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pepy
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Everything posted by pepy
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Forex forum Do you think forex forums can improve my trading skills?
pepy replied to flybiz08's topic in Forex Newbies
But without forum you cannot even know what to do with your practice, learning from forum is an option but for someone who doesn't have any money to teach someone can use forex forum as the only way to obtain knowledge that will lead them to gain the most effective practice.- 456 replies
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Once again i'm talking to myself and to some people who i know and trade why some people doesn't use SL and feel that is ineffective to them, well the result is various but the most are they don't know SL feature is for that or don't even know it is exist , they don't think it is worthy because they prefer to do cut loss which is faster than before.
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Stochastic seems making a cross but envelope and also RSI doesn't show any significant signal on H4. MA100 and MA30 doesn't make any cross too as the price is stay in between and it seems the price of EURCHF will keep sideways and be careful with ZEW sentiment news that might chance the overall trend today.
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On H4 chart, GBPJPY formed Hammer Harami formation and showing the tendency for the price to keep rising. MA30 also below the price and supporthing this UP movement. RSI also near oversold point so it may even rise before break to oversold zone and bounce back.
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On h1 chart usdchf showing a tendency for sideway but with minimal bullish trend, combined with MA30 which showing bullish trend and candle formation indicate the same result, but pivot still cannot be broken by the current price so i think the price might be sideways for a while.
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Well on H4 chart, The candle showing a chance for the price to make a bear trend, and it's also supported by pivot line which showing the same result, as for MA100 as long as it cannot break it the chance of falling deeper won't cannot reach 80%. Since 60% indicator show strong bear result and only wait for MA100 to break i predict it can break it and fall deeper.
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Pamm system or just said as pamm is an investment based on foreign exchange, the one who manage investor money will be called as pamm manager. Anyway see the records or other aspect of pamm manager will help an investors to choose who is the most suitable pamm manager for them.
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It is still better than manual trading with robot trading you can use VPS power fully especially if you designed your robot to work for 24 doing some analysis and then will execute a position in the right time. I think a trader who need VPS aside from having a robot should have quite big amount of money to rent VPS.
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As long the broker is regulated, i don't have to worry with the broker that i am using right now plus it has segregated account too. It is just overacting if i do that also beside that i need to trust that broker. As long as broker able to maintain their credibility invest our own money is okay there.
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which currency pair do you prefer?
pepy replied to TradingForex.com's topic in Forex General Discussion
EURUSD or GBPUSD still the most preffered currency pair rather than others. Because there are bigger liquidity and also many traders orientation still towards this one of the most volatile currency pair. I see other exotic pairs rise in terms of how much people that use it like CYNUSD since China is emerging at the moment. -
Well making money online is very possible in forex, it just need more of our patience. I choose it because of its flexible trading time, since i don't have to trade everyday with my current strategy yet it also gives me quicker return compared to the other offline job or business but with compensation of its high risk too.
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why many people see forex trade as gambling?
pepy replied to rockstar's topic in Forex General Discussion
Since they lack of it then they should keep training and become a better trader, with that there won't be any gambling or any situation like that. Gambling is all about guessing same thing like Forex. Even gamble already into forex. Something like forward or binary is the part of forex which totally similiar to gambling. -
Trading will be always challenge for trader, make profit is not easy as many people just talk it from their own mouth. Imagine that with limited funds and also with uncertainity of forex itself. People will find it is hard to make much money from it plus it takes longer time to reach conclusion will the trend rise or fall.
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Well that is because they have small capital and also come from if not mid-low class it is as high as mid class who want to fix their own life by trade through foreign exchange. Seeing this chance a broker could offer bombastic bonus and for sure will attract majority which come from this class, the essential keys here is to choose a broker that regulated by strict regulators, accept only trustable 3rd party, and has strict verification.
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Too much ambitious for example. Compounding for sure is important, one thing that you should note that compounding will increase your capital while throw away your chance of grabbing your own profit and use it for your own aside from compounding for sure. To conclude that all i can say compounding importance is up to a trader's condition.
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@aliforex: But in the end that is depend on that person if they want to change his/her main job to foreign exchange. However, one need to think about the risk of change this kind of job. Will that lead to more risk or it will simply make difference into their lives if foreign exchange become a man job.
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How Much Time we Spend in the Demo Account.
pepy replied to showrov1993's topic in Forex General Discussion
Technically unlimited since many traders trade in demo account even they already earn well but the difference only at how much time they spend there, maybe when they were start forex they spent 7-10 hours but right now only few minutes up to few hours. just for the sake of curiousity or experiment. -
Bonus become profitable as long as you can turn it into profit and the only way to do that of course by trading, but remember this again not all brokers offer generous bonus to each traders who get the bonus. Some of them even don't know that they have unrealistic rules or even HIDDEN rules LOL
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What makes one trader better than the other one
pepy replied to euro's topic in Forex General Discussion
Well it might be true, as i see a lot of traders that make profit because of their good understanding of forex nature and able to open position at the right time, also they are quite calm when facing unexpected situation, with that they are able to reduce the risk thus gain more profit. -
Another place where you can get money from just doing simple thing, but the rate is too low. One thing that i like is here that we can play games and while that still get money, one thing that i know is admin get money from advertisement and paid it from BTC even maybe advertisers paid from other currencies.
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At least you don't have to do something like that, it is just consistent. So everyday or every week or every month is out of the context. However, to be a consistent trader one must know how to manage the risk and trade, with good set of skills we can become consistent traders either from create profit or avoid loss.
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As for terms, i think it is various for each broker since some brokers offer nice terms and permissive one while the other become so strictful that even few of them do SL hunting for each bonus you are using. Also brokers offer bonus because want to attract more traders.
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So we sell our unwanted traffic to someone? Well that is a good idea but the next question here is how can i sell to someone even this program has less users that active here? Isn't that a bit off? I know if it has millions active users then it will change.
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Controlling emotion to me like playing with fire, it is better if you learn from forex robot how to eliminate emotion and remain calm and use your own analytical thinking only to predict the market's trend based on your indicators such as news or candle maybe that you use as the base for your analysis.
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As i said before hedging is very useful and good in volatile condition, especially for someone who doesn't want to take a risk. Hedgin EURUSD in NFP for example could bring a good result or bad depend on how you hedge, make sure you hedge when it comes to profit, so you theoritically lock your profit.