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@omar: That is unfortunately happened to you, to me bankwire still the best in terms of security but its fee is higher than other options such as Neteller, Skrill or Paypal. Since those are payment processor so the fees is lower than those bankwire option, also bank wire is available in all kind of brokers.

Yes, same here its capital is so high, a local broker in my country needs around 10 million IDR. It is around $1000. That much for a late stage student like me is a big problem, also what i don't like about stock is that your trading time is limited. Just around 8 hours, but stock is better for long term earning, and for active investment of course that is fx.

Take profit is worthy tools which we should take for granted and should use it in each trading, not just it make our trading easier later but also take profit provide us a worthy way to earn money, you don't have to think so much about the profit and focusing more on how to make profit rather than cut the profit.

Why people should trade in fx? Imagine a job or side-job where you don't have to go outside, where you don't have to worry about traffic jam, or a job/sidejob where you don't have to worry about when and where you should trade. FX offers it all it is like a future business for many youngsters or even oldster.

Gambling is so clear a business with hideous return. I know that many people attracted to gambling but nowadays many business turn into gambling, they are easily to turn into gambling by promising bigger return more than what that trader could afford. FX on the other hand a place where people get a lot of money with small bucks and in relatively shorter time, especially if they have profitable strategy.

@radex78: Concentration is up to you, but concentrate would yield better trading's result. I myself see that concentrate would boost my understanding about the market, i can analyze it very easy rather than when there was distraction. So overall, by concentrate it will boost my trading ability so much.

LOL why should we try it. It is the same if we want to destroy ourselves. I think greedy is not for playing but controlling your emotions including greedy will be able to turn the table. Well, let me tell you leave greed and control greed is different thing. Greed is part of human, control it like a beast you can control will lead to more benefit for you.

I doubt if forex is easy because there are a lot of evidence that forex is not even easy, and maybe harder than we imagine, but no need to worry in fact fx is a business with high risk, just like other business its key located on the risk management, stick with your STRICT risk management you will be able to survive.

Well, people usually don't do something like that because what they are after is making profit as much as they can. Afterall fx offers something which other business cannot offers in most cases. Risk in forex is bigger but could be a motivation to keep the risk low by not doing something rush, think clearly before open a position.

Well same here, i maybe a bit extreme where i only trade with one cross pair(if possible). It is not like exotic currency offers good movement but from all parameters major pairs are doing well and its liqudity is high, also the market mostly affected by traders or players not the government.

MM and RM for each trading is different to each traders, and in demo contest you need it even actually your lose is not a real loss instead you will lose your chance to grab the first place or second or third place, but still no matter where you trade RM or MM is still important. Participating in demo contest will give you an indicator that you are doing better or not.

Well, my favourite currency pairs for sure are major pairs, ranging from EURUSD to NZDUSD. Currency pair other than that which i choose before is actually GBPJPY. Many people prefer major pairs because of its high liquidity, and also the volatility of major pairs is higher than minor or exotic pairs.

In betting scene i think neteller has its own place but still compete with Skrill. In Forex they are not so popular beaten by Webmoney or even Perfect Money. If you want to open exchanger by use neteller, i think that is a good idea because you could sold it at competitive rate and also no fee for each transaction.

@sidejob: SL still my first and the only way to dealing with loss, i know cut loss sometimes effective or cut profit. But SL is the tolarated amount i can lose, not to mention it has better management since it is done by system and cut my lose faster, i also put Traling Stop in this case if something happen later so i still obtain my profit without need to suffer much loss.

This thread is actually get its answer. The answer is pretty simple fx trading robot actually works to the certain extent and to different condition. Just like human fx robot could lose or gain profit. What you should avoid is a forex robot which doesn't work so well or the one which advertised by cheap vendor via online marketing page.

This is a bit complicated because fear is actually a human nature, and not to mention it exist in our life we fear because of fx uncertainity, and this is pretty normal as long as you can drive this fear into something good. Fear for example will allow you escape loss, by not doing trading or by closing a position.

This is why a trader should be so much careful when trade by use hedging. All you need is trustful indicator as your lead to decide whether you want to hedge the position or not. By doing that you can carefully plan your activity as trader when hedge and reduce unecessary hedge which cause more loss.

@sidejob: I am also a typical fundamental type trader, so that is why new become the only indicator that i am using right now and the result whether it is good or bad will influenced my trading later when i want to open a position and so do when the news result is inflicted each other that i will avoid as much as i can.

Yes, i know about that very well. The cost is not just about money but time, but if you earn a lot of money it sure compensate your time if you think your time once again. This is why many scalpers think hard about their spread, i mean how much it about. That is cost just like other people think.

In HYIP, people invest with a more anonymous platform, and it seems that Webmoney offers it but from that all, in HYIP Webmoney is doing well and so do in the other field such as Forex or Shopping site, and in few gambling sites. Webmoney also now enter EU with regulated by FCA.

Hm, but it would be good if you use payment processor service since that means lower fees than this kind of debit card also this DC actually arrive slower to your home. This one is good because it is accepted by a lot of affiliate marketing site or the similiar site and of course some forex brokers.

We can start profitable trading if we want by use profitable strategy and strict risk management, with those both combined a profitable trading can be achieved. Also as far as i know, a bit training or experimenting in demo account would give a better position for trader who just start their trading and for veterans or experienced traders it would give them stable income or even better earning.

Well, if we want to talk about the possibility, then YES it is possible but not forever since forex is volatile you may able to achieve that state(daily profit) but only for one week for example or 2 weeks but in the third week you start to lose your capital a bit and so on. By using common sense only we know that the conclusion is daily profit = possible but not forever.

That is for forex robot which sold by scamming vendors. You shouldn't believe that kind of expert advisor for your whole life. The next one is about 24 hours working computer, the solution for this is VPS. VPS is cheaper nowadays than run your own computer for 24 hours and usually more secure through some aspect. I don't advice newbie to use EA, let the experienced one to use it.

It is clear as crystal isn't it? The reason why traders encounter losses because either that trader is incapabl to handle the situation and have bad insight to the future of the market or they simply lose because the market is unpredictable during that time. Know the reason is good but it is better to know how to solve the cause of why you/me/others lose their trading.