null's Posts - Page 7

Beginner's Tips in New Traders Mar 12, 2019 at 15:11

In my experience, the best practice to deal with emotions in trading is to use pending orders instead of market orders .Placing market orders means emotions will definitely affect irrespective of how experienced a trader is and he is bound to make some mistakes by emotions. But pending orders at a fixed market price, stoploss and take profit don't have such problems of emotional trading.

New Forex Trader Here in New Traders Mar 12, 2019 at 15:11

Good Risk to reward means take only those trades which has very high probability of success with take profit and stoploss ratio of more than 2 or even more.But if someone will take just every trade and hope the market will give at least 2 times profit pips compared to his stop loss, then it is a wrong approach.All new traders must reduce the number trades they take every day or every week to half and then, naturally their trading profits will increase since they will take only high probability trades.If emotions create problem for new traders, then set and forget type style of trading is best ...

Learning and earning in General Mar 12, 2019 at 15:01

Correct..But if someone just starts from nothing without any help, then it can even take years of study and own market research and still might struggle to make profit in forex.But with the help of a already successful trader, definitely one can make the learning process faster and at least be confident about his trading system even if he doesn't make profit initially since he will know that the other trader is already successful using the same system.Of course, the learning process always continues for life time and while many successful traders make money at the same time keep learning. ...

Learning and earning in General Mar 12, 2019 at 08:02

true. More bonus means more trading and more losses for the trader and more profit for the broker.So it is always better to avoid any brokers who offers any form of deposit bonus.

Signal Start in Signal Providers Mar 12, 2019 at 07:46

It is usually difficult to find reliable signal providers to continue with them in long term. Same is true to become a long term signal provider as well.Because for someone to become a popular signal provider, he has to make very high % consistent daily return, otherwise, no one will even look into the signals. In order to do that obviously the signal provider has to take high risk in his account.Next, once it becomes a little popular and number of subscribers become more, it becomes the target of big players like brokers or funds who can just manipulate the market price a couple of times so t...

Forex is profitable ? in General Mar 12, 2019 at 07:43

Forex is profitable if someone knows what to do and what not to do in forex trading like any other business.

Choosing the Right Broker in General Mar 10, 2019 at 14:43

Apart from simple scam brokers or market maker brokers, there are so many regulated and well known brokers who play very dirty tricks on their back end to make traders loose and such things are almost impossible to figure out until you make consistent profit in your account.So whether someone is newbie trader or professional trader, choosing the right broker is very important and the choice should be made based on the account balance someone is trading with and the type of trading system someone is using etc.Otherwise, sometimes even it can take years of struggle for someone to be successful i...

Learning and earning in General Mar 10, 2019 at 08:04

One of the ways to learn trading quickly and easily is to join any trading room of a full time trader where you can trade along with the professional traders who trades for a living. But finding such a truly successful trader who provides such a service to newbie traders is usually difficult.

Signal Start in Signal Providers Feb 24, 2019 at 16:08

Signal start seems to be a good option for both beginner traders and experienced traders to mutually benefit each other under specific scenarios, but not always.If a signal provider will continue to provide very good signals with high percentage returns, then there is always a risk of misuse of trades to get duplicated by one of the followers to copy trades to multiple mt4 accounts. Also, signal start has certain payment limitations which are not favourable for signal providers. For example, the signal price can be maximum 500 USD which is not good for a signal provider, because everyone will ...

Choosing the Right Broker in General Feb 24, 2019 at 08:23

Choosing the right broker is probably one of the most important factor in order to succeed in forex trading in long run. As long as you are making losses in your account, most of the regulated and well known brokers may work just normal. Once you start making consistent profits, you can see the true face of each broker.

Psychology of Forex Trading in General Feb 24, 2019 at 08:22

Revenge trading happens if the system is not well tested with past data and if the trader doesn't have a trading plan or simply if he is gambling.Because gaining knowledge is easy, but applying the knowledge at the right time is sometimes difficult. So trading practice during backtesting a system and forward testing in demo accounts can help newbie traders to succeed in forex fast.

Learning and earning in General Feb 24, 2019 at 07:27

Learning in forex trading is easy since there are many free stuff available in internet, but executing everything in real live trades based on what you have learnt is usually difficult which is needed to earn in forex.

