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standart
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Everything posted by standart
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best place to conduct practice is demo account. though traders can trade in live account right away, it totally harmful since traders risking real money in trading. than practice in live account, safer if traders take practice in demo account. where use virtual money only which serve no real loss if traders get losses during the practice.
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scalping is one of trading style which require traders to in and out from market within minutes. or could take longer period when market move ranging and no momentum appear. require to be quick adapt with changes if traders want to apply scalping method in trading.
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some traders willing to withdraw all the profit. but it happen because they are have no intention to increase trading capital anymore. capital big enough to lead them to get high profit. for traders with small capital, they won't make withdrawal or withdraw half only because want to make trading capital increase more
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all brokers offering demo account. to enabling traders to practice and tried trading platform performance. we will know brokers use 4 or 5 digit decimals after we are tried their demo account. so, though we are basically prepared to trading live, we need to try brokers demo still before decide to make invest.
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since we are on forex section, mean we need to invest the money on forex. however, not necessary to invest all the money in one broker. traders need to spread the fund and invest in different brokers. so, when unexpected thing happen, and brokers going to down, traders has money left to continue trading.
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robot basically is manual trading system which made to be automatic. quality of robot depend on trading system. if system good, robot work good too. but if system lousy, traders can expect robot will work appropriately. disadvantage or robot is unable to adapt with changes on market very quick.
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I am not interested to invest in PAMM since I can manage my own money in trading. if just investing money, my profit will remain limited. while if I am trade by my own, I can generate higher profit. the best thing by conduct own trading is we have full control over our own capital.
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we all deal with possibilities which it could turn to profit or loss result. basically all trading business could be gambling. though we are manage the risk, we has chance to get loss still. the only way to make it different is we has a plan and strategy before make decision. and not just guessing.
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well, basically all brokers trustworthy. they are will give the bonus if they are promise to give bonus. the bonus not only in form of bonus deposit, but no deposit bonus also. not necessary to make deposit in order to get the bonus. traders task is just open an account. and then, bonus will be transfered to the account.
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Failed in Demo Trading , Will i Fail in Main one Too?
standart replied to kiranchandra's topic in Forex General Discussion
when traders has no appropriate knowledge to conduct analysis, I think they are has no chance to get profit result. make knowledge and experience improve is traders task. and they need to take practice in risk free environment such as demo account. traders need to stick there till able to generate profits more than losses in trading. -
there are chance to traders conduct wrong analysis. or they are being right but late to close position. so, previous profit position turn to loss position. when traders deal with dynamic market, they need to be careful and make decision based on specific reason. they can trade based on emotional decision.
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Mistakes that Forex traders are likely to make.
standart replied to mody.saied's topic in Forex General Discussion
mistakes make traders to open trades carefully. traders don't want the same bad result to be happen and choose to avoid to make same mistakes to be happen. major mistake usually regarding with impatient, rush and inability to wait good entry setup to come. traders has tendency to trade whenever they want still. -
Do you have an alternative to forex?
standart replied to adil007's topic in Forex General Discussion
require deep understanding about the business before we are rely on it. if we are want to become full time traders, mean we need to make sure that we are profitable as a trader. which mean, we are require to be skilled and has ability to generate profits more than losses, no matter with the market circumstances. -
misunderstanding about the risk make traders become greedy. they are unaware with the fact that this business don't lead them to be risk overnight. require to manage the risk till minimum level. which mean, they can trade aggressively since it increase the chance to get margin call.
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forex change our live because this business offering high potential income. from have lack money, traders can get freedom financially. from difficult to fulfill daily live necessities, they are get easiness because able to generate high income in trading. however, to achieve such level, traders need to work hard to make themselves skilled.
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Consistency in profit making is very important?
standart replied to showrov1993's topic in Forex General Discussion
become stable and consistent is traders goal. because it explain that traders able to become profitable. market serve no easiness and someone has no chance to get profit if he/she has lack knowledge, skills and trading experience. to be profitable consistently, no doubt that traders need to take learning. -
what are the best forex trading Hours?
standart replied to asiaforexmentor's topic in Forex General Discussion
the best forex trading hours is when market provide trend momentum movement. and it usually occur at london and new york session. many intraday traders choose to trade at those session because has opportunity to get decent profit. while if traders use long term strategy in trading, their best time to trading not depend on market session. but when the price changed in direction. -
What are your plans as a forex beginner???!!!
standart replied to showrov1993's topic in Forex General Discussion
when I am beginner, I have plan to make myself being knowledgeable and experienced. and to make it fulfill, I am conduct practice in demo account. that was my plan. now I am arrive at phase where I am trade in live account already because confident already with my skills and strategy ability. -
forex business is to those who has proper knowledge, skills and experience. this business is not a place to those who has no knowledge but expect to be rich as fast as possible. newbies and professionals are just terms which describe traders ability and knowledge in trading.
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I don't know whether such facility exist or not. as I know, traders require to open position manually if they are want to get profit from forex market. which mean, they should open position manually. however, traders can trade automatic by use robot. some of them designed to entry automatically when signals appear.
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Question for those who dont apply stop loss?
standart replied to yogeshwartyagi's topic in Forex Newbies
use stop loss or not basically depend on traders strategy. when they think thats enough by use cut loss method, they'll not use stop loss since they can monitoring the trades and won't let the loss going to worst. while if traders not always stay to monitoring trades, they'll use stop loss to cut the loss in automatic way. -
there are scammer exist who tried to take advantage from traders confusion regarding with how to make stable profit. they are selling fake EA or trading system which give promises that EA or trading system will generate profit. even huge amount in short period of time. before traders decide to buy such product, better they are search reference and ask other traders regarding with the product.
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Should I put a lot of indicators on my trading chart?
standart replied to flybiz08's topic in Forex Newbies
well, 2 or some indicators necessary to select valid signals. traders can use one indicators only to guide them to analyze and select entry signals because it could be repaint or lagging. use multiple indicators enabling traders to filter early signal which potentially, will be repaint and generate loss to traders. -
this hyip site offering 10% after 1 day which technically, including high. if investors spend $10, profit is $1 after a day. though seems profitable, basically the plan doesn't support the site to maintain paying for long period. if consider to make invest, better keep spend minimum amount only and probably, conduct hit and run.
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the site script installed with ddos and ssl protection already. which make transaction and login activity being secure. some hyip monitor site give support by make invest. it make total deposited money increase very high. just for 2 days, hyip successfully collect more than $9000 total money deposited.