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Everything posted by Sininfinity
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FXOptimax has it’s own knowledge base. Lots of helpful articles can be found for your convenience. To check on FXOptimax knowledge base, please click here.
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don't mix between emotions and forex trading
Sininfinity replied to rockstar's topic in Forex General Discussion
Well the thing is, they all come to one slowly. Whatever we do on a pen and paper may seem easy but when trading in real life things get different from what we thought it would be. -
Using a contest account to learn trading, it is really not a good idea in my opinion. Lots of distractions are there on a contest account. And a trader needs to stay focused in his or her trading specially when learning.
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Is it easy to earn money in forex?
Sininfinity replied to lollabun's topic in Forex General Discussion
Wise words. Some traders take things too lightly and becomes careless in their trading. It should not be the matter. After certain time trading may seem easy but one must never forget it is an unpredictable market. -
Can you really trade without emotions..?.YES
Sininfinity replied to showrov1993's topic in Forex General Discussion
Well I do agree that in the long run if emotions are not controlled then it will be a problem for the trader. And emotions will eventually be under a trader's control most of the time if a trader is serious about trading. -
When Did you start your First Trade?
Sininfinity replied to kiranchandra's topic in Forex General Discussion
Well as I said earlier, it is not just a tool for newbie learning. But also very useful for experienced traders. It helps traders in many ways. They just have to see that. -
money management and stoploos.
Sininfinity replied to ermaniso2011's topic in Forex General Discussion
Those who trade without stop loss, I believe those traders sooner or later find out they should not have done that. It is always a good idea to use stop loss to limit the amount of losses. -
Everyone wants freedom from their cage. But the cost of freedom is not easy. If one wants freedom then they must work hard towards it.
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About FXOptimax Feeling Safe Leads to Comfortable Trade We always prioritize the safety of your forex investments. For this reason, FXOptimax has taken some measurements to ensure a high level protection. 1. STP Business Model In STP model, we are not trading against our customers and we certainly do not have conflict of interest at all. We do not limit any profit nor trading style, so there is no “losing risk” for us; and this kind environment leads you towards a true forex trading experience. 2. Segregation Your fund are fully segregated into a special bank account, separated from the company operational fund. We have deals with leading banks in GCC and Africa. 3. Regulated Liquidity Provider FXOptimax deals with FSA-regulated financial institutions to execute all trades. As of the counter-parties, FXOptimax cooperates with world renowned major FX banks such as DB, Citi, Nomura, and some others. 4. License FXOptimax is a Saint Vincent and the Grenadines company with license number 21417 IBC 2013. Any activity by FXOptimax Ltd is supervised and regulated by the authorities of Saint Vincent and the Grenadines under the International Business Companies (Amendment and Consolidation) Act, chapter 149 of the revised laws of Saint Vincent and the Grenadines, 2009, section 5(1) Visit www.fxoptimax.com
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Choosing The Right Broker to Start Choosing a broker is considered an important step in achieving your trading goals. Deciding which broker you can trust is not an easy task. FXOptimax offers all you need, everything to support your trades. - 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 - And much more! Visit www.fxoptimax.com
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Can you really trade without emotions..?.YES
Sininfinity replied to showrov1993's topic in Forex General Discussion
One does not need to trade without emotions. One just needs to learn so they won't interfere during trading. Many say to trade without emotion but we are human beings and can't be free from it. So there are ways we can learn so they won't be interfering in our trading. -
When Did you start your First Trade?
Sininfinity replied to kiranchandra's topic in Forex General Discussion
Well demo account proves to be useful not only to newbie traders but also to experienced traders. There are many things traders test on a demo account. And if they had to do them on real account then the cost may have been much higher for them. With demo account they can do such things for free. -
money management and stoploos.
Sininfinity replied to ermaniso2011's topic in Forex General Discussion
Can't disagree. A stop loss is a must and must be included in every trade. A well planned trade is way much better than a profitable non planned trade. Because it may be luck that trade is in profit, and it could also be in loss and that can also look ugly. -
Is it easy to do scalping during night?
Sininfinity replied to Anne Morris's topic in Forex General Discussion
Easy or not, I don't know. But there are many types of scalping strategies and they can be used at various times. Also day or night depends on geographical location. And there are many strategies for certain trading sessions. -
Loss is part of the trading process. If one enters in the market in hopes for profit then there will be something opposite. One can not profit all the time and eventually will suffer loss. So better to make peace with it than trying to avoid it.
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Is discipline the most important thing?
Sininfinity replied to Anne Morris's topic in Forex General Discussion
You are right. Well I would not say that all newbie traders don't have discipline. Some are working on it. And there are some who does not learn from their mistakes and keeps doing it, hence, does not discipline themselves. -
don't mix between emotions and forex trading
Sininfinity replied to rockstar's topic in Forex General Discussion
Well emotions are not something one can learn from some place or in a short time. Emotions are something which a trader must experience himself and learn to control it. This won't happen in one day but slowly one will learn to overcome emotions if he is serious about profiting in the long run. -
When a trader is in leaning phase, his mindset should not be on free money. This is a big drawback for new traders and hinders in their learning as their focus shifts on getting free money rather than how to make positive pips from the market.
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For your convenience, FXOptimax has developed margin calculator. So you can easily see how much margin is required for each currency pair. Below is an example of EUR/USD margin requirement: Here you can find the margin calculator.
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The MetaTrader 4 terminal is a perfectly equipped traders workplace that allows to trade in the financial markets (Forex, CFD and Futures). MT4 for Windows Main Features Advanced price charting for professional traders, fully customizable to your preferences Extremely user friendly interface, easy to use Highly secure platform, all data are 128-bit encrypted for your privacy, including in data exchange between client terminal and trading servers 1 Click Trading feature to help you reacting promptly to market changes Easy order placing, including the use of stop or limit order, take profit and stop loss Handles a lot of orders at the same time A lot of useful built-in indicators, supports custom-made indicators as well Expert Advisor support, you can use Metaquotes Language 4 (MQL4) to create your own automated trading script Multiple timeframes to help you analyzing the price actions, in both short and long terms Alert system to remind you for specific occasion, you do not have to sit in front of your computer all days Complete history reporting to analyze your trades For more information please click here.