Search results

Should newbie use Pamm? I've heard so many losing pamm stories where managers lost in a lot of trades and where investors put in millions of dollars and they're very real. So because of this kind of high chances of losses with managers, newbie should be aware of pamm and use cautions with it...

Does stop losses cause long term losses? I know that its safe to use it in some cases like long term trading and to protect your account in short term trading, while many scalper do not use it cause they do not have enough time when they spot a trend. If you set it too tight and do not allow...

As a newbie, you must also avoid swap charges for holding the currency overnight. The swap charges can also be unwanted and cause you to lose money so do beware of that. Holding currencies over the weekend do not have that many advantages as the market moves really slow on the weekend and...

When you're new to forex, its important that you learn to stay calm, cool and collective and avoid gambling with your money as well as not throwing all of your money in one basket. Also, its important to understand the high risk of forex and proceed in a controlling manner and build it up...

I know that when you recognize and admit your weakness, you will then become a better trader. Its like the Forex anonymous program you know. Once you know you have a weakness you will work harder to improve it. I have a weakness. I admit to looking at the broker's chart way too often and way too...

What pairs do you dislike the most? For me, the pairs with highest spread are my least favorite cause its hard for me to cross over the spread point to make a profit and I have to wait for a long time if they do go over that. I like the popular ones due to low spread and high volumes on trades...

How much risk do you take on your trade? For me I only use leverage up to 500 and that is it. I do not use more than that. I know some who would go up to 1000. Its ok for them if they have experiences and capital and make more profit than losses. How much do you use to trade each time? I do not...

What kind of forex market news do you follow daily? I know in order to be an astounding Forex trader, you must know news daily or else you will buy the wrong pairs at the wrong time. So, please share with us your best source for forex news so we might look at them too. I use places like dailyfx...

What is the best forex forums online that you have came across? I mean those might not be ptp forums and they're more genuine and less censor as they're not ptp. I found those to be more honest and less of censorship and many posts that are very interesting and entertaining. What about you? What...

What do you do while waiting to exit a trade? I usually file my fingernails or read some news on a separate smaller tabs. I sip on some coffee. I do text my friends? I play on my phone. What do you do to allow time to pass while you wait on your trade?

There are many non-paid forex forums online and in those, many members are saying that there are a lot of scams con artist trying to get people to sing up and invest their money an then take off. They try to get people to follow them and chat up and then invest in them but they turn out to be...

I was wondering if any of you had any strange experiences with your brokers and if you mind sharing them here. I get a call from my brokers too often and I'm not liking it. They keep calling you to talk to you about depositing and trade. I get really irritated at constant calls when I sleep in...

Do you think hardcore poker players will love or be really good at forex? I think forex is easier than poker and if the poker player know of such opp he will choose forex instead of poker since not everyone will earn in poker but you will all earn in forex and there is no competition between...

Anyone here look at forex as a sport to them? Its a hobby to you. Forex is kind of like a sport to me and a hobby almost. I make money but I also look at it as fun and a chance to compete. I've always loved sports and want to be a champ but hard to qualify. So here is my chance to play in forex...

If you're in the financial industry then I think owning a forex business or act as a full time trader can be useful in some financial jobs. It will show that you know how to trade or have management in forex experiences if you were to become a manged fund manager or do something in forex like...

Not everyone can trade or like risking their hard earned money but the majority of people or friends of mine would be happy to know of such opp. I know some friends who do not know of forex or if there is such an opp or else they would take advantage of it. I mean if people go to Vegas, then...

If a person keep on losing, there are many explanation for this. One he open trades that might go bad and he knows it but do it anyways cause he's either a gambler, addicted to forex or is impulsive and can't control himself and he works full time in forex and needs money so he opens anything he...

That is something to get upset about. I do get upset when I have time but the market is closed like on the weekend so I'm pretty much doom or when I get home the only market that is open is Tokyo but they're not as high in volume as NYC or London so I'm pretty upset. I get upset if my...

I like to copy trade sometimes. On Etoro, there is this trader from India right now, who have over 99% success and he has over 6k copiers. I mean he made profit on most of his trades like 99% of the time. Now that is amazing. He's an older guy. I guess he has experiences. I mean I do make good...

Well, we can try to use but there are drawbacks to that too. I mean you can guess a certain price but it doesn't mean that the trend will hit it if you set it too high so you might lose when it turn downward rather than to the point that you set so you basically have to set it lower to make sure...