Exchange Blog Cryptocurrency Blog
myregister
Member-
Posts
7,043 -
Joined
-
Last visited
-
Days Won
6
Everything posted by myregister
-
Well it could be our main job without doubt. First what you need is enough experience, profitable strategy, good risk management and for sure a lot of capital i think thousand dollars already more than enough if we talk about how much capital you should have to turn forex as main job.
-
Not just greed, but also fear. While greed is clear fear is somewhat grey, sometimes it helps you to avoid loss but in the other cases, it just makes you like a fool. You cut the loss and the price suddenly rise or fall against your prediction or your fear. I said it because i felt it before and numerous times during my early days as trader.
-
Luck playing important role? Not to degrade luck, since i wish i am lucky everyday, but saying luck is playing important role is too much. First that is not fixed, it could change just in few seconds, Next luck isn't something you can't rely on, last it is very speculative to depend on luck. Education is good foundation following by experience that may modify some or few knowledges you had.
-
I don't know what was happened, but with TP people don't have to cut the profit by theirselves, we don't have to stare computer for long period. Overall, i must say it is useful but there are few cases where TP is not worthy for example when you can't reach your TP and the price suddenly go towards your SL, if you do it manually you can cut the loss and still make profit.
-
So in the end it is still harmful for trader isn't it? Gangster or those mafias for sure will populated the market well and still playing fair but their income source is the problem which maybe from loan or from other "black" way just like what you said before. It should adressed carefully from government and doesn't make their citizen suffer too.
-
Having live or offline or real mentor actually the best decision, first you can trade right on the track, and there is less movement for you to make trial and error, this is a great benefit and save your time a lot. I bet many traders who are successful enough now want to back to the past and fix their bad habit isn't it?
-
Should Forex Brokers Accept Bitcoin or other cryptocurrency?
myregister replied to bloger90's topic in Forex Newbies
As gateway? I think we are talking btc traded as commodity equal to gold, silver, corn and any other commodities. Cryptocurrency is nice even it is less stable compared to the others, but what we need is more liquidity and BTC cannot give it now, pending is the best option and gives it 2-4 years later to see if BTC or other popular crypytocurrencies has enough liquidity.- 54 replies
-
- Bitcoin in forex trading
- Litecoin in forex trading
- (and 3 more)
-
If central bank also included then it means someone doesn't loss while we earn. But if a trader that you make a deal is also speculator then it means that you make profit while the other speculators loss whole of their capital. But i don't flinch my own heart to this kind of issue, this is just a nature of forex.
-
How can it be, there is no way for a trader to eliminate the risk fully as long as you exist and there is a greedy person at last one risk will be always exist, this is why we should manage the risk which means trying to surpress the risk, or to reduce but eliminate it fully is an impossible feat unless you are a robot.
-
If only right now i have a lot of money i would prefer both of this prospect business, forex and stock are a deadly combination to me. You can increase your capital thus giving you more and more profit, rather than rely only to one you will lose chance to earn double.
-
More than one account with one forex broker; is it advisable?
myregister replied to flybiz08's topic in Forex Newbies
I think for few days or even month a trader can handle more than one account in one broker, but after that we can see who is the one that can handle this burden. Not all traders can do that, one broker one account already good practice, stick with it and you might hold your own money and harder to fall.- 79 replies
-
- trading with same broker
- pro & cons of n no. of a/c
- (and 2 more)
-
This is just commonsense my friend. Forex is an ecosystem or to exact a big market just like Stock. Broker is another player inside just like you and me, only they are bigger and have more connection so that is why they can provide their "arms" for retail traders to trade. If broker scam it doesn't mean fx suddenly scam, it is just like claim humans wrong even though there is only one human that did a horrible thing. It is a pure generalization.
-
But guess what? This is one of the most popular way to make money not just in foreign exchange but also in the other electronical trading such as Stock or Futures. EA will help trader to minimize the risk that caused by emotions and something that a trader(manual one) cannot achieve.
-
I can say that forex as my first job, even actually act more like side job rather than full time job but i feel like i can earn constant earning per month(the amount is not constant lol), It is like having online business that you care most and trying to make it stable and earn each month, who doesn't want to keep this business?
- 460 replies
-
- Learning forex
- Should i trade in forex
- (and 4 more)
-
I am well aware about this facft before i start to put my money here, and i knew the consequences of my foolishness if that is happening. True, foreign exchange is lucractive but don't forget the turnover of forex is keep increasing and this is a promising factor that will drive forex to the higher level.
- 336 replies
-
- long term forex trading
- risk in forex investment
- (and 6 more)
-
It is a big loss for trader also for the broker. To be honest i rarely see an experienced trader that trade with such a high leverage. Usually only 1:100 or 1:200 no matter what kind of technique that they are using since they know that leverage isn't something you should playing with.
-
Jeez, you seems out of the topic so beginners actually love scalping so much because many people said it is a profitable strategy, i even see many newbies trying long term strategy thinking it is the most suitable strategy with them or because their experienced friends said so.
-
Could be fool or somoene who has big confidence thinking that learning is either wasting your time or you can learn from it when you practicing. The other best tips that i could give actually focus, it is hard but the trick is practicing, and don't open any distracting thing such as video games or read manga. Stay focus with one strategy and to your platform.
-
Well i don't see any reason why wandering around demo account makes people become hard to control their own emotion? As for me real or demo actually doesn't have much difference, and once again i agree this kind of feeling is actually because traders trying to compare one to the others but in fact it is just the same.
-
Same here becoming scalpers for few months is tiring to me and i have been switched to Fundamental Analysis type trading that brought me to a style where i don't have to trade everyday, and i don't have to see the candle over and over again, also in this kind of trading SL and TP are playing important part to me.
-
It seems newest electronic money will do that way, they will provide 2 way for people to earn, i can say it is like seamless service that popular as the days goes on. Capitalist itself actually still new so it is too early to judge them if they might be successful or not later.
- 15 replies
-
- capitalist review
- capitalist
-
(and 1 more)
Tagged with:
-
Best of the best to be exact, well it is not exaggerating but i heard(or read to be exact) that perfect money is one of the bad electronic money that exist out there. So, here is the link: http://gdca.co/business.php?memberid=169 can someone clarify this thing because as far as i know that perfect money is fine enough.
-
Skrill (moneybookers) - skrill.com
myregister replied to a topic in E-Currencies and Payment Processors
That is advantage over neteller and i take it as granted, it seems Skrill is trying to expand its horizon. I see the most 2 field that they are trying to go is Betting and Shopping. Online shopping become another new phenomenom and betting which become the main entertainment for some people. -
What makes Okpay different than others is that Okpay are less strict payment processor. One thing that we should note about this okpay is that many people use it despite of its stagnancy, i just hope admin could come with nice solution to provide Okpay's costumers various need.
-
Make a sense friend, it seems like RUB really affected Webmoney before but right now it is back because of its good backup to safe this company from bankruptcy that sooner will happen, overall i think webmoney should built one or two headquarters in some countries that has friendly regulation.