myregister

As soon as possible, this is a very bad thought. Why? This as soon as possible make forex looks like an easy job but it is not. I also have the same thought but to hope for get stable and nice income, i think it is around 1 year or 1.5 years to make it or even more if you are not really good in forex. My advice, just keep trading and stick with your strategy, if you see some tendency to suffer more losses, check what is the fault and fix it or if you can't simply change with the other strategy you may find online.

Fixed spread account is a nice account in theory, you will be able to get no fees or the same exact fees for each transaction, wouldn't it be so much wonderful? Yes, but fixed fees isn't make a sense in volatile market, where the price is moving and so do spread to offset the market movement.

Gangster and Mafia is exist in forex right now but usind different persona and this is not a hard thing for them. They do all of this thing because it is easier with foreign exchange to do money laundering than other kind of business, including extortion which actually before become their main business.

That is make a sense since most people start with relatively small capital thus use lower lot size is a very good idea. If my current capital doesn't diminished to below $150 now, i would use higher lot size. 0.01 or 1 micro lot is the one of the most suitable LOT SIZE for someone who have capital under $2000.

Stock is actually is as easy or as hard as foreign exchange, one thing that i like about stock so far( i'm not doing it anymore) that it works very well with indicators or technical analysis and centralized, which make technical + fundamental + analysis more relevant than those in foreign exchange.

But daily profit still nearly or truly impossible. I've never see anyone that makes profit every business days for say 3 months consecutively. There must be one or two days where they must suffer loss which maybe less significant then their total profit, but still daily profit is not exist. Because daily means that every business days = profit. It need a perfect strategy for it.

We're for sure a learner, it is very easy to know that each trader if meet with resistance will trying to see what is the wrong. "Perfected our own strategy" is another word for learning, learning what we need to change in our techniques, behaviour or strategies so it will resulted in less loss and more profits.

It seems that my view about stop loss right now is a bit change. I still think that is useful feature but only if you know the right way to use it. I use it and still suffering 10 consecutive losses and what makes me surprise that all loss is marked as completed while the profit i get only few that market as completed(reaching its TP LOL). What a irony if think that stop loss is holy grail solution. I'm sure that you ever exprienced that the price is either rise or fall against your prediction and touch your SL but after touch or pass your SL, the price step by step or even worse in fast speed match with your but unfortunately SL is executed and you let with nothing.

Logically they would prefer a broker with low spread, since for scalpers the amount of money is crucial and one pipette even worthy for them. Comparing broker still important in our early research, if we cannot find the most suitable or better one for us, usually we compare one to the other broker isn't it?

Many people for sure love it since comparing broker one to the others would bring benefit for them at least they know what kind of broker they need and to choose near-suitable or suitable broker for them. With comparing brokers we can give our best to the broker we choose because based on comparison that broker is the most suitable for us.

FOrex is simple of course stock is simple but the real difference between those two is working hours in forex is 24 hours at least in business days, while in stock just 8 hours. Stock has less volatility compared to forex and with leverage you can trade on forex spot with smaller amount of money.

Yes, i agree with you i think that use bigger capital means that it allows us to use bigger lot size, but once again you can use small lot size also with bigger capital, but it is actually riskier for small capital traders to use big lot size, because the chance they will burn their account is high.

Fixed account usually a dealing desk broker, and through our logic, how can it be the spread stay still while the market itself is volatile and always give the different price if not each minutes , then each seconds. Floating spread account is more make sense since it offers dynamic spread depend on the market if that is too volatile then it is high but if that is normal the spread could even lower than what fixed spread account did.

As long as you know money management? Are you kidding me? Money management is for someone to control the loss not make profit. You must limit the way you use money and this doesn't have much correlation with daily profit, if you want to make daily profit possible you must find holy grail. A strategy or technique where you cannot even lose your money every day.

Yes, in reality controlling our greed would give us better return. In this case, something like trade at the right time and don't waste our precious time would be applied too. So greed is the source of unecessary loss that we must control, let it like a beast when the time is come to reap maximum profit.

Studying foreign exchange is easier rather than when we compare study foreign exchange with other fx's activity such as analyze the trend, making decision to open(or even close if you don't set SL or think the price may cannot accomodate your TP anymore) the position. I don't say it is hard it is just harder than learning because, in order to earn you need experience which is the hardest part to gain in forex, it may takes years for you.

And also different place thus every single act must be considered first. Your loss is real here so once you make a fool decision just for the sake of your greedines then your account may lose in just few seconds. Patience is the key but also calmness and also focus to your trading.

I alone and maybe some posters here trade through news, using news, and use it for my own purpose. The result is not always fine as sometimes many wrong thing happens, but still legit way to learn about the trend and to indetify, my problem is when to enter and when not. This is the biggest problem, if you enter at the right time, the profit is convincing.

Through offline and online community won't make much difference, but actually it is a practice that could make difference in your trading. Lose is not as easy to identify, we need more time to spend to see what is our real mistakes. Forums are the best place for newcomers to gain experience and knowledge, but not for the whole, just as early experience where you need to think about the terms and so on but next demo account/ real account is the most suitable place for you.

@dolgart: Well that is fine too, but you may meet your SL faster rather than me where i don't apply that amount , i do recommend 1/2 of your SL based on your TP. So with 60 pips TP you put then you should put 30 pips for SL or if that is 80 pips for TP then 40 pips for SL.

Scalping is easier to understand because the concept is actually simple and who doesn't want fast profit. The strong point of scalping is earn pips in relatively shorter time, who doesn't want it? Of course i want but fast profit means that you need to know the right time to open position where that thing is coming, and usually scalping needs a condition where the market isn't volatile or not so volatile.

The risk is present and that is something that we cannot take off, in fact forex full with risk is another thing which make forex challenging and lucractive also promising at the same time. Also it is possible with once again big amount of money and also a better risk management, my advice never spend more than 4% of your total capital when trade. If you lose let it go and if you win just let it go too. I mean if chance after you make profit or loss is in front of your eyes just forget it make sure you safe for today and try it again tomorrow.

Perfect effort just myths to me. That is impossible for someone, even for someone who spends most of their life for forex wouldn't get such remark, maybe they could make consecutive streak of winning but that still for a while not forever. 4 or even up to 10 streak of winning still normal if that people who do it is an expert and has a bit of luck.

It could be a good idea since you get much more views, but too much confusing if you are not really an expert. Usually a newbie who did this must be told by someone. Most of traders i ever find put at most 6 indicators, but they usually take longer time to predict the market since that requires more efforts with more indicators which sometimes contradict to each others.

Because most of the discussion about forex must be put that terminologies, so if we don't have any knowledge about that then our chance to understand what people talking about is low. And gaining more knowledge would be a nearly impossible feat unless we already know at least the basic terminologies in forex.