Forex is money sucking machine?

[sgoythale]

aap nay sahi kaha, forex is very profitable business but one should not enter forex trading keeping only this one thing in his mind. Agar aesa koi karay ga to phir wo learning ki taraf say haat jaeyga aur iss tarah wo seekh bhi nae paey ga.

[sgoythale]

There is a lot of profit in forex trading, one can easily make money from his home, all he needs is a computer and an internet connection and then he can start making money but he has to gain much knowledge to do profitable trading.

[sgoythale]

aap nay sahi kaha, forex may luck ki zarorat perti hay, laykin luck ka number sab say akhir may aata hay, pehlay knowledge aur mehnat karo phir luck per depend karo. koi bhi trader sirf luck ki bina per trading nae ker sakta. Iss kay liay mehnat aur experience ki bhi zarorat hoti hay.

[sgoythale]

kaha to aap nay sahi hay, laykin ye aap kay trading style per bhi depend kerta hay kay agar aap swing trader ho to phir aap ko position open rakhni per sakti hay, laykin inter day trader aur scalper to week end per position open nae rakhtay.

[sgoythale]

You are right aur may nay bhi ziada ter traders ko daykha hay, jin ko ziada loss hota hay kay wo apni trading may serious nae hotay. Un kay paass aik trading plan to hay jiss ka result bhi acha hay laykin phir bhi wo oss ko follow nae kertay.

[sgoythale]

ye pair bhohot ziada trade honay wala pair hay. Phir jo bhi newbie trading may aata hay wo kisi na kisi expert trader ko start may follow kerta hay. Iss liay jab koi acha trader on ko EUR/USD ka kehta hay to phir wo issi per trading kertay hain.

[sgoythale]

aik baat jo may nay bhohot pehlay hi seekh li thi iss forex trading may wo ye thi kay hamesha longer time frame ko follow kerna chahaey. Agar daily time frame per trend bearish hay to phir sirf sell ki entry kerni chaheay.

[sgoythale]

ziada depression aur tension sirf ossi trader ko hoti hay jo achi tarah say forex ko seekh ker nae start kerta. Agar koi trader achi tarah seekh ker forex ko karay to phir tesion aur depression nae hoti.

[sgoythale]

Trailing stop achi option hoti hay. Iss say hum ko aik faida to ye hota hay kay hum jo profit ker chukay hotay hain wo phir loss may nae jata aur agar koi position reverse bhi ho jaey to bhi humari trade profit per close hoti hay.

[sgoythale]

aik group may trading kernay kay kafi saray advantage hotay hain especially jab aap learning stages may hotay hain to bhohot hi faiday hain. Aap ko seekhnay ko milta hay aur aap kisi achay trader kay signal follow ker kay achi trading bhi ker saktay hain.

[sgoythale]

agar aesa hona shuru ho jaey kay her trader quantity ki bajaey quality per tawajjo day to phir kafi sari improvement ho sakti hay. Laykin quality kay liay sabar aur mehnat chaheay jo traders say hota nae, iss liay wo ziada loss kertay hain.

[sgoythale]

ji forex ko koi bhi banda ker sakta hay chahaey wo aik student ho ya job kerta hoon ya dukan. Iss may kisi qisam ki restrictions nae hain. Laykin aik student to apna time manage ker kay phir hi trading kerni chaheay.

[sgoythale]

There is no average profit in forex trading. You can make money as much as you want bu there are certain rules that you have to abide by to do profitable trading in order to remain survived in the market as well.

[sgoythale]

aap nay sahi kaha, I totally agree with you, demo account aur real account may sirf iss tarah difference ho ta hay kay hum ko demo account may koi emotions tang nae kertay aur real account may emotions hum ki jaann nae chortay.

[aruna]

Well yes there definitely are differences between a demo account and a real account. A trader can trade in a demo account without investing his/her money but in a real account the trader has to invest his/her own money.

[azds]

I do not think that forex is money sucking machine. beginner trader think because novice trader first loss over the fact that he thinks. But mind a beginner trader will be successful after a long period if the practice difficult.

[sgoythale]

may nay aik din may aik trade say 25$ aur phir aik trade say 34$ kamae thay iss tarah may ra aik din ka highest profit 59$ ho gia. Ye hay to kafi kam lay ye profit may nay aik small capital say banaya tha.

[sgoythale]

mjhe aik dost nay aik forex forum ka bataya tha. Pehlay to may bass oss forum say payment lay nay kay chakar may posting kerta tha, laykin phir kuch forum traders kay profits daykh ker mjhe trading ka bhi shouq ho gia.

[sgoythale]

ye baat sahi hay kay luck per trading karain to temporary kamiyaabi mil sakti hay, laykin asal deep success sirf aur sirf experience say hi hasil hota hay. koi trader bhi sirf luck per depend reh ker kamiyaab nae ho sakta.

[sgoythale]

I don't agree with you, experience on demo account does not have much value even if you don't lose in demo account you will still be under psychological pressure when you come in your real account from demo account.

[sgoythale]

sab say bara reason jo loss ka hay wo ye hi hay kay hum ko proper leanring ki environment nae milti aur hum foran kamae ki taraf dehaan dayna start ker daytay hain.

[sgoythale]

aesa ho sakta hay kay aksaar traders kafi mehnat ker kay apni strategy banatay hain, iss liay wo phir apni strategy kisi say share kerna pasand nae kertay. laykin jin ko start may guidance achi mil jati hay wo share bhi ker daytay hain.

[sgoythale]

easy method to ye hay kay aap apni trading ka aik plan banaeen aur wo apnay trading computer kay pass step wise likh lain, phir her time trading may oss ko follow karian.

[sgoythale]

aykin yehi to masla hay kay koi kaisay jaan sakta hay kay oss ki her entry profit may hi jaeygi. forex to prediction business hay, iss liay uncertainty may risk bhi kam layna chaheay.

[sgoythale]

age per bhi depend kerta hay. forex trading kernay kay liay aik sharp mind chaheay aur kam umer may mind itna sharp nae hota. iss liay aik trader ko mature hona lazmi hay. nae to wo emotions may aa ker ziada nuqsaan ker sakta hay.

[sgoythale]

aap nay sahi kaha, forex trading end honay wali cheez nae hay. pata nae hum aesa keuun soochtay hain. dunya may baqi bhi to karoobaar chal rahay hain jab wo end nae ho saktay to forex kiss tarah end hogi.

[sgoythale]

mjhe forex trading iss liay pasand hay keuun kay may iss ko apnay ghar bayth ker easily ker sakta hoon. iss may kaheen office nae jana perta aur na hi koi boss hota hay jo hum per hukam chalaey.

[sgoythale]

forex may kya kisi bhi kaam may bari kamiyaabi hasil kernay kay liay hum ko bari mehtnat kerni paraygi. bagair mehnat kay hum ko kuch bhi nae milta. iss liay agar aap forex may guru ban na chahtay hain to phir bhohot sara hard work karain.

[sgoythale]

forex may jitni bhi practice ki jaey to kam hay. aik expert trader bhi practice mood may hi hota hay. hum ko bhi ye nae soochna chaheay kay hum trading may sab kuch seekh saktay hain.

[sgoythale]

day trading kay liay 15 minutes say 1 hour time frame use kia jaa sakta hay. iss may ye khayaal rakhna chaheay kay hum longer time frame per bhi dihaan dain taa kay hum trend kay saah trading ker sakain.

[sgoythale]

aap nay sahi kaha, sari ki sari forex market news per hi chalti hay, hum easily high impact news ki release ko daykh ker trading ker saktay hain. iss may hum ko asaani bhi hogi aur ye technical trading say easy bhi hay.

