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Everything posted by novarisa
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Although it's programed by humans, but forex robot just working the script that given by it's programmer. Means that unless you learn how to code, you can not change the commands of the robot.
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Long term trading for newbie will be more profitable
novarisa replied to euro's topic in Forex Newbies
Some disciplined traders might take their profits on the targeted point which is great. But some traders are following their greed and expecting the price goes more positive which is rarely happen. -
It depends on how you manage the risks when the news takes place. Some people using smaller lot and bigger balance/margin to manage the risk. At first it might be goes to negative, but if the price goes zig and zag, you can expect a bounce and goes positive.
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Lol It's because they have nothing to earn except making fake robots and sell it with their fake results. Same as people who selling their knowledge about forex meanwhile they have no idea how to use the advantages of their knowledge to make profits.
- 65 replies
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- forex misconception
- top forex miconception
- (and 5 more)
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Importance of Demo Account/virtual account in Forex
novarisa replied to abdulla1's topic in Forex Newbies
It's kinda like a simulation for your trading experience, you can use many methods and pick the one that suits to your trading style. It takes time to make you really ready for real trading.- 751 replies
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- forex virtual account
- forex demo account
- (and 7 more)
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Don't trust ads, everyone. If you can make a great robot, it's better to use it by yourself instead of selling it. It's lot more suspicious when someone selling his 'good' robot, it might be a scam.
- 65 replies
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- forex misconception
- top forex miconception
- (and 5 more)
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Just make sure that we can make our funds and the leveraged balanced so we can manage the risks really well. Remember, using high trading volume is very risky and most traders were unable to cope with the risks itself.
- 247 replies
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- leverage in forex trading
- Is lower leverage good
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It need time and dedication to learn more and they will end up earning more. It doesn't mean that you have to follow your greed to learn more, but it's all about your passion.
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Nope, as a retail trader I won't do such a risky thing for my trading account. In fact, we need to manage our own funds on our trading account, and that should be more than enough to prevent huge losses.
- 247 replies
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- leverage in forex trading
- Is lower leverage good
- (and 3 more)
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There are things that make forex and gambling same. We can see some risks management and money management on both. This is based on my perspective.
- 76 replies
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- forex v/s gambling
- forex or gambling
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Why we have to be well-knowledge in order to use forex robots? Because we have to consider some trends that is suitable for our trading robots. Not every trend is good to robot and if you force to use your robot, you might get huge losses.
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Just let it be your part of trading career and try to evaluate it so you can learn something new from your mistakes.
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We can try their trading terms by trying their demo account first. You can try several trading strategies and see if they're allow it or not.
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Do not ever take a big risk if we are not able to do so
novarisa replied to rizal83's topic in Forex Newbies
If you're not ready to take a huge loss, don't force yourself to take a big risk. In fact, a good trader comes from small risks that they could handle. -
Every trading system has their own pros and cons, it's better for us to have a proper risk management that will prevent us from losing huge amount of funds from our trading account.
- 65 replies
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- forex misconception
- top forex miconception
- (and 5 more)
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First thing you need to learn to be a good scalper is focus. Scalpers are meant to be gathering 5-10 pips many times as possible that requires us to be able to focus on the price chart when making an order and closing it.
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Because we humans are capable to learn many things, including many trading strategies that will help us gather many profits as much as possible.
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We can say some things in gambling are similar to forex trading itself. like money and risk management (because they're commonly used in any kind of businesses)
- 76 replies
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- forex v/s gambling
- forex or gambling
- (and 2 more)
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But in pc, you can almost analyze everything, using many kinds of method of analysis that will support your decision when it comes to put an order for trading. It very recommended to use mobile trading just to watch and close orders.
- 372 replies
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- Mobile forex trading
- how to trade forex via mobile
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If you can make your own robot, it's better. Combine it with your own analysis so you can automatically make an order based on your analysis without having yourself to execute it.
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But it's much better if you just use mobile trading only for watching your orders and close it. It's not really recommended to analyze and make an order in it.
- 372 replies
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- Mobile forex trading
- how to trade forex via mobile
- (and 4 more)
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We should train our trading skills for months in order to get ourselves a proper trading strategy that we will use in real account to gather some profits with real money.
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And it's better to evaluate our trading result not just only once. Weekly or monthly evaluation will always fixing our trading skills so we will get ourselves better.
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Importance of Demo Account/virtual account in Forex
novarisa replied to abdulla1's topic in Forex Newbies
Agree with this. In fact, make it more serious with only insert the same amount of deposit in demo account with the actual money you got to use in your real account.- 751 replies
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- forex virtual account
- forex demo account
- (and 7 more)
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It's better to consider our mistakes as part of our trading career. Evaluate it well and we will always fixing ourselves to be a better forex trader and gather much more profits in the future trades.