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myregister
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Everything posted by myregister
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The rate is quite normal for short term investment program, but the script isn't that attractive since it is lacking of more presentation. What this program has right now is only trust from investors, but this won't stay for quite long time. i bet at around 3-4 days this program will start having some problem.
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8% daily seems bit high rate for interest rate also not to mention that admin pay us each hours which i think isn't make any sense at all. Despite of this program's good script, SSL and DDOS protection but offering interest rate like that could make this program collapse sooner.
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Around $500 or so is in admin's account and i think that is a bit reckless if we want to invest here, based on the statistic it has been online for more than 1000 days, it also has minimum deposit that could lure more investors, but cyrpto team has licensed script and SSL encryption that make it somehow different and a bit pros. At the moment it still paying but i think the risk is higher than before.
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Well it has all the basic requirement such as SSL encryption, DDoS protection and also hosted at nice hosting site not to mention it has licensed script. Another thing that i find about this program is that millionpal is short term and the ROI rate is not that high but still quite sustainable, with all the basic things that this one has and few HYIP monitors that oversee it i think it would be able to survive up to one week.
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what is the main cause of loss?
myregister replied to showrov1993's topic in Forex General Discussion
Well that is right i don't think that is something we should discuss futher because people indeed lose more of their money because of bad psychology, like fear when it is actually the right time to open a position or let our position keep floating. Actually to minimize the risk you need good risk managmeent also psychology alone won't help a lot. -
Virtual and real trading in Forex
myregister replied to dennypiyu's topic in Forex General Discussion
Crucial for the early phase, with virtual trading many traders learn more about forex and also can choose which is the most suitable strategy for them. Real trading is the master of all account where i love to trade but real account gives something better for someone who want to do a testing and want to learn more about forex. -
Can you really trade without emotions..?.YES
myregister replied to showrov1993's topic in Forex General Discussion
Same here i never see any single person who trade without emotion, but that is not mean you trade emotionally, if you trade mechanically like i said in previous posts then you trade by surpressing emotion to the lower level and control it. Emotionally means you can't control your trade and let emotion conquer you. -
So do i who love to lose their money. After all i think all people should be hate to lose but we talking something that is actually not so well known like loss, I actually dislike requote that is really bad for me since i want my position executed instanly which bring me more benefit later, also with requote our position could be slightly higher or lower than before.
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@dion ebrahim: Of course they should know the risk, after all the more risk you must betting in forex the more money you will get if you can make profit. Also my target in this year is to reach at least thousands dollar for my capital, after that maybe i will earn better life but that is just my target and could be achieved or not.
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Huh? Ithought that we cannot trade maximally because it means that we don't sacrifice everything but in fact we should sacrifice for it. I think you mean as optimal/optimum trading. Well if you want to earn in maximum or higher you must be ready for more risk but if you don't then, but when optimizing trading then it means you trying to reduce risk while increasing more profit.
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@aliforex: Yes we can do that in fact some brokers that i know like FBS or IFX offers low minimum deposit for investment but let me tell you once again the amount of money that we invested has some parts of measuring how success we are, using higher leverage also means that you risking your trading so much and usually traders that use high leverage has low amount of money in their account.
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Well that is the ideal image of trading which all newbie should follow but the condition usually made those newbies must leave that ideal image. I still see experience as the biggest reason of mistakes, i know this will be happen sooner or later but with more experience we can minimize more loss, and don't only learn from your experience but also from the others experience.
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Yes, brokers offer demo account for free also not without any reason behind that thing. I mean demo account is a suitable place for many traders to try forex at the first and i don't think this is a bad idea for them beside all trading just another virtual trading and does not affect the liquidity provider that they(broker) use.
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I don't talking about that if you want to promote yours there is the other way to do that. If you really ever did a demo account trading i am sure you know the burden is lesser but this is just psychology side which proven to be more powerful if we could apply in real account, make sure in real account you trade mechanically not emotionally.
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Investment in forex could be done in 2 way, first active way and passive way. I prefer active way because i am the one who control how much i should lose and also i can improving my skills, but for passive is not a bad idea, if you have much bucks forex could be a good place for you.
- 336 replies
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- long term forex trading
- risk in forex investment
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What do you think about free deposit from broker promotion?
myregister replied to kaito kid's topic in Forex Newbies
I think that is not a good idea as long as traders really follow their own goals and never did something that could make them loss instantly. But first you must see your skill, are you good enough or not, if you are then there are big chance that you could still make profit from this promotion. -
Stock and Forex are the same in nature, basically we earn money from the price difference but in stock you don't have to sell or buying, you can simply buy and earn dividend each year or each few years. I prefer forex right now and isn't stock because forex has low minimum deposit.
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Demo account? or real? LOL, demo account as we all know is the place for earn more experience. Real account is a good place to earn money, as more you earn money there it will be good but there is real risk here that you could lose your money.
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Can no deposit free money help you achieve success on forex ?
myregister replied to kaito kid's topic in Forex Newbies
Once again this all not about how you get your money but how you control the flow of risk and also how to obtain more profit, basically it is your experience and skills. If you have good skills i don't have any doubt that you will be able to achieve success with free money. -
Brokers which have a good regulation must be a great broker or at least you will get better service when you trade later. Also one broker with strict regulator usually become one of the most strict broker and really keep their good broker image and rarely trying to do something bad with their clients.
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What are some factors that affecting the currencies?
myregister replied to reyah's topic in Forex General Discussion
Well i think something like political or economical issue would bring the price rise or down. For example if NFP result is good than before i am sure 98% that the price of USD will rise and even reached 3 times than before, and the opposite example could happen if the NFP's result are lower than before, the price of USD will fall. -
How to start trading without investment?
myregister replied to riad99's topic in Forex General Discussion
As for traders , i think that is possible for traders to trade without any investment and that needs more time, you can follow a forum like MT5 and after that you make posts there and gain more and more total capital after you have enough bonus you simply login to your real account and then trade there. -
Virtual and real trading in Forex
myregister replied to dennypiyu's topic in Forex General Discussion
Virtual and Real trading are the same and important in the level of importance since both of these things will lead trader to a place where they could be improve theirselves, both of these accounts also has its own purpose which in fact are different to each others. -
what is the main cause of loss?
myregister replied to showrov1993's topic in Forex General Discussion
For all of these can be assigned to a trader, meaning that main cause of loss are indeed much going on in the hands of a trader itself, whether it relates to emotions or minimal experience and also the inability to minimize the possibility of losing. -
Why? It still necessary you can turn your computer on for 24 hours, and so do phone too but it still important guess what? Because you don't have to close your position since if that hits the points/pips you will make profit and the position will closed automatically, so even you are sleeping you still can make profit.