there is no 100% method worked in forex market and its simply because about predicting the future market movement. so can be sure that experienced or professional trader suffer loss occassionally. but for experienced or professional trader, the loss percentage is lower than their profit percentage.
get information about basic forex trading first and then start to open demo account in a forex broker. by regularly practice in demo account you will know your mistake and in this phase, you will start to learn about forex more seriously if you keep interested to continue trading or become...
forex is foreign exchange or currency exchange. the activity called trading and person who do this called trader. your main task is buying and selling currency and get profit from the differences between selling price and buying price. for more complete information you can visit free forex...
yes, every trader I think already know that forex is risky business. need experience and knowledge to minimize the risk. without proper knowledge and experience, a trader maybe get more loss than profit. we should understand that there is no shortcut and we can't become rich overnight.
I am still have not a good mental and its cause me to lack focus and discipline to follow my own rule. sometimes I close to early because to worry that my profit order become loss or otherwise to worry that my loss order become greater loss if I am not close it. while if I follow the rule, the...
contest trading is good to test our trading skill and specially is system. before jump into real account, demo and contest trading is best to prepare ourself. forex is good source to create good income but we should know that forex is also risky. preparation is very important.
yes, I agree that all fault caused by ourself and we not deserve to blame broker, news, current economic condition, etc. we should able to take mistake is our part of learning process and we will never learn anything if keep blame other factor to cause our loss.
like you already mention it. the forum name is forexpeoples. I check again and yes, this forum not owned by liteforex but sponsored by liteforex. by the way, I am not see that uwcfx become sponsor of this forum.
there is no worst or good day in trading according me as far as we know that market actually moved by how much the trading volume everyday. mostly trader avoid friday or monday because they think the market will ranging and rarely trend occured in that day. but not always friday and monday...
when first time we see the chart and observe the market movement, we will never know how to act in such volatile market. we are to scary to make decision because we don't have proper knowledge about the market. then we start to search a guidance. the guidance is trading system and we tried it...
yes, we can know easily the history report of our order in trading platform and also broker send our daily trading record via email. its help to every trader make evaluation about their trading and if make mistake, we will try to make it happen in the next day.
if we observe the market movement, there is only uptrend, downtrend and ranging form of price movement. looks like easy how to act when we know how the market will move. but because the market unpredictable, become difficult to us determine the correct act.
I need to stick with one plan and wait till the price touch my target. when a use a trading plan, I will not use other plan simultaneously because it will make me confused. but different situation when the NFP news released because in that day, I will use 2 different plan to get profit in market.
its interesting and very good to know some individual person who already success in this business because their success story could become inspiration for every newbie and beginner in this business. if they able to achieve huge success in this business, I am sure we also could achieve the same...
my bad habit is difficult to stick with the plan and sometimes impatient to wait till there is good entry signal. if I am doing that, my trade always end up with loss. I think I should to be more patient and discipline because this forex trading patient and discipline is important key to get...
moving average is the most simple indicator. many trader use this indicator by put 2 moving average line and then make entry or exit based moving average crossover. MA crossover work very well in large time frame such as daily time frame while need support from other indicator when used in small...
many trader use this indicator because easy to understand and read. if the macd histogram cross the zero line that mean the price will change direction. although actually the market condition not always easy to read by macd and its make the macd indicator not work at all.
bollinger band also can work as support and resistance level. the upper band work as resistance and the lower band work as support level. the function of upper and lower band will change when the price form a trend. the upper band could become support level when the trend is up and the lower...
I am never fully deep learn about this method because according me, trading based ichimoku only work in large time frame and when used in small time frame, its not work well. while I am prefer to trade in small time frame because I am intraday trader. but anyway, you provide very good...
I use pivot to help me determine the possibly highest and lowest price movement in a day. previously I really confuse how to use this pivot point level because rarely material that discuss or teach about trading with pivot point. but after make hard search, finally I got some good key how to...