bluemac
-
Posts
188 -
Joined
-
Last visited
Recent Profile Visitors
2894 profile views
bluemac's Achievements
-
The traders are well versed in managing all the associated risks with their trading and thats why both risk and money management is important to learn.
-
is there any trader here getting rich?
bluemac replied to 4051fx's topic in General Discussions and Lounge
Trading does not promise riches right over the night yet if we learn the skills we can make good money enough to support our dreams and does not have the worry finding work and payouts to rely any further. -
Write in a little more details please, are you talking about the institutional order flow or something else? Please specify!
-
I have heard that the winners of these contests receive trading credits instead of real cash, what is the reason behind?
-
I can say better to check the repute since there are many bad examples of the past where even the regulated brokers turned into scam and never paid back to their traders.
-
Does it work with my hfm broker's trading platform?
-
Demo accounts are provided by the brokers like hfm, xm, lmfx, exness etc to test the processes before investing money with them, this is just another function of these demo accounts.
-
Nowadays we almost have everything for free on the internet we just have to properly search for it rather than paying for the things which are actually free.
-
Even we can do the right thing to withdraw profits leaving the necessary capital with our broker to stay on safe side.
-
Introduction To Online Forex Trading
bluemac replied to StefGrig's topic in General Forex Discussions
Demo accounts comes with their own benefits starting from testing any brokers processes without depositing money with them to back test any strategy before implementing it to the live account. -
There are many brokers like hfm contributing good webinars designed by the industry experts just for the sake of traders' education, i think these webinars might be good read too.
-
Taking up to 2% risk of the total capital is the industry standard however we should risk less than that and use a trade journal to review periodically and improvements.
-
Essential part of the risk management and churning with the possible probabilities to lose less and win more. This is yet another skill which is required for consistently profitable forex trading.
-
Introduction To Online Forex Trading
bluemac replied to StefGrig's topic in General Forex Discussions
I guess better going through some of your own research shortlisting a few brokers like hfm, xm, exness, lmfx etc and comparing them together to find out which one suits to our needs. -
I see the gold and bitcoin, to my surprise they both been touching the all time highs and not sure when they get dumped making a reasonable correction.