bluemac

On 5/9/2025 at 4:35 AM, usok said:

binance has been on and off here in the PH, regulations and what not, mostly political pressure, but its a good thing broker like lmfx offer crypto exchage and recently integrating their own token into the mix, they have this traderspot going on starting at 100k lmgx which is a first of its kind. im excited to see how it goes. 

This traderpot is increasing in value, i don't know how long will this promotion last! Good for the forex traders in my opinion.

Depends on how much risk we can take, scalpers and news traders usually have high risk averse and also experienced to hedge against the market therefore, new traders should instead try to avoid trading during news or high volatile market conditions. 

The real profitable traders have two things in common, one is they have focus and the second is discipline which means sticking to their plan.

There are also some digital tokens like $lmgx which can be collected at cheaper prices and can hold for future to sell it on higher prices. The point is simple that the earning money is not limited to mining only. We can trade assets on forex brokers, buy or sell the spot cypto and can buy some digital assets directly from their ico phase beside the mining operations. 

We can expect anything in this trading world especially when it comes to digital assets since the new era being revolutionized by the digital currencies and everyone now is able to transfer millions of funds from one place to another within minutes using the digital currencies in a simple manner without involving banks of other intermediaries. So in short, i guess that this might change or replace the gold too in future.

It is actually better than trading a simple demo account because it at least give you an option to win prize money beside back testing or trading the real market conditions using a demo.

Miners consume electricity and other resources too while i guess this may inefficient now however trading is more lucrative these days to make more money within no time. I also noticed that many brokers like hfm now allowing btc cfd trading.

Monetary prizes are also boost morale and helps trading with more confidence in my opinion.

Scalpers only wait for the right time to make their profits as the market moves sharply including volatility on news release. This broker allows trading during the news release.

I think it might become a rare element like diamond or gold however it is just my assumption but maybe it comes true.

The newcommers lose money because they come with a mindset of becoming rich right over the night after joining this industry. They do not cater trading as a business and treat it like casino to push buttons to make money.

I guess the forex trading is better than the binary option trading in my opinion.

I see with binance and coinbase evolution, there are many brokers like lmfx who started offering spot digital currency trading and some like hfm also offer bitcoin cfd trading too.

We need to check the broker which is regulated and also have some positive reputation in the market besides other factors.

We can buy bitcoin on the sites like binance, crypto.lmfx etc however we can trade them on many forex brokers like hfm, xm, exness, lmfx etc. 

I have assumed so far that there is nothing free in this world however the only way to make money is to learn trading and invest in it which can yield guaranteed results rather than investing money or time on any other venture.

Education is a must have in trading and i also have noticed that most of the brokers like hfm etc are investing in traders' educational awareness programs as well.

Limit orders are good however when it is much needed i also use market orders to buy or sell if necessary.

The traders job is to manage all the risks associated with their trade enteries and exit in profits.

On 2/3/2025 at 11:39 PM, binaryowner said:

Guys have you been successful with their demo tournaments? Anybody won their prize and managed to complete turnover and withdraw? Looking for honest feedback about this

The statistics on their website has good number of traders with much handsome trading results which shows traders interests in demo trading tournaments in my opinion.

Similar to the trailing stops we can also exit through taking out partials and closing the risks associated with our trades.

Webinars can only be good if we implement those learning in to practical and use a demo account to clear out any confusions related to any tips provided by the industry experts.

The main features which should be emphasized more than any other factor is to see if the exchange have enough liquidity and ability to process withdrawals timely. 

Agreed with the seasonality since they matters a lot if we consider them during trading any underlying assets.

On 5/2/2024 at 9:20 AM, Caoln said:

Forex brokers are almost all market makers

I can't say that every broker is a market maker which trade against us however they provide us with all the required technology needed for initiating trades and make money so it is up to us to verify the broker and test them before depositing any money with them. This can be easily done downloading their demo account for testing the processes since demo accounts are given for free by the brokers.