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Everything posted by Sininfinity
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Why you should not trade unpopular pairs
Sininfinity replied to euro's topic in Forex General Discussion
Currency pairs other than the majors are less popular. But I don't see a good idea to discourage anyone from trading those pairs. I myself don't trade exotics but there are people who can see opportunity in them and can get a decent amount of pips from them. If they can then why not. -
"Make money from Internet" and do Forex Trading
Sininfinity replied to VishalM's topic in Forex General Discussion
The good thing about forex trading is that one can start with a small amount of money and then if the trade can make consistent profit then the small amount of money can turn in to a large amount. -
Well the people who are constantly losing, are in denial that it could be because of them that they are losing. They should check their method of trading and should not put the blame on someone else because they lose all the time.
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You don't have to be on the right!
Sininfinity replied to pipdmt's topic in Forex General Discussion
Forex signal misuse is not something new which has been seen recently. It has been like this for a long time. This is one of the reason I don't recommend any 3rd party's suggestion when it comes to trading. -
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Well if you want to be a trend trader then you should look what is out there in trend trading. Start with trend within a trend. And see how you can find anything regarding trading with an ongoing trend.
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At beginning it is wise to assume people will lose in their trading. It happens to most of us. We will make mistakes. And go through emotional disturbances and many more. Lots of problems will present themselves. We have to find answers to those and move on.
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I guess you have not gone through a forex school. My suggestion is go through this https://www.babypips.com/learn/forex/what-is-a-trading-plan If that looks like too much then try to read this https://www.babypips.com/learn/forex/summary-developing-a-trading-plan
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Well I have warned people many times that never to aim for 100% winning. There is no such thing exist. And focus on staying profitable instead of trying to win all the time. One can not be right all the time.
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It's a good thing you are being able to stay profitable. While you are at it, it is a good idea to increase your capital and not stay satisfied with what you are earning. Time will fly by if you don't think ahead.
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Bluepips – The proven and verified way of Forex trading!
Sininfinity replied to Alick Bannerman's topic in Forex Newbies
The method is not proven and running less than one month. It is not enough to prove that it will work in for a long time. But would be nice to see how it works out over next few months. -
Trading plan is a necessity if a trader is aiming to trade for long term. Without it a trade may not succeed in the long run. So it may take a while to come up with a decent trading plan. But work towards it. It will be beneficial in the long run.
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Different traders use different amount of risk in each trade. No matter what happens you should not take more than 5% risk in one trade.
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What should a newbie do for earning from Forex Trading?
Sininfinity replied to unikings34's topic in Forex General Discussion
Risk will always be there and there will be losses. Newbie traders should accept the fact and improve themselves accordingly. They should try to bring more positive pips consistently. -
Whatever people have learned, they should utilize those to make something which will bring them positive pips and after that continue improve themselves. Should not look for what they want rather should look for what market offer.
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Do you see trading as fun and games?
Sininfinity replied to analyst75's topic in Forex General Discussion
Different people view forex in different ways. For some it is a job and for some it is a business. Funny thing is some people see it as a gambling lol. The thing that matters is that we are all in this business for profit and if we are able to achieve it consistently then we are doing it right. No matter we take it as a job or business. -
Well I always determine a stop loss before entering a trade. It is a rule of mine and if I don't find a suitable place for stop loss then I don't enter a trade. As you said the market can make a strange move and that can bring losses more than I am willing to accept. So stop loss is a must.
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I think forex trading is to risky like the stock market.
Sininfinity replied to carebears's topic in Forex General Discussion
I would not say most risky business. There are other businesses which posses more risk. But if you say whether if it involves high risk or not. Then I would say yes.