Exchange Blog Cryptocurrency Blog
adnan007
-
Posts
830 -
Joined
-
Last visited
Everything posted by adnan007
-
The best strategy is to place a stop loss well below the support level or above the resistance level as forex markets heavily depends on the sentiments of the traders and a decent break of the support or the resistance level can cause your positions to suffer huge losses...
-
Importance of Demo Account/virtual account in Forex
adnan007 replied to abdulla1's topic in Forex Newbies
Trading through a demo account has its own benefits. Having a demo account to trade forex can help a newbie trader to get used to the trading platform as well as the trading environment. Professional traders also use demo account to test their new trading systems as well as indicators as testing them with real account has the greater probability of going in loss. -
Earning consistent profit is not a big deal in Forex but the trader should also prepare for losses in this market. Even the professional traders have bad days in forex where they have to suffer big losses but the good trader is he who forgets the losses and take profits far more then what they have really lost...
-
I do agree with you that forex trading does require mental efforts and if we are not in proper set of mind to take a position in forex, we may take decisions out of anger or frustration which can effect out forex trading badly. So, the best thing is to relax our mind before trading in Forex.
-
My trading career has gone past 3 years and finally I can proudly say that I have gained enough trading knowledge and skills which a forex trader requires to earn consistent profits from this trading market. Forex trading is definitely hard to understand but at the same time hugely profitable if learned properly.
-
Is it possible for me to sell my forex account online
adnan007 replied to chuna1985's topic in Forex Newbies
Well, I dont find any benefits of buying a Forex account. The main reason for this being the fact that we can create our own forex account for free and if the seller is selling it will money in it, why he is doing so when he can himself withdraw those money... -
Well, I an not a big fan of automated trading through robots as it is far more risky than manual trading if done properly. I have been manually trading in Forex for the past 3 years and instead of loosing such huge money in the beginning, I already have gained enough trading skills to earn decent profits through this market.
-
There are several disadvantages as well as benefits of a forex robot. The one which avoids me to use forex brokers is the fact that our account is automatically handled by a robot and forex is an unpredictable market. Therefore, robots can not be always correct and if this is the case, we have a high probability of loosing all of out deposited funds.
-
Well, There are several forex brokers available online to choose from. You can check out thousands of forex sites and read traders reviews regarding any of the forex brokers available online. However, for a newbie it is advisable to choose the forex broker which offers low spreads to its traders.
-
My forex experience when I started trading forex 3 years back was very bad as I lost about $2000 in the start but since then, I have gained enough trading knowledge which helps me earn decent enough profits from my trades thee days....
-
Well, I have been trading in Forex for the past 3 years and till now have gained enough trading skills to trade without the help of any mentor. However, having a mentor does help to those traders who are new or don't have enough trading knowledge to trade in forex.
-
Well there are hundreds of forex brokers to choose from when online. It is advised to have a complete research of the forex broker before joining them. It can be done by visiting several forex forums and reading the other members reviews regarding that forex broker. Watch out for the low spread forex broker as well.
-
I agree with you in this case as I have already heard several new members loosing out on their initial deposit as they deposited very small amounts for trading. Therefore the best thing is to have enough initial deposit which can help us recover any losses if we encounter one.
-
Well I disagree with the fact that there is any difference in trading tool when it comes to real account trading and demo account trading. The difference is only in our mentality. We become over cautious when it comes to real money trading which we are very less cautious when it comes to demo account trading and that is were we miss out on the profits and also suffer huge losses which are almost unrecoverable.
-
Different traders have different views on how much their minimum deposit amount should be in Forex. However, it is avisible by many professional traders to start forex trading with a minimum of $1000 as to earn profits and recover any losses a trader gets....
-
Trading through mobile phones in one of the newly launched technologies but still many mojor forex brokers does not allow it. Such is the case with me. My forex broker does not allow trading through mobile phones which is surely annoying for me as I would have loved to use this service...
-
Forex stands for foreign exchange where a trader can trade two currencies at the same time against each other. For example, you can buy EUR/USD at, say 1.3000 and then sell it for 1.3100 receiving 100 pips benefit in your trade. For a detailed FOREX description visit babypips or such sites which has all the information related to forex for newbies.
-
Doth Demo and Real account has it own advantages when dealing with forex. Demo account helps a trader to learn and get used to the forex interface while real account allows a trader to earn money in Forex which is the main objective on the trader.
-
I recently switched to Instaforex and let me tell you that I am quite impressed with their services so far. My payment request hardly took a few hours to get completed and the pips spread are not too bad either at Instaforex.
-
I don't use Alertpay much but I would like to know an important thing about Alertpay... Does anyone know if they, as like paypal, restrict Indian clients to insert PAN card information and whether the restrictions are the same in Alertpay for Indian clients which Paypal clients have to face after the introduction of SBI guidelines.
-
Finally I was able to remove all of the limitations from my Paypal account after they restricted my Paypal account as per SBI guidelines. All I had to do was to apply for a PAN card and as I was sucessful in receiving it... Everything was done within few hours after requesting them to uplift my Paypal account.
-
libertyreserve-libertyreserve.com
adnan007 replied to a topic in E-Currencies and Payment Processors
I do agree with you in this case as E-gold was the only e-currency which was widely used by all the major sites including gambling industry, sportsbook industry and all others. Liberty Reserve was rarely used that time but only after the collapse of E-Gold, LR started to gain several clients and as we can see now, its has become the lifeblood of most of the online earners... -
Instant cashout test done and working: Date: 10/11/2011 01:18 Batch: 73128932 From Account: U4415005 Amount: $1.00 Memo: cashout for xxxx@gmail.com Thank you. -----------
-
Instant cashout test done and working: Date: 10/08/2011 01:58 Batch: 72864415 From Account: U4415005 Amount: $2.00 Memo: cashout for xxxx@gmail.com Thank you. -----------
-
Finally hyipvesting.com is up and running to it's full abilities. It is very cheap for the admins of HYIP's to list their programs there. Because this is the case, you can find all the hot new HYIP's out there. The rating system on the site is based on users' votes. All votes track users' IP addresses and each vote must be confirmed via email. Hyipvesting.com is very efficient and the site administration spend hours every day to make sure each program is still paying. We feel that hyipvesting.com is already the best monitoring / rating site for finding the best paying programs, but it will continue to grow! If you have any comments or suggestions about the site, please leave them here. We'll love to hear your thoughts. The URL is: http://www.hyipvesting.com