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myregister

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Everything posted by myregister

  1. myregister
    I think we should know that $3000 is a huge sum of money compared to $1000 or less, maybe for high class people that is still low but for me that's big enough. The right place to invest is actually forex but other field of business is fine, nothing wrong with it. But with that amount you can double it less than 24 months if you are able to manage your capital well and have profitable strategy.
  2. myregister
    Demo account or Real account or whatever you all want to say won't change much if you don't use it, you will tend to lose if you don't use it to your maximum. Demo vs Real account argument is a long debate but actually this is clear that one to each other demo and real account complemented each other.
  3. myregister
    Demo account is quite important, especially if we are just starting our career, you will see the difference if demo account isn't exist in forex, all people must sacrifice their own money for the sake of learning or trying something, with demo account the cost for learning is greatly diminished.
  4. myregister
    It is not illegal but if your broker is dealing desk broker you surely will have much problem with scalping. Not to say dealing desk earn from your loss so your loss means their earning. Your POV is pretty similiar to the others, brokers mainly doesn't allow much of scalping because of infrastructure problem or because that scalping is more profitable for traders LOL
  5. myregister
    Just trade when the market doesn't volatile, or less volatile because that is what scalpers for isn't it? As for long term trader for sure they must have strong insight since analyze the market for long term isn't that easy because we target for longer term than just that scalping. But trading also depend on pairs not just technique.
  6. myregister
    Addicted when you cannot remove yourself from forex, thinking that is just of your life. Or maybe you are someone who extremely attached to every single trading or if you focus too much on gambling, i mean you trade because you are overconfident. One of the warning signs is when your overriding goal in the market is to make money at all costs without thinking the risk. When you do this, what you are doing is essentially gambling
  7. myregister
    Nope, you don't have to trade everyday and based on my own view this shouln't be done because it will easily depleted all of your mind to work for something which may doesn't bring much fortune for you. I see trading at certain time when all or at least 80% of criteria met will bring more effective yet efficient result.
  8. myregister
    NO, NO, NO. Forex is risk itself, it is the incarnation of risk, forex become so popular and thus become more lucrative because of high risk it possess. Logically, by eliminate the risk fully in forex you will make forex as less attractive business, you won't make it as the business you see today.
  9. myregister
    As long as you can manage it but i still on my own standing and still think that put a lot of indicators is one of the bad idea even if you can manage it then it would require a lot of efforts to manage it all. Since i am fundamental based traders so technical analysis is playing less part.
  10. myregister
    In fact, low leverage never be benefical for traders who has small amount of money. Unless you have enermous capital in your account you don't have to worry so much about being use lower leverage. Some people say 1:100 is standard so low leverage which i means here is below 1:100 like 1:75 or 1:50 or even 1:1.
  11. myregister
    With considering that $2000 is a least amount of money which i used for investment in foreign exchange. But i agree with levie at last, Invest only what you can afford to loss. With this you won't have to get so much sentiment of losing since actually sooner or later loss is undeniable in foreign exchange, and to make us ready for that shock invest something you can afford to lose.
  12. myregister
    That is right, risk management is important as that would be help us to relieve more risk that coming up. I was on your place forcing myself to trade even i see that the market has slight chance and what i've got? Consectutive loss and my capital is reduce to a bit right now. But remember experience is the most valuable teacher, learn from it and never force yourself to trade plus always stick with your strategy.
  13. myregister
    @radex 78: Inevitable but we can reduce it isn't it? I also know that market is moving dynamically. And based on my own opinion experiencing loss at around 1-3% of your total trading for the whole 1 month then it would be good enough, i don't see any problem if you loss at least once as long as your total profit still overwhelm your total loss.
  14. myregister
    Well let us clear this thread for a while, first forex as investment for sure is lucractive since it offers flexibility and good return(remember as long as we able to manage the risk). There are also 2 ways for making money by our investment, it is either passive or active investment. Active is for trader, you trade your invested money and make money from it, as for passive one we use pamm manager services. It is just like invest in HYIP but it is more transparant.
  15. myregister
    That is actually how trailing stops work, i mean it is just SL which moved after your pips reached your desirable amount you want. But this one is automatically, so for ex: you want 100 pips TS and then your position is +200 pips which means your SL will move to +100 pips.
  16. myregister
    1:200 still my favourite leverage, to some people their own leverage are various, some prefer 1:100 some even more like 1:400, 1:500 or 1:1000. As long as your leverage isn't really high you shouldn't worry about that. I myself prefer 1:200 because that is good enough for me in long term.
  17. myregister
    Sharing something doesn't mean you suddenly improving yourself i agree with sidejob, it is all about practice. Well you can get what you need to do in forum but in the end to make yourself more proficient with trading then you should practice and keep doing that either in real or demo account, that isn't big matter but if i can say it would be better to do that in demo account first.
  18. myregister
    I always use it in this case something bad will happen to or when the position i opened favour me for a while but later it will make a total reverse then i will be able to secure my profit, just imagine with 200 pips of traling stop i could save 200 points, especially when it already reach 400 pips but the price suddenly reverse.
  19. myregister
    And once again we need patience not just chance, if your chance rate is high then you should have patience, with a good patience you will be able to sense which is the right time to plunge into the market without much worry, just train yourself and become a better trader, once you have that full time job as forex trader will be a real thing.
  20. myregister
    Based on thread starter, Yakuza is doing that but to think about it that's actually make a sense, so to make their black money from extortion for example or drugs, would become "white" money so it is like they are doing business but that is all from something illegal. The impact for local traders maybe quite big but for internationally, i think it isn't so big, that's why this is one of the best way to wash your money.
  21. myregister
    Forex now is an online business but before i think around 2000 forex already entered online business fully at least in few countries, but right now it becomes more global than ever. But it doesn't mean it would give benefit for many people, the fluctuation of the price thanks to speculator which is mostly or 90% are forex traders.
  22. myregister
    Nice advice though, i think the same way that forex is very dynamic and we must know the right timing to enter the market, or to close the position we have been opened. The correlation with concentration is that concentration help traders to execute those strategies flawlessly. High concentration without any distraction would allow trader to see more possibility.
  23. myregister
    @radex: Becoming IB is a nice idea and i don't against it, but it would require more efforts. First, we need to trade to gain more income and second we need to promote the broker, and make sure that our downline is/are active trader who make at least one trading position. So with this forex could be main job since we have to streams from forex.
  24. myregister
    FOMC is a nice news which always be high impact news, you can always depend on it and the trend usually stronger even lasting for some hours for pairs like AUDUSD or NZDUSD. I don't know why people prefer technical analysis but it will be hard to be accurate since there are more than just one liquiditors in forex.
  25. myregister
    Just choose which one that more suitable for you,i myself see that fundamental analysis is the most suitable and easier rather than technical analysis, also further i do believe and see it myself that news could bring some impact to the market especially to those high impact news
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