KhoiDam's Posts | Myfxbook

Avoid predicting the markets, Rather be reactive. in New Traders Jan 13, 2022 at 19:36

I quite agree with you, it sometimes is almost impossible to predict the market and the future price movement, however fir this thing we use technical or fundamental analysis. Everything here is concluded in the theory of possibility and all traders have to understand it. If you know technical analysis on hundred percent it doesn't mean that you will know the future direction of the price of particular assets. As for the reacting, then of course you should followe the latest news and always be ready for fast changes, for example, if you see that the price goes high and it literally flies t...

Newbie looking for guidance and support in New Traders Nov 18, 2021 at 07:35

Everything you have to do at your initial stages is to continue watching videos, reading information and trading on demo. You know that it's not easy to master trading activity right away. It's required plenty of time, and then, this time will be turned into experience, which will help you to earn money. That's why I always advice novices not to rushing. You should continue do learning stuff in order to understand the mechanics of the market.After that, you can start trading on a real account and you will earn money. Of course, you have to mentally prepared for it.

Newstrading in Experienced Traders Oct 29, 2021 at 10:58

Guess that newstrading relates to fundamental analysis, however at the same time it differs from trading according to the results of fundamental analysis actually. Newstrading is a perspective thing only if you have enough experience in investing and know how particular news can affect the market. It's pretty difficult to know which possition and when to open, nevertheless I consider newstrading as a very perspective direction in trading activity. Novices would better stay away from the idea of news trading, because it implies fast reaction and consious actions. As a rule rookies are green...

TeleTRADE in Brokers Apr 08, 2021 at 16:15

What's the deal with these bonus points? Has everyone figured out how this can be applied to work here or what?

a good trading strategy in New Traders Dec 28, 2020 at 09:16

In forex you do not just come up wit a trading strategy, you come up with a good trading strategy or a perfect trading strategy depending on what you have going on. The better the trading strategy the more results you will yield. And always remember that you should come up with your own strategy because people are different.

Demo can not make you well experienced in General Oct 30, 2020 at 10:38

A demo account will not make you a good forex trader if you consider it to be a demo account. There are alot of traders that consider the demo to just be a demo account and trade with risk in the demo account while thinking that he will do the same in the live account. They mostly end up as failures. You have to be keen on everything and especially the demo account.

Forex is a business in New Traders Sep 01, 2020 at 17:20

I agree with what you wrote here. Trading is a very serious business, in which it is much easier and faster to lose money than to earn it :c Therefore, this business needs to be learned. Of course, it is impossible without losses in trading, and this is normal. This should not discourage you from trading, but, on the contrary, encourage you to become better and actively learn to trade.

Is Martingale the real and the only holy grail? in General Aug 16, 2020 at 15:47

This method of protection on the market really requires special attention, because it is a classic format, which has many interpretations. And it can be adapted according to the strategy and the size of the capital. So it can be interesting.

Bot Fundacion in Trading Systems Jul 29, 2020 at 17:26

It's cool, but it's kind of unbelievable.If it's not difficult for you, share your description of the approach so that it can be compared to the current situation in the market. It's always interesting and valuable to learn something new.

$3,000 To $100,000 By Scalping System In A Month Challenge in General Jun 21, 2020 at 14:44

It seems to me that scalping is a rather complex approach that requires not only detailed study, but also qualitative testing.I think that if you are very interested in something, you should definitely try it, the main thing is to take your time and let yourself get used to it.

Momin 1 in Trading Systems May 30, 2020 at 16:08

Looks just fine.My applause!!!

Fondex in Brokers May 03, 2020 at 19:37

I don't even know... On the one hand, the broker didn't let me down, so I kinda approve the choice and am grateful for a good service. However, there are a few things that bother be a bit. First of all I don't really like the idea of no choice between fixed and variable spreads. Just one account type for all. This doesn't give much variaty in adopting commissions to a trading style, etc.Secondly there is always spread + commission. Only cyptoassets and indices have got zero commission. For 100 shares and ETFs commission is $2 for roundturn. Forex is $5 for roundturn of a 100K ...

Greed is poison in New Traders Apr 30, 2020 at 18:16

That's for sure. Greed, even in everyday life, becomes a problem and you can't live with it normally. And for trading, it's even poison. Traders must not give in to it and always keep control. If you relax a little, all your trades will fail. When you trade, you should try to turn off all your emotions and become cold to such temptations as greed.

What is a decent return on a monthly basis for a manged forex account? in New Traders Apr 25, 2020 at 18:16

The more capital you will play with in order the lower profit will be in the long run it's such everywhere in the world and now it will appear in that way entirely and absolutely anyway. I do hope we can understand you well completely and possibly;)

Money Management in General Apr 18, 2020 at 19:45

Not only traders are poor with money management but people overall, they do spend tons of money on unneeded things entirely and absolutely anyway for many many deeds out there. How do you plan to go on further with that? I am not sure. And nobody will teach it cause it's not profitable.

Forex is Hobby ? in General Apr 07, 2020 at 19:02

Unlike you. Forex trading is my hobby. Ilike trading. It really challenges my mind. When I got into it I knew what exactly to expect. Some people say that forex is a mind game. If you do not have waht it takes to ponder eberything fast then you are done for. This is what beginners really face. Expecting a alow profit from forex is good but your expectation is just too low. I see that you are trading with the lowest risks possoble.

Gold Trader in Trading Systems Mar 12, 2020 at 17:48

I think I use gold much more often because this asset correlates perfectly with the U.S. dollar and therefore it is much easier to make quality forecasts.

How to choose good VPS? in General Feb 05, 2020 at 19:09

You need to choose it on some tests and reviews from all other people in the space anyway. I do not really see any need to make it possible anyway. I do understand that it really need to be what it takes. See google for reviews. DigitalOcean and such.

TRADING LEVERAGES AFTER BREXIT in General Jan 27, 2020 at 20:07

I do not see how they will be lifted anytime soon honestly, because it's just obvious that they will not be there anyway totally and completely. People above me already described everything basically. So you will still need to wait for something to happen.

AAFX Trading in Brokers Dec 22, 2019 at 21:30

For me, trading is a big part of my life. And in order for me to be able to get from this business the result that would suit me, I definitely needed a good broker, which opens up a lot of opportunities. Is it worth mentioning that it took me years to find a broker I like? But now I am in affx and fully satisfied with my choice. This broker provides a convenient trading terminal and a huge amount of assets, and does not burden your work with huge commissions and other details, which are usually opened after you have funded your account. You can work here. This broker will not let you down.

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Posts by KhoiDam