bluemac

On 10/7/2017 at 8:31 AM, Natural Mess said:

Forex Trading is a very risky and thus we need to have more than one sources of income so that we could survive, when we lose a lot in Forex.

Even if it is a risky business, many successful traders live luxury life of their dreams just by earning money from forex trading.

Trading with EA requires monitoring because they are usually coded to follow the technical analysis so those who really wishes to go fully automated should read the EA manual before implementing them to live accounts.

In fact we all need a proper trade management plan and better stick to it if we wishes to become more good at trading forex.

Actually these brokers are in fact the trading partners providing all the relevant stuff for initiating trades in markets however broker selection is becoming really harder these days. I however suggest a few decent brokers like hotforex, xm, oanda, octa, lmfx etc which can be considered while choosing a right broker.

Is it the learn and earn demo contest where the winner also receive around 1000 uSD. I guess that is a good option for those who wish to learn and earn at the same time however i think that the competition might be tough too.

Yes the demo is free to test without depositing any amount with the broker and i guess it is very easy way to test any broker processes easily.

In short, broker is the one who facilitates us with all the required technologies to initiate trades in forex market.

At least i wont relate trading with gambling because we have to follow certain rules, doing analysis and making good conclusions based on such experience to earn money however if we make mistakes we will looses money in forex for sure. SO i think it isn't any gambling but a pure professional business which does not spare any mistakes.

Is this software works with MT4 as the broker which i am trading with is on MT4.

Bonuses can be good if you knew how to use them otherwise they can be tricky too on the other side and might be harder to reach at the required threshold to initiate withdrawals.

It could be a good initiative if the traders should do some research before choosing any broker, it is my opinion as well as a request to all the new traders who are desprately looking for broker recommendations.

On 15/06/2017 at 2:19 AM, ForexMartTrader said:

Forex trading is risky, just as any other trading in any other market.  The expected reward is likewise huge.  The risk in forex trading is aggravated by the fact that you generally trade a margin or leveraged account. The risks in forex trading can significantly be reduced when you trade with skills and experience.

Risky yet rewarding too in my opinion, we can take risks in order to get good returns on our investments.

Forex brokers are the one who supply us with the technology required to initiate trading, so better to choose the right broker or else we have a lot many examples in the past where many brokers turned into scam. Some reputed brokers to shortlist from are hotforex, fxprimaus, octa, lmfx etc.

I think we better stay away from all those silly promises which offers invites of getting being rich right over the night just after purchasing anything from them.

On 02/04/2017 at 0:53 PM, Justin Vaughan said:

If you are a forex trader, then you should make it a habit to read or browse foreign exchange books, which you can even get for free as part of a service package to the trader. Also you should go through all the headlines, especially those related to foreign exchange. See how these news and event have an impact on the charts. To become professional forex trader, TryMarkets will be the right choice for you.

 

The traders should make a habit of going to news related sites like investing.com, economies.com, bloomberg, economic calendars sites etc in order to be aware of the news release and their outcome on the forex underlying trading asset.

Forex is a very lucrative business however it is more professional business which requires no mistakes and a lot of practical knowledge in order to take your share from trading currencies. The good part is that we can learn the skills which are required in forex trading.

If you have bitcoin then you can trade it against USD on many exchanges, some brokers like hotforex have also started accepting  bitcoin as a payment deposit method so you can deposit it there and trade against other currencies to make good returns on your investments.

MQL5 is for coding EA i guess..!

On 03/01/2017 at 2:37 PM, Money Morkel said:

There are almost thousands Forex company in online retail market , so it is very difficult to find a right platform as most of them are found to be scams.  We can choose the regulated platform which always ensures security of funds at any investments with a wide range of trading technologies.

I better say stay away from those who offers silly promising invites of becoming rich right after investing with them.

On 25/01/2017 at 2:44 PM, Joy Bahadur said:

Learning is the foremost way to keep survives in this volatile trading place for a long time.  but I have seen according to my trading experience by and large traders in particularly the newcomers try to make money without learning and they fall a great loss when trading practically.  Now there are lots of source to learn FX in a proper way and almost all brokers make sure best trading environment for learning by providing exclusive education facilities with video tutorial videos.

I would agree with this statement as i have noticed many brokers that are facilitating everyone by providing quality webinars and other stuff which are absolutely free of any cost.

I see many emphasizing over trading a demo account before going to live trades, so this is must to observe the trading rules and give time to demo trading as it could be the biggest asset of any successful trader.

I didn't get your post please enlighten me more..! thanks

Demo account and demo contests are really helpful in my opinion, i still trade demo account on lmfx broker to test any strategy before implementing it to live accounts.

Binary option trading can be good to hedge against the forex trades but currently i am only stick with forex trading.

Forex Cycle --->> Managing stop losses > take profits > leverages & spreads > profits > withdrawals and so on..