Don't be dependent upon bonus accounts.

Dear readers,

This is the most important thing that I wanted to tell you that don't be dependent upon bonus for posting campaign from any broker, because this is limited time offer they do, another reason that a trader shouldn't be dependent upon bonus accounts is that it is under discretion of a broker to cancel the campaign at any time without telling any reason, this sounds too much bitter, but it is true.

The dependency upon bonus accounts also make a trader a Gambler, because he knows that he will not lose anything, it is harmful for those who wants to make this their career, they need to understand that they will have to take the responsibility that they shouldn't gamble with the money, they shouldn't take higher risk, if they do, then this will be harmful for their career. 

Most of the people think that no deposit bonus is useless due to their certain conditions that brokers imposed upon withdrawal, it is a bit true,  but remember, a good trader always get fully equipped with all the market conditions and he face the situations bravely, he is a quick decision maker and put right steps on right time.

Another thing, there are so many complications while you are withdrawing your profits through bonus accounts, some brokers put this condition that your profits shouldn't not exceed to the bonus amount, or certain percentages they limit, so in that situation what will you do? But with your own invested money, you will be able to withdraw as much as you can. I hope you all now understand that bonus accounts are just for learning and making some money, they will not fulfill your dreams.

If you are a bonus trader? then read this.

Yes, if you are a bonus trader then you should read this post, because it is very much necessary for you to read this, most of the bonus traders do not know what to do next, they just think about today, they don't think about tomorrow, and when the bonus sponsor cancel the campaign then they start crying what had happened with them, this article is for those people who are interested in bonus trading but they don't have destination.

Now, come directly to the point, if you are a bonus trader then you should understand several things.

1. The bonus trading is not available all the time, there is a danger of bonus cancellation at anytime from the sponsor, and this is the right that you know.

2. They have rights to cancel the bonus and you can not sue them because you are far away from them and when you open an account for the sake of bonus then you should sign a contract before you signup in which you do agree that they have rights to cancel the bonus and profits over the bonus.

3. Now imagine, if they cancel the bonus and you don't have bonus to trade or capital to trade then what will you do man? of course you will try to search someone else to give you free money to trade with, but what will happen next? will you trust upon every trader? No.

4. There are certain conditions that a trader need to fulfill. Without meeting those requirements, if you try to withdraw then you will not receive a single penny, so if someone is giving you free money then he definitely will try to secure his money first, right? if he put some conditions, then you will find yourself in trouble while trading, because the winning ratio should be 80% in bonus accounts. Otherwise you will waste your time and energies. :)

But if you invest your own money then you will get the bonus upon deposit and some brokers allow bonuses to withdraw on certain conditions, but they are not as much hard as no deposit bonuses and forum bonuses. The thing that you need to do is just trade and complete the lots that are required.

I want to tell you all that if you are trading with bonus accounts then remember, don't try to gamble with bonus amount, if you do that then the broker will disable your account upon gambling and you will not get anything, else than anger and frustration. :) So, if you want to get something from forex market and want to make forex market as your career, then be patient, don't do hurry, just do small trades, gather profits, and then withdraw them in your e-currency processor wallet.

After you gather some good income from your bonus accounts then don't rely on bonus accounts, just keep doing whatever you are doing in the bonus accounts, but also open another account under any person or rebate company affiliation. Do your trading as you did in bonus account, don't increase the lot size, don't increase the timing to trade, just relax and keep doing your practice, I hope you will enjoy your trading and become a consistent profit maker, I hope you will find this post helpful for you, I will wait for your replies.

How we can earn through hedging?

Hedging is a technique that only a few traders know (in my view), actually most of the people doesn't know how to hedge and what actually hedge strategy is? 

I tell you that what is hedging, mostly people think that locking position is called hedging, it is true, but how much kind of hedging are? is only locking position enough to define hedging? Do you know that how big traders hedge and make money? let me explain it in simple words.

