maybe its related with how they handle loss order I think. as we know that trading is involving money and everything related with money make us emotional. there is no one consider to loosing money and those new trader still unable to accept loss. the impact is they are not close the loss order...
my concern in this case is brokers that also become stop loss hunter. even though not all brokers do dirty trick like that, every traders still need to be careful and place their stop in unreachable area. although actually its still not prevent those stop loss hunter make traders loss.
currently, new traders that want to learn about forex is really lucky because many of source they can choose as reference. there is forex forum like this forum, free forex school, and even those new traders can get guidance from experienced trader if they willing to spend some amount.
every trader have own perception about good or right broker I guess and the factor that they choose usually related with legality, widespread, minimum deposit, allowing hedging and scalping or not and even there is traders that choose broker based on their trading platform.
I heard that being regulated in cyprus save lots of money than being regulated in UK or US. even though actually all traders more like if those brokers being regulated in UK or US, seems like the cost issue become main reason why many brokers prefer to being regulated in cyprus than in UK or US.
to be honest, I don't get idea why some brokers not allow scalping method but maybe some brokers that not allowing scalping is ECN broker and they usually will transfer the traders order directly in trading room. in this case, if traders use scalping method, brokers will have enough time to...
yes, its true, forex is something that cannot be overcome if new trader not upgrade their self with proper knowledge and experience. so the first task for every new trader is learning about trading and practice as many as possible. much better if they get guidance from experienced traders.
maybe volume indicator and another indicator that related with money flow able to explain the current market sentiment. although the market sentiment actually can be readed by where is the trend move. the market sentiment information is very important to help trader generate good result of analysis.
I am classify as day trader and I am not use fundamental anaysis method to forecasting the daily possible movement. but I am use pure technical analysis method. in this case, I am use indicator to help me give good views about what is happening in market. but because it is about predict that...
fundamental analysis is suitable to predict about the future of market movement in long term period. while more complicated if used fundamental analysis to trading in short term purpose such as scalping for example. so, fundamental analysis is good method of analysis for long term trader only.
basic requirement to start trading is basic knowledge and demo account. very simple but in that case, you will still not able to make a consistent profit and even your loss greater than profit you get. you need to improve your knowledge and trading experience in demo account. and its will...
the mostly traded pair is EUR/USD and it mean that transaction volume in USD and EUR currency higher than other currency. for individual trader, its more easy to get profit by involve in most traded pair. why? due to high number of transaction volume, the pair movement become very liquid...
its really good article and can be sure can enrich my knowledge about forex. actually I also wonder why many forex broker choose become regulated in cyprus than other country like UK or US. previously I assume that the cost being regulated very low than other country but after read the article...
very important to a trader have good trading system because entry and exit question, right time and bad time to trading question, only can be answered by have a good trading system. trader can search it because many good trading system already exist at the moment. but will be better if you spend...
forex is risk less now a days and actually I am agree with it. I am imagine how if there is no laverage set by forex broker and trader still trading with standard lot. maybe I will not become a trader because I only have limited fund and it not enough to trading with standard lot. so without...
yes, its not easy to feel enjoy or relax when suffer loss but its the best way to teach us that forex is not a matter of winning only but also a matter of loss. in other word, forex teach us about risk. we are not necessary to hold a wrong order till price back to support our order just because...
yes, maybe good to mix the analysis method between technical and fundamental for those who know how to do it very well. but most of trader I am sure only use one of them. because actually both method analysis tend to generate different trading signal. its understandable because both analysis...
I think the problem is not in the book. at first, beginner trader usually search a lot of material source to teach them how to get profit in forex trading and so they search and buy a lot of book. the perspective and knowledge in every book I am sure is useful. the only problem is the strategy...
choose a pair is one of important part in trading. every pair have different movement form and to study a pair maybe will consume a lot of time. so a trader should not jump to another pair when they still not understand the habit of previous pair.
the volume of transaction in forex market is around 2 T per day. and the volume o transaction not only come from individual trader but also from company, bank and even government. this situation make a currency value become liquid and our task as a trader is search profit from these liquidity.