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Posts posted by uncle gober
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New trader must have a good knowledge about trading, current scenario, fundametal analysis to stat trade. if anyone not having suffecient knowledge then he cannot even think of profit.
Of course, we should have knowledge to be able to trade in forex. We can use various sources to learn forex trading, such as forex forums, social network, even there are video tutorials are provided by broker. Armada Markets also provide it to help beginner understand further more about forex trading.
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I just use leverage 1:500 to trade in forex and it's maximal leverage from Armada Markets. But i can trade with low spread starting from 0.0 pips and it's really make me feel comfort when trading. The most important is we must be discipline when trading so we can get maximal result, regardless leverage we use
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I try to not trade with ego, try to control my emotion. Emotion should be controlled when trading. We cant trade with emotion because it's harmful for our account, even we can get margin call. Always take the positive side if we face bad situation, it will make us can solve the problem correctly.
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We must use our money to trade in forex. Because if we just depend on welcome bonus such as 15 EUR from Armada Markets, it will not be efective for us to get maximal result. but from trading experience that we can get from trading using welcome bonus also will be useful to maximize our trading result.
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Of course, and the most important in forex is that forex business will not go bankrupt, because it involves the interests of the countries in the world. Therefore, many people invest money in this business.
Right, forex trading is more popular right now, even there are students who are trading in forex too. Forex trading can be done by any one but not all traders can survive in forex trading. Traders who have have a willingness to continue to learn and improve yourself to be able to survive in forex
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discipline is needed by a trader. but each time, a trader can make a wrong analysis so as to make the risk. therefore, insurance is highly beneficial to traders
Yes and discipline is key to success in forex trading. If we still making wrong analysis, we should take time to make evaluation so we can know what our mistakes. Without insurance program, traders must be able to minimize the risk, try to take advantages what have been provided by broker to maximize our result. I try to maximize low spread from Armada Markets.
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Agree with orni308 if one has not very good knowledge and experience then he must take trading as a part time work because as to totally depend on trading is not easy it requires great knowledge and understanding.
they must learn regularly to get knowledge and understand well this business. And i agree with you. if we do not have good knowledge and good skill, we can not trade well in forex and we also will not earn money in forex trading. I think before we trade in forex, we should use demo account first to learn and hone our trading skills, get the basics of trading. Then test our psychology using no deposit bonus, you also can use 15 EUR welcome bonus to start trading with real account and try trading conditions from this broker.
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each broker has a different way of promotion. But, it all depends on the trader himself. I still love the no deposit accounts. as in www.fbs.com. because free accounts can help new traders
Of course, each broker has different way to make their trader feel comfort when trading. And free capital can give advantages for trader who can maximize it well. Armada Markets also give free capital, although only 15 EUR, but it's very helpful for trader who wanna start trading with them
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Yes, being a professional is must!! forex is a place where we can't trade emotionally we have to be professional and take our decision accordingly.
Of course, we cant trade with emotion in forex trading. We must be able to control ourselves if we wanna be successful trader in forex. If we trade with emotion, we will get margin call, not maximal profit. We must be discipline when trading, try to keep using good money management
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So far, i never won trading contest. I'm still trying to be Trader of The Month in Armada Markets, because to get highest balance with good money management and risk management skills is not an easy thing. But it does not mean that i can not be Trader of The Month. If other traders can do it, i also can do.
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Yes, I love forex because forex trading can change my life. I also try to love what i'm doing. Because it can make us feel more enjoy when undergo. I love forex because there are also many benefits that i can get from forex trading, like high liquidity, 24 hours markets, and more. Even, i also love my broker which offer lowest spread ever i got in forex trading.
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Exactly, forex trade can be a good business for those who have passion to trade, for them it is a good choice to earn...
Right, forex trading can be a good business if we can do it well. We wanna continue to learn and improve our trading skill. It will make us get more maximal profit, even get it consistently.
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NO word "success without analysis"
The right one is "Success using analysis" or "Unsuccess without analysis"
Yes, if we trade in forex trading without making analysis, it's same with gambling. We will not get consistent profit in forex. Beside analysis, we must have good skill in managing money and controlling ourselves.
