venturefx

How to Choose a Forex Broker ? It's very simple. Don't choose.:)

Yeah don't trade, don't risk, don't live.

Or simply buy bitcoins and forget for 10 years. Something will happen then maybe you will pull winning lottery ticket.

Misfortunes will be dependable in Forex. Yet, I concur that they can be restricted and decreased in the event that you learn and pick up involvement. It is additionally critical not to lose your heart, and assume the misfortune as experience, not as a disappointment. Another trader should remember that earn profit isn't simple in forex trading and he ought to be rationally arranged to confront misfortune.

Yes we have to be always prepared for losses and you have to be psychologically invulnerable to bad periods of traders, but its really hard if you are unprepared trader.

In my opinion, the best way to learn about Forex Trading I to be a member of a live trading room and watch someone who actually makes real trades from real money accounts. This way you get to see him developing the trading process and also overcoming psychological barriers.

OR you can get in touch with successful traders and ask them trading advices, this was my key to trading success, I really saved a lot of times as was given with right direction what to learn and where to head for.

Hotforex, Tickmill these are brokers I tried to trade. Same 1:5 leverage, other conditions are also quite similar. Hotforex also supports BTC in/out, good for you if you don't want to deal with banks, their shitty commissions.

Good luck yo :)

How long have you been trading with them? From the onset of bitcoin CFDs?

Forex pairs trade in 1000, 10,000 and 100,000 units, called micro, mini and standard lots. When starting out in forex day trading it's recommended traders open a micro lot account. Trading micro lots allow for more flexibility so risk remains below 1% of the account on each trade. When the USD is listed second in the pair, as in the EUR/USD or AUD/USD, the value of the pip is fixed. If you hold a 1000 micro lot, each pip movement is worth $0.10. If you hold a 10,000 mini lot then each pip is worth $1.

Profit targets are also important to set because we need care equally about exit and entries

Forex pairs trade in 1000, 10,000 and 100,000 units, called micro, mini and standard lots. When starting out in forex day trading it's recommended traders open a micro lot account. Trading micro lots allow for more flexibility so risk remains below 1% of the account on each trade. When the USD is listed second in the pair, as in the EUR/USD or AUD/USD, the value of the pip is fixed. If you hold a 1000 micro lot, each pip movement is worth $0.10. If you hold a 10,000 mini lot then each pip is worth $1.

Profit targets are also important to set because we need care equally about exit and entries

Personally I steer clear from bonuses of any type, because its a part of marketing efforts and can only distract you from your trading plan and strategy.

Trade with your own money only and use don't buy into marketing too much :)

We just need right broker. I believe slippage can be horrible and I have faced it recently with ForexMart, as it was horrible for me with their service which made me lose a lot. So, it is absolutely vital that we avoid such broker.

Yeah they advertise low spreads but when trade during volatility their order fills are unpredictable :(. Couldn't figure out time when scalping is possible with them so after 3 months of tests moved on Hotforex zero spread account and it feels much better, although need more time to make sure they don't cheat too

Believe me, he is on his way to resignation. I am sure once the facts reveal themselves by Mueller's investigation,he would rather resign than be impeached. Taking the coward's way out as usual. The Orange Clown is even asking if it's possible for him to pardon himself. Go figure.

Russia collusion probe has been quietly abandoned, seems no proofs or facts that points on Russia impact on US president elections. Critics are angry while Trump moves through its biggest for decades tax reform! Simply can't believe that

Learning is very crucial to be successful in any business. If we are not good at learning then we will have a lot of issues and will struggle. It is not just learning how to trade but also about right broker and all that since it is only way to succeed.

What recommendations can you give traders on broker choice? Just want to hear different opinions maybe some unique advice will pop out. :D

Any individual who leaves this in the hands of fortunes or shot, winds up with nothing, since trading on the web isn't about good fortune, however it is tied in with anticipating the market and settling on right choices at correct minutes. Experienced traders utilize different techniques to make forecasts, for example, technical pointers and other valuable instruments. By the by, it is very troublesome for an amateur, on the grounds that there is an absence of training. That is the reason we draw out into the open different materials about the market.

Whatever philosophy you attempt to apply to your trading, mindset is not enough as forex is the place where your knowledge is tested. And true knowledge that really moves markets is hidden most of the times and quite unclear to discover.

Trading with dealing desk means your broker can manually intervene with your orders (i.e. add slippage, widen spreads, execute your position with cross-orders inside house).

ECN means aggregated liquidity from several providers, while STP means passing your order directly to prime brokerage grabbing spread markup.

Second is better because you have less chances to suffer from liquidity problems etc.

Hello. Please excuse me for my newbie question. I want to hedge my forex positions (i.e buy or sell ) with other financial instruments with no loss to my capital. Is it possible anyway ? How i can do this if this possible ? Thanks.

Yes you can do this with Forward contracts or with instruments that has high negative correlation with an instrument you can trade.

track correlation on at least 6 month history.

cheers.

depend on country where u reside.

u need to find an exchange that accept your local currency to purchase bitcoin.

 

https://localbitcoins.com/

Better to trade BTC CFDs and feel sure that your money is in safe place and in proper regulation.

:)

I think the millionaires have a smarter job than to reveal their secrets to us, so we are left to ourselves:)

Well depends on millions of what do you have. For example I have million ideas for trading and getting rich in my head, though putting them into practice is the hardest and most challenging part :)

News trading is very very risky.

Risky but extremely rewarding. Whipsaws are main enemy, I found solution for slippage but market manipulations or getting around with it is out of control

Hi to everyone! I'm a newer on Forex market and I need your help to find out is it truth or not?

Some brokers organize the actions with rewards like cars, golden bars or else.

How do you think, are this prizes real? Whould you take part in such actions? Or maybe, have you ever won any award??

Its all part of their marketing company and serves as a mean of competition. Sometimes they tend to be too generous handing out bonuses and organizing demo contests, so basically you can start trading without spending even a cent from your pocket.

I have a questions for professional traders. Did you lose a lot of money in the beginning of you trading? Or if you practice enough time on demo ang learn a lot, the losses may be minimal ?

Of course we all had evils days at the initial stages of our career. But what is important that mistakes is essential part of learning process, don't take them as you do something completely wrong, it just reveal your weak spots and allow you to work on them to avoid them in future.

I don't know why the author should trade on the news at all' date=' I think it's very risky idea first of all because of the high spread, second of all because of the market's unpredictable behaviour during the news.[/quote']

 

Spreads and execution is a part that a broker should deal with. News time give you a trading edge as you know precise time when the action starts, the problem is only to give it right interpretation.

Can I start trading with as little as 25 dollars?

You can start even with 5$. But chances of survival decline with as well as the prospective return you want to see from trading.