Forex and its earning

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.

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.

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?

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.

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.

Discipline is important, but it is not all. The success is a complex of different approaches :)

I would say long term income could be around 5%/mo.
Short term accounts can make even 20+ % but how long will they last?

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.

MM is very important but if too tight then making high percentage monthly gains is impossible