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Upoctin
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Everything posted by Upoctin
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There is no shortcut in forex to make money in a short time/quick way. It demands continuous efforts including learning about forex, having a bigger capital, mimizing the greed factors etc. A good combination of all factor can bring a positive result. Earning is not as per investment, its about our experience that we make a lot with a little amount and may loose a strong capital due to lack of knowledge.
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Forex is very common and very profitable business of the world and we can only make profit with forex if we have good education and help of a good broker. We should have good strategy and plan and money management to become successful in Forex trading.
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I know you are in Forex and making good profit and money with it, but i want to know why have you joined Forex? What is the main reason behind it?
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There are a variety of different ways that you can trade forex, but they all work the same way: by simultaneously buying one currency while selling another. Traditionally, a lot of forex transactions have been made via a forex broker, but with the rise of online trading you can take advantage of forex price movements using derivatives like CFD Trading.
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Earning in Demo account is easy.
Upoctin replied to PROPENSITY100's topic in Forex General Discussion
I think because of no risk involved in demo account making money is quite easy but if you are trading with real account you will feel different because your real money involved and you feel some danger of loosing your money. If you want to be successful in real trading you must control over your emotions and have good discipline. -
In fact forex trading not easy and all the people think that forex is money machine but in fact this trading may give you huge money but after learning the secret of the earning .forex trading attract all the people to trade and achieve their goals but after training and practice on demo to save their money and survive
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I think forex trading is to risky like the stock market.
Upoctin replied to carebears's topic in Forex General Discussion
I think bitcoin price will be on track in near future and start to increase. -
Forex Trading is a very good business in which demo account is given. This is a great facility for all trader.We can practice without any danger or risk.By practicing in a demo account, we will get Experience ,And we will know about our mistakes.Then we will not make such a mistake in the real account.
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There are many indicators available in the market and it is totaly depends on the market which indicator works for you. Sometime you need to combine many traders and use them.
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Fear of losing money is a good emotion to have in many areas of life, if we did not have it there would be even more chaos in the world and in the markets. Humans are protective of their acquired wealth and property, and rightly so; they worked hard for it.
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Forex is a business where you can trade 24 hours a day and if you want to make maximal profit then you should learn the basics of forex and start practicing with demo account.
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When choosing a FOREX broker, you should always consider security, support, fees and regulations before you decide. You should also know that finding a broker, can be difficult, because a lot of different traders has different opinions.
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What is the difference between Fundamental and technical analysis? which is the most reliable?
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In the forex markets, chances are that no two days are the same. Similarly, trading for just one month and thinking that you are an expert is the perfect recipe to lose money quickly. The amount of time it takes for one to learn how to trade forex can of course differ, that’s why patience is a key ingredient here.
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Is Olymp Trade a Legitimate Platform?
Upoctin replied to NickLeins's topic in Forex General Discussion
I have not much heard about this platform and it seems a unknown platform. So always read and research about brokers to find their reliabilty and what is reputation of the broker in the market. -
Forex is an easy way of earning and you can make a lot of money with it if you have good understanding of it and have good skills and knowledge. If you are lacking in knowledge and skills than it will be difficult to survive in it.
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Knowledge and patience both are very very important in the forex trading.it should not possible to gain in forex trading without knowledge and patience.more data provides a merchant additional success and patience makes a merchant sturdy in creating his mercantilism selections and each factors very facilitate a merchant in earning additional profits.so knowledge is too much important for forex trading.
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If the robot was really profitable, So we get money without employed too unkind. But if the robot was not productive, then we faculty see some losses. We could retrograde money, We also can flow our second that should be used for learning.
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Scalping is a forex trading strategy that aims to make profits from small price changes, generally when a trade has become profitable shortly after entering the trade. The downside is that a single large price move in the opposite direction can wipe out all the small profits that the trader has worked very hard to make over a long time.
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How to Start Profitable Forex Trading
Upoctin replied to ellliottt's topic in Forex General Discussion
Many traders have the motive that forex is one of the quickest way of making money without thinking about the risks that are involved. Though forex is a nice business, it requires proper knowledge and patience in this market. As a newbie, you do not have to think that with just one click you will make billions of dollars, rather you should follow the gradual process of trading and think as a beginner and plan on how to achieve success in this market. -
Forex can be risky if you have no skills and knowledge and you want to become rich quickly. It is a dangerous approch and if you have no knowledeg and skills than first gain them and start trading with demo account and do more and more practice which will help you to trading successfully in real trading with real money.
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How many lot size that you use in trading?
Upoctin replied to andry777's topic in Forex General Discussion
In the forex market, a Lot is the least available trade size which you are allowed to place when trading the Forex market. In normal conditions, brokers will view lots by an increase of 1000 or a micro lot. It is vital to know that lot size have a direct effect on the risk which you would be taking on a trade.*With this in mind, it will be helpful to get a suitable lot size with a tool like a risk management calculator or maybe a trading tool with a chosen output. This will help you whether in a live or practice account as well as help you understand the amount you are willing to risk. -
what are the best forex trading Hours?
Upoctin replied to asiaforexmentor's topic in Forex General Discussion
The most favorable trading time is the 8 a.m. to noon overlap of New York and London exchanges. These two trading centers account for more than 50% of all forex trades. On the flipside, from 5 p.m. to 6 p.m., trading mostly happens in the Singapore and Sydney exchanges, where there is far less volume than during the London/New York window. -
We should take care of our discipline and who should improve knowledge. When we improve our adjective, it does not benefit us very much. Discipline is very useful in improving performance in our business and we have to be a shredder and to be a good threader it is very important to take care of the discipline.
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The market is moved by living organisms called humans. So yeah, the market is alive by the collective human nature.