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Topic: For the benefit of trader (Read 3187 times)

sr. member
Activity: 1862
Merit: 295
GOD is TRUE
January 17, 2017, 04:09:22 PM
#67
Because the real currency is important, the state also control it in order to remain stable. A different case with altcoin/BTC. Characteristic of this coin is a private/group. Do you feel movement of trade in altcoin faster than forex? I feel for this reason people dare to buy and sell without thinking long term. So many dead coins fall to the sea floor very quickly.
legendary
Activity: 1120
Merit: 1000
January 17, 2017, 03:12:26 PM
#66
It is right, trading has benefits, but only for those people, who have a knowledge and experience of trading. Because when i started than i didn't know very well about it, so it couldn't give me a chance to make money, but after 1 year, i know, how to trade. Well, main thing is that you should have patience and consecrate your trading, and daily check it our, which coin you have bought.   
if you do no know about trading or you do not have proper knowledge about trading then it is too much risky if you are putting big money in trading, you need to get some experience and knowledge about trading and only then you should put big money in trading.
legendary
Activity: 1386
Merit: 1058
January 16, 2017, 02:43:13 PM
#65
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.

I heard several times about in trading Forex, but I always ignored it every time my friend mentioned it to me. Because For what I'm doing before is I'm doing trade in the bitcoin trading. And for me, trading in Forex has a big difference because it is already a currency by each country worldwide compare in bitcoin world. Though, sometimes I've been thinking that by doing it of how to play in Forex and Bitcoin it just came at the same thing.
If you ask me, I like to suggest to stick within bitcoin trading as touching Forex trading might lead to take more risks compared to what you are doing with bitcoin trading. If you are willing to do high risky trading, then Forex trading could be your next stage in trading career.

Both reward and rick are huge in forex trading, still I personally prefer staying with low risk trading yet steady profits providing.
hero member
Activity: 1092
Merit: 501
January 16, 2017, 02:40:22 AM
#64
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.

I heard several times about in trading Forex, but I always ignored it every time my friend mentioned it to me. Because For what I'm doing before is I'm doing trade in the bitcoin trading. And for me, trading in Forex has a big difference because it is already a currency by each country worldwide compare in bitcoin world. Though, sometimes I've been thinking that by doing it of how to play in Forex and Bitcoin it just came at the same thing.
hero member
Activity: 532
Merit: 500
January 14, 2017, 03:27:17 PM
#63
It is right, trading has benefits, but only for those people, who have a knowledge and experience of trading. Because when i started than i didn't know very well about it, so it couldn't give me a chance to make money, but after 1 year, i know, how to trade. Well, main thing is that you should have patience and consecrate your trading, and daily check it our, which coin you have bought.   
yes that is right to say that knowledge about trading is too much important, there is too much risk in gambling if you have no knowledge about trading. therefore if you are going to investing your money in alt coin or some where else first you need to get some good knowledge about it.
yes trading also need good experience, skill and good knowledge about trading, if you have no experience in trading then it can be too much risky to invest your money here. but if you have good experience in trading then you can secure good profit in gambling.
MMA
legendary
Activity: 1134
Merit: 1000
January 13, 2017, 06:04:08 PM
#62
It is right, trading has benefits, but only for those people, who have a knowledge and experience of trading. Because when i started than i didn't know very well about it, so it couldn't give me a chance to make money, but after 1 year, i know, how to trade. Well, main thing is that you should have patience and consecrate your trading, and daily check it our, which coin you have bought.  
yes that is right to say that knowledge about trading is too much important, there is too much risk in trading if you have no knowledge about trading. therefore if you are going to investing your money in alt coin or some where else first you need to get some good knowledge about it.
hero member
Activity: 812
Merit: 500
January 13, 2017, 12:29:15 AM
#61
It is right, trading has benefits, but only for those people, who have a knowledge and experience of trading. Because when i started than i didn't know very well about it, so it couldn't give me a chance to make money, but after 1 year, i know, how to trade. Well, main thing is that you should have patience and consecrate your trading, and daily check it our, which coin you have bought.   
hero member
Activity: 686
Merit: 500
fb.com/Bitky.shop | Bitcoin Merch!Premium Quality!
December 26, 2016, 04:44:22 PM
#60
I think knowledge and experience is the most important thing in trading, you also need to control your emotion in trading, think clearly before making any decision, and money management is one of the important things to prevent you from bankrupt in trading, for me Forex trading a bit more difficult to predict because in Forex within a small rumour it can change the price significantly and too many aspect that can change the price
Actually there are a lot of suggestions and guidelines are available for making better benefits from trading for all the traders and unfortunately being a trader I am unable to follow them properly to have a better stay in my trading.

