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pepy
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Everything posted by pepy
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Is it possible for me to sell my forex account online
pepy replied to chuna1985's topic in Forex Newbies
@Rizwanramzan : But how you withdraw the profit which you would make later? Can you explain it to me? I mean selling account maybe possible even the chance is slim, but later the problem arise like what i said before if i buy it from you and that account use your data, how can i withdraw my profit? Using your data? Isn't that data theft? -
Yes, we are all learners in sense that we keep learning one or two about foreign exchange. The more we learn the more we will get experience from it which we can use for our future to deal with similiar situation which may happened to us before. Forex full with many surprising thing, so that is why we should keep learning.
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Defenitely real trading. Real trading is the place where everything is real. Market condition, Requote, or even some brokers who love to do SL hunting to its clients. As for demo account many people feel good with it because of its perfect like condition, but real trading will teach you what the real forex market is.
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MM and SL are defenitely connected to each other, bound to each other and traders from everywhere should give attention to this. MM and SL connected because in here you should allocate your money into SL, i mean in sense of prediction. You can predict at worst how much you lose and put in SL with lot size which means you should allocate your money, with good MM you can lower the risk and put the right SL amount.
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The thing that trade want to know is the right time to BUY or SELL, fundamentally a trader should know what they should do after buy or sell, in the end the position should be closed later. If you know the right time to do that, profit would be optimized and happy face around forex is exist.
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I Think Forex is Just Gambling , Do you?
pepy replied to kiranchandra's topic in Forex General Discussion
Foreign Exchange as we know today maybe gambling, people can treat it like gambling so the chance of this business to be a gambling is exist too. But myregister i also agree with what ronnie said. Some people blaming forex as gamble just because something unfortunate happen to them, this is fact and still happening. I think it is because of their low understanding of forex. -
Regulation is important this is why i put it in the number 1 why? As i said before, regulated broker tend to have lower chance to scam, remember tendency it doesn't mean broker will become a saint. Nope, they will behave well since there is trustable, reputable, and strict regulator eyes on them.
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Do you participate on demo contest?
pepy replied to Ronnie Irani's topic in Forex General Discussion
I rarely participate in demo contest, when i was on early phase as forex traders i participated in this contest as long as the condition is permittable. Well it is fun because i see my performance is better than my real account, but still it is hard to win since there are a lot of traders who can trade fast and earn bigger. -
@myregister : I wonder if you can control greed, look at ronnie posts below you, you won't get anything else if you don't leave greed, the best situation that you can achieve is leave greed and focus to your trading also beat your own fear, with that you won't have much problem with any emotions.
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Well it seems the price will rise and there will be changer today,as the price seems move above 0.64882 which act as resistance level today, if this position keep like this there will be morning star pattern that may drive the price higher and this confirmed by Stochastic which indicated the price of NZDUSD at oversold area.
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On H1 chart, Stochastic already indicated that the price of EURGBP has been fall too low and reached its oversold area, and if the candle changed to the bullish also the price could be closed above 0.70291 the price may made morning start and will confirm that the trend will change.
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On H1 chart, USDCHF start to fall down deeper this morning, and this could be a start for the trend changer. But just like what i think, the bearish trend must be confirmed at first, the price must break 1.00680 which become a support. If that was happen, USDCHF may fall up to around 0.93142
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The price is strengthening to 189.62. Condition of stochatic which already overbought will limiting GBPJPY's movement, but if the resistance has been passed, then GBPJPY will rise to the higher level and even trying to break the second resistance level 192.85 at most.
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Breakout seems happened, technially eurchf's price will continue its bearish after consolidated. The next target should be at around 1.10032 which is the first resistance level, but the flag pole and stochastic indicated the price won't fall down, so if not the price may rise to around 1.1242.
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Stochastic today indicated that the price of Silver is in the oversold area and combined with Doji pattern yesterday it seems the price may have chance to buid morning doji start if today's candle make solid bullish. So my prediction is that today there will be reversal bullish that take price to higher level.
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AUDUSD has been created doji candle which means there is a push for buy to its lower shadow. I predict this condition will make the price to rise and it has been showing indication for that since the opening of the market. MA100 line become another indicator that support this rise together with Stochastic.
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This is what i really hate so much, especially when i think the price already move according to what i predicted and i get profit but suddenly the price turns back and in the end i lose. But i agree with upul here, we don't need to worry about it too much because sometimes shits happens and including this one too, a trader which i regards as my teacher said that as long as your risk management still fine you don't have to worry about something like this.
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Yes i agree with you some people will identify this issue with gambling well that is just the fact of life or the way foreign exchange, not all can be success while the others may obtain more profit and living well. Ups and Downs exist in forex also not to mention this business is high risk so still be careful with what may happen.
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Quit is not in my dicitionary right now i have been lost for more than 20 trades, near hundred maybe if i don't make any mistakes recall my history. That is such a pain to loss that much but honestly if you want to learn and be pragmatic, you can change your loss to your profit, even i am still struggling right now but i don't even reach 100% margin, my margin is at 4000% right now and i trade with around 0.05 lot- 0.08 lot depend on the condition.
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It doesn't promise big profit it promise small profit in relatively quicker time compared to long term trade where you need to wait around few days or even up to few years. Scalping is someone who make small profit per position but in bigger quantity, so for example: 5 pips in 20 time trading, rather than for example 100 pips in 1 weeks.
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Two thing that cannot communicate and then decided fate? That is absurd. Well talented person or self earned trader won't make much difference, because what we need is hard work what we need is keep trading. Even you are a talented person you won't make much difference if you just read those books about forex and never practice or trade even once.
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Is it possible for me to sell my forex account online
pepy replied to chuna1985's topic in Forex Newbies
The possibility to do it is very slim because almost all brokers would prohibit such an activity which some people condemn as illegal activity, and if violated could be fatal for your future. The worst possibility is you will included into broker blacklist so that when you open a new account must use another data. -
I honestly prefer the full size lots than mini lots, Well even though the risk are set big enough for a full sized lots but the profit are also quite large. By keeping my risk management, i'm sure that i can even survive even i have full sized lots for i have a lot of capitals in my account, just say around $ 25,000.
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True if that is faster and also without the emotion but i doubt if that is more profitable than ever, well some bigger institution still do that some banks even have it, but they don't allow robot to handle big money, they just give robot small amount of money to trade and let it grow with robot. While enermous money still in the hand of manual trading/human trader.
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Do You Make More Profit with Technical or Fundamental Analyses?
pepy replied to rockstar's topic in Forex General Discussion
True both of analysis are good but i still think fundamental analysis offer the most accurate analysis compared to technical analysis even it still rely on data of past. Usually i put technical analysis just as the second verification if technical analysis is the same with fundamental analysis the trend would be right for up to 99%.