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Upoctin
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Everything posted by Upoctin
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In order for me to succeed, I need to learn and gain knowledge from any website and any senior person. I think you need a good broker to help you and to get and give you information very well after that you work very hard to succeed in Forex trading. I want to make a trade in Forex trading then I discuss a lot of strategies with my senior traders and I hope my trade is successful. Interest trading needs a good strategy and a good plan if you want to be successful.
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Remember making money in forex is very difficult if you have no proper knowledge and skills. So it is necessary to learn forex before investing your money otherwise it can harm you and you can lose your money quickly.
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The following conditions are required for scalping: Low spreads, Rare slippage experience, Fast platform and low commission to your broker. It would be best to use an offshore broker for scalping.
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When we use our brain for trading, build and use strategies as well as possible, then we are using our brain. We need both of these things, and if we leave one of them, then it means all is nothing.
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A demo account is a type of practice account. They they allow us to increase our knowledge about trading. They they allow you to practice day trading with a wide range of financial instruments.
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Forex is the best investment market
Upoctin replied to Myra Wilson's topic in Forex General Discussion
Since the Forex market is so large, it is also very liquid. With this scenario you can instantly buy and sell at will under normal financial circumstances by typing a few keys. In a trade, you are never "stuck.". You can even set your web trading stage to close your position thus once your optimal advantage level (a cutoff demand) has been reached, and close a trade if a trade is clashing with you (a stop hardship demand. -
A newbie should practice demo account at the start and then start trading, to become a successful trader you need to learn a lot of experience, management of money, you should learn better analytical skills, you should have better capability of understanding the market trends,Always learn from your mistakes and never give up in Forex.
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According to its most basic definition, price action is a trading strategy in which an investor makes all forex trading decisions solely based on the price movement of a currency. In a price action strategy, there are no technical indicators used to determine whether a currency is supporting or resisting a particular trend. In the end, the price chart takes into account all the different complex strategies used by investors around the world. Because the price chart will inevitably come to reflect the impact of external global events on its own, there is no need to predict their impact on the market.
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It's best to open a demo account and experiment. Making money is a different story and can be challenging. Follow someone who trades successfully and emulate them. Find a very successful FX robot to trade for you if you are unable to do that.
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How to be consistently profitable in forex trading.
Upoctin replied to asiaforexmentor's topic in Forex General Discussion
Since Forex trading is such a dynamic market, more and more profitable trading methods have been developed and it is possible to trade Forex profitably in a variety of ways. Moreover, there is no guarantee that a profit system will always be profitable, so historical results are not always indicative of future results. Traders, however, have found that some of the procedures work best for maximizing profits. -
How Much Time we Spend in the Demo Account.
Upoctin replied to showrov1993's topic in Forex General Discussion
One of my friends taught me the basic principles of trading in a demo and I went straight to real trading with a $20 deposit. Also, i do not think that demo is useful for learning, it is made for taking a look at strategies, eas, etc. not for learning how to make a profit. An important distinction between a demo account and a real account is the emotional factor, which has the biggest bearing on a brand newcomer's success. When a trader moves from demo to real trading, they find it challenging to manage their emotions. Therefore, the majority of them always ask why I continue to lose in real trading when I do well in a demo? During trading on a demo account, he could not learn how to manage his emotions -
Forex is the best trading system for earning money. Forex seems to be a good investment an excellent investment It is a smart business in the world, not gambling. In this business, some traders use it as a way to gamble in order to make good profit.
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Earning in Demo account is easy.
Upoctin replied to PROPENSITY100's topic in Forex General Discussion
Demo accounts are provided in trading, which is a very good business. We can practice without any danger or risk. By practicing in a demo account, we will get experience and we will identify our mistakes, so we will not repeat them on the real account. -
Each trader uses a different style. In order to use the scalping style properly, you should use a smaller time-frame, such as M5 or M15. The intermediate time-frame, such as H1 or H4, can be used for intraday trading. Swing traders can use the large time-frame, D1 or weekly, for their trading.
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Forex is, of course, a risky business, but not just Forex. Each business is risky, no matter how it operates. If we want to trade online, we have to assume risk. The reason is that without taking risks, we cannot make good profits. Losing and winning are both part of running a business, which is why we must be prepared for either scenario. That's why Forex is not only profitable but also risky.
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Forex is not so easy the people think, it needs a lot of dedication and hard work and also good knowledge and skills to become a good and successful trader.
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A newbie should practice demo account at the start and then start trading, to become a successful trader you need to learn a lot of experience, management of money, you should learn better analytical skills, you should have better capability of understanding the market trends,Always learn from your mistakes and never give up in Forex.
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Earning in Demo account is easy.
Upoctin replied to PROPENSITY100's topic in Forex General Discussion
Demo account is not for earning, it is only for practice purpose and you can trade in it with imaginary money but not real. You can test your trading skills and strategy with demo trading. After demo trading when you feel now id the time to invest in real account then you can start and make money. -
In my opinions, these both fear and greed are dangerous in forex trading. Avoid from greed and fear. I suggested that just enter in forex trading with trading knowledge , confidence and gained experience and become a successful trader.
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Its depend on trader that if they open long term trade then trader need to select H1 and H4 time frame and if trader need to open short term trade then trader need to set 1 min & 5min time frame for trader.It is important that when trader open trade with analysis and strategy bases then their time frame working perfectly otherwise just one the base of ideas that trader never get good result from time frame.
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I would like to say that experience and knowledge are equal but it works side by side with each other without empty if you cannot do anything in Forex trading experience come with the knowledge and knowledge turn in experience both are very important and essential for a trader if a trader have the tournament then he will be succeed in every field of life in any kind of occupation year in Forex trading these two are plays vital key role for a trader beyond the two element he can enjoy the maximum bonus from the trading
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Before investing your money you must try your trading skills on demo account because it is very important to test your strategy and then invest in real account.
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On DEMO accounts: 1. Liquidity is limitless and 2. Executions are instant, so DEMO orders get decent (i.e. reasonably good) fills even during new spikes (i.e. just some minor slippage). On the other hand on REAL account executions can slip easily during major news DUE TO: 1. LACK OF LIQUIDITY and also due to 2. BROKER SERVER OVERLOAD causing significant EXECUTON TIME DELAYS.
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I think, a new trader can start forex business with great knowledge and proper experience than he become a good trader.A new trader needs learn about forex trading and procedure about forex trading.
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Experience is the most important thing in forex market. Knowledge is key and without knowledge you cannot achieve your goals. Experience comes with time and makes you experience trader.