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bigxy
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Everything posted by bigxy
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Broker selection is really becoming harder every day however it is yet possible through doing a little research over net.
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Traders can only earn if they know how to earn, knowing how to earn requires skills which are hard though they could be learned by the time. SOme resources to build up skills are demo account trading, books, webinars, etc.
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Trading plan is important no doubt, the traders should also stick with a trading journal which should be reviewed at the end of day/week to improve mistakes.
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When is the best time for you to trade?
bigxy replied to tprhzm2009's topic in Forex General Discussion
Trading skills take time to build and as the experience comes the traders get more confident about making more money out of the trading, yet it is to be noted to cut off your losses early by using stop losses, because one single trade can blow up the entire account if it went wrong direction. -
Unpopular or exotic pairs are the one which comes up with low liquidity, hence they could be risky and that is why they are not recommended options for new traders.
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Forex is not a broker, actually a broker is the one who provides all the technology like liquidity, leverage, platform etc which is needed to initiate forex trading.
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A better answer to this question is yet very simple, that is; the only risk that we can afford to loose and not more than this sum of money. There are several people who even invest their lifetime savings in this business and unluckily they looses their entire sum. So do not do this and better invest what you can afford to loose.
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Actually this is right, i am also not a fan of these signals because they are always hard nuts to guess. Better doing some own research can be really helpful in making money as well as building confidence in your own self.
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Exactly, better to have a proper trading plan and the trader should review it and make necessary changes which are required in it. Moreover if you are loosing then better stop trading and take some time reviewing your mistakes.
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Why don't you withdraw skrill directly to your bank account or to any mobile account, i guess it is more convenient rather than selling those funds to exchanger.
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Catching the falling knives ..! LOL, this is what many new traders have gone through the 2018 in my opinion.
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That's might be very right however the traders or those who are willing to earn money from forex should know that earning money from forex trading is no easy task. It really requires guts to earn money by trading forex.
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Introducing the world’s first trading and gaming partnership!
bigxy replied to standart's topic in Advertisement
Most traders have millions of funds in their accounts but they never overwhelm, instead you will find them very humble which is the basic reason why they are making much of millions. However we can see the performance of many in PAMM services section where many traders are helping other investors too who have money but they have no trading idea. -
Both are the two sides of one coin, i mean if i am not wrong then this neteller and skrill both owned by one single company..!
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Better if you can open one new thread rather than spamming in everywhere, i bet the mod will soon find the spam cat and eat it..nom nom
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Demo account in my opinion can be traded for more than six months in order to get good hands on forex trading. In fact anyone who wishes to become successful trader should not ignore the importance of trading demo before doing live trading.
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For this we can also check for those brokers who usually offer rescue bonuses however bonuses can be tricky as well so do avail them after reading their terms properly.
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I guess these days every single individual can speak or write in english if it is very urgent.. otherwise google translator is really useful, trust me!
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Forex was never been a gambling and it will never be under the gambling head because it a very professional business involving risk calculations. Forex market does not spare any mistakes and that's why many of the new traders who looses money in this market compare it with gambling.
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- forex v/s gambling
- forex or gambling
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I noticed that some of the brokers are also offering swap free accounts to their traders as well.
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I guess you all are right and the leverage in forex trading is the most powerful thing in it which helps you earn more money however new traders being unaware of the market conditions should not use high leverage coz higher leverage claims higher damages too.
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Seems like an option trading broker.. ISN'T IT? Haven't heard about this broker before, does they have review page at forex peace army?
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Introducing the world’s first trading and gaming partnership!
bigxy replied to standart's topic in Advertisement
Yeah off course it includes a nice treat for UK is almost dream destination for everyone. -
I started with hotforex micro account and it went well all the way so i also advise new traders to use cent accounts initially and then increase the investments in future.
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Exactly..! Fee aren't any problem for those who make good amount either on long trades as well as short ones.