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Is demo trading enough before real account?
in
New Traders
Jan 26, 2016 at 12:06
That often depends on the broker. With some brokers I've noticed almost no difference, with others the difference is considerable. Unfortunately this stuff becomes noticeable only after you open a live account somewhere.
Anyone who trades more than 15 currency pairs at a time?
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New Traders
Jan 21, 2016 at 11:08
I never trade with more than three or four currency pairs at any given time. Yes, the total sum is probably around a dozen pairs or so, but I never trade them at the same time, I'm that good at multitasking.
Choosing the Right Broker
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General
Jan 21, 2016 at 11:08
I watched your video and I agree with everything you say. I wish there had been someone to explain all this to me back when I was a newbie, I would've avoided some very unpleasant mistakes. I would also add to that people should probably check whether their broker provides a negative balance protection, i.e. the broker wouldn't go after the a client if their account incurs a deficit claiming that they owe them money, like it happened with some people and brokers during the EUR/CHF drama last year. There's a bunch of such brokers listed here (http://www.forexbrokerz.com/page/forex-b...
Who can help me to trade?
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General
Jan 21, 2016 at 11:07
Set up a demo account and start reading and practising. Like with every learning process you'll have to do the majority of the work. Read and listen tutorials, get some books, practise what you've read. It'll take time but you'll get there.
USD/JPY
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Experienced Traders
Jan 20, 2016 at 11:06
It broke below the support at 116.70, so I too think it will continue falling.
Tips and tricks!
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New Traders
Jan 20, 2016 at 11:06
EUR/USD range doesn't seem to end, I don't know what has to happen to put an end to it.
The monster forex became...
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Experienced Traders
Jan 18, 2016 at 12:19
I have a pretty long attention span, but I admit that I am usually short on patience. What is more, trend following is good, but what happens when there's no trend to follow and the pair in question is in correction? Sometimes all the major pairs are in correction. My point is, trend following can be very useful, but one has to know what to do when there's no trend to speak of.
How to increase trading skills ?
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New Traders
Jan 18, 2016 at 12:18
True. Learning when to cut your losses and get out of a losing trade is about one of the most important lessons for a trader. Unfortunately it's really difficult to ascertain when doing so is being prudent and when you're doing it out of paranoia that you'll lose money.
Gold during this week
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Experienced Traders
Jan 14, 2016 at 11:12
I agreem it will probably test the resistance at 1112 again.
MY experience with Skrill..BEWARE!
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General
Jan 14, 2016 at 11:11
I haven't used Skrill before and I have no opinion about them. I have used Paypal and frankly, I am not too pleased with the process at all. Has anyone used Webmoney (http://www.forexbrokerz.com/page/webmoney-forex-brokers) before? Should I give them a try?
GBP/USD daily outlook
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Experienced Traders
Jan 14, 2016 at 11:10
I think it will continue dropping. It's consolidating after the last move to the downside but the bearish trend is still in place and next target is likely 1.4300.
GBP/USD daily outlook
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Experienced Traders
Jan 13, 2016 at 13:04
I think it's headed towards 1.4200, though it might fall even lower than that.
Expose them.
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General
Jan 13, 2016 at 12:53
I think regulation makes us safer in the sense that if you file a complaint against a scammer at an agency which has official authority to regulate the market and that agency then exposes the scammer, the information becomes so much more widely available to newbies who may buy into the scam otherwise. I mean, the word of an official watchdog agency carries a lot more weight than an anonymous review written somewhere else. Also, one of the first things a person researching the broker they'd like to work with does (or that's what they should do, at least) is to check such official blackl...
Honest truth about forex.....
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New Traders
Jan 11, 2016 at 13:03
Tell me about it. My personal rule is that if I'm not sure what the effect of the news will be, I don't trade them. And more often than not I'm not sure what the effect of the news will be.
eurjpy big move
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General
Jan 11, 2016 at 13:02
I have longs too, although I'll probably close them when it reaches 128.80.
How long do you test you Manual Strategy before going live?
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New Traders
Jan 08, 2016 at 18:34
Personally, I am satisfied after about a month of testing. Sometimes it's obvious it's not working out after a few days though.
GBP/USD daily outlook
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Experienced Traders
Jan 08, 2016 at 18:21
Considering that the pair formed a new low at 1.4532, I think it will fall much lower than that. I can see it reaching 1.4200 in the foreseeable future.
USG Broker Warning
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General
Jan 08, 2016 at 18:21
I was reading this earlier today: "The Australian Securities and Investments Commission (ASIC) issued on Tuesday a notice in which it warned against untruthful claims on www.usgforex.com regarding ASIC regulation. The website claims it is associated with Australian forex broker Union Standard International Group, which is regulated by the ASIC.Union Standard, however, said it is not linked to the website in any way. The watchdog added it does not regulate the services provided by www.usgforex.com." (https://theforexreview.com/2015/12/22/asic-warns-against-fake-unit-of-union-standard/...
Is demo trading enough before real account?
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New Traders
Jan 08, 2016 at 18:21
That is a good idea, but after you've spent at least a few months practising on a demo account. Up until that moment you'll be learning the software and the basics of the theory behind Forex trading. You may not actually be able to fully understand and analyze the differences between a demo and a real account until you've built that foundation of knowledge. Once you've done that, comparing the demo account to a small live account is a very good idea.
Is demo trading enough before real account?
in
New Traders
Jan 05, 2016 at 15:29
First of all, I wouldn't recommend opening a live account this quickly after you just started. The main thing that can boost your confidence is your own knowledge and experience, and those take time.
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