This maybe I am little nervous while I am trading. Maybe after gaining some experience I could manage it to follow those guidelines to have fruitful trading.

Why you should be scared or nervous trading friends ..? , if you do not see or want a good profit or gain amazing experience ..? . OK, I see that the things that make you nervous in trading is losing, and losing is the main factor a person has a sense of nervous, if that's true then I expect that you start thinking about all the advantages you can get and also you should learn from all experiences all the people doing the trading, because that way then you can calmly to make something better

Hesitation or nervous is the one thing which affect our decision, it's dangerous I think. And my advice is trading first in demo account platform, there are available for forex and bitcoin/altcoin, for try improvement our experience, trading for me is not a play a game with just used your intuition with. It's a dignified profession.
hero member
Activity: 798
Merit: 505
December 26, 2016, 06:54:16 AM
#59
I think knowledge and experience is the most important thing in trading, you also need to control your emotion in trading, think clearly before making any decision, and money management is one of the important things to prevent you from bankrupt in trading, for me Forex trading a bit more difficult to predict because in Forex within a small rumour it can change the price significantly and too many aspect that can change the price
Actually there are a lot of suggestions and guidelines are available for making better benefits from trading for all the traders and unfortunately being a trader I am unable to follow them properly to have a better stay in my trading.

This maybe I am little nervous while I am trading. Maybe after gaining some experience I could manage it to follow those guidelines to have fruitful trading.
Well experience is the best to learn in trading so better to start in small amount before you can go in large trading..
Before i was just the same thoughts before that honestly i am afraid to be lose because i do not know how to trade.. so first i tried to scale up a small amount if i lose well it is not meaning that i will stop instead i try and try until i am making  good method to earn more in trading..

That is a good strategy to start in trading. Experience in trading is good so if you are just newbie dont invest big right away learn first , learn the things about it, gain experience from your small amount of money before investing big. At first you need to invest small amount so that you will know how to trade. Just a small amount then after you know you can invest bigger
hero member
Activity: 1680
Merit: 535
Bitcoin- in bullish time
December 26, 2016, 06:36:21 AM
#58
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.
Yes, money management is the key when you want to succeed in any kind of job, business or even career. If you master that kind of stuff then congrats because your future is clear and you don't need to worry about having financial problems since you already know how to manage your money. In terms of strategies in forex trading or any kind of trading, It also includes money management because when i earn profit i save the minor percentage of it for my future needs or wants. I also do short term and long term trading at the same time. On short term trading that is where i trade altcoins and long term trading is that where i trade bitcoins.
hero member
Activity: 826
Merit: 501
December 26, 2016, 04:59:21 AM
#57
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.
Mine is to Observed first the coin if it is a legit or a shit coin after that I will invest some of my funds to that coin, I don't all in because that is too risky I preferred to invest in many coins because that gave me a lot of profit, So i will suggest Invest for a coin that you can afford to loosed.
hero member
Activity: 700
Merit: 500
Massive price drop coming...
December 25, 2016, 07:46:27 PM
#56
I think knowledge and experience is the most important thing in trading, you also need to control your emotion in trading, think clearly before making any decision, and money management is one of the important things to prevent you from bankrupt in trading, for me Forex trading a bit more difficult to predict because in Forex within a small rumour it can change the price significantly and too many aspect that can change the price
Actually there are a lot of suggestions and guidelines are available for making better benefits from trading for all the traders and unfortunately being a trader I am unable to follow them properly to have a better stay in my trading.

