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omar-profits
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Everything posted by omar-profits
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Should I put a lot of indicators on my trading chart?
omar-profits replied to flybiz08's topic in Forex Newbies
actually i don't see any reason why putting a lot of indicators could help trader a lot compared when you don't put that much indicators. Just as i said before it will make the screen crowd and in the end it will make you harder to focus with your trading, it is enough to put one or two indicators at maximum. -
Yes, because you can find a lot of websites that listing almost complete terminologies, and I guess if you are already familiar with those terms and if you read it I am sure that it will be easier for you to understand that as you are already familiar. Well, if you really engage yourself in this business I am sure that it's not hard for you to familiarize yourself about different terms.
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In most cases, you are going to lose. They always say, failure is a stepping stone to success. A lot of times you may have to actually learn the hard way. One good way you can minimize your failures is by studying and learning about the market. When you learn about what influences the prices, you will have a better idea about when to trade.
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Yeah we should be controlling our emotions when doing forex.Though it is extremely difficult but yet we should try to control it especially when we get to lose funds.forex is good and that would be for those that would always be ready to solve the puzzle.
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Fixed or floating spread account?
omar-profits replied to boltushkin's topic in Forex General Discussion
I think Fixed account is best for someone who can bear the pain of trade in dealing desk market where you must fight against your own broker, while floating spread for someone who want to trade in the real market because floating spread broker offering a dynamic and reflecting the price movement thus make the spread dynamic too. -
actually Forex is all about using our mind and making a good analysis if we want to get something in forms of good profit from the market, we have to do our work part if we want to earn and we have to understand the way it works.
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My first knowledge about forex!
omar-profits replied to rockstar's topic in Forex General Discussion
I have now more than 5 years in forex and I can tell you that knowledge is the most important in forex trading , because by having knowledge will allow us to trade with the maximum. for that we need to have much knowledge of trading. joined forex forum will help us to improve the knowledge of trading well, so that we will be successful in forex trading -
Get free money for Forex trading
omar-profits replied to bloger90's topic in Forex General Discussion
I got some money from some forums and trade with this money but you can not withdraw the bonus you can withdraw the profits only and some brokers have difficult rules to make profits like scalping is not allowed or hedge trading- 148 replies
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well, I think Gangster and Forex world has connection but it is not a common knowledge, i know they are exist but not up to the surface, making it as secret as possible is the best solution and thanks for modern forex anonimity even a gangster can do forex.
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Why do we prefer the forex for the stock market
omar-profits replied to rockstar's topic in Forex General Discussion
Because We can really earn good amount of money in forex trading since we can increase our lot size and increase our leverage. Unlike in stocks trading that the leverage is almost none existing. And the best part in forex trading is you can do buy and sell. Unlike in stocks trading that you have some limitation if you going to do a short position. -
it is important because it's not just make a trader become better trader but it also helps them to sustain their trading. The good or positive effect for this is you will be able to trade relaxly compared to before and tension is less if you are able to do it.
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yes of course, Learning is the most important element in forex. if you would like to do better in forex, you must need to learn about forex clearly. without learning, it is quite impossible for you to do better in forex. so you should need to learn from the beginning of you forex trading and i believe that a forex trader is a learner for all times.
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for me I wish if I have 1 billion, but in fact Trading with Litle amount of money is also a good one for newbie ,because they wont have the skill as somebody that have been in trading for many years, so for newbie I will say having atleast 200$ in your trading ccount will help you achive something positively,if you know how to trade well
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How many lot size that you use in trading?
omar-profits replied to andry777's topic in Forex General Discussion
it depends on your capital ( amount deposited ) If you have small amount of money account then you can only using small lot size, but to increase how much lot size you are able to use you need what we called as leverage. It helps leveraging your account and make you able to afford higher lot size but of course with more risk. -
As long you know money management. Risk management and know how to read technical and fundamental analysis you will be in good hand and always earning in the end of the day. And that what important in forex trading. Those three that I mentioned. Because if you don't know one of them you will never going to earn.
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Online Forex Trading: Are You A Lion or a Cub?
omar-profits replied to asiaforexmentor's topic in Forex General Discussion
well, This is not really bad as far as I know am trading the forex market like a cub forex trading is very risky and at the same time I dont have much interest in something that will make me no good what I rather prefer to do is trading with a calm mind which make me a cube in forex. -
why many people see forex trade as gambling?
omar-profits replied to rockstar's topic in Forex General Discussion
Forex trading is not gambling because forex is not a guess work like gambling. The traders who are trading in the forex business will be able to make profit only if they are able to do the analysis of the trade very well. Trading in the forex business is different from gambling because gambling does not need you to do the analysis before you can be able to become a gambler. -
What the type of Deposit / Withdrawal that you like?
omar-profits replied to uncle gober's topic in Forex General Discussion
wire transfers became so difficult here in my country, they disabled transfers to and from forex brokers, so I use e-banks like skrill which is my favourite e-bank, e-banks are easy and safe and the most important thing is that it is faster than the wire transfers and credit cards -
yes of course it is in live account that the real thing happens and no matter how long we trade in Demo, it cannot guarantee any profit. Trading in the live account is the main reason everyone trades and the more reason there is losses too. It is the point that the main profit is decided.
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I usually use MT4 which offers alot of easy and good tools lik custom indicators and trailing stop.. etc. there are other form of trading platform actually, however, since beginning I am stick with meta trader platform, I am use it till today. has no willingness to change it with other platform.
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I Think Forex is Just Gambling , Do you?
omar-profits replied to kiranchandra's topic in Forex General Discussion
I wonder from who say forex trading is a form of gambling as for me I don't think that is true because in forex you earn from the ability of knowledge you where able to gather here and that is just what make forex market -
I agree, no doubt that forex risky. market move volatile and pressure on the both direction in chaos pattern. however, does not necessary to complicate ourselves with complex method. the best is being simple by trade according to the trend.
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Greed in Forex trading is very detrimental to the trader. For that we need to minimize trading greed by trying to trade using SL and TP. And trading psychology are well trained so that we can minimize greed
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RSI indicator... do you think it is the best ?
omar-profits replied to omar-profits's topic in Forex General Discussion
yes you are right, RSI is now favourited by alot of traders and that is what makes it popular and strong. but do you think it can be used only in the chart ? or it will be better if the trader use it beside other indicators ?