Periwield's Posts

GOLDEN Rules of Profitable Trader's in Experienced Traders May 18, 2022 at 17:18

GOLDEN ones:1) compliance with risk management. the 60-70% of fails are because of ignorance toward risk management. it includes not only wise SL and TP, risk reward ration, but also it concerns trading with leverages. NEVER pick the leverage higher than 5:1, it will 100% cause you a loss.2) neglecting learning. practice is the one of the most effective ways to reach results in any activity, however trading is required to learn it as well as practicing with it. find theory in the internet, in books and articles from professional traders or investors, pass the courses. It will contribute to you...

Newcomers and demo trading in General May 13, 2022 at 19:29

Demo trading is a must of a newcomer. Without a doubt and those ones who claim that demo trading doesn't contribute into trading just are ignorant traders. Demo trading meets your with trading activit,y, but sometimes it of course might be harmful fo traders as it elaborates a kind of "habit" to trade money which doesn't belong to you. It makes your brain think that it's cool and it's the most comfortable activity for him. when traders go to real account, it's so tough to them to start trading because their brain tried to "reject" this idea as it doesn&#...

FXCC in Brokers Mar 27, 2022 at 04:42

To sum up my expressions1. The first feature I liked is zero commissions and tight spreads on the XL account. Nothing is better for a trader than such conditions :)2. In addition, I would note various payment options. You can deposit and withdraw money within several main platforms such as neteller, skrill, wire transfer, etc. It's pretty useful, especially if we need a particular service.3. no stocks for trading, it's not a real issue. Available: crypto, commodities, forex and metals. I started with forex.

Why not trade your own money? in New Traders Jan 13, 2022 at 19:40

When you trade your own you feel more emotions, from negative to positive, while you are trading with someone's money, then perhaps here everything depends on how did you get this money. If your friend told you that you can get this money and do whatever you want with it, then of course, you will be emotionless because it will be nothing for you if you will accidentally lose it.However, I doubt that there are some people who can give you money without asking something in return, as a rule, people ask to multiple the sum and here of course you will feel much more emotons that you would in c...

Forex Broker Recommendations? in New Traders Nov 11, 2021 at 08:01

Well, it's pretty difficult to recommend brokers because every trader has its own needs in trading activity. One trader will be okay with particular conditions, while another trader won't be okay with the same conditions. If you will describe what do you want to get from a broker, for example, you want no commision and tight spreads, then there is a chance that traders can recommend you a broker, in other cases it's quite hard I guess. Anyway, you should firstly make up a decision, which matter a lot for you in case of brokers, maybe you don't want to get system of types of acc...

Anyone Using Bitcoin Brokers? in New Traders Oct 29, 2021 at 11:10

Actually, it is pretty difficult to find bitcoin brokers. It's much easier to find a broker which offer an access to trading cryptocurrency or you can find a broker which is specialized in cryptocurrency trading. To my mind, the process of choosing a broker is the most difficult in the whole trading activity. It isn't difficult to learn trading, if you're eager to learn it, nevertheless if you're a total rookie, then it's hard enough to find a proper broker which will fulfill your needs. Here, I can state that the decisive moment is your personal attitude toward trading act...

What works? in General Nov 26, 2020 at 13:20

Well, of course.Someone uses something dynamic and complex, and someone needs the simplest things to analyze and act right now.And you don't need to look at others. Choose what you like.

Anyone know about TGIcapital？ in General Oct 12, 2020 at 17:31

Well, everything is according to the standard, you should check the regulation and if everything is okay, you can try it with a little capital and then evaluate the statistics, because usually all the negative points are manifested in practice.

Experienced trader in Experienced Traders Sep 02, 2020 at 16:55

I didn't quite understand what you wrote either, but it's not so easy to succeed in trading. You need to control your emotions, control all the risks, and have at least some discipline to have a chance to become a profitable trader)) And this is actually very difficult, especially to achieve a balance of all this. So, it seems to me that at the beginning, many traders do not manage to do all this. But with more experience, it becomes easier, and trading itself becomes easier and more understandable.

Allow mt5 backtest upload in Suggestion Box Aug 16, 2020 at 15:49

MT5 has a larger range of functions for passive formats (if the brokerage company provides this - it is also important). But MT4, in my opinion, is more suitable for personal trading, because it is a more dynamic and simple format. Well, this is purely my opinion.

slippage of 55 pips in Experienced Traders Jul 30, 2020 at 17:42

Yeah, slippages happen and it's almost impossible to avoid. But I myself have a few tips I stick to to avoid slippages. 1. Don't trade on the news without proper experience.2. When opening/closing a deal, always pay attention to the spread, the current volatility of the instrument and the opening/closing price.3. Don't trade large volumes, especially in the news market, until you learn how to quickly manage the opening/closing/opening of pending and stop orders.Perhaps for some it is a familiar rules, for others it isn't. But they always help me personally))

Where do Traders meet other traders to share ideas in Experienced Traders Jun 09, 2020 at 16:08

As far as I know a lot of traders hang on different forms like this one, but only with exclusively trader theme. You can find many of them on the Internet. Traders are friendly there too, someone shares their systems and journals, someone asks for help too.

Transitioning to higher leverage in New Traders May 30, 2020 at 16:11

I think you can afford it in the market, because it's to let you make a good enough profit. But naturally, if you want to take part in more risky approaches, you have to be well prepared for that. You always have to act wisely.

Adjusting! in General Apr 26, 2020 at 14:57

When it comes to adjusting to changes then i am always prepared. You have ti understand that this is forex trading and things can go from this to that in seconds and especially in the market. It is why I always check the news and every other source of information on how the market is fairing on. Dusaster can strike at any moment.

Can you leave Forex Trading? in New Traders Apr 25, 2020 at 18:24

Yes, there is always a hope and hope like that really keep people interested in all that matter entirely and absolutely for many possible reasons out there completely and entirely. How else do you think people loose and still have hope to play further...

Can forex trading make you rich ? in General Apr 07, 2020 at 19:05

After everything I have seen going down in forex. It will never make you rich. Trying to play beyond your level will leave you very broke. Everytime you trade with a lot of money the probability of losing it is very high. If you want toget rich then venture into another business. Not this one.

pc on all the time in General Apr 02, 2020 at 18:43

I do not know about you but I am switching off my machine all the time basically in order to prevent everything you just described here and overall to save on electricity cause it really do adds up over time a lot. Thanks for that topic by the way!

AAFX Trading in Brokers Mar 29, 2020 at 23:08

All brokers make beautiful promises, but not many can fulfill these in practice. Glad to hear all worked well for you with AAFX. Will keep your experience in mind.

Regulated broker for US residents with Hedging. in General Jan 25, 2020 at 16:14

I am highly doubt that such broker do exists anyway since you asking this question in the first place. Do you? How do you think it is possible to go against regulation or something like that totally and completely anyway. Where we need to fight with such?

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Posts by Periwield