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Everything posted by Sininfinity
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Unrealistic/irrational expectations from traders
Sininfinity replied to analyst75's topic in Forex Newbies
Agree with you but people have those when they see something good is happening to them. Specially when it is related to money. I have had my unrealistic expectations and learned my lesson in a harsh manner. Now I use the motto that "it is not yours until you posses it". No matter how promising things looks to me, I work hard for it but don't get my expectations high. -
A good money managment system can give you success
Sininfinity replied to Levie's topic in Forex Newbies
No one can start as an expert. Those big boys out there also started as newbies at some point. Through learning and applying knowledge they have created something that can bring them profit in the long run. Although they have some advantage over us retail traders, but that is not a big factor in my opinion. We can also make profit without those advantages the thing is we have to have a good trading plan. -
Why do you think people are scared of investing in forex?
Sininfinity replied to Levie's topic in Forex Newbies
Well there are various techniques. But the worst is when trader has made some decent amount of money by trading and then when they withdraw, they don't get paid and faces trouble. This is the worst in my view. -
I had similar thought when I traded demo. I thought the fake money loss is affecting me but it actually was not. When I traded on real account the feeling was different. That is why I suggest what other experienced traders suggest because I have been on that road.
- 460 replies
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- Learning forex
- Should i trade in forex
- (and 4 more)
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It's nice to see you value the small amount you can get instead of getting loss. Well it is not necessary for everyone to use trailing stop. Different traders have different styles. Some prefer not to use trailing stop at all.
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Creator? I have been seeing this around since I don't know when. But would be interested to know someone who is using this method. Anyone maintaining any online record who is using this method? Can you please point me to that direction?
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Can you really trade without emotions..?.YES
Sininfinity replied to showrov1993's topic in Forex General Discussion
Some people say they trade without emotions. They may be telling the truth or may be not. But I don’t deny that I trade with emotions. But I have learned enough so that I don’t let emotions interfere with my trading. -
Well said. If a trader can gerarate profit then it would be much more than the bonus amount. The bonus amount will seem small to them. Also when a trader is profitable in trading then taking bonus will actually be helpful because they can take profit out of that bonus. Otherwise may just lose it with his balance.
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In my opinion using unlimited amount in a demo account is a bad idea. Many traders suggest to use that amount in a demo account which you are intending to use for real account. That will help you to see how you are going to perform in a real account. It does not matter whether you use $100 or $10,000 on demo account. You can see what happens to your capital if you were trading on real account.
- 460 replies
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- Learning forex
- Should i trade in forex
- (and 4 more)
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Unrealistic/irrational expectations from traders
Sininfinity replied to analyst75's topic in Forex Newbies
There are people who think forex is of no good after losing money. I have heard of those kinds of thing before. So they are not new to me. The same goes with stock market but nobody talks about stock market like that. -
Well my method is different from yours I guess. It is not necessary to trail stops. Not all traders do it. Everyone has their own way of trading. For me if I can secure my trade from loss then it is a good trade from me even if I don’t get profit.
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A good money managment system can give you success
Sininfinity replied to Levie's topic in Forex Newbies
You are doing a good thing by asking people to learn first. This is the first thing every person who is interested in forex must do. I also suggest people to learn first before starting. Those who listen is good for them. -
All right. I was talking about carry trading with very small lot size with very large capital. The method of hedging you are talking about is a good way to earn in my opinion but I believe not every broker allows this kind of trading or puts some extra charge if trade is held on negative direction for several days.
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Why do you think people are scared of investing in forex?
Sininfinity replied to Levie's topic in Forex Newbies
Well there will be some fake reviews on every broker. But there are brokers who are totally out there for scamming people. A few days ago on FPA I saw another one where people are not able to withdraw their profits. They suffer problems with verifications, no answer from support etc. -
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I saw there was a radio kind of something long ago. But listening to it did not help me. Also never watch news. Just watch the FF calendar time to time. That's enough for me.
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I do not prefer to rely on bonus. Relying on your own money will let you be more serious and be more strategic towards your goal. When you have created a profitable plan then you can take bonus to get yourself some extra.
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Asking this question will not solve anything. A trader has to try and then find out for himself. Also when trading a trader will face many difficulties and has to face things which will take a toll on him. Trader also need to be patient at those times.
- 460 replies
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- Learning forex
- Should i trade in forex
- (and 4 more)