after 3 years of losing and eventually break even and lookin and trying all types of items, im now starting to make money more consistently day after day. So yes can make money in fx and the best advice I can give u can find a system that works for a egy actually and trace it. Discipline is one of the most crucial things you could have in this game. And thats what's helping me now.
Please,after getting some instruction from the broker,how many weeks or months did it take you to do your first real exchange and how long can it take you to double your initial deposit?
quote Hi Yazzie, Who's your broker? What about the very realistic prospect of this broker moving bankrupt and us losing a portion or all of our accounts notably in forex, look what happened with MF Global futures accounts even with all the regulations at the futures market .... FX has even less regulation so very curious to know your broker
Well yeah I suppose there is always the possibility (non IMO) it might occur. Being with a Publicly traded company with a market cap more than $1.2 Billion and among the largest brokers in the market does provide some relaxation however. I am with FXCM and quite happy with them and my account team.
Any trader target is the way make profit just as much as they can, even they know about they will lose if they exchange with a big lot, but they don't frighten shed, they simply do trading, therefore if u wanna turn into a good trading u need a good mentality, so u can stay in forex trading.
At this time Im feeling defeated. Ive made some great trades this week however overall I havent created a profit. So Im looking at eduion Im ordering a few books on trading and studying more about how to imporove my success rate. Some things I've done to improve my trading is to change my leverage to 25:1 this is really important it prevents you from making absurd large lot dimensions. Ive also changed my halt to 10 pips It was 20 pips but I guess if it goes to Eliminate a lottle than shed a lot and it enhances my risk to benefit however im still chasing the holy grail
All times are GMT. The time now is 09:43 PM.
Risk Disclosure: CLIQforex will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible. Currency trading on margin involves high risk, and is not suitable for all investors. Before deciding to trade foreign exchange or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite.
CLIQforex would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore CLIQforex doesn’t bear any responsibility for any trading losses you might incur as a result of using this data.