Making It Easier On Newbies

[nahiyar]

It is possible to use it in long-term trading when you used high leverage with low lot size. I gave you an example, lets say you only had $50 as capital. If you used cent account with leverage 1:1000 (in IFX), then 1 lot = 1 cent so if you used 1 lot in each transaction then it can hold 5.000 pips with $50 as capitals. I think it's enough for long-term trading if our account can hold 5.000 pips, right?

I agree with you.I am also using the Cent account in IFX, and it is very easy for every trader to save himself from margin call by using highest leverage of 1000.We can save ourselves for a very long time, if we have proper money management...

[stefanie]

I agree with you.I am also using the Cent account in IFX, and it is very easy for every trader to save himself from margin call by using highest leverage of 1000.We can save ourselves for a very long time, if we have proper money management...

Yeah, not only leverage that you must set so you can trade well with low risk but also you must have good lot size which is proper with your capitals. If you used leverage 1:1000 then you can use lot size 1 if you don't want to lose many dollars for one transaction. With cents account then 1 lot = 1 cent so with $10 only, it can hold 1.000 pips when it was floating.

[radex78]

Yeah, not only leverage that you must set so you can trade well with low risk but also you must have good lot size which is proper with your capitals. If you used leverage 1:1000 then you can use lot size 1 if you don't want to lose many dollars for one transaction. With cents account then 1 lot = 1 cent so with $10 only, it can hold 1.000 pips when it was floating.

Cent account is good for next level adter pass in demo account , with low funds , its similar with huge capital in view , but we should consider with lot size will used , for safe trade use small lot size will more secure than using big lot size ,

[stefanie]

Cent account is good for next level adter pass in demo account , with low funds , its similar with huge capital in view , but we should consider with lot size will used , for safe trade use small lot size will more secure than using big lot size ,

Yes, after you used demo account and if you have found good trading plan then you can use cent account as starting point before you used standard account. It is lower risk to use cent account than standard account, especially if you used low capital so cent account is good choice.

[nehmer]

Yeah, not only leverage that you must set so you can trade well with low risk but also you must have good lot size which is proper with your capitals. If you used leverage 1:1000 then you can use lot size 1 if you don't want to lose many dollars for one transaction. With cents account then 1 lot = 1 cent so with $10 only, it can hold 1.000 pips when it was floating.

that is if you are a investing a money with 10 dollars only but if you have a bigger investment i suggest that you invest a much bigger amount compared to what is 10 so that you can use a lower leverage and small chances of risk since it will save your account when something goes wrong in the margin.

[stefanie]

that is if you are a investing a money with 10 dollars only but if you have a bigger investment i suggest that you invest a much bigger amount compared to what is 10 so that you can use a lower leverage and small chances of risk since it will save your account when something goes wrong in the margin.

It is about money management, as I know so far smaller risk when you used high leverage not low leverage. Can you give me explanation how could you say that lower leverage has smaller risk than higher leverage. Lets say I had same amount about $50, then you can compare with any leverages to prove that certain leverage is lower risk than others.

[nehmer]

It is about money management, as I know so far smaller risk when you used high leverage not low leverage. Can you give me explanation how could you say that lower leverage has smaller risk than higher leverage. Lets say I had same amount about $50, then you can compare with any leverages to prove that certain leverage is lower risk than others.

50-100 dollars you should use 1000 leverage but with high money with 3000 do not use high leverage if you do not want your money to get eaten by the leverage when you have made an awful mistake it will be essential for us to make sure that we are going to our leverage lower.

[radex78]

It is about money management, as I know so far smaller risk when you used high leverage not low leverage. Can you give me explanation how could you say that lower leverage has smaller risk than higher leverage. Lets say I had same amount about $50, then you can compare with any leverages to prove that certain leverage is lower risk than others.

if we chose low leverage we ned more margin to open 1 lot size , if you look in metatrader account usually in every order you made, your free margin will deduct by margin requirement for 1 lot size , and low leverage will prevent you to over trading or use higher lot size becasue your free margin not enouigh open new order , but if you chose high leverage your free margin will more large becasue margin requirement for 1 lot size will more lower , so if you can't control your trading probably will lead over trading becasue you still have more free margin to open new order

[noor]

In this regard I would like to say that time frame is important for each style, i think will getting difficult if we use weekly time frame for scalping, we will find hard to determine entry point, and whatever we chose style trading, that important is we feel comfortable to use it.

[radex78]

In this regard I would like to say that time frame is important for each style, i think will getting difficult if we use weekly time frame for scalping, we will find hard to determine entry point, and whatever we chose style trading, that important is we feel comfortable to use it.

In my opinion weekly timeframe is for position trader that have ling term trading , and for scalping trader , they will choose lower timeframe like as 15 minute or 5 monute timeframe ,but if using 1 hours timeframe maybe for determine trend that going on

[luke1]

There's no such thing as a short-cut in trading, my friend. Even if you masquerade it as "making it easier," it is still a short-cut which does not exist. You just have to go every step of the way just like everybody else.

Nothing much easier for the newbie here. Even for the old professional newbie, it is not easy to make money easier from Forex Trading here. We have to have experience, and the market is always up and down, specially because of the news.

[pinoycity]

I agree with the opinion that there is no "short-cut" in forex trading, In the same way, there is no short cut if you want to have a successful life. All ventures needed to be studied and planned and then acted upon, in order to become successful.

[radex78]

I agree with the opinion that there is no "short-cut" in forex trading, In the same way, there is no short cut if you want to have a successful life. All ventures needed to be studied and planned and then acted upon, in order to become successful.

Yes you right , not only in forex trading , but also in other kinds business , we need learn and make effort , in forex , risk is always involved in transaction , and being successful trader is required hard work and long time experience , i think profesional trader in wall street or other place also faced with loss trade due their order against price direction

[cash2cash87]

This would be achieved ny giving examples during the course of learning with live examples so yhat the rtrader can follow. Using simple, direct and informative language will also help in making it much easier for the newbies to follow and grab the concept. Regular repetition of instructions and aspects of trading that are vital will also help in making it easy for the new traders.

[jumpingkid77]

Newbies can stick to the demo accounts or if they have graduated from the demo accounts, then they can stick to trading on the cents accounts. All that has been learned can be tried out on the demo accounts and if a concept is not all that clear, then the trader can refer to forums such as these.

[dollarscout313]

Demo accounts are the home and comfort place for new traders until they get a good trading system then they can switch to the live accounts. Even on the live accounts, they have to be careful all the same and they should never start big no matter how rich the newbie is.

[radex78]

Although market movement is very dynamic and not same day to day,but beginner which practice in demo account is better way to find system trading that suitable in their soul,but for built good psychology and dicipline trading, i think real account better than demo account

[flybiz08]

Psychology is very important when it comes to forex trading particularly when it comes to losing trades. A trader must prepare the mindset to be able to handle losses which are inevitable in forex trading.

[radex78]

Psychology is very important when it comes to forex trading particularly when it comes to losing trades. A trader must prepare the mindset to be able to handle losses which are inevitable in forex trading.

Profit and loss is part from forex business,and if we get wrong analysis we can't avoid loss if we exit with loss,and yes,bad psychology often will make bad decision because just emotion that leading our decision,calm mind is very essential to analyzed market properly

[donjaz1]

I really appreciate ur effort in sharing this indicator cause there are alot of trader that have some powerful trick or software of minimizing the loose or reducing the stres in market and they are stingy to give it out.