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- PeterFXlover replied Jan 16, 2017
Making withdrawal though bank posses a serious challenge, it is not fast from my experience. I have been getting my funds sent promptly on every withdraw since I started using Skrill. So, I suggest you change the payment method to Skrill, that is if ...
- PeterFXlover replied Jan 6, 2017
I agree with the fact that the spreads are low and competitive. What about fund withdrawal, how long does it take? What is the advantage of the pairs that BIG written after it, like this EURGBPbig?
- PeterFXlover replied Dec 1, 2016
Trading regularity or Trading frequency is not linked to profitability, so trade valid time frames and that means either long term trend following or swing trading. Leave day trading alone unless you want to lose quickly.
- PeterFXlover replied Dec 1, 2016
The leading causes of losses are, being unable to admit you were wrong, not respecting your daily risk limit and finally, revenge trading.
- PeterFXlover replied Nov 30, 2016
Refrain from believing anyone that tells you that forex trading is not risky or that profits are guaranteed. So dont sell your house, that is, trade only with money you can afford to lose. Trading in the forex market can be extremely risky and the ...
- PeterFXlover replied Nov 30, 2016
It is important to have a trading plan and follows it in a disciplined way.So having a comprehensive and objective trading plan which can easily be followed and implemented makes up a key element of any successful trader's methods.
- PeterFXlover replied Nov 30, 2016
We are now seeing changes in the Forex trading industry taking place. The sector is becoming much more competitive, regulation is getting stricter and acquisition costs are rising. In the years to come, retail forex traders should see better and ...
- PeterFXlover replied Nov 29, 2016
One of the big secret to trading successfully is trading a number of lots you are comfortable trading, some people are paper/demo trading the spot forex, some are trading micro lots, others trade mini lots, and still others many regular lots. Always ...
- PeterFXlover replied Nov 29, 2016
When a trader is unwilling to accept losses, it will lead a trader to alter his trade plans after trades have gone bad. In trading, you can’t hide your failures. When a trader easily admit to being wrong, he walks away a winner.
- PeterFXlover replied Nov 29, 2016
Traders who are confident in their own trades, those who trust themselves to do what needs to be done without hesitation, are the ones who become successful. They no longer fear the erratic behavior of the market. They learn to focus on the ...
- PeterFXlover replied Nov 28, 2016
Talking about trading philosophy, a good way of avoiding fearful trading decisions is ensuring that we do not over-leverage our account, and risking only so much that when the account is wiped out, we can laugh at the outcome, and go on and seek our ...
- PeterFXlover replied Nov 28, 2016
The success or failure of a trade is only dependant on how capable we are of excluding emotions from our study of the markets, and in that knowledge lies the alpha and omega of a successful trading strategy.
- PeterFXlover replied Nov 28, 2016
If you have started trading forex while you still don’t know what forex trading is all about and how you can trade, you will run into a lot of problems. So the big secret to trading successfully is to have enough experience and knowledge that you ...
- PeterFXlover replied Nov 25, 2016
If you want to proficiently trade Forex, a trader must control your emotions. Emotions will have no room to interfere if you follow the right track which is learning the basics and Demo trading for at least 6 months or so to master your trading ...
- PeterFXlover replied Nov 25, 2016
I would advise any trader looking to develop a trading strategy should not stop after they’ve found an enticing entry strategy. A trader should look to exit strategies, trade size, and know when to not even consider a currency pair for their ...
- PeterFXlover replied Nov 25, 2016
There is nothing more important than stop loss in Forex trading. I do not trade without setting a proper and reasonable stop loss for my trades. I would Never advise any trader to trade without using it. If you trade with a proper stop loss, one ...
- PeterFXlover replied Nov 24, 2016
Talking about trading Philosophy, Brett Steenbarger said, " Unwillingness to accept losses – This leads traders to alter their trade plans after trades have gone into the red, turning what were meant to be short-term trades into longer-term holds ...
- PeterFXlover replied Nov 24, 2016
We’re not going to play a winning hand every day. You have to be okay with wins and losses. You can't just be looking for the wins and, when the losses happen, You quit trading. No, successful traders accept losses and learn from them.
- PeterFXlover replied Nov 24, 2016
Forex is either a daring adventure. If there is no risk, there is no reward.
- PeterFXlover replied Nov 23, 2016
For profiforex, what are the bid and ask rates? I would like to also know if they are competitive.