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pepy
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Everything posted by pepy
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But retail traders if want to unite together and make a change it could be possible, to sum up all the money that use by retail traders we can compete against those big bankers, but once again everyone for theirselves here. Traders in forex only for the sake of speculating and make money thus driving the price to move dynamically.
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Of course but as reference low impact expected news could be useful too. I don't care how much percentage it is as long as majority of my trading ended up as profitable trading. I know exit and enter of the market is crucial especially with news trading who depend on news alone.
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Of course, without doubt it should be separated and let your emotion go is the best solution for trader. As for control of trading i beg to differ, even someone who don't mix their trading cannot control the trading, because after we open the position that is up to market and we can't control market, right?
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For long term trading stop loss is useful as a trader don't have to measure every single step they want to take, that is wasting time also i am sure SL has been calculated by traders, so it is the amount that they can risk for the sake of getting more profit. When doesn't use SL, traders might lose chance to limit the loss.
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The reality about earning money from forex isn't really good as what it said in ther advertisement where you as trader will get a lot of money from it in relatively shorter time and in easy way(just by few clicks and everything is done). In fact you must analyze the indicators or news and after that you must decide how much the risk you can bear and if you can make profit that is good but if that is loss, don't cry for it.
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In around 20 years maybe CNY become one of the major currency that you all can use, with around more than 1 billion people use it then it has some places for sure, but USD still strong enough to be a global currency so hold it in even 10 years later still feasible, it wil bring more profit to hold USD which also considered as safe haven currency by many economist.
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Why many Forex trader see it as a mystery
pepy replied to smithlover84's topic in Forex General Discussion
It is totally like clouds, even you predict it there are some percentage that your trading will be able to end as loser. Maybe this is another reason people who are newbie to forex see forex as totaly mystery for them, or something that they cannot comprehend, but mostly this comes from newbie only, not from someone who has knowledge or even trade in forex. -
MQL5 and PAMM? Maybe you are dreaming buddy? MQL5 and PAMM are different things to talk, MQL is language and PAMM is an investment, if you ask for investment then go to PAMM not MQL , Anyway myregister, the learning curve isn't really hard as long as you know a bit about object oriented paradigm in programming language, since MQL5 focused most on that.
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The one that i'm opposed so far actually their "black" source or the way they robbed people or do something which is illegal in their country. I know gangsters especially to those big one are smarter and use more clean way to do money laundering with forex as example.
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To be exact all bonuses could be profitable, it is the trader who manage it must know how to turn that bonus to a profit, simply by doing that a trader can turn their bonus become something which is more profitable and reduce a bit risk since we are using only the bonus.
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I am more to short term trader rather than long term trader, i said that i am a short term trader because my position usually closed so fast i don't know why, but it is usually less than one and half days based on what i see in my account. Whether i reach SL or TP all depend on that.
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Yes, it is not for everyone because not all people can cope with the risk that forex has, they simply cannot control their emotion tightly or even trade with such a huge amount just for the sake of earning. For me it is more like gambling rather than trading. Forex is for the one who can manage its capital strictly.
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Forex news is very important for trader or not????
pepy replied to showrov1993's topic in Forex General Discussion
90% of the market movement based on news and thanks to that you can expect the market to works like what the result of news if you can analyze the news with such a high accuracy. Of course, economic calendar or news is important for trader as i said before it was what moved the market. -
Money Management in Forex: the Real Deal in Trading
pepy replied to abdulla1's topic in Forex Articles
The real deal without doubt is risk/money management, it is the most important one. I agree with you myregsiter it will create better environment for trader, with calculating the risk we can avoid so much loss, yet this will affect our trading because less loss means bigger chance for profit. -
Forex: Why Psychiatrists Make Better Traders Than Expert Economists?
pepy replied to abdulla1's topic in Forex Articles
True, if psychiatrist the best trader around the world i cannot imagine this world gonna be, and also when a psychiatrist able to control emotion doesn't mean they can control the whole market, maybe they can minimize or avoid mistakes that related to emotion but forex is more than just emotion. -
But it still worthy even it has less trading time, commodity is normal thing in futures why you make it a fuss? I mean EURUSD could be compared to Oil, GBPUSD to Natural Gas, USDJPY to Corn and etc. Basically it is like forex and don't have so big difference except of its trading time.
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Sure, depend on that company, institution or that big bankers. High frequency trading become common nowadays, many people do it because it is become more reliable yet able to work without such emotions and other flaws that human has. Even like that i still hard to find a bank, or company that trade in forex use robot with enermous amount of money.
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Not if we want but it is in fact high risk too, but the king of all high risk business is forex for sure. Speculating need analysis and to put it directly i see that whether fx and stock has the same difficulties, but thanks to centralized place with stock we can maximized our technical analysis especially if that is price action.
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Scalping as novice trader isn't a good thing if you do it in real account , first you need to train yourselves in demo account use scalping, spend around 6 months or more, with trade not less than 4 days in a week. See how you improved so much, and with this you will avoid so much problem as novice trader who want to do scalping.
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Lower Leverage is good to a trader who has big capital and able to control the risk so well. It is not easy to get low leverage in many margin based broker. As for newbie who just start to trade, this lower leverage will hinder them a lot, especially if one newbie want to open higher lot size.
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- leverage in forex trading
- Is lower leverage good
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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
Yes, forex forum just a place to improve knowledge or understanding about forex also forex forum is not a place that will make you suddenly able to get a lot of profit. If someone want to earn they can try demo account for practice and after that move to real account for make bigger profit.- 456 replies
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- importances
- added advantage
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It is a matter, because the way of robot and manual is different to each other. With robot you can do anything automatically while manual trading means everything will be done manually, also our strategy maybe different with that robot which we are using, basically the approach is totally different.
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This is a good advice dude, I think that a trader should do compounding so the capital will keep growing, but it is more suitable for a trader who still has a very low amount of capital so they can increase the number of lot size and expands into the future.
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Stable spread? Be careful that is pretty dangerous, the spread will always fluctuate since the price also fluctuate so do the volume of each trading. I think 0.xx up to 2.xx still is good spread for scalpers, and make sure that your internet connection is good since scalper need fast open and close.