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Forex and its earning
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nasrul_poyo

Member Since Sep 11, 2017  124 posts Nasrul (nasrul_poyo) Apr 11 2018 at 13:46
If you read, most of the books stated that using the simple trading method also can make money. The key to success in money management. But, how many of us can do that? I also don't have much patience too see my account slowly gain. Thats why so many of us taking high risk so that we can become billionaire much faster. Indeed, no one become billionaire in a short time period. haha

fxsc1lper

Member Since Nov 17, 2012  338 posts Fx Scalper (fxsc1lper) Apr 11 2018 at 13:48
according to me , u just need to find a profitable strategy , rest things can be polish automatically :)

skype id millennium.analyst
mlawson71

Member Since Dec 11, 2015  1487 posts mlawson71 Apr 12 2018 at 06:26
fxsc1lper posted:
according to me , u just need to find a profitable strategy , rest things can be polish automatically :)


What advice would you give about how to find such a strategy? There are many strategies out there.

Mohammadi

Member Since Aug 11, 2017  758 posts Mohammadi Apr 12 2018 at 06:40
for ensuring the successful trading life with certainly first of all it is more important to acquire exact trading skill by learning. On the other hand , despite of good trading knowledge that’s not possible at all to lead a comfortable trading life with certainly without having a reliable support from a credible trading platform, because the broker can affects the result of our trading with certainly.

nasrul_poyo

Member Since Sep 11, 2017  124 posts Nasrul (nasrul_poyo) Apr 12 2018 at 06:51
SMA 200 also very profitable strategy bro.

fxsc1lper

Member Since Nov 17, 2012  338 posts Fx Scalper (fxsc1lper) Apr 12 2018 at 08:49
mlawson71 posted:
fxsc1lper posted:
according to me , u just need to find a profitable strategy , rest things can be polish automatically :)


What advice would you give about how to find such a strategy? There are many strategies out there.


find a strategy which have 1:1 risk reward , and accuracy 70-80 %

if u want to test your strategy new or existing , back test it for long time with honesty ( With SL and with TP , proper entry rule)

atleast 500 trades test and that will tell u how much your strategy is accurate , if fail in 500 trades then move to next strategy and so on ,
2nd find a strategy with risk 1 reward 2/3 then 50 % accuracy is still considerable , and if u can find or make a strategy with 1:2 RR and can give u accuracy upto 80 % then nobody can stop u to make millionaire :)


skype id millennium.analyst
Mohammadi

Member Since Aug 11, 2017  758 posts Mohammadi Apr 15 2018 at 05:52
For keeping survive in this volatile trading place confident is needed but overconfident is will harmful , sometimes because overconfident then leading trader greedy in trades, and dare to take risk in trading which actually the market very dynamic and not always after trade open trades then will directly get profit.

Sky44

Member Since Apr 16, 2018  9 posts Sky44 Apr 16 2018 at 11:51
over confidence can kill an account in a only a few days when the market turns

mlawson71

Member Since Dec 11, 2015  1487 posts mlawson71 Apr 16 2018 at 14:25
Sky44 posted:
over confidence can kill an account in a only a few days when the market turns


I wholeheartedly agree. But I think that most people suffer from lack of confidence, rather than overconfidence.

Mohammadi

Member Since Aug 11, 2017  758 posts Mohammadi Apr 23 2018 at 06:53
The newcomers first of all have to focus on learning process before earning. Baby pips school can be a great source to learn Forex as a newcomer which always ensures exclusive educational materials with essential terms and conditions. and don’t move a live account without practicing demo account at all.

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EURUSD 1.1629 GBPUSD 1.27426
USDJPY 105.552 USDCAD 1.33866

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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.