hjacob's Сообщения

How to break out of a funk in Новые трейдеры May 16, 2017 at 07:24

I completely agree with this it happens to everyone some or the other time. However, in such situation taking a break is the best way out. Review your strategy and come up with a re-defined trading plan inclusive of all the money management techniques and with a mind set up to give a fresh start.

DEMO ACCOUNT vs LIVE ACCOUNT in Новые трейдеры May 08, 2017 at 07:35

Yes it’s true that one must demo trade for as long till he gains enough confidence. However, even starting with the small real account should be taken time. If a trader is not confident then he must not get indulge in live trading so early.

DEMO ACCOUNT vs LIVE ACCOUNT in Новые трейдеры May 03, 2017 at 07:37

Yes, that’s also a very good point to be mentioned. Requotes are inexistent in demo but one might often get requotes in live account. So always go for the broker that offers least slippage or requotes in live account. If you notice a lot of slippage in live account, then it’s time to switch the broker.

DEMO ACCOUNT vs LIVE ACCOUNT in Новые трейдеры Apr 28, 2017 at 10:14

Yes absolutely, demo and live accounts are more or less same. The difference is psychological as while trading in live account our real money is at stake which make one feel more concerned. However, yes having well developed strategy can make you succeed and overcome this psychological barrier. Demo accounts can also be used for testing strategies before going live.

DEMO ACCOUNT vs LIVE ACCOUNT in Новые трейдеры Apr 25, 2017 at 09:06

Absolutely right and a wise decision to start with only that much amount which you can afford to lose.

Do you prefer fixed spreads or dynamic spreads? in Новые трейдеры Apr 19, 2017 at 09:22

dynamic spreads are the real market quotes so there are no chances of markups. many ECN brokers even provide spreads on major pairs starting from 0 pips. However, i do not prefer fixed spreads as brokers manipulate them. I prefer paying nominal commissions additionally rather than having fixed spreads.

How to Be an Expert in Forex Trading: Some Tips in Общее Apr 19, 2017 at 08:54

The most important mantra to be an expert in forex trading is trade with discipline and consistently follow your trading plan. Successful trading is directly proportional to how disciplined one is, and despite of having best trading strategy if a trader doesn’t trade in discipline it can all be ruined.

How to Be an Expert in Forex Trading: Some Tips in Общее Apr 17, 2017 at 07:29

Rightly said, combination of all the above factors mentioned is really very important. One must know that forex success is a mixture of preparation and zeal to become a successful trader. It takes consistent efforts and discipline to yield success.

Should Newbies turn to signal providers rather than trading themselves? in Новые трейдеры Apr 12, 2017 at 08:19

Well manual trading worked for me but yea I do not deny the importance of signal providers. It’s just that I prefer manual trading.

Which Broker to choose for US resident? in Опытные трейдеры Apr 10, 2017 at 08:42

You can refer to this list mention on babypips (http://forums.babypips.com/forex-brokers/36221-going-offshore-escape-cftc.html ) to find the brokers that accept US clients.

How do you keep up to date with trading news/ events/ opinions? in Новые трейдеры Mar 23, 2017 at 13:19

I personally prefer Economic Calendar (www.investing.com) the most. However for reading good quality informative articles and analysis one can go for the market watch & fxstreet. Analysis by Kathy Lien is also very good and gives clear picture of the currency market.

Honest truth about forex..... in Новые трейдеры Mar 20, 2017 at 11:18

Honest truth about forex is that it is not a get rich quick business. In order to make forex your only profession and earn living through it you really need to work hard understanding the market, learning concepts and get experience. This market tests your patience & discipline. However with utmost desire to learn and trade you can surely succeed. Regular practice and learning from one's own mistake help traders the most.

Best pairs to start? newbie here... in Новые трейдеры Mar 17, 2017 at 08:41

Being a newbie, person should look for the currency pairs that have stability and liquidity. And that is why EUR/USD pair specifically comes to mind as this currency pair has very high liquidity as well as stability. GBP/USD pair can also be looked for earning good amount of profits as this being a highly volatile currency pair.

Should Newbies turn to signal providers rather than trading themselves? in Новые трейдеры Mar 15, 2017 at 08:18

Whether being a new trader or an experienced trader, signal provider should always be the second option to go for. Manual trading provides with an opportunity to manage your own risks, by trading yourself one gets sense of confidence to trade more. Undoubtedly losses will be there but learning from them would help you become a successful trader in future. In my view signal providers option is to be opted only when you don’t have much time to trade and wants to earn some extra income.

How to keep organized trading forex? in Новые трейдеры Mar 07, 2017 at 11:36

Yes absolutely, that’s why I said without proper organized trading structure there would be lot of discrepancies and all the problems one like lack of management would easily creep in. Simply organizing and planning everything beforehand can help one avoid all these issues.

How to keep organized trading forex? in Новые трейдеры Mar 01, 2017 at 11:26

Lack of organized trading structure can result in missing opportunities, giving up huge profits and risk management mistakes. These mistakes kill the trading systems. In order to become an organized trader firstly you need to plan your trading. Secondly, set proper times to trade and stick to that. Build a risk management strategy, use journals to maintain your trades. Taking notes of the major news, events or ideas can also be helpful. Very little time spent in organizing your trades can enhance your trading potential and bring about fruitful results.

Beginners - Kill your emotions in Новые трейдеры Feb 23, 2017 at 10:41

Thread is apt. beginners ruin their trading by bringing the emotions in role. It is very much important for the traders to control their emotions while trading. Discipline and self control are very necessary in trading. Beginners usually ruin their accounts initially due to emotions but this seems as a lesson for them to first learn and then trade. Experience is the best tutor and here also it applies well. Controlling emotions is not easy but we must restrain ourselves.

Are you loosing money in forex? in Новые трейдеры Feb 22, 2017 at 10:37

Of course everyone search for an opportunity to convert losing trades to profitable ones. Sometimes it is not that easy to judge which trade is losing and profitable, but once you are consistently making profits on a particular trade and total losses are increasing in amount then it’s a signal that you are making losing trades. However, there might be chances when you make few losing trades in between then it is not necessary that complete trade is loss making. Always take risk as per your loss bearing potential.

Are you loosing money in forex? in Новые трейдеры Feb 20, 2017 at 12:25

Losses are part of game and are related to every business. Everyone lose at some point or the other. The fact is how quickly one recovers from those losses and builds gains again. Just don’t get your loss get over your mind and destroy your mindset.

What do you wish to achieve through forex? in Новые трейдеры Feb 19, 2017 at 07:29

Thanks mlawson :) I wish you the same for your goals.

EURUSD	1.07497	GBPUSD	1.25034	AUDUSD	0.65902
USDJPY	154.722	USDCAD	1.37362	USDCHF	0.9091

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