FXOday's Posts - Page 14

To be a successful trader in General Dec 05, 2021 at 23:31

Every trader has the same opportunity to become a successful trader, but not all trader will be successful trader, but if we take lesson from successful trader, they has good knowledge and also have the courage to work, if trader having mindset will become successful trader, usually they can learn well-compared trader that only chasing profit

Fear makes you in General Dec 02, 2021 at 22:49

Fear indeed become the most enemy from own selves, besides fear also greedy, sometimes trader they still want more although on the day target already achieved, or they become overconfidence when taking a look the market seems will giving accurate trading analysis and then increasing volume trading, but usually when trader face with the big loss they just been realized if already make a mistake.,

Placing stop loss in General Dec 01, 2021 at 23:39

Maybe how to place stop loss each trader has own way, some trader may prefer to use the risk-reward ratio to determine how much stop loss will be placed on every single trades, but some another trader maybe giving place wider stop loss than profit target with reason-giving more move room of the price so will often hit target profit, and experience will giving us the lesson and take what the best will be taken.

Time frames for currencies in General Nov 30, 2021 at 22:41

Usually, I am using multiple timeframes to analyze the market pattern, first using at least a daily timeframe to get the picture of the major trend that going on, and then moving to use lower timeframe H1 to analyze the medium-term of market pattern, then use lowest timeframe to get entry point zone

When a trader uses small in General Nov 29, 2021 at 22:34

Risk management and money management is important issue in forex trading this is ned to be handled with discipline, greedy maybe will become the big enemy for all traders, sometimes trader becomes greedy because overconfident, the market is very dynamic, there is no exact pattern that will always become a true signal, sometimes trader must ext on loss position.

Why demo is easy? in General Nov 28, 2021 at 21:58

Demo account easy because in demo trader not felt any emotion pressure and usually start with huge capital to learn to trade, besides about psychology, also about trading server, trading server in demo almost work properly without any delay, but in real trading account sometimes occurs slippage etc

Fundamental works 100% in General Nov 25, 2021 at 23:14

Yes, fundamental is important, but maybe sometimes fundamental news make a confusion where data releases have various value, like as inflation rise is bad for the economy, but another news maybe giving good impact like as unemployment change was low, so whatever trading strategy based fundamental or technical need always risk management

Without skills trading in General Nov 24, 2021 at 22:26

Skill trading is an important part of trading, although there are other opinions if the most important in trading is about psychology, in fact, although traders have strong psychology sill to analyze the market often fail, hence eventually will losing money in trading, how to improve a skill they need practice and will good in real account.if want to built better psychology

Broker swap increase in General Nov 22, 2021 at 21:09

Usually, swap calculation refers to central ban interest, if swap increasing maybe you need to check on the central bank on the currency you traded, if there is no change interest rate, maybe increasing swap fee is manipulation broker, if your broker offers free swap account, you can choose to use it, like as in FXOpen they also offer free swap account for Muslim trader.

Why demo is easy? in General Nov 21, 2021 at 23:08

First impression trading in the demo is easy because no emotion pre4ssure when trading use demo account, also initial capital on demo account usually very big more than $5000, and we know if amount capital also impacted to the strength of account, ideally use bigger capital and low capital when using same position size will strongest use bigger capital to withstand price movement

Online source of income in General Nov 18, 2021 at 23:26

Actually, there are so many opportunities to get online income, but each source also need each skill and knowledge, if you like to create a video become Youtuber will get earning when already fulfilling all requirement, affiliate marketing also become one way to get earning, forex trading is potential gain but risky, if you have master trader forex will become reliable income for long term.

Basic mistake we make in General Nov 17, 2021 at 23:11

The most mistake often face I think is FOMO, fear of missing out, I am often trapped in such situations where actually I realize if the zone price is less good to open trades, but my mind cant stop desire to open trades, I just only talk to own selves, take a small risk no problem, but because it occurs many times, small risk even ends too big loss in accumulation.

Bonus and Brokers in General Nov 16, 2021 at 21:57

Yes, sometimes brokers offer big bonus promotions for the free deposit or deposit bonuses, if traders are only tempted by the number, maybe they will want to try, but when understanding behind the bonus there are certain rules that are likely hard to fulfilled maybe they will turn back and go away from the bonus, it's always good to check term and condition before taking a bonus promotion

MT4 or MT5 in General Nov 15, 2021 at 22:44

I am also using the MT4 trading platform and use the STP account, still comfortable in use, although now broker offer to use MT5, I am not yet intention to use MT5, but maybe when I already use ECN account will trying to use MT5 trading platform.

Why demo is easy? in General Nov 14, 2021 at 22:58

Just like your face a fake girlfriend, when you love too much with your girlfriend, it will very painful when she leaves you, but when your love is only fake to your girlfriend when she leaving you will be nothing, your feeling is like as usual no broken heart, in a demo account, you just love with fake love, because it does not use real money when you loss will felt nothing, but in the real account, you spent real money, and when losing the money you will felt emotion in real.

Is forex trading really worth it? in General Nov 11, 2021 at 23:27

Yes forex trading is not easy, however, are still so many opportunities in the market, forex trading will become challenging business for some traders, and when they get success, make big money from forex, money like as paper and maybe you will to spend for deeds with give money for people around you, but when faced with a big loss and make you borrow money in the bank, this will not good story, each trader have own story on the journey.

zero spread brokers needed in General Nov 10, 2021 at 22:51

FXOpen ECN also offers a floating spread from zero, and a trading commission of $1.5 per standard lot, i am now still using STP account and I like to trade on Gold, in spot forex use ticker symbol XAUUSD, this is giving a good opportunity to catch profit, but also risky, so here I am always trading with tight stop loss,

Investing in Forex in General Nov 09, 2021 at 21:55

Forex is a great investment for traders that have good skills, or if they type an investor trader, looking profitable manager PAMM is one way to make money without trading use own hand, investing forex need to obey golden rules just to spend money that affords to lose.and looking trusted broker also important

Basic mistake we make in General Nov 08, 2021 at 21:53

Fear of missing out is the most mistake committed among traders, the most trader that lack or weak psychology trading will often make such mistake when see the strong movement then chasing price due scaring if missing the chances, but then faced loss dragged because high volatile market will make up and down at short time,

Stop loss is a killer if in General Nov 07, 2021 at 23:32

Stop-loss is one feature where we can use it for learning how to trade, we can set up risk limit in every order use stop loss, and how to determine the entry point we can learn where the best price and times to make entry point but the stop loss distance in accordance the risk limit on the plan, here we trying to catch the entries on the crucial zone in reversal market.

EURUSD	1.12883	GBPUSD	1.32802	AUDUSD	0.63891
USDJPY	145.611	USDCAD	1.38478	USDCHF	0.82974

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