If someone has a big capital, for example 10k, (10,000$) and he is trading with 1$ then he will open two trades with any kind of pair he choose, let suppose he is trading with Eur/usd and the price is 1.27000, then he will open two trades, one is buy and other is sell, now market moves on 1.28000, then he will close the trade of buy at 1.28000 and see the possibilities of market whether it will rise more or not, then he will again open two trades of buy and sell, if the market moves 1.29000 then he will close the buy trade again and see whether the market is moving back or not. He will keep doing this until the market reach to 1.34000 to 1.37000, he will book the profits and keep the sell trades open, it may take one month or two, but if we see in longer spectrum then we will analyze that how much market may move, and if the market is bullish then we can use double lot. like if the market is on 1.30000 and there is a chance that market may move up again then we will open one sell trade with 1$ sell and a trade with 3$ buy. It will make the trades equal. 

We need to know that if the market is going up then it will fall down definitely once, and that fall will give us good profits, that most of the hedge traders do, they have a lot of patience, they don't do short term trades to book some profits. they do longer term, as I have mentioned above. If we see the Eur/usd pair from the last six months then this pair has been depreciate from 1.37000 to 1.29000 right now, so we can understand that how much profits a long term trader would make if he open two trades of falling market? but remember this strategy need a big capital, not a small capital.

What strategy work most? Can you tell me?

The question is very simple and most of the new traders always ask this kind of questions that what strategy work most and they want to know about that, I want to tell all the traders that there are several strategies available on internet but only a few are useful according to mind and mood of the traders, there are so many complex strategies, so a trader need to find out the easiest strategy that he can understand and practice accordingly. 

I love two kind of strategies that I mostly use in my tradings, one is the most common strategy that is just draw the lines on support and resistance and then start playing game, buy on support before break out and sell on resistance before break out, and if the market do break out then don't do trades and wait for the market to come back or move forward. 

Another strategy is to trade with pin bars and trend lines, when a pin bar formed then I start seeing the shadows of candles, and when I switch to higher time frames then I see that these time frames have a lot of pin bars, so I see the market movement, whether it is up to down or down to up, if it is up to down then I use high swing to low swing, and if the market is down to up then I usually use low swing to high, by using this pin bars and trend line, I see that market mostly doesn't break the trend lines and moves according to trend lines. 

These are only two strategies that I have discussed, but there are so many other strategies that I use time by time where they are needed, actually if these strategies are in your mind then you will be able to analyze the market better than any other normal trader. You will find out several opportunities of earning from forex market, and not only forex market, you can use them in metal and share markets too.

Take inspiration of the traders who made million of dollars

Dear Readers,

I want to tell you one the most important thing that every person do and it is important for those who are good learner, and that thing is taking inspiration, if a trader take inspiration with successful traders then he will get motivated, and if a trader is motivated then he will learn from heart and soul, and if he is learning from heart and soul then he will be able to make money time by time, and one day he will be able to make consistent profits and come into the queue of successful traders.

Look, this is not a one day game or two days. It need a lot of time, every successful trader spent a lot of time in learning and analyzing the market, I will not take your too much time, I will just tell you that how people make profits on consistent basis and how can you get inspiration. The most common thing that every trader wants to know is how to make big money within shortest time period, this is wrong perception, because there isn't any way to make big money within shortest time period, but there are several live statements of trader made big amount of money, as we can also see in demo contests. That's true but they made that much money because they have a lot of experience, years of experience. I have seen a live statement of a Malaysian guy, who made million of dollar within 18 days, I got inspired, but he was trading perfectly and he shared his trading strategies too.

I will say that he is the lucky one who made million of dollars and then survived, he didn't greed too much and controlled his emotion and then made million of dollar, but if you are interested in it, then do your search and analysis first, spend your time in observation of market and then see that how much you can make, don't see big, start from small and then grow up, I hope you all will understand what am I trying to say. If you have any kind of question then ask here. I will be very happy to answer you all.