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pepy

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Everything posted by pepy

  1. pepy
    I don't know how good the effect but in demo account the money is not the problem and when i learn about forex i use 10 times more capital than what my current real account could afford. The effect is just slightly difference from what i feel when i trade in demo account.
  2. pepy
    Even world class trader have never experienced losses? This is something new to me. As far as i know world class trader experienced losses, this is normal since they are also a human which could make an error. Everyone cannot earn profit in forex because yes you simply cannot earn that much.
  3. pepy
    Demo account is important as the promotion tools for broker. it could become persuasive tool for broker when they want to ask a new clients to join into their services. Without demo account they will think twice before join a broker and may ended up lose their intention to join the broker.
  4. pepy
    That is the problem with use automatic system such as forex robot and if you want to use the system for 24 hours. If you use the robot just for few hours, you can use your PC, and just start the robot for around one hours before you want to start to trade. Most automatic traders prefer VPS.
  5. pepy
    Trading is a little bit of art. Some people will use more of their logical side from their feeling but the creativity to analyze the market also present. Forex could be art depend on the eyes of beholder, but when creativity involved it is surely become its own arts when something new created like a new technical indicator or so on.
  6. pepy
    I think it is better not to rush especially if we are ready enough with all the preparation we made. The trend surely change as the time ticks and find the right momentum could bring difference to the market, what i want to say here it is all about the momentum, especially if you are some kind of shor term trader such as scalpers.
  7. pepy
    That is why forex is a risky business because it has unforgiving side like this either you make a profit or you make a loss. But you can lower such nature with having a good risk management. Since forex is risky business we need to consider to apply the risk management in order to survive and to prevent any margin call scenario.
  8. pepy
    When talking about scalpers they must have full control of their own trading, since it is just matters of seconds or few minutes. So that is crucial for traders with manual control to take over the control of their trading in this case something bad happens they can easily close the position they opened.
  9. pepy
    If you made profit then you will be happy if you don't you won't be happy. Simple, forex actually affects if we really into it just like what i did right now. It affects me a lot. Not to mention that there are a lot of traders also that affected their sleeping rhythm because the different time between session and their current GMT
  10. pepy
    Even if you have a lot of time you can use robot, but make sure the robot is doing pretty much well. Manual trading is good for knowledge and practice purpose. Automatic trading advantage is about its automation and sometimes its accuracy but manual trading gives us advantage to trade like what we wish.
  11. pepy
    Stock has leverage but not as much as foreign exchange. This is why foreign exchange is more lucrative in the eyes of many traders and it is easier to join this business. Stock i see have more stability compared to forex which i think is more dynamic compared to smaller centralized stock market.
  12. pepy
    Yes the effect of bonus it too big for traders with small capital especially with the big bonus. In my own opinion, investment without bonus is too low if your investment is pretty much low like less than $1000. But if more than that the effect of bonus to your account would be gradually lower than before.
  13. pepy
    I agree with you now, this is why we must be careful with that fake reviews and we must have some set of rules to know that. I think bucket shop broker is that kind of broker, they love if their trade have problems with their trading and stop loss hunting is the best feature which they have to stop traders making profit.
  14. pepy
    It is no easy to trade without loss and you need bigger amount of capital to make this dream comes true. Based on my own opinion, forex trading without loss practically is not really usable for new traders, they must experience conventional trading to operate well and to be a better trader in future, since experience is a good teacher.
  15. pepy
    Yes learning is a must this is why we should take the first step into insert some basic forex knowledge as the foundation, this is including how to manage the risk or money. By having a good risk management/ money management i am sure for 100% you can sustain your account, maybe not as successful as those big players but you sure will able to survive in this unforgiving business.
  16. pepy
    That is just as my second "life guard". For example if i obtain 40 pips but my target 60 pips which means the position still floating, if the price went against the trend, then with 20 pips trailing stops, the system will automatically close the position later on 20 pips when it touch the position.
  17. pepy
    Well that is because their expectations which don't meet with the reality on the market. It is harsh to say but that kind of person usually just send their money flying off to the market, their money like animal sacrifice for nothing but adds the value of the market. Unrealistic expecation in the end is not a healthy habit.
  18. pepy
    First i think that SL is really wasting my time but as the days goes on this feature is one of the most desirable and very helpful, all this automation makes me able to focus on analysis. Stop Loss also works so well, it is faster way faster rather than my own hand in 90% cases, i just get few negative slippage because of this.
  19. pepy
    Converter as far as i know doesn't work for 100%, there will be bug or one or two indicators which output is not satisfying. The best way to make MT4 indicators to work as good as Mt5 is by doing it from scratch or through binary compatible coding. Overall i think that forex meta trader is easy to use which become its main point.
  20. pepy
    The main thing in this case is because they lack basic knowledge or they are too hasty to do the analysis. Since the very first time, most of us lose because of our capability to deal with market. We don't know what to do and tend to make wild assumption which lead to bigger losses overall/
  21. pepy
    I agree with you we are not central banks which up to now still don't have any signal to make profit. We are speculators, traders, or someone who want to make profit. We are just small fry but trying to make money in this big ocean. The focus should be both risk management and an accurate analysis for better prediction.
  22. pepy
    Not required but still a good idea for traders who want to learn about economic and foreign exchange at the same time, basically fx is the part of economy especially the global economy as whole. Offering it in universities won't beneficial to some but to the others it is truly beneficial especially if able to package it properly
  23. pepy
    In the end positive slippage is the winner here, people will love to make profit rather than to suffer more losses. In my own opinion positive slippage is more desirable since it means more profit for traders but it is not that easy to get positive slippage rather than to get negative slippage.
  24. pepy
    Mainly because of the habit, but i see the biggest reason is because FIFO with MT5, if only FIFO doesn't exist for MT5, people would be so much gladly to use Metatrader 5 without any doubt. As for Robot conversion that is just matter of time and MT5 will do it well. Overall MT5 has the same features like MT4.
  25. pepy
    Yes a proper risk management means lower risk and it is good for us in long term. If we are calming down ourselves we can see forex in different light, well not so forgiving business but overall it won't be like gambling and also we can utilize this business to its core and give us a residual income.
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