FXOday's Посты - Страница 15

What is a robot? in Общее Nov 04, 2021 at 23:27

Robot trading is software to make automatic trading without human intervention, it work based on logic inside the software, there are thousands of robot created by an expert, but not all robot can work profitable, there are so many robots that caused margin call account, so before use robot for real trading, needs deep research to know how it works.

How to choose a regulated forex broker? in Общее Nov 03, 2021 at 23:06

A regulated broker is an important matter for the trader, especially them as professional traders will surely use a regulated broker because has higher standard security and more comfortable to use the service, I am also of course use regulated broker by ASIC, FCA, and Cysec, I have good experience with this broker so far and no intention to looking another broker at this time.

Every newbie should practice in Общее Nov 01, 2021 at 22:50

Just like as want to drive the car, learning theory indeed help to understand, but without practice, it will become useless because, in real life, the driver has the courage to drive, while without experience and practice, driving a car will become a hard thing and scary because no experience, therefore in forex, without experience and practice,, this is scaring business because we can lose money.

Are you afraid to lose your trade? in Общее Oct 31, 2021 at 22:42

Loss is part of trading, usually if afraid with the loss will mess up the trading plan, trading needs to keep in mind if loss is sometimes inevitable, but we need to make risk management using stop loss or another trading strategy, if we afraid, hence will doubt in trading and this not good for the end result

Purpose of demo trading in Общее Oct 28, 2021 at 23:07

Although beginner traders can jump to use the real account, however, it's not good to step, and maybe will close to suicide account, trading forex looks simple in theory, but actually complex and complicated in reality, this is need skill to work profitable, demo account is a good and free place to learn how to manage money and finding good and suitable trading strategy.

Which Broker is Best for High leverage ? in Общее Oct 27, 2021 at 23:10

I don't think choosing leverage 1:1000 is good for a newbie, even it is useless, and harmful account, because high leverage can lead traders to become greedy, over trading and this is not a good way to manage money in the forex trading market, my broker offer leverage to 1:500, but I only choose leverage 1:200, swing trader choose this leverage is enough.

Broker and regulations in Общее Oct 26, 2021 at 22:36

I use regulated broker, the company has regulated by ASIC, FCA, and Cysec, I think the regulated broker is important to pay attention to, although not all regulated broker is good, besides regulation, also review among trader, broker that has reliable and trusted, they will get positive review among trader,

How much should you invest in trading in Общее Oct 25, 2021 at 22:16

It depending your want to start, now forex online trading can start with low deposit even use $1 trader can use the micro account, but the trading condition in the micro account is different with STP and ECN account, and to start trading in STP or ECN account, start with $200 already good initial capital, but they also need to measure trading skill, if not yet ready they can invest small money to start.

Trading without stop loss in Общее Oct 24, 2021 at 23:29

Stoploss is one feature to manage the risk in trading, a trader can measure the limit risk in every plan trading according to their preference, how to place stop loss also depending with each trader, there are a trader can use 100 pips stop loss and there are trader that uses tight stop loss, some trader use risk-reward ratio to manage profit and loss adjusted to their trading strategy.

Which Broker is Best for High leverage ? in Общее Oct 21, 2021 at 23:59

In my account only use 1:200, the higher leverage that offers is 1:500, but I see there are so many PAMM trader they like to use leverage 1:100, I just thinking if any trader looking broker with high leverage, they will trade high risk like want to use such trading strategy like as martingale or averaging trading system, because this strategy need make more transaction, high leverage allows them to open orders using smallest margin requirement

Most traders don't get success in Общее Oct 20, 2021 at 20:33

Maybe yes maybe no, I think successful traders only for them that always hard work and smart work, they want to spend time learning and have a good mindset, because forex trading is about how to manage money to make money, choosing trading pair also important to get good pair with a strong trending market, the easier trading is when the market in strong trending, but waiting this moment is not always to come.

How much should you invest in trading in Общее Oct 19, 2021 at 23:24

I think better keep obey rules investing money in risky business, just spent money that affords to lose, if still beginner they can start small use the micro account, and intermediate trader they can using bigger capital using STP account, a different trader has the different level skill, so make sure when you already spent big money, get supported by your skill, so it not waste money, but if still often worse in trading work, don't spent to big money because riskier

Broker support is important in Общее Oct 18, 2021 at 22:52

Broker has a big role for all traders, it's like a bridge between trader to the market, but not all broker is good, there are so many scammers in the forex industry, and choosing broker becomes very important to look reliable and trusted company, and not all broker allow such trading strategies like as scalping and hedging, the trader also need to reading term and condition

The beauty of forex trading in Общее Oct 17, 2021 at 23:13

Forex business is one great business, this is a business where a trader will become own boss, we can trade anytime, day or night, working from home, take a risk from home, make money from home, but how to make money from trading is not easy, so better trader have main source income, so if losing money in trading, they have main income for daily necessity

Confidence is very important in Общее Oct 14, 2021 at 23:22

Yes, of course, confidence is important, if forex market like a girl, you as the guy should be confident to make approach the girl, but the confidence should in fair level, don't overconfidence because it will drop your reputation, women will like to you as natural guys, if likely one girl rejects you, still there are so many another girl waiting for you, market forex remains there, one day get fail still many chances on the future, just need to make efforts and try again.

Scalping is good in Общее Oct 13, 2021 at 22:25

Scalping is good, but not all traders like scalping and are suitable with scalping, this is short term trading, need high concentration to the market because missing one opportunity will losing good chances to make a profit, but now there is so many scalping robots used for automatic trading, the trader only needs to manual monitoring and do something when needed.

Don't go against trend in Общее Oct 12, 2021 at 22:41

Trens market is unique, how to understand with the trend market need to learn market behaviour, because this trader learns how to market movements in the Asian session, London session, new york and Australian session, there is each average daily movement on each session as a conclusion, and the busiest market is London overlapping New york session, as logically two markets meet on one time will increasing volume transacrtion.

Making consistent money in Общее Oct 11, 2021 at 22:11

Forex trading is simple but not simple to make a consistent profit need good skill trading, an alternative trader that always fails in trading is they looking for copy trader and PAMM trader that has good track record along their trading career

What is a robot? in Общее Oct 11, 2021 at 00:32

Yes, I think good beginner learn manually rather than relying on robot, but sometimes not all trader can work profitable although already have more experience, using robot trading is one way as investor trader want to make money from forex business, another way for investor trader is looking social trading and looking, good PAMM trader.

MetaTrader4 (MT4) vs MetaTrader5 (MT5) for beginners in Общее Oct 07, 2021 at 21:53

I am still using mt4 trading platform in my broker, although they offer to use mt5 and TickTrader, I am still use mt4 to manage account STPmt5 as I know they get improvement for the chat room, timeframe, etc``.

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