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bigxy
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You are right, the new traders being unaware of the market conditions should try to trade on longer timeframes instead of entering and exiting trades on lower timeframes.
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When we start earning money from this trading industry. It is the best experience we had and that become our trading inspiration to explore more in this industry.
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Bonuses can only be good for those who know what they are doing in trading otherwise these bonuses, either they are deposit bonus or no deposit, comes up with certain terms and condition which become difficult to reach at the required threshold in order to make a withdrawal.
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We break the rules and over trade or over leverage or either get in to the revenge trading, the market immediately punishes those rule breakers in my opinion.
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That has liquidated a lot many individuals so far, the markets sometimes become very brutal in my opinion.
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Demo accounts can be a good way to learn without risking live funds and even there is no need of depositing any money with the broker in order to start a demo account.
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Yeah seems might be scary however traders take benefits of the markets when there are usually uncertainity and FUD in my opinion.
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Its all about trading preferences, most traders still prefer trading manual however some get their profitable strategies coded in to EA and go automated like high frequency trading algorithms etc.
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Good to hear someone prospers while sticking with the rules or else this market does not spare traders' mistakes.
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I see most of the reputed brokers are offering competitive spreads on their products and since this market is competitive they have to offer something extra in order to retain their existing clients and attracting more.
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LOL, these markets moves too quick similar to lightning bolts and recover too without giving opportunities except when you are wrong in your analysis.
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Factors that are considered while choosing a broker
bigxy replied to Gee Dee's topic in Forex Newbies
I admit regulations should be given top priority and besides all this we also need to cater the reputation of the brokers we chose to go trade with our hard earned money. -
Yeah i agree if we have to take our trading to automation level then we can find a good vps services and moreover many brokers offer free vps services too as you mentioned above.
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There are many risks that plague any forex trader in my opinion are mainly managing all the risks associated with forex trading. Some only take forex as a gambling and wager all their money into it thinking they will get rich by pushing buy or sell buttons simultaneously.
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Invite Success into your Life in a professional way!
bigxy replied to Alice Frampton's topic in Forex Signals
Just make a goal with proper timeline and then stick to it whatever it takes, success does not come right over the night however it does come with focus and discipline.