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forex business is full of risks. We can not get maximum profit if we are still emotional. Because emotions can have a negative effect for our trading. Moreover, with our emotions will not get profit but loss. So we have to be quiet while trading. That way, we can get the maximum profit.
Of course, maximal profit cant be gotten if we trade with emotion.We must be able to control our emotion, try to discipline when trading. I'm sure we can get maximal profit like Mr Abdul "Trader of The Month" in Armada Markets.
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Those are very helpful tips for trader. We can learn using demo account first. I think it's good step. Demo account is good place to get basics of trading that we will use as long as we trade in forex. And i think there's no harm if we use no deposit bonus to learn too.
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But not all brokers provide free equity. For me, the presence or absence of free capital was not a problem. I actually feel more comfortable trading with their own capital. Because this will make us be more responsible for our trading. And also can test our trading strategy. I've felt comfortable trading in instaforex. With just $ 1, we can open the account.
Right, not all brokers provide fee capital to their clients. But i'm sure brokers have their own way to make traders are interested to use it. Fortunately, if we wanna try trading with Armada Markets, we can use their welcome bonus and we can feel trading with the lowest spread.
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We must control our emotion when trading because if we cant control it, we will not success in forex. We need to be discipline when trading. Many traders failed in forex trading because they cant control themselves. They cant be discipline when trading. We must learn from their experience. We also can learn from the winner Trader of The Month in Armada Markets.
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learn and practice is needed in the forex business. included in the minimum amount of investment. Minimum investment in the forex business depends on the financial ability of the traders themselves. I recommend to open an account gradually, starting from the no deposit account ( $5 ), micro account, then the standard and so on. so that losses can be minimized.
Yes, with minimum invest, we can trade with real account. Try to maximize leverage which have been provided by broker so can get maximal result. We also can use no deposit bonus such as 15 EUR welcome bonus from Armada Markets. We can get maximal result if we can maximize the best trading condition with the lowest spread
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My first teacher was a friend who teaches how to trade. after that, there is a free account with no deposit offers from FBS so that I can feel in real trading.
Did you use it to start trading with real account?
I also used free capital from armada markets to start trading in forex using real account, using this bonus, i can feel trading with lowest spread. And it's very make me feel comfort when trading.
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novice traders can take advantage of no deposit accounts as an initial step to enter the actual forex business. in no deposit account, traders learn to be patient achieve a profit by setting the used lot. same as in the actual trade with the larger amount of the deposit. every trader still must be patient in order to minimize the risk of profit earned if early predictions wrong. for it, FBS provides free account $ 5
Yes, there are many benefits that we can take from welcome bonus. There are some brokers which offer this bonus, include Armada Markets with 15 EUR. And as a trader, we should utilize it well. We can test broker too. Try to trade with lowest spread in Armada Markets using 15 EUR welcome bonus.
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yes we can if we want to try and effort. We will get the best result if we also do the best. We must improve our trading skills to get more maximal result and make it consistently. And discipline when trading is very important because if we have good strategy, good money management, if we are not discipline, those will be useless. There are some traders who have been successful trader in forex. If they can, we also can do it.
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I think $100 is minimum amount that should be had by trader in their trading account. And i make deposit in Armada Market. Armada Markets also offers special deposit bonus. Anybody who deposits funds of at least 100 USD (EUR or GBP) will receive a one-time 15 USD (EUR or GBP) bonus from us. Codeword is: NFP. Campaign is valid until 30th of September and one client can get one bonus only.
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As a trader, we should discipline when trading because it's the key for us to get success in forex trading. To be discipline trader is not easy but we must effort because if we have good strategy, good money management, if we are not discipline, those will be useless.
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I dont think so, forex trading is not a money making machine. We need process to be able to make money in forex. We need knowledge and skills, that's why we should invest our time to learn and make practice. Demo account can help us to make practice before we trade using real account. And if we have understand, i think we also should use real account to test our psychology. We can use welcome bonus such as 15 EUR are given by Armada Markets if we dont want to spend money to test our psychology
What Is The Key To Success In Forex?
in General Forex Discussions
Posted