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Everything posted by Milo Beck
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I Think Forex is Just Gambling , Do you?
Milo Beck replied to kiranchandra's topic in Forex General Discussion
Sometimes, it’s like that we often feel it’s so much like gambling, but in reality, I don’t think we can really connect this to gambling since it’s very different. We just need to have knowledge and experience, it should be enough to bring rewards for us and we won’t feel it like gambling. -
Mostly every pair has it’s own trend and pattern according to which things go, so some pairs in general are slow movers while others are more violate, it’s why we got to be patience yet hungry to spot up any opportunity that comes our way.
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Yes, I think it’s fair to say that TP is indeed worthy and can help us on many notes, but we need to make sure we stick to it; if we are wishful to use TP then we need to make sure we stick with it and don’t try to change it all.
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I think it’s a good idea, but obviously you got to keep this as optional because not everyone is interested in business. I will be happier to take it, but that’s because I know the potential of this business, I believe if one can make others understand the potential then I am sure most people will want to be part of this.
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How to become a successful trader as soon as possible?
Milo Beck replied to TekiJIa's topic in Forex General Discussion
We won’t be able to become successful overnight, it’s a process that takes time and we should not think about short cuts with this. I also agree with Godsent2, it’s very important to use demo account as when we practice well, we automatically invite our self to achieve greater heights with ease. -
Do you learn trading by yourself or from a mentor?
Milo Beck replied to Levie's topic in Forex General Discussion
So far, I have learned through my own way and it’s been a really difficult journey for me, but I haven’t given up and today I am able to do fairly well, so we just got to make sure we keep our moral high and don’t worry about too much else, it’s something enough to put us into good shape as far achieving success goes and we won’t even need anyone else for help. -
Why do we prefer the forex for the stock market
Milo Beck replied to rockstar's topic in Forex General Discussion
There are several reasons for this, but biggest reason of them all is the potential, if we talk about Forex trading than there is so big potential to work with wile in Stock Market, we are always feeling restricted over doing things, so that’s why I prefer Forex any day of the week. -
If you call for business then you do invite risk automatically, so we will be imagining things if we believe business can be risk free. There is always risk in every business, but if we have ability then we can easily work it out and gain plenty of profits through it.
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The Main reason Why Forex Fraders Fails.
Milo Beck replied to asiaforexmentor's topic in Forex General Discussion
There are certain reasons like lack of knowledge, experience and that, but it’s also to do with the mindset, it’s so often that we have wrong mindset and that’s what creates issues, I believe if we have right mindset then we will not have too much trouble over losses and will be able to regain easily. -
Forex is hard work, but we can get close to success only through hard work, it’s only hard work and difficulties that make up for great journey, if we run away from difficulties then we will not reach far. I always enjoy facing difficulties and with positive mind, we can do the work well.
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You are absolutely spot on Greatnews, we need to know risk is there with every work, so I think we should compare it to potential and that’s where Forex wins hands down and that’s why I also like been part of Forex trading where I can gain good profits without too much effort put in.
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That’s true Myregister, we need to give these things some time and only then we can think about taking it far, we shouldn’t take any decision in hurry instead we should sit down and think about it, but even then we should make sure our results match with the decision.
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Can you really trade without emotions..?.YES
Milo Beck replied to showrov1993's topic in Forex General Discussion
I think we can’t remove emotions completely, but once we get enough knowledge or experience then we can definitely limit our emotions, but we got to give these things time and don’t try to hurry up anything, I am sure that will make everything work well. -
How to become a successful trader as soon as possible?
Milo Beck replied to TekiJIa's topic in Forex General Discussion
We got to give these things time and let things work out instead of trying to rush anything which only create trouble and put us into unnecessary situation. I never rush anything instead I just go with the flow and do the hard work; it’s enough to bring profits for me consistently. -
Everything is possible, we just got to believe in our self and always be confident that we have the ability to pull anything, if we do that correctly then we will be able to make daily profits with ease, but if we doubt our ability then we will have issues, but we need to think positively.
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don't mix between emotions and forex trading
Milo Beck replied to rockstar's topic in Forex General Discussion
The most successful person is who can separate his personal life and his work life, if we are able to do that then we will excel in both fields, but if we are unable to do that then we will obviously find things hard to manage. I believe we just need to be positive and don’t let emotions over take us. -
What the type of Deposit / Withdrawal that you like?
Milo Beck replied to uncle gober's topic in Forex General Discussion
I am very much okay with any system of deposit/withdrawal as long as it’s done. I believe deposit is something that should be instant because often we lose money and we still feel we can pull it off, so it helps if the deposit is done instantly while for withdrawal, if I trust the broker then I am okay to wait 24/48 hours, but at present I get it instantly. -
Yes, I do believe that Forex can be our primary work, but we just need to make sure we understand that there can be some difficulties in early phase of our career, if we overcome that then we will be able to make regular income without much trouble and have financial freedom.
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That’s right attitude dear, we need to give demo account the importance it deserves, and we can work so well through demo account if we trade wisely, but we will struggle badly if we ignore the importance of demo and real account is obviously important for everyone for obvious reasons.
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Forex is indeed risky dear, but we need to be positive and understand that the potential is so big that some risk is obvious, if we are able to control or manage that well then we could win massively, so our main aim should be to focus on trading and that will put us in right zone.
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I think many reasons are there which plays part as far loses are concern, but most obvious is person lacking in knowledge and experience, if we have that then we will avoid a lot of ways that could make us lose, so that’s why we just need to make sure we don’t drop our heads with few losses instead we should cheer up and move for better chance.
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why many people see forex trade as gambling?
Milo Beck replied to rockstar's topic in Forex General Discussion
I think it’s mainly to do with having lack of knowledge or experience, so that makes us believe that Forex isn’t business, so that’s why gaining education is the shortest way to understand that this is a business instead of comparing it to gambling or that type.