Forex Optimum - review

[rikki]

Yes, one must perfect themselves always. I think for me at this point it's best to leave everything as it is and not experiment on a real account, but only try using a demo account.

 

[Biggi]

Of course demo is best at first. Everything should be tried out on the demo and only when it starts working, move on to a real account.

 

[Rjon111]

And when you move to real account, make sure it is a micro account or similar. Trading with 0.01 lot is a good way to start

 

[Derry]

A cent account will also do for testing out trading with a different trading strategy.

 

[rikki]

When I had just begun forex, and was learning on a demo account, after that I immediately opened a real account. My broker didn't have cent. But it's actually very convenient when there is that option. Forex optimum didn't forget about those who are learning to trade and gave them that opportunity.

 

[lenon]

But one can't make much on a cent account. It should be a quick transition to a real account.

 

[Biggi]

Why are you saying one can't make money on a cent account? I've got cent and standard. I trade on standard with proven instruments with a proven trading strategy, and on the cent I tend to test and experiment more. Sometimes withdraw more profit from the cent than from real.

 

[rikki]

Not a bad result for tests. Actually, one can make good money on a cent account. Just increase the volume, that's all.

 

[Biggi]

You can make money, but I wouldn't recommend you stop at that for a long time, because there are some limitations, for example there are fewer instruments other than on a standard account.

 

[rikki]

You've got to admit, that the limitations mentioned above are not even limitations. Just more of the same good conditions.

 

[Derry]

I'd say after all that the conditions are practically just as good, there are some limitaitions, that means not quite as good as the dollar account. But afterall for 95% of traders that limitation doesn't show in any way, since they don't use these instruments in trade.

 

[renez]

It doesn't matter to me which type of account to work on, most importantly execution should be good and profit should flow. Recently I closed a deal which I ??? with the help of trailing stop. Trall worked as needed!

 

[lenon]

Yes, trall is a good function of this broker, but you need to know how to use it. if you set it incorrectly then you might close the order prematurely which could still remain useful.

 

[renez]

Any function of the terminal that you use you need to know how to use. Otherwise you can get an undesirable result.

 

[Derry]

Not always. When I just began studying trailing, I had no idea how take profit and stoploss worked. But nonetheless, in the trading strategy it said to set the stop on a certain level and that's what I did. Later I studies the information on how the thing works)

 

[renez]

With the help of an experienced person you can of course try anything. If someone is teaching you how to trade, don't be afraid to ask what exactly you're doing and for what.

 

[renez]

With the help of an experienced person you can of course try anything. If someone is teaching you how to trade, don't be afraid to ask what exactly you're doing and for what.

 

[Derry]

That's all in the past. But I liked working with stops so much that I decided to use it and I rarely install stops on deals. Stops have never yet let me down, they always work.

 

[lenon]

Yes, a stop is a good way to fixate the desirable profit level and set the drawdown level which you're ready to go for. Usually I set the stops as a lifesaver and close the orders by hand, but the last of the orders closed with takeprofit specifically.

 

[Banni]

Stop only works in those cases when it's correctly set. If you set it incorrectly, you'll only get harm from it. But this topic has been discussed many times.