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Upoctin
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Everything posted by Upoctin
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I haven't heard of one so far, but who knows, blockchain technology is getting implemented in all sorts of new and unconventional ways, so why not Forex trading too?
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Stress is not just for forex trading, it is a very harmful thing for any job. Because you can't do any job well under stress. If you want to do something well, you need to get out of stress first and then slowly. So if you want to do well in Forex trading, you have to get out of stress first. One of the ways to get out of stress in the forex market is to trade with money management.
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A good broker always help a customer to make good profit and we should choose a broker with good reputation in the market.
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What I mean by sideway trend is that the market does not go up or down. The market revolves around a certain circle. Then trading is not very profitable. So at this time we have to refrain from trading.
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I think it is very difficult to avoid emotions during our trade, it is part of our body system but we can control our emotions with proper strategy and managment.
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Yes every trader must has rule and must obey the these if he wants to become a good and successful trader. Do not frustrated and always try to folow the trends of the market and it will help you to make good money in Forex trading.
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Whether you are a long term trader or a scalper depends entirely on how long you can devote to your trading and what your trading strategy is. You decide for yourself which method is most effective or beneficial for you.
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Demo practice is vital for beginners. Because, demo is an important means of getting real education for practice at the end of training. I don't think there is such an opportunity in any other business in the world. Demo practice in the Forex market gives a person ample opportunity to mature in his business.
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Difinitelly we can trade forex as long term and can make good profit from it. Always learn the leasson from your mistakes and try to avoid more lossess in Forex.
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Forex is an international business and everyone who joins the market want to make money quickly.All beginerrs should learn the basics of forex first and after learning when you feel it is time to invest you can start real trading.
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Although forex trading is hard to do but you can make it easy with good knowledge,skills and money managment. Always ready to learn new things and experiment different strtegies and make good plans.
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Choosing a broker in the Forex market is one of the tasks because if you choose the wrong broker here, all the money you have invested can be wasted. So you have to pay close attention to the selection of the broker so that there is no problem. I think InstaForex Broker is the largest broker in Asia where you can invest your capital with confidence.
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Trading the demo account like a real account never works out. There a lot of people who say that they can trade the demo account the same way that they trade the real account, but for me that is one thing hard to understand. There will always be a difference in both accounts.
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Inexperience in Forex Market Knowledge and Skills is the only key to success in this market. If we want to use this inexperience we can gain a lot of knowledge from this Forex market through which our inexperience and skills will increase. In order to succeed in the Forex market, we must always prioritize these three key issues, otherwise we will not get the expected results from this market. And the main feature of surviving in the Forex market is that a skilled trader can easily make a good profit from the Forex market.
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In fact, every single trader in the Forex market uses a different time frame, in fact it depends on one's strategy. Time frame is an important issue in the Forex market. Those who want to earn in a short time prefer the time frame from m1 to h1 from this market. I use h4 and d1 time frames for most of my trading because I prefer to trade long time in Forex market.
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Here is how we use RSI (Relative Strength Index) in Forex market. We see RSI indicator numbers ranging from 1 to 100, and if SI is above 50 it is up, if it is below 50 it is down. No ray, buy if it is below 20, sell if it is above 60.
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Most the the new traders come in Forex with the hope that they will become rich quckly so they only join forex and start waiting for results to make money. But they do not do hard work and even have no knowledge and skills. So as a new traders always learn the basics and develop trading skills and after it start making money.
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If you plan on participating in forex trading, one tip you should follow is to always be cautious of all insider information. You should never base your decision on this information. Instead, you should wait for the market to let you know if your own information is correct. When a trend develops, jump on it!
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In the forex market, it is up to you to decide which pair you will work with or which pair you will be more successful in trading. You continue to trade by analysis and see which pair your analysis is more successful. You should trade in the pair in which your analysis will be more successful. And if you can analyze gold properly, you can make a good profit from it.
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Scalping is a popular method in the Forex market. You need to have a lot of experience to trade in this way. However, I can not say whether skilled and successful traders scalping in the Forex market. Scalping requires a lot of time. I am a student so I can't spend so much time in Forex. That's why I trade long.
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Start Trading with an Old Forex Broker
Upoctin replied to justusfreaky's topic in Forex General Discussion
If your choice of a broker is wrong then it is not possible to make good profit. So always choose a broker with good trading features and qualities. -
Forex really needs hard work and effort to make good profit with it. Demo trading and educational material can help a new trader to become a successful trader. Always trade with demo account first if you are new and want to step in the forex market.
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Forex spread can be very from broker to broker so always trade with a broker having low spread.
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Having a good plan and strategy always help a trader to make good way in forex and can achieve his goals of trading. Always make a plan and strategy and start trading.