Search results

I think 100% is not achievable in forex since no one can tell how the market will behave. Its best to stick with management and we will lose less. I think some traders are better at prediction then others. As you gain more experiences, you will have higher probability in your prediction. It...

I'm lucky. I do not have emotional problems. Its best to look at forex in an objective way. Its either I lose or I gain so why worry. I will either lose or win so I will do my best to win. The more you trade the less you fear. The more you know the less you worry. People only worry if they do...

Well, not many forex traders who know how to trade will use hyips so sometimes we do not taking hyips into consideration since most real traders earn so much more inforex. So, when talking about just sound investment, forex is very risky. I don't think hyips is sound investment, its a ponzi...

I'm happy to choose forex. Its a great side gig and something to keep me busy when I have free time. I need things to do in my free time so forex is kind of fun and help me earn a little bit so its a great thing that I've walked in so far. I love forex for the profit and how I can get involve...

Well, if he lacks management skills like he would open trade just for fun or open trades when he clearly knows it will head downhill then he will lose. Or he open trade during a Friday or open a long term trade on a spiking Monday. It makes a huge difference in the amount that he will earn and...

As long as you stay away from scammy ones and then ones that charge high spread or snipping then you should be ok. Usually new brokers should be on your risks list as well since they're new, they do not have experienced and might be low on cash flows and have many disorganization and also have...

Of course, right, why would you trade pairs that can't earn you profit. Its only common sense to use pairs that will yield the best results right. I would think so as a trader. I only use popular pairs that have performed for people so I would use it for myself like euro/usd, euro/yen,gbp/yen...

There are scams potential out there. We must watch out for that. This is why I will only trade with the most popular brokers since the mass are right most of the time. If ten k people use it for ten years then the broker must be doing it all right. I think if there are no traders, new brokers...

Its kind of fun to look at your past winning. I mean you learn so much more when it comes to losing records. You look at it the negative numbers and then think what went wrong there. Its always good to always keep a tab on your performance and you learn from your past mistakes. I learned a lot...

During news time you can scalp so scalper might trade more often during news time. When there is good news, the price can shoot 100 pips above so its a strong trend to scalp and not necessarily bad for traders. It can be scary for newbie but an experienced trader can do news. It all depend on...

I think sometimes greed can harm you. You might use too much capital and leverage cause you hope to gain some high profit but ended up losing really high amount of money so that situation is very likely to happen to anyone. There are those who lose couple of hundred of k and if we lose like...

Some bots are just bots and some signals might not be that accurate or good and some signals services are actual scams to sell to forex traders. I think just understanding news and market psychology can help us trade. We will see why price will move a certain way. I mean there are so much news...

I say learning the fundamental and technical and then practice in a demo is like the prerequisite for forex. We must know in order to make money in forex. If we don't know we will suffer a lot as a result of it. In forex, its all about knowing the more we know the more money we make. If we don't...

I mean there are criminals in all gambling hall but no one stop them from playing right. They can trade if they wish to trade and as a matter of fact, when it comes to things like forex, most of the traders have really unique backgrounds so we have to keep that mind. I mean nice people rarely...

I have many strategies and I see a need for it in forex. In forex the market changes all the time so to say that you only use one strategy is simply not enough. We need to use more than one strategy if we want to make money. I mean there is short term, long term, scalping and such so for those...

To be successful you must know fundamental and technical well enough. You must also have a lot of experiences in opening trades and see how to gain and lose in forex. You must know a lot about the news market as well. You must understand market psychology and demand. You must now which pairs to...

I like to be a full time trader but sometimes the market is so poor you can't afford to sit at home and wait for a profit. Its best to have a side job to keep up with our finances. When it comes to the risky nature of forex, one should only do it if he can't find a job. If you can work then you...

I think if the trader loses all the time he should sit down and assess his work. There must be something wrong in order for the person to keep on making errors. I mean there are many opp to make money so you should not lose all the time. A good trader can make profit in most of his trades...

Some business finance majors do learn about forex but just the idea of it but not how to trade though. Its the same as saying that college should teach people how to play pokers, how to strip tease, how to bet sports games and so forth. Cause the risks of losing is so high I don't think the...

No one can stop the impulsive trader if he wants to take big risks right. I mean he can do what he wants with his money. I mean there are so many gamblers out there who throw so much money on the table without knowing one thing about the game so who are we to stop them. But if the trader is...