- Number of messages : 34
Points : 1100
Date of Entry : 2017-05-01
Year : 27
on Mon Feb 26, 2018 10:48 pm
As a friend of mine said before, demo account is kind of a psychologic trap, and it's really hard to escape once you fall into it.
- Number of messages : 42
Points : 1506
Date of Entry : 2016-03-26
Year : 40
on Wed Feb 07, 2018 9:16 pm
Right, you risk nothing when you open a demo account but you lose your opportunity to earn really good money.
- Number of messages : 14
Points : 879
Date of Entry : 2017-11-27
Residence Country : El Salvador
on Sat Jan 20, 2018 6:34 pm
I do not share the idea that the forex is risky, for example you can earn money without investing a dollar if you participate in the so-called forex demo competition where the broker gives you money if you can prove that you know the market and beat the other competitors of the tournament. And in my experience, the more money you have to invest, the more margin for maneuver and greater benefits in the market
- Number of messages : 8
Points : 1504
Date of Entry : 2016-03-21
Year : 35
on Tue Dec 26, 2017 11:53 am
We know that this name of the article may make you think why will you trade less on Forex? There are lots of things going on the market and if you do not trade, how will you make money? The traders in Forex think like that and they keep on trading more. They do not understand the more they are placing their trades, the more risks they are taking in Forex. If you look at the professional traders, you will find that these traders are not at all trading the markets. They are the successful traders who are trading this market professionally and they are even trading less. The less you trade in this market, the more money you will make. It is hard for many traders to believe but professional traders know it is the right thing for traders to follow in their career. You should not be obsessed with the charts, the patterns and the trends of the markets. You have to know it is your money that is on the line. If you trade more, you will be losing more money if your trades are not profitable. If you trade less, you will lose less money even if they lose in Forex.
The retail traders often love to trade this market too much. They love to stay on the board since they think this is the best way to make money. But when you start high-frequency trading you are actually risking too much money in a single trading day. The expert traders in Australia are very much aware of this fact since they know this is one of the key mistakes to lose more money. You need to trade this market just like a sniper. The senior professionals in this industry often wait for days only to find a single trade setup. Even after finding the right trade they assess the risk factors before making the financial decision. So make sure that you follow the guidelines of the professional Aussie traders or else it will be hard for you to make real progress.
Using more than one time
Using more than the one-time frame in the CFD trading[/size] industry is often known as multiple time frame analysis. This is one of the easiest ways to save your investment and maximize your profit. The expert traders always focus on the higher time frame data since it accuracy level is much higher than the lower time frame. But no matter what you do never take more than 5% risk of your account capital.
Trading more makes you take more risks
Forex market is very risky. The brokers also know that and this is why they are always taking their money when you are placing your trades in Forex. When you trade more in Forex, you can lose your goals. This has happened to many traders in Forex. They think that they have known this market and if they place the trades, time will give them profit. There is no need to analyze the markets, they can place their trades and make profits in their accounts. They believed it and placed many trades. When the trades are closed, all trades do not give you profit and you make a big loss. Traders who know this they place minimum in Forex. If they place trades, they also place these with small lot sizes as they know if these trades are not successful, they will not lose much money. This is their strategy and they make more money than you have made in your trades.
Minimum trades can give you more profitWhen you are placing min um tares, you will have time to analyze the market before each trade. You can also test your strategy and set your strategies to make the profit. Les is more and when you are following this strategy, you will have more profits in your account with minimum trades.
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