Forex Bitcoin Forum

Bitcoin Forex Forum

  • Forex Games
  • Forum
  • Dear friends! All bonus programs on the forum are temporarily suspended.       If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below.      
      Dear friends! All bonus programs on the forum are temporarily suspended.       If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below.      
    Results 1 to 6 of 6

    Thread: traders

    1. #1 Collapse post
      Atenkosi is offline
      Junior Member Atenkosi's Avatar
      Join Date
      Sep 2019
      Posts
      1
      Thanks
      0
      Thanked 2 Times in 1 Post
      SubscribeSubscribe
      0

      traders

      Trade an bonus

      Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


    2. The Following 2 Users Say Thank You to Atenkosi For This Useful Post:

      Unregistered (2 )

    3. #2 Collapse post
      Ozigi is offline
      Junior Member Ozigi's Avatar
      Join Date
      Oct 2019
      Posts
      4
      Thanks
      0
      Thanked 1 Time in 1 Post
      SubscribeSubscribe
      0
      I will suggest you check out babypips. It's fantastic.

      Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


    4. #3 Collapse post
      snufkin is offline
      Junior Member snufkin's Avatar
      Join Date
      Dec 2019
      Posts
      2
      Thanks
      0
      Thanked 0 Times in 0 Posts
      SubscribeSubscribe
      0
      So um, this is a thread where people discuss traders? Ildar Sharipov and his instaforex, anyone?

      Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


    5. #4 Collapse post
      CorporateProfit is offline
      Banned CorporateProfit's Avatar
      Join Date
      Jun 2020
      Posts
      28
      Thanks
      0
      Thanked 13 Times in 6 Posts
      [Case study] How often are you tilted


      Costly emotions for a trader
      Professional traders close orders when they know the exact moment of exit. Beginners open orders when they see an excellent opportunity for entry. Therefore, their risk management strategies are vastly different.

      Raja is an intraday trader who opens and closes orders based on moving averages. Once, he had a miserable day.

      The awful day

      9:00 a.m. to 12:00 p.m.


      After researching several potentially profitable opportunities, Raja decided to make a move. He immediately opened five orders with considerable risk at 2%. The market was not in his favour that day as all of his orders automatically closed at the Stop Loss level, leaving only 10% of previous capital intact, which was devastating.


      12:00 p.m. to 3:00 p.m.


      Raja stuck to his strategy and opened four more orders to cover his previous losses. After funding his account with more capital, he quickly lost another 11% of his remaining balance.

      At this moment, his psyche broke and became unable to cope with the stress of having lost 20% of his capital in just a few hours.


      4:00 p.m. to 5:00 p.m.

      When your psyche is in such a fragile state, you're incapable of reason, and you can think about only revenge, and that's just what Raja did. He opened one last order with 5% risk and ended in the loss. The series of loses culminated to a total of –23.8%.

      Is trading not for me' or was I tilted?
      After a few days, Raja once again uncovered suitable opportunities to enter the market, but was too hesitant to place the orders. Raja's emotions were deciding his actions; this is commonly referred to as tilt in Forex trading. Traders are unable to execute their strategy and are only guided by their emotions. As a result, they lose money, but what's even worse is their motivation and self-confidence evaporates, too.

      Patience bears profits
      Raja employed the 2% rule but neglected the 6% rule, and subsequently lost more than he could afford.

      The rule of 6% indicates the level of acceptable losses per day. Exceeding this threshold could have many adverse effects.

      When losing more than 6%, you panic, question everything, and start making unwise orders.

      Let's see how much Raja could earn by using a better risk management strategy.



      Raja's strategy



      Ideal strategy



      Balance



      3455$



      3455$



      Risk Used: R = 2%



      11.9 R



      3 R



      Amount of orders


      10


      3


      Total balance


      2632.5$


      3248$


      Raja's result –615.5 USD

      While Raja may have lost his profit, he did gain valuable experience. Taking into account not only your mistakes, but mistakes of others can vastly improve your trading strategy.

      Trade patiently.

      Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


    6. #5 Collapse post
      Dave10428 is offline
      Junior Member Dave10428's Avatar
      Join Date
      Aug 2020
      Posts
      26
      Thanks
      0
      Thanked 33 Times in 13 Posts
      SubscribeSubscribe
      1
      Please I need to know more on how to trade

      Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


    7. #6 Collapse post
      PromiseOE is offline
      Junior Member PromiseOE's Avatar
      Join Date
      Aug 2020
      Location
      Nigeria
      Posts
      2
      Thanks
      0
      Thanked 2 Times in 2 Posts
      SubscribeSubscribe
      0
      Ever since the campaign for the Presidential seat in the United States of America, between Joe Biden and the current President of the Country - Donald Trump, Trading Ethics have been highly mitigated, so as to avoid propaganda in the exchange of currency.
      I think that's one action Traders need to put into intense consideration before posting trades.

      Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


    8. The Following 1 Users Say Thank You to PromiseOE For This Useful Post:

      Unregistered (1 )

    Subscribe to this Thread (35)

    Tags for this Thread

    Posting Permissions

    • You may not post new threads
    • You may not post replies
    • You may not post attachments
    • You may not edit your posts
    •