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fxfarmerashik

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About fxfarmerashik

  • Rank
    New Money Maker
  • Birthday 11/20/1988

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  • Skype
    ashik...93

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  • Location
    Port Vila

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  • Interests
    Forex Trading, Technical Analysis, Market Observe, Day Trading

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  1. According to my perspective, I think choosing a good broker to assess our own needs. Here are several questions you have to consider: Are you going to day trade a large amount or a small? Trade very small moves, or capture bigger moves? If your day trades a lot and captures small moves, consider an ECN broker. You'll pay a commission on trades but the spreads are much tighter, which matters when trading small moves. Search only for "ECN Forex Brokers." Remember one thing, broker won't works better if you don't have enough trading knowldge. So learn first or follow others guide
  2. There are a few things you have to check if you're still a rookie trader: Security: The first and foremost characteristic that a good broker must have is a high level of security. So check it first. Transaction Costs: No matter what kind of currency trader you are, like it or not, you will always be subject to transaction costs. ... Deposit and Withdrawal: Good forex brokers will allow you to deposit funds and withdraw your earnings hassle-free.. ... Here I mentioned only three signs of choosing a trusted broker but one thing you have to think, good broker won't work un
  3. What do you think that forex is hard to trade? No, it is not at all. Because traders are making mistakes that's why the ratio is still high. The average mistakes are: MISTAKE 1: DO NOT STOP TRADE WHILE LOSING EVERMORE MISTAKE 2: DO NOT USE "STOP-LOSS" WHEN MAKING TRADE MISTAKE 3: RISKING HUGE MONEY FOR A SINGLE TRADE MISTAKE 4: CHOOSING THE WRONG BROKER MISTAKE 5: POOR TRADING PLAN MISTAKE 6: EXPECTATION BEYOND IMAGINATION MISTAKE 7: DO NOT FOCUS MULTIPLE TIMEFRAMES MISTAKE 8: DO NOT FOLLOW THE TREND MISTAKE 9: INTENDING ON MONEY MISTAKE 10: BOOK IS KING OF IDEOLOG
  4. One of the hidden truths behind profitable trading is to focus more to avoid losses than making profits. Not only at the beginning but you also have to always focus on avoiding unnecessary risks and losses. And, take my words this should be your main objective in order to build a successful trading career. Question: How the hell do I even do that? Answer: Stop-Loss orders are the smart solution that will be able to diminish your troubles. Besides, Stop-loss is used by numerous traders all across the globe. It prevents you from making haste decisions. And the next BEST thing? You
  5. In most novice cases I found that traders do not know that, "Is he trading or gambling? Between trading and gambling, there are huge changes. In this article, we will know a brief description about it. What is a Trader? A trader is an individual who engages in the buying and selling of financial assets in any financial market, either for himself or on behalf of another person or institution. The main difference between a trader and an investor is the duration for which the person holds the asset. Investors tend to have a longer-term time horizon, while traders tend to hold assets for
  6. Since fundamental analysis is about looking at the intrinsic value of an investment, its application in forex entails looking at the economic conditions that affect the valuation of a nation's currency. Here we look at some of the major fundamental factors that play a role in a currency's movement. Economic Indicators Economic indicators are reports released by the government or a private organization that details a country's economic performance. Economic reports are the means by which a country's economic health is directly measured, but remember that many factors and policies will aff
  7. Hi everyone, A trading plan is definitely Inevitable. If you want to do better in trading and make some sweet profit, you must make a trading plan first. In this thread, we will discuss about it. Trading without a plan is like looking for a treasure without a map. You will make a lot of loops before succeeding, you will make the same mistakes over and over again. A trading plan provides you with clear steps and actions to implement. Reduces improvisation and stress since you will know exactly what to do for every scenario. Let’s follow the four essential parts of a successful tr
  8. Forex trading has always been a challenge to many. However, this year appears to be tougher as even this is affected by the pandemic. Add the fact the United States recently elected a new president. These factors play very important roles when it comes to trading in general. Last week, the news made everybody optimistic about the vaccine that could stop the pandemic. Because of vaccine optimism, the currency market started to liven up once again. However, it appears to be short-lived as a few countries have reported more virus cases. For just a few days, the positive movement of
  9. Researchers have thoroughly analyzed the myriads of trading platforms. The ones on our list are picked for their overall quality, which is a level above what you’d find with the competition. Before we dive into detailed examinations, I want to explain my selection criteria. This section will help you choose the best Forex trading platform for yourself. Reliability Foreign currency trading is fast-paced, so you need a reliable platform. You don’t want it crashing or freezing when you’re about to make a move. This is especially important for those who wish to make frequent high
  10. The wide world of trading has helped many people buck the trend of their 9-5 job, or at least helped them discover new ways to earn money. Finding a new source of income is important for building an independent life that can help you retire early, send your kids to college, live comfortably, or just give you some peace of mind in the bank. Forex trading is one of these potential income sources that may interest you if you are looking for ways to earn more money and learn new skills. First things first though are that you need a refresher on some of the terms and phrases tha
  11. Owing to modern advancements, the world has seen quite a lot of financial developments. One such development, Forex and CFD trading has become quite popular amongst traders due to various factors such as ease and availability. However, if you’e interested in investing in Forex, it becomes essential that you choose the proper Forex and CFD broker. So, to assist you, this CFD trading guide will help you choose the one that is the best and most reliable for you. 1. The Regulations Must Be Proper The very first and the most important thing to consider before choosing a trading br
  12. When I was 16 I decided I wanted to be a millionaire. I wasn't from a wealthy family, and I witnessed how my parents, especially my dad, struggled and worked hard to make ends meet. I knew I didn't want to walk down that road, so from this point on I continually studied and sought ways to make money. It eventually became clear to me that I had three primary means to get rich: own a business, invest, or combine the two. I discovered that I liked the idea of using money to make more money, and soon got fixated on investing. This was how I got introduced to Forex trading. Unsu
  13. After a harsh week in which the EUR/USD was exposed to downward momentum, pushing it towards the 1.1688 support, and with the start of this week’s trading, the pair tried to rebound higher with gains to 1.1793 before settling around the 1.1775 level at the time of writing. However, TopAsiaFX has stated that attempts to rebound lacked strong momentum to stabilize above the 1.1800 resistance, and the efforts of the Euro are hindered by concerns about the strength of the second wave of the Corona pandemic and the measures of European countries to contain the outbreak of the deadly disease.
  14. We have all had to re-invent our approach to business in the wake of the crisis created by the Covid-19 pandemic. But we have learned during the pandemic that crisis is not all-together bad. Crisis helps us think deeper, stretch our imagination, restructure our organizations, and discern the real needs of our business. But how do we, as business owners, crisis-proof our business? We may not be able to stop the crisis from coming, but our business can cope with it better when that crisis does arrive. Risk and crisis management are consistent features of Forex and currency trading. Her
  15. Foreign exchange brokers offer traders leverage on their accounts that allows them to enter into larger trades at no additional cost. A $10,000 size account with 50 times leverage implies a trader has access to $500,000 in buying power to do what they wish. It is best to read and understand a leverage guide to understand the pros and cons of trading with someone else’s capital. But it might be a necessary evil as the forex market is void of gigantic daily moves that are common in the stock market. Ironically, the foreign exchange market is the largest and most liquid market in the wo
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