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Posts by Rassellkarl

Indicators are useful but In General Jan 16 at 09:38
The value of some pairs keep fluctuating because of the changing trade volumes and I try to trade major ones only. I’m trading EUR/USD and USD/JPY these days. I get pretty low spreads on Lcg, Fxview and they’re also considered to be very profitable among other pairs, so why not. I don’t like taking higher risk so these are perfect for me and they are also not so volatile.
There are three things In General Jan 15 at 13:17
[quote]Lycineandrew posted: [quote]Rassellkarl posted: [quote]Fx_howie posted: Trading plan, consistency and knowledge. These three things are important for me in trading.[/quote] Absolutely we should think about what we are doing before entering the markets. It is the reason that differentiates successful traders from failed traders. Wisdom says half knowledge is always dangerous because we think that we know more than other traders.[/quote] There are many resources through which one can learn about forex trading. If we don’t gain knowledge then no matter if it is demo trading or live, ...
There are three things In General Jan 15 at 08:38
[quote]Fx_howie posted: Trading plan, consistency and knowledge. These three things are important for me in trading.[/quote] Absolutely we should think about what we are doing before entering the markets. It is the reason that differentiates successful traders from failed traders. Wisdom says half knowledge is always dangerous because we think that we know more than other traders.
Indicators are useful but In General Jan 14 at 10:37
[quote]Michihito posted: Every pair has its own unique movement pattern and characteristics. Sometimes it seems they are all moving to the same direction but every pair has its own chart and price pattern. If a trader can understand that it becomes more easier for him to make money.[/quote] Yes, every pair is different and has some characteristics since they’re made up of two currencies that have different values. If the traders are able to understand the bid and ask, that’s good for them.
money manage and leverage In New Traders Jan 01 at 11:57
[quote]williamhayes posted: The higher the leverage, the higher are the chances of making profits. It is an interesting game if you think about it.[/quote] True that. I’ve been working on some high leverage myself with different brokers. I wouldn’t have thought about this before and I always kept it as low as 1:200.
What safety measure I need to take before choosing any forex broker? In Experienced Traders Dec 24 2020 at 12:42
If you’re so worried about it, why not ask the experts. I trade with Pepperstone and Fxview for better spreads and smoother transactions. Withdrawals and payments are fast too.
Is demo trading enough before real account? In New Traders Nov 23 2020 at 07:05
Demo trading is obviously your option when you want to practice what you have learnt. You can also go for forums to see what other traders are doing.
Trade few pairs In General Nov 20 2020 at 11:27
I am also more of a safe player, trade pairs with positive correlation. USD/CAD is my fav, also USD/JPY at times, but that’s about it. Tried going exotic on the different currency options on fxview once but turned out to be a bad move, resumed trading the 2 majors. Doing the same on my new pepperstone account as well.
CASHFLOWFELLOWS MARKET REVEALED In Trading Systems Nov 20 2020 at 06:39
I opened the Facebook link and found the video quite interesting. It’s going to help you a lot.
care free mindset(proper risk) In General Nov 20 2020 at 06:14
Out of the different things, money management and risk management are the most important ones that will make your forex trading career easier and better.
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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.