[sgoythale]

I agree with you, laykin majority traders yehi aik ghaltikertay hain kay wo demo may trading nae kertay aur directly hi real account may start ker daytay hain. Abb iss ki waja say kafi sara loss ho jata hay aur wapis demo account may aatay hain.

[sgoythale]

You are right, the human also includes greed in it, that causes the downfall of many in forex market. There are several good traders that often fall prey to greed so self control is very greatly needed in forex market.

[sgoythale]

big players jinn may banks bhi shamil hain, her rose pora din market may nae rehtay, un ki investment ziada hoti hay, iss liay wo aik ya do hours hi trading kertay hain aur bara profit kama laytay hain.

[aruna]

friend i am not agree with you. i dont think that our money target in term of percentage depend on our investment.
if our target is 20% monthly then i can made by 10$ and also from 1000$. difference is only one. in 10$ our profit is less and in 1000$ our profit is more but both 20%

[sgoythale]

itna bara stop loss rakhna iss baat ko zahir kerta hay kay aap ko forex trading ki sahi tarah samaj hi nae, aur keuun aap itna bara stop loss use kertay hain. Ye to target scalpers ka hay, aur stop loss swing trading ka.

[sgoythale]

Yes you are right, but mostly in demo contest the trader don't use proper money management because they want to make huge profits by the use of very high lot size so you cannot learn anything in a demo contest.

[sgoythale]

koi bhi trade open rakhnay ki koi bhi khaas limit nae hoti. Ye aap per depend kerta hay kay agar aap ki trade profit may jaa rahi hay to phir aap oss ko kitni dair run kerna chahtay hain.

[sgoythale]

forex ko sahi tarah seekhnay kay liay koi proper mahool dastyaab nae hota, iss liay hum ko forex trading seekhnay may kafi muskil paysh aati hay aur phir issi lack of knowledge ki waja say hum loss bhi ker jaatay hain.

[sgoythale]

forex may fear ka bhohot taaluk hay, koi bhi trader jab loss kerta hay to phir wo next time trade say darta hay keuun kay oss kay zahan may wohi loss hota hay jo ossay pehlay ho chuka hota hay.

[sgoythale]

aap nay sahi kaha, internet per kafi sari websites hain jo forex trading kay baray may information dayti hain. iss liay hum ko un websites say information layni chaheay aur phir demo may practice kerni chaheay.

[sgoythale]

forex chart per to may daily rehta hoon laykin trading daily nae kerta mjhe ziada shouq news trading ka hay iss liay may high impact wali non-conflicting news trade kerta hoon per tab jiss din wo available ho.

[sgoythale]

mera bhi koi aesa hi hisaab hay, laykin may posting bonus ki surat may bhohot ziada paisay loss ker chuka hoon mayra posting bonus jo lose hua hay wo 1500USD say bhi ziada hay, laykin abb may kuch kama bhi layta hoon.

[sgoythale]

aik newbie trader kay liay time ziada zarori hay, keuun kay agar wo start may paisay per tawajjo dayga to phir oss ko knowledge hasil nae hoga aur iss surat may oss ka time bhi waste hoga.

[sgoythale]

forex completely random hoti hay laykin iss kay peechay koi na koi logic bhi hoti hay. abb her trader oss logic ko apnay mind kay level kay mutabik samaj ker trading kerta hay, iss liay jitni ziada samaj hogi utni achi trading hogi.

[sgoythale]

forex trading dunya ki sab say bari market hay karobaar kernay kay liay. iss liay may bhi iss may karobaar kay liay trading kerta hoon taa kay may kuch extra income as part time job bana sakoon.

[sgoythale]

forex trading itna asaan kaam nae hay, iss may bhohot mehnat aur knowledge ki zarorat hoti hay. tab kaheen ja ker koi acha trader banta hay, agar hum koshish karain to phir hum aik acha tradder bann saktay hain.

[sgoythale]

aik demo account may wo sab sahoolatain hoti hain jo aik real account may pae jaati hain. iss ki working bhi bilkul real account ki tarah hoti hay, iss liay hum easily demo may practice ker kay apni trading achi ker saktay hain.

[sgoythale]

ji may nay shaeed 3 baar khawaab may bhi apnay aap ko trading kertay daykha hay, laykin khawaab may bhi mjhe loss hi hota hay aur may profit nae kerta. pata nae keuun mjhe real ki tarah khawaab may bhi loss hi hua tha.

[sgoythale]

may koshish to yehi kerta hoon kay low lot size hi use karoon laykin kabhi kabhi greed kay under aa ker mjhe say ye ghalti ho hi jaati hay kay may high lot size use ker layta hoon.

[sgoythale]

bilkul sahi kaha agar hum forex trading may apni important investment ker daingay to phir agar wo loss ho jaey to hum ko to bhohot preshani ho jaeygi. Iss liay jo extra savings hoti hain on say hi trading kerni chaheay takay hum ko ziada masla na ho.

[sgoythale]

No my dear aesa nae hay, forex aik money making machine hay laykin iss may aesa hergiz nae ho sakta kay aap bass enter hotay hi profit kerna aur paisa kamana start ker daingay. Aap ko pehlay ye machine sahi tarah chalani bhi seekhni paraygi.

[nbksimha]

We can't say forex is a money sucking machine totally. Because we not only lose money in forex, we can also earn profits in forex trading if we trade with trading strategy.

[puja]

forex money sucking machine un ke liye hain jo log shahi tarike se trading nahi kar pathe. har trade per sirf loss hi loss karte hain. is tarike se loss kar kar ke wou log aapna account kho baith te hain. is liyea ham sab ko chayea puri shahi tarike se trading karna. aur is ke liyea hamein ek accha trader hona bhout jaruri hain. aur tabhi ham forex trading shahi se kar paenge. aur issey hamara loss vi nahi hoga.

[biplob1]

You may say so, but I do not agree with everything, there are different situations and experiences. In my case, I lost two times, minimal amounts. But I knew I had not enough knowledge to go out with success, now in the sense of losing money again and again, depends on the amount, but my understanding is, there are many who have lost big money in Forex, practicing over and over again the Forex as gamble.

[derawaal]

Hi friends
Are you agree with me that forex is money sucking machine and on daily basis it sucks the money of small traders and accumulate the money in the accounts of big traders? As we know that money in the forex is limited and it transfers from one account to another. Let suppose if you open the position and market moves in your favor then its mean that forex is now getting the money of some one else who open the trades against you and whose lot size is bigger than you. If he will close the position then market will move to get your money now and if you will not close it then your money will go to some one else account.
han gi forex tradinng jo ha na ye waqi he money making or money sucking machine ha es main app jitna bhi invest karo na utna he kam ha main bhi es main kafi invest kar chuka houn par loss he hota ha mugh ko

[haryadi88]

You may say so, but I do not agree with everything, there are different situations and experiences. In my case, I lost two times, minimal amounts. But I knew I had not enough knowledge to go out with success, now in the sense of losing money again and again, depends on the amount, but my understanding is, there are many who have lost big money in Forex, practicing over and over again the Forex as gamble.

I am agree with you. THe most important thing in forex trading is make a good strategy and analysis. With strategy, we not make gambling with our trade because we make analysis

[shahtijani]

No forex is not money sucking machine but it is a money making machine if you only know how to do it and have patience and are very hard working towards your goal then surely you can succeed. Plus you need to trade and get experience and this experience will lead your success in future.

