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pepy
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Everything posted by pepy
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Overall people will go for high impact news because as we expected mostly (98%) the result would be rarely bertray you especially if you prefer short term trading that only take few pips. The importance of news will be always big and one of the indicator of every single trader to take an action before trade.
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Money Management in Forex: the Real Deal in Trading
pepy replied to abdulla1's topic in Forex Articles
So, to conclude this all money management is the real deal and the real risk management. Once you fail to manage your money in proper manner you won't even recover your money or the bad part cannot recover your account. This is not good condition for any traders, isn't it? So make sure you have set of rules to help you manage your money, because this is more important that those profitable strategy. -
How the CPI Economic Indicator Impacts Forex Trading
pepy replied to abdulla1's topic in Forex Articles
Of course do you think i don't know about this? We are talking about CPI from those countries which the currency affected global economy. CPI for sure as indicator of the price will give a good impression of investors to buy or if they see CPI of one country is bad they can simply sell and press the currency price of one country to another whole level. -
That is the risk hedge if you use it carefully will bring also more managable position and your risk won't be so much bigger also you can even get more profit that will step by step to reduce the risk you get, but as i said it is risky and you must know the right time to use it and not by instinct alone.
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This program is quite outstanding to me, not to mention it has basic requirements such as SSL and DDoS protection and of course a licensed script. The next part that become a factor of how sustainable this program is interest rate. Admin offers suitable interest rate that may give more lifetime for this program.
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Neteller is the most suitable payment processor if you want to plunge into gambling world or into foreign exchange or to be exact to say that neteller is good for high risk business. It is easy to verified our account here just need one ID card and then your account will be verified.
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If STP want change they should change, i think the current administration and people inside see the current condition of STP is good despite of long term decline but in relatively shorter term STP still reap a lot of profit and get a lot of profit from each transaction with quite high fees included in STP's services.
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I'm also quite shocked about the news that they get license from FCA, this means you can say that webmoney is one of the reputable and quite good alternative payment processor or electronic currency that you can use, with quite low rate i think they will be able to compete with other same services.
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I must admit that this program is really worthy at the first glance. With licensed script already give a good impression of this program. So far this one still new so you won't find a lot of people to invest here and also payment proofs, even like that click rate is quite high and seems profitable but as single clickers i advise to leave this program, you must be like saint to click everyday here.
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According to me trafficwages is quite promising for a PTC site, one problem that i found out in the forum is only few members want to post or make this forum better also there is indication that many members doesn't feel satisfy with this program's performance like Rented Refferal's AVG
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You only tell about the successful fellow how about the one who loss a lot of money who cannot recover at all or a scam GPT admin that run away with their members money some of them even trying to find that admin in offline live. GPT in fact absolutely risky but it seems
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Not overacting because there are a lot of traders that also lose their sanity because of how much money the loss in forex, well this is understandable since most of them who lost their sanity usually use their hot money or even worse take a loan from bank. But 20 traders stil a bit small compared to some traders who loss around 100 or more trades.
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Well may i add it? You need to take a look at payment processor that your broker use, is that a strict and well regulated payment processor, because admin accept third rate payment processor even it is a well regulated broker there are chance it might trying to playing with fire and it isn't good. Regulated payment processor are Skrill or Neteller or Paypal.
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It would be so much stressful remembering that foreing exchange is so harsh and also has high risk that may make us lose our money in relatively faster time or even just in few seconds compared to other offline businesses such as open a shop or become a civil servant where you get decent income from it.
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Forex requires mental capabilities
pepy replied to PROPENSITY100's topic in Forex General Discussion
As long as someone has a good mental capabilities to process emotions well or to fight against loss that might hurt us then that is a good deal for traders, i can see that trader are able to survive with the harsh of foreign exchange and in return may earn a lot of money. So i can say this is a must ability for all traders. -
You can do that there are a lot of traders around the world that have been doing the same thing and keep their account safe without much problem. Controlling like i said in few threads is just like playing with fire, it might hurt you for a long time and you won't even recover.
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Of course you don't have to see the monitor over and over again, this is what makes take profit is just another worthy feature to manage our own money and risk. This important for many kind of traders no matter what is their status, are they pros or newbie all of them need take profit.
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I don't know if you ever feel greed or emotion? That is hard and i can say impossible, we can see throughout history where trader know when to stop and to start is someone who can leave greed. They don't allow emotions of them trying to invade their mind, so they still able to think clearly.
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That learning curve may have been adressed by a lot of programmers out there because this programming language defenitely better rather than MT4 in most cases, not in all for sure but at least you can create a more effective expert advisors that might work more flexible and give us better result.
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That is for technical traders, if you are based on fundamental analysis you will use news, but once again timing is not something that we can achieve just in one day, it requires maybe hundreds trial and errors before we start to know the right time to enter the market.
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Wow, Tweezer Bottom formed and indicated there is an encouragement for buy. Even like that because of the previous movement restrained by MA100 so the price must pass it first before confirmed the next bullish not to mention Stoch already start a new crossover between the price.
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The price just rebound and closed above MA100 once again. So based on my own analysis the price may have new chance to continue its bullish chance. The correction also i believe will happen and will turn into an for trader to buy and drive prices to rise above resistance at 1.08982. Supported by MA100 which has create a crossover with MA20 technically it will rise.
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Oversold zone has been touched by stochastic it indicated the price might try to correct the price or even better will rise Silver price to the higher level. Also the price still above support 13.898 and cannot break it giving more indication technically silver will rise.
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USDCHF keep falling down and its bearish getting stronger as some analyst predicted, even the price are able to touch support level at 0.99142 yesterday. Today the price will move down but that is technically happening as it want to break MA100 down, but NFP will be the one who decide the trend of this pair.
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EURGBP on H1 chart has big potency to be bullish and still able to do so. The price skyrocketing to 0.72245 accompanied by Stochastic which showing the price moving in oversold area for a while before start to rebound, technically after break MA100 this pair may rise further but stil be aware with NFP.