I see a lot of persons talking about FOREX. I also see they only see the FOREX as an online thing to do which is wrong. You can do it with your local currency against another currency which can bring you profit over the course of a few weeks or maybe more.
Stop being impatient first and second why don't you try this.
In your country your local currency is really strong against the USD for the moment. What you should do is try to buy USD with your local currency as USD tend to have a lot of volatility. Wait until USD becomes stronger compared to your local currency and sell your dollars then , resulting in more money in your local currency.
This is without a doubt the best way of trading.
Topic: For the benefit of trader - page 3. (Read 3187 times)
A OP quoted money management is the important factor to be successful in trading. Trading should never be initiated though you've good capital investment, because without researching about the market going into any sort of trading will cause huge miscellaneous expenses. This will affect money management, so this can be eliminated when we move forward with a scheduled plan, then trading will be successful whether its bitcoin or altcoins.
Actually i dont have any idea on any money management or any skills regarding on forex trading hence im just strating to learn up new things about it thats why its really good to hear someone on this forum expressing about this matter and its a rare thing that a trader post here. 
Trading forex is not an easy thing as many others said here and only a few does really survive on it.
No there are a lot of traders consistently do posting here. Money management is a common technique across any trading platform, but I do understand that you are seeing it only with respect to Forex trading. Trading forex is not an easy thing as many others said here and only a few does really survive on it.Unlike technical analysis part, money management will be possible for a trader only by practice. Being conscious with our capital and the risk level are few of aspects would be covered under money management techniques.
Actually i dont have any idea on any money management or any skills regarding on forex trading hence im just strating to learn up new things about it thats why its really good to hear someone on this forum expressing about this matter and its a rare thing that a trader post here. Trading forex is not an easy thing as many others said here and only a few does really survive on it.
No there are a lot of traders consistently do posting here. Money management is a common technique across any trading platform, but I do understand that you are seeing it only with respect to Forex trading. Trading forex is not an easy thing as many others said here and only a few does really survive on it.Unlike technical analysis part, money management will be possible for a trader only by practice. Being conscious with our capital and the risk level are few of aspects would be covered under money management techniques.
My own strategy for now is to select a coin with high trade volume, observe the price trend for a while.
Then buy at around the 24hr price, sell at around the 24hr high price.
Profit might not be much but it's better than nothing.
this strategy is good for coin trading because market movement is most determined by volume, technological development, big companies accept bitcoin or other coins as a mode of payment and emotions. Forex market movement is basically on three big issues: Fundamental and technical analysis, sentimental and emotional issues. I believe though trading an assets are all the same but the trading skills needed differs. Then buy at around the 24hr price, sell at around the 24hr high price.
Profit might not be much but it's better than nothing.
Actually i dont have any idea on any money management or any skills regarding on forex trading hence im just strating to learn up new things about it thats why its really good to hear someone on this forum expressing about this matter and its a rare thing that a trader post here. Trading forex is not an easy thing as many others said here and only a few does really survive on it.
Trading forex is not an easy thing as many others said here and only a few does really survive on it. 
I would like to hear what sites/ services people are using for forex trading.
What types of fees are you paying?
Are there any sites you frequent for tips/ information on trends in forex? How are you making your decisions.
Right now is a very interesting time for forex, since we have a new US president coming into office who is promising lots of changes in trade deals and foreign policy.
There might be a big change in some currencies depending on the deals Donald Trump comes up with.
What types of fees are you paying?
Are there any sites you frequent for tips/ information on trends in forex? How are you making your decisions.
Right now is a very interesting time for forex, since we have a new US president coming into office who is promising lots of changes in trade deals and foreign policy.
There might be a big change in some currencies depending on the deals Donald Trump comes up with.
My own strategy for now is to select a coin with high trade volume, observe the price trend for a while.
Then buy at around the 24hr price, sell at around the 24hr high price.
Profit might not be much but it's better than nothing.
Then buy at around the 24hr price, sell at around the 24hr high price.
Profit might not be much but it's better than nothing.
I have been trading forex for the past 8years, my experience is that; money management is best principles trader has to learn I mean a must learn if he what to succeed in trading. Money management principle make me see forex trading as a business and not gambling or lottery. More so money management in trading take fears and emotions out of trading. My question is what are your best strategies of forex trading.
Obviously money management is a one of the must thing to do and it's a common way to execute when you are in any kinds of money investment well of course especially if a person is doing forex trading or any kinds of assets trades. It's not a strategy but rather main thing to place on the table. And besides when you are in a trading activity, you are eyeing for a profits so it means you are treating the trades seriously and not as a gambling or in an entertainment view.
Everyone have different so called strategies. More importantly, a strategy of theirs must maintained their winning streak or should I say should give them more profits than a loss one.
