Reason to do trading?

Discussion in 'For novice traders' started by Roman Rias, Sep 21, 2017.

  1. NewbieTrader

    NewbieTrader Member

    I agree with the latter. we do need the regular break from chart life. i can imagine myself go crazy if it was 24/7 :D chart chart chart, chart everywhere in all parts of my brain.
     
  2. Tengkorakfx

    Tengkorakfx Active Member

    Ahahaha... And it's far much better to look for a trading technique that only spend roughly 2 hours of your daily time so that you don't have to lock your eyes to the chart 24/5. Maybe set and forget strategy would work...
     
  3. broforex

    broforex Member


    Yes, as a trader, of course I want 24/7 trading, but bank must be closed on weekends, So the fact is chart is always moving, but brokers and banks are off, that's why sometimes there is any gap chart on Monday.
     
  4. NewbieTrader

    NewbieTrader Member

    yeah, if only banks can open 24/7 :D so, what is your main reason of wanting to trade everyday? is it the profit? or is it just the opportunity to make money anytime you want?
     
  5. NewbieTrader

    NewbieTrader Member

    :D i can't imagine looking into charts for 24/5. people are starting #chartlife now but i'm sure they don't mean using your entire life to look at charts. that's the story of our lives as traders "finding new strategy"
     
  6. broforex

    broforex Member

    My reason to do trading is, I can trade anywhere. As long as there are gadgets connected to the internet, that's where you can trade. Want to trade at the office, on campus, at the café, at home, in the room. Very Flexible for me
     
  7. broforex

    broforex Member

    The flexibility of time in the forex market will certainly give you enormous flexibility, to determine when you will trade. For example, you might decide to trade after returning from work, or at other times. Whenever you want to trade, at any time, there will always be enough buyers and sellers who are your transaction partners. The nature of this market, of course, will give you the freedom to manage trading on the sidelines of your daily routine.
     
  8. AleFizark1

    AleFizark1 Member

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  9. liafatlouie

    liafatlouie Member

    Forex is a business that is suitable for those of us who don't want to be tied to working hours, absences, and other work rules. With a small capital we can already trade. Forex is very flexible, it can be run anytime.
     
  10. broforex

    broforex Member

    Yes, for now, if you still don't have a good analysis, you can trading with robot, just put your robot on the chart and you will able to get some dollars. It's like passive income and don't tied you up from your other job
     
  11. liafatlouie

    liafatlouie Member

    Luckily the Freshforex broker that I chose has excellent robot facilities. It can be used free of charge and free of charge.
     
  12. Tengkorakfx

    Tengkorakfx Active Member

    But we can also filter some robots since not everything fits to our trading style. You can just test them out first through their VPS and demo account
     
    liafatlouie likes this.
  13. liafatlouie

    liafatlouie Member

    Agreed. The techniques used we must always use good Money Management when trading. Small and consistent profits are better than pursuing large profits but the risk of losing our money in an instant.
     
  14. broforex

    broforex Member

    Besides being transparent, the forex market also has very fast transaction times. Where the forex market is done online, electronic and real time. Not surprisingly, the time needed to make transactions in the forex market is approximately 1-2 seconds to complete trading transactions.
     
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  15. liafatlouie

    liafatlouie Member

    Forex transactions are very fast, so you can quickly profit and be careful, you can also get a margin call if you miscalculate. So we must use the right money management when trading so that our capital is safe.
     
  16. Tengkorakfx

    Tengkorakfx Active Member

    That's why a trading plan is needed for every single transactions. Not only thinking about the target, but also be aware of the risks of price movement in the market
     
  17. liafatlouie

    liafatlouie Member

    Right Sir. We must be on the lookout for markets that suddenly move erratically.
     
  18. broforex

    broforex Member

    It is a big mistake to assume that only parents and conglomerates play Forex trading. With the existence of advanced technology, unlimited internet network facilities and new policies from the Forex world, young people also participate in implementing the business investment. The reason is because they are tempted by the profit generated and various other benefits. Plus the first capital is relatively mild compared to the type of investment in shares or property.
     
  19. liafatlouie

    liafatlouie Member

    Agreed! Forex has many advantages, even with a small capital we can trade, unlike stocks that require large capital.
     
  20. Tengkorakfx

    Tengkorakfx Active Member

    Stock requires you to have more than $1000 worth of capital in order to gain some noticeable profits. Unlike in Forex where you can trade with $20 or even less in some cases and you can try to gain good amount of profits there.
     

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