FXOday's Posts - Page 12

Choosing the Right Broker in General Feb 02, 2022 at 23:35

When traders already finding a good broker and them comfortable working with the broker hence usually will stick to using trading service, the good brokers also have good customers support for complaining when traders face the problem, and they get assistance to resolve the problem, but before choosing the broker usually trader will make research, about regulation, reviews, and learning from experience fellow trader, forum community is a great place to share and ask something

Scalping and trading strategy in General Feb 01, 2022 at 23:18

Scalping actually possible to become the best trading strategy if the trader is able to work in a small wave timeframe, because on small timeframe the price often up and down often if compared with long timeframe if trader able to catch-all opportunity hence scalping will become a profitable trading strategy, but usually scalping can lead emotion if trader cant control emotion because one loss can be followed with next loss when the market not easy to understand.

Choosing the Right Broker in General Jan 30, 2022 at 23:43

A good broker has no restriction for trading condition, are regulated, and have good customer support that helps the trader to resolve the problem.a good broker has registered trademark company with logo R behind the brane name.

Newcomers and demo trading in General Jan 27, 2022 at 23:22

I think good for newbies they use demo accounts for practice and learning, but usually demo account starts with big capital like as $5000 in account trading, using big capital and free from emotion usually will lead to becoming good result in a demo account, it is about psychology, but I think better when using a demo account only start with small capital like that will prepare later in real account, many traders fail less than six months, beginner they good spent practice in the demo at least six months

Forex is not scam in General Jan 26, 2022 at 23:44

Forex business is not a scam, but choosing the broker is an important matter because not all broker is trusted, in huge business-like as forex, where here there is so big money circulating in the market, sometimes used by an unresponsible person to scammed people. choose a reliable broker that has been regulated and trusted by among traders, read the review, and spent money that affords to lose.

Making consistent money in General Jan 25, 2022 at 23:13

Agree, all business needs a process for stakeholder will get their success, in offline business and online business all require focus and keep learning, the main difference between offline business and online business in process is the offline business they meet real human in life and interact with them, in online business we don't face to face meeting on the central place, advantage online business we can work anytime.

Trading in lower timeframes in General Jan 24, 2022 at 23:19

Timeframe for short term trading is most detail using low timeframe like as M15, but personally I don't like to use M1 timeframe, because too many noise in the price movement and could leading to face often false signal in smallest timeframe, but maybe it will depending on the habit each traders

Stop loss is a killer if in General Jan 23, 2022 at 22:03

Sometimes you cant deny for the loss, this is normal for traders face losing trades, maybe some traders say if the stop-loss is killer, but actually depending on your trading strategy, stop loss is one way to manage the risk if often hit stop loss hence you need to improve trading strategy maybe you need a better way to determine entry point and exit point.

Money Management Systems. in General Jan 20, 2022 at 21:40

Money management in real life and in real trading is very important, in real life implementation, we spent money based income, don't exceed spending than income, because will make a debt, in forex trading, don't trader like as gambling, but need to use money management and risk management, greedy is not a good answer to become a success in trading.

Demo can not make you well experienced in General Jan 20, 2022 at 08:19

Demo accounts remain useful for beginners, but for experienced traders demo accounts cant give them psychological pressure, because treating fake money is different with treat real money, in real money as traders will be more enthusiastic in trading and make their emotions play in minds, when face with loss, and when get profit, emotion will up and down like as the price wave.

Guys, What do you think about Central Bank Digital Currency - Dollar/others? in General Jan 18, 2022 at 23:08

I think CBDC as legal standing to regulated money circulation will become a big barrier for another payment gateway or cryptocurrency, however, how the public responds to them also will become a reason to determine adoption if CBDC has bad technology maybe will become a problem for the user, but if they having better technology maybe will make currency getting more flexible

Luck is important in General Jan 17, 2022 at 22:54

Luck in success is not instant, each people must make effort to get their success, if now there are trader forex get success, their journey I think face to many obstacles but they never give upsuccess is a long term journey and a never-ending process, because before dead all people must keep to learn

Is trading hard? in General Jan 16, 2022 at 23:22

Trading forex about how to manage money to make money, this is required hard work and combine with smart work, trading indeed easy to do, but it's not simple, how to make profit consistently in daily trading is the most difficulties among trader, I am only once time get consistently in a month trading, but at least has higher accuracy is better with ration at least 70% probabilities

Money Management Systems. in General Jan 13, 2022 at 23:00

Whatever trading strategy that imp0lemented, money management has the important key to continuing trading strategy working n best trading performance, although trader have a good trading system but without money management in trading, it will mess up whole trading activities because can lead them to become greedy in trading

Believes. in General Jan 12, 2022 at 23:20

The professional trader has long years of experience and also a good understanding of the market, but I think they also will keep trading based on risk management maybe they trade without stop loss but will cut loss if the trading en^danger all trades, except they already don't care about the money, big trader also get big loss but never exposed

There is no short cut in General Jan 11, 2022 at 23:08

When traders already give up and leave forex, they lose all chances to make money through forexbut if traders already felt addicted to forex, although they leave forex but later will come back again because curious about how to make money here.

There is no short cut in General Jan 10, 2022 at 23:35

It needs time and sacrifice, there are will face so many obstacles how to finding suitable and profitable trading system, this also needs to improve mental trading where with strong mental hence we can learn more motivated and having good mindset if wherever we are will have same opportunity to become a successful person

Successful trading in General Jan 09, 2022 at 22:56

Mindset helps much in our life, including in forex if we believe we can succeed in forex hence we will learn seriously, maybe face so many obstacles, but we never give up and keep learning better, in testing one trading strategy we can learn and explore trading strategy.

What is fast forex scalping? in General Jan 06, 2022 at 22:59

Scalping trading needs to get support from reliable brokers that allow traders to work based on scalping trading strategy, active scalping can make thousands trades on a day trading and accumulation scalping profit dan make a huge profit.

METHOD OR DISCIPLINE? in General Jan 05, 2022 at 23:26

I just think both is a correlation, method trading is about how trader decided to make new entries, then discipline also needed to keep trading work always on the track,trader need to found profitable method and keep work fully discipline

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