This maybe I am little nervous while I am trading. Maybe after gaining some experience I could manage it to follow those guidelines to have fruitful trading.
Well experience is the best to learn in trading so better to start in small amount before you can go in large trading..
Before i was just the same thoughts before that honestly i am afraid to be lose because i do not know how to trade.. so first i tried to scale up a small amount if i lose well it is not meaning that i will stop instead i try and try until i am making  good method to earn more in trading..
sr. member
Activity: 434
Merit: 250
December 25, 2016, 07:22:30 PM
#55
 think the main thing is not to take too much leverage...play for the sum of money amount of which you do not experience, and the main thing is peace of mind
hero member
Activity: 714
Merit: 500
December 25, 2016, 06:59:29 PM
#54
I think knowledge and experience is the most important thing in trading, you also need to control your emotion in trading, think clearly before making any decision, and money management is one of the important things to prevent you from bankrupt in trading, for me Forex trading a bit more difficult to predict because in Forex within a small rumour it can change the price significantly and too many aspect that can change the price
Actually there are a lot of suggestions and guidelines are available for making better benefits from trading for all the traders and unfortunately being a trader I am unable to follow them properly to have a better stay in my trading.

This maybe I am little nervous while I am trading. Maybe after gaining some experience I could manage it to follow those guidelines to have fruitful trading.

Why you should be scared or nervous trading friends ..? , if you do not see or want a good profit or gain amazing experience ..? . OK, I see that the things that make you nervous in trading is losing, and losing is the main factor a person has a sense of nervous, if that's true then I expect that you start thinking about all the advantages you can get and also you should learn from all experiences all the people doing the trading, because that way then you can calmly to make something better
legendary
Activity: 1288
Merit: 1036
December 25, 2016, 05:24:45 PM
#53
I think knowledge and experience is the most important thing in trading, you also need to control your emotion in trading, think clearly before making any decision, and money management is one of the important things to prevent you from bankrupt in trading, for me Forex trading a bit more difficult to predict because in Forex within a small rumour it can change the price significantly and too many aspect that can change the price
Actually there are a lot of suggestions and guidelines are available for making better benefits from trading for all the traders and unfortunately being a trader I am unable to follow them properly to have a better stay in my trading.

This maybe I am little nervous while I am trading. Maybe after gaining some experience I could manage it to follow those guidelines to have fruitful trading.
legendary
Activity: 1666
Merit: 1001
December 24, 2016, 10:53:22 AM
#52
I think knowledge and experience is the most important thing in trading, you also need to control your emotion in trading, think clearly before making any decision, and money management is one of the important things to prevent you from bankrupt in trading, for me Forex trading a bit more difficult to predict because in Forex within a small rumour it can change the price significantly and too many aspect that can change the price
hero member
Activity: 1372
Merit: 503
December 23, 2016, 12:28:03 PM
#51
Money management surely is important in trading, in trading you need to have a good way to manage your money especially in forex where the trade amount is big, with money management you may prevent further lost, but sometimes money management that prevent you for taking extra profit, so you need to be wise in trading
Managing money is very important when you are in trading you need to manage your coin carefully to not lose any piece of your altcoins becase every piece of this is money i don't trade huge amount of my coin in trading site i always invest at ico where i can get some extra profit and good come back.
sr. member
Activity: 924
Merit: 260
December 23, 2016, 12:03:00 PM
#50
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.

That's absolutely correct and I'd like to chip this in,  money management doesn’t just involve risking an appropriate amount on everytrade. It also involves managing a winning trade from start to finish. This is an important part of any good trading methodology th at is often overlooked by beginning and expert traders alike.
Money management strategy is the foundation of successful trading. I find out that a wining trading can turn to losing trade if a trader has a bad money management habit. Trading, good if you are, a winner and bad if you are, a loser not for a single trade but cumulated trades.
legendary
Activity: 1596
Merit: 1011
December 23, 2016, 11:34:24 AM
#49
Money management surely is important in trading, in trading you need to have a good way to manage your money especially in forex where the trade amount is big, with money management you may prevent further lost, but sometimes money management that prevent you for taking extra profit, so you need to be wise in trading
I agree with you . money management is the most important thing in trading. because when we can manage the money so we can adjust expenses and revenues every day. if we can not do financial management then we will lose.
hero member
Activity: 840
Merit: 501
December 23, 2016, 10:58:35 AM
#48
Money management surely is important in trading, in trading you need to have a good way to manage your money especially in forex where the trade amount is big, with money management you may prevent further lost, but sometimes money management that prevent you for taking extra profit, so you need to be wise in trading
hero member
Activity: 2786
Merit: 902
yesssir! 🫡
December 22, 2016, 09:02:53 AM
#47
Yes. I agree with you that money management is a basic skill that a trader must have because it is also a risk

management for us to maximize our profits and prevent large loses.

