I always prefer to trading manual because I am never trust with EA or robot that I am not coding it my self, while in other side, I am not a coder. so I am never trade with EA and more trust with my self in trading and use manual trading system. I learn that market provide various situation and...
good knowledge and experience will lead people get profitable result indeed and if someone intend to involve in currency trading world, should understand first that they should prepare their self with proper knowledge and experience. forex is for everyone indeed but not everyone able to success...
maybe there are traders that use multiple strategy in trading but it only they are really good at it and really can work well with multiple strategy. in other hand, there are trader that like simplicity and work with one proven strategy only. I think every trader have their own method and...
emotion when everything goes wrong is normal and that the traders need to do is accept these situation and forget it soon. trading is not done in 24 hours only and its why traders not necessary to rush trading again after worst case happen while trader still in emotional feeling. make evaluation...
in order to protect the capital and make it growing, traders should have good trading system or strategy and have good money management plan. both condition should applied together and its no use if traders have good trading system but have no good money management plan, or otherwise have good...
trading is involving money and the risk is loss, besides traders could winning by get decent amount of profit. traders cannot avoid loss and the best way to not make the loss become worst is traders should accept it. due to we all know that loss is part of trading, we should have good risk and...
I think first is important to trader have trading strategy and plan. then discipline with it and never tried to break. if we able to always stick with the strategy and plan, our bad habit will be disappear and then changed with good habit that always discipline and make decision according to the...
if the calculation based on the money amount, I have no idea but if calculation based on the pips amount, we can say that mostly major pair average movement around 50-120 pips per day. from that fact, we can count it self how much potential pips point we could get per day.
more learning will make traders become more understand and it mean, there is no limitation in learning here. understanding of the market movement and the market system will make trader know how to react and make decision in various uncertain situation. so more learning is more good.
bank and other financial institution playing important role in this market and then followed by retail or individual trader. still there is another factor that make the market move but the percentage is very small. such as export import, and another transnational trading activity.
the book or other material source will never make traders calm and according to me that can make traders calm is their experience and confidence. good experience will lead trader gain good skills and it will make traders confident in every of their trading decision. if traders confidence with...
many experienced traders said that safe leverage ratio is 1:100 and I guess it right because these leverage ratio make us possible to trade with low lot or margin per order. so, with small deposit only, we can start trading and maybe also could cover several loss before get margin call.
I don't know what meaning of instant strategy but I assume it related with instinct and traders make order based on their instinct only. no plan and I guess it will not work in the good way because luck play very important role here. while we know that there is no people that lucky all of the time.
every people can trading as far as they intend to do it. but as we know that forex is not easy world and every people need to serious in order to success in this business. they also should patient in learning and not expect good result as fast as possible because its almost impossible.
lets say that the box is traders plan and rule, to think outside of it meaning that traders should break their own plan and rule. its worst scenario and the error possibility is very high. important to keep stick with the rule and plan and if traders already master with it, maybe will know when...
market is always never wrong and always move up and down. if everything bad happen in traders trading journey, it always the traders mistake and will be wise if traders take time to evaluate everything and not blame outside factors that maybe will make the traders emotion become worst.
one important point is being regulated and next is there is no problem issue in payment. such brokers is many and then traders only need to choose that suits with their financial condition. some brokers offering low minimum deposit but some other set high minimum initial deposit.
mostly involved people in forex think that they able to get rich and success in short period only but their assumption will change right away after they found the fact that their first year result still inconsistent. in this case, if traders not give up, they will realize that trading need lots...
expectation should set based on the system performance and I am sure every traders have own system and already test it to know how the winning and loosing percentage. if the system able to generate 60% winning percentage per month, I think traders should set their expectation based on those...
I visited some of EA tester site and found some of good EA with good record back test. but all of them that have high winning percentage is very expensive but maybe it worth for traders to buy it. personally, I am never use EA because I am more trust with my self than those EA and also I don't...