term which is fine if traders already know the risk/bad things and its advantage or good things.
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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
Yes that is the key, if you don't know how to use that free money everything will be gone for nothing, but if you can later it will be a turning point for you to become a successful trader without even need to spend any single bucks for trading which is what every single trader once newbie really want. -
Speculation sure is "first citizen" becuse speculator is the main component of scalpers, from retail traders to big bankers all are pure speculator trying to stabilize or gain small profit to someone who want to reap profit as much as they can without seeing the market, if they want it is okay for them to "destroy" the market.
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If you are free from addiction then why you suggest someone that they should control their level of addiction? Can you elaborate more about it?. Of course fx is not easy but if something so easy people will addicted to it not when it is hard, people will give it up if fx is hard enough. Just like i stated before when quoted sidejob, psychiatrist is the best idea for fx's addiction.
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That is such a good idea for someone who addicted to forex. I think tht is one of the best solutions to offer for someone who suffering that thing, moreover with consulting to a psychiatrist, we will obtain the solution about addiction to forex itself rather than uninformed guess what will happen later
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Metatrader mobile platform already good enough to be that software to aid traders so they able to trade in foreign exchange through their mobile phone. Windows phone, iOS, Android or even Blackberry is supported by Metatrader, so you can trade through any kind of mobile phone you have.
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- Mobile forex trading
- how to trade forex via mobile
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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
First of all what you get is knowledge not experience, you see many posters could be knowledgeable like they ever trade before but are they really trade before? This is questionable because all people can post using the knowledge but posting based on experience is different thing, this is why forex forum is not improving your trading skills- 456 replies
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- importances
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Same here even i must admit that robot or automatic trading actually has its own capabilities which i cannot deny, but with manual trading people have control 100% or at least 90% over their trading. Also i could apply all the knowledge if not most into the real practice, so it means i trade and i learn and i practice at the same time.
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For a while tray22, you need to satisfy for a while being but if you don't have any single plan to increase your total income well you can just be satisfied with your trading's result. I'm sure all trders wnt to improve theirselves and satisfy for a while is a good idea but never satisfy in long term, increase your capitalization.
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The best way to check that actually in demo account tray22. I choose demo account because of the lower risk it has or to be exact that is an account without any risk. Then, after see how good you are your next move is to fix your issues, by fixing this issues and keep practicing, you are ready to earn .
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A good money managment system can give you success
myregister replied to Levie's topic in Forex Newbies
Without able to manage your risk i don't see any chance for traders to be able to survive in wild world of foreign exchange. Combine volatile situation and high margin forex market is actually without mercy, and with proper risk management you may ended this unfortunate events. -
digitalmoneytalk - digitalmoneytalk.com
myregister replied to yogeshwartyagi's topic in Get Paid To Post
This one still pays and you don't have to worry about that, it seems this forum will keep paying even up to 2017 you will find out that the payment is slow but it is not a big deal because in the end admin will pays and the forum overall offers good rate per posts. -
Importance of stop loss placement in forex trading.
myregister replied to asiaforexmentor's topic in Forex General Discussion
The importance of stop loss is very very important, one of the most usable feature and also one of the feature which helps lots of traders around the world to manage the risk automatically without need to make them stay in front of computer for quite long time, and also SL helps traders to practice safe trading. -
@radex78: Hm, 6 months, right? I've been heard that same advice by lot of traders out there. Dunno if that is right but most of the testimony they spend around that much and already start to earn some bucks. Some people actually prefer longer period like one year or even 2 years but overall it is about are you ready to trade or not.
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Unlimited? Nope that is just myth forex turnover is more than $5 trillion or at most $6 trillion. But if you live in 3rd world country or developing countries your earning won't be fall behind and you might be classified as upper middle class by the standard earning of full-fledged traders.
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Totally agree with the one you posted here. Talent is playing important part here where trader should focus on. Not all have the same capabilities to turn foreign exchange trading into their own "backyard", but mostly traders usually spend round 7-8 months or even up to 15 months to trade in real account.
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Yes i know that kind of concept very well buddy, but this kind of feature only make traders lazy and they don't want to trade later, just copy from someone.Well i don't want to be so naive bout this one but it is hard to trade and learn alone sometimes makes you want to nuke your head