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Homer Raines
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Everything posted by Homer Raines
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Proper money and risk management is essential in forex trading. We all know that forex is a risky market. So, trader should approach the market with proper caution. Otherwise failure is sure to come. I am trading with Forex4you. I always take 2% risk per trade according to my capital. That way I am surviving this since 2017.
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Scalping is a profitable strategy
Homer Raines replied to Myra Wilson's topic in Forex General Discussion
Forex trading can do anyone. It is very easy if you have enough knowledge and a reliable broker. You have to always accept a positive thing for better earning. Strong knowledge, reliable broker, proper guidance are the most important thing for earning money. I trade with Forex4you. They are a very reliable broker. I would easily suggest this broker if anyone looking for a reliable one. They are one of the best brokers I have ever worked -
Start Trading with an Old Forex Broker
Homer Raines replied to justusfreaky's topic in Forex General Discussion
Forex trading is the most famous and profitable business in the world. You have to choose a reliable broker for trading. Choosing a reliable broker is not an easy task though. There are many scam brokers in the forex market. If you trade with a scam broker then you can't earn profits from the forex market. After much research, I found a reliable broker Forex4you. They are very reliable. They never make disappointment to their client. They are one of the best brokers I have ever worked. -
How important are low spreads to you?
Homer Raines replied to Myra Wilson's topic in Forex General Discussion
You should learn forex first. Without learning forex you can't earn profits from the forex market. If you start trading without learning then you can't survive in the forex market. There is no alternative way of learning. I always try to learn something new. My broker Forex4you helps me a lot. They are very helpful. They are one of the best brokers I have ever worked. They never make disappointment to their client. -
Trading requires a lot of knowledge. It is not possible to make a profit without trading knowledge. There must be a loss in trading and we have to learn from this loss. I practiced the demo for 6 months when I joined the trading as a new trader and during this demo practice, I did a lot of research on trading. I used the demo account of Forex4you at first to know the basics, Still, now I am trading under this broker.
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Many trading stratagems: which one to choose?
Homer Raines replied to Gee Dee's topic in Forex General Discussion
There will be losses in trading but if you try to cover this loss immediately then you will never be successful in trading. There will be a loss in trading so you have to try to cover that loss according to the plan. Trading is not possible without patience. When I was a new trader, if a trade stop loss hit, I would start overtrading to cover that loss. By trading like this, I have lost a lot of my investment. I am currently trading with Forex4you. They are very supportive and helpful. -
A knowledgeable trader never trades emotionally. They always trade according to discipline. It is not possible to trade well without a plan in trading. Many traders sit in front of the platform and get busy trading which is never acceptable in trading. There will be a loss in trading so those who will trade by maintaining this loss will be known as knowledgeable traders. And these knowledgeable traders always maintain a positive mindset. I learn many things about trading from my broker Forex4you.
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Risk is a part of Forex trading. It is never possible to be a successful trader without covering the risk. A trader who cannot manage risk never gets a good reward from trading. I use a 1: 2 risk-reward in every trade. And always open trades at 2% risk. To maintain the risk, I enlist the help of Forex4you brokers. The service system of this broker is much better. They help all traders with their services.
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You have to believe in yourself and trade. Most traders start trading without a test of patience. They should trade with patience. Trading in compliance with proper risk and money management. New traders are more likely to lose from Forex. Because their mindset is very low. They want to earn a lot of money in a few days. Most traders lose because of their risk-reward, money management, a trading plan is nothing good. I am a trader of Forex4you. They are very supportive and helpful
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It is not possible to trade without learning. Proper knowledge is required to trade. If you want to learn to trade, you need to take advice from a good expert advisor. Because trading is not an easy task, a lot of analysis is needed here. And many strategies have to be traded together. If you do not know what to do, then how to do it all. Therefore, you have to learn proper trading from a good mentor, and then you have to expect profit.
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A good broker is a broker which constantly guarantees their clients deposit with a broad assortment of trading advancements. Moreover, any kind of good broker does not limit any sorts of trading methodologies with scalping and supporting. They for the most part ensures best trading condition for using any trading frameworks by giving most decreased trading spreads too slightest edge requirements. Luckily I got a good broker. It is Forex4you, a broker with forex. It moreover gives low spreads and the trade execution is instant.
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Every people can do the Forex?
Homer Raines replied to Fedra Bianchi's topic in Forex General Discussion
Forex is a difficult Money making business. You have to acquire specific knowledge and skills. Without skills you will lose money continuously. And for skills you have to spend time. If you think forex is easy, don't come to here. You will lose your hard earned money. If you can give time and efforts to learn, you can give a try. Remember fir trading you need a very good broker. For this I use Forex4you, a fully licensed and regulated broker with customer oriented facilities. -
Being too attached to trading is not advisable!
Homer Raines replied to Fedra Bianchi's topic in Forex General Discussion
Leverage is very important for retail traders. It increases our buying power. We can trade with inconsequential capital with the help of leverage. The lead is whether you take high leverage by then reducing the hazard % proportionately. In any case, I figure trader should focus on quality trading. Also, for that perceiving and contorted is basic. For my trading I utilize Forex4you broker since I like their useful resources like eBook and video instructional activities. I utilize 1:300 leverage in any case they give from 1:1 upto 1:1000 leverage. -
Being too attached to trading is not advisable!