Psychology of Forex Trading in General Feb 24, 2019 at 07:27

In my experience, in order to be successful in trading one must be having a thoroughly tested trading system and must be having a trading plan and the trader must execute the trading plan in each and every trade without fail. In other words, a trading plan must include everything to execute each trade without any emotions. So for a newbie trader it is best to choose a trading system which uses set and forget type of trades by placing pending orders with fixed stop loss and take profit before even the trade gets executed in market. In this way, there is no question of making trading mistakes wi...

QFX Signals_300% Monthly in Trading Systems Feb 24, 2019 at 07:14

Before signing up for the signal please read carefully everything about the system description and important notes mentioned below.System Description:*******************1.Minimum Required balance: 200 USD2.Monthly % return: 300% approximately3.Maximum drawdown: 70%4.Required leverage:300 or above5.Curreny pairs: 8 currency Pairs 6.Maximum simultaneous open trades: 287.Daily Profit pattern: It targets approximately 5% to 7% profit per day almost 80% to 90% of the days and remaining 10% to 20% of the days are closed with small losses.8.Recommended Broker/Account Type: ECN or standard account wit...

QFX Signals_300% Monthly in Trading Systems Feb 21, 2019 at 10:53

Follow the link below to copy the trades of this account:https://www.signalstart.com/analysis/qfx-300-percent-monthly/51986For any questions about the system, feel free to comment in the system thread.If I am not replying in the myfxbook thread, then you can contact me on my email "[email protected]".

QFX 50% Monthly in Trading Systems Oct 21, 2018 at 06:39

System Summary:(QFX 50% Monthly)***************1.Minimum Required balance: 100 USD(Recommended: 1000 USD)2.Minimum Risk per trade:2% to 3%(can be more sometimes)3.Monthly return: 50% to 100% or more4.Expected Maximum drawdown: 20%5.Required leverage:200 or above6.Stoploss: Hidden stoploss between 25 to 30 pips7.Curreny pairs: Only EURUSD 8.Number of simultaneous trades: Only 1 trade at a time9.Martingale: Partial increase in lot size based on risk settings and loss. Note that it does NOT double lot sizes upon every loss.10.Required Account type: ECN or standard account with good spread and exe...

QFX 50% Monthly in Trading Systems Oct 21, 2018 at 06:39

Copy the same trades of this account to your account using the below link:http://www.signalstart.com/analysis/qfx-50-percent-monthly/38457For MAM/PAMM services, you can contact me on my email "[email protected]". Minimum investment 10000 USD or more.

QFX 300% Monthly in Trading Systems Oct 21, 2018 at 06:34

System Summary:(QFX 300 Percent Monthly)***************1.Minimum Required balance: 35 USD(Recommended: 350 USD)2.Minimum Risk per trade:6% to 10%(can be more sometimes)3.Monthly return: 300% or more(UNLIMITED MONTHLY RETURN)4.Expected Maximum drawdown: 50%(can be more)5.Required leverage: 500 or above6.Stoploss: Hidden stoploss between 25 to 30 pips7.Curreny pairs: Only EURUSD 8.Number of simultaneous trades: Only 1 trade at a time9.Martingale: Partial increase in lot size based on risk settings and loss. Note that it does NOT double lot sizes upon every loss.10.Required Account type: ECN or s...

QFX 300% Monthly in Trading Systems Oct 21, 2018 at 06:34

Copy the same trades of this account to your account using the below link:https://www.myfxbook.com/members/Q_FxTrader/qfx-300-monthly/2716098For MAM/PAMM services, you can contact me on my email "[email protected]".Minimum investment 10000 USD or more.

Q_Fx Trading_Real 1 in Trading Systems Oct 09, 2018 at 10:02

System description:***************1.I am trading only in EURUSD pair for now and I place only 1 trade at a time.2.There is a hidden stoploss of between 25 to 30 pips in each trade and hence, technically the loss in each trade can't exceed more than 30 pips except for technical failure. I mean in case if your broker doesn't accept the trade close or freeze your account, then the loss may exceed, otherwise, not.3.I use very high risk of around 20% to 30% in each trade targeting around 20% to 30% per day. But currently it seems to perform better than my expectation, but may not be in futu...

All Quotes
AUDUSD	0.6399	USDCHF	0.91277
EURJPY	164.2	EURCHF	0.9689
EURGBP	0.85408	GBPJPY	192.208
EURUSD	1.0616	GBPUSD	1.24254
USDJPY	154.68	USDCAD	1.38263

EURUSD	1.0616	GBPUSD	1.24254
USDJPY	154.68	USDCAD	1.38263

Posts by forex_trader_565984