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pepy
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Everything posted by pepy
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GBPYJPY pair on H1 chart still try to break minor support at 182.45 which become resistance now. Technically, this break will be able to toss the price up to 180.89 or even more. The alternative of this break if fail the price will rebound and rise above 183.39
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Dude, can you bring some good discussion or at least up to date issues? I mean that is an old thing, paypal has been switched to some kind of open API. In the end we cannot find anything so new or so innovative or good news about them, well paypal for sure is expand but it seems not like they would make a breakthrough isn't it?
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On H1 chart AU fall back once again and cannot break MA100 line. This condition technically made the price rise further just like before, remembering MA slope seems flat. But, if candle today able to break MA100, there s bearish potential but still we must be careful with Fed rate which will be released and affect the market greatly.
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Today on H1 chart, NZDUSD movement still hampered on the upper level, the correction which happening cannot bring the price down deeper. Technically i can say there is bullish potential for this pair and it is still open widely, but FOMC today will be the thing to decide what will happen with NZDUSD later.
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Nothing special, just forex brokers which hardly have a strict regulator like CFTC or FCA. Okpay considered to be a less strict payment processor since it is an offshore company and this is common secret for all people who searching for the nature of this payment processor. They pay less tax that means their fees also low.
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It is funny when someone think that long term trading is safe or more profitable than scalping. Logically it is very hard to predict the long term of forex. Market could change drastically and we even could lose bigger amount of money. Also we must ready to lose huge money in order to get bigger money.
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Actually in real trading 1 lot size the lowest as for the micro or mini lot usually it will be grouped automatically before your broker send it to the liquidity provider to see if they can get the more competitive price for each micro or mini lot. If you have small capital mini lots for you and full lots if you have bigger capital.
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Scalping on the other hand could be profitable. I see this strategy depend on small profit which easier to reach, once someone reach it then they will close it faster than ever. With this they don't have to hope for the price rise up to the higher place and secure their profit.
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Not everyone trade forex via mobile because of many causes most of them think that mobile phone won't make you able to see charts clearly also it is hard to trade with mobile phone because of many unknown issues, but in fact mobile phone nowadays seems normal for trading, especially for someone who hate to turning off and on computer over and over again.
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- Mobile forex trading
- how to trade forex via mobile
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It is very funny to me that someone must lose, it is undeniable that we will experience something like that but avoid it our main thing in forex. We avoid loss for the sake of profit and if you loss how can you create more and more profits? You don't have to lose but it doesn't mean that you won't ever experience such a bad thing.
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don't mix between emotions and forex trading
pepy replied to rockstar's topic in Forex General Discussion
Even like that the best thing you can do is never mix emotions, controlling has higher chance for you to mix your emotions. This is totally bad for you trading, as i said before never mix it and stay way from your bad emotions such as fear or greed if you can eliminate those things that would be better -
Reality isn't always nice like our imagination, the harsh reality usually made us dumbfounded with our current situation. In this case forex also the same. I saw a lot of traders who imagined that forex is a good and profitable yet easy business to do and they think they can make constant profit but they just start this business for few months. But, in reality it is different mostly of them prefer back to their previous job which is less risky.
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It is equally important gaban but if you already moving to the next part of your career as forex trader real account will be the most important account you should have. Demo account will be less and you will spend more of your time in real account compared in demo account, trying to make money while at the same time gaining precious experience.
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Of course all of them are sure reliable for our own standards. Not to mention it has a lot of good things if you trade in a broker which regulated so well through that strict regulator. One big problem from this broker usually it requires a lot of money to invest and usually they are totally strict even to new traders who don't have much experience in forex.
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$3000 is a good money to invest, forex is a good investment place not to mention its probability of how we could double our money in relatively shorter time. Stock or even Mutual Funds is good but stock risk is as nearly as high as forex, but if you want lower risk then mutual funds is the answer.
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A trader who doesn't want to improve their own skills shouldn't exist in foreign exchange they should going out to the other business which doesn't need much change. Forex need people to adapt faster because of its true nature and we should keep learning always in most of our own time.
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I think scalpers are one of the living proof that quick profits actually achievable in forex but it is various to each person since not all traders able to make more and more profit in relatively shorter time while the others need longer period but trying to make huge sum of profit in one shot.
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This is exactly what i am talking about, pressure isn't exist we just sit and watch and what will be improved? The pressure, the uncertainity, the dynamic movement of forex. All of those things which helping to be a better trader, robot trading could offer this only manual trading could offer it.
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Absolutely, to be able to make a consistent profit a trader should be keep practicing and increase their own experience which means that their skills also better and better. Also i think by keep sticking to the rules that we have, consistent profit would be obtained and it is not just merely imagination or our dream anymore.
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Wow, that sound so bad also to be honest 1:1000 sounds live overleveraging to me and it is not healthy to your account. And based on my observation to your broker it seems they aren't well regulated by those strict regulators. Anyway, Leverage is important part in forex but still it shouldn't be misused since the risk is higher even helping us a lot if we know how to implement it.
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That is why don't depend on foreign exchange robot so much, this also so called expert advisor only for experts or someone who already have much money to spend. The risk of this robot may malfunction is also high since foreign exchange isn't static but more way dynamic than other business in one day everything could change too.
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Of couse this thread is total valid for us, newbie is ideal when they use mini account. Mini account offers reachable lot size like micro lot which actually many newbie can afford because of their small capital. As long as newbie able to manage their risk then they will be able to survive with this account.
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Nice rate, Well it is not as popular as the other platform but to be honest this alternative seems good and it is better for someone who want alternative to those popular platforms. Just say that we managed to sell $17 package, then we will get $12.75 per package. Briliant commision if you ask me and should make more people try to promote this one.
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I do the same because i think the rate per product which has been sold through this affiliate marketing is quite good and also we will help someone to get something that they want by bring the product to them directly. As long as the rate is good i am sure will try hard to work but lately this is quite hard job.
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What influences the price for sure news but technically it is human's psychology that affected it imagine if 4 billion people suddenly decide to sell USD on EURUSD, the price of it will fall deeper and of course will affect the price and other people who doesn't take any decision yet, there are bigger chance they will do the same and that is what influenced the price.