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myregister
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Everything posted by myregister
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Forex is for everyone, and just a bit information those professionals that you might know or not are newbies at first. They are nothing like us but as they keep trading and also learning and practicing and sharpening their skills right now they are on the top of most traders. Since forex nature is so open anyone can trade inside, like you and me.
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@gaban: You hit the spot, with this kind of new way to trade people will have mobility than ever, i also see that mobile trading will increase more and more in future thanks to smartphone usage which increase in this year and in future. I've been try it few times and to be honest it is just a bit different than desktop trading.
- 372 replies
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- Mobile forex trading
- how to trade forex via mobile
- (and 4 more)
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What's the best thing about your broker?
myregister replied to Upul Tharanga's topic in Forex Newbies
It is an STP broker offers nice leverage not too high nor too low. Well regulated and also has nice reputable as one of the most stable forex broker. Not to mention it has been win few awards and become It is regarded as one of the pioneer in forex especially online forex trading. -
After some trials and error, also with some experiences after real trading i think around 10-15 minutes is the best for apply your SL. I am using news based strategy technique and with that much i can avoid loss because of touching SL since sometimes fake movement after news could put the price against the news for a while before bounce back down.
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Pamm investment will never be away from pamm manager, if you can find a good pamm manager then you will be able to make profit as investors. I want to do it once but usually pamm managers offer high minimum deposit. Maybe because those managers want better and optimized return.
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Should Forex Brokers Accept Bitcoin or other cryptocurrency?
myregister replied to bloger90's topic in Forex Newbies
Well, if that is the case i will be agree with you, i will allow BTC to enter forex realms as long as that is as commodity, a good feature that will maybe boost forex popularity somehow, because forex offers more commodity for people to trade and i think it is the most volatile commodity rather than others.- 54 replies
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- Bitcoin in forex trading
- Litecoin in forex trading
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multiple forex broker Trading with multiple forex broker; is it advisable?
myregister replied to flybiz08's topic in Forex Newbies
Can you manage that all? Only having one account and one broker already make my head spinning around. I doesn't advice but doesn't discourage either. In fact you should measure yourselves see if you can manage your account well. If you can do that i don't have any objection from you trading with multiple forex broker but if you can't then you already know the answer.- 106 replies
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- disadvantage of trading
- advantage of trading
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It is profitable and more profitable also it is more flexible than ever and without emotion for sure, and the thing you talked about before is their countermeasure that if something bad happen, and also robot still able to double the profit even you give them small profit, and remember this one coded by human, so that robot might have malfunction one day.
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Is it possible for me to sell my forex account online
myregister replied to chuna1985's topic in Forex Newbies
And don't forget that you need to withdraw the balance and if you buy an account from them how can you withdraw it while use that trader's name and not yours? That is practically impossible, so i will retract what i am saying which "hard" and change it to "impossible" to sell forex account online, also as sidejob said that is would put you into blacklist. -
Just like what i said many times before, self earned traders will earn be able like talented traders but it takes longer path for them and also it means their effort must be bigger, it is just matter of time or how much effort you should put, you can say talented traders will be effortless compared to non-talented or someone who self-earned.
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In the end it is big profit, 5 pips in 2-5 minutes trading and then you must do it 20 times consecutively which takes at most 25 minutes and you already get 100 pips during that time? That is big profit and in relatively shorter time, who doesn't want to make that much profit? For me of course yes, but i do realize this way is really hard for me so after trial and error i changed to fundamental analysis strategy.
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There is no way all of you live in rich life, it is just the same with the discussion of this thread, yes there is someone who make profit and someone who lose back there, but there is also someone who is not loss like central bank who intervene the market, they don't make profit or loss either.
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@upul: If you make an accurate prediction they you don't have to worry about this issue, manage the things well and you will end profit, well when the price moves maybe that is just a reflection of the market and won't be long, this is why you should be careful with your SL, only applied it in the right time.
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Thousand dollars is nice if you want to see difference in your earning but as impatient trader try as low as $100. More than that is encouraged. What important later is not how much but how to manage the risk and also how to make profit from your strategy, if those two is fine just trade and you will be able to increase your capital slowly.
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Aspects to consider before you trade in FOREX
myregister replied to omar.elalfy's topic in Forex Newbies
Well then that is the same like me i alwasy have some strategy that help me to avoid loss or if i suffer loss i can turn the table with the other tradings later. I think not just that we can become successful trader, but other aspects like choose the right broker, choose the right lot size of course would help to minimize the risk and bring us to be a successful trader. -
I think all brokers right now offer demo account, as you can see demo account is another plus point for a broker. With that a broker may survive better and of course will help traders to get know their broker well or for new traders they may learn there and if interested create a real account later.
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Lost 20 trades. Do you advice I quit trading?
myregister replied to flybiz08's topic in Forex Newbies
@gaban: True sanity may lose but still i prefer if just 20 trades and doesn't happen consecutively then never quit from your trading, keep going on and learn from your mistake, and after that you might be a good trader with one note: You want to learn from your mistakes. -
We should understand that forex market is a big thing while we as retail trader just small piece of forex. We are here to udnerstand market and never hope that you can control the market or expect market to work just like what we wishes. We are here analyze only and follow the trend.
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What factor is help to consistent profit in forex?
myregister replied to Upul Tharanga's topic in Forex Newbies
Well that is not the case i think, first of all trading psychology doesn't have any effect directly to the consistency, it is your strategy, your self-discipline, and also your risk management. Having those three on the good/ nice level you might be able to be consistent when make profit. -
Compounding + Withdrawal. Why don't do both lately i barely reached my monthly target and just withdraw for $20 and keep that $45 in my account so step by step i can reach another $100 for additional capital. I know this way is slower but it will makes you able to compound while get your own money at the same time.
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Some people must have their own rules. I myself don't want to risk for more than 5% of my total capital. 4% is my current number but that is a bit lower since i have quite small capital too. Rules are important especially self made rules which help you to sustain your trading.
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hone your trading with a demo account and a real account
myregister replied to rizal83's topic in Forex Newbies
First do it in demo account and then after gain some experience switch to real account. Rather than following the real to demo account or just stick with real account i prefer that way, It is proven as newbie usually not as good as seasoned traders, so trial and error will be exist, so this is the place for demo account. -
As long as you have some bucks in your pocket you can make money from pamm. To be exact many pamm manager offer a good rate and also you will be satisfy by their overall performance, and thanks to broker that offer this kind of service we can select and view pamm manager's performance which make us easier to collect information and ready to invest there.
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Lost 20 trades. Do you advice I quit trading?
myregister replied to flybiz08's topic in Forex Newbies
Losing 20 positions even in consecutive way for sure entire damage for everyone who has it. If you have plan to change your habit in trading i recommend don't ever quit but if you still have that kind of habit then you should just quit because in future i am sure that you will keep losing more money.