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adnan007
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Everything posted by adnan007
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How many lot size that you use in trading?
adnan007 replied to andry777's topic in Forex General Discussion
I do not have any fix lot sizes to trade as I check out the sentiments and the probability of my position to being a winning one. If I find that my position can have maximum chances of ending up on positive site, I take as much as 10 cents per pip worth positions or usually take a position worth 2-3 cents per pip. It all depends upon the sentiments of the market. -
The Simplest Way to Earn in Forex
adnan007 replied to smithlover84's topic in Forex General Discussion
Well, I think we can earn good amount of consistent profits in Forex daily if we have enough knowledge and skills required by this market. Moreover, Having big amount of initial deposit allows us to trade with higher lots and with big amount of profits. So, I do believe we can get rich from this market having enough knowledge, trading skills and experience. -
biggest deposit you ever make in forex
adnan007 replied to stezz's topic in Forex General Discussion
I remeber once I deposited $200 a years back in Forex. I used to be a newbie trader then and wasn't having enough knowledge and trading skills to gain consistent profits from this market. Unfortunetely, I kept avoiding the Stop Losses and only ended up making my account go broke in the end. Overall, several new lessons learned from this experience. -
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You question is difficult to answer is correct figures. Your first questions requires you to tell the lot you will be trading your 3000 shares on? If you are trading at $1 per share, then your locked amount in bringing 3000 shares would by $3000 but you might have to keep additional funds to cope up with the price movements. Now how much should be in your account? To stay safe, 90% should be available as free margin as per my views. So, I guess you should start off with $30,000 in your account.
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A few pairs move slowly because it is not a major traded currency or would have stuck in a range bound market. For USD/JPY, I would only say that this pair maves slowly because most of the forex brokers have this pair upto 2 decimal points (XX.XX) as compared to EUR/USD or other major currencies with are upto 4 decimal points(X.XXXX).
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Truly speaking I never traded in Demo accounts when I started. Doing this, I did lost huge amount of money in the beginning of my trading career but soon realized my mistakes and started trading through forex. I had a demo trading session of about 6 months hardly and then I was all set to trade with real money again and this time I did succeeded to earn small profits from my trades.
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FOREX stands for Foreign Exchange and it is a huge industry. Forex is related to the trading of one currency for others in pairs. You might have come across situations when you would have opted to exchange your countries currency for other countries. This is done through Forex with the exchanging rates is decided by the market itself.
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- Best Forex Trade Copier
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Are the upload of documents must to claim the free money and withdraw it... I have seen several Forex broking sites in the past which offers free money but all those require us to upload the documents and not only that, there are some additional terms and conditions related to the withdrawal of the bonus money given by them.
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Online Forex Trading: Are You A Lion or a Cub?
adnan007 replied to asiaforexmentor's topic in Forex General Discussion
I do have a few qualities of Forex Lion but I would still say I am a Cub. This is because, forex is an unpredictable market and we never know what is going to happen in the future. Calling myself a professional or a Lion might make me over confident with my trades and that is where I would have the most chances of loosing my trades. -
If surely would be hard to find Forex teachers as if a teacher is well educated in Forex, why won't he trade and live a luxurious life rather then sharing his knowledge with everyone. I think, only when universities offer huge wages to such teachers, they might agree to teach us which would cost us huge fees to learn too...
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The Simplest Way to Earn in Forex
adnan007 replied to smithlover84's topic in Forex General Discussion
According to me, there are no shortcuts to earn in an unpredictable markets such as Forex. As this is the case, the only and the most simplest way is to learn and understand forex as much in-depth as possible. This is the most important and profitable way to earn in this market... -
How many pips is your daily target?
adnan007 replied to andry777's topic in Forex General Discussion
I don't have a fixed target of pips to earn per day but I do have a target of at-least $5.00 in forex per day. I don't trade in fixed lots but as I have a target in mind, it takes a minimum of 100 pips per day for me to reach my target as I normally trade within 3-5 lots per trade. In exceptional cases I do trade higher lots but its very rare from my side. -
Well, I dont know about the others but I myself am scared of trading in shorter time frames and the major reason for this is the fact that, it more riskier to trade in shorter time frames because we never know when would that trend reversal come into play. Shorter time frames does help us to earn small amount of profits but the losses are far more if we come across one such loss.
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Received my payments from DMT 2 days back. Thanks Admins and mods...
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Displayed Username : Adnan Amount To Request (DMT points) : 205.00 Payment option : Liberty Reserve ID: U4401585 Hope to get approved and paid soon, Thank you, admin & Mods too
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I agree with you in this case as being a trader myself I have come across loosing streaks and let me tell you that its very frustration. Our emotions tries to overcome our trading which should not be done or else we can suffer even huge losses. The best way is to stay on the side lines until recovered from the losses we had on our previous trades.
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The main reason as per my views is the fact that scalping allows traders with the facility to earn a few pips by opening huge position, say a trader can also earn $100 per pip by opening a huge position. This might be the reason why many forex broker doesn't allow it. However, there is not always the necessity the trader will end up in profits but in most cases a scalp trader do finish up in profits.
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Want to know how brokers make profit from your loss ?
adnan007 replied to abdulla1's topic in Forex Newbies
Well, the major source from which the forex brokers is the spread as we know and for the other cases you mentioned, it not a necessity a forex broker can earn through it. However, I am wondering if the SWAP fees the forex brokers offers also allows them to earn on each of the positions. What are your views on that? -
Yes you are right that scalping mostly depends on the trading with is based on short terms, mostly 1 minute to 15 minutes in anticipation of a small pips movement to grab the profit. This type of trading is considered profitable but requires great amount of anticipation and consistently watching out the markets when the position is open.
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Yep, there are thousands of sites available online which give trading and has other useful tutorials for the forex newbies to get started in Forex. As we know that forex is an unpredictable market which requires lots of learning and therefore we hould first pay good amount of time in learning and getting used with this market before starting to invest in this market.
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Yes, I do agree with you that many traders use Demo accounts to test their trading systems as testing ti out in a demo account keeps them safe from risking any real money. On the other hand, if they try to risk their real money for testing purposes, it will be a huge risk for such members and would have a greater chances of loosing out on their trades.
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Well, if you have the nitial capital and all the skills required to earn about a 1000 bucks in forex daily. Why don't you try out your luck if forex. However, do remember that when you can earn a huge amount as $1000 in forex, you can at the same time loose a huge amount in your trades too. Therefore, trade safely and possibly with a tight SL.
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There is language bar on the top where you can change the default language to English. I think your default language might have been currently set to Russian. Liqpay is more of a payment processor which helps us to send money to our relatives and friends through either with the help of credits/debt cards or bank account. Its quite different from other payment processors and hence became very famous in short period of time.