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standart
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Everything posted by standart
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We won't meet official school about forex. its just in form of private mentoring or tutor. however, there are many seminars which it followed by many audience. but we won't get specific trading knowledge unless we are take further training by join courses or mentoring program.
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Are you satisfied with your broker?
standart replied to mang_ncep's topic in Forex General Discussion
well, so far so good. there are no specific problems which lead me to change the mind. if we are get good services and no specific problems related with fund withdrawal, I think I won't change my current brokers. so far, I am use mayzus and instaforex as my brokers partner. -
forex is a good business for the students
standart replied to davils9's topic in Forex General Discussion
well, we can say that forex is a flexible business. open to everyone including students. as far as they are has ability to trade in effective way, they can trade and gain income. students should focus on school study, so they need to divide the time appropriately. between trading and school activities. -
scalping is form of strategy which not enabling traders to let the positions floating for long period of time. traders catch quick profit based on small momentum movement. in scalping, traders set a small target. traders can't set a big target if want positions closed for short period of time.
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More than one account with one forex broker; is it advisable?
standart replied to flybiz08's topic in Forex Newbies
better if we are centralize our capital on one account. if we are willing to open different account, better we are join on different brokers. no use to open different account on same brokers. if we are want to spread the fund, make sure that we are put it on different brokers. if a broker going down, all capital won't be lose.- 79 replies
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- trading with same broker
- pro & cons of n no. of a/c
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there are many ways to make the risk remain minimize. the best thing we can do is always being conservative. risking small margin in order to get make the risk of loss remain minimize. if we are trade aggressive, we will losing high once we are make wrong trading decision.
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the most important is has good trading skills and strategy, when traders has good ability to analyze the market, easy to them to make the best decisions. majority trades will end up with profits. but if traders has no good knowledge and strategy, make profit in trading will become very difficult.
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- life vs forex
- discuss life vs forex
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hone your trading with a demo account and a real account
standart replied to rizal83's topic in Forex Newbies
I do agree. though has been take demo practice, traders need to take practice on live account too. best thing we can do is remain focus in order to develop good trading skills and strategy. things run easily when we are has good knowledge and experience. take live practice enabling us to train the mental in order to deal with real pressure and risk. -
newbies has tendency to trade aggressive since they are has lack understanding regarding with risk. emotions easy to be triggered when they are losing high. or face some of consecutive losses. take training necessary and traders should construct patient mentality.
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traders can place stop loss on the previous support or resistance level. or they are set it based on risk reward ratio. but since we are deal with uncertain movement of market, better we are set stop loss on the previous level of support and resistance. and does not set stop loss based on risk reward ratio.
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If traders want to start trading at forex, they should be knowledgeable first. has proper ability to analyze market and circumstances. chances to make profit raise high when traders know how to implement trading strategy appropriately. learn necessary and it will make traders knowledge and experience improve.
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there are many brokers who offering demo account. its part of promotions. traders can trade there in order to take practice. observe the market and found the best strategy to use to deal with complex market. demo account useful also to measuring brokers rules. such as whether they are use 4 or 5 digit decimals.
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I am prefer to trade on forex market since it offering leverage and open for full 24 hours. moreover, I can trade from home since market run over the counter. enough by join brokers and traders will able to start trading on the forex market. enough by spend small amount of capital and does not necessary to spend big capital. like if we are trade on forex.
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there are no best trading system. all work based on traders knowledge and ability to adapt with market situations. when traders know how complex the markets are, they won't act reckless and trade blindly. they'll always stick with their own strategy rules and risk management plan.
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Entering at the lowest price for more profit
standart replied to euro's topic in Forex General Discussion
the best entry timing is when momentum start to run. however, we can't measuring it correctly. changes on market unpredictable. technical indicators does not work sometimes. and it generate fake signals. does not necessary to rush to open trades when we see that signals appear. better wait till we are sure that momentum trend valid. -
How Long Do you spend in Trading Fx Daily?
standart replied to Aikhen's topic in Forex General Discussion
though traders work for full time, does not mean that they will trade for full 24 hours. they will trade on the session which market volatile most. which it provide opportunity to gain profits. basically, we are not necessary to always stay on the chart and monitoring price or trades, if want to get profits. -
if traders has own money, they can make own deposit. however, there are case that traders has lack money or even no money at all. they take advantage from bonus which offered by brokers. it in form of posting bonus, trading contest prizes and even free capital on welcome account.
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The Simplest Way to Earn in Forex
standart replied to smithlover84's topic in Forex General Discussion
there are no simple way to earn till traders take learning and make themselves skilled. no chance to gain profits when traders has lack knowledge and even unprepared with good trading strategy. chances on market difficult to be predicted, but if traders has ability to minimize the risk of loss to be happen, has chance to stand on profitable side. -
Can no deposit free money help you achieve success on forex ?
standart replied to kaito kid's topic in Forex Newbies
welcome account provide free capital to trades. but if consider that amount small only, difficult actually if expect to make it high within short period of time. even many traders fail to make it growing. the best is spend own money and use bonus just as learn facility. -
traders can choose to trade part time or even full time. depend on traders own. if they are has day job, they can treat forex as a part time business. while if traders decide to work professionally, mean that they will spend all of their time to work fully on forex business. and rely on trading income to fulfill daily life necessities.
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traders satisfied when they are gain good results. moreover, it in high amount. however, big gain or small gain is something common, including losses. so, does not necessary to get carried away when traders gain big profit. if they are act reckless, big profit will be gone withing short period of time.
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personally, I choose previous support and resistance level to mark my stop loss level. however, different strategy has different rules in set SL level. scalper will choose to use risk and reward ratio calculation in point out stop loss level. changes unpredictable and better if traders does not set stop loss too tight. its will going to get hit many times.
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forex market run over the counter. it last for full 24 hours. while stock market centralized on specific trading floor. which it open at day time only. so, traders has no chance to trade whenever they want. while in forex market, traders can trade whenever they want. though has day job, they can trade at night still.
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leverage use to trade varies. if use 1:100 leverage ratio, traders can trade with 1 cent or 10 cent minimum lot size. such leverage ratio suits to those who trade with small capital. while if traders has big capital on trading account, they can choose to use higher more leverage ratio.