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standart
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Everything posted by standart
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newbies can implement scalping or long position trading. no border in order to implement trading system. however, since scalping difficult and require high amount of knowledge and experience. better if traders start with long term approach in trading. their task is just analyze the trend and then riding it.
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What do you think a best broker choice?
standart replied to boltushkin's topic in Forex General Discussion
the best brokers offering good services, being regulated and provide many bonuses. however, the most important is being regulated, and provide good services. does not join brokers just because they are offering good bonuses. but has no good services and does not being regulated. -
there are various trading platform available. however, the best is meta trader still. it easy to use and many customs indicators available. traders can install it easily on trading platform. I am ever trade on streamster but I found that custom indicators unavailable. but there are chat facility which enabling trader to interact with other trader.
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well, PAMM account created to help investors to gain profit from market. they are has no good trading ability but want to chasing profit from market. so, they are invest on PAMM account. let other people to manage the fund since they can trade and make profit by their own.
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if traders want to catch quick profit, zero spread advantage for sure. I am little bit surprised actually when brokers set zero spread on an account. since spread basically is brokers commission. however, we are not necessary to think about. as far as brokers give advantage, we need to take.
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Do you think compounding is important?
standart replied to andry777's topic in Forex General Discussion
compounding necessary when traders has small capital. they are need to make capital raise high while in other side, need the money to fulfill living expenses. while if traders has big capital in trading account, they will withdraw all the profit. -
The Simplest Way to Earn in Forex
standart replied to smithlover84's topic in Forex General Discussion
I think the most simple way to earn on market is trade by follow the trend. when traders has good trading skills and strategy, they are has tendency to be consistent. trade by riding the momentum and it help them to make profit. and avoid to trade against the trend. -
when traders use brokers which has been regulated, has tendency to be secured since money put on segregated account. moreover, require high amount of capital in order to be a regulated brokers. so, we can sure that those brokers serious to manage the company to be sustainable.
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robots can make traders lazy, they are don't want to take learning anymore since has been profitable by use robots. however, robots basically provide slow progress. since they are unable to adapt with market circumstances all the time. there are phase when robot formula unable to work due to situations on market changed.
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well, no chance to eliminate risk fully. chance to make profit come when traders accept the loss as part of the business. and choose to use the strategy which able to help them to make the risk of loss remain minimize. many thing can be happen and so, risk management plan necessary. trade by use the margin which it does not exceeded from risk tolerance.
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hone your trading with a demo account and a real account
standart replied to rizal83's topic in Forex Newbies
first is take demo practice. observe the market and point out good trading strategy. after that, they are tried to spend the time to take live practice. in order to control emotions and handle the pressure as well. though trader being good in demo account, does not mean that they will able to be good right away when deal with real pressure. require to be adapt to repeat the same result they are get on demo account. -
newbies has tendency to trade whenever they want. however, if they are prepared with good knowledge and strategy, they won't trade blindly and open position based on indicators signals. many traders able to stand on profitable side after they are take learning. no doubt that skills and knowledge development is main priority.
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the best is in previous level of support and resistance level. however, there are many traders who set stop loss based on risk reward ratio. usually they are implement scalping technique. however, if traders implement long term approach in trading, they are has tendency to set stop loss on previous support and resistance level.
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best place to take practice is demo account. when traders has ability to make profit in practice, they are basically prepared to trade in live account. as far as traders can make the risk minimize and able to make profits more than losses as well, they are has ability to be a profitable trader.
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scalping is a strategy which used to catch quick profit from market. when traders has good trading skills and strategy, they can implement scalping appropriately. main point is catch small pips of profit from small range of momentum market.
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does not necessary to be disappointed just because we are suffering some of consecutive losses. better we are stop temporarily and perform evaluation. there are mistakes perhaps, or trading system does not good enough to help traders to be effective in trading.
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I am trade based on opportunities. and does not trade based on target. if no opportunity appear, I will remain square. no open positions and waiting good entry setup to come. if we are deal with complex and risky market, we need to has specific strategy which enabling us to trade in effective way.
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robots available to help traders to trade automatic. following signals which lead traders to gain profit. however, robots has no ability to adapt with dynamic circumstances. they won't work when formula does not adapt with current market situations and volatility. at such phase, traders will deal with losses.
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If traders use meta trader platform, there are signals service available. we can follow the signals and automatically, system will follow the signals. when we are subscribe it. it available for free. such service fit to those who has lack knowledge and has no time to trade.
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if traders trade based on emotions, they are fail even before they are trade. require logical approach when traders want to make decisions. market complex and if traders trade blindly, they are just invite themselves into worst situations. better take learning if they are has lack knowledge and experience still.
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best place to take practice is demo account for sure. there, traders can trade in calm way. since they are just use virtual money. so, no real losses and traders can open the new account when they are suffering margin call. traders can take practice without time limit.
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its really good if broker offering zero spread. scalper will like that since target will being hit very fast. however, I do believe that spread is part of brokers commission. and transaction fee too. so, I am sure that zero spread is not fix spread. but dynamic spread. it will raise high when high news impact released, or when market start to be volatile since many transaction made on the market.
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Do you think compounding is important?
standart replied to andry777's topic in Forex General Discussion
we can choose to use half or all profit to trade back. in order to enabling traders to use big lot size in trading. however, such case occur when traders has little capital. when they are has big capital, they will withdraw all the profit. and does not reinvest the profit. -
The Simplest Way to Earn in Forex
standart replied to smithlover84's topic in Forex General Discussion
no simple way available till we are knowledgeable and experienced. we can found the simple way to analyze the market and circumstances if we are has good trading knowledge. if we are has lack knowledge, we will found that trading and make profit is something difficult to do. -
there are many brokers available. and if we are join one of them, make sure that they are regulated and offering segregated account. to those who spend big amount to invest and trading. bonuses attract us to join but better we consider other aspect too before decide to join on a broker.