Forex
Sep 28, 2018 at 05:36
RichPort posted:
Demo is great but micro is better. Just risking a few cents is enough to really change the game and they way you trade. I would rather lose $500 from 3 months on micro than spend 3month on free demo. I would learn more from micro
Yes, sometimes it corrects! Generally, demo is out of emotions & traders face 1st time when they go live with their real money.
Member Since Sep 28, 2018
10 posts
Sep 28, 2018 at 10:36
i still like demo. Good for testing new strategy and find out how to manage risk
Oct 03, 2018 at 06:49
Learning is the foremost ways to keep survive in this volatile trading place in a proper way. But sorry to say maximum traders who are particularly newcomers try to make money from here without learning. As a result they become loser when trading practically. It would be great if we choose the broker which always ensures best trading environment for learning this trading place by providing exclusive educational facilities.
Oct 03, 2018 at 12:04
RichPort posted:
Demo is great but micro is better. Just risking a few cents is enough to really change the game and they way you trade. I would rather lose $500 from 3 months on micro than spend 3month on free demo. I would learn more from micro
I agree about learning but still the question is, who is willing and why you're willing to lose $500? Having this kind of thought is no different than trading demo. You might answer why am I wasting 3 months away. well, another question is why can't you take demo a serious account and practice the habit and strategy as much as possible? It does not hurt to use serious demo a/c for few months.
Member Since Aug 30, 2018
25 posts
Oct 04, 2018 at 07:36
commonly for the new trade , the first thing they should be doing to do more of the learning. The beginners do not know what way to go in the Forex, and therefore they are always confused, it's better when they take their internship and learn very seriously so they can learn better.
Pips are absolute aphrodisiac, so trade with your brain not your lust. Forex will always be the same.
Oct 04, 2018 at 07:44
FastAudi posted:If it's a bucketshop they will not aim to teach you anything. Nobody will invest the time and effort to write educational materials at a bucketshop. They need fast client turnover, not people who spend time learning instead of trading...
You can't trust the education facilities provided by a broker. if it is bucket shop then they want you to lose so that they can take your money. Better to get education from places like myfxbook
One of the best free forex courses I've seen is on BabyPips.
Member Since Sep 19, 2018
27 posts
Oct 04, 2018 at 07:47
FastAudi posted:
You can't trust the education facilities provided by a broker. if it is bucket shop then they want you to lose so that they can take your money. Better to get education from places like myfxbook
I agree 100%, there education material is garbage,
Just for fun what is the worst experience anyone has ever had with a Broker or Account 'Manager'.
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Oct 04, 2018 at 10:09
In Forexd trading we the traders first of all have to make sure a best trading broker for leading a secure and comfortable trading life, because the trading broker can affects the result of our trading with certainly. we can choose regulated trading broker which guarantee their clients funds.
Member Since Feb 22, 2011
4862 posts
Oct 04, 2018 at 12:43
voketexpert posted:
commonly for the new trade , the first thing they should be doing to do more of the learning. The beginners do not know what way to go in the Forex, and therefore they are always confused, it's better when they take their internship and learn very seriously so they can learn better.
Well said.
Always practise as much as you can
Trading real money is also important to strengthen your psychological resistance
Oct 05, 2018 at 06:57
My suggestion is:
In MQL4, after the position has been opened: Just close the terminal window, and don't open it before the exit criteria has been met :)
That is the strategy for controlling emotions I am going (trying) to implement. Keep enough capital in your account so one unfortunate trade wont affect you.
Trading with microlots can be rewarding, too. Like said, trading with 0.01 lots or even smaller.
In MQL4, after the position has been opened: Just close the terminal window, and don't open it before the exit criteria has been met :)
That is the strategy for controlling emotions I am going (trying) to implement. Keep enough capital in your account so one unfortunate trade wont affect you.
Trading with microlots can be rewarding, too. Like said, trading with 0.01 lots or even smaller.
Member Since Sep 19, 2018
27 posts
Oct 05, 2018 at 10:14
niceGLer posted:
Err.. Of course, I tried to say MT4 not MQL4. With terminal I mean the window just below the charting window. Maybe it would be good idea to close that terminal window, so it is out of mind how much in loss the Equity is :)
If I understood you correctly if you press CTRL + T it will remove that section of your Terminal. so you cannot see your Equity.
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Member Since Feb 22, 2011
4862 posts
Oct 05, 2018 at 10:17
niceGLer posted:
Err.. Of course, I tried to say MT4 not MQL4. With terminal I mean the window just below the charting window. Maybe it would be good idea to close that terminal window, so it is out of mind how much in loss the Equity is :)
Well you cannot close the terminal as otherwise you cannot watch the profit growing :)
Member Since Aug 30, 2018
25 posts
Oct 07, 2018 at 06:04
togr posted:
Well said.
Always practise as much as you can
Trading real money is also important to strengthen your psychological resistance
Agree my friend.
Pips are absolute aphrodisiac, so trade with your brain not your lust. Forex will always be the same.
Oct 07, 2018 at 06:26
Mohammadi posted:
in Fx to be a skilled trader is a big deal , but its a long term process to achieve this position , for that reason most of us lost motivation after passing sometimes, so it is more appropriate to keep patience.
Really it is, actually we react instantly here like after losing a single trade! But the success is a long term process here, it takes such a long time to achieve.
Oct 07, 2018 at 12:13
In financial market more than 75% traders leave their trading profession within the 1st 3 years! So, any consistent result is acceptable here! I personally know few successful Forex trader who are making really massive right now, but in their initial stage of trading they made ordinary profit in their trading, so experience pays good!
Oct 08, 2018 at 19:10
in Forex In order to my trading experience, I think For the traders who are particularly newbie the best leverage is 1:20(maximum) attend no 200. But the trader who has 100% wining method in Forex trading can use 1:500 leverage . 1:500 leverage will be best for those traders. But one thing that, all leverage are good. Its only depends on trading strategies and trading plan of a trader.
