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Upoctin
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Everything posted by Upoctin
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Demo account is very useful and very helpful for the all peoples and specially newbie in this business because when we are the join this wirk then we do not know about the any thing and we start the demo account then its very good for the our experience and knowledge so do not waste his time of there where just keep focus on the demo account for the maximum of 6 months for the good experience.
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Greed has a curse . Greed patient never get normal because their nature cannot be changed they are addict to greed. In my views when you set a goal of profit to achieve and you achieve your goal after that you want to go beyond your ideas and goals to earn more and more that is called your greedness .We should control on our emotions and determined to our goals.
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The purpose of leverage in Forex trading is to ensure that our balance is not so high that we can purchase any currency or commodities in large quantities, but this facility guarantees the privacy of our broker in the form of privilege from which we can balance. Big lots can be made and spread is the difference between selling and bye price which is deductible with every order which is also known as broker commission ..
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How is it good to depend on this strtaegy?
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Do you learn trading by yourself or from a mentor?
Upoctin replied to Levie's topic in Forex General Discussion
I have learned Forex by my selef with the help pf internet. I watched many videos over youtube and read many articles and blogs and also visited many websites to learn Forex. -
Choosing a Forex broker is very difficult task and you must choose a reliable, trusted and reputed broker. You can read reviews about different broker at diffrent reviews sites and choose a broker.
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Experience in the Forex market is very important, and knowledge can work in this market, so I do not have enough knowledge and knowledge in the market, because the Forex market requires practical experience, do not think that you can start working in this market only if you have there is the knowledge necessary to work in this market for this purpose, you can work in a demo account provides you with very good equipment, we can easily understand the market and work hard and improve demo account training you have good conditions, therefore you do not need to invest money in real investment, you can open your own business, using a variety of indicators and to improve the quality of education, working in practice
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If you want to become a successful Forex trader it requires a lot of hard work knowledge and experience with good skills and you also require good investment so try to increase your investment and all those things.
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Demo trading is very helpful to get and test your trading skills. If you are new then open an demo account and start practcing with demo trading. With demo trading you can get experience which will be helpful to get good results with live trading.
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Controlling emotions that hold you back
Upoctin replied to free forex's topic in Forex General Discussion
Greed and emotions are two key issues that effect all forex traders. These bad trading habit makes traders to lose out in their trading career. We need to minimize these two thing. if we really want to make good profits from the market. -
Before you can make use of the divergence trading system, you must have studied the MACD indicator very well and make sure that you really understood it because this is where the real divergence trading system is taken from. Trading the divergence without first understanding the MACD, is like playing with fire in the market. Divergence is a trading system that is not too known to many traders and as a result of this, very few traders do know how to use nit to trade the market.
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The biggest mistake most traders do, is to over-use leverage. I'm NOT against using accounts that give you high leverage. I also trade on accounts with 500:1 leverage. What I mean is that you HAVE TO make sure that your total exposure is low enough to survive the worst possible thing you can imagine happening on the market before the price turns in your anticipated direction and you can collect your reward. The root of all evil on leveraged accounts are margin calls, which always happen if you over-use the leverage.
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One can say that these are very useful tips and you can get good help with these tips if you want to trade Forex successfully. So always learn the basics of Forex and then go with demo account to do some practice which will be helpful to become a successful trader.
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There are many good broker s available in the Forex market and you can choose one of them. Broker should be regualted, reliable and trusted with good customer support.
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Greed is caused by our inability to control our emotion during forex trading, and if we can trade in such a manner that we are able to prevent our emotion from interfering with our decision making, we can control greed during forex trading.
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Having good confidence is important in Forex trading. If you have good prepration and practice about Forex it will be help you to maintain your confidence and trade with lot of confidence. So always prepare your self before start trading.
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Forex now is one of the Online Business
Upoctin replied to luke1's topic in Forex General Discussion
Forex (foreign exchange) is the name of the market in which all the world's currencies are traded, the Forex market is the largest market in the world and the most liquid market is in demand, this is the key to daily five dollar trilling in the Forex market. The key is to trade on average, it is very important to get the help of a key broker to start Forex business, which is the key to providing key trading platforms like MT 4 or MT 5 and it is important to have a computer with internet connection. -
Yes, Forex needs hard work to be successful. If we do hard work then it will be easy for us to be successful and make profit in Forex. Forex is diffucult though but we can make it easy with good technique and plans.
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Without knowldge it is difficult to survive in Forex and if you no knowldge then you should learn the basics of Forex first and then start trading with demo account to learn and do some practice which will be very helpful to trade successfully.
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Is it possible for me to sell my forex account online
Upoctin replied to chuna1985's topic in Forex Newbies
Yes, because you can trade online so you can sell your extra Forex account to other traders and they can operate from anywhere in the world and manage it from there. -
Forex is a real business and easy but it is equally hard for those traders who have no understanding of it and want to become rich quickly. If you want to become real successful trader then you should learn it and then trade successfully.
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To me if you want to avoid loss and for success, it requires a lot of time to study, to learn, to experience ... for this respect, in my view, it is not different from any other profession which requires expertise.
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It is not necessary to trade every day of the week, it totaly depends on sitution of the market. I prefer to trade with the trends of the market and if maket favors me i definitely prefer to trade.
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Divergence is a very strong tool and you should look for hidden divergences regardless of the strategy you are using.
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Earning in Demo account is easy.
Upoctin replied to PROPENSITY100's topic in Forex General Discussion
Trading with demo account is only for learning purposes and there are no real money involved so making profit with demo account is easy but when you will start real trading with your real money then it can becomes difficult to make profit and you need to do hard work.