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henryduncan12
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Everything posted by henryduncan12
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New to FOREX Trading and Looking for Tools to Help
henryduncan12 replied to markoda's topic in Forex
There are some forex signaling software just go to Google and search with relevant keywords. I did not use any such software so not recommending for anyone. -
I did not try, not have plan to put trades in pairs specially when the risk of intervention is high.
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I also want to suggest you for taking help of OANDA. You also can try Alpari uk but I don't have info about their fees.
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I have account in only USD so I did not think about multiple currencies. Even I am guessing you have covered almost all things in fundamental analysis.
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Forex position trading strategy is a simple technique to increase your position size without increasing your risk. This trading strategy is particularly effective with mini lots and with averaging into a position also it works equally efficiently for standard lots. More info can be found here: ezinearticles.com/?How-to-Start-Forex-Position-Trading&id=757117
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Introduce Yourself Here - Don't Be Shy!!
henryduncan12 replied to trading4life's topic in Beginners Forum
Hi riadh, if you have experience in forex trading then you can share it here. It will help new traders to learn more about forex trading. And if want to learn something more then fire your query here, other senior member will assist you. Don't search member of a particular country. -
I think, you should read all basic info about forex trading. I prefer to the following two sites for basic forex tips: DailyForex | Forex Basics and School of Pipsology.
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I did not trade with zumo not hear more about it. Even I want to suggest you for AVAFX forex broker. It is one of the top forex brokers and currently offering free cash bonus as well. Just visit their site: Award Winning Online Forex Trading Platform, FX Trading Software and check new offer.
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I think, You should paper trade through ninjatrader using parallels or bootcamp. Start trading with less amount and being updated with latest market news and trends.
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What to Trade: Currencies When to trade? Which currency trade? How much trade? I think, You should find out the answer of these questions.
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Risk management is an important part of forex trading and due to this I put more emphasis on it. It protects trader from big loss. I only go far 1to 3 percent risk per trade.
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I am completely agree with the following sentences "Technical analysis plays a major role for many traders and can help to define trading parameters by giving specific exit and entry levels." Even, I prefer to both fundamental and Technical analysis for forex trading.
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There is a good article titled "Manual Back-Testing; Practicing the Art of Trading" at dailyfx. I hope it may help you. Source: Manual Back-Testing; Practicing the Art of Trading | DailyFX
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I keep sharp eyes on market trends, up and down and latest market news. I prefer to day trade. So you can choose your preferred time according your time schedule. 2000 Euro is sufficient capital for starting forex trading.
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Hi ratmpower, I am agree with you. More and more practice makes us an experienced trader and it reduces chance of losing money in forex trading.
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Free Daily Price Action Forex Trading Strategies & System
henryduncan12 replied to asiaforexmentor's topic in Forex
"Gold in the forex market is known as XAUUSD." I was not familiar with the term "XAUUSD". USD is rising in Asian countries as well. -
Why Do Some People Not Place Stops?
henryduncan12 replied to Octavian's topic in Risk & Money Management
Setting Stop loss is a good idea to preventing us from big loss but most of the traders go for mental stop loss while some do not prefer to use it. I think there is both pros and cons of of using stop loss. -
Demo Trading - Fun or Technique ?
henryduncan12 replied to mohsinqureshii's topic in Beginners Forum
I don't think people trade demo accounts for fun while they use demo account for practice and being familiar with trading terms and strategies. -
Do I Need to Put My REAL Name & Address in Demo Account?
henryduncan12 replied to henryduncan12's topic in Forex
SIUYA and BlueHorseshoe thanks for your suggestion. It means we should use REAL Name & Address in Demo Account with only those brokers with them we are really interested, other option is leave brokers we are not interested or use fake info. -
Introduce Yourself Here - Don't Be Shy!!
henryduncan12 replied to trading4life's topic in Beginners Forum
If your computer is high configuration then you can use two MT4 but on same time creates some problem. -
I want to know that when we registrar in demo account then it is compulsory to put real name, address and other info.
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Can you share same idea for EUR/USD? As my trading currency pair is EUR-USD.
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I think, Every traders should ask this question by themselves and try to find out solution for it. It will help them to avoid loss and make some profit during trading.
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Hi BlueHorseshoe, I don't think that marty221 is vendor and promoting this software.
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Why do you need only this software while other trading system are available free?