Haven't tried forex tarding but a well thought-out-plan plan works for every kind of trading. For this you need to

record and organize all the data that you have so you will have something to base your plan.
hero member
Activity: 756
Merit: 500
December 22, 2016, 08:43:45 AM
#46
i think money management is a must that every trader should do because without we learn about money management, we can not make a profit and we only confusing about the trading itself. money management means a lot and this is not just about how much we want to buy the coins, how we want to sell the coins, its more than that so we should at least know how to do money management.
Yes its always how you control your money the more you know where to place certain amount of you investment the more you can control profits and loses this is very important tradings is a number games so the more we know how to balance the better we manage everything.
legendary
Activity: 3234
Merit: 1029
Leading Crypto Sports Betting & Casino Platform
December 22, 2016, 08:36:37 AM
#45
This guy called the latest price with 100% accuracy.I now follow him for the best trading ideas and its free or can donate by the looks of it.





https://coins.newbium.com/post/5779-bitcoins-latest-move




This was enough for make me feeling stressed, dude. I may think if the december 2014 was coming in. But it seems like the bitcoin was raising with a lot of the stability and can keep his price with stronger.
There is a surprise in early 2017, and I believe it. Bitcoin will be repeating the previous history soon. Grin

That guy can be a professional trader. I watch it , dude.
legendary
Activity: 1386
Merit: 1020
DGbet.fun - Crypto Sportsbook
December 22, 2016, 08:33:58 AM
#44
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.
Firstly I Always Suggest that if anyone want to succeed in trading then he/she Needs to Know about the Risks and Profit Factors involved in trading to Stop Loss and Turn their Trading into Profit. I Always Use to Know about a Particular Coin Before Start Doing Trading of that Coin Because It will Help me to know the market cap and Supply Demand Of the Coin.
Technical analysis would really play a major role specially when we are tending to trade a particular coin and as you said we should really know more about a coin before jumping into it on trading.Money management and Emotion would really be needed to control so that we could able to sustain longer on trading.
hero member
Activity: 882
Merit: 500
December 22, 2016, 08:22:19 AM
#43
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.
Firstly I Always Suggest that if anyone want to succeed in trading then he/she Needs to Know about the Risks and Profit Factors involved in trading to Stop Loss and Turn their Trading into Profit. I Always Use to Know about a Particular Coin Before Start Doing Trading of that Coin Because It will Help me to know the market cap and Supply Demand Of the Coin.
hero member
Activity: 2870
Merit: 574
Vave.com - Crypto Casino
December 22, 2016, 08:04:28 AM
#42
i think money management is a must that every trader should do because without we learn about money management, we can not make a profit and we only confusing about the trading itself. money management means a lot and this is not just about how much we want to buy the coins, how we want to sell the coins, its more than that so we should at least know how to do money management.
newbie
Activity: 42
Merit: 0
December 22, 2016, 08:03:45 AM
#41
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.

That's absolutely correct and I'd like to chip this in,  money management doesn’t just involve risking an appropriate amount on everytrade. It also involves managing a winning trade from start to finish. This is an important part of any good trading methodology th at is often overlooked by beginning and expert traders alike.
legendary
Activity: 1512
Merit: 1041
December 08, 2016, 05:05:24 PM
#40
I am also suggesting him to share his experience and knowledge so that many people will get benefits from that for their bitcoin trading.
Do not expect any traders to come and share their experience on trading. Because a trader usually do not have enough leasiure time for spending to teach us. When they are having some very good business to earn big, how we can expect them to teach us by wasting their valuable business time.
legendary
Activity: 1386
Merit: 1058
December 07, 2016, 04:59:32 AM
#39
Money management plays a big role in forex trading. In our surrounding too there are stores that supports forex. What they do is just give suggestions on market movement as well handles our forex account if needed for small charges and help yield a good profit.
But the suggestions from other people will not be as effective as what we are making by ourselves. For my trading in initial days I made subscription from some third party but I was not successful with their tips due to many reasons like delayed calls and some calls end up in hitting stop-losses.

