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New Forex Trader Here
May 27, 2019 at 10:54
Anggota Sejak Aug 11, 2017
886 pos
Actually how much we can earn our trading it depends on the markets movements. It’s not countable at all by our trading accounts. I was profitable when I started my live trading with 1K. but I did huge loss when I increased my balance in 2.5K but there was same strategies with same money management.
May 29, 2019 at 10:52
Anggota Sejak May 27, 2019
11 pos
Mohammadi posted:exactly, strategies are formed according to the market trend and often are improvised while trading, i myself have done it a thousand times.
Actually how much we can earn our trading it depends on the markets movements. It’s not countable at all by our trading accounts. I was profitable when I started my live trading with 1K. but I did huge loss when I increased my balance in 2.5K but there was same strategies with same money management.
Anggota Sejak Mar 03, 2019
57 pos
Nov 08, 2019 at 05:28
Anggota Sejak Oct 07, 2019
39 pos
Roberto21 posted:You said it right. Emotions are an inevitable part of life but can be overcome by practicing trading more and more.
from all reasons i think emotions is foremost , only due to emotions traders lost their temper and trade at random. only we can control emotions by practicing trading more and more.
Anggota Sejak Sep 10, 2019
10 pos
Anggota Sejak Mar 03, 2019
57 pos
Anggota Sejak Jan 05, 2016
1189 pos
Nov 17, 2019 at 01:54
Anggota Sejak Jan 05, 2016
1189 pos
Roberto21 posted:
newcomers always try to learn foor trading book, the bookish knowledge we acquire from reading a book , practically not works when trading in live. we should practice more and more.
Focusing on Risk Management would greatly reduce the level of losses, unfortunately, most new traders only focus on unrealistic profits, and ignore risk management.
If it looks too good to be true, it's probably a scam! Let the buyer beware.
Anggota Sejak Jan 05, 2016
1189 pos
Nov 17, 2019 at 01:56
Anggota Sejak Jan 05, 2016
1189 pos
Mohammadi posted:
according to me, newcomers shouldn’t focus on his winning trade percentage, he or she always have to emphasis to minimize risk and never trade with emotions.
EXACTLY! Risk Management is the #1 priority.
It's so simple and yet greater than 90% of traders lose in the markets because they focus on the strategy and profits above all else and ignore the #1 rule. :)
If it looks too good to be true, it's probably a scam! Let the buyer beware.
Anggota Sejak Jan 05, 2016
1189 pos
Nov 17, 2019 at 02:02
Anggota Sejak Jan 05, 2016
1189 pos
kamikazebogeyman posted:
You can also overcome them by using a Forex robot or trade copier. Getting someone else trade trade for you could be bset solution
NO.
The BEST advice is to learn proper RISK MANAGEMENT.
Risk Management is the #1 priority.
By paying for a signal or buying a robot off the net is absurd.
Think about it.
Having someone else trade your account, just means you are allowing someone else to possibly lose all your investment capital.
As for robots.... NEVER PAY FOR A ROBOT YOU SEE ADVERTISED ON THE INTERNET.
We see them everyday. '$99.95 Elilte Packages', '$500.00 Secrets to trading' and other scams.
Think about it reasonably for one moment.
If the bot works, why are they bothering to sell it? They'd be INFINITELY WEALTHY, they wouldn't sell it.
Here is the true 'elite secret' to being profitable.
'RISK MANAGEMENT'
If you PROPERLY manage your risks, you will increase your overall profits and greatly reduce your losses.
If it looks too good to be true, it's probably a scam! Let the buyer beware.
Nov 18, 2019 at 09:46
Anggota Sejak Aug 11, 2017
886 pos
there are almost thousands broker in online retail Fx market and most of them are found to be scams. Regulated trading broker can be a great choice which for all time makes sure security of funds at any deposits with a wide range of trading technologies.
Anggota Sejak Sep 16, 2019
11 pos
Nov 18, 2019 at 12:08
Anggota Sejak Sep 16, 2019
11 pos
Professional4X posted:kamikazebogeyman posted:
You can also overcome them by using a Forex robot or trade copier. Getting someone else trade trade for you could be bset solution
NO.
The BEST advice is to learn proper RISK MANAGEMENT.
Risk Management is the #1 priority.
By paying for a signal or buying a robot off the net is absurd.
Think about it.
Having someone else trade your account, just means you are allowing someone else to possibly lose all your investment capital.
As for robots.... NEVER PAY FOR A ROBOT YOU SEE ADVERTISED ON THE INTERNET.
We see them everyday. '$99.95 Elilte Packages', '$500.00 Secrets to trading' and other scams.
Think about it reasonably for one moment.
If the bot works, why are they bothering to sell it? They'd be INFINITELY WEALTHY, they wouldn't sell it.
Here is the true 'elite secret' to being profitable.
'RISK MANAGEMENT'
If you PROPERLY manage your risks, you will increase your overall profits and greatly reduce your losses.
I read a lot of people saying this about risk management but my worry is that even with the best risk management in the world you will not be able to make a profit if you do not have a trading strategy that works
Nov 20, 2019 at 02:59
Anggota Sejak Aug 11, 2017
886 pos
for newcomers In Forex trading lowest spreads is a big deal when choosing a broker. From all trading elements in this market place spreads is mainly considered as an important financial tool which an investor should consider when choosing a broker. Lowest trading spreads is very much supportive to make profit with certainly by using any kinds of trading strategies in particularly the scalping that brings profit in a short time.
Anggota Sejak Jan 05, 2016
1189 pos
Nov 20, 2019 at 05:45
Anggota Sejak Jan 05, 2016
1189 pos
HertzTrader posted:
I read a lot of people saying this about risk management but my worry is that even with the best risk management in the world you will not be able to make a profit if you do not have a trading strategy that works
It doesn't matter which specific strategy an investor has decided to trade with, as long as the strategy presents little to no risk, and can generate a reasonable and consistent profit level. The strategy is secondary to Risk Management and effective money management.
The difference between a truly profitable investor and someone who consistently loses in the markets is effective Risk Management.
Effective risk management includes:
Profitable low risk investment strategy
Use of reasonable and realistic stoploss targets.
Use of reasonable and realistic takeprofit targets
Small lot sizes
Careful attention to the news events that could impact your currency pairs. (Fundamental analysis)
Trade without emotion
Automate where reasonable and realistic
There are other things such as technical analysis but the point is that Risk Management is the #1 priority in profitable investing.
Everything else is a secondary concern, including the profits.
If it looks too good to be true, it's probably a scam! Let the buyer beware.
Nov 25, 2019 at 07:44
Anggota Sejak Aug 11, 2017
886 pos
It would be better , if we get real trading facilities from our brokers as like superior execution , security of funds at any kinds of investments , low transaction cost , easy withdrawal system without long time process, free demo trading , active customer services , exclusive educational facilities , lowest trading spreads , usable bonus offer and much more that are very supportive to lead a comfortable trading life with certainly.
Anggota Sejak Jul 19, 2020
34 pos
Anggota Sejak Jul 20, 2020
298 pos
Aug 27, 2020 at 02:20
Anggota Sejak Jul 20, 2020
298 pos
New traders have a lot to learn to trade Forex. If a trader trades without learning, he will not be able to survive in the market for long. If you have to learn trading first, then you can make some profit at the end of the month. Trading is not an easy task as you come into trading and earn money. Brokers are an important part of trading. I learned a lot from the broker's website at the beginning of my trading career. As a trader, I always gather information from Eurotrader.
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