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standart
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Everything posted by standart
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I am use price action strategy in trading. so basically I am technical trader. however, I am also take attention with high impact news and follow the impact. because it could give me decent profit in trading. so, though I am technical trader, basically still consider that fundamental analysis is important.
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Online Forex Trading: Are You A Lion or a Cub?
standart replied to asiaforexmentor's topic in Forex General Discussion
well, we are hunt the profit. no doubt about it. however, the way we hunt in the market determine whether we end up with success or fail. if we are trade based on strategy and always discipline, we will trade according to the best trading opportunity only. but if we are have no strategy, probably we will end up with blindly trade. the result obviously far better when we trade based on strategy. -
scalping is kind of short term approach in trading where traders have high pips target per trade. with high margin, traders enough to search small pips target. however, this approach basically difficult and make traders frustrate easily because once they are get loss, will losing high. since they are risking high margin in trading.
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How do you trade the news in forex trading?
standart replied to asiaforexmentor's topic in Forex General Discussion
traders not necessary to pay attention with small impact and medium news. because it give small range movement impact only in price. if traders want to trade with news, and get decent profit, they should pay attention with high impact news. news such as NFP could give market range movement more than 100 pips. -
some brokers offering investment program which lead people to get profit though not trading. however, the profit will be small based on brokers regulation. or people can invest in PAMM account and let the traders manage their money. the profit rate based on agreement.
- 336 replies
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- long term forex trading
- risk in forex investment
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basically traders have chance to make trading for living. however, require high amount of capital to enabling them to get decent profit in trading. if traders have small capital only, make forex for living won't work because traders will get low profit only in trading. before traders quit from their main job and start career as full time trader, make sure that they are trading with high capital and sufficient skills.
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I think no difference between live and online forex mentor. both of them help traders to trading properly. when traders able to focus, they'll end up to become profitable as a trader faster. but if traders not focus in learning, they'll need to take longer period in order to become profitable trader.
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Want to know how brokers make profit from your loss ?
standart replied to abdulla1's topic in Forex Newbies
dealing desk brokers get profit from traders loss. even they are sometimes trade against traders positions. such brokers including bucket shop which have small capital to run the business. for traders safety, better if they are join not dealing desk brokers. such brokers usually regulated and set high minimum deposit. -
rather than traders focus in quantity, better for them to focus in quality. though traders can trade everyday, but I am sure not everyday market will allowing traders to make profit. if traders have specific strategy and following it strictly, they'll less to open order because trade based on good trading setup only.
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What do you think about free deposit from broker promotion?
standart replied to kaito kid's topic in Forex Newbies
many brokers give free deposit bonus in order to attract traders to join. however, free bonus amount not high usually. when traders have no good trading skills and strategy, they have no chance to make the small bonus to increase high. -
$3000 is pretty high. traders should search regulated forex brokers if want their fund safe. because they'll not turn to scam easily and run off traders capital. require high amount of fund to become regulated brokers and its make them to become safe place to traders spend money to invest.
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If traders willing to apply hedging in trading, they'll need to know that not all brokers accepting them to apply hedging. so, traders need to take research to figuring out whether the brokers allowing their trading method or not. if traders join a broker which not allowing their method, they'll not get payment though able to make profit.
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scalping is a method which require traders to risking high margin per trading. traders take advantage from volatility movement and they are set little target. however, it does not mean that they'll get little profit. because big lot size help them to get decent profit though it little in pips.
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Forex forum Do you think forex forums can improve my trading skills?
standart replied to flybiz08's topic in Forex Newbies
probably traders will learn about trading rules and what they should avoid from other traders. however, it does not mean that traders will understand right away and implement it in trading properly. require practice still to know about whether the theory or some set of rules work in trading. in my point of view, forums able to give knowledge, but real trading experience will make the skill improve.- 456 replies
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- importances
- added advantage
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Displayed Username : standart Amount To Request (DMT points) : 350 Payment option : Perfect Money Liberty Reserve ID : U5393299 Thanks to admin and mods.
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no easiness in making profit. every traders need to take learning and practice, before they are able to found the way to make trading become easy. traders will struggling between profit and loss and have no chance to make capital increase at initial phase. but with time passed and they are getting experienced, trading is not something too difficult anymore.
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luck has nothing to do with traders success. this business does not rely on luck to make good result. all depends on traders skills, knowledge and experience. its require learning and long hours practice to lead traders able to fulfill all requirement needed to become profitable.
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The Simplest Way to Earn in Forex
standart replied to smithlover84's topic in Forex General Discussion
many traders unable to see that actually, no shortcut available. however, its happen because they are newbies and have no experience to realize that forex require good analytical skill and not something that able to give them instant good result. because such things does not exist. -
greed is one of common mistake which lead traders to risking high capital in single trade. when traders get profit, they'll get profit indeed. but when they are loss, will losing high. no certainty in market and better traders manage the risk to make them keep last longer in trading.
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yes, forex is not easy business and probably, traders will need to take long period learning before they are able to end up become profitable. however, long learning is consequences and no one able to avoid it when they are willing to become success in this business.
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the most important is focus and observe the market. many traders sometimes only search trading system which give them trading signal only, without want to analyze the market. so, they are get nothing from their practice in demo account. and when they found that trading system doesn't work, they'll change it without spend effort to make previous system able to adapt with market.
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yes, the most important is skills and experience. everyone can success in this business as long as they are have requirement to conduct proper trades. when traders have good skills and experience, they can create good trading system which make them able to get profit consistently.
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I am always stick with 1:100 leverage ratio which enabling me to trade with 10 cent as smallest lot size. its due to I trade with small capital only. but even though my capital growing, I will use 1:100 leverage ratio still. I am just increase the lot size to get bigger profit per trade.
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when traders have small capital in trading account, better they are use 1:100 standard leverage ratio. which enabling them to trade with smallest lot size. traders can choose to use high leverage but it won't make them survive long when they are have small capital.
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the point is not let our loss worsen. we can't avoid loss in trading due to it is part of the business. where future market always uncertain and no method able to lead us make 100% correct prediction. when we are loss, we need to accept it and remain calm, to point out next trading opportunity.