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H1 chart. AUDUSD was able to rebound yesterday, but it seems it is corrected. Today's movement seems will have the same chance to rise and fall with NFP this evening as its own reason. The resistance level located at 0.74062 and support level located at 0.72742 but Stochastic also showing a chance to fall and corrected so be careful

On H1 chart, the price of NZDUSD successfully rebound after failed to break support at 0.66321 and continuing the bullish trend. Today, be careful with NFP price especially during this night, but technically NZDUSD still has chance to strengthening at the higher price before NFP news.

The thing to note is what effect that will arise when someone start to make forex as the main job? whether a trader will focus everything into it or they can devote time to other business? Also how much capital you have, how big your earn or how much loss you suffer so far? If most your answer is good or positive then taking a step to be a full time trader is open.

@uncle gober: But that is not for everyone because there are some people who able to do that by committed enough while the others cannot even reach the same state or even suffer minor failures even though they committed enough to obtain bigger profit. Well, i think overall that is true forex is open for everyone but not for anyone just like myregister said above.

I couldn't agree more with it as some broker even offer minimum deposit for below 100USD so novice traders won't hurt much when use this much. Not to mention there are other aspect such as your skills, strategies and risk management that helpful to decide how much money.

Technical analysis also worthed just look at so many trends which proven based on technical analysis because there is pattern in the market however, it is very complex the situation is dynamic, and might be work for a while, as for fundamental strategy that will ever work because it is the clear or raw strength of one country's economy.

Why i prefer forex because that is the most profitable business, just confess alone that forex is the riskiest business plus and the most profitable when compared with eg Stock where we can only trade in a span of 8 hours which limited our chance to make profit, while the forex can be 24 hours.

Easy to say @myregister, that illegal source is well hidden from the eye of public or even government, one thing that i see as good thing here that these gangster actually want to earn money from "white" way compared to "bad" way that is why they are trying to clean it in forex.

@gaban: That is true, some even struggle to make profit not as easy as the others who earn billion, so maybe fore as money factory has some grains of truth. And @myregister you don't have to put factory based on my knowledge will give you constant and the same result, to some people it is truth but while the others their income is too low.

All thanks to internet which make forex accessible for 24 hours during business days, as long as the liquidity provider still open you can access it and make money from it. Thanks to that also the cost for trading become smaller as the days goes on which prove that turning forex into online business is an effective method.

Well let me clarify this first before continue my post, Isn't this is obvious for us all? I mean we are buying one currency and the sell the other currency, all this called exchange. Technically we are not buy or sell but exchange one currency to the other currency, we trade what previous is just another commodity.

Scalping will always be limited in a broker that doesn't have good regulation and also which doesn't have good infrastructure to provide a chance for scalpers to scalp anywhere and anytime they want. Also scalping i think is overestimated, usually scalpers did scalp when the spread is low or when the market isn't very volatile.

Real fact for sure, since people will be affected news a lot and that is trustable in most cases. Some said 90% movement or so because of forex result news, especially to those HIGH impact news. With gain better understanding, forex news would be so important.

Compounding doesn't always come with good thing as i said before compounding will make us more ambitious with forget to withdraw our own money that we get from our hardwork as forex trader. But i think novice trader should think first whether they must compound or simply withdraw the funds.

As worthy as stop loss, take profit also will be able to optimized trader's trading. With this optimization trader won't have to think twice when trade and the good thing is that you don't have to keep monitoring your account over and over again. It is just simply open and place TP.

FXCM accept bank wire and that is more convenient, also i usually withdraw quite small sum of my profit and get it from bank that i am using in relatively faster time, .but fees is a bit high according to me. Also if you want less fees maybe you can try using cc or debit card. One thing you forget that FXCM also regulated by such CFTC and FCA.

Handling greed is a bad idea, the best way is leave greed. That's what you should, controllable greed? Like what? Playing with fire? Greed is a harmful emotions from trader, we can see through many testify of all traders, greediness could lead to margin call and not just in fx, but in throughout human's history greed would bring demise.

@myregister: So it doesn't matter if forex a pure gambling where you against the host? In gambling there is host (usually happening in casino)that we are trying to beat or the other betters who betting at the same time. Also there is sports betting where you of course trying to bet for team that you favour or you think may win. But as gambling in general terms is the wagering of money or something of material value on an event with an uncertain outcome with the primary intent of winning additional money and/or material goods. So forex could be included even your life could be included with that terms.

That is why i often said if you don't have much time to watch your trading for 24/5 please use SL. One of the most useful tools aside from take profit but let me remind you, activate this early on in a reputable and trustable broker. There are some brokers who love to do SL hunting as you activate your SL and it is not easy to work with this kind of broker.

LOL, i agree with a connotation that we should invest our time here, i mean as newbie time is the only thing you have, well you may have some capital in your account but not as much as the other traders who already spend their time a lot in forex. With investing our time carefully, we are able to see the increment of our experience as well as our knowledge.

Since it is easier but the next problem is that long term strategy you had gives you much earning or you can predict the trend easily? Of course not always like that. Long term position also the same, since i see short term trading tend to end trading in relatively shorter time, this is why many novice traders love it.

That won't give much effect to a trader who already had clue about what is forex and how it will works in fact a trader with that kind of thinking usually tend to lose more or even never have any experience with forex and only hear this issue about forex from someone who isn't earn well from forex.

And this is why we must be be careful with this all, since with that escalation could drop us to hell earlier, do you know what its mean as flash trading. That is one of the worst error in automated trading that resulted to a trader has big loss, even Wall Street dropped so much in just a short time.

I see that robots are getting better, with good math and algorithm you can create a robot that gives you much return, but remember that expansion or at least update is needed, at least once in a week for functional bug and around twice in a month for security update. While Human based trading is the most usable because of its flexibility.

Even i said before i prefer full lot size but it doesn't mean use full lot size every time i want to trade, unless that is below my risk management for example my capital is around 1 million and using full lot size is not a big problem and which means that as long as i can keep my loss under control i will be always prefer full lot size.