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Posts posted by uncle gober
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Yes, it's very important to learn the basic of forex trading because we will use basics of forex trading as long as we trade in forex trading. If we dont understand what the basics of forex trading, we will not be able to trade well in forex trading.
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Hedging is a strategy where we can open a new open buy and sell orders (or to simultaneously) in the same currency without closing one position. This technique is used to lock a position that was having a floating minus.
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Yes, we should invest our money and our time in forex. But, firstly, we should invest our time to learn and make practice. Because in forex trading, we need skills and we should have knowledge to be able to maximize our trading capital. We can take advantages video tutorials to learn about forex trading.
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From having good practice we can also learn how to manage our money and risk and how one should trade with having patience and with discipline.
Right, we must be patient and discipline when trading. We must learn to discipline ourselves since we use demo account to learn forex trading. Maximize demo account as well as possible because what we have learn in demo account, will be useful when we use real account when trading.
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I appreciate your positive spirit as this brings you success. many newbie get frustrated soon and start thinking of leaving forex but one must keep positive thought and must try one more time before quieting.
Thank you. I believe as long as we wanna try and effort, we will be able to get maximal result. Learn from experience, i also do it to make my trading skills be better. I also learn from Trader of The Month experience. Learning from other trader will improve our knowledge and we weill get valuable lesson.
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I think every newbie must try every that strategy through which they get chance to improve themselves and enhance their knowledge whether through practicing from demo account or from demo contest as both gives us some experience that help us in future.
Demo contest or demo trading is good place for traders to learn and it's also good to test trading strategy. I just maximize demo account to trade because Armada Markets doesnt hold demo contest. But Trader of The Month can be maximize to hone our trading skills further more using real account. And the lucky one will get $500 from this broker
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I do not when i feel that i'm professional trader but my goal in forex trading is get maximal result and consistently. I'm trying now with my trading account in Armada Markets and by maximize the lowest spread.
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Use too many indicator will make us confused. i just use one indicator to trade with Armada Markets. I try to maximize it , surely i also improve my trading skills to make more maximal profit, try to discipline when trading.
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I think both are good, it depends on person to person how well they are doing.. but yes if took a survey on this, then i guess we get people investing in forex more than stock.
Yes, the most important is we have the knolwedge. Either forex and stock have own advantages. Because i'm trading in forex, i try to advantages of forex trading advantages. I used demo account to learn in forex trading.
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With balance $100, then become $700 in 5 days is very impossible...
I'm not sure it could be...
Those balance is very small to gain $700..
It's so hard...
Yes, i think so, especially if we are new in forex trading.. I dont wanna make big target, the most important is i can get maximal profit consistently. Try to discipline when trading using money management.
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Forex trading can be done by any one, including women. The most important is we should have knowledge and skills before we trade in forex trading. Forex trading is also flexible business and it can be done any time we want, as long as our emotions are controlled.
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It's good idea. Forex trading can change our life. Forex trading does not just change our finances for the better (for those who can trade well), but also psychological and way of thinking will change. I also feel it and now i'm trying to make my trading be more better, keep using good money management with discipline
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And the low spread really support us to maximize our trading result. I also get the lowes spread in my broker, Armada Markets. Have you tried using this broker to trade?
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We must choose regulated broker which guarantee their clients fund. We also make sure that broker give convenient service for us so we can feel comfort when trading. We can find a good forex broker recommendations from various sources, but it is better to try the performance of the server with the usual free account offered by the broker, like 15 EUR from Armada Market before we trading using our own money.
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Step 2. Choose a broker with whom you feel comfortable but also one who offers a trading platform that is appropriate for your style of trading.It is important to choose a broker who offers a trading platform that will allow you to do the analysis you require. Choosing a reputable broker is of paramount importance and spending time researching the differences between brokers will be very helpful. You must know each broker's policies and how he or she goes about making a market. For example, trading in the over-the-counter market or spot market is different from trading the exchange-driven markets. In choosing a broker, it is important to read the broker documentation. Know your broker's policies. Also make sure that your broker's trading platform is suitable for the analysis you want to do. For example, if you like to trade off of Fibonacci numbers, be sure the broker's platform can draw Fibonacci lines. A good broker with a poor platform, or a good platform with a poor broker, can be a problem. Make sure you get the best of both. (For related reading, see How To Pay Your Forex Broker.)
Yes, broker also have important role for traders to get success in forex. The primary qualities you should look for when picking a broker:
- Transparency
- Jurisdiction
- Security of Funds
- Execution Model
- Systems reliability
- Transparency
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We should understand ourselves. if we dont feel good to trade, dont force ourselves to trade because it will make us cant get maximal result, even our account will get margin call.
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No I haven't thought it and I don't think so that I would ever thought this until I try lot and loose hope. Right now I'm trying to learning lot and also I'm making profit so for me I'm not in a mood of quieting forex.
yes, and as a trader, we should never give up if we wanna be successful trader in forex. If we gave up after a loss then we will never feel the success in trading. Almost all traders ever suffered losses, and many of them give up, but not a few who continue to develop the skills and find the best strategies to be able to earn profit and minimize risk, and then reaping the rewards of trading forex.
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For the first time, surely we dont have any experience. That's why there is demo account that we can use to start trading in forex and get experience. Beside that, we should learn from other trader experience, i'm sure it will help us. I also learn experience from Trader of The Month
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Greed is very harmful for trader. We should control it if we dont want to lose our money in forex trading. Try to thankful for what we have get today. Improve our trading skills if we want to get more maximal result. Lets be Trader of The Month in Armada Markets, discipline when trading with our money management, risk management.
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Money management is very important. Without good money management and good application, we can not maximize our capital in forex trading. Try to hone our money management skill using minimal amount, such as welcome bonus from Armada Markets.
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forex trading is not gambling, because we need knowledge and skill here. We have to understand of forex market to make right analysis and get maximal profit. As a trader, we also must maximize what have been provided by our broker. I also try to take advantages of trading conditions in Armada Markets.
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I really enjoy forex as a learner and a trader as well. by forex my knowledge regarding world economy have also enhanced so i like forex as this helps to be in touch with rest of the world and earn good profit.
So do i, i'm learner too because we must keep learning as long as we trade in forex, especially our experience. It will help us to be better trader. And if we improve our trading skills, we will get better result from time to time. I also try to take part to be Trader of The Month in Armada Markets to hone our trading skill.
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agree with all your points..also we need to have learn from our mistakes as it is rightly said our mistakes are ou great teacher.
Exactly, learn from our mistake will make us get valuable lesson and if we have know what our mistake, we should fix it then we will get the best result in forex trading. And by using no deposit bonus, like 15 EUR from armada Markets, we also will get trading experience too.
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getting emotion will not work in trading as because of this we not able to focus properly and get wrong which leads to suffer loss.
if we are not able to control your emotions when trading, we certainly would not focus when trading and it will make us cant get maximal result in forex trading. Emotions should be controlled. We can utilized no deposit bonus to learn controlling our emotion. Let's use 15 EUR welcome bonus too
Can no deposit free money help you achieve success on forex ?
in General Forex Discussions
Posted · Edited by uncle gober
true, forex business is not as simple as people think. therefore obliged traders continued to increase discipline, patience and the ability to trading. well to test the trading method. Armada Market give 15 EUR welcome bonus to every trader and 25 EUR deposit Bonus