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myregister

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Everything posted by myregister

  1. myregister
    LOL forex is always be risky and risky business will become a less attractive or even a non attractive business if you trying to eliminate the risk fully. You won't earn big in forex if someone can eliminate the risk fully, it will be a low income business where you cannot get much per year even.
  2. myregister
    To study forex someone need to be careful with their sources, sometimes the sources we are hoping for are the cause of our learning. So that is why this is demo account become so important for traders. With our critical thinking and demo account we could avoid much of this kind of lose, because of the wrong source of learning.
  3. myregister
    All traders and to be exact the price is affected by our psychology. All traders are human in this case, they trade affected by their psychology such as fear and greed. By those two , the decision influenced us even we already use technical or fundamental analysis thus lead to the consequences of the price moving if there are a lot of people do the same actions.
  4. myregister
    It wouldn't be possible for you to trade without emotions since emotions would be still exist no matter what is happening to you. Controlling emotions is not trade without emotions it is just trade with your emotion but that emotion is under control of yours, not the emotions who control you.
  5. myregister
    Over optimism never be a very good idea for you, be realistic when want to make profit, never pursue the profit so much. It would leave you with unrequited love. I also think that risk management still important, even you lose for quite much you won't lose your account.
  6. myregister
    @sidejob: That is truly make a sense, but still that is not real account just another demo account with a bit difference. Overall, demo contest just favour someone who have bigger profit, so if your profit is low never think of win even you make profit, all the profit is virtual it is just the prize which is real and only few people who could win it.
  7. myregister
    Yes concentration is important, but it cannot guarantee anything, but at least if you are a cut loss guys rather than stop loss guys then that is better. Concentration also needed for opening decision, distruptive activity would annihilate much of our chance to grab optimum profit.
  8. myregister
    Oh yeah, what kind of strategy which is working in forex? When i see someone make profit with scalping while the other lose but use the same strategy means they don't have a good strategy? LOL, this is laughable to me. I see luck also playing important part why trader's fails, even i must admit i have something like luck but that is what makes me get profit few times. You know like when the market is rise and follow the result of one news but suddenly the market drives back for few minutes and i closed my profit and after a while the price is rise back is another example of what of called as LUCK.
  9. myregister
    Right, i agree with your first is demo account and then real account. It is for the sake of experience without need to spend anything for it. Usually we need to spend money for experience for other things, but in forex we have demo account, what we need is just spend few of your times and start trade. It is better to trade everyday as to sharpening your skill.
  10. myregister
    Fundamental analysis also could be tricky, the market sometimes doesn't follow what based on the result of the market is happening not just once or twice or even up to 10 times in one year it is happening more than that. You cannot simply hope to earn like 50 pips or more with fundamental analysis. As retail traders up to 50 pips already good enough for you, usually you just stuck with 20 pips or 30 pips at most.
  11. myregister
    Based on my own opinion if thereis a broker who doesn't allow you to scalp as you please since scalping is look like a crime then that broker tend to be a bucketshop broker. The first thing you should do is follow them and try to get just 100% of your capital, so make sure to able withdraw the total 100% of your money first after that you can go to the other broker, to be honest that kind of broker isn't suitable for someone who want to earn in long term.
  12. myregister
    Too much believe into someone and doesn't want to spend much time in demo account first. Demo account is useful for them as the place to see if that people who share their strategy with you is right or wrong. That is also a good place to train your analytical skill so in the end you may able to make an accurate prediction and of course know how to manage your risk/money, the only thing you may not learn from demo account is emotion. Well, you learn some but not everything since the psychology of real and demo account is different to certain extent.
  13. myregister
    That is the uncertainity of forex itself, i must say i hate it but that is the fact which i cannot deny, our prediction won't make much change, only our action is. So, from that all, the myth of 100% accurate prediction is true, it is just myth nothing more than just usual prediction. I always predict the market but the result isn't always good sometimes it is worse than what i imagine.
  14. myregister
    @sidejob: Isn't really good? Are you kidding me that is very good if they have and all who have a real office in AAA countries must be regulated too, and who's the regulator of course a strict regulator such as CFTC or FCA. You know how much a broker paid to be into that list per year isn't it? And also there are much more criteria for it.
  15. myregister
    Only if you want to make forex as your living then you must sacrifice bigger amount of money, i suggest $10000. That is too much for students but i think for someone who works for years maybe that is achievable, the amount you will get would cover most of your expenses or even more if you can trade effectively and efficiently.
  16. myregister
    That is depend on your EA's code. Some EAs may okay for volatile condition while the others need stable condition, where it may react later after gain the data before make a decision. I don't think EA is an absolute answer for forex's profit but it maybe a good alternative.
  17. myregister
    If you want to learn about forex there are more than you know source outside It requires just few weeks for you all to understand about forex and also its investment before you start an investment on forex itself. I myself see that we should know what forex is, because i think that as long as we don't now about forex that would make us "blind" about forex itself and will be hard to turn forex into a promising investment..
  18. myregister
    Well, without doubt what gaban said is right since we already know that demo account is a good place to lean and the contest is the most approriate way for trader to see if they already good enough or not. With combining those 2 free ways to training and prove yourselves then you can be achieve a beter result without need to spend much money.
  19. myregister
    But you also forget that real account also teach a new traders that making money isn't as easy as it seems, lose is pretty bad and more hurt rather than when you lose in demo account. This is what demo account cannot or can teach but in smaller quantity only. So demo account and real account are actually a good way for trader to learn about forex.
  20. myregister
    Nope, use lower leverage wouldn't enough for newbie and if you use lower leverage it means you must spend more into your account and newbie doesn't have that much money. So lower leverage isn't good for newbie, it is for experts alike. But it doesn't mean higher leverage is for newbie too because it would grind an inexperienced newbie into ash.
  21. myregister
    Yes 1:500 is the highest yet the most suitable leverage amount for traders to use. More than that will lead to overleveraging. I myself see that is as the bad way to trade if you choose more than that. The lowest should be at around 1:100, since lower than that need more capitals and less risky.
  22. myregister
    You are right but let me say to you, how much people that could do that without much risk? Not to mention that many newbie cannot use their bonus fully to its potential. I myself see bonus is good but as long as that bonus is make a sense, i mean the bonus is not so big like 100% iof your total investment or so on. In this case free money like FBS offered before is actually a bit fishy, but for newbies they could try it.
  23. myregister
    When we are talking about the importance of demo account or virtual account in forex, we shouldn't take it lightly. Demo account is the most suitable place for traders to train their skills and make them as a decent traders. This is also a place where all experts or hobbyist could do experiment like making a new technical technique or test EA.
  24. myregister
    I see some grains of truth from your words, also come to think of it if you live in a country where internet is valued by volume. Damn, that is so freaking annoying for us to learn about forex from video or any rich media content that of course eat our bandwith a lot. So text based is good for every single or at least to most of foreign exchange traders.
  25. myregister
    As i said before Dukascopy included as one of the best ECN broker, or if not you should try Interactive Brokers. If you still think that need bigger amount of money you could try FXCM or FXDD ecn account. Oanda also seems good with their ECN account and most costumers feel good with it.
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