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Thread: What inspires you to trade?
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11-23-2011, 10:56 AM #41
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Re: What inspires you to trade?
Yes, it's not easy to gain 10 dollars daily in forex. If we made calculation, with value 10 cents each pips that means you should gain 100 pips daily. If you want to reach that, I don't think that could be reached in short time. At least we should have $500-1000 as capitals and a year of experiences.
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11-24-2011, 06:15 AM #43
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Re: What inspires you to trade?
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Re: What inspires you to trade?
you do not need more money here at least 100 dollars is enough i got 10 dollars before on my trades you can check the instaforex thread for that i only have 100 dollars there but risking high is making you suffer easier and getting caught up on MC. Consistency in getting profit is sometimes one of the main reasons i do forex.
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11-24-2011, 12:35 PM #45
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Re: What inspires you to trade?
so far I still treats forex halfheartedly, because forex has not become my main job, and to survive in foreex market is still in the learning phase, and will be very encouraging if it were able to achieve consistently in gaining profit , i guess financial freedom will closer , but its hard
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11-27-2011, 02:48 PM #46
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Re: What inspires you to trade?
Forex promises get money with opportunity by price movement , even though we buy or sell , both have chances get money , but beside it also hidden risk appetite , if our order against the trend , and many trader jump in forex , most reason is about money , we just doing in front of computer and make transaction with our finger
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Re: What inspires you to trade?
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11-28-2011, 02:29 PM #49
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Re: What inspires you to trade?
If you used $100 only, so it means you will risk your account too high and that is not good idea. If you want to get it when there is good condition of market as your analysis and you want to take risk, it was okay but you can't do that everyday right? So I prefer to use more realistic capitals to reach daily profits $10.
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11-28-2011, 06:16 PM #50
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Re: What inspires you to trade?
So far still hard to get profit every day , sometime get profit and sometime also get losses , if about goal , i think all trader have goal , and want their dream will come true , but sometime if we look result from other trader , we can get new spirit to get our dream come true
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11-29-2011, 12:12 PM #51
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Re: What inspires you to trade?
Same with me, I still couldn't get profits everyday in forex trading. It's not easy to gain consistent profit in forex because there are many things which will make market moving. So if you want to gain consistent profits, you should have good money management, good knowledges, good psychology and it needs discipline to obey trading plan well.
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Re: What inspires you to trade?
realistic capitals in not on my reach im just poor trader like the others so im satisfied with a small capital that was given to me by brokers I have no choice but to take hold of what i can do and just inspire myself on the stories of the movies more on the financial market "Margin call movie" try it on imdb
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11-29-2011, 06:53 PM #53
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Re: What inspires you to trade?
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11-29-2011, 08:08 PM #54
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Re: What inspires you to trade?
Not always like that, if you can get consistent profits but you earned only 10 cents daily so it's impossible to become millionaires with that earning hahahaa.... First goal is consistent profits then we should improve our lot and if that is possible to gain consistent profits with higher amounts
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Re: What inspires you to trade?
why would you inspire yourself earning a little amount like cents lol its better that you try to achieve bigger ones like 1 dollar at least this will be good enough to make things right on our trade making it more suitable for us to earn nasty profits per day it is possible with perseverance.
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11-30-2011, 05:30 PM #56
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Re: What inspires you to trade?
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11-30-2011, 09:44 PM #59
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Re: What inspires you to trade?
I only gave explanation that gaining consistent profits in forex didn't make us rich directly. There is process to become successful traders. Consistent profits with low amount is the first step, then you should improve your amount of profits. You can use more lot size or you can also increase your daily target.
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Re: What inspires you to trade?
yes that is what we need to do inorder to get a more suitable amount in our trade to get what we inspire to get per day. I am sure that there is something we can do to make more money in a consistent way we just need to motivate ourselves to earn better in this business I think we can do it if we just do hard work and sacrifice.
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