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Everything posted by novarisa
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Agree. That's the part of Risk Management and it's important to considering this with your capital which will be deposited to your trading account because every leverage options has their advantages and risks.
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gotta note that demo account is a perfect place for us to train our trading skills without any risk involved. You can try several trading strategies in demo account before you implement it on your live account.
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Kinda agree with the title of this thread Some traders may not considering their loss as a part of their efforts because they never evaluate themselves or even making their own trading journal.
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I can say that every trader has their own dark experience when they're struggling around in forex trading business. But only few of them who can survive that situation and be a pro till this time
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I kinda agree with this, so that's why some brokers are offering large leverage and we can use it if we just have small amount of capital (a spare from your 9-5 job's salary)
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I can say that I'm agree with this. Especially when a trader doesn't have any other job than trading in forex. A real hardwork is a must if you want to survive...
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- life vs forex
- discuss life vs forex
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Keep ourselves up to date to the market trend and make sure that we're having a good trading plans and strategies so we can keeping us up with the market and generate decent incomes...
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And also we can use the advantages of forex articles in many places beyond the internet. Use it to improve our knowledge in forex trading and we can trade well in the next trade.
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Agree. We can train our trading psychology and our own mental by trading in live account with small capital. Try to learn from the previous mistakes we have done and we will trade better in the future.
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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. -
Agree. Just make sure you're learning how to trade well in forex on your free time. You can also learn from your mistakes that is should be good for the future trades.
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Useful Tips to Success in Currency Trading
novarisa replied to dhanpreet's topic in Forex General Discussion
Patience is the key of successful trading but less of us are considering about it. We may train our trading skills and improving our trading system. But if we're doing our trades without any patience, it would be useless. -
In the matter of analyzing the market, concentration is necessary in order to make a great prediction and a good decision of opening an order. We should consider it every time we're about to trade.
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SL and TP are kinds of forex discipline that newbies should consider. Unless if they could cut their profit/loss in that time, they need this to prevent any big loss that could be happen.
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One of the most important keys to control our trade activity is discipline. Why? We can consider this as a root of our success in forex trading. Starting by simple things like arranging daily target for our trading activity in a day so we could evade any over-trading.
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It takes more than half of a year to train our trading skills and anything that related to forex trading. But trust me, it will be worth your time in the end.
- 305 replies
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- life vs forex
- discuss life vs forex
- (and 1 more)
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And that is RM (Risk Management) We should train this kind of management, at least we're doing it without risking our own money in demo account (for the sake of training). Or you may want to train it better in real account.