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Everything posted by novarisa
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Well, we need to be more patient in order to gather some experiences on forex trading. Evaluate it in the end of trading session so that we can fox our trading skills far better.
- 460 replies
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- Learning forex
- Should i trade in forex
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This thread is all about forex so the right answer is forex . I know this seems like unreasonable but still if you have only $3000 forex is suitable as that is quite big enough and if you want to invest in something like stock you need bigger to earn wisely maybe at around $10000? or a bit more like $20000.
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Can no deposit free money help you achieve success on forex ?
novarisa replied to kaito kid's topic in Forex Newbies
No deposit bonus will help us to understand about forex trading. Some broker also offer it and we can try to maximize it. Understand the rule so bonus will not be canceled -
hone your trading with a demo account and a real account
novarisa replied to rizal83's topic in Forex Newbies
Sure it is good thing, first we can get the real experience and the second one is that we can get the real income from this business. Sure, but how about when you lose? You get experience and you lose for real. See? You don't think about the worst but just think for the good only. In real account you get both in demo account you get just one which is experience -
practice to be consistent on the profit obtained
novarisa replied to rizal83's topic in Forex Newbies
Just make sure you're mastering the basic of forex trading before you're about to trade in real account. And also learn to master money and risk management -
Of course it isn't the broker, because the one who trade is us as retail traders, but actually broker has its own way to reduce the risk with offering the real account which reflected to the real market trend, so we can trade with the real market movement and not broker controlled market
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But before you're investing with that amount, make sure you're really understand about forex trading and it's risks. You might burning your $3000 if couldn't handle it wisely.
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experience and skills are important because by having a lot of experience that will make us able to manage capital well. We can enhance the experience with a demo account or to participate in the contest demo of brokers. we should have a good preparation if you want to make a forex for living
- 305 replies
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- life vs forex
- discuss life vs forex
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many process must be passed by trader. doing many training in demo account and learning how to control your emotion. will makes trader more sharply on skill trading. be patience when doing the process can open a chance to success
- 305 replies
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- life vs forex
- discuss life vs forex
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Putting that signal aside mentoring also will lead pupils to a better state with underline that your mentor is actually a good trader in previous records and it is good if they also still trade
- 361 replies
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- Forexmentor
- forex mentor necessity
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forex risk is very large with a growing risk of forex then we need to be able to have good risk management that will allow us to trade with the maximum. for that we need to always use the SL and TP as to minimize the risk of forex trading well
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Better will mean better result. Everything take process, including make ourskills be better. so, we need to improve and improve to make us be better.
- 305 replies
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- life vs forex
- discuss life vs forex
- (and 1 more)
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We need the guidance of a mentor in trading. But i am not sure about it because there are many success trader who learned and practiced with self taught, they did not have mentor or teacher.
- 361 replies
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- Forexmentor
- forex mentor necessity
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try and ask yourself if the right knowledge to trade and win is there but if not what you get is risk. Because your trade will face some set back which is very risky at the same time.
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That's why we need to keep analyzing the market in every trading day we are about to do. The market movement is very dynamic...
- 460 replies
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- Learning forex
- Should i trade in forex
- (and 4 more)
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trader who dosnt have control over his trading will never make it that easy in the forex market because in as much as I know we trade forex to get success but the real thing is that forex can give us profit when we can control ourself about what will happen here and take precaution
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Can no deposit free money help you achieve success on forex ?
novarisa replied to kaito kid's topic in Forex Newbies
free money is helpful but only if you have such a good skill to manage the money and to make enormous profit -
Getting this amount of money I think that the right place to invest is the forex market but we need to invest with carefullness
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My best take for this one is to reduce not to eliminate because it is actually impossible and if true will make forex less interesting with very small profitabilty
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You get the point here, because i think the control is essential, even not 100% because one or two circumstances, just make sure thatn 80-90% from all over your trading must be under your control
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That is why it is better to think twice when want to join broker like dealing desk broker. The dealing desk broker also offers lower comission thanks to its broker made market they act as market maker create their own market for their own good
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I think someone who obsessively avenge their loss immediately without looking at the current market condition is considered to be addicted, while addicted is not good but i think this is pretty common issue in foreign exchange
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hone your trading with a demo account and a real account
novarisa replied to rizal83's topic in Forex Newbies
but if any trader they always trade based on emotion and high desired to making quick money usually will often fail