Recent content by Mifar

Even though I've been trading news on optimum for quite a long time, I haven't noticed any significant widening of spreads. They are expanding for about 2 points of course, but it's not really crucial for me.

I always use stop losses and target prices while trading as I think they are the most amazing precautionary tools for staying away from huge losses. It is mandatory for the newbies to utilize them properly as the margin of mistake is quite high in the beginning of career. Am I right?

Mike is my mentor for teaching me about the basics and technical aspects of trading. He once advised me not to think at any stage that I know all about the forex market. I took this advise deeply and now after three years I still feel as a learner. Thanks!

I think you need to use the targetted price (tp) while trading on the money markets. It gives you an ease to spend some time for other purposes as you cannot watch the market all the time. So, all the beginners are advised to use the target price. Thank you so much!

I think most of the traders lose their money due to their wrong approach, hurried behavior, and impatient nature. So, you need to work hard on these aspects in order to improve your trading skills and abilities. I think you will agree with me in this regard!

Well, just take it easy. You switched from the cent account only recently, step by step and you will reach the vip account. Of course, unless you make some stupid mistake. It's quite possible to make money of forex optimum if you don't act silly. On the standard account, you can actually use the...

I want to say in this regard that you have to give some margin to the uncertainity of the market. You can never predict 100% accurately even you are experienced one. So, always work on a money management plan for dealing with these conditions. Thanks!

I think it depends on your devotion level that how much time you can afford to give to the learning sources. It is also dependent on the approach with which you tackle the market. A longterm trader always learn quickly due to his mentality. Thank you!

You have to keep an eye on the employment rate, taxation, interest rates, federal meetings, official visits, deals, import and export, general sales, and political stability news of both European countries and United states of America. Stay profitable!

Liquidity must be treated properly. Many people think that high liquidity is a great thing for taking quick profits. But, in reality high liquidity is the most devastating thing for us, and for huge investors as well. Always get out from the market in these situations. Thanks!

A bad broker is the one that doesn't make funds withdrawals and messes with rates and profitability. Everything's fine with this here. If I could, l'd subscribe to cashback. But there's no such thing on a standard account. You have to deposit $100,000 in order to have cashback. I can't do that...

There is no surprise in this. We all know that every currency faces some fall in their life. I hope no one has lost much money through this process. My advise for young trraders is that don't trade when your not sure about any currency. Don't rush things.

Professional traders have some great habits which make them strong. A professional trader is a person with the calm nature and stiff mentality. He knows the market like his own family members in order to tackle with it according to its behavior. Do you know the market in thia manner?

No, it's not by chance. It's always done quickly. I'll share my opinion on spreads. They're floating, but narrow. The orders are made quickly as well. If you are patient and invest with no rush, you can get profit.

That's really interesting. I need to make a quiz like this for my children; I think they'll like it. I had no idea that they might be related.