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Everything posted by novarisa
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I'm not recommending too much on 'gut' trading, if it was profit, it was your luck, But lucks never come in a row. It's better to move back to demo account and start learning on how to do forex trading really well.
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That's better because you can manage the risks really well with lower leverage that will prevent you to using a higher lot volume and facing less risks. We need to consider the risks when it comes to choosing leverage.
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- leverage in forex trading
- Is lower leverage good
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We need to immediately consider these risks before going to trade in forex market. Most of us were usually ignoring there risks and trading without any proper preparation.
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We can see the similarity from their MM and RM on both forex and gambling. But one thing that you should consider about forex from gambling is the ability to analize the condition of the market itself so you can see a chance to put a right order for your forex trading.
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It depends on someone's skill when analyzing the market. Even some of them are doing trading with their gambling style which is using their own guts.
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well, if you can analyze the market everyday and get your own trading decision at that day, you can do trading to earn your profit.
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Importance of Demo Account/virtual account in Forex
novarisa replied to abdulla1's topic in Forex Newbies
It's a simulation account where we can practice so many trading strategies that can developing our trading skills so we can be ready for the real account- 751 replies
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- forex virtual account
- forex demo account
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Be careful with dealing desk broker who are profiting themselves from their clients' losses. We actually can indicate this but it's not an easy job.
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Why do you think people are scared of investing in forex?
novarisa replied to Levie's topic in Forex Newbies
We can say it's risky because it's a business. It's a high risk and high gain business that requires us to consider the risks and manage it well. -
It's better to make it balanced with our capital in our trading account so we can manage the risks really well and have a good free margin that will hold a temporarily loss.
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that are good tools to manage the risks of your trading position since they're likely to stop the order when the price is moving to the certain level.
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As we all know that most of forex robots are able to do trading in a static price movement which is impossible to keep it stay online for 24 hours to do it's job since the market price movements are dynamic.
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But we need to consider the risks of forex trading itself, that why we should be able to manage the risks so we can stay longer in forex market.
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How to Start Profitable Forex Trading
novarisa replied to ellliottt's topic in Forex General Discussion
It's better to prepare ourselves in demo account first which is good for us to gain some knowledge on how to do forex trading really well so we can implement it on real account. -
Because it will be our experiences that we can evaluate it later for our better forex trading. We should consider this as part of our trading journey.
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So that's why it's better for us as traders to anticipate the risks on every trade we're placing. Using the advantages of MM and RM on each order position.
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hone your trading with a demo account and a real account
novarisa replied to rizal83's topic in Forex Newbies
Don't skip this account if you still have no idea on how to make a good and profitable trading. Better to take your time on this account to make sure you find a good trading strategies that you can use on real account. -
Why do you think people are scared of investing in forex?
novarisa replied to Levie's topic in Forex Newbies
Gotta agree with this, gain more experiences to gain more lessons that will benefit for you on doing forex trading. Take your time in demo account and explore yourself. -
It's a training ground that you should use it very well, train yourself from how to make trading orders to how to manage your funds properly that you will end up being ready for real account. Yes, it may takes more than 6 months to be able to trade well in forex market.
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True, it's a reference for traders to do their own evaluation which is really good to fix their own mistakes so in the future, they won't repeat the same mistakes they've done.
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Why do you think people are scared of investing in forex?
novarisa replied to Levie's topic in Forex Newbies
Because we're not just investing our own money, but we're also doing trading for our own outcome. You may depend on trading signals, but it's not a guarantee that you will get a good profit -
It's a good tool to prevent any big loss that would be happen to your trading position. Use your analysis so you can put your stop loss order properly.
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Is a good tool to train you trading skills and strategies. Keep practicing to make you profitable in real account. It's a simulation that you can test your trading system before you put it on the go on real account.
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Pretty much agree with this, most of traders who are addicted to this business might treating this business as gambling, doing trades with their gut feelings, not with proper analysis.