[adedayo]

forex is risky business right,is not suitable for everybody,the only thin is requires is get knowledge and find a good trading strategy that you have tested and master it first,understand it very well, before invest into the business

[abdelmouman]

i think if you lose your emotion and you risk with the money that you can't bear the losing of it, the forex will be a sucking money machine right, but if you learn and you control your emotion during the trading you can trun it into a making money machine

[asadkayani345]

Hi friends
Are you agree with me that forex is money sucking machine and on daily basis it sucks the money of small traders and accumulate the money in the accounts of big traders? As we know that money in the forex is limited and it transfers from one account to another. Let suppose if you open the position and market moves in your favor then its mean that forex is now getting the money of some one else who open the trades against you and whose lot size is bigger than you. If he will close the position then market will move to get your money now and if you will not close it then your money will go to some one else account.
g haan kisi had tak ap ki yeh bat sahee he k forex aik money sucking machine he and i think k forex money making machine machine bhi he but yeh ap par depend karta he k ap is ko kis tarah use kartay hain.

[waseem]

yes Forex is money making machine for those customer who are experience who are invest money and have experience about Forex trade.but for new member is is loss matching if they are no aver about Forex term

[BaHaaFxTr]

I think that machine of sucking the money of forex will getting bigger and bigger with some experience and more practice but well i hate to say that cause i think forex market is having fun more tan just getting money from it i have to admit it .

[Chelsea91]

it is money sucking machine for those who don't respect trading and its rules, Forex is only good for careful people who know when and how much they risk, but for those gambling traders it can suck all your balance in one day

[aruna]

hum har time iss bath par zor dathay hain k trading k waqth hamain emotion sy bachna chahye like greed, fear, overconfidence lakin agar dakha jaye to koi bhi kaam emotion k baghair nhi hota... trading bhi aik game ki tarha hy or game without jazba nhi hota..

[aruna]

There are two points that should be considered before leaving regular jobs because of Forex trading. First point is constant income in Forex in both good and odd situation of the market and second point is regular job will not be easily gettable if a long time gap is created due to Forex trading. But there is a positive point and that is making a lot of money in Forex market which can not be possible in regular jobs.

[aruna]

i think the main reasons that many traders often fail in trading are...they do not trade well in a proper way.. they often getting work from emotions like greed, fear etc and they do not keep in touch there selves from market conditions...

[sgoythale]

forex is a business, and i think every person who find success in their business never use luck to get success, but they use the knowledge, skills and experience.

[sgoythale]

rivo25, Investing in a position with acceptable safety margin for a high-risk business. It is the best way to control your emotions, if they are too strong, it is usual in the beginning, but that talking about my experience because I also went through this phase, as I believe it is the majority of members.

[sgoythale]

basically me ek part time trader hun q k me ek student hun and me forex ko full time nhi deksta...fhly me apni study krta hun and jub spare time mely toh pir me part time trading krta hun lakin pir be achi earn hojati hy...

[aruna]

forex day by day increse and popular hota jarhahy, i think ye ek esi job hy jo na htm hony wal ihy pory online businesses me and etne interesting hy k next 5 five years me ye har gar me hota rhyga.

[aruna]

jee han bilkul esa hota and kye bar hua hy..q k market kse ke iwhs par nhi chlti and ye khbe be apan rukh badal skti hy...so yhn par greed se be bchna chahey and small pips lekar close krna chahey///

[sgoythale]

esa lazmi nahi hy k sub traders demo me earn krty hy and real me loss..meny hud demo me khas practice nhi kia hy lakin real me tora ahca ta..dosre bth jo ferk hy wo ye hy k demo me bnda jesy b order lgay koi tension nhi hoti lakin real me fear hota hy..

---------- Post added at 01:09 PM ---------- Previous post was at 01:03 PM ----------

demo me bgher koi fear k jesi be trade krle so karle, esly tukky se order be lgaya gya and loss b hua to koi ferk nhi parta....lakin real me buht care k sath trade krna parta hy, esly trader demo se real me jakar difference feel krta hy..

[stayfilitim]

no it is not true forex is a hard business as any other business because it very risky and we have to do good management and expect the right price to make a god deal , forex is money making machine for only good traders.

[sajad ali]

forex money sucking machine sirf un ke liy hai jo is ko bina sekhy he start kar lety hain kion ke ye aik bohat he risky sa business hia is main aik choti se ghalti ki waja se humain kafi bara loss ho sakta hai is liy is ko pehly sekhai9n phir karain phir humain money sucking business nahi lagy ga

[garrysidhu]

agar aap money making bnana chahte hein to wo bi ho sakta he agar aap money sucking bnana chate he to wo bi apke hi hatho me hota he,agar aap bina knowledge and experinace ke bad trade kare ege to je money sucking hogi agar ashi trade karege to money making hogi

[wahabplus]

Forex Trading Business is not a money sucking machine. You may have experienced it badly due possible reasons including but not limited to lac of knowledge, lac of experience, over trading and / or lac of patience. If you have patience and confidence backed with knowledge and experience then you opinion about Forex Trading Business will be exactly opposite of what you have now. It is a fact that Forex is very much risky but if you follow proper guidelines and keep patience i assure you that you will succeed in forex trading business.

[php1xedni]

That's correct forex-market could turn against you at any time and leading you to lose your capital quickly.
The worst is forex will make your account encounter margin-call when you are not utilizing stop-loss in your orders. Provide more awareness to your account with great capital management, so that it could survive risky market.

[manish]

also agree with you. i think marriage is important in life because life is not just about trading in the forex
business. life has many other aspect and forex trading is just a small part of it...

[aruna]

i think there is no problem in trading everyday because everyday we can find trading opportunities depending on the time frame that
we are using in this market. if we use lower time frames then we will find more trading opportunities compared to high time frames.

[manish]

it is very much possible to become a successful forex trader but it will not be very easy to achieve that.
also we must have a strong determination in order to face the losing times...

[sgoythale]

your opinion is so true and i agree with you completely. i think people enter this business to make money and the ultimate
goal from making money is to make our life better and better everyday. and i think nobody can deny this reason.

[aruna]

agree with you. even though trading in the forex market is risky but we can still make great return in this market if we are skillful.
the important thing in this business is the skill and trading skill comes from the knowledge and experience.

[manish]

people can be a trader if they want to but they must be prepared to face the hardship like losses in the beginning
of their forex career and also the zero sum game later on. after all this the trader will eventually find the stable method that can make money for them.

[aruna]

the price of oil is, as you can clearly see, slowly slowly moving up and reaching the previous high. i think it is natural to see this because the oil price has been moving down and quite big too. so i think the bias of the market is currently leaning toward uptrend. however, we must be careful of a potential retracement.

[sgoythale]

forex trading is not something that we can depend on when we don't have another job because this is a business
and a business can't yet generate a stable source of income because it always fluctuate.

[aruna]

yes, i agree with you. every time we lose money we learn something too in exchange. and it will be very good if we can learn from that mistake and improve.
there is no doubt that the feeling of disappointment will come to us when we face loss in our trade and i think this is the same for every one no matter he is a professional trader or not.

[sgoythale]

benefits of using a forex forum is dependent on the member of this forum. if he is only looking for bonus for posting then this forum
will not be that much of a use. but if someone is like me then he will be able to find many many useful stuff and for free too.
when i pay more attention most of the trading strategy described on this forum is actually ones that requires payment/subscription
to access but on this forum people are giving it out for free... so i'm thankful for that.

[aruna]

benefits of using Indian forex forum is great....it may be called as a complete lesson of forex. by this forum, we can trade with experienced members advice and information. if we face any problems, our senior members can give the correct solution of our problems..

[sgoythale]

in my opinion there are many useful things in this forum and i can say a few of them such as the bulk of valuable information that we can
find in this forum, the experience shared by many professional and expert traders, also i can meet people with the same interest (people who
use the same trading strategy with the one that i use).

