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Everything posted by Milo Beck
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don't mix between emotions and forex trading
Milo Beck replied to rockstar's topic in Forex General Discussion
It’s definitely hard dear, but remembers if we overcome this tough phase then we will find everything getting easy, so we should not give up or feel tension, we should be calm and relaxed which should be enough to help us with controlling emotions. -
That’s good thing to do mate, we should never worry about losses, it’s something that can happen with everyone, so we can easily recover the lost potion, it’s all about us been positive and things will work out nicely without much trouble.
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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
That’s true dear, we should be patient instead of try to throw everything away straight away, we should learn to be patient and make sure we learn to time our trades when there is good opportunity on display, I am doing just that and it has won me great profits so far in my career. -
whether you like positive or negative slippage?
Milo Beck replied to uncle gober's topic in Forex General Discussion
I am sorry to hear that, I hope you’re not comfortable. We all hate losing like that, but I guess past can’t be brought back, so that’s why we should simply learn from it and in future go with brokers that’s regulated properly which will automatically reduce issues like slippage. -
How to become a successful trader as soon as possible?
Milo Beck replied to TekiJIa's topic in Forex General Discussion
That’s correct dear, we need to give time to these things, I believe if we really wish to succeed in real way then we got to do it through proper way instead of seeking short cuts which temporary works, but ultimately will not get us anywhere. -
Absolutely right mate, we should never think that daily profit is impossible, if we are determined then everything is possible, we just need to make sure we do things step by step and should work it out, but if we get negative then everything will be harder to handle.
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don't mix between emotions and forex trading
Milo Beck replied to rockstar's topic in Forex General Discussion
It’s absolutely true that we shouldn’t be mixing between these things and our primary objective must be to trade without anything in our mind and keep things straight forward, it’s only way we will work things out. I do just that with keeping emotions aside and that’s what has helped me big time. -
What the type of Deposit / Withdrawal that you like?
Milo Beck replied to uncle gober's topic in Forex General Discussion
I like deposit/withdrawal system to be simple and with low charges in terms of fees, I am lucky that at the moment, I am able to get that and it makes me comfortable while also saves a lot of money which often gets lost with paying withdrawal or deposit fees. -
Yeah, that’s absolutely right mate, we should realize that Forex can be our partner for rest of the life, so we should always be ready to give time to learning, it might be boring but at the end it’s all going to be worthy, so we just need to be positive.
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Right, we definitely need to avoid over trading which it part of emotions. I believe solution to all this is knowledge and experience, if we have that then we can easily get towards controlling emotions, but without that we will have obvious struggle.
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Is it easy to earn money in forex?
Milo Beck replied to lollabun's topic in Forex General Discussion
That’s true dear; we should always make sure we’re comfortable with how we work. When we’re comfortable then we can perform at top of our ability and it also gives us extra motivation to work with, so I am entirely satisfied and comfortable. -
Technical or Fundamental that you like more?
Milo Beck replied to andry777's topic in Forex General Discussion
I think it’s about what we can do better, if we’re better at fundamental then that’s more like able, if we’re good in other type then that’s something what we should prefer, it’s absolutely down to what we’re strong at doing and we should focus on that only. I do Technical analysis well while for Fundamental; I just go with my broker’s expert service. -
How to become a successful trader as soon as possible?
Milo Beck replied to TekiJIa's topic in Forex General Discussion
Actually you said it correct in latter stage of your post, we need to have experience to stay successful, but in early stage of life, it’s knowledge that’s crucial and experience too comes then, it’s not possible to gain experience without knowledge, but experience indeed becomes vital once you achieve success, as to keep it that way we need to have experience. -
Yes, we need to hard work and when we do that in any field, we will gain positive results, but when we shy away from hard work then we will reduce our chances to achieve profits. I always enjoy hard work and take it as challenge which helps me stay positive and increase in chance of profits.
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What factor is help to consistent profit in forex?
Milo Beck replied to Upul Tharanga's topic in Forex Newbies
Actually SL can help you gain more consistency especially if you’re trading with trend, so you can basically put SL on places where you expect switch in trend, so that can save you from massive losses and increase chance of making profits. -
I Think Forex is Just Gambling , Do you?
Milo Beck replied to kiranchandra's topic in Forex General Discussion
Yes SkyRock, we should take Forex as serious business and that will help us perform well. I never take Forex like game instead I take it very seriously which has helped me with performance and so far, I have found making profits easy especially with analyzing. -
I think practice should be the first setup on our table for achieving success in this, we need to focus on creating good strategies and then follow it by practicing it on demo, it’s ideal way to do things. I just add touch of motivation which is through using of No deposit bonus, it’s handy because it keeps us motivated.
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That’s right bro, it’s definitely better than any other type and the best thing about ECN broker is that we’re never required to face slippage or manipulation, it’s something very common with Desk dealing brokers or market markers, but luckily I don’t have such issues with my broker.
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That’s correct, we need to be determined and passionate about things and we will find it working better, so making daily profit is absolutely easy if we have positive mindset, but if we go into negative zone then we will find making profits even whole month impossible, so just stay positive and things will work out.
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Importance of Demo Account/virtual account in Forex
Milo Beck replied to abdulla1's topic in Forex Newbies
Exactly, it’s important to understand the value of learning and never stopping it, we often stop learning when we start making profits, but I believe learning is a never stopping process and should continue forever. We can easily avoid risk if we’re well trained and do regular practicing.- 751 replies
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- forex virtual account
- forex demo account
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Definitely true mate, I believe we should simply walk away to better companies and ones who actually cares about us. I don’t find restrictions good since it can stop us from making profits. I like brokers that always give us freedom.
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whether our money safe in a broker?
Milo Beck replied to uncle gober's topic in Forex General Discussion
It’s true that regulation is our best way towards safety, but I do believe that regulation is required to be done by a reputed source (institute), it’s slightly risky when it’s from unknown source. I only trust CySEC organization when it comes to regulation; it’s something I feel completely secured with. -
How Much Time we Spend in the Demo Account.
Milo Beck replied to showrov1993's topic in Forex General Discussion
True mate, we should never put time limit to using of demo account, it can only increase our chances for success and there is no negative side to it. We should continue with demo no matter how successful or great we become, there is always room for learning something new and we should never ignore that. -
Yes, we need to be positive, although I never say things are going to be straight forward, but life is always about challenges and one who is able to hold this will be able find a way through, so always remain positive regardless of the situation.
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We need to be patient with these things. I think we often lose out on patience when it comes to learning and wants to start very quickly, so that’s why we should try to be patient and that will help us learning well and even with analyzing.