Whether it big or small, the key is proper risk management. Traders has no chance to manage capital for long period, or make it growing if they are trade aggressively. The best way to manage capital is use small lot size in trading. And divide the risk by make capital able to accept many pips...
Price movement on demo account use real market reference. The difference is demo use virtual money. So, though trade in demo account, basically traders deal with real market environment with same level of complexities. When traders serious, I think practice on demo account able to give maximum...
I am focus on regulated forex brokers and the method they use to make deposit and withdrawal. Will be better for me if brokers use ecurrency processor. However, majority regulated brokers avoid to use third party and choose to use credit card or bank transfer to deposit and withdraw the fund...
Robot basically is manual trading system which made to be automatic. Robot can generate good result in trading if basic system has good too. But if system behind the robot lousy, mean the robot will work lousy too. However, though robot good, doesn’t mean that traders will always generate...
Both student and people who run the business need to take learning in order to generate make improvement. In grades and in business profit. It same principal which used in forex business. Someone who willing to become successful trader need to take learning in order to make him/herself to gain...
Basically, knowledge and skills is main requirement to enabling traders to make profit in trading. Traders can perform appropriate analysis which enabling them to open correct position. Traders has no chance to generate profit if they are has no proper knowledge and skills to conduct proper...
@ riddick09
Yes, each business require specific skils. In internet marketing, communication and how to make customers keep being attracted is very important. While in trading, ability to analyze the market is the skill required to make traders being successful.
No urgency to open multiple account in the same brokers. Better open one account and traders manage the capital to be growing. If willing to spread the risk, traders can open other account in different brokers. So, when a broker goes bankrupt and traders money gone, they has money left in other...
Know risk tolerance and never use the margin which exceed from risk tolerance. That is the best way to manage risk and capital to be last very long, no matter how high or small the capital used to trading. Make profit in trading not only about strategy, but require skills also to make the risk...
Forex obviously good business. Provide high potential income and give flexibility in work time and place. When someone skilled, has chance to generate consistent profit. Even in high amount if they are has high capital in trading account. Traders can work whenever and wherever they want since...
Traders benefit money obviously. Traders trade and risking money to invest because they are want to get profit from market. However, ability and strategy point out whether traders able to get benefit or not. When traders lack skills and work with lousy strategy, surely make profit is something...
When traders willing to generate huge profit, mean they need to have high capital in trading account. Because it enabling traders to take high margin per trades which potentially, give huge profit when they are make correct prediction. If has small amount of capital, traders can expect to get...
No doubt that demo practice required since traders need to take training. When traders has no sufficient knowledge and skill, harmful if they are start trading in live account. The best step to take is take practice. Demo account serve no real risk since money use to trading just virtual. That...
My bad experience is when I am not put stop loss in trading while I am not always monitoring my trades. When price start to against my position, while I don’t know about it, I am loss around 200 pips just in single night. It surely huge and make me to review my approach. Now, I am always use...
Surely not good at initial phase. Market give me so much trouble which make me to keep losing. However, that is the best part. Since losses teach me something valuable about trading rules and even adding my knowledge regarding with market situation. With such bad experience, give me clue how to...
Start to trade basically is very simple. Traders join brokers and then, make deposit. Thus, they can start trading. However, make profit even in consistent way never be easy. Require understanding about how the market works before traders able to perform proper analysis and generate good trading...
Unless traders prepared with adequate skills and strategy, they’ll unable to become profitable. Remain struggle which losses they get equal with profits. Which mean, they are unable to get profit in trading. If traders struggle still, not advisable to them to quit from main job and fully focus...
Success in this business come from traders ability to manage the risk and overcome complexities. Which mean, traders need to educate themselves with necessary knowledge. Nowadays, many learning facilities available which enabling traders to get easiness in learning. Such as mentoring program...
Beginners task is conduct learning. Since they are has no knowledge to overcome complexities and make the risk minimize. Level of difficulties very high which sometimes, hard to be solved. When traders lack knowledge and experience, they are has no clue what should they’ll do to make the...
Many forex related sites provide daily news and calender to help traders get information or analysis tool to predict future market movement. Sites such as forexfactory, fxstreet, etc even not only provide daily news and calender. They give forum facility to enabling traders share experience...