[aruna]

i don't agree with your hours calculation. the forex market runs 5 and a half day per week because it starts in early Asian morning and ends afternoon
in the American session so it's roughly 130 hours per week. of course during those 130 hours there are many trading opportunity so forex is a rewarding
business.

[sgoythale]

forex is indeed risky and i agree completely with what you guys said about this matter. but above that, forex is also plentiful
of opportunity because in this business the money is swirling and reached 4.1 trillion U.S. dollars per day so there is always
at least 1 good trading opportunity every day.

[manish]

forex earning/profit depend on the need of the trader. some trader want to achieve big profit and achieve his dreams.
some other trader only wants extra income from this business. what's important is the consistency.

[sgoythale]

nothing can replace patience because this is the highest quality of emotion that a trader must have but if you are not
that patience you can still setup or use indicators that have alert (through sound or email or popup notification) so you don't have to baby sit your opened position.

[manish]

if someone treats forex like a gamble then he don't need to learn too deep about the technical analysis or even
the fundamental analysis because he can gamble with using probability. this is how most gamblers make money...

[aruna]

the amount of information and then experience that people share on this forum is enormous and i think it is a waste if a
member don't take advantage of these things. also we are helped by the broker to earn capital to be used to trade.

[manish]

yes, that is why we must make a trading plan so we don't lose more than we can afford to lose. if we have a trading
plan we will limit our losses. also, the losses will not affect our financial situation.

[aruna]

think trading without emotion can be done when we properly follow the instructions or advises from professional traders
or those who have conquered this kind of problem. so yes, i think it is possible to trade without this problem.

[sgoythale]

i agree with your what you said about this subject. health is far more important than wealth because even if we are not
rich we can still live and enjoy live but even if we have all the money in the world and can't enjoy it then the money and all the wealth that we have is going to be useless.

[manish]

forex is not a money making machine like a machine that create thing every 5 minutes. forex is a business
and we must differentiate it with machines. in forex you must trade in order to make money and your result must be good.

[aruna]

i think every time frame is very useful as long as the trader knows how to use it properly. there are even people who use
M1 and succeed in this business and make a lot of money from this kind of trading. it does not really matter what other people
say as long as you succeed.

[sgoythale]

i think it is true that many people are losing money from this trading business because they are not spending enough time to
learn about this business or they are too aggressive in their trading and so they fail. of course, if we want to avoid losing money we have to listen to the pros and experts.

[manish]

i agree with you about this. stop loss can surely safe our trading capital from big loss and from unnecessary risk.
if we use stop loss we can be much more relax when trading and this will help us psychologically.

[sgoythale]

i think all people who trade in forex market face many things during their day trdain or even the longterm investors , beccuase as we all know this market needs traders who can deal with it , and you can be one of those trasders if you have a lot of experience and also very amounnts of knowledge about this market.

[manish]

i agree with you completely about this subject. i also don't think that the high leverage is the cause of the high loss.
we can use big leverage and lose not so big and we can also use big leverage and lose small. it's all depend on how
we use that leverage.

[aruna]

nowadays, forex trading requirement become easier since there are so many retail broker will help you to trade.
and the world of information and technology also making forex is easier than before. It just only need computer and internet connection.

[sgoythale]

what is important is we should not trade when we are not in perfect health in our mind and in our body also because
this will affect the outcome of our trades. if we are low in spirit we will make wrong trading decision and can lose money...

[manish]

i think the most important reason that lead most people to losing money is the risk taking level. if we
risk high we will lose much more than what we can afford because we will be trapped in revenge trading.

[aruna]

forex is a business that is the largest in it's kind in the world. no other market is even near to the volume of forex trading everyday.
so i think both short term strategy and long term strategy will work depending on the trader who will be using it.

---------- Post added at 10:24 PM ---------- Previous post was at 10:20 PM ----------

if you say that it means that you are not fit to be a scalper but definitely other people can succeed in the art of scalping.
because not everyone can use certain kind of trading strategy. that is why you must find the trading strategy that is suitable for you.

[sgoythale]

your opinion is the same with my opinion and i agree with you. greed is more dangerous than fear because it will directly
affect our mind in this business and we might not take the correct decision and lose money. but both of them are dangerous.

[aruna]

hi bro,
I think daily profit in forex it's possible for them who have good knowledge and good market movement analysis. Only professional trader achieve this profit easily. But it's very hard work for every trader. Maximum new trader come forex because they think earn profit from forex it's really easy job but i think it's not.
good luck

[sgoythale]

ose of confidence and understanding, you get to know a lot of good things to make sure that you have the best in trading these market just be a good trader and understand what you are doing, the best way to understand forex is just to have the best in trading.

[sgoythale]

i think it is well known that the most favorited currency pair in this business is the EURUSD because this is the most liquid and
also the most active in all trading session. and it follows the technical analysis more often compared to the other currency pairs.

[aruna]

To earn our money easily from forex market, is not mean that we do not need luck at all. As we know, we can never predict market movement by 100% in accuracy, even for a very expert on it. So, I think that rest percentage of 100% accuracy will tend to luck for fulfilled.

[manish]

If we can get success of every where then success need long time for get , so we can get more knowledge, information ,and learn about forex trade then automatic the success come to us for do any work.

[aruna]

forex trading does help us to develop our abilities for other online business because in this forex trading business we learn
a lot of things including the psychology aspects and we know that psychology aspects can be applied in many different business.

[sgoythale]

yes, forex trading does the same thing to me also and i agree with you. at first i thought it is impossible to make money outside of
working a 9 to 5 job. also taking part time business requires a lot of capital and a lot time too. but in forex trading everything seemed simple to do.

[sgoythale]

at first i thought this does not exist in this business because i think it is impossible to have several traders trading the same account.
but after reading about it on this thread i change my mind and i think it is possible and can bring benefits to the traders involved in this kind of project.

[aruna]

i think the euro is heading down and it will still go down for some time. the price action on daily time frame reveals that this down trend will still continue. however, the price is slowly creeping up that is why seeking entry to sell must be done cautiously not to be trapped in early up trend move.

[manish]

for a new trader it is better to learn this forex trading business by becoming a part time trader first because new trader
obviously don't have what it takes to become a full time trader. so new traders must do it step by step.

[sgoythale]

forex is really the best internet business that i have come across in all my life surfing the internet and i think many
people on this forum also think about the same thing (have the same opinion with me). no other internet /online business can beat forex trading. period.

[aruna]

forex is a money making machine because for them this business is easy but for us the newbie and not professional
forex business is not yet a money making machine. we still need to endure hardship and lots of training to achieve success and make
this business as a money making machine.

[manish]

yeah... i also believe in the same thing. forex is risky for those who do not want to spend some time to learn and practice.
gamblers will also find this business as risky, but people with patience will emerge victorious in this business.

[aruna]

there is no doubt that instaforex is a great broker because they also helped small traders like us by providing this kind of
forum that allows us to get information, education and also bonus that we can use as our trading capital.

[sgoythale]

in my opinion people can only make money in this business when there is a trend that they can ride/bank on. and this is true
in all trading business such as in futures trading, and options trading. the thing that can help us to identify a trend is by using an indicator
or by using tools like fibonacci or trend lines, or patterns (western bar patterns or candlestick patterns).

[manish]

trading everyday is also a good thing because there is always an opportunity to make money in this business everyday.
but to find those opportunity we must be patience and have a lot of skills because this is a tough business.

