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myregister
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Everything posted by myregister
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Disadvantanges of robot are more than one for sure but actually people will more focus at one or two. Using forex robot could make us lazy but that is not always happen. Only in few cases, Forex robot just like another trader who trade independently with some direction from us, like our pawns that has its own mind, even we have direction if that robot isn't good enough to process it then it will be our loss too. Disadvantage of forex is that there are some flaws in the code which is the main component of robot.
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What is Forex Trading - for Beginners - part 2
myregister replied to LRdude's topic in Forex Newbies
This is does not make much change actually about the misconception of forex among forex newbies. Forex in fact a risky business even expert know this thing, and as newbie they should know about this thing very well before starting to minimize the riks because of misunderstanding. -
Forex is tied so strong with banks, and as you can see banks only work for 24 hours for 5 day even the prime support is around 24/7. If we want to trade, those who works on the bank must work too, and that is not fair. I agree with you resting is important. Even the real market is always moving even on weekends but i don't see any points to trade with very high spreads and low movement.
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But if that is all about against the policy of one company or country i think they will keep revealing that, especially if that is such a big country, also the brokers does not tell us that how much real markup that they got after liquiditor got their own.
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Welcome bonus by brokers - Make guaranted money
myregister replied to yogeshwartyagi's topic in Forex Newbies
Same like what i said before, how can it be something that given to us for free could guarantee our chance of making profit/ I think that is a nonsense if free bonus could guarantee our profit, it only guarantee that we can trade sooner. -
Importance of Demo Account/virtual account in Forex
myregister replied to abdulla1's topic in Forex Newbies
Demo account is only the place for trader to learn about forex, actually they can try real account but in fact real account is full of risk make our learning is not effective even sometimes could be efficient too.- 751 replies
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- forex virtual account
- forex demo account
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With that potential, demo account could be a good account for testing purpose or learning purpose, minimizing the risk to ZERO. While real account is for sure a place to earn and has the real risk. But i don't think we should thinking which is better than others.
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I know that forex is risky business dude, but i think that as your experience is keep accumulated into the big one you can make decent earning from this business, and please don't forget that each one has their own way to get experience, from making profit or even reached margin call.
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I think that is totally right, many traders without enough knowledge trying to push their luck by keep trading in real account even they know they cannot make it with much profit to cover their loss later, this could be solved by self awareness of their skills and experiences, also with keep trading overall it will be solved.
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There are some brokers that earn from their trader loss and that is very good for them also they really love that thing. As for my broker they also don't hide anything and everything is transparent here so our account still safe.
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One feature that is quite good in several brokers I've ever played is forex demo contest cup, this feature helps traders to be better especially for the newbie who just start their business, with this they also can earn money without fear of losing and can trade with optimal.
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Since with lower spread broker they will lose lesser or if they make profit their profit will be bigger because of the spread that imposed to them is totally low. Overall low spread broker helps trader to sustain their account.
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Can other business man trade in Forex???
myregister replied to showrov1993's topic in Forex General Discussion
But understand the marke movement is not an easy thing to do and during certain time or even forever there are some people that does not know about this concept, also it requires an intensive training from traders itself which look like forex is not a place for anyone. -
Luck vs Education vs Experience? Well, all of them are important and why we should make them like a versus battle or something like that. First we need education and after get education and it is not enough we will shift to Experience and then luck, but never think too much about luck since its presence is too low for us.
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Since it is very unpredictable i think we should trade carefully, despite of our hard work forex also a job that we should take intelligently, always thinking about the risk and how to manage those risk in order to lowering risk and increasing profit at the same time.
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Can you really trade without emotions..?.YES
myregister replied to showrov1993's topic in Forex General Discussion
Without feeling? Wow this is too much i think, we cannot trade without emotion, if we don't have emotion we then don't want to earn money in this business and think it as nothing. What you should know that we need to trade with this emotion under control and keep it at lowest level. -
Do you believe the brokers spread comparison
myregister replied to uncle gober's topic in Forex General Discussion
It is better if you just try those brokers, usually comparison isn't right especially to those who has dynamic spreads since it is not that way forever and will keep changing depend on the condition of the market, or you can check their site and see the live feed where you can find current spreads. -
Fixed or floating spread account?
myregister replied to boltushkin's topic in Forex General Discussion
I don't said about hotforex but if your broker offers it then it has lower chance to be a dealing desk broker. I prefer floating one because as far as i know that is really make a sense with the market which is dynamic isn't it?, and also our broker wants to make profit each time we trade. -
My brokers accepted more than around 20 pairs but i don't know if this is good enough for you, as for me who prefer major pairs to trade wiht having that much already enough, also in the other hand we can trade popular commodity such as Oil, Gold, or Silver.
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Buying something or other stuff that you really want to buy after you got your own money. Aside from that you can choose to invest all of your money back once more, with re-invest you can expand your business more and in the end resulted to bigger profit too.
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Trading blindly when using higher leverage, thinking that i could afford more and trying to scalping with bigger lot size without know when is the right trend. Also lost in a long term trading and gained -100 pips loss which lead to Margin Call.
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Is it possible for me to sell my forex account online
myregister replied to chuna1985's topic in Forex Newbies
That is what i am worried up to now dude, selling account seems easy and with some fake datas you can get an account which is not connected to you, but once again this is too risky way and i think isn't approved by brokers. -
Yes, that is right, i also think the same that we should trade depend on the market condition at that moment or depend on how good we are when it comes to analyze the market trend. It requires more time for us to reach that state, but with more training we will know how much trade we should per day.
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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 don't think it is skill matters at first, but we talk about the way of its approach. As far as i know this is a new approach in this margin trading era. Bonus in the end is just bonus and this is only as promotion only and usually has lots of rules.