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pepy

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Everything posted by pepy

  1. pepy
    You think this is easy when it comes to analyze the market? If you think like that you make a big mistake. It is not so easy , making analysis requires indicator and also experience this is why you find most of newbie lose their money. The main reason why trader lose not because of wrong analysis but simply i think because of their emotion and also it is just not their luck, remember there's no 100% profitable strategy.
  2. pepy
    It is hard to find but to create it still possible even you know that it requires depth understanding of coding and also foreign exchange knowledge. If you have a lot of bucks you can looking the robot that developed by specialist in the bank they are one of the best when it comes to create a robot that works with higher flexibility. But remember most people trade robot with small percentage of their total money not by majority of it.
  3. pepy
    Online forex trading gives us advantage for sure, we don't have to make a telephone and the spread is totally competitive for us too. If you can design a very good robot that would be work well for you then you can even trade million times in just few weeks. Online trading makes our trading faster which mean more profits or more losses.
  4. pepy
    Yes, we can see the gap between candlesticks but not always happen, this night i see that USDCAD got one gap after Canada's GDP released, if you have some time you can check it. Gap usually a sign that the price relatively fall down deeper and some people would love to trade during this time.
  5. pepy
    Flexibility is for sure an unbeatable part if you have it, with this you don't have to stick with one or two strategy only but could be more and more. With the flexibility of your trading profit would be closer and somehow you can manage the risk better, for example you can combine or choose between fundamental and technical analysis..
  6. pepy
    We have no control on the market but remember that if we are unite retail trader will be able to drive the price to higher extent and as you all know forex is near perfect market compared to the other type of business. Big players are exist but they are mostly banks and also could drive the price and the one that actually created hype that followed by massive retail traders(speculator).
  7. pepy
    You can do that by price action for example, some candle has various meaning and also you can use it when news coming look at high frame like H1 or H4 and compared with M5 or M15 after the news result out just see the candle (price action) to know when the right time to enter the market, usually it is around 5-10 minutes later.
  8. pepy
    So if you already know the risk of foreign exchange i think you should take care of it isn't it? First this is high risk business so coming up with better risk maangement is important, second knowing the risk of forex you shouldn't hoping so much here high risk means high gain but see it is still high risk. Third and the last invest only what you can afford to lose, since forex is risky you should invest with cold not by so called hot money.
  9. pepy
    It is still important price action could be useful when the times is right, sometimes i use it too even well same like you i use fundamental analysis with news as my own main base to reap more profit. I see that major currency pair is easily to predict in most cases, i seldom find it is hard to analyze the major pairs.
  10. pepy
    Well, when the price is low, and from where do original poster know that is the lowest one? I mean it is not really easy to do that, the same thing that myregister said here is really make sense, It is better to enter the market when market is calmer not so volatile.
  11. pepy
    So indirectly this is our friend, we are actually directly our friend the one who trade and do analyzation. But people keep focusing on trend which we seek for. Trend could change or even betray our expectation which already happen many times before, as long as your trend is clear and like your expectation it could be your friend.
  12. pepy
    You don't have to replace your old job even you earn better with forex, you still can work in your stable old job earning some adequate earning while keep forex as your part time job that give you double income, this will surely boost your income since you don't have to leave one of it, and if your forex business fall you will still able to back it up with your stable old job.
  13. pepy
    Then ask to those big bankers that still using robot myregister, if you know some big banks in your country and other countries also traded using robot. I don't want to say human are bad but they have emotion that swing their decision and robot can execute many times faster than human, also robot algorithm is getting better nowadays, but not as flexible as human today.
  14. pepy
    I agree with myregister, this is all about the psychology of that trader, i bet they trade better because there is no fear that you will lose your account here, even you doing bad you still can create new account without cost. That kind of thought for sure affect people's performance in demo account.
  15. pepy

    Forex And WE!!

    pepy replied to biwake's topic in Forex Newbies

    @decub: In reality some can achieve what they want and keep doing it while there are some who lose and giving up while the rest of others failed but never giving up. Trader's are the main core of forex the price rise or fall thanks to the trader who bid the price.
  16. pepy

    PAMM sytem!

    pepy replied to hexeduser's topic in Forex Newbies

    Not all can have access to pamm account but to be honest this is one of the best place for people who gain interest in forex and want to invest their money. Remember just invest cold money here it is better as we know the risk of forex is actually high and so do pamm as investment.
  17. pepy
    Of course with their fast and accurate update you can say a real time update, FX news station like bloomberg for example become the main place to see if the economy of one country is getting better some people even use it as their indicator to take fast action like scalpers for example.
  18. pepy
    @myregister: Risk management playing plays a very important role here, personal trading rules can help to discipline yourself and as you say realization than these rules are quite hard to do Because not all traders are able to do that they apply their own rules usually due to lack the knowledge of their own ability.
  19. pepy
    What kind of change? positive or bad one. Trader will tend to move towards that way when they feel that they are changing to that way. Forex for sure affect everyone live changing it without them knowing it. For example me i feel like i can accept my losses better than when i was started business as newcomers.
  20. pepy
    Yes it is all about our consistency when making profit, it is proven to be profitable if we can make profit consistenly with it but if not that would be a bad idea to convert forex as a full time job. That would make us lose more of our own bucks.
  21. pepy
    If you only read the material at forum or comment from trader you won't improve, share with the others too but practicing and criticize those things would give you some way to improve your trading skills. I don't think you will be able to improve if you don't even touch terminal to trade.
  22. pepy
    Not really important but as your first assignment I think it's quite nice. With having this kind of knowledge we able to think whether the broker cheating or not, I think dealing desk broker where the broker earning from its client loss is bad idea for most traders, so a trader needs to know about it too.
  23. pepy
    That is a really bad idea to put a lot of indicator imagine there are more than 5 indicators on the chart alone, will you be able to read the trend quickly?. I am not favouring this way because it just make a trader become dizzy, just 2 to 3 indicators used, and this could have an impact fine on the trader.
  24. pepy
    Address verification is verification type most often used by a broker upul Tharanga, sometimes also used phone verification to further tighten oversight of fraudulent things as I have mentioned above. Basically it is just for security. I don't find much problem with this way and even support it as the part to fight against money laundering.
  25. pepy
    True, it is broker who scamming all traders around the world, broker who cannot manage the money of its clients well and actually has weak regulation. Forex itself as the business is not really a scam things. It is just like stock some people lose but in fact nothing scam there.
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