[sgoythale]

i agree with your opinion that in order to be rich in this business we must have a lot of skills and also a lot of experience
because this business requires strong mentality and strong determination also. but overall we must be prepared to stay in this
business for a long time if we want to achieve something big such as making a million dollar.

[manish]

i don't think people need luck so much because a solid forex trader don't depend on it as their main skills.
luck will come unexpectedly but real trading skills are dependable. so we should only rely on our trading skills.

[sgoythale]

that's true guys , lack of knowledge and experience are the most important reason of losses among traders, but I don't know why they don't take a look to the other traders and start learning from them, they can help them very well.

[manish]

you can't trade without emotion if you are still a newbie because this kind of experience (losing money) is not
part of your daily routine. that is why new traders must deal with their weakness first especially regarding emotion.

[sgoythale]

I think this is a good forex forum, indian-forex already well known among traders and this forum will remain will be the most favorite forums in the world so you will be able to continue to seek knowledge from this forum.

[manish]

there is always a way of trading that we don't know about and there are ways to make money everyday.
some people are doing it but they are quiet about it because they don't want people know that such strategy exists.

[sgoythale]

in my opinion the price of gold is on a sideways mode and probably will break to the upside because as we can already see that the price of gold in h4 already formed the first top and the first bottom of a sideways channel. so we will have to see whether the price will form the 2nd top and the 2nd bottom.

[aruna]

then i think you are a long term trader or risk averse person who trade very careful. i think that goal is good and pretty safe
to achieve. the main thing is you are not greedy and i agree with you completely about your trading approach.

[sgoythale]

i think a trader can start trading with any currency pair that he wants but it is important to stick to that currency pair until
he master it. otherwise he will get confused about the behavior of the currency pair...

[aruna]

I am now very fond of Forex trading. I feel very interested in Forex trading i think if i can trade well i have a very well future in Forex trading because it is the best online trading system and i has a lot of opportunity to earn money so i use as many time as possible for me.

[aruna]

i have the same opinion with you and i also think that $100 is enough as a start but if you have more money in your bank then you can
also use more. it is important to keep the ratio between the balance in your trading account and the total money that you have.
we must keep the ratio low so if we lose the trading account it will not affect our life financially.

[sgoythale]

i think there are already many tips from professional traders and expert traders about this subject and frankly it is
really up to us whether we want to follow them or not. so the burden to become a successful trader is entirely upon us.

[aruna]

some people say that steady and slow will win the race but i think we should trade however we think we are comfortable.
so if we are aggressive by nature then we can use the aggressive trading method and if we don't like too much risk then
we should avoid taking too much risk when trading. so to each his own...

[sgoythale]

luck is good but it is not as important as trading skills/good analysis because luck can't help us to spot/identify a good
trading signal when we are monitoring the market chart. luck is an extra or a bonus for our good analysis and we should not treat luck more than this.

[aruna]

using stop loss is good to keep the position so we don't lose too much. some people advise to trade without using stop loss
at all but i think this is a dangerous advise for people because they might think that this is good to do while it is the opposite.

[sgoythale]

forex is far more advantageous than stock market because in forex trading we are allowed to use only a small amount of our
capital to buy or to enter the market. also, the movement in the stock market is less volatile than the movement in forex market.

[sgoythale]

i agree with you completely that trading without any indicator is something that only pro or expert traders can do.
but we can train to be like them however, it will take a long time for us to get to their level.

[aruna]

of course because we can't really predict what the market will show us and how many pips it will move up or down during the day
or during the trading session. so we just have to take whatever the market give us. that is why it is not good to make fixed target.

[aruna]

i really don't think boring is the appropriate word for it. because it is something that can help you to avoid losing money when you
are still not very good at trading in the real market. but of course, if you have a lot money then you can say something like that because
obviously you don't mind to lose money in the real market when you are still learning the stuff and no nothing at all.

[sgoythale]

scalping is a great trading strategy especially for those who love high risk because this kind of trading style is not for beginners
or those who don't like to take big risk. so it is obvious that this trading strategy is not the best for everyone in this business.

[sgoythale]

i think a reasonable capital will highly depend on the financial situation of the trader. if he has a lot of money in his
bank then he could use more than the rest of the trader in this business. but the rule of thumb is we should only
use the amount of money that we can afford to lose without hurting our financial situation.

[manish]

there are many sources to get forex information because the knowledge about forex is spreading and many
people are discussing it everywhere. there are also new websites created everyday about forex trading.

[aruna]

trading without emotion is really hard to do for me. i don't even understand why but every time i want to enter the market
or when i see the direction reversing i will get emotions running through my head. so this is bad for me...

[sgoythale]

i think that forex trading contest is useful for us to see the trading strategies that is being used in that contest
and then we can compare them to see which one is better or how the winning traders used the strategy.

[manish]

i'm glad to read so many success stories on this thread (on this forum) and it really encourage other people
to also achieve success through hard work and working smartly. this is why i like this forum...

[aruna]

also tried to withdraw before from instaforex and it is instantly transferred to my liberty reserve so i like to use this forex
broker. even so, my balance is not big and i don't withdraw often because i want to accumulate my balance.

[sgoythale]

i think of the same thing with you there is really no differentiation in this business because we don't see who took
our opposite closing orders and who took our opening orders so i think gender is not an issue here because there is no direct face to face interaction.

[manish]

the internet connection is the real scary thing when it comes to mobile trading because there are interference
and unlike when we are connected directly to a wire. i prefer to trade using a wired connection.

[aruna]

i also think the same thing. many people in this forex trading world uses EUR/USD for scalping and they say it is a good
currency pair to be used in scalping because the spread is very low and the movement is not too hectic. and i also
see in the strategies section that many people scalp using EUR/USD so i think it's true...

[sgoythale]

i think we should not worry about a trade unless something very bad or unsuspected thing happen in the market such
as the very big gap up or down because before we trade we already have a plan and in that plan we already have stop loss setting
and this stop loss is something that will protect our account when something bad happen. so there is really no need to worry about
anything because we already think about it before placing the trade.

[manish]

personally, i think there is no market that can beat the forex market because this market is superb in every
way. also in online business there is no rival to forex trading business. many people will agree with me on this subject.

---------- Post added at 10:40 PM ---------- Previous post was at 10:36 PM ----------

the advantage of the forex market is too much compared to the traditional stock market. even with today's SSF
or Single Stock Futures the forex market is still beating the stock market by a lot.

[aruna]

yes, i agree with you, although the business is risky it is worth the reward and that is why people are still trading in this market.
those who fear too much of the risk in trading should not be trading at all because they will not be able to handle the risk and will only get stress in this business

[sgoythale]

agree with you on this subject. i also think that forex trading will exist for as long as countries are buying and selling things or services to each other and have an economic relationship because forex is just an abbreviation of foreign exchange which is so apparent about its meaning. and i also think that for as long as people live they will do business with each other unless they have different arrangement between each other or collectively.

[manish]

forex investing is of course risky and rewarding at the same time because they are the balance in this business.
if there is no risk there will be no worthy reward to pursue. that is why this business is both risky and rewarding.

---------- Post added at 10:41 PM ---------- Previous post was at 10:31 PM ----------

yes, i also think that a trader must calculate the risk and the reward before entering the trade but this kind of thing
is really hard to do because we don't know yet how the market will turn out to be. therefore, using risk reward ratio is very good.

[aruna]

it is important that you wait for the best time to enter the market and not just enter the market when you want to enter
because you might lose money by doing that. strong trading signal also depend on the trading strategy that we use.

[sgoythale]

there is a strong tendency for this currency pair to move upward as we can see from the chart that i presented above. it formed the 2nd high for a sideways channel but then it broke that upper limit and move up strong (indicated by the single big candlestick there. the price already shoot up above the moving average and the RSI already crossed the 50% so i think EURUSD is heading up.

