Molabar's Posts | Myfxbook

Greed is poison in New Traders May 18 2022 at 17:20

Greed is an enemy of people. Actually, in trading this thing reveals itself even more. Traders can't understand that greediness ruin their trading activity, they try to reach as much as they can, but they should understand that greediness NEVER led to something positive. I personally don't know any situation when greediness helped me a lot. It only brought bunch of harm to me and my friends. Hence I suppose that if traders would learn how to avoid greediness and when they start to understand where to STOP.They will be able to develop their skills and receive experience twice faster wit...

Is forex is best source of income? in New Traders May 10 2022 at 19:40

Fx trading? Nah, of course, but it's one of the most available. I critically relate to FX trading because once it created for me lots of problems. BUTRecently I has overpassed th level of fear which I had in relation to fx trading and started trading again. These days I have a constant income and my daily profit is about 5-7%. It's better than nothing especially taking into consideration the fact that I faced difficulties in this activity. Anyway, if you wanna reach results in fx trading you should work a lot and devote lots of time to this activity. I was wrong when I thought that tra...

HYCM in Brokers Apr 13 2022 at 05:59

I am trade on the HYCM MT5 trading platform. is there a big difference between MT4 and MT5? any advices?

Stop loss is a killer if in General Jan 22 2022 at 13:40

Stop loss really might be a killer of your profits. If you don't understand what is risk/reward ratio and you don't know how to calculate it correctly, then perhaps you should be acquianted with these things before you start trading. These things are the basic in risk management practices and if you don't want to comply with them, then you might face unpleasant consequences of such ignorance on the market. However, there are some traders who can trade without using stop loss and they have profits. Anyway, it reuires lots of experience and knowledge in order to understand how much ...

Guys, What do you think about Central Bank Digital Currency - Dollar/others? in General Jan 21 2022 at 18:34

As far as I concerned, CBDC is indeed reasonably similar to the bills in your wallet. However, traditional methods of payment are too tedious nowadays. I guess digital representation of that value would be much more convenient and efficient. If a significant number of the bank's clients decide to hold CBDC instead of having a bank account like today, the bank would have less capital to give out loans, which would, in turn, make loans more expensive and potentially even not viable. The implication is that a thoughtless implementation of CBDC without mitigating actions could have a drastic a...

What is Pip ? in New Traders Jan 20 2022 at 20:46

Pip is an acronym for "percentage in point" or "price interest point." A pip is the smallest price move that an exchange rate can make based on forex market convention. Most currency pairs are priced out to four decimal places and the pip change is the last (fourth) decimal point. A pip is thus equivalent to 1/100 of 1% or one basis point. For example, the smallest move the USD/CAD currency pair can make is $0.0001 or one basis point. I believe that it's very important to understand all the terms in trading because it clarifies you many aspects in this activity, even t...

FXCC in Brokers Dec 21 2021 at 07:03

Yes, I also like the terms and conditions offered by FXCC. I am a scalper and I like the fact that here I can trade like that.

Day Trading Techniques/Strateges-Beginners Guide. in New Traders Dec 02 2021 at 14:12

You described all the techniques quite correctly. To my mind, the main in day trading is to understand that you shouldn't rush. Rushing is a good way to lose everything you have actually.So, you have to wisely weigh all the risks and comply with money management practice. Always check higher and lower timeframes in case you are fond of trend trading, also remember about patterns and figures, which will help you to determine trend reversal.

Powerful Trading Journal made with Google Spreadsheet in General Sep 30 2021 at 18:45

You did a good job. Trading journal is a very useful tool in trading to analyse your previous mistakes and make your trading better.

FX Trading Tips in New Traders Sep 01 2021 at 19:42

Great tips. They will be helful to every newbie to avoid losing lots of money and blowing their budgets. Especially, trading journals are of great importance. I believe that it is the only way to track dow your mistakes and correct them in order to make your decision-making process more accurate and precise.

TeleTRADE in Brokers Apr 19 2021 at 14:28

At first glance, this company seemed quite familiar to me.And mt and demo and social trading are all found in many brokerage services.But once you've spent some time here, you realise that it's not so simple and primitive.After all, TeleTrade provides educational trading opportunities in the first place. And in doing so, in formats that are aimed at both newcomers and experienced traders.The only drawback for some traders here is the lack of fixed spreads. But in general, even if you're occasionally wrong with the calculations - here it will have less consequences, because the regu...

.DE30. .US30. in General Dec 29 2020 at 11:45

A specific request means a certain interest.And it means an interest in business.And this is really good news.

Forex trading is for expert people in General Dec 09 2020 at 10:16

And how to get experience?You have to start with something and move forward - make mistakes, correct them, find new ways and solutions - this is how it works.

FxPro in Brokers Oct 21 2020 at 23:48

I have been working with FxPro for about 7 months now, so far I'm doing really great. The brokerage is well known and has a positive reputation in the market. I really haven't had any problems with it either. I like that working with it, I have the opportunity to trade on such trading platforms as MT4, MT5, cTrader.But that's not really the reason why FxPro is so well-known. In many forex forums users write that the broker works with almost no slippages. And it turned out to be true, I personally saw the broker's statistics on requotes and slippages. In my trading now there are...

who is given best fx broking services in india ? in General Oct 21 2020 at 17:06

Such a company, regardless of the specifics, should have a demo, tools for technical and fundamental analysis, a simple service for withdrawal. And start with a small amount to check everything and not to be disappointed in trading.

XBTFX in Brokers Sep 17 2020 at 17:51

I've noticed that working with crypto currencies has become particularly relevant nowadays, so I think it may be promising to try working for this company. But I would advise you to check the regulation and security of that company.

Control your greed. in General Aug 08 2020 at 17:15

Of course, greed is more common among beginners, but also experienced traders. Many new traders come to the market with thoughts of making quick money and therefore are often greedy and lose their investments. Consequently, I advise all beginners to work hard on themselves and their psychological state, and then it will be much easier for you to trade.

How to copy the trade with a demo account. in New Traders Jul 17 2020 at 17:23

I agree that asking a broker directly is the best idea. However, almost all brokers now provide such opportunities, so to me it is not a problem.

Can you leave Forex Trading? in New Traders Jul 16 2020 at 14:27

A good trader will not leave the Forex market. Why leave something that brings you a stable income and does not cause you any inconvenience. Only those who do not know how to trade - leave the Forex market easily, those who trade well will not do so, even because of large losses.

AAFX Trading in Brokers May 25 2020 at 11:16

I like working with an AAFX broker, too. Not so long ago I opened an account with a broker and realized how much AAFX better than my old broker. It's a comfortable website, a great trading platform and it support me as much as I need. So now I do trading at my own pleasure.

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All Quotes
AUDUSD	0.66773	USDCHF	0.92355
EURJPY	143.199	EURCHF	0.99698
EURGBP	0.88242	GBPJPY	162.279
EURUSD	1.07955	GBPUSD	1.22343
USDJPY	132.64	USDCAD	1.37338

EURUSD	1.07955	GBPUSD	1.22343
USDJPY	132.64	USDCAD	1.37338

Posts by Molabar