Homer Raines replied to Fedra Bianchi's topic in Forex General Discussion
The biggest mistake that the most of traders do is they trade with huge lots and high risk to profit with no plan or money management so this is the reason of the loss to a large portion of traders. So i think that we need to control on this and dependably maintain a strategic distance from the trade with high risk and with huge parts in light of the fact that the trade with plan is the best thing that dependably lead us to the achievement. At least we should follow 1:1 risk and reward ratio because a survey shows that most traders are right in more than 50% times. I am trading with Forex4you. I have picked up this broker because it is a regulated broker. In the same place I can trade both forex and Futures. -
Every people can do the Forex?
Homer Raines replied to Fedra Bianchi's topic in Forex General Discussion
Demo trading could be very effective when you are new. Demo trading is important if you know how to use it. No matter you are new or old traders. If you are old traders you must know with a single strategy you can not make profit all the time. We need to change according to the market condition. To test your strategy demo account is the best place. You can't lose money by testing on live account. I am trading with Forex4you, a regulated broker. It provides me a wide range of services including low spreads, upto 1:1000 leverage from 1:1 and instant trade execution. -
Leverage effective or risk!
Homer Raines replied to Fedra Bianchi's topic in Forex General Discussion
Live account and demo account both are the same operating system. But in demo account there is no need to invest any capital. This is for learning the forex before investing in the market. On the other hand live account needs investment and it is like a real account where profit and loss are genuine. Demo account is just for the beginner. When a trader become professional he can operate a live account. Demo account is a risk free account. On the other hand live account is full of risk. When I was a newbie I opened a demo account in Forex4you to learn the basics of forex. After getting all the knowledge I moved to their live account. Now with the help of them I make profit consistently. -
Knowledge is the main strength in forex market. There is no use of capital if you don't have any knowledge. A trader need to get all kind of knowledge about forex before entering into the market. So, it is very important to gather knowledge. A demo account can be the best option to get knowledge about forex. I also used a demo account of Forex4you when i started my trading career. That account helped me to get all kind of knowledge about forex and helped me to make what i am today.
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Forex is a sea of money. If you can swim and survive in that sea, you will become rich. To survive and earn money from the forex market you have to be well educated and you have to know all the techniques of forex properly. By taking right decision at right time on right place you can earn a lot money. To earn more money you need to choose a broker which can help you to take right decision and make profit easily. I am currently trading with Forex4you. They always help me to take important decisions and help me to make profit easily.
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This question varies from person to person or trader to trader. Some of the trader think that forex is easy, while some think that it is not so easy. According to me, forex is easy if you have all the knowledge about forex. If you know what should do and what shouldn't than forex is easy for you. Those who have little knowledge about forex can face difficulties when they are going to trade. I am also a trader of Forex4you. They help me to make profit and minimize the loss. With the help of them forex becomes easy for me.
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Forex trading becomes popular
Homer Raines replied to Fedra Bianchi's topic in Forex General Discussion
Education is a must thing for forex trading. A trader should complete his education before starting his trade. Otherwise it can be dangerous. He can loss all his capital because of little knowledge. To complete his education there is only one better way and this is to open a demo account. It will help the trader to know all the important techniques easily. When I was new, I also opened a demo account of Forex4you to take the education of forex. They helped me to understand the forex. For their easy trading policy and easy learning method, I am still trading with them. -
Is Forex trading Good or bad ?
Homer Raines replied to Fedra Bianchi's topic in Forex General Discussion
Forex trading is not a money-making machine. It is possible to make a lot of profit in the forex market by working according to discipline. There is a lot of skill to be developed in trading. If the skill development is not good, then it is not possible to make a profit in trading. You can never learn to trade and it is never possible. I can make money from this market consistently with the help of my broker Forex4you. So you have to focus on learning to trade all the time, then the profit in trading will become automatic. -
You need a good broker to make a profit in trading. If the broker is not good, then it is very difficult to make a profit. I like brokers in Forex4you a lot, I like their service system a lot. The leverage of this broker is much better and the spread is much lower. There are many types of systems to manage in trading. You need to have an idea of how to trade, what strategy to use, how to manage risk rewards, all of these things.
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Choosing the Best Broker: What to Look For
Homer Raines replied to michel's topic in Forex General Discussion
If you want to earn good money, the broker needs to have a low spread. If the broker's spread is very high, it is not possible to earn money by scalping. Brokers can make a lot of profit to a trader. If the leverage and spread of the broker are not good, it is not possible to get good rewards by trading. I am associated with a broker whose name is Forex4you. This broker helps a beginner trader in many ways. -
Forex is the best investment market
Homer Raines replied to Myra Wilson's topic in Forex General Discussion
Forex is the most famous and profitable business in the world. If you want to start trading then you should gain forex knowledge first. You have to follow all the basic rules before investing money in the market. You invest money without any proper knowledge then you will face losses. You should prepare yourself before investing money. I always try to make myself prepare before investing money. My broker Forex4you helps me a lot. They are one of the best brokers I have ever worked. They are very reliable broker. -
Which trading is best parttime or fulltime?
Homer Raines replied to davidblack's topic in Forex General Discussion
Forex is the most famous and profitable business. Anyone can start trading and earn a lot of money. Forex is the most difficult money-making machine if you have no enough knowledge. You should gain proper knowledge about the forex first. Without the proper knowledge, you can't survive in the forex market. There is no alternative way of proper knowledge. I trade with Forex4you. They are very helpful especially when someone is a new trader. I would easily suggest this broker if anyone looking for a reliable one.