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Everything posted by novarisa
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Gotta agree with this. As long as you use it very serious, you will get some buck without risking your pocket. Just make sure that you manage it really well.
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- bonus
- free capital
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It will always lock your account. It's pretty good if you use it on high liquidity prices and you put the right position that causes the locking on the better position.
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Most of brokers' demo accounts are free, you just need to register to them and make demo account to train your trading skills. Nowadays, it's a simulation account where you can do trading forex on demo account that based on real quotations.
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Yeah, gotta agree with this. Some brokers manipulated their demo account to pretend that they're suit to most of the trading system of clients using. And also be aware of hidden terms that you might encountered while making a withdrawal.
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Commonly traders are using this kind of strategy when they're placing an order. But some situations may make this strategy not working and may touch your SL. The price on forex market.is really unpredictable
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Mostly, we're considering this business as our part-time job since it's really flexible and pretty much you can doing trade on your smartphone.
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- Forex trading beginner kit
- Forex trading for newbie
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Learn the basics of forex trading through demo account that has no risk at all to your funds and investment. Put yourself in this trading simulation and feel how the market works.
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- forex v/s gambling
- forex or gambling
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It's pretty much better if we set our daily target when planning monthly target. We would never know what risk that we are about to face and you might be lost your patience one day and doing overtrading thing that could destroy your account.
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With utilizing SL and TP properly, you're able to manage the risk so you won't suffer big loss in a single trading. Be sure to use this perks with discipline.
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What factor is help to consistent profit in forex?
novarisa replied to Upul Tharanga's topic in Forex Newbies
They're become always profitable because they know how to manage the risks in forex trading. Just like what you said, they could manage the risks so they are able to win more than their losses. -
People pretty much considering of choosing their forex broker on their helpful client support. But don't forget about the quality of their trading terms too, you should find the one that suits you.
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It's not a good habit and it's pretty much bad for our trading psychology. It's better to calm ourselves down when facing some losses on our trading outcome. Don't puch ourselves too hard to recover the loss we just had
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Why do you think people are scared of investing in forex?
novarisa replied to Levie's topic in Forex Newbies
Some of them might be scared just because they heard some failures from failed traders, and some of them might full of greed when it comes to see the others' trading profits. -
Although it take some months to totally understand the basics of forex trading, but it worth your time learning and mastering it.
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But yeah, since forex trading is for everyone (both pasive and active investors) you may choose which method that you will use to gain profit. You main gain big and risk it big since you're the one who actively controling your funds, doing trading.
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- long term forex trading
- risk in forex investment
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Focus on certain minutes to make a quick decision put and close an order in certain points.
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I use to visit that website to learn and master the basics of forex trading itself. Combine it with training on demo account and you will be really ready to face real trading with real account.
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It would be really useful in case you were facing negative floating in your trading order, you can hold them and hope the price to bounce back.
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You might want to find the one that never forbids any kind of trading strategies that you want to use on your trading activity. And make sure that the broker never hiding any single terms and condisitions
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It may take time more than you thought to learn well on demo account, but your efforts will much really worth it when it comes to real trading because you have mastering almost the basics of trading itself.
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practice to be consistent on the profit obtained
novarisa replied to rizal83's topic in Forex Newbies
Just take your time when you're mastering some basics and indicators to read and analyzing the price movement on the market. -
It's still fine if you're addicted to this business. But make sure that you never considering this business as a gambling that you would place your order without proper analysis...
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The main key for the best trading outcome is patience. You might want to postpone a position because you analized the market and think that there's no opportunity to put an order for that day and holding your emotion to put a reckless position which is only based on gambling.
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why many people see forex trade as gambling?
novarisa replied to rockstar's topic in Forex General Discussion
The traders that really taking this business seriously will never put a position without any proper analysis since they're really risking their investment. As long as they could analyze it first, they will do their best to make a better outcome more than a gambling act itself. -
When Did you start your First Trade?
novarisa replied to kiranchandra's topic in Forex General Discussion
As long as we keep evaluating our trading journal week by week or month by month, we could learn something better for our better trading in the future.