Oghmage's Posts | Myfxbook

Undercapitalisaton in Experienced Traders Jan 13, 2022 at 19:18

It's quite a very spread issues when a trader with small account lose everything and then he/she tries to get this money back. Everything here depends on how you are able to control your emotions, because in this particular situations emotions prevail over your conscious and thoughts. I agree that it's pretty difficult to control your emotions, because sometimes they literally overfill you. However, traders have to learn how to minimize the influence of emotions on their trading activity. If you started to notice that sometimes you let your emotions to make deals instead of your consci...

Want help on choosing best forex trading training tool or course in New Traders Nov 24, 2021 at 08:04

I believe that you can start off from babypips school, because the information which they provide is full of details of trading activity which will definetely help you on your initial stages in trading. Of course, you can apply to other courses from forexpeacearmy for example, all of the are quite informative. Never forget that you have to learn by your own and train your skills on demo accounts, just because trainings will bring you much more experience than thepretical knowledge. Everything should be balanced in your case ad you will definetely understand everything

To make a good trading plan in General Oct 06, 2021 at 19:05

To make a good trading plan, you should have certain opinion and vision on forex. It is next to impossible to make a trading plan if you don't know anything about the market and trading and about yourself. You should know what you are good at and what your personality is. After it you have to combine certain requirements and your skills in order to make trading plan which will bring you profits.

FXCC in Brokers Aug 18, 2021 at 05:09

What assets are best for night trading?

Demo can not make you well experienced in General Aug 04, 2021 at 17:06

Of course, I totally agree that demo can't make you well experienced mostly because demo was created not for these purposes. Demo account was created for testing, editing trading strategies and for acquaintance with trading activity as itself. I suppose that demo is a very useful instrument for those who face trading activity for the very firsty time. If you want to evaluate and understand the mechanics of the market then you should apply to demo account. It never gives you lots of experience however it teaches you how to trade. You don't feel such emotions which you can feel on a real...

ERIKE TEAM in Trading Systems Jan 18, 2021 at 16:02

It looks impressive.It makes me happy that traders are creating something of value for other traders.It's always more promising.Because they have a better understanding of the needs and immediate problems.

Choosing a new broker in General Oct 30, 2020 at 10:29

There are alot of traders that make the mistake of choosing abroad because it is recommended to them when it shouldn't always be the case. Choose A broker because you have found out that it is the right one for you and not just because you see a lot of its ads directed at you.

How to Successful Forex Trading Mindset? in New Traders Jul 30, 2020 at 16:09

It seems to me that there isn't enough to have a positive spirit and attitude for successful trading. You need to make a lot of effort to develop certain skills and habits in yourself. Yes, mental attitude is very important in trading and in the psychology of the trader. But without intellectual effort, you won't be able to achieve much. You need to take this into account, too.

EUR/USD in Experienced Traders May 30, 2020 at 15:46

It is true that this is one of the most volatile assets, and it can be used to create a sufficiently profitable and promising business plan. Also, you can always find some strong events in the economic calendar that are related to either the dollar or the euro, which means that you can always include fundamental analysis in your work.

What are two types of analysis? in General May 25, 2020 at 15:43

Technical analysis includes a large number of methods, ranging from simple visual analysis of graphs with reference to different graphic models, to the use of sophisticated computer analysis methods.Fundamental Analysis is a comprehensive method of analysis and includes analysis of all fundamental macroeconomic indicators, monetary policy, political situation, social and natural phenomena, news, rumors and expectations, both in individual countries and on the world stage in general, in order to investigate the possible impact of the above aspects on currency movements.As we have already writte...

BITCOIN DEAD ¿? in Crypto May 06, 2020 at 15:41

Hello from 2020! Bitcoin's still not dead, even opposite. It's popular again and just as expensive. I think the blockchain technology and cryptocurrency theme will continue to develop in the future, so they will become even more popular. And that's absolutely normal. Digitalization and whatever.

Hello ambitious traders! NEW Trader wannabe here. in New Traders Apr 23, 2020 at 18:32

Good advice about the demo that's for sure and one of the most important thing is that from what I have seen people really make much more from the stocks and options than from the forex if done really correct way, so keep that in mind;)

who withdraws money 24/5, 24/7? in General Apr 14, 2020 at 20:06

Is there so big need to do that? MAybe I am not understanding what is what entirely....You can really simply keep all that in your balance and that would be that absolutely and possibly, no? Let's move on with that if you need;)

Forex Amount in General Feb 13, 2020 at 18:19

It's as simple as that:- assess your capabilities- decided on the final result (monthly income).- go ahead!!!

Olymp Trade in Brokers Jan 30, 2020 at 19:31

As far as I remember, I have never worked with this broker because it specialized in binary options for a long time, but in principle it has many different services, etc. Although there is no support, everything is built in such a way that traders work on their own and this is pretty good in principle.

Choosing the Right Broker in General Jan 25, 2020 at 19:21

It's not that obligation that your broker should be regulated or something else. I do assume it should be done in really positive way with everything here. How else do you plan to compete with people from first world with a lot of cash in their hands.

TeleTRADE in Brokers Jan 12, 2020 at 20:54

I think that trading conditions of famous brokerages like TeleTrade can't be compared to those of the brokerages that have got no regulations or have been on the marker for less than 5 years. As far as I'm concerned, Teletrade pays for numerous licenses including CySEC, it has real offices all around the Europe and other countries. Costs of running business are very different for TT and fully online unregulated brokers. So traders have to choose whether they wanna risk 100% of their deposits and deal with unregulated brokers with lower commissions, or stick to more expensive authorized...

Bonus and broker in New Traders Jan 04, 2020 at 10:47

Really, usually bonuses have a lot of restrictions, but such restrictions in good brokertage companies are applied only to bonus ammount, not for the trading account as a whole, so I don't see nothing bad if trader applies for account with bonus. Bonuses, as well as other loyalty programms (cashbacks, etc.) are the way how brokers attract clients and they're beneficial for both trader and broker. So that's bad idea to refuse bonuses, as that's the kind of free money, even with some restrictions.

Full Time in Trading Systems Dec 07, 2019 at 15:51

I don't mind if you have a mentor or assistant at the beginning of the forex market or in any other direction on the market who will tell you how to orientate yourself in the current situation. But on the other hand, this is your business and your money. Yes, you just have to understand this issue and learn to act independently of someone else. The sphere of investment requires colossal knowledge and the ability to find a way out of any situation. And what can you do if you do not understand what is happening. You will always count on the fact that the problem will be solved without your p...

AAFX Trading in Brokers Sep 28, 2019 at 20:12

I fell in love with AAFX ECN accounts. These spreads and 0 other commissions and fees can be considered a charity in comparison with the other forex offers. I like that they also allow trading CFDs and include american blue chips in their list of tradable instruments. If Im not mistaken, stocks are tradable with bigger account size only. Haven’t tried those myself. Not sure exactly how much you need to deposit to trade stocks, but my best guess would be that it has something to do with margin requirements. Leverage offered for stocks is also only 1:20. Forex leverage value is 100 times h...

EURUSD	1.02981	GBPUSD	1.2205	AUDUSD	0.61982
USDJPY	157.074	USDCAD	1.43503	USDCHF	0.9119

Posts by Oghmage