ema123's Posts | Myfxbook

FXBrew in Brokers May 14, 2019 at 11:44

FXBrew’s growing admiration about the service and withdrawals regularly on forums led me to open an account with them. Though I was a little tensed about the whole idea at first, but now I can openly agree with all the other traders, FXBrew has lived up to my mark. My withdrawals are always processed within 48 hrs and I have no complaints or whatsoever with the spreads or order execution speed. Great broker to trade with.

Trading the cryptocurrencies Bitcoin,Etherium, Litecoin etc.... in Crypto Jul 26, 2018 at 07:14

Bitcoin has already surpassed its long term downtrend line and with its recent rally above 8k the bullish sentiments still look intact. its just a profit booking going on currently that might extend to $7900 maximum and it rather can be a good buying opportunity for those who missed the previous rally. because Bitcoin is going to 10K for sure very soon.

EUR/USD in New Traders Jul 24, 2018 at 10:10

Yesterday, we saw some profit booking in EUR/USD and today, selling has started. We think that for the rest of the day, bears will be calling the shots. On 4-H chart, the pair is trading with slight bullish momentum which we expect to not last very long. For the day, the pair has four targets at 1.16719, 1.16633, 1.16537 and 1.16381 level.Moreover, MACD indicator is in support of the bearish move with MACD line below the signal line, which depicts selling pressure.On the upfront, the pair might face first resistance at 1.16833 level. A break above this level, next resistance will come at 1.170...

Binance anyone? in General Jun 15, 2018 at 09:17

Binance is only a crypto to crypto exchange. They do not support fiat currencies. Do you want to trade just cryptocurrencies? or fiat too?

Investing in Forex in General Jun 12, 2018 at 13:47

I AGRREE WITH YOU! In my trading career I have met newbies who set some unrealistic expectations right from the beginning and do not pay much heed towards learning and practice. As a result they get caught up in emotional trading and blow up their accounts real bad to ultimately quit trading. Anything and everything can be achieved with right knowledge skill and practice and Forex is no rocket science. It demands the same habits.

scalping is risky ? in General Jun 11, 2018 at 12:54

Yes! Everything comes with *conditions applied. Scalping is a trading strategy with can yield profits for a trader but if managed with proper effort, determination and smartness. There is no easy money that can survive a long way and when people understand that concept, profits will come consistent.

scalping is risky ? in General Jun 08, 2018 at 13:21

FX market is all about the risk and reward like any other business, so have the required knowledge and the experience of what you do . And scalping is risky if it is done blindly. Identify the trend first if you want to make profit from scalping. So do not play blind as a little profit making trade can take a huge part of your balance if the strategy is not followed properly.

Forex is Hobby ? in General Jun 07, 2018 at 06:38

It totally depends on traders. Some people tend to follow forex trading so passionately and vigorously that they can have the risk to pursue it as a full time career. But that cannot be the case for all as forex trading is no piece of cake. Sheer dedication, control over emotions and sticking by the rules are some important traits of a full time trader.

Trading the cryptocurrencies Bitcoin,Etherium, Litecoin etc.... in Crypto Jun 05, 2018 at 13:46

Bitcoin is facing a key test to climb above the immediate resistance of $7600 sustainably. Above this level, it has to target the long term trend line level of $7800 once the bulls are back in action. However, the downside suggests that the major is holding on to $7350 level of support from where it could turn upside. But if it fails to do so, we can expect a drop till $7200.

Forex is profitable ? in General Jun 01, 2018 at 13:42

Yes Forex trading is profitable only if you know how to trade. No doubt it has a great profit potential but at the same time it is very risky and requires experience, skills to earn such profit. Forex trading is not just about, you decided and start trading. Forex trading seems very simple but you actually need to put a lot of efforts to be good traders. You can simply start with understanding the market, have the knowledge of the market, how it works, how to implement trading strategies, market psychology.

more than 1 broker at the same time in New Traders May 19, 2017 at 08:18

Agreed! There’s no harm in going for more than one broker at the same time. It can actually benefit your trading strategies. At least it did for me. I mostly do long term trading plus day trading sometimes and have been operating with tickmill and finpro trading. I am taking benefits of both good trading conditions and low spreads. Diversifying your risk is always better.

Is there such a thing as an honest broker in General Apr 28, 2017 at 11:03

Agreed with your point! It’s sad to know that because of some scammers, the whole industry’s reputation is sabotaged. However honest brokers do exist. It just that traders need to be careful while choosing a broker.

Beginners - Kill your emotions in New Traders Apr 21, 2017 at 06:44

well I agree demo trading doesn’t directly help in fixing emotions as demo will not trigger any emotions as real money is not involved. . It’s just if a newbie rushes into live trading without learning the basics then he tend to be more emotional with his trading so demo helps to gain knowledge.

Beginners - Kill your emotions in New Traders Apr 18, 2017 at 07:47

Restraining emotions is one tough task for beginners as emotions are directed by fear and greed. To avoid emotional trading to certain extent a newbie should set realistic goals first and adopt a tried-tested strategy with discipline. Demo trading is a good idea for the beginners to get to the nerve of forex and enhance their knowledge at first. I know demo misses the factor of real money which actually brings emotions with it but it gives an insight about the trading pattern one can follow.

Advices and Tips on Commodity Trading in General Apr 13, 2017 at 06:53

Commodity trading offers huge profit potential but for anyone willing to trade in commodities, I would recommend them to do complete homework as commodity market involves high leverage instruments thereby increased degree of risk. Other than the theoretical know how also focus on price analysis and news events.

lose professionally is the key to success in New Traders Apr 11, 2017 at 08:13

Indeed one needs to have a disciplined approach to their make way in Forex trading. Risks is inevitable but always take a calculated risk and follow a trading strategy to get the best results from the opportunity.

Best pairs to start? newbie here... in New Traders Apr 03, 2017 at 09:58

😁 great! i like your clarity about the pairs you want to trade. good going! its important to know which pairs are suitable for your trading style.

Are you loosing money in forex? in New Traders Mar 20, 2017 at 11:24

Traders also lose money when they fail to recognize the opportunity and also are reluctant in exiting a bad trade which results in a blown account.

Best pairs to start? newbie here... in New Traders Mar 17, 2017 at 12:49

Ohh Alright! Which all pairs you like to trade then?

How to Be an Expert in Forex Trading: Some Tips in General Mar 15, 2017 at 09:45

In order to be an expert in trader one should:• Study well about the forex markets and learn a specific strategy. Test the strategy in demo account for some time and then move ahead.• Make sure you are prepared to enter the markets.• Maintain a trading journal and note down all your mistakes that led to losses in your trade• Don’t lose temper and get vengeful if you lose a trade• Have a proper trading plan while you make the trades

EURUSD	1.07599	GBPUSD	1.25452	AUDUSD	0.66091
USDJPY	153.053	USDCAD	1.3685	USDCHF	0.90475

Posts by ema123