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pepy
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Posts
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Everything posted by pepy
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Stop Loss hunting is a good issue to discuss and think many brokers out there apply this way to their clients, mostly or almost all of them are dealing desk broker who want to see their clients loss more than earn more because they are in the position against their clients itself.
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A so so living or decent living? If you want to make a decent living in forex well you need big amount of money as your capital it would help you a lot, but if that is just another so so earning then you must have small amount of capital, that would possible to make you taste small profit only.
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Should Forex Brokers Accept Bitcoin or other cryptocurrency?
pepy replied to bloger90's topic in Forex Newbies
Accepting bitcoin will only make forex has more diversification rather than major or minor currency that mainly traded in foreign exchange market. Cryptocurrency also could open a new way for people who already involved inside of it to make profit from each of their trading. -
Forex for sure will affect our daily lives, it is proven since we also treat forex as our daily job where we must make profit for ourselves. Trading in evening or trading in early dawn is one of the most prominent example of how forex could affect your personal life and one of the most important part is your way to think of money is greatly change.
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Demo account has limits but not like what you think, i mean its limit still exist but with its virtuallity, trading will be more like limitless in fact if you run out of your capital there your account will reach margin call and broker must close your account even though your account is demo account and not real account.
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True, i agree that we are some kind of part forex ecosystem no matter how small we are trading as long as we don't trade in dealing desk broker, if we trade in non dealing broker we connected to liquidity provider which become the global market of foreign exchange itself.
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Risk management is needed and i am sure all of them know about that thing, what i want to emphasize here is that it is a common thing yet many of them don't know how to apply it. Of course it is a common sense that with a good risk management someone can lowering the risk and it is good for our long term as trader.
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LOL it is not just something that happen in real account, in demo account the same thing happen. we don't know if right now the best price but i think you can use your experience to feel which is the best price to open or maybe use some analytical way like seeing the trend by use the data you get from outsiders? In the end robot also analyze the market use their own method, and decide by itself when to open or close the position.
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I use it as my second approach of risk management. Usually around 15-20 pips and it is really helpful especially if you want to grab optimized profit, in this case someone already reached the height but suddenly the price turned back on him and thanks to trailing stop they still get some nice profit. I've been on that place for few months before.
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GJ's price now overbought according to stoch, but EMA25 and EMA 100 crossover still showing bullish singla and so do MACD(12,26,9) also the previous hours chart showing a reversal trend from bearish to bullish without any sign to stop. With this condition i predict the price may rise up to 179.35.
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H1 chart. EJ doesn't make much movement since the opening, only recently show a signal to fall . MACD and Stoch is showing bearish movement with Stochastic already overbought and maybe bring more strong sentiment for this pair to fall deeper, also MA25 has been broken by this pair indicated that sooner there will be a strong movement.
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On H1 Stochastic detected to move near overbought area but still showing a good bullish trend, the correction may happen but it will only make the price fall a bit before rise once again. MACD and Bollinger confirmed also the trend is bullish and the price which failed to break MA25. Next target maybe at 0.72872
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On H1 chart, NZDUSD based on stochastic already showing indication of overbought, but the other indicators like MA10 and MA25 still support bullish and also MACD combined with Bollinger Band. So based on that, it seems the price may corrected first before rise but overall for today or at least up to NY session, the trend is overall bullish and may target up to level 0.69100.
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Well i cannot say much about this one. It is pretty good at the first glance but to be honest this program won't survive long. At most only one month, not to mention it has SSL and DDoS protection too but lack of support from HYIP monitors. At the moment it is paying but with few payment proofs scattered around internet.
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Well, from some posts here we already know that forex is not easy just by look at their posts they feel that forex doesn't have anything like holy grail strategy or something that make trader easily make money here. In fact it is very hard or we must struggle in order to survive.
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Payza is a good payment processor, as you can see in past and actually still good. I don't use it because of its policy that doesn't accept investment like HYIP or at least PTC site. Payza if want to rob some shares on online payment processor should give advantage, firs like lowering transfer rate, but glad to see that Payza gain much interest in Bangladesh and few Asian countries.
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You think the other platform does not offer for us to use expert advisor? No, they offer one way for us to trade and to be honest some of their language could be very stable and it is powerful enough at least to make our expert advisor to work more flexibly. Metatrader on te top because it is an early adopter and broker-agnostic.
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Well but you can see the similiarity inside of it even actually it never be the same. 100% risk of loss in gambling? Well i cannot say that but gambling is just around 50% while forex it is various from 50% up to 99% depend on the way you manage the risk and how much you believe with LUCK.
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I am not really addicted to forex but sometimes i feel that i must revenge my trading i must recover as fast as possible, i must make more profit as fast as possible. Well this is maybe an early indicator for someone who get addicted but it would be good if you could share how to solve this kind of issue so we could feel helpful with your thread.
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You do scalping with one position? That is such a miracle if you can keep your tab for one month just from one position per day for example? According to me around 10 positions like what myregister did actually a good amount just imagine you just got half profit, it still a nice income.
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Nothing new about PM if you want to say, it is just like this payment processor reap profit for each transaction and keep stable like that, the last information i get about them is bad news that they are actually from Russia, i mean the admin and has been involved in some illegal activity but i can't confirm it yet, since my account still fine.
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So why don't we hope that we can understand the market, rather than push ourselves to trade but we cannot even keep up with the trend and always so it is better if we trying to understand the market iself. In fact we are the part of forex market ecosystem too, that will affect if the price is moving up or down.
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It is always be mandatory, address verification is good so somebody doesn't take his/her own account easily. We created an account for the sake of earn not for the sake of terrorism or any evil act. If you do things right i think there is nothing wrong with provide some essential informations.
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It seems our rules is a bit same i also don't want to spend 5% more than that but usually my risk ratio at 3-4% not even reached 5%. I also wondering that people who put 10% of their capital in the line? Is this some kind of joke that people do that? This rules could be followed, but if you want to add then that is good too, in the end making our personal trading rules is a must, and to keep following it.
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Mentoring is not only necessary but actually very important, what you should know that it is not limited to someone teach you something and then you are trying to learn from it but it is more like you also can learn from yourselves, you learn by yourselves using data which you get from internet