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standart
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Everything posted by standart
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swing trading require traders to open less position. which mean, traders search opportunity by riding the trend. swing traders doesn't open position everyday. while if traders doing trade everyday, they are implement intraday trading. in intraday trading, traders does not look for high target. enough by small target only.
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virtual trading mean that traders trade with virtual money. it serve them no real profit or losses. with virtual money, mean traders take practice. while if traders want to gain real profit, mean they need to trade in live account with real money.
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what is matters most in trading forex experience or skills?
standart replied to amy211eg's topic in Forex General Discussion
the most important in this business is traders has good knowledge and experience. forex business of skills basically. to those who doesn't understand how to implement knowledge and strategy appropriately in trading, they won't able to make profits even consistent. lack knowledge and experience explain that traders need to take further training. -
if traders use $100 lot per trade, and gain 10 pips average per day, mean they'll able to gain $1000 average per day. however, it require high amount of capital. small capital not enabling traders to trade with very high lot and lead them to gain high profit. small capital mean traders should patient with small profits.
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pairs basically distinguish by 2, exotic and major pairs. exotic pair serve low volatility which lead traders to gain small profits only. target will be hit after long period of time. while if traders choose to trade in major pairs, they'll gain high amount of profit even in single day. since majors offering high daily average range movement.
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competency is requirement which needed to be successful in this business. which mean traders should understand about the business if they are willing to be successful. many people doesn't know about forex trading but they are force to trade in live account. result is, they are gain losses.
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brokers being regulated and its a good sign since it indicate that they are secure and has high capital back up. many traders confuse to choose forex brokers but actually, they can trust a forex broker which being regulated.
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leverage mean that traders has opportunity to make money even though they use small capital. no leverage mean traders should trade with high amount of capital. while with leverage, traders can open micro account. which it enabling them to spend little amount of capital to trade.
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traders can start with demo practice. there, they can start to observe the market and then, point out the best trading strategy. forex provide opportunity to gain high amount of income but it work along with traders understanding regarding with market and strategies. in order to become successful, knowledge and experience matters.
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traders can trade everyday or not depend on their goal and strategy. when traders has no urge to trade everyday, mean they are not necessary to trade everyday. search good trading setup only and then, open position when it appear. if traders use scalping technique, probably they'll trade everyday. however, it doesn't mean that they'll get daily profit all the time.
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practice to be consistent on the profit obtained
standart replied to rizal83's topic in Forex Newbies
difficult to gain profit when traders has no appropriate knowledge to lead them to trade effective. however, it won't be happen when traders knowledgeable due to spend the time to take practice previously. so, at initial phase, traders goal is how to make themselves knowledgeable. and not to chasing profit straight away on live account. -
traders educate themselves with necessary knowledge. and then, implement knowledge into practice. such way enabling traders to get experience and able to measuring which rules that worth to use and which one require to be eliminated. without take learning and make themselves knowledgeable, traders has no chance to gain good result in trading.
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contest can be a great place to test traders knowledge and skills. there, traders face and compete with many others experienced traders which technically, has more good trading skills perhaps. pressure is high when traders forced themselves to be win. however, better if traders keep relax and trade based on their own ability and analysis. results doesn't matter since the goal is test ability.
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when traders prepared, they can start trading at live account. or in other word, when traders able to generate profits more than losses in demo practice, they are prepared to deal with real risk of live market. because such fact explain that traders has good knowledge and strategy workable as well.
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traders can spend months and even years stick with demo practice. long period required since traders test strategies and observing the market. and since all of market character doesn't shown up just in single day and night, and ensure whether strategy work or not require months test, thus reasonable if traders require long period to take training on demo account.
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nowadays, many brokers tried to attract many traders client to join by offering no deposit bonus capital. even to those brokers which basically not fully launched yet. however, advisable if traders not join a broker just because they are offering high bonus only. require to check popularity and reliability too.
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Should I put a lot of indicators on my trading chart?
standart replied to flybiz08's topic in Forex Newbies
too many indicators probably serve confusion and lead traders to conduct over analysis. simplicity is the best, and traders will get easiness if they are use little numbers of indicators on chart. the most important is, indicators work as main signals and filtering lousy signals. -
to those who implement scalping, usually set little pips target. they are take advantage from volatility movement and use small time frame chart. the thing which lead scalper successful is their ability to adapt with fast changes environment. and it happen due to they are has long trading experience.
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traders make money by buy and sell currency against other currencies. though it seems simple, basically, require analysis to produce good decision and make profit. traders can trade whenever they want though market run for full 24 hours. open position at the good timing will make the chance to make profit grow higher.
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invest on trading can be a good choice. however, since forex complex and risky. first, traders should invest the money in mentoring program. they need to make themselves educated and understand how to chasing profit with analysis method. traders can trade blindly because it will make high amount of money will be gone very fast.
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not only fund but we should prepare with skills also. even skills is main requirement which lead traders to survive and even profitable. though with little fund, skilled trader will able to make it growing. in opposite, if traders has high capital but has no skills, they won't able to make capital growing. and even, they'll get margin call.
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Displayed Username : standart Amount To Request (DMT points) : 800 Payment option : Perfect Money Perfect Money ID : U5393299 Thanks to admin and mods.
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all plan made to give investors high profit. and it for short term investment duration. site template interested but not completed with ddos and ssl protection. however, it doesn't become a big problem as far as hyip paying. anyway, there are many of hyip monitors involve to invest and monitoring. current status is waiting.
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200% after 24 hours is very high. doesn't serve hyip long period of paying. even has chance they'll scam and not willing to pay investors profit. if investors unable to found payment proof report, better they are stay away and not necessary to invest in this hyip site.
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short and medium term plan available. the rate of profit including high. site name very unique and has nothing to do with hyip program. however, script secure because installed with ddos and ssl protection. there are three hyip monitor site monitoring and current status waiting still.