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Upoctin
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Everything posted by Upoctin
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Forex is a great opportunit to earn maximum money and people all over the world are interested to trade forex and make money. To become successful it is necessay to learn forex and have good strategy and money management.
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It is an ideal home based business because no physical work in needed in this business. A trader only have to sit in front of his/her computer and analyse the market and put a trade on his/her free will which will result in profit or loss. So it more easy for the people to start this business while sitting in their home by investing some money only.
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Condition for scalping includes: Low spreads, Rare slippage experience, Fast platform and low commission to your broker. If you want to scalp, an offshore broker would be best.
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As a new trader always start with low investment and test your broker. If it works good then you can deposit large amount and can earn more profit.
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The benefit of high leverage is simply that it can help us earn bigger profits. The disadvantage of using high leverage is that it is very risky also. But I think we should use high leverage when we are trading with a small amount of money. This helps us earn big profits even with small money.
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Chart pattern / chart structure helps us determine where to breakout the market. They also indicate whether the price will continue or reverse the current direction so we can easily choose our strategy based on the chart pattern. Below are some famous chart patterns. 1. Double top and double bottom 2. Head solder and inverted HNS.3 . Rising / Failing Wage 4. Rectangular 5. Triangle
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Always be careful when trade forex because it can be proof risky for you if you have no plan and money management so always make a decision before start trading and try to learn the basics of forex to ease it.
- 44 replies
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- Forex trading beginner kit
- Forex trading for newbie
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Forex may useful for everyone if you have good knowledge about it and have money management too.
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Great video. I would like to watch it and hope to find it usefull.
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List of brokers banned by forex-fraud
Upoctin replied to francmorio's topic in Forex General Discussion
Thanks for sharing a list of fraud brokers. I would like to advice do not trade with unreliable brokers. -
A quality broker always help you to make good money in forex trading. So always choose a broker with good qualities and features and you can find a good and quality broker after research.
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One of the best tips for trading Forex Signals is notwithstanding little totals, and low utilize, while meaning your record as it produces benefits. There is no legitimization to the likelihood that a greater record will allow more noticeable advantages. If you can fabricate the measure of your record through your trading choices, perfect. If not, there's no explanation behind keeping attracting money to a record that is expending cash like a radiator devours paper.
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If you really want to make good profit then it is necessary for you to have good education about forex and some brokers also offer educational program for their clients.
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Losses in Forex can be due to various reasons such as inefficiency in trading, reliance on signals, trading aimlessly, trading with high risk, lack of trading strategy, lack of self-confidence, etc. Also, not doing market analysis while trading, not doing good money management, not doing proper monitoring while trading can also cause loss.
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Forex trading career, work or business can be called, because you can earn money from Forex gain loss both of them, so my opinion Forex job, work or business can be, i do not think Forex hobby, because you can not earn money from the hobby, but toward the hobby much money, can not exchange money.
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It is good way to take video course and learn the forex deeply.
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Margin and free margin are connected to each other. What will appear at the margin level actually means that your free margin level cannot go below the margin level. If the free margin goes to your margin level then your trade will close automatically. The trade with the highest loss will be closed first and will continue to close continuously unless the free margin level is equalized.
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Greed is a strong enemy to gain profit. forex is a very profitable business. we can earn huge money from here. most of the new trader cannot control their greediness and trade more and more for huge profit. always we should protect our capital and trade for money in very carefully without any greed.
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Most of the time i trade in forex but beside forex trading i generraly do my own retail business to make extra money.
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I can say that Forex is volatile but you can manage to be good if you know the economy and stock market.
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Forex trading is an addiction for every forex trader. No matter we are in profit or loss, but we can not leave forex anyhow. Forex trading makes you so addicted to it that even you want your trade to float or ride the profit for long time but still you continue to keep seeing them very often. Sometimes forex trading keeps me frustrated that why my negative trades are not going in my favour but still I couldn’t think of leaving forex. For me, forex is my life and I can’t even think about leaving it.
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In fact, the main reason for our loss in the Forex market is trading without following any kind of strategy and without money management. The result of trading as you please can be nothing but loss. Moreover, when we lose, we sit lazily for the sake of luck. But we should find out the causes of loss and correct ourselves accordingly.
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Amarkets is good and very reliable broker with low spread and has good customer support. Always happy to trade with them.
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A lot of brokers are outthere in the marker who are offering best learning facilities to their clients so every new trader can join them and can make good progress to become a successful trader.
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Low spreads is one of the most important elements of trading. The broker who gives low spreads are basically well known to the traders. Specially the newcomers and the low investors rely on the low spreads broker.