Learning technical analysis must be a first step in trading, if we do that then there is no need of any third party tips.
sr. member
Activity: 574
Merit: 251
December 07, 2016, 04:25:07 AM
#38
Wow, thanks that someone started this thread, I have always wanted to trade forex , commodities  but I had no proper way or knowledge to do it, am impressed, I am now learning.
legendary
Activity: 1638
Merit: 1163
Where is my ring of blades...
December 07, 2016, 03:58:34 AM
#37
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.

my best strategy in forex trading is stay away from it because it is a lot harder than trading altcoins and bitcoin and as someone who still is a beginner and also as someone who has tried both trading forex, stocks and cryptocurencies I have to say trading the first two is the hardest and the profits are so small (percentage wise) and if you want more money you have to invest a lot in them but with bitcoin and altcoins it is easier and also much more profitable (percentage wise) to trade.
hero member
Activity: 2618
Merit: 548
SecureShift.io | Crypto-Exchange
December 07, 2016, 02:27:36 AM
#36
Money management plays a big role in forex trading. In our surrounding too there are stores that supports forex. What they do is just give suggestions on market movement as well handles our forex account if needed for small charges and help yield a good profit.
hero member
Activity: 1008
Merit: 518
Undeads.com - P2E Runner Gamem
December 06, 2016, 11:53:39 PM
#35
my strategy only use timeframe 4
and iam only buy in support price and selling in resistance price
and still not breakout iam use averaging system or martiangle

you can share you stategy and use indicator
legendary
Activity: 1232
Merit: 1029
December 06, 2016, 11:01:06 AM
#34
I like to hear more on your tactics on how securely trading. Please keep on sharing more.
Yes it would be great to have the experience of other traders. Usually traders do not have time to share their experience, strategies and knowledge about the successful trading. Luciky OP comes here with eight years of experience in forex trading.

I am also suggesting him to share his experience and knowledge so that many people will get benefits from that for their bitcoin trading.
hero member
Activity: 2996
Merit: 524
Leading Crypto Sports Betting & Casino Platform
December 06, 2016, 03:40:43 AM
#33
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.
Forex trading and other currency trading involved a lot of risk, and no matter the strategies a trader is used he can not win all his or her trade. Outside money management principle we the trader should also look at our risk reward principle also and with these two principle, with a winning of 60% to 70% you will still be in the green.
Everything in this world that gives you profit is having risk so does with trading. you can't consider the risk as the problem that holds you from trading but preventing it to be happen. and if you're reffering "winning of 60% to 70%" as the same of getting profit in that amount. definitely an absolute winning you got there
sr. member
Activity: 924
Merit: 260
December 06, 2016, 02:51:21 AM
#32
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.
Forex trading and other currency trading involved a lot of risk, and no matter the strategies a trader is used he can not win all his or her trade. Outside money management principle we the trader should also look at our risk reward principle also and with these two principle, with a winning of 60% to 70% you will still be in the green.
legendary
Activity: 1218
Merit: 1000
December 04, 2016, 09:43:43 AM
#31
8 years of doing forex trading is a long time, and I am sure you must have a lot of experience. I'm sure you have already strageti good and definitely have get a lot of profit. Everyone has a strategy in forex trading are different. My strategy in forex trading is that I have to run my trading plan, other than that I have money management. I also always set a limit risk because on forex risk is certainly there.
sr. member
Activity: 924
Merit: 260
November 30, 2016, 04:42:53 AM
#30
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 Smiley
bitcoin or other coin trading are the same and bitcoin exchange is the same as forex trading. I believe bitcoin and usd is the same the only different is the exchange value and regulations. In trading both bitcoin and usd is the same because you make money either the currency is going up or is going down and you only succeed in both assets on your skills and expert.
hero member
Activity: 2870
Merit: 574
Vave.com - Crypto Casino
November 29, 2016, 10:22:20 AM
#29
personally i will stay away from forex because for me, forex is more dangerous depending to trading crypto currency and if i do this, i will quickly get loss all of my money in the market. maybe i don't have the basic of trading, in all type of trading, but so far i only learn trading with crypto currency and btc-fiat. maybe if i think i am good enough in trading crypto currency, then i will trying to start trading forex.

but its a good for me to know that the OP have 8 years experience in forex so we can learn something from him. thank you OP, enjoy your day while you are here.
legendary
Activity: 3052
Merit: 1273
November 28, 2016, 03:34:29 PM
#28
Money management is by far the best thing actually to control self emotions and stop from being an idiot listening to our heart. It helps in listening to what our mind says is correct, in being calculative which is needed to succeed in forex or any other type of trading.
legendary
Activity: 910
Merit: 1000
November 28, 2016, 03:11:11 PM
#27
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.
legendary
Activity: 2646
Merit: 1106
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
November 28, 2016, 03:39:30 AM
#26
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.
sr. member
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November 27, 2016, 02:11:37 PM
#25
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. Smiley 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.

