Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.
fxeconomist
-
Content Count
394 -
Joined
-
Last visited
-
Days Won
1
Everything posted by fxeconomist
-
Introduce Yourself Here - Don't Be Shy!!
fxeconomist replied to trading4life's topic in Beginners Forum
you are welcome. If you have any trading ideas to share feel free to do that.. -
Actually trading is a line of winnings and losings, just see it as a part of your customary trading
-
Yeah, breaks are very important in trading. Doing this you protect yourself from overtrading and hence aggravating situation..
-
The problem is to find that very mindset.. I think it come with experience only..
-
I stopped out several times but keep my patience and wait for my luck again and again. Eventually you get what your are haunting on, even in forex. Guess it can be kinda of luck but nobody abolished it so far..
-
What is a “good” Time to Trade Forex?
fxeconomist replied to TheCapitalManager's topic in Beginners Forum
Every trader has his own strategy that picks best time periods for trading. Trading with Hotforex I managed to get my best periods of volatility and catching trends seems to became much easier. -
You can make off living trading forex meeting 3 conditions: 1. Decent capital 2. Moderate Skill 3. Fair broker (Hotforex for example, which I trade with) That's it.
-
I Studied Trading for 10 Minutes then Jumped in
fxeconomist replied to JayPrime's topic in Beginners Forum
I also studied it about 20 min then just logged in My Hotforex demo and started to place orders randomly. Even in those time I managed to make some profit. -
I don't recommend to spend any money to anything indirectly related to forex. It is waste of money and in most cases is scam.
-
Leverage is amount of money added proportionally to your deposit (50, 100, 500) when you open an order. While your order is active you can't lost more than your trading margin. When you close your order leverage money return to liquidity provider. For example I trade 1:500 leverage with Hotforex, which means that for one full trade lot (100K $) I need only 200$ free margin.
-
Reasonable, not ambitious goal for average trader is 10% month profit. It takes into account such important feature as consistency of earnings.
-
Firstly I would advice you to practice trading in training (demo account). There you'll be able to find what indicator best fits your trading style and apply material your read to the trading. I use Hotforex demo simple but working stuff that simulates live trading. Don't hurry to go live, it can leave bad or frustrating experience for you so you can even withdraw with any speculating activity.
-
Do you really think that it is enough to trade in the evening only to stay in profit and moreover work out profitable strategy? It doesn't make a sense you make equal forex to evening relaxational hobby.. but it is impossible..
-
Just imagine that you are involved in a most profitable market in the world, you are businessman, independent person who work worldwide. Just realize it and you will be excited of the status you have - trader.
-
I would question that statement, as there is no people who is incompatible with trading. Another important point is acquiring knowledge for that: somebody ju st leavy this rough going and give up with trading. Lacking persistency is the biggest issue in that.
-
Hi there. It is the third forex forum where I've registrated and this one seems to be the best of them. I have a good notion about forex but I feel it insufficient to make successful trading. So i would like to get more on this forum and share some interesting ideas on how to elaborate working forex strategies. Thanks