[manish]

forex is indeed risky and that is why many people lose money in this business but it will never make people
completely leave this business and that is why there are still many traders who are trading on a daily basis.

[aruna]

i agree with what you said. luck is not only limited but it is rare to happen. obviously we can not depend on something that is rare
to happen. we must depend on something like strong analytic skills and this is what the professional traders use to make money.

[sgoythale]

i agree with you about this. not wanting to lose money is good but to the extent of being afraid to trade is not good at all.
and also we will have less opportunity if we only look for the "perfect" trading setup/trading signal...
so we should not lose hope when we face loss and not become too afraid to trade.

[aruna]

i agree with you that people can trade without emotion but it is a hard thing to do especially if we have this problem in our
trading life. we have to learn how to put emotion under our control so we can make more money than we currently earn.

[sgoythale]

That is the perfect sentence in the forex trading world, at least i think so. We are those traders who know every risk factors and after knowing these, we repeatedly doing these again and again. When we avoid these, we will be the gainer.

[manish]

in order to make profit some people will just trade every day and i think this is normal because every one
came to this market to make a change in their living and they want to do it little by little. that is why they trade everyday.

[aruna]

yes, i agree with you completely about this matter. i also think that someone who wants to achieve success must learn a lot of
stuff because there is nobody who is born as a trader. everyone must learn. some people learn fast some people need more time.
but the eagerness to learn is something that is so important.

[sgoythale]

scalping is really hard to do especially when you are new to this business. someone must train very hard in order
to achieve the level of success that the professional traders have in this business.

[manish]

luck is not needed by people who are already good in trading and have strong analytical skills but for newbie trader
like me i hope the luck will come and i can make a big profit from it. even so, i will not hope too much for it...

[aruna]

in holiday there is always a trader who trade in the forex market because this market really moves everyday but for every trader
because the liquidity is too low for a retail trader like us. and also retail traders don't have access to deeper liquidity and have lower
account balance than the institutional leve of trader.

---------- Post added at 10:43 PM ---------- Previous post was at 10:30 PM ----------

the worst time to trade forex is when we are not fully ready. some conditions in life forbid us to trade such as when we are not
healthy physically. this is bad because when we are sick we tend to make a bad decision because our mind is not running with its full
capacity. also when we are not healthy mentally we will only lose money because the profit comes from the healthy and analytical mind.

[sgoythale]

knowing what to do is very important especially in this business because every trading decision that we make will affect
our trading account directly. that is why we must proceed wisely and not rushing our trades...

[manish]

for me i think it's the fear factor that people must deal when entering the market and the second emotional
factor is the greed. both of these emotional elements are bad for the traders' account.

[aruna]

demo account i a very useful tools to help new traders because it can help the new trader get familiar with the forex trading
environment and also to test the trading strategy. so new traders must use this to his own advantages. some forex brokers
offer a 14 days demo account some other offers only 30 days demo account while rest offers unlimited days of demo account.

[sgoythale]

it is obvious that traders must be disciplined in order to make a lot of money from this business because we dealing
with many smart traders around the world and also with people who have or manage a lot of money

[manish]

i see many people are making profit every day even though the profit is not big on a daily basis but on a monthly
scale it is big. imagine making 1% everyday for a month. it is already 20% and it's good. so yes, i think it is possible because i already see proofs.

[sgoythale]

yes, but not that many people have the same level of experience and knowledge in this trading business so we must
scrutinize every trading strategy described in the e-book before we use them so we will know the effectiveness of the strategy and not lose that much money.

[aruna]

i agree with you that forex forums are designed to act as a source of knowledge and information because many people come to forums
to share their experience or read other people's experience. this is beneficial for those who share and those who read them.

[manish]

that is also a good thing to do because we must cool our mind first before proceeding with anything related
to forex trading. because it is not good to trade while our mind is not in stable condition...

---------- Post added at 10:44 PM ---------- Previous post was at 10:32 PM ----------

i think many people also feel the same when they encounter loss in their account because in essence they are losing
their money that they worked hard for. however, we should not be drowned on it for too long. we should get back up and then fight again to make profit.

[aruna]

forex market is a very flexible and advantageous market when compared to other market such as the stock market, futures market and the options
market. and this is all because the forex market does not have a central market so we can be relaxed when a stock market in certain country crash
because it will not be enough to bring the entire forex market down.

[manish]

i personally think that both trading system is good but if i have to choose just one of them then i will choose short
term trading because i am not a full time trader yet as i still have day job. people should select which is the most
suitable for them.

---------- Post added at 10:45 PM ---------- Previous post was at 10:26 PM ----------

i think short term trading can bring money to us and so is long term trading. we only should know when to use it in the market.
also, we must know when to stay out of the market when the situation is not good for trading.

[sgoythale]

there are many knowledgeable trader on this forum and so we can benefit from their trading experience, tips and their tips.
when we join a conversation with them we will benefit from their view about certain point of trading.

[manish]

han bhai je bat ekdum shi he apki jab koi new trader starting leta he to wo forum ki help ke sath hi next step join karta he .kyo ke forex starting me bhut ashi help karta he hmari or aage ja kar bi karta rehta he

[sgoythale]

if we use other trading system than intra-day trading method we will find it hard to find a good trading signal during the day.
sometimes we only get a good trading signal every two days or even more in the case of long term trading strategy. of course,
we should not enter the market when we don't have the trading signal so we don't lose money.

---------- Post added at 10:46 PM ---------- Previous post was at 10:45 PM ----------

yeah and i think it really depend on the trader himself whether he want to trade or not and also if a trader is using a
small time frame he will find multiple trading opportunities in the market. but we must also be aware that there are fake trading signals too.

[aruna]

stop loss depends on where you enter the market. the 20 pips stop loss setting is a proven setting used by those who are already
making money so this is not just a guess. it is a result of many years of trading and research done by a professional trader. but of course, if
you are using a different trading strategy then this kind of fixed 20 pips SL will be meaningless for you. and it is obvious that you are using
a different strategy than the one that i read. anyway, the point is you have to put the SL according the the trading strategy that you use and this point
has been repeated many times even by me on this thread and also by many other member. so use whatever is suitable for you as long as you can
make more money from it and don't just take anyone's word for granted.

[manish]

i come to this forum because i want to learn other people's trading strategy and take what i can to improve
my own trading strategy that i use. and up until this day i already read many of the most effective strategy so
i get a very positive experience on this forum and that is why i like this forum.

---------- Post added at 10:46 PM ---------- Previous post was at 10:32 PM ----------

i like the Live Trading Discussion and the General Conversation so much because from these two sections of the forum
i can get a lot of things such as trading analysis from various trader and also the experiences of other traders.

[sgoythale]

the risk in forex trading is depending on the level of skills that the trader has so the higher the skills of trading
of the trader the lower the risk in his trading. and the opposite is also true that the lower the level of
skills of trading the trader has the higher the risk of his trading.

[aruna]

yes, we can't put too much of our capital in our daily life into this forex trading business because there is a risk
that we are going to lose part or all of it. so it is better to use the capital that we won't be so much bothered
when we lose them. this is the most repeated advise from professional traders so i think this is good

[manish]

a good trader will have to be able to sort the bad opportunity and execute a trade that is profitable.
also, a good trader must be patience and not have a rookie attitude (wanting to make money overnight).

---------- Post added at 10:47 PM ---------- Previous post was at 10:33 PM ----------

good trader will make money and his win to lose ratio is leaning toward his winning side. also, a good trader will
have a very good control over his patience and he can wait for a long time for a good trading signal.

