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pepy
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Everything posted by pepy
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Forex in some cases change the way i sleep, i usually sleep at 9PM-11PM, but right now in certain days i sleep at 1AM-2AM, thanks to some news like CPI or Consumer Confidence. But in major thing i don't see much chance my life but maybe i can allocate my money better than before.
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If you only know when to trade and how to trade, if not it would be an overleveraging and it wouldn't be so good news for you. I also think that lower leverage bad for newcomers but that is actually reflect the real trading than using higher leverage, even so newcomers is limited in terms of knowledge, skill and capital that is why they need high leverage.
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Yen is still a safe haven currency thanks to its price which is quite high compared to the other currency, and also the economy of Japan which even stagnate to certain extent but showing a good prospect if Japanese want to change the direction, and its goverment also stable enough to make Yen safe haven.
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Well the other advice that i could give to a really newcomers is think about your capital invest in big amount at least 3 digits. Also make sure spend at much 3% of your total capital. It is really easy to know just do math with your total equity and then take 3% from it and make it as your SL point or your lowest point you could handle.
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What do you consider the best type of education for a trader?
pepy replied to uncle gober's topic in Forex General Discussion
You mean as direct learning is learn from someone offline? Well that is good too at least you can consult directly if something happen with your account and they can give a direct command that might help you. Online lesson also helpful but it still limited by internet availability and its bandwith especially in 3rd world countries. -
FX would be a popular business up to now thanks to its profitability, even it is profitable but still it is a high risk.It offers high profitability yet also at the same time provide us with higher risk to bear. Even like that people's desire to make profit is bigger than their readiness to face huge loss.
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But people want to follow copy trading because they think this is one of the easy way to earn money while doing nothing all you do just copy someone's strategy and it will automatically works for you. And for someone who get copied will get comission for each people in real account who copy their strategy. It is a win win solution.
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The marketplace of forex is decentralized so it is not like stock where the market is centralized into one place. Insted in forex there are more than one center this is why you will find a broker that has different even slightly price on their chart, but this could lead to a competitive cost.
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It is a common sense you willing to risk and get higher as the risk getting high too. So far training is the only solution so we can understand forex more and gain experience in this field, also it will lowering the risk which forex has since we already know how to manage the risk.
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That is somewhat true and i agree with it, first and the most important is actually know the reason of our loss and how to fix it, also never let your emotion overcome your trading and think clearly. One of the most suitable strategy for many traders actually fundamental analysis because i do believe and many others i presume that news that has around 90% chance to rally price.
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Dear Admin and Mods Please check as below is my 34th Request Payment Displayed Username : sidejob Amount To Request (DMT points): 1260 PM ID : U4228403 I hope to my posts will be approved soon Thanks & best regard sidejob
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Morning star followed by falling wedge proven to be an essential part of bullish trend for Silver, on H1 chart we can see there is big chance for silver to rise at least for around 100 pips. The next target which i predicted to be a destination of Silver is resistance level at 14.626
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Should I put a lot of indicators on my trading chart?
pepy replied to flybiz08's topic in Forex Newbies
This against our common sense. Well as long as you put the right amount of indicators on your trading charts everything won't going wrong. As far as i know around 3-5 charts should be good but it is better to choose not just one type of indicators, it is better to have more than one type. -
Correction and it seems the price do that because technically it is oversold at least by Stochastic. Technically the weakening of GJ still able to continue to 179.15, but if the price could rise to 180.89 and the bullish potency still open wide, but if not as usual it will fall further.
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As the new year closing, AUDUSD price is starting to move flat. Based on H1 chart,we can see there is slope at MA100 and also candle which still moving inside of the bar. The price seems moving sideways up until this year without any significant movement since there is no any fundamental that may help the price to volatile more.
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Analysis based on H1 chart, well it seems rebound happened for this pair after failed to closed itself below 131.55 but all indicators tell that the signal is bearih now so there is a potential that price will try to test support once again combined with overcross of Stochastic.
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NZDUSD moved slightly to the higher price and this bullish movement seems will continue for this pair even the movement wouldn't be so big. This morning on Tokyo Session the price is continuing its bullish sentiment and i predict it would go to 0.68517 which is resistance level.
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Once again USDCAD failed to pass resistance level at 1.39962 on H1 chart and there is big possibility the price of this pair still trying to make a reversal. But it is best to keep ware that if the price break resistance level, there is a chance for strong bullish trend.
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USDCHF still hold its position above support level at 0.99142 and MA100, not much movement happened yesterday. Bearish still open for this pair if MA100 line successfuly broken, but if MA21 passed by the price, the bullish potency would rise and it could drive the price higher.
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It is not always the case, there is a time where long term trading will only bring demise to trader. Long term trading also actually not really suitable if a trader doesn't have any knowledge and experience about it. The profit would be so big since long term depend on high number of pips than scalping or intraday trading.
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CNBC or the other forex stations are one of the best platform news for a lot of traders. It is fast and well updated also it will take you more time to stay update if only depend on the news site such as dailyfx. For fundamental traders, they will prefer a cable TV like that since aside from that fast update they will get a in-depth analysis.
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Forex for me is a good job and good business but we must know that the risk of doing something like this won't be so good for many traders around the world, i mean most of them want to enter forex because they just want to make profit but cannot even bear the risk? Is that freaking normal? Nope, it is not and they should be stop before it's too late.
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Everything needs what we called as motivation, it is our main reason for stay in this kind of business. It is very hard business not everyone could survive but why we want to invest here? That is because we have motivation to make money through this one and not just small amount of money but big sum of cash buddy and of course economy freedom.
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I think that robot trading would give us a relax trading while manual trading won't give that kind of trading, it is not a good idea to combine both of them. And what i want to emphasize here that it is actually the same thing that we pursue, it is profit for sure. As long as it is profitable, manual or robot are not a big matter.
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This is normal that when you have control over your trading, but the problem is when you don't have any control for 100%. Remember, 100% in this case FX robot you still have control to set its risk management so it will close the position based on the risk management you put on your robot, while it performs automatically like when to open position based on robot itself not you.