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pepy

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Everything posted by pepy

  1. Hard but not impossible, it is totally possible as long as that person have knowledge and experience to do that. You can see there are few claims or some people you know trade using multiple account with them, well some of them still work with it and reap more profit while the others leave it because it is not effective for them. In the end i think it is advisable as long as you are good with it.
  2. The problem located at making daily profit everyday. Does anyone do that, i mean making profit everyday without lose a single time? $1000 per week or $1000 per month maybe is a possible thing to do but $1000 daily? According to me there's something wrong in here. It is freaking impossible to create daily profit plus it is in thousand dollars.
  3. Basically Forex is a business that deserves to be calculated considering forex is also one of the businesses that drive the global economy, although basically every trader here trying to make a profit by means of speculation at a certain currency such as EURUSD or GBPUSD which may play the price.
  4. As we already know before trend is a close friend of traders, but there is a certain time that trend will fool us all since trend usually created by huge amount of money that spend by big institution or big players in foreign exchange market, but it won't last long because as fundamental shows good sign it would be follow the real trend sooner or later.
  5. This is truly make sense, I think it is better for a trader to focusing more and find brokers who are already recognized by its quality and another one that a trader should note that there's no perfect broker, you will definitely get on the web a sort of complaints or errors of that broker but that is still normal as long as the list isn't so big compared to its praise or good testimony.
  6. As scalpers of course it is really possible considering that many traders already did it. One thing that we should note about this fast profit is risk also exist. You don't coming up and just earn a few, some scalpers put unbalanced SL/TP ratio like for example 10 pips vs 5 pips. This is not healthy anymore also you must do more than one trading in relatively shorter time, imagine 10 consecutive profit in 10 minutes?
  7. That is such a propagand and someone shouldn't buy those propagandas. It is quite unreasonable considering forex is one of the businesses where the risk is very on notice.In the other hand someone need to be careful than trying to think becoming rich. This kind of myth makes many newcomers want to make more money here without even knowing the risk itself.
  8. It is a common sense that USD will be the default since USD is the only global currency that dominate the world. The rise of other currency such as Yuan or other rising country's currency won't affect USD in foreseeable future, thus make it dominant in broker not to mention it still the majority in World Bank basket which make it more confident to use in many brokers.
  9. Well, first of all the best broker will be depend on its eye of beholder not just beauty. I mean depend on your success, usually some people said that broker which they use are scam in fact they are the one who cannot make profit. In the end, mostly what people said as best FX broker usually have this kind of trait, regulated by a strict regulator, has real office and doesn't located at AAA countries, only accept a reliable payment processor and not just cheap or unregulated electronic currency.
  10. It is hard to find the right costumers for them, the uniqueness is not belong to solidtrustpay i think it is just like another payment processor, you won't find much thing about them anymore. The high fees and also strict rules is an old thing for STP. They must revolutionarize their service at all cost.
  11. I want to emphasize here that Okpay isn't really good but actualy it isn't really bad. If we are trying to look at its record we can see that Okpay actually has chance, especially since the demise of Liberty Reserve and based on that they also still try to provide more "easy" way for their clients to withdraw or deposit their money.
  12. So the notion of Russian electronic currency will be faded as it try to expand further into europe and maybe into africa or south america. I find this is good for them, not to mention that webmoney also considered to be a good alternative and in my country its rate is quite high compared to the other electronic currency.
  13. If we want to say it to be honest neteller is the one of the other payment processor that i can see in near future if they really want could compete with paypal in the global scene, the rest is Alipay. But i think Neteller has been there for long time and it is more global than those Alipay even maybe its uses not as much as Alipay.
  14. With its current state of course skrill would expand since it is a common sense and that they will do 2 things, first strengthening their services in UK and whole Europe and the second is focusing to expand at the other part of the world maybe Asia or Africa or South America.
  15. Secret? Do you think something like this is exist in forex? Only discipline and risk management that helps us and these are not so secret things. To be successful you don't need any secret, but people tend to overlook this cases and thinking something secret or big easy ways to earn money through forex, but in fact it is simple only it takes longer time for us to master it but it still various to each person.
  16. Skill and mental, i mean look people have potential but their mental is not strong enough and they decide to quit forex, i see my friend whose making nice income but later thinking forex is unstable(he lost around $2000 later after made around $1000 in relatively shorter time) and quit from it. This is why i think we should have good mentals, a champion mental that will never say quit.
  17. Reality is not same as fiction or what people tell to us, well some people told the truth but there are many of them who told lies, if you met someone who told you that forex is an easy business, you get money in shorter time, you will be rich just in few weeks or months, then that is scam. In reality forex is harsh, doesn't have mercy, and high risk with its high margin.
  18. Yes it surely harmful and as you know people despise greediness that lead them to bigger loss or continous loss. This is not a good idea to trying control something as harmful as greed, just like what i said it will lead to you loss and it is just like playing with fire and i don't recommend it especially to those newbies.
  19. that is true, the temptation is bigger than other kind of business but people usually don't count the risk, they only think about profit and profit while abandon this counting. It would be wise for a trader to see if their skill is good enough for treat forex as main job, since we know main job need stable amount of money that flow into our bank account LOL
  20. Talking aboout Metatrader, as we know metatrader divide by 2 version right now first is defacto platform for a lot of brokers around the world MT4. The second one is Mt5 newborn(not really new) but still take slow adoption to many brokers especially since MQL4 has been upgraded to do object oriented programming.
  21. Retail traders combined should have bigger chance to make the price move buddy, look at how many people decide to sell and buy at the same time and see the price is moving. This is what make forex currency pair's dynamic more than ever also it is good for someone who want volatility since people want to make profit in forex from its difference isn't it?
  22. News affect people's psychology to trigger to choose between short or long a currency pair. This is acceptable for me, as we can see many trader's psychology affected by high impact news and in relatively shorter time the price may turn its table. So i can say News -> Trader's psychology -> Trader's action -> Price movement.
  23. Overall forex cost isn't as big as the other business since it use internet and also with margin we can trade less and earn more only if we can manage the risk well. Loss of money is another cost but i assure you as long as you want to learn that cost would benefit you greatly and will build your knowledge stronger.
  24. That is what i want to talk about, we are human has limits and so do our psychology limits, if we bear the risk and able to endure it after few days or few months or few years, it will increase itself and allow us to trade with bigger limits, with that trading is easier for us.
  25. Sometimes fear could be justified but it musn't. I know at the right time fear could help us to avoid more risk, but a trader who already know the risk of forex shouldn't be afraid so much and it would be fool to against the market thinking that we aren't fear about what happen later. It is a foolishness to me not brave or want to proof that you don't fear anything in forex.
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