[manish]

yeah, i agree with you. the tension and depression do not need to be considered because the potential profit
is far bigger in this business. once we get profit we will understand that it's all worth it...

---------- Post added at 10:47 PM ---------- Previous post was at 10:37 PM ----------

i agree with you very much because this business is connected directly to your trading account (real money) so if you
enter at the wrong time or wrong side you will directly lose money but if you enter at the right time or right side you will make money.

[aruna]

stop loss is important and i really think that nobody can deny it's usefulness because it is proven to prevent the trader from
facing margin call too soon in this business. also, it makes us secure and not worry that the market will hit our trading balance badly
because we can not lose more than we already put as stop loss.

[sgoythale]

from what i read from this thread and this forum most of the traders are using either 1% per trade or 2% per trade.
and some other traders use 5% to 10% per trade. i think it really shows the personality of the trader who is aggressive and who
is moderate risk taker.

[manish]

demo account is important to do especially if the trader is new to this business because new traders usually
make mistake and it can be costly if they are going to use a real account. that is why the forex broker provide
the opportunity for the new trader to test the business and familiarize himself about the market.

---------- Post added at 10:48 PM ---------- Previous post was at 10:34 PM ----------

i also agree with you. if we don't have any experience at all with the trading market (forex) then we should take advantage of
the demo account because we can see how the market works by using this demo account and we don't lose even a penny
if we make a mistake.

[aruna]

that is why we must try our best to get the knowledge and information and also practice and improve our trading so we can
also be called professional or expert traders and make this business into a money making machine.

[sgoythale]

yes i also think trading using m5 can be done by using different trading strategy because there are actually a lot of
strategy that uses m5 as the base time frame for trading. and it is also good for intra-day trader.

[manish]

i am also a part time trader and i truly think that many of the trader on this forum is also still a part time trader. the reason
can be various depending on the situation of the trader. some people because of his small trading account some other with
trading skills reason.

[sgoythale]

yes, i agree with you that we should take care of the weaknesses that we have step by step because we are usually
seeing other people instead of seeing ourselves and that is why it is hard to control ourselves especially emotions in trading.

[aruna]

demo account is very effective and useful for new traders who really know nothing about trading and forex business. someone who
already trade in stock or futures or options already have an idea about the trading mechanism but someone who is totally new to the trading
business will have to go through a training using a demo account to get familiar with what to do after opening the trading platform.

[manish]

whether we want to withdraw profit or not we should adjust it with our financial situation and our trading strategy.
if our strategy in forex trading is to make a weekly income then we should withdraw our profit every week.

[aruna]

we can get information about forex trading through various ways. from the forex forums such as this one to forex websites,
forex chatrooms, forex e-books, printed books, youtube or forex course or forex webminar etc. so there is no shortage of place
to get all we need about forex trading. but make sure to find the good information

[sgoythale]

forex trading is risky and we can't really separate forex trading and the risk that exist in this business. the only thing
that we can do is to lower or reduce the risk by improving our trading skills. and i think this is the only way to reduce the risk in this business.

[aruna]

i don't think higher leverage means high loss. it all depend on the trader himself/herself because the leverage is only a tool
that the forex broker give to its clients and all client are given the same option. so if the trader choose to use high leverage
then it is his/her own choice.

---------- Post added at 10:50 PM ---------- Previous post was at 10:29 PM ----------

what you said is true... we will find risk everywhere in the business world and not only in forex trading business because in those who
only look for security will only work in companies or office and rely on the security of their paycheck. but forex trader is like a journey,
some people will make money, some people will lose money and some others will play the zero sum game.

[sgoythale]

i agree with you that hard work is better than luck in this forex trading business because it is more dependable in the long term.
but for me finding this forum is a luck because i didn't know about this forum before. the knowledge that we gain from this forum can increase the chance of having luck on our side. because some pro traders say that the more knowledge and experience we have the higher the chance of getting lucky.

[manish]

the process should not be backward like that. first we should learn a lot and learn as many things as we
can. and then after we practice it over and over again we will gain valuable experience.

---------- Post added at 10:50 PM ---------- Previous post was at 10:25 PM ----------

i think learning without earning is worthless because the goal to enter the forex market is to make money from
trading so if we only learn but don't earn then our learning is of no use. nobody enter the forex business just
to learn and not earning. it's a waste of time to do that...

[sgoythale]

i want to be like you to be able to control the emotion in myself and then make a lot of profit from this business.
this is a tough subject and people will have different opinion and solution depending on their own personality...

[manish]

the most important reason for the loss in forex trading is the trader himself. the problem starts from the trader
and then spread to every angle. because no matter the problem is the trader must be able to handle it.

[sgoythale]

i think making a daily profit continuously is possible but the goal of the new traders should be to reduce the mistake
that we might make and then if we can do that we should increase our target to making consistent daily profit.

[manish]

your opinion is not backed with solid fact. i don't think forex trading business really remove the unemployment problem.
where did you get this opinion from? i don't think you can find evidence about this. forex is only a way to make quick money
by an expert trader but it's like hell for first time traders.

[aruna]

honestly, my total profit so far is not that much which is why i am still trying to improve my trading skills so i can make much more
and build my account at the same time. but i am encouraged because i see that many people are making much more money in this business.

[sgoythale]

yes, i think the choice of IB can affect the pure spread that we will be dealing with. but to be honest, i don't think
it reduces the risk i this business unless he is using scalping trading strategy because we will be targeting hundreds of pips.

[manish]

my eyes are not good if i want to stay to monitor the chart for a long time per day. i don't want to hurt
my eyes just because trading. health is my priority and more than money. so i only watch the chart when i get alert.

---------- Post added at 10:52 PM ---------- Previous post was at 10:17 PM ----------

yes, when i first started trading i think i can capture the opportunity every hour during the trading week. but as i
understand more about this business i can see that the market fluctuates nicely (according to my trading strategy) during certain trading session.
mainly the European and the U.S. sessions.

[aruna]

i agree with the opinion mentioned by many members on this thread that real trading is real in every sense and demo
trading will always stay demo account because they both have differences although they are similar.

[sgoythale]

don't think that trading using short term trading strategy is more risky than using a long term trading strategy.
because we can use a small time frame and then also use a small lot size. so we can balance the risk in some ways.

[manish]

it is never good to borrow money just to use it for forex trading because this business is full of uncertainty and when
we borrow money it is far better to use it for something that is sure so we can also relax our mind.

[aruna]

if you are just using it as a way to protect your profit then you have another option that you can use and that is the trailing
stop loss. because the trailing stop is also protecting the profit when we have it. and also it is less stressful when using trailing stop compared to using a hedging.

[sgoythale]

i agree with your opinion that loss can mean insufficient skills in trading in this market because most of the time when we look
back to our losing trades we realize that we should have never took the trade. so when we have more knowledge we will realize more mistake and we will avoid it in the future.

[aruna]

yes, i agree with you completely about this matter. i also think that to be able to make profit each day a trader must have the ability to face
every kind of market situation because the situation in forex market change everyday so we will face different kind of situation everyday too.

[sgoythale]

forex market has too many advantages when we compare it with other types of trading market because this market
is modified to accept many people from all over the world and so many people join this business. things like low capital,
super high leverage, ease of transferring (deposit/withdraw) money, 24 hours market, very deep liquidity etc.

[manish]

yeah... forex trading changed my life too in many ways including how i use the internet and my whole time during
the day. usually i don't use it for productive things but now i know that i can use my free time for something meaningful
and can potentially bring me income.

