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myregister
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Everything posted by myregister
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I cannot imagine something like that sidejob, everything should be really bad for traders if something like that happened. In order to trade we need big amount of capital, it just make foreign exchange as the business which has high barrier and i'm sure fx won't be so much popular just like it is now.
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hone your trading with a demo account and a real account
myregister replied to rizal83's topic in Forex Newbies
Journal, hansonudo2? It look like a very good idea but how to generate that journal into something which is more readable so we can extract what we should change or keep in our trading?. By the wy, honing our skills could take some times so i recommend in demo first and after we get the glimpse and ready to earn, we can learn by earn in real account -
Why do you think people are scared of investing in forex?
myregister replied to Levie's topic in Forex Newbies
I think it is make sense as we know people love to make profit but hate to lose, even you trade as forex trader or invest your money as the pure investor. The other reason is tht they scared becuse they don't' know what forex is. I think foreign exchange portrayal should be more friendly but still doesn't remove its reality as high risk business. -
I generally satisified with my trading not in longer term but in shorter term. If i finish my trading and make profit i will satisfy and won't overtrade after that or foolishly trade because of that. You must be patient and the great example for this is actually george soros, he know he can shake the world but not over do it and satisfy with it but still trade up to now.
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You don't have control over trading when use robot, that is the disadvantage but you can trade in faster manner rather than others and robot doesn't have emotions which is good when someone trade because some traders which i've ever seen use their emotions too much,
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The problem which many people here is talking about actually the screen i know that in 3 inch or 4 inch screen, but in tablet that is not a big deal and in modern smarpthone which round 5.5 inch or even 6 inch, other than that i don't see much complaint about it, in fact most of them happy with that concept.
- 372 replies
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- Mobile forex trading
- how to trade forex via mobile
- (and 4 more)
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To us gambling is not business, but it could be business for the host remember vegas? also there are a lot of professional gambler which turn this game into promising job for them. In fact, some people earn well but not ll, but once gain fx has more people who win inside even with 90% pure speculators.
- 76 replies
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- forex v/s gambling
- forex or gambling
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Well, i think that is true but trailing stops actually more useful if the market is not in your favour. Confused? Well imagine if the market is moving according to your favour but suddenly the price start to move against your prediction. If you use strict Traling Stop then you can maximize your profits.
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If that is what you mean as control over trading then it is true, but fx control them but do you know that fx influenced by people we specualte, we sell, we buy, and that is what drive the price and create what we called bullish or bearish sentiment. From what i get based on TS's posts then control here means as control to choose when to open and close the position.
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It looks like game if you see it deeper, i mean we are all trying to predict by put our money there hope the price rise or fall depend on our own view. This is why some people still see forex as gambling and some people keep addicted with it, i treat this as job so i am carefully when trade with it.
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Traling stop is very useful tool, i know this is common knowledge but let me say you it helps me to optimized my profit and in certain cases such as when the market follow the trend and suddenly moving back. No matter what i still use trailing stop because this is useful to me and as i said before the chance of me losing is lower especially after grab some profits.
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It is important to know why and how we trade, so control over one's trading is crucial. Once again i remind trader here to be careful with trading especially during brexit, and allow robot during this case might be a bit bad idea. For sure if you have enough backup then you shouldn't worry but if you don't control one hundred percents over your trading is the wisest idea
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You don't have to trade everyday if you want to trade with optimized profit in fact you should focus on your current trading. I see most traders trying to go for quantity rather than quality which they should prefer quality, trading with more quality will bring more prospect to traders.
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i think knowledge is just the additional bonus if one people want to trade in forex. Just like what you said the biggest or main reason to trade in forex is money, no one deny it. If someone don't need money then they can switch to the other things which has lesser risk.
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Get paid on every trade win or lose
myregister replied to David_Warner's topic in Forex General Discussion
if your loss is bigger rather than your total profit including your rebate it will be just the same you will only suffer loss but it seems that i mistake it for some reason this one is refback not rebate, well the rebate is from admin but he transfer that rebate to us later. You can say that admin give us his/her rebate. -
Chargeback is one of the nice feature paypal has i also like it and use it few times , so far so good but it seems that some people tyring to misuse it, they charge seller which is actually honest seller and win but right now it is very hard becuse paypal's chrageback is better and what i hate about this feature is that it will limit seller's account.
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Well it is not like mobile platform has different trading platform, it is MT4 mobile platform we are talking about, also you can get mobile trading platform not from one broker but also from the brokers FXDD the broker which i'm using right now also offers mobile trading platform. Just like what i predicted in future this method will keep increasing and people have access more from mobile phone to trade.
- 372 replies
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- Mobile forex trading
- how to trade forex via mobile
- (and 4 more)
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Combined with SSL protection truly make this program just like a great program, i am sure the lifetime of this program could be longer than other similiar program. Also i just visited the site and see there is contest for 1000 refferals contest and point contest too. One thing which make me more surprised is there are few members who already upgraded and invest here.
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All kind of invest is fine, forex is one of them i just like the others here would invest all of it in foreign exchange and earn better than what i have right now. But in fact there are other businesses which we all can choose, one of them is stock or maybe you want to try to invest in futures where people use contract to trade those commodities or even create an online shop?
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Forex: Why Psychiatrists Make Better Traders Than Expert Economists?
myregister replied to abdulla1's topic in Forex Articles
Well actually those two are different things, psychiatrist and economist are really different job to each other. Psychiatrist of course have better knowledge of psychology while about forex maybe they know few of it, but economist know forex and economy in depth, also usually this economist has good psychology, you can say if they are expert then it is a top-notch emotion control. -
How the CPI Economic Indicator Impacts Forex Trading
myregister replied to abdulla1's topic in Forex Articles
CPI surely affect the way investor or speculator see the market's movement, this is crucial indicator for fundamental based trader like me. But not all country's CPI is reliable to see sometimes the reliable one also give the wrong impression and the market act strange. CPI means inflation and if inflation controllable then it means there is growth, so many economist see the rising CPI in controllable manner means growth. -
You got the point there, first it is normal to see people suffer because of that i think loss even as the part of learning, some people said experience is the best teacher and if you suffer loss then it will be experience for you which means the best teacher to teach you what is loss, how it feels and how to avoid it. As for broker, this is a bit like debate, because some people feel good with eToro even i don't trade there anymore but this is more like preference.
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If the broker offers it and that broker is truly legit i don't think we should reject that offer, basically rebates will give us more courage to trade it reduce the loss while on the other hand if you are making profit it will increase your total profit more than you've ever seen. Basically i think rebates as one of the advantage someone should take gratefully.
- 19 replies
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- forex rebates
- kickbackfx
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whether you like positive or negative slippage?
myregister replied to uncle gober's topic in Forex General Discussion
You don't like slippage? Even positive slippage? I assume the reason you left ironfx is because the negative slippage not the positive one. How can someone leave the broker where they get more than where they lose more? Ironfx is another cases but if you want to discuss it there is another thread for it. Anyway i think negative slipage is harmful but positive one is really great. -
So you mean they are stuck with one platform just because that platform in this case metatrader just work? This is like financial business it just works mental. But nothing to be afraid as far as i know some big traders use their own favourite platform, and metatrader in this case is useful for many retail traders while those big one usually use propetriary platform.