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arjumand
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Everything posted by arjumand
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I believe that it is strong because it is owned by many countries and thats might be a valid point for its strength.
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multiple forex broker Trading with multiple forex broker; is it advisable?
arjumand replied to flybiz08's topic in Forex Newbies
I guess it might be hard to trade on multiple broker but as a matter of managing risks and reducing the risk of loosing the entire money if a broker turn scam i think it is a good idea to keep our money with more than one broker.- 106 replies
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- disadvantage of trading
- advantage of trading
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I guess that's the reason scalping is possible only during the high volatile market conditions and these scalpers manages to closes their trades quickly and make more profits than the fees incurred or choose those accounts which have the lowest spreads/charges.
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Want to know how brokers make profit from your loss ?
arjumand replied to abdulla1's topic in Forex Newbies
In my opinion no broker wants to loose any trader who is helping them earning money in terms of spreads or commissions. The dealing desk brokers eventually exposed with the passage of time however it might be good if we check traders review about the broker before finalizing any broker. -
ROBOTs can be a good option for those who wishes to go fully automated however these can require monitoring during unpredictable market conditions because all of them are meant to follow technical analysis.
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You are right i think experience comes from experiencing bad so better to stick with forex trading. Better if we should take some time reviewing our mistakes and learning from them in order to get on the top.
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Scalping is no doubt very profitable yet it is quite riskier for the new traders so they better choose trading on longer time frames and move to scalping when they get good hands on trading because scalping is only possible during high volatile market and those with low experience can blow up their accounts easily.
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Should I put a lot of indicators on my trading chart?
arjumand replied to flybiz08's topic in Forex Newbies
I think we should only use the most popular indicators to assess the market rather than flooding the screen with too many indicators which will only confuse the new traders. -
practice to be consistent on the profit obtained
arjumand replied to rizal83's topic in Forex Newbies
Learning in forex has no end and each new day has new addition in our experience, the only thing is consistency and patience which leads us to a successful trader. -
Bonuses can be helpful however they should be availed after knowing the terms because they have certain terms and conditions which needed to be met in order to make withdrawals so don't just go for the free money better read the terms and then make proper use of these bonuses.
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Long term trading for newbie will be more profitable
arjumand replied to euro's topic in Forex Newbies
Without targets we can not achieve any success. -
Can no deposit free money help you achieve success on forex ?
arjumand replied to kaito kid's topic in Forex Newbies
I think we need to learn forex by doing demo rather than claiming no deposit because even then we need to deposit with the broker before withdrawing the profits on no deposit bonus. I still have my demo account active beside my live trading account at hotforex and the demo can be downloaded from the hotforex site without depositing any money with them. -
Regulation, Do this really important for broker?
arjumand replied to myregister's topic in Forex Newbies
Absolutely agree that there is no guarantee when even a good paying reputable broker turned into scam and stop paying its clients. We already have a lot many examples in the past so better to diversify funds and withdrawing profits regularly to be on the safe side in the event of broker default. -
Introducing the world’s first trading and gaming partnership!
arjumand replied to standart's topic in Advertisement
Bitcoin is now becoming a future's commodity and i had noticed that its current price against USD was around 3500 usd per bitcoin, i guess much lucrative pair to trade. -
Yes indeed. They also changes the terms of services and now they take one business day to wire the funds to my bank account.
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Did this broker allowing trading binary options with an underlying asset: bitcoin or altcoins?
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It is better to have a trade management plan and we should stick to it. Day traders usually trade on daily basis and a few swing traders trades are opened for days till they reaches their desired take profit.
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Both stock and forex trading is good but i think we should go with the one which suits us the best.
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Agreed and i also noticed that these brokers also have a good repute in market.
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I had tried testing on mobile platform but honestly trading on a computer through MT4 is more convenient as compared to a mobile device.
- 372 replies
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- Mobile forex trading
- how to trade forex via mobile
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We also don't know when a good broker become the worst and stop paying so i think we should not thoroughly rely on such brokers and keep withdrawing our profits.
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I might say earning 1000s of bucks daily are possible but they might depend on how much you are risking and how you trade. This amount may seems too high for newbie but experience traders might be making many of these 1000s in their every day trades. However i recommend new traders to make some realistic goals depending upon their investments and stick to their plan in order to make good returns on their investments.
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Long term trading for newbie will be more profitable
arjumand replied to euro's topic in Forex Newbies
New traders should trade on higher time frames and they should try trading on 4H charts because it will help them analyse the market and they will be able to make good trading conclusions. -
We can only minimize our risks by defining a proper risk management and trade management plan. We can use stop losses as well just to ensure we should earn more while lose less otherwise it happens to those whose profitable trades sometime turned bad and they losses a lot of money.