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Posts posted by uncle gober
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I think thats depend on the traders discipline. Losing is a part of this business, so a trader should not get angry when they lose money. here is the point using good money management, so all measurable. When losing your money, all in the limits that have been estimated.
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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.
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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 -
With risks, forex is not the easiest way to make money, it takes a long process to be able to reap the rewards of forex. Having enough knowledge about forex and forex trading experience, we also need to be able to manage the high risks and master forex trading psychology to be able to enjoy this business.
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With the results of forex is very promising and the time running the business very flexible, of course forex is very challenging, because before satisfactory results can be achieved, we must be able to manage the risks.
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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.
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With all the facilities provided by Armada Market, my trading is much more comfortable and produce, so there's no reason for me not satisfied with the Armada Market. Especially now fleet provide $ 500 reward for traders who can produce a good profit with risk management and good money management skills.
Be Trader Of The Month and get the prize. -
A trader to be able generate profit should be able to manage the risk, because the risk in forex trading is high enough, the ability to manage risk is absolutely necessary. With this capability, it can be said quite safely investing in forex and the result is very promising
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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. -
As traders we must think positively, because it will affect our trading results, with positive thinking we would be able to always focus on our trading, and make the right analysis and decisions in every trade. So if your feeling is not good better to not trading for a while, trade with fun will give us a better result.
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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.
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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.
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I don't know who is Mario Singh, I learn forex from many source, there's a lot of article about forex in forex forum, blog or broker's website, we can maximize all the source to get more knowledge, then get more practice before we ready to trade using real account.
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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.
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Yes, knowledge and experience are very important in forex trading, without the knowledge and experience it's hard to us to minimize the risk of forex and earn extra income from this business.
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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.
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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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Not all states legalize forex, some states prohibit even though just a seminar about forex. In my country, it's just forex broker that we use must have permission from the relevant departments, if not licensed then our business is illegal activities.
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Forex trading is a business that is very challenging, due to the high risk of market movements are difficult to predict accurately and there is no strategy that can 100% assure profit without loss. But behind the challenge, the results of forex trading is very promising, it is easy to start and very flexible.
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That's right, forex is a big business in the world, because almost all aspects of life affect the forex world, whether economic, social, cultural and political. It can be said that the forex opportunities are also quite large.
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Since I am interested in online business I just glanced at forex trading, forex risk is quite high though but the results offered are also quite promising. At the moment I just need more practice and reproduce information about forex.
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Major currency pairs such as the EU and GU has more stability than cross currency pairs which have high volatility. If you are not the type of scalper, major currency pairs is recommended to minimize the risk.
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Just as there is no strategy is 100% profit, as well as traders, a trader sepengalaman any chance that he suffered a loss is still there, the movement of the forex market can not be predicted with precision and success depends on the traders themselves.
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But one thing to remember, that forex has a high risk. Without sufficient knowledge and experience forex will only make us lose a lot of money.
Can forex trading be a main job?
in General Forex Discussions
Posted
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.