In your 8 years experience I will assume you really built a great experience and I know others want to see your other strategies too.
guess I will ask the questions none has asked for some reason:
what made you quit Forex trading and start crypto trading?
or are you doing both at the moment?
when you have tested crypto trading enough would you mind to compare two?
what is the primary purpose of your thread:selfeducation,education of others,selfmotivation,exposure etc?
it is interesting to read about someone's experience in this field,especially if it is 8 years of experience,please carry on
what made you quit Forex trading and start crypto trading?
or are you doing both at the moment?
when you have tested crypto trading enough would you mind to compare two?
what is the primary purpose of your thread:selfeducation,education of others,selfmotivation,exposure etc?
it is interesting to read about someone's experience in this field,especially if it is 8 years of experience,please carry on
I have been trading forex for the past 8years, my experience is that; money management is best principles trader has to learn I mean a must learn if he what to succeed in trading. Money management principle make me see forex trading as a business and not gambling or lottery. More so money management in trading take fears and emotions out of trading. My question is what are your best strategies of forex trading.
you have to first have a plan and lots of experience in trading and know your way around the markets. it doesn't matter which market, altcoin, bitcoin, forex, ... the first rule is that you have to know how to trade.
money management, although being important is only a secondary requirement that you pick up on the way and it is not going to get you anywhere if you don't know anything about trading which includes most people in bitcoin world.
I have been trading forex for the past 8years, my experience is that; money management is best principles trader has to learn I mean a must learn if he what to succeed in trading. Money management principle make me see forex trading as a business and not gambling or lottery. More so money management in trading take fears and emotions out of trading. My question is what are your best strategies of forex trading.
It is look cool has experience about 8 years on trading forex and you are talking about money management in trading forex, and the best strategy of forex trading is do it with get profit consistently on there. It is mean you must have system trading, i think you was have it and can make money from forex trading. 
i am still afraid to do trading forex, because with what i've read and from my friends experience, trading forex should thorough when we analyze the market, and if there are a little mistake, then we are about to getting loss. but i don't know its true or not, if we can learn from you then it would good for us to learning more about forex. thank you for you are here and welcome aboard on this forum.
wow you have a potential im sure you're gonna be rich some day. im still learning how to do forex trading because im still not into it. im just trading literally exchange for their bitcoins in my service. what advantages does forex trading has ? planning to try next week. ijust need to do some study more before i start thanks
thanks
Thanks for the information. Thanks for sharing your ideas
about money management in forex trafing. When Ive tried to
Learn forex trading, theres really a need of patience to learn
something new. But i quit because Im having difficulties on
having a money management on forex. That you have to manage
your loses, so really thanks for sharing this benefits of traders.
about money management in forex trafing. When Ive tried to
Learn forex trading, theres really a need of patience to learn
something new. But i quit because Im having difficulties on
having a money management on forex. That you have to manage
your loses, so really thanks for sharing this benefits of traders.
I believe, if we develop a platform where we can follow veteran traders like what they are trading right now and what they are holding, that would be very much useful for new traders.
Yes, this kind of system is already existing with some forex brokers, if we copy that into bitcoin and altcoin platforms that would be nice to have for the benefit of all the traders.
Yes, this kind of system is already existing with some forex brokers, if we copy that into bitcoin and altcoin platforms that would be nice to have for the benefit of all the traders.
My money management strategy for bitcoin trading (i don't do forex trading much) is ;
1. Fix minimum profit in % of my bankroll for daily or weekly trading.
2. Fix maximum loss in % of my bankroll for daily or weekly trading.
3. Divest my bankroll in several coins/crypotos.
4. I try to keep playing with different coins to minimize loss from one coin getting hard dump.
5. And end of every week i try to calculate my total profit and just withdraw profit if there is any.
1. Fix minimum profit in % of my bankroll for daily or weekly trading.
2. Fix maximum loss in % of my bankroll for daily or weekly trading.
3. Divest my bankroll in several coins/crypotos.
4. I try to keep playing with different coins to minimize loss from one coin getting hard dump.
5. And end of every week i try to calculate my total profit and just withdraw profit if there is any.
I have been trading forex for the past 8years, my experience is that; money management is best principles trader has to learn I mean a must learn if he what to succeed in trading. Money management principle make me see forex trading as a business and not gambling or lottery. More so money management in trading take fears and emotions out of trading. My question is what are your best strategies of forex trading.
you write you experience in forex trading in 8 year
so why you question about strategies forex trading another person
i think if your strategy can get constant profit, you can share your strategies
I have been trading forex for the past 8years, my experience is that; money management is best principles trader has to learn I mean a must learn if he what to succeed in trading. Money management principle make me see forex trading as a business and not gambling or lottery. More so money management in trading take fears and emotions out of trading. My question is what are your best strategies of forex trading.
Can you share some good idea's on what you are going to manage to earn in forex trading i tried to trade in forex but i don't know really even i have a coach to teach me. I can't really manage my stocks and lose them all im good in gambling also sometimes gambling is my chance to earn money. I want to focus on trading because there has stable income. I have been trading forex for the past 8years, my experience is that; money management is best principles trader has to learn I mean a must learn if he what to succeed in trading. Money management principle make me see forex trading as a business and not gambling or lottery. More so money management in trading take fears and emotions out of trading. My question is what are your best strategies of forex trading.
you write you experience in forex trading in 8 year
so why you question about strategies forex trading another person
i think if your strategy can get constant profit, you can share your strategies
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