Thines1's Posts | Myfxbook

What makes one a Professional Trader? in General Mar 03, 2022 at 12:54

A professional trader is a person who works in finance and engaged in investing as a business or in a full-time role rather than occasionally or as a hobby. Swing trader: A professional trader who works positions over multiple days, hoping to turn a profit from long-term market fluctuations. So, if you want to become a professional trader you have to understand that this type of job require plenty of responsibilities and willings to continue trading. Lots of trader give up after the couple of losses. That's the main mistake of them. They have to be durable and endure all the market prepar...

When will Dow be Low? in General Feb 26, 2022 at 15:35

Well, the only thing is to suppose when the Dow can be low. Many insurance companies, investors, and economist assume that the statistics of the past is your best guidance for what to expect in the future. Economic forecasting is based on that assumption. Life expectancies are based on that assumption. So when you ask me how low will the DOW go after being pushed up for some 11 years, I would say as much as it did during the credit crisis, some -50% to -60%. That is an expectation, no guarantee. So, just follow the price action, and you will be informed about all changes in the price of the in...

Fondex in Brokers Nov 12, 2021 at 05:25

I noticed many of Fondex's awards for best offers in the brokerage services, and decided to give it a try. I was concerned about switching to a new trading platform, but now I understand the broker's decisions to offer the only trading software. cTrader is an awesome product that can easily replace MetarTrader in near future. The interface is intuitive, trading becomes faster thanks to additional features based on trading from charts, one-click control and additional research tools. Besides, I started coding algorithms by myself as the automation is made easy here.

Best Crypto to Invest in these Times. in Crypto Nov 11, 2021 at 07:57

The best cryptos which I consider nowadays have tickers VET, ADA, MANA. Of course we shouldn't forget about various altcoins which nowadays rise. I picked these cryptos because I thoroughly read the whole information about them and I liked the idea of their creators. Nevertheless, you can also pay attention to other cryptocurrencies which don't have a potential today, because there is a chance that they will have a strong bull impulse in future. Everything you need to do is just to analyze daily economic news and understand what companies do in order to have any idea about investing in...

How much should you invest in trading in General Oct 26, 2021 at 14:08

It doesn't matter how much money will you invest in trading actually. The matter is how will you turn your initial deposit into millions. If we speak about intraday trading, then it really doesn't matter because everything will be depend on your skills, knowledge and the main goal for you is not to lose money, but multiply them. If we will talk about investing, then here, sums of money matter, because the more money you will invest the more income you will get. Investors, generally, are aimed at long-term investments and they invest lots of money in order to get income in future and ha...

HYCM in Brokers Sep 28, 2021 at 19:59

I have been trading with HYCM broker for three years now. It is a multi-regulated broker that has been on the financial services market for many years. Client funds are kept in Tier 1 banks. The broker supports two trading platforms, Metatrader 4 and Metatrader 5. Most of all, I like that the broker supports the Webmoney system, as well as other e-wallets such as Skrill and Neteller. Another feature of the broker is very fast transactions, up to 12ms.

How much do you risk in total to make big profits at ago? in General Nov 29, 2020 at 13:51

It all depends on each particular situation - sometimes you can increase the risks significantly if you believe in what is happening. And sometimes you regret $1 because you realize that there is no potential at all.

i need help. in New Traders Oct 12, 2020 at 17:22

Try to think of some ritual or rules by which you will end your trading day. For example, it can be up to 10 orders per trading session. The same is true for losses - you need to limit your daily losses so as not to lose everything.

justfx in Trading Systems Sep 01, 2020 at 17:19

It's nice to see that today such original formats are created. It turns out that today even traders with minimal experience can start active and profitable work, for me this is just great news.

WageFX MAM - Grow and Save in Trading Systems Aug 20, 2020 at 15:57

These are big goals and big ambitions.I wish you success.

Top 5 Fundamentals of Forex Risk Management in General Aug 05, 2020 at 17:18

All the points are important, but to me, the most important point of all is stop loss point. Many people ignore them, thinking that this tool somehow interferes with their trading strategy and stuff like that. But it isn't like that at all, but only a big misconception. The importance of stop loss in risk management is much greater than some of its dislikes are willing to admit.

Newbie wannabe Trader in New Traders Jun 07, 2020 at 15:15

I agree with the previous commentator) Maybe you just rushed to open a real account when you need some more time to demo. Different people spend different amounts of time preparing for real risks, from a couple of months to a whole year. It's also cool that you've been trained on babypips, there's good training. Eventually you'll gain experience and will not be so nervous, but on the contrary you'll be more confident in yourself and in your knowledge. Visit more forums, read additional articles about trading, spend a little more time on demo. And of course, don't forget...

$100 to $100K Challenge (Long/Short Cycles) in Trading Systems May 22, 2020 at 20:26

Your system looks good. I haven't tried it yet, but I'm a little skeptical that you can make 100k by trading. Although according to user feedback, the system is working, so I'll give you credits in this. I like that you are constantly adding to the system more explanations so that users can better understand how it works. Way to go!

TeleTRADE in Brokers May 11, 2020 at 11:44

After 4 months of usage I can confirm that the broker withdraws profits fine. Could be better speaking of spreads, but I can forgive that because of reliable connection and flawless withdrawals.

What is Pip ? in New Traders May 09, 2020 at 10:23

Every beginner who wants to understand the intricacies of trading on the currency market must know what a Pip on Forex is, as this concept is mentioned in the Forex literature quite often.For currency pairs, a pip or point forex is usually one decimal American dollar. Also, 1 pip can be equated to one basis point or a hundredth of a percent.A unit of one pip at Forex is a small indicator in the change of one or another currency pair.So, if you still ask yourself a question: how much is one pip, then you need to understand once and for all that this is the minimum price change of a currency pa...

Money Management in General Apr 19, 2020 at 16:10

Forex is all about money We are all in it for the money and nothing else. It is also very clear that in forex we can lose that money in just a few days if we do not manage it properly. Some people will say that management is not important and that it is all about knowledge but I say that they are both important. You moght know alot of things but stil make poor decisions with your money because you do not know how or when to apply your knowledge. It is also eveident that different traders have different ways of managing their money. Sometimes only you have the solution to your problem. Develop ...

Luck is important in General Apr 12, 2020 at 18:40

Yep, some people really got lucky for some time and then they really start to move on with that like they really need it absolutely and possibly. While some next their steps will not guarantee basically anything out there, be carefull.

Can forex trading make you rich ? in General Apr 07, 2020 at 18:59

The only way you can be successful in forex trading to become rich is by beong a skilled trader. If you can trade as a professional then it is possible. The only catch is how much time is required to become a skilled trader because it may take even a decade for you to fully master forex and get the best out of it.

Can you become millionaire through expert advisors? in New Traders Mar 12, 2020 at 17:22

I don't know how to become a millionaire, but I'm definitely convinced that Forex and any other such directions can help to earn a stable income and not for a long time. A lot depends on your training and how actively you trade. This is also a business in its purest form, what kind of restrictions can we talk about?

When you choose your pair. in New Traders Feb 24, 2020 at 12:24

I do not have a favorite currency pair, but I do not like to trade with the Japanese yen, I have never had a difficult situation with this asset, the feeling that it lives its life outside the market.

EURUSD	1.07544	GBPUSD	1.2504	AUDUSD	0.65965
USDJPY	154.572	USDCAD	1.37184	USDCHF	0.90791

Posts by Thines1