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pepy
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Everything posted by pepy
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@gaban: Not just practically profitable business but also a high risk business that offering higher chance for people to grab bigger profit. Lucractive is subjective if compared to the risk it has but it seems that with leverage and other features that forex has, people become love this business and want to earn more with it.
- 460 replies
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- Learning forex
- Should i trade in forex
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Do you think that is really easy to take a loan? How about if they keep suffering? Foreign Exchange is not for hot money but cold money, the risk is high and you must ready to take it. This is why i think newbie who mostly have bad mental cannot survive and shouldn't take forex as their main income.
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According to me that is why we should control our trading, since we have control we can know what kind of risk that we should take, is that really worthy for our profit and our time if we are ready to take the risk, and later how to manage your loss if you were loss all much of your bucks
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Demo contest doesn't have any correlation with this but up to now no one can beat demo account as the best and the most suitable account for a trader to trade without need to risk their own money and still feel safe even they suffer big amount of loss. With that kind of characteristic, i think demo account is the best place to make practice.
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Importance of Demo Account/virtual account in Forex
pepy replied to abdulla1's topic in Forex Newbies
@gaban: that is why this one is very important, with virtual account someone can try something that they never did before without worrying about losing more of their money into that experiments, many people from newcomers to big traders must be use virtual account at least once.- 751 replies
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- forex virtual account
- forex demo account
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Yes, beginner could start with using small capital. There are many reason behind this including that lowering their chance to waste more of their money for nothing. For seasoned traders they should increase their capital, this could be useful for their expansion. More capital means more chance of seize profit.
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Sooner or later they will realize them but what is the most important part right now is to give them educational support of how to trade well and to see forex in long term means. As long as you still keep doing that people will get more education about it.
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Study means you must read and also practicing well in this case demo account is the best place. Going through real account directly never be a wise idea. If you want material to read there are tons of forex blogs that you can find online, sooner after that just practice what you learn to see which one is more suitable for you.
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I don't know if they fail in demo account because mostly from their testimonial and screenshots of newbie i ever see is good, so it is emotion that make them loss but in real account not in demo account. What i want to emphasize here , is to eliminate bad emotion so there are no difference between real and demo account.
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hone your trading with a demo account and a real account
pepy replied to rizal83's topic in Forex Newbies
No matter in real or demo account you still can hone your skill, make your trading even better than before. In real account you will face more challenging part of your trading. In demo account maybe you won't see the same thing you meet in real account, but it still able to hone your skill to certain extent. -
It is obvious for all of us that the best place is demo account, there you can do trial and error also you don't have to worry about your account will be vanished,and with one email you can create a lot of account, or if your account burnt out just create a new account.
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Don't make forex trading harder than it has to be, with many tools and indicators scattered on internet you should use them for your own good, also don't ever think that you will become millionaire just in few days or nights? That's practically impossible.
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How the CPI Economic Indicator Impacts Forex Trading
pepy replied to abdulla1's topic in Forex Articles
CPI is quite effective for many traders because in fact CPI provides information about price changes in the nation's economy to government, business, labor, and other private citizens. With this we can predict what will those politician will do to thei foreign policy and that affect USD for sure. -
A rebate program will reward you simply for signing up with a particular broker. As an incentive, many brokerages offer welcome bonuses to those who will sign up with them through the rebate program. Also if you lose your money you still get some rebates which means reducing your risk.
- 19 replies
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- forex rebates
- kickbackfx
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Well 105% for one day not so high nor so low i think for few days later this program can pay, especially with what admin spend for this program, it seems he need to attract more and more investors somehow. So far no sign of this program becoming a scam one, but still be cautious about it because there are a lot of difference between how much admin paid and how much people investing in this program.
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Look at interest rate which admin offers, totally unstable and unreasonable also in relatively shorter time you can get a lot of money instantly with lower minimum deposit. It actually does not have HYIP monitors to monitoring them, doesn't use SSL encryption, DDoS hosted protected, and the script is pirated. Total mess if you ask me.
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Be careful guys this program is really unstable, hourly investment plans and also in very high rate. This kind of program i think cannot survive longer, not to mention it has been running for 5 days, with more than $10000 payments, maybe that sound like a good thing but it is not because if you start invest now the risk is very high.
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Hihg return and also no even single HYIP monitor which monitoring this program at the moment. For me this is a bad thing means this program isn't that popular despite of its seductive interest rate. Moreover, i think this program still has few chance to pay especially since it has SSL and nice script too.
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@myregister: You said the truth, i also observed the same thing here gold or silver tend to have different movement towards USD. But what is your idea about inflation and what do you think about its correlation with forex itself aside from for sure driving the price to higher price, and a good indicator for a country's economy.
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Big bankers or big instuition still use robot, but robot that they use are not an ordinary robot, it must be tailor made and also has specific algorithm, Robot has some disadvantages but does not mean it is not worthed, actually that is very good to try but make sure you have enough capital to do that.
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Yeah, aid for us i wonder why people seems fear so much about it in fact human loses more than robot, even robot is a new way to trade by depend on algorithm of that robot but it is not something that you should fear. If you fear them more just put small amount of money when you trade with robot.
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multiple forex broker Trading with multiple forex broker; is it advisable?
pepy replied to flybiz08's topic in Forex Newbies
Asi i said before we need capital and to open an account we also need many things just aside from capital. I know there is bonus like poster above said to me, but is that enough? Usually traders need at least $200 for their small amount of capital. This is why i think trading with one broker is not advisable.- 106 replies
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- disadvantage of trading
- advantage of trading
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First, imagine a newbie that cannot control their emotion, they will lose and mini account is good for them. Just say that newbie has big cash in his/her hand, i am sure with use mini account he/she will spend it in smaller amount thus helping them lowering the risk.
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It won't be the same and i think won't be ever the same, forex and gambling will be same if you look it from one perspective only and using different ways to view it. I do recommend to look forex as whole and so do gambling and after that compare it.
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- forex v/s gambling
- forex or gambling
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The best forex myths that i've ever seen is actualy how people think forex as simple and easy business, well in surface it is simple but when you dive inside then you will see how complex is this business with many people inside trying to defend their interest.
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- forex misconception
- top forex miconception
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