In forex trading we need to study and do analysis. In poker what they need is just some idea on the combination that we can get and we can make some good income. I do recommend forex but I don't recommend poker.
I don't dream to become a millionaire in forex. I do plan to become a millionaire in forex trading. I do need though at least 100 million dollars to earn 5 million a month. But I guess if we going to compute one million a year earnings as being a millionaire then I just need to have 1 million...
News effect is depends on the strength of that news and its influence. theirs some news that can make a currency become volatile and theirs some news that seldom move currency. That's why its very important to understand the effect of each news.
Its seems paypal is not my second best choice after neteller. Before its paypal that is my priority processors and the main reason is that I have hard time finding earnings via paypal right now. For me the importance of processor will be depends on my earnings.
I'm just wondering if neteller is strict in using exchanger sites. I do have some funds in PM and I want to exchange it to Neteller. But since my neteller I also use it in forex trading I'm afraid to take some risk and loss my account.
Since LR is down theirs no more proof to show the relationship between the two. But if you are active in reading LR blogs when LR is still active then you will know that LR has some connection with HD-money. But since its only LR that has the case they can't close down HD-money or for US...
I prefer to trade using my own strategy. Its not only that etoro does this but other forex broker sites also do have this kind of features. But I do prefer to trade using my own strategy as the more I trade the more I learn and eventually I guess others are the one who going to copy my strategy.
All forex broker sites that I joined do have leverage range from 1:50 to 1:1000. Its up to us to choose what leverage we want to use. But what the use of using a higher leverage like 1:1000 if you going to get MC right away?
If theirs really a strong signal that we think we can depend on its great to take some huge risk sometimes. I do this once only. I tripled my trading capital in just three days. Just imagine that I regularly just earn 5 to 20% profit each month. lols. But I did it just once.
The best way to protect our trading account if we have limited funds is to invest in cent account and not in mini or lite account. I do started in cent account. Its only cents that we earn when we trade but some how its also cents that we risk.
I'm now focus on trading aud/usd. This pairs I like to trade as I can earn swap interest if I open buy position. I also try to do hedging in here as its has strong resistance and support level of 300 pips weekly average movement.
Forex trading is good business. In fact this is the business that I want to grow old with. Its a long term investments for me. Its a make it or break it attitude for me in here. I do believe that I can really become a good forex trader some day.
If you make profit then its a successful trade. But if you loss then its not. Making profit is our goal in forex trading. The more we make money the more we become a big time trader. Lets all just hope that we do grow our account and not get MC.
Its no use if you keep on trading in demo account for two years if you don't try to trade in real account. Me I do trade in demo account until now. But I already do have 14 and maybe next month 15 real accounts that I trade in.
This is the main problem of many. They get over confidence when they trade. They know how to trade the more we can all become a good earner. I do like to see myself having good income in here and eventually become a successful trader. That's why I focus more on learning and then earning.
@ Sindarin
What is your definition of skills? Experience is nothing without skills. Theirs a lot of wannabees in this world. No matter how long they tried no matter what they do they don't excel. They have lots of experience but without skills theirs nothing. So its not how long you are in...
That's true. Its going to depends on what strategy we are comfortable. its just happen that I'm losing if I do scalping and I'm making profit if I do hedging. But some don't like hedging and others do like scalping as they earn good money.
Its in demo account that we practice. The more we practice the more we develop self confidence as we can trade good and make good income in here. I do recommend that we invest our time learning first if we are newbies to make sure we can earn big later on.
Its good to learn how to use basic trading strategies first. How can they build their own trading strategy if the existing strategy that we can get right now we can't even use it properly? I do study all type of know strategy before I make my own strategy.
I'm just wondering. I have verified account like two to three years ago. I'm just wondering if its still active until now or its okay to open a new account and verify it again? I just do want to start trading in here again but I forgot every thing from my password to username and even the email...