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uncle gober

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Posts posted by uncle gober

  1. Actually, It's fact that Forex is very risky kind of business. But, although I really think that it can be a main job for us. If we use good stratergies and trade with exotic currency than it's truly profitable for us.

    Yep, this is a very risky business, but I am sure we can make forex for living. I think forex isn't a quick way to make money. But yes we can make money from this business. Making money trading is never easy…But without a sound trading methodology, it can be virtually impossible.

  2. You can learn about forex trading from any source, like forex forum or forex website but to be able generate profit from forex you need more than knowledge about forex, you need to exeperience in forex, you can use demo account to your first trade. Demo accounts are very good for the introduction of trading, both systems; trading discipline or money management. But a trader must know that a demo account is very different from a live account (will be better to informed the advantage and disadvantage before suggesting the use of a demo account for new traders), after the introduction, use the real account will become the best advice to better train the ability to trade, you should use a micro account first before using more money before we actually were able to manage risk with a micro account.

  3. Making Consistently Profit in Forex?

    Try this step :
    1) Focus on trading, not just on making money
    2) Learn that NOT trading is part of the game (Being out of a trade is a position)
    3) Become organized and disciplined
    4) Take a longer-term view of what “success” means
    5) Develop a strict daily trading routine to develop positive trading habits

  4. Forex is a high risk business, but there's possible that we can make money from forex, as we know a lot of people interested and try to this business, and forex not just for wealthy people, anyone can do it, we just have to know how to minimize the risk, first we have to learn more about forex, make practice using demo account until you find the fit strategy that make your trade gain some profit, with more knowledge and experience we able to make profit, just keep learning, practicing and discipline to your strategy and don't forget to use money management.

    With all the skill, we can make trading forex as our main job.

  5. Invest your time first before you invest your money in forex. Make sure you have educate yourself with a lot of practice.
    Forex is a high risk and high reward business. We can not only put our money in our trading account and it grow it self, but we need to trade with that. And forex trading not only buy or sell, but need much more than that. We have to understand the forex market, we need a good well known the forex system, we also need a good handling our emotions in forex trading.

  6. I agree, not all traders get profit when using the no deposit free account. but the losses will be even greater if the trader directly using its own funds, because of the presence of free no deposit account can give an idea to the trader about his ability when using its own funds

    We can minimize the losses incurred by trading using a micro account, even this once we have a sound basis, having enough knowledge about forex and experienced enough despite only using a demo account. Without a sound basis, trading using real account gives a much greater risk.

  7. We all know any bonus or promotion of a broker always include certain rules, it would be better if we take our time to read and understand the meaning first before taking bonuses or promotions offered broker. In addition to getting more exercise or try performance of the broker, no deposit bonuses ist better than trading using our own money before we really ready to put our own money in the risk.

  8. And that is why, more and more traders on forex. Forex trading became popular among binis the community, but also there are those who think forex is like gambling. I think people still equate this forex like a gambling because of their lack of knowledge and because they do not want to learn the business more details as to what. They only get to see how easy it is to make a profit, just click "buy" and "sell". Though not as easy as that. We need knowledge and skills to be able to get profit.

    I think forex is not one of the gambling business, because in forex we not only speculative but we are required to be able to analyze the market and the market movement chart, traders who rely only speculative will never succeed in this business. We need more experience and knowledge in forex to get a better result. So, it's not game as well.

  9. It would be very convenient if we have found a broker that provides maximum service while also according to our trading strategy. The thing I like about my broker I can get additional trading capital from their forums.

    We have each other's views in the selection of brokers, the important thing is we can focus on our trading without having to worry with the broker that we have chosen.

  10. True, if we choose the wrong brokers we are just going to face losses, as every trader has the different trading styles you should choose a broker who creates realistic support for our trading style. Like a trader who likes scalping, it would be better if you choose a broker that offers low spreads, no requotes and allows us to keep trading in periods of high volatility or when breaking news.

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