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Forex and its earning
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michaelbai

Member Since Oct 26, 2015  32 posts Michael Bai (michaelbai) Apr 26 2018 at 10:08
Sky44 posted:
over confidence can kill an account in a only a few days when the market turns


days? shoot can be milliseconds for some. On the under-confident side you'll get market vengeance seekers and those chasing the market. The key is to keep yourself as robotic as possible, especially when it comes to ego.

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Mohammadi

Member Since Aug 11, 2017  788 posts Mohammadi Apr 26 2018 at 10:40
in spite of practicing trading can be useless if there is no reliable support from a credible trading broker , because the broker always can affects the result of our trading with certainly.

mlawson71

Member Since Dec 11, 2015  1487 posts mlawson71 May 01 2018 at 06:14
Mohammadi posted:
in spite of practicing trading can be useless if there is no reliable support from a credible trading broker , because the broker always can affects the result of our trading with certainly.


True. Which regulators would you recommend?

michaelbai

Member Since Oct 26, 2015  32 posts Michael Bai (michaelbai) May 02 2018 at 14:42
mlawson71 posted:
Mohammadi posted:
in spite of practicing trading can be useless if there is no reliable support from a credible trading broker , because the broker always can affects the result of our trading with certainly.


True. Which regulators would you recommend?


Depends where you are from, what kind of offers you want/dont want, and level of 'unknown' risks you are willing to accept. Understand how regulators work in the international environment is a big step. Some dont offer protection for citizens/residents outside the regulating country, some will only allow you to submit a case in person and you msut attend the legal preceedings (can be costly if that country is the other side of the globe, and so on. Its really a key to understand how the regulators work both for the client side and broker side to make the choice thats best for you.

Cysec and FCA check out youtube 'BBC Documentary IronFX' is a good place to start in understanding that combination of regulators.

for NFA based check out the Famous FXCM that was even listed on NYSE. https://www.zerohedge.com/news/2017-02-06/alert-largest-us-forex-broker-fxcm-shut-down-and-permanently-banned-nfa you can also check out at how their Asia business dealings differ form thsoe inside USA boarders.

What some of my experienced clients do when first registering with my broker is they test the deposit and WD systems and ask alot of specific questions that require a definite YES or NO response to reduce the 'grey area'.

With all that being said...i have clients that love running Arbi/HFT EAs with low regulated brokers (regulated from some group of islands, tax havens, etc) because they know how to use the broker's greed against them, but they do run into times they jsut flat cant WD money out. These kind of EAs typically dont work on more regulated environments so their same strategy doesn't work on all regulated brokers.

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Mohammadi

Member Since Aug 11, 2017  788 posts Mohammadi May 03 2018 at 06:30
According to me, in Forex trading If you can be more disciplined from beginners level , of course within very short time the maximal result will come out and there is no way to quite Forex. Because, due to lacking of discipline by and large traders become loser form this trading place.

BaldoN

Member Since Feb 12, 2016  522 posts Baldo (BaldoN) May 03 2018 at 13:57
Discipline is important, but it is not all. The success is a complex of different approaches :)

togr

Member Since Feb 22, 2011  4838 posts vontogr (togr) May 03 2018 at 14:49
I would say long term income could be around 5%/mo.
Short term accounts can make even 20+ % but how long will they last?

Mohammadi

Member Since Aug 11, 2017  788 posts Mohammadi May 06 2018 at 06:50
generally we think for beginners minimum $500 is more appropriate , but it can be useless if there is no money management with accurate trading strategy. so, we have to develop our trading strategies , if we want to get maximal result by means of minimum investments.

Fight4noob

Member Since Apr 04, 2018  7 posts Fight4noob May 07 2018 at 11:07
MM is very important but if too tight then making high percentage monthly gains is impossible

BaldoN

Member Since Feb 12, 2016  522 posts Baldo (BaldoN) May 10 2018 at 13:17
togr posted:
I would say long term income could be around 5%/mo.
Short term accounts can make even 20+ % but how long will they last?


Completely agree. If we have a look over some huge investment companies and funds, they are proud when reaches a few percentage on annual basis.

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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.