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Upoctin
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Everything posted by Upoctin
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Forex is very risky business and trade without loss is very difficult but we can avoid loss and maximize our profit with good money manaement and risk managment.Also should have good knowledge and skills would be good to be successful.
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Long term trading needs the patient to hold our positions. I think Long term forex Trading is better than short term, because it requires dramatically reduced time for analysis and trading.
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Greed is the sword for trading Forex and people lose their money because of their greedy mind. So always try to control greed and try to make good money.
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Computers and programs simply do not have anything similar to that mystical human gut feeling. While some traders do not think that intuition can be helpful in trading, others rely on it — such traders probably will not be pleased with automated trading.
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I think we should not quite our job ever we have 10000$ in our account because Forex is a risky business and we can lose our money quickly and find it difficult to make profit consistently.
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It is a very profitable job to have if you are looking for a more free, unlimited by any boundaries type of job. However, be warry of brokers that are scam and do your research about scam companies before depositing your hard-earned money.
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Great video, thanks for such a great and informative video to get good results in Forex trading.
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How to protect and secure your Forex trading business.
Upoctin replied to Lin5878's topic in Forex General Discussion
Having a business plan is the first step to creating a Forex trading business. This step involves defining your business and coming up with ways on how to stand out from the crowd. Without proper planning, your Forex trading business is going to inevitably fail because the lack of direction will lead to unclear paths. -
Once you fail in Forex ypu feel disherated and think to leave Forex trading but failure is also the key of success and motovate you to do more hard work and try to overcome your mistakes in Forex trading and want to avoid to repeat the same mistake again in future. So always try to learn the Forex and it can be helpful to you to become successful trader.
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Brokers are intermediaries between a trader and market. Unfortunately, you cannot start forex trading without them. Therefore, try to choose a reliable and honest company. How to do it? Look for independent ratings of forex companies, read reviews on forums.
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"Make money from Internet" and do Forex Trading
Upoctin replied to VishalM's topic in Forex General Discussion
Forex is the biggest online business in the world and you can make huge money from it. But you need to have knowledge and skills and strtaegy to trade well and make a lot of profit. -
Before start Forex trading you must evalute the Forex market and learn it how to become a good trader. I have learnt one thing with my experience that a trader must have a simple and working strtaegy and plan to be a good trader.
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I would like to advice as a newbie you should always learn how to control greed, emotions, discipline and have good money managment and plan.
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The Forex market is regulated by the Financial Conduct Authority (FCA). They are a consumer Watchdog agency and regulatory body. The FCA is funded by the various financial services companies and forex brokers who make use of the markets.
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Yes, forex is the biggest online earning source and we can make a lot of money with it if we have good skills and knowledge. Forex can be also risky and there are always risk envolves to lose money. So be carefull and do not invest your big amount in Forex if you are new and still in learning process.
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Greed really destroy your forex career path,greed is the forex traders greatest enemy, it is the greatest monster in this business, greed always comes from impatience and always leads to losses
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Computers and programs simply do not have anything similar to that mystical human gut feeling. While some traders do not think that intuition can be helpful in trading, others rely on it — such traders probably will not be pleased with automated trading.
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The best way to motivate yourself is by doing the right thing in the market to make money that is the truth about this business profits is what motivates us to do more in the business and give us the mind to invest bigger money in the Forex market and that is just the truth about this market .
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I know a lot of day traders who rely on scalping. But with my personal experience, I realised it is more of a gambling than a real trading strategy. I prefer long term trading with at least a movement of 300 pips to call it a profit.
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It's very hard to avoid the greed because most of the traders are very greedy when they join forex trading and we need to practice on the demo account and try to control on the greed and be greedy on learning and earning the experience and knowledge and you know the rule the right thing on the right place
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Learn that it is a good thing to be confident. Mind you, I mean confident, not arrogant. It's good to trust your decisions, but those decisions must be made on the basis on what you see on the charts, not what you want the market to do.
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Friends come to work because they do not have much knowledge and experience about it, they do not know who to do this business, due to which they suffer a lot of loss if they want to earn more profit If it wants to earn more profit then it will have to work very hard for it and it should get experience and knowledge very important because without knowledge it will not get anything. For this, he will have to do something new so that he can earn a good profit and Become one of the successful Businessman.
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Discipline management is one of the hardest factor to master. At the same time it is the most Important element of successful trading. You cannot become successful without having discipline management in your trading. It is the necessary part of your trading without this no one trader become successful.
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In my country there are no taxes on lossess but if you will get profit then you will give some little fee.
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A stop-loss is an order that you place with your in order to sell a security when it reaches a particular price. A stop-loss order is developed to reduce a trader's loss on a position in a security. It is good to have this tool at times when you are not able to sit in front of the computer and monitor yourself.