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myregister
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Everything posted by myregister
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Importance of Demo Account/virtual account in Forex
myregister replied to abdulla1's topic in Forex Newbies
This is why i still have 1 demo account with huge sum of deposit inside for the sake of learning and also for the sake of experimenting. There are some news that i am trade with demo account especially for news that i think is good but i passed and see if it works well or not. Thanks to demo account i can do that all.- 751 replies
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- forex virtual account
- forex demo account
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It is nice if you make profit but painful when it comes to loss especially if you set for high loss hoping to get some momentum when the price is rising, and also there is overnight fees which could reduce your profit if you hold position for long time.
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Not only instaforex but also another modern brokers which connected to the internet and has server to process the payment of traders. In my broker that i am using right now which is FXDD, we can even create unlimited amount of Demo account for free, but if you don't use it for 30 days your account will be close.
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Lost 20 trades. Do you advice I quit trading?
myregister replied to flybiz08's topic in Forex Newbies
Well this is all up to the trader's decision, some traders who really loss it i am sure have their own reason, in this case maybe they think forex is not more suitable place for them, and as we know forex is not a place for all people in this world, isn't it? But if you think that forex is suitable for you, even loss 20 consecutive trading you musn't stop and keep trading. -
Yes, it is more important than luck but you forget one thing we also need experience, only education does not help you to make more profit. Thus this will leave some big marks that could lead to your demise. Experience make those education meaningful than what it was
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If we don't work hard, can we make more profit in forex? Of course we should work hard. But it does not mean you must also over trade your trading, just doing a normal trading in the right time but don't be lazy, when it comes to trade you must trade but when it comes not to trade you should stop.
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What are some factors that affecting the currencies?
myregister replied to reyah's topic in Forex General Discussion
So what do you want to say here is the source of currencies price change is one country economy isn't it? About that i think it is right, people will tend to move by those kind of news that said one country has good economy or not, but for long term they have broader vision and sometimes does not affected that news or report about one country's economy. -
As long as our earning in this business is big then no matter how much we earn. I think around 4-5 digits already more than enough for retail traders, but for big instutional they need a higher amount for their own profits, i think it is 6-7 digits or so.
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Well, forex in nature is a neutral things you cannot see that as a job that could be part time job only or as full time job only. But in this case you can can switch between those two when the condition allows you to do something with it.
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Judging from its interest rate this program is long term investment. The return rate is quite high to me and i can say that is profitable. From the front end side, Script and template are attractive also SSL and DDoS pretty much installed here, it seems admins spend a lot of money for this one.
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Good things: -Hosted at KODDOS -Has DDoS and SSL. - Relatively young age, with quite profitable rate. - Licensed script. Negative things are there is one HYIP monitor that want to monitoring this program and less advertisement in other sites. If i want to put it in Rating systemn, i would give this program rating 8/10 at the moment.
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Why the minimum deposit should be high? I think that is not wise from admin, Even like that the interest rate is considered to be stable plus it has SSL and DDoS protection which increase the prestige. Judging from its statistic, peoplegoldmining has been paid for more than $300, still small amount to me.
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I think this program has many thing, only SSL is not exist here while its DDoS is exist. One thing that become indicator for you guys, there are around 4 hyip monitors that invest more than $100 in this program, giving a bit guarantee for us that they won't collapsed sooner. This program is PAYING too.
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One thing that i am worried about this program is its hourly investment plan, it could make this program less sustainable and prone to fall sooner. At the moment admin has been paid around $3000 and this program also has been running for 2 days, increasing more risk for earnmanage.
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Hosted at DDoS-Guard, having SSL protection, monitored by more than 5 hyip monitors constantly and ads in various site including those HYIP are good things that this program has. The profit rate is also quite stable make it less prone to such a scam. Overall i think this program is at 8/10.
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Well to me Axitrade offers the stable profit rate and could sustain this site for longer time it has nice script and SSL also DDoS protection. But i got bad news for egopay users that They just disable their Egopay account for security purpose. If i must give a rate, then Axitrade is 8/10.
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Usually gap happening after the opening of the market, i personally rarely see it happen during business days, but usually see it happening after entering the new week of trading. I know this is hard i also don't prefer this way, but twice i got my profit more with this gap.
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Did you have enough income From Forex Trading ?
myregister replied to TenkoFx's topic in Forex General Discussion
If i want to say enough for whole expenses in my life then that is not enough, my earning still so small compared to those who earn in 4 or 5 digits. But at least for covering some expenses i already did it by myself and helping myself also my family too. -
Forex trade is not for everyone.
myregister replied to showrov1993's topic in Forex General Discussion
Not all traders have a good side only. Just like what you said, forex need someone who want to learn, who never stop to trade in forex and have willingess to trade. Some people just want fast money and don't want to work at all, i advise to invest not to trade in forex if they want like that. -
Why don't depend on news? I know this is not perfect but i have been prove it for more than one year. You can choose one right news or at least trade 5 times in a week with whole news that could affected a pair you choose. You only observe news and see if that is above the expectation or below the expectation and then follow those new's result.
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why many people see forex trade as gambling?
myregister replied to rockstar's topic in Forex General Discussion
Forex as gambling because traders cannot make profit at all. They are losing it more and gaing only few profit which more similiar to many losers in gambling, also some regulation could be exploited by some big traders and this is what some wannabe rich small speculator said as gamble in forex. -
Technical or Fundamental that you like more?
myregister replied to andry777's topic in Forex General Discussion
I prefer fundamental over technical analysis, first with fundamental i only need to wait for high impact news such as NFP or CPI. Second it is only take around less than 1 minutes to do analysis i rarely got less and that happened when internet connection has problems, Last it is easy to do analyzation with fundamental analysis compared to technical one. -
They have power and they can hide it, also they can choose to trade with smaller amount of money so no one to be suspicious of the activities that they do, but this is limited to the mafia or "black" organization which is big enough such as yakuza in Japan.
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Still 1000% worthy for trader, Take Profit is the only tool that will make your profit capture automatic. Before i use take profit, it takes longer time for me to cut the profit. also it is tiring but after using Take Profit everything is doing well.
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Demo account has its own potential, traders with demo account could improve faster rather than before. Using demo account also lowering the cost for learning about forex trading. Real account i think i don't have to say about this, as we all know this is the most important place and small retail traders treasuring it.