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Everything posted by Sininfinity
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FXOptimax's mission & vision We always share the believe that an excellent trading condition will boost trading profitability, paving the way for our clients to achieve their success in forex market. In return of providing such services, we always want to be the top choice by each trader, which is also giving us benefits. The mutual cooperation between FXOptimax and its clients becomes the main trigger for us to keep innovating. Visit www.fxoptimax.com
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FXOptimax Premium Trading Environment Trades on 46 popular forex pairs (including exotics), gold and silver Best execution, real fast order processing time Full STP execution, NO requotes USD 10 minimum deposit Up to 1:1000 leverage Ultra-tight spreads, starting from 0 pips! Multiple account choices to meet your trading needs Micro lot trading support (1000 of base currency) MetaTrader 4 trading platform, provides clear price charting and unlimited indicators Mobile platforms for iOS and Android based gadgets/smartphones Expert Advisor is supported Scalping is allowed Hedging is allowed Massive deposit bonus and other promotions Various deposit/withdrawal options, instant deposits for E-Currencies 24 Hours multilingual Live Chat supports Easy 5-minutes account opening For more information, please visit www.fxoptimax.com
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A good money managment system can give you success
Sininfinity replied to Levie's topic in Forex Newbies
Agree with you. There are many great minds who work on the forex market. And it is not a place for casual activities. If someone is not serious with his money then most probably he will end up loosing. So better be safe than sorry. -
Trying to harm the market would classify as rage in my opinion. Yeah, there are moments when people think the market is their enemy. It usually happens after a trader suffers consecutive losses and he or she has not planned for this. As you said they are not good for a trader.
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Well in my place there are many people who does not even earn $100 a month and they have to live their life with difficulty. The thing about forex is that one can start small and then he or she can build capital. The owner of KFC started very small and was old and now see how successful he became.
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Agree that everyone has equal chance but one person is not equal to another. Some people can grasp things better than others and those people sure get advantage over others. All of us want to make profit but not all of us can make it. It requires certain kinds of plan.
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Everything has it's own rule. We can not say we are bound to it. As you said we have the freedom to choose the way we want to trade. There are certain boundaries but mostly in case of forex boundaries are very less compared to other investment criterias.
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In past there were several of my trades were hold overnight and market opened with a positive gap. The profit was surely satisfying because it was more than what I have expected. And I am not sure if there is a analytical mechanism to predict gap. Do you know of any sources?
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Do not ever take a big risk if we are not able to do so
Sininfinity replied to rizal83's topic in Forex Newbies
Stocks does not use leverage as high as forex. If I am not wrong then mostly it is twice the capital. So from that perspective account should not get wiped out. But I can't say for sure. But yeah in forex the account can get wiped in seconds. And that is why people must use stop loss to avoid those kinds of situations from which they may not recover. -
money management and stoploos.
Sininfinity replied to ermaniso2011's topic in Forex General Discussion
No matter how it is being said. The thing is it is said over and over again. And so many people say it so people should realize that it holds certain kind of importance and that is why so many people say it. If it was not important then people would not have said it again and again. -
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Deposit withdrawal with FXoptimax FXOptimax provides a wide range of deposit & withdrawal options.
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FXOptimax Account Types FXOptimax offers 3 account types to let clients choose the most suitable account to use, based on clients’ trading strategies and styles. These accounts are divided into 2 major group, FXOptimax 5 Digits pricing and 4 Digits pricing. All groups have the same main advantages, very fast execution, no requote and high leverage level. For details about differet types of accounts, please click here
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FXOptimax Execution Model FXOptimax is a NDD-STP broker. We do not run any dealing desk. All of the trades by our clients are sent to our liquidity providers, consist of prime brokers and banks. Our bridge system is working exceptionally quick, just in a few miliseconds, but in some cases while the market moves extremely fast (several new price quotes in subsecond), the price that you see on your PC/mobile MT4 may already be different to the price we get from our liquidity providers. We completely believe it is a fair and competitive trading environment and it has been our goal to create such excellent environment to maximize the profit potential you can achieve on your trade with us. For details about our execution model please click here
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I also believe that everyone can not make profit. There are some people for whom certain types of business are not made for. So that stands true for some forex traders as well.
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I don't let any emotion hinder my trading. Also try not to get emotional during trading. I plan possible scenarios before entering a trade and if my trade is not successful then there is always a stop loss to prevent it.
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5 Ways To Make Money From The Markets Without Capital
Sininfinity replied to analyst75's topic in Forex Newbies
That is one of the purpose of demo account. So traders can test their skills without losing any money and apply them on real account. But some people forget about that or don't want to accept that thing. -
In my view $3,000 is a decent amount to invest in forex and since forex is a worldwide business then it can be a decent amount for many traders around different parts of the world. Not everyone has higher living costs.
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Right. The whole process takes time to master. This is not something one can learn from someone else. The trader has to find a process for himself and that may require via trial and error.
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Do not ever take a big risk if we are not able to do so
Sininfinity replied to rizal83's topic in Forex Newbies
There is a saying saying that you should invest what you can afford to lose and there is a reason behind it. There is no guarantee that your investment will give you profit. So be prepared for everything and don't let nothing damage you in anything. -
Why absurd? There are muslim traders as well. And their beliefs does not let them paying or receiving overnight fees. So they can trade swap free. But it is a limited function.
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money management and stoploos.
Sininfinity replied to ermaniso2011's topic in Forex General Discussion
Actually the importance of stop loss is being told in many ways but we are not able to realize them. It is part of a trading strategy to use a stop loss. Some put importance on take profit as well but I don't put that much importance on that but my priority is stop loss first. -
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Leverage at FXOptimax Over-the-weekend leverage To prevent negative equity on high risk accounts due to the potential gap at the market opening after weekend and holidays, the maximum leverage may be temporarily reduced to 1:100 on Friday or the last day before holiday, 5 hours before the market closure. Leverage will be reverted back to your leverage choice automatically 2 hours after the market reopens. Prior notification will be emailed before we reduce the leverage. For more information please click here.