[aruna]

i never do news trading in the real account because i know it is dangerous and newbie like me should just avoid doing that
because i don't want to lose money doing newbie mistake. i tried it on the demo account but it did not yield profit for me.
maybe because i am still new to this business

---------- Post added at 10:55 PM ---------- Previous post was at 10:37 PM ----------

some people who love high risk usually love news trading and i read some of the strategy that they use and i think
i am not suitable for that kind of strategy because it is more like a 50:50 chance trading almost like a gambling.
people use "trap" method and i don't like that kind of strategy because i still prefer a more analytical approach with
higher chance of winning than something like like "trap" method.

[sgoythale]

i get many tips from this forum from stop loss settings, how to start analyzing by using support and resistance,
and also the money management strategy plus the trading strategies in intra-day style. so this forum is beneficial for me and my trading career.

[manish]

forex hero is a term that is used for someone who can conquer his weakness in forex trading and then rise up
to become an expert and make consistent income from this business. i hope i can be a forex hero someday...

[aruna]

i think both are important because you can enter and exit anywhere as long as you know when to do it (the right timing).
if we enter at the wrong time we will lose money and if we exit at the wrong time we will also lose the money that we already have previously (unrealized profit).

[sgoythale]

good mind is very important for trader in this business and discipline is also good for a trader. but good mind can't be acquired because
it is in the gene of a person. the good thing is we can train our mind to become smarter and wiser. and discipline can be built.
so i think a good trader is someone who acquire the skills by his strong determination to succeed in this business.

[manish]

of course there are differences between demo account and real account and i agree with what you said.
the main difference is in the psychology of the trader. in real account the pressure can be felt directly.

[aruna]

i really think that in every business you will see people who fail and people who eventually get success. and this is the same in forex
trading. but forex trading is a business that is easy to enter so many people get lured into it and start to lose money. obviously when
people don't make money in this business there is something wrong with what they are doing because other people are making money, right?

---------- Post added at 10:56 PM ---------- Previous post was at 10:50 PM ----------

this market is full of different types of trader. there are successful traders, there are loser traders, there are new traders
and there are also struggling traders. and unfortunately it is true that the traders that make money in this business is less than
those who failed and lose money in forex trading. so this is a warning for us as new traders so we can improve and keep learning
to avoid losing too much money achieve success in this business.

[sgoythale]

i agree with you. we should never ignore the importance of enjoying our profit from this business because no matter what
we came here in this business to make money. so when we get profit we should also enjoy it once in a while so we can charge our mind
to make more profit from this business.

[manish]

if someone wants to become a good trader then he must spend time to understand how the business works and how
to attain good experience and build trading skills. if the trader can do those things he will be able to make money.

---------- Post added at 10:56 PM ---------- Previous post was at 10:20 PM ----------

i think it is easier said than done. to be a really good trader takes time and serious effort before this business
is huge and is really hard. literally only the strong can survive in this market because the weak will always lose money.
strong in terms of analytical skills and capital.

[sgoythale]

what you said is true, why should a beginner borrow money to enter this business anyway? there is really no strong reason
for this because new traders don't yet have what it takes to make a consistent profit from this business.

[aruna]

i think forex trading is a very practical business (online business) compared to other online business such as the affiliate
marketing or adsense or any other online business because we don't need to do any kind of convincing other people and then selling the product.
in forex trading we can just sit silently and enter/exit the market without anyone noticing.

[manish]

from what i read the hyip is used by traders in the past to gain money for their trading and the result is shared when the results came in.
but unfortunately many people lose money because the traders usually are beginners. i also read a lot about forex from this kind of business.

[sgoythale]

yes, margin call is done automatically when our net position exceeds the margined capital (the capital that is free) and this is done
to protect the broker from the risk of losing money on their side and also to protect investor from risky net exposure from their overall position.

[aruna]

yeah what you said is correct. i think there are many trading strategy out there that can help the traders make money in this business.
it does not matter whether it is a manual trading or automatic trading. but i really think that on the long run it is beneficial that the trader
trade on his own because from this he will be able to enter many different path when he is successful. for example if he is a successful trader
he will be able to teach in seminars or forex schools, or manage other people's money, or write forex books etc.

---------- Post added at 10:57 PM ---------- Previous post was at 10:51 PM ----------

yeah i agree with you completely. it looks like there is a huge misunderstanding in this forum about this matter because
clearly that manual trading is just the way we handle the trade (analysis, open position and close position) and not even a strategy at all.

[manish]

the safest stop loss point/level depend heavily on several elements in your trading. it depends on your trading
strategy, money management, risk preference, time frame that you are using etc. so it's like clothing where you
can buy one size fits for all shirt.

[sgoythale]

i think a trader will have to face the market and take risk every time he open a new position because there is really no other
way to trade other than to face the probability to lose money. but from what i read in the strategy section there are also people who don't like to use stop loss.

[aruna]

i also think that trading using one currency pair is the best both for the new trader and also for the old trader because it
is practical do to so compared to trading using several currency pairs. also professional traders advise us to trade using one currency pair
at least until we become good with it before adding another currency pair.

[manish]

yes, i agree with you. without capital we cannot run this business. that is why we must be very wise in using our
limited capital because capital is gain with hard work in our day job or even by posting on this forum. we must use it
as strict as we can.

[manish]

yes, i also think that stop loss is important to us. the reason is the because the stop loss can prevent us from
too much loss in our trading. so when our analysis is wrong we can cut our loss automatically.

[aruna]

it is good to do several businesses at once because you will become productive in life but you must also concentrate
a lot more. forex trading needs a lot of concentration to do so if you do several businesses at once you will have to prepare

[sgoythale]

people can get information regarding forex trading strategy or money management technique or anything that is related to forex
from different ways. there are forex TVs, forex live broadcast, forex radio, forex forums, forex ensiklopedia etc.
but i prefer to taking information from this forum because the user is many and dynamic

[manish]

forex trading is a type of money making machine but it's not like a real machine where you only need to push
a button and you will receive your money. you will need to trade in order to make money in this business.

[aruna]

i agree with you. many people come to this business expecting to make a lot of money overnight and of course they finally
realize that such a hope will never happen because in this business we must have a lot of knowledge and practice to get experience.

[sgoythale]

forex is not a gamble but of course, people can use it to gamble for example when people enter and then hope that the market will
take its course or when they simply move technique such as pure martingale. so it is up to the trader what to do.

[manish]

if you want to trade during the most active time in forex business then i agree with your opinion.
the European session is the best session compared to the American and Asian session.

---------- Post added at 11:00 PM ---------- Previous post was at 10:18 PM ----------

i think the best time to trade depend on the currency pair that you are trading. for AUD/JPY it's the Asian session,
for the EUR/GBP it's the European session and for the USD/CAD it's the American session.

[aruna]

i agree with you that in order to become a millionaire we must have a lot knowledge and experience and those things
will come after years of trading. so obviously newbies will have to go through some years before they can become millionaires.

[sgoythale]

what you make sense and in my opinion people can think about forex like that because it is obvious that forex is a place
where people are making money everyday. but forex is only a money making machine to those who know what to look for and how to do that.

[manish]

one of the famous characteristics of a gambler is the urge to make big money in a very short time so i agree with what you said.
forex is not a gambler to those who can analyze the market and gain from entering at the right moment.

[aruna]

if i have $1,000 in the trading account i will at least look forward to have $50 to $100 per week and that is around
5% to 10% per week as i think that is sufficient and not too aggressive because i am afraid to go too aggressive.

[sgoythale]

i am still not satisfied with my forex trading because i still don't make the kind of money that i expected to make in this business.
so i will stick to this business and try to make it my consistent money making machine to support my life.