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.
Technical analysis or fundamental analysis are two way or two of the many way of analyzing the forex market. In my view forex trading techniques is more important than market analysis. If you developed your skills in forex trading you will understand that trading forex has techniques and one of those techniques that can help you is money management techniques.
hero member
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November 27, 2016, 01:39:56 PM
#24
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. Smiley 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.

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.
sr. member
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November 27, 2016, 01:17:14 PM
#23
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.
legendary
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November 27, 2016, 12:27:50 PM
#22
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. Smiley Trading forex is not an easy thing as many others said here and only a few does really survive on it.
sr. member
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November 27, 2016, 11:59:30 AM
#21
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.
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MERCATOX
November 27, 2016, 11:28:04 AM
#20
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.
legendary
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November 27, 2016, 04:23:09 AM
#19
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.
legendary
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November 27, 2016, 03:53:42 AM
#18
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 Smiley
legendary
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November 27, 2016, 01:33:51 AM
#17
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.
legendary
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November 27, 2016, 01:25:55 AM
#16
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.
hero member
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November 27, 2016, 01:15:53 AM
#15
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.
hero member
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November 26, 2016, 11:14:13 PM
#14
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 Smiley thanks
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November 26, 2016, 08:29:54 PM
#13
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.
hero member
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November 26, 2016, 04:24:40 PM
#12
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.
legendary
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November 26, 2016, 12:52:14 PM
#11
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.
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Backed.Finance
November 26, 2016, 11:38:12 AM
#10
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
Correct, OP should be the once sharing his strategies because of his vast experience on trading. On the other side, he may be evaluating us on what he knows. For me, he is correct the emotions should be put aside i trading but focused on analysis. Emotions leads to losses sometimes, as too excited lead to carelessness while panick and weak hands leads to sell early or even at losing price.
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November 26, 2016, 11:08:44 AM
#9
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.
hero member
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November 26, 2016, 10:33:35 AM
#8
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
legendary
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November 26, 2016, 07:41:16 AM
#7
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.

Since you have 8 years of experience in forex trading then could you give us some tips or suggestion what are dos and don'ts in trading.

The money management is high priority because our business is all about money and through money so if the management is bad and the profit could be lower or none.
sr. member
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November 26, 2016, 04:35:50 AM
#6
First of all thanks for joining here. It is a great pleasure to have an 8 years experienced Forex trader to guide bitcoin traders. I like to hear more on your tactics on how securely trading. Please keep on sharing more.
my good friend thank you also. I have just opened account and funded it with poloniex, the arms is to follow the same strategies am used in forex. My number one money management strategy is " I will never trade more than 2% of my over all risk Capital".
legendary
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November 26, 2016, 03:07:06 AM
#5
It was becoming the central key in the world of trade.
The money management has had a lot of implementation kind.
Like the general thing in your paragraph, I have used money management for being my strategies and I don't think any other.
You have got your answer on your sentences.
full member
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November 26, 2016, 01:49:01 AM
#4
it a good news for us in this forum which can learn from you which the 8 years experience and maybe we can share more about trading although forex trading and crypto currency has little different but for the basic its the same, using buy and sell and i think the methods can be use for crypto currency.
hero member
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November 25, 2016, 01:57:06 PM
#3
First of all thanks for joining here. It is a great pleasure to have an 8 years experienced Forex trader to guide bitcoin traders. I like to hear more on your tactics on how securely trading. Please keep on sharing more.
hero member
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November 25, 2016, 01:16:14 PM
#2
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.
first i would like to commend you because of that particular input that you mentioned is really how you can control your capital in order for us to be successful inside trading if we can plan properly for sure it will allow us to earn and avoid or lessen our risk to lose of investment, the best way is to keep studying and learning facts regarding to particular trade you wanted to enter and know the type of risk that you can handle in order for you to survive certain downfall.
sr. member
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November 25, 2016, 12:51:03 PM
#1
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.
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