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pepy
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Everything posted by pepy
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When choose between forex and stock someone need to think carefully about what they will get from this business . In the simple terms, one can make fortune in forex or stock but in the other hand cannot make much fortune in the other businesses. Stock has its own advantages while forex has some disadvantage, so what i want to emphasize here that fx and stock is actually the same high risk business, so it is up to you once again to choose which one that more suitable for you.
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As long as there is a chance people would gladly to do that, as we can see forex that we know is totally different than forex which we see in history. Before, it takes few call to get one pair done but right now with few clicks and only in matter of seconds we can earn money, some traders even can reach more thousand dollars in few seconds.
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Well to be honest your leverage i mean the one you choose for your activity is too high, i do wonder what kind of broker which allow its client to use that high leverage. The highest i've seen so far and still safe is 1:500 but that is only few traders who choose that and usually they have big capital in their account. To me 1:1000 is way too high or overleveraging.
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First of all i want to say that constant profit is possible but only for quite long time, it is not last long. Even like that consistent profit is possible and as the proof many big banks already did it and guess what they can earn a lot with that and still be able to sustain up to now.
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Should Forex Brokers Accept Bitcoin or other cryptocurrency?
pepy replied to bloger90's topic in Forex Newbies
Bitcoin is actually not so big deal for forex, people can use it if they want but its volatility which make people think twice and also if they can deal with it then people can start to use it in forex. It is all actually the matter of will but as commodity i must say btc already more than enough and people can start to treat it as gold if they want. -
I've been wondering for quite long time why metatrader is one of the most popular trading platform compared to the other and what i find out is metatrader has nice feature and for the very first reason is easy to use, it is user friendly which doesn't like the other platform which consist of so many buttons that make us confuse what to do with that.
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It has been talked many times before and i think we all know it is news that influences the fx prices, because news is fundamental part of one country economy, if based on forecast and previous result that one country's inflation is higher usually or in 98% cases People will start to buy one currency and will drive the price to higher level.
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But for someone who doesn't have any plan to be Introducing Broker it still good enough for them, remember rebates means profit before even you start to open a position. It would be good if the spread is lower compared to your rebates because profit at the very early trading, you can actually take this chance to make more profit if you can, and this is why rebates is popular.
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Fx robots still work and will always be work, well not everytime it will supply your withe fresh bucks, but let me remind you that there are also error time for this one, i just learned some robots that could bring profit and it works but not everyone want to spend their time if they loss big enough so that is why most professional give quite small sum of their money into robot.
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Platform Malfunctions:- A Trader's Worst Nightmare
pepy replied to mortijoon's topic in Forex Articles
But remember not all of those updates would bring good change to your platfrom there are few updates which cause the platform doesn't work at its optimal condition. But yes, the worst is always the malfunction, i experienced this once and it is not a very pleasant story to tell where i lose quite huge amount of money. -
By common logic for sure, a trader will risk small amount of bucks but that is not the case. Many scalpers want to risk more in order to get small fast profit, mostly scalpers has around TP:SL ration at 1:2 or at least 1:1.5. If they want to gain 10 pips means they must risk around 15 or 20 pips. If SL is too low it would be hit easier so that is why they extend it.
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Yes, mental exercise only exist in real account where your mental and not just your skill will be tested there, some people even argue that if you use real account to practice, then your progress would be so much faster compared to the other traders and you can hit 2 birds with one stone
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LOL short and clear, right? Well, basically not just scalping but also other trading techniques, as long as one can apply other technique or strategy well then that technique will be a technique which more profitable for the person. As long as someone want to make it true then that is not a big issue.
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Why did you have to do that? You don't have to constraint yourself to see that review. You need just to use your own logic. Not all reviews are good but some of them still worthed to take a note and depend on the words that they use you can see which review that has nice value and which one isn't.
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0.01 is equal to 1000 lot which means $1000, that is already too high for small traders who invest with hundred of dollars. If you have million dollars 0.01 is the best for you not 0.1 or even 1. But thanks to leverage, we can do more with leverage at least 1:100 we need less than $1000 to afford 0.01 lot.
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I think we already compiled a lot of advice for newbie here from never giving up or controlling emotions up to how to do better analysis with either technical or fundamental analysis. I can say that all depend on newbies, their strategy and others are based on their behaviour when trade, so i think keep trading and learn is the best advice for them.
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I don't know if that is also for broker's safety, but my perspective still see this should be mandatory especially for someone who are serious, but remember you are about to handling your privacy or some of your privacy to 3rd party. The best solution for this privacy thingy is by invest in reputable or AAA brokers. They are very good at handle someone's privacy data, including this address or phone number.
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But that is our reason right? Profit is the main motivation that driven a lot of people to plunge into foreign exchange. Fx is high risk, so do Stock, or Commodity Futures. Well the other jobs also has risk but that is lower and people stick with that high risk because of the chance of getting more money there, remember the flexible time table you get with FX, you are the boss you are the one to choose when and where you trade.
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@gaban: I think the thread is specifically talk about is forex for me? Well forex is for you or not depend on you, depend on your strategy and your skill and the most important one is your determination. Many traders may have potential but don't have determination and just with few losses already said it is their end.
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@myregister: What kind of strategy you mean? Maybe you can send the link to my PM later, i will send you the request but above that all maybe that kind of strategy you talk about is exist, but it would require enermous capital or maybe an extraordinary or the earning won't be so much flexible isn't it?.
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As far as i know only 2 are the best ECN brokers, well i never invest there but the demo account which offered by those two brokers are good enough. Those two are InteractiveBrokers and Dukascopy, not just because they are quite popular but also reliable and use their own platform not by use Metatrader so they can access the deeper market.
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Well signal provider and software has their own logic even not all can provide better logic for you but still it has its own logic. You will be able to trade using that logic if you want. Scalper's logic would be so much different than Swinger's logic isn't it? Scalper will think why you should hold position for long time, while swinger would think that why should hold position in relatively shorter time?. In the end the signal is the same like that.
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It is easy to certain times but not forever. I am trying to trade carefully start from now on. Also to be honest earning in forex requires a lot of attention from traders. One trader may get profit for now but who knows tomorrow? It is also not easy thing to do for forex trader. So basically it is not really easy, you can say it is in medium difficulty level unless you don't know what you are doing or still inexperienced.
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Now be successful without even trading!
pepy replied to Bonnie Berry's topic in Forex General Discussion
Yes, it is a pamm what do you expect? Something which is more and more better than PAMM without need to lift your finger?. I think pamm is the best place for a person who has an interest in forex but do not want or do not have the ability to trade. If they invest and all funds are managed by a manager who is reliable, then the ROI is also not small. -
All agree with that concentration surely important for traders not just for their short term interest but also for their own long term interest. Nevertheless not all traders can concentrate very well like others, especially for some traders who seem to only want to pursue as much profit without emphasized the quality of such trading.