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myregister

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Everything posted by myregister

  1. myregister
    I agree knowledge and experience, blend it both and you will get something new, a new way to think and act in foreign exchange. This would contribute to better understanding and better risk management. But to blend this both will take times, so you rarely see a trader become "expert" in less than one or two years.
  2. myregister
    @radex78 : Now it is not just the only place to do backtesting or learning place but also the place to earn money. Only from contest you can earn from demo account and its earning is not in small sum of money but the prize is very big. Some full time traders even want to spend some of their time to join the contest.
  3. myregister
    Yes i think there are a lot of them but proprietary platform still more popular then open platform. In this case MetaTrader it is a closed platform but it is very easy to use for traders and yet it is powerful enough. The key why MetaTrader is popular because of the support of indicators and automatic trading.
  4. myregister
    I couldn't agree more, actually this is easier to say because most of those newbies cannot rest until they recover and i know that feeling when you lose. The restless waiting for a chance to redeem ourselves. But you are right, it is wiser not to repeat the same mistake again. Since everyone can loss but not everyone can make constant winnable trading.
  5. myregister
    Yes totally challenging but you forget the fact that forex trading also make a lot of people around the world suffer with loss. Many reasons, many excuses which many traders told to us mostly about their emotions, their lack of experience and many other things. In the end it's only you who know why you lose, and there must be a reason behind it.
  6. myregister
    I also want to do that but that is not a reality, it is a mere concept to sell so called holy grail system to you. If you don't have greed, you won't earn money you won't trade in forex, even if you want money you will make money from a more stable earning stream. Control is the key not leave or eliminate greed which is our own emotion.
  7. myregister
    Same here mentor in a sense a teacher who teach you specifically yes i don't have. I must spend more than $1000 for one month just to get a teacher to teach me forex and the result isn't guaranteed. I just read blog, learn from that blog, practice what those blogs tell and see the result so i can choose which technique or strategy that suitable for me.
  8. myregister
    But remember they are mafia or gangster so doing bad thing is their job and this is better than extorting someone where many people suffer, as long as you can play clean you wouldn't meet much obstacle and you can spend your money legally and it means less cost rather than doing something like extortion or opening a casino?
  9. myregister
    I heard something like that with technical traders they use resistance or support level at the last point for SL. This make a sense since there are many circumstances that the price move towards resistance or support, but for fundamental traders i am sure they will choose different way.
  10. myregister
    Not just scalping but also all kind of strategy. If i may speak, then scalping different is in precision not just know it but also must execute it as fast as they can. This act need fast and stable internet connection, some beginners love it because of many forex marketing said that you can obtain profit in relatively shorter time.
  11. myregister
    Not SL which allow you to trade well but you SL just help you in some cases, like when you don't have much time to monitoring the position for quite long time. Also it seems that most of you mistaken that SL is just like everything. By the way, the amount of investment is various to each traders, some prefer big amount of money while some prefer less, but that won't change the fact if you invest big your can afford bigger lot size and have bigger chance to earn.
  12. myregister
    Yes, this is why @gaban we should be thankful that there is feature like leverage which our broker offered. But don't take it for granted, too high leverage also will kill someone's account in shortest way as possible, also not to mention that traders will be more greedy and less careful because requires less money to trade
  13. myregister
    That is well saida @novarisa, but i am sure you know there are some traders who stretch their Stop Loss andl also their Take Profit for the sake of gaining more profit or hope the price will turn its head back isn't it? So it won't help you unless you have determination to follow your RM.
  14. myregister
    Yes, it is worth even well takes your time more than you ever imagine before. But studying forex could be more effective if you do it right. Take for example of someone who learn forex not just by read it but also practice it in real/demo account than someone who just read the material without never practice it. The result is clear, the one who benefit most is someone who study forex through practice.
  15. myregister
    Simple, forex is portrayed as a risky business and even in fact that is a risky business. People scared to invest because of that and if we want to know about that people love invest their money in something safe. It is true forex has higher return but still the risk is also high isn't it?
  16. myregister
    Not just patience but also skills, well i know patience is a skill it is something you all must earned. But patience only doesn't make you successful. I see many things like this happened because they are patient enough they cannot make money.because of patience or even they close their positions even the market later will do a reversal.
  17. myregister
    That is what they want isn't it? Perfect Money is an offshore electronic money, so they are less strict as far as i know and everyone can use their services for anything that they want. I myself prefer them because many exchangers in my country still support it and the rate per dollar is pretty nice.
  18. myregister
    Therefore trader must be very careful, we might hit the stone even though we trade with good and lawful manner. In addition, most brokers are not strict and tend to be free does not question the origin of the money that goes into their bank, even it is a big amount of money, and mafia usually happy with broker like this.
  19. myregister
    Take profit means make our trading more automatic and there is nothing wrong with it. TP still worthy as long as you planned to get bigger profit. If your profit is small enough, just say around 5-15 pips then you can skip that it is better to cutting your profit. SL also is a good automatized way stopping loss.
  20. myregister
    I don't see any payment processor that could replace them sooner. It seems that paypal still one of the best payment processor or the most popular one. Even Alipay which i heard become one of the most fastest growing payment processor still cannot reach it. Paypal is at around level 30-50 in this year.
  21. myregister
    Usually higher? That is lower buddy, comissions + spread on ECN usually lower than broker which offers only spread that are STP or DMA. Brokers still reliable, there are some trustable brokers for ECN. One of them is Dukascopy, but yeah low leverage and high minimum deposit. You can try IntractiveBrokers too.
  22. myregister
    I agree that scalping is SIMPLE, but in theory in practice still difficult. How to make a good scalping strategy, how to enter market at the right time and so on. Since people love talks about fast profit, or receiving small profit that repeated over and over again until you received a lot of money from it so it is why scalping is popular.
  23. myregister
    If you see my post above, forex has 2 type of investment first, active second, passive. In active well your post above is totally valid, since we are the one who control it so know how to make a steady profit and lower the risk is needed. BUt if you invest as a passive investment then you don't need, what you need is a good eye to find a good manager who able to make a steady profit and lower the risk so well.
  24. myregister
    LOL, many people think just because you trade doesn't mean you can make profit, know the theory doesn't mean you already know when it comes to practice. Real trading and Theory have some differences that you should made up by your own experience. In the end, it is all about knowledge not trading skills, but it still helpful to increase your skills indirectly.
  25. myregister
    @novarisa: Forex has its own risk which is bigger than stock the liquidity provider also isn't centralized, thus increase its own liquidity. But from my own point of view the risk could be handle on both. Stock could be profitable so do Forex, but remember the potential barrier in forex is lower than in stock.
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