myregister

Sure all trading strategy will posses some kind of risk which maybe turn trader's account for trader into nothing. This is why we need risk management, but in this case long term trading is not more profitable than short term , short term has its own advantage over long term and vice versa.

So it is all about greediness isn't it? Well there are 4 emotions which i see right now as the reason why many traders easily lose and they should learn how to avoid or control it, aside from emotions traders also need to learn about profitable strategy, because without profitable strategy you won't make profit at all

If you do your job offline and you keep doing that in all of the business days for the sake of get money to sustain your life are you someone who is addicted to foreign exchange? Of course not, this is just job. To me addicted to forex is when you never know when to stop trade, for example you trade for 24 hours without stop.

With VPS, then robot trading would be different because a trader my able to use their robot for 24 hours, it works 24 hours without any stop. So basically it keep analyze the market trend by use its own indicators and decide to do what kind of strategy it do based on those indicators.

It is still paying and since i'm feeling it pays i will join here to see if i can boost activity here, it seems in HYIP section there are less people, but in FX section you can find few traders post their view or discuss about something. It is good to know that my specialization is forex. But spreading our posts also a good option.

LOL @ sidejob i find this thread is a bit interesting because how people trying to compare this two profitable business, why? Because even one have advantage over the other, not all can maximize both of this type of business into its maximum extent. Only big plyer who can do that while small retail traders usually stuck between one of those two. To me now FX and Stock is different thing with its own advantages even i must side with forex now.

From what i see all forex traders start as Cub first. They will gradually grow stronger with the experience they get, it improves their ability to analyze the market and as the result behind this all is they become experienced traders which is able to earn constantly or achieve their economic freedom.

There are 4 demons or considered "bad" emotions which trders should avoid at all cost or control it if they can. It is Greedy, Panic, Fear, and Euphoria. Panic is a bit new to my head but it happened in my previous trades. In a panicky situation, the trader sees nothing but losses in the market, with no possibility of concluding a profitable trade. Losing hope before trade won't yield any result.

You hit the point here, many newbies tend to think that forex is such business where they can get big profit in just small period of time. This is abnormal for me, and my small 2 cents for newbie is don't ever think like that, you may think forex is reliable business where later you may able to depend on but this is still not quick rich program.

Or for the sake of testing your strategy. improving your current strategy so it would be totally better than before and of course if you want you can innovate with better indicators or even invent new indicator, or testing your forex robot which become popular scene in forex since it incorporated with internet.

Everyone has their own opinion about something including this one. I don't want to argue it in improper way but if you examine closer, Gamble and forex has few similiarity. In gambling, we can bet and earn faster while in forex we also able to do the same. There is an old word said that forex is the biggest game/gambling in this world.

also it has been proven as accurate indicator(doesn't mean it always true). RSI is not the best but still a must to included into your chart especially if you are into long term trading and use technical analysis for your trading. It is still good for short term traders but most traders who try it will prefer it with long term chart/strategy.

Money management and stop loss is related to each other, because stop loss is the main component of money management, it is like cut loss activity but in different manner since we know that stop loss works automatically not like cut loss(manually). SL also become a good thing for many traders who don't have time to watch their trading over and over again.

I agree with sidejob, since i know forex i know more about economy of the world and wht hapenning to the globl economy, i also understand some of economic jargon or forex terms which helped me a lot in my discussion, i also earn Quite well now, i think i am more patient than before when it comes to solve problem, the effect is not just in fx world but in other field in real world.

True it doesn't change slightly or in big size but still short term is useful. So this is why i said short term strategy is working well. Moreover, long term doesn't work with some people. Just look how many people who still use long term trading? Of course a lot of them use it but the one who doesn't prefer long term strategy as their min strategy still survive too and advise it to the other people, right?

Yes, it still need manual monitoring but not as much as manual trading where we must constantly watch our position or when we don't open a position yet we must constantly watch the market's condition. You may only monitoring it for a while for about few minutes and then you can leave it if you want. It is acceptable for people to do that, since no one want to do the same with robot isn't it?

That is on the other level, demo contest is like place where you can see how far you evolved. Sounds bit scientific but that is what happen, because you trade against someone who may experienced in forex trading, all people can involved here from various background from veteran to newcomers.

So you both is discussing about demo account? Well, for newbie they should use it to their maximum power. The reason behind this all is not rocket scientific. Some people explained it before in few pages back if you want to see why newbie should use it, the next tip is focus, control your emotions and stick your brain with your current safe risk management.

That is why vendors who sold those forex robot should give us warning if not a guide how to operate that robot, also it would be better if they provide us with more specific files which led us to better understanding of how their robot works, some robot use multiple strategies while use it dynamically.

If you talk about the specific point of SL some people have their own standard then. Like myself it should be as low as 30 pips, or if not it should be in the ratio of 2:1 or 1.5:1 . That is quite specific according to me, also decide your SL in more specific way could help you alot to determine your trading next movement faster.

Yes of course it is the best alternative for pamm, not just because of its transparancy but the remuneration is simply amazing for most of account. The rate which i encountered mostly at least 60% for pamm investors and 40% for pamm manager. If you were able to pick the right manager you will reap more profits.

Fast thinking come up from their training it is not something which coming up just in one night, of course they may lose later but it doesn't stop them with that loss. Scalping is skill you must learn how to do, beginner love the concept because it is easy to learn i mean to understand its concept, but mastering it is another story.

@marthur There is a time where we should stop learning and focusing to make money. I know this sound a bit controversial, but what i want to emphasize here is that learning should be done in appropriate way. Not too much nor too small. So, the conclusion is learn first for some period of time then earn to see how much you learn so far, is that sustainable for you?

It is truly double edged sword @novarisa. The prize from profit is bigger than you ever think but the loss also big enough to ignore. From my own perspective, leverage is useful feature but some people sometimes misunderstand it by give a bad to good view about it. Leverage as some people said will give us chance to grab bigger lot size.

Forex forum already maximized isn't it? In here DMT, you able to earn money just by post your idea and informative posts, in the other forums you can use the bonus from posting to trade. This should be the most grateful thing we should say because before there is nothing like this, and with this thing coming out people can use it to their fulles to lower the risk and optimize their profit especially for newbie.