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pepy
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Everything posted by pepy
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Even in demo account you can make a lot profit if you have a fairly good knowledge about forex, basically a demo and real accounts also have some similarities, but the fundamental difference is about emotions and how to mitigate them.
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Online mentor probably one of the best thing whose a trader can get from economical side, i mean it is cheaper compared to offline or live mentor that usually take huge sum of money but you get their coaching directly not like online mentor where you only meet around twice per month or once per week.
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More than one account with one forex broker; is it advisable?
pepy replied to flybiz08's topic in Forex Newbies
I agree with stekin, if you cannot trade with more than one account never do that, also to be honest only have one account is easier compared to have more than one accounts plus you can recover yourself better if you lose and you can focus so well here. -
True to certain extent especially since not all currencies considered to be safe haven although the label of safe haven doesn't always apply we can see that USD, JPY(were) and CHF are often considered to be safe haven currencies. The key is strong economy. JPY were but it seems they devaluate their currency to keep make export competitive.
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Practically impossible let's do the math, with 1 lot size each pips you obtain means $10 for you so it takes around 100 pips in one day to reach $1000 which means you capital must be at least $10000. While if you use 10 lot size then it just takes around 10 pips because each pips means $100, but it also requires a lot of capital at least at around $1 million, and in here is perfect scenario where you are never lose any single bucks.
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If they cannot invest more i am sure there are 2 options for them first stay with their own capital and keep compounding or use that money you got from bonus to invest. Bonus is not really bad idea but remember that too much bonus from broker is actually impossible and usually this bonus is only for big investors not small investors.
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Only sometimes because i think that EA would work that time but it is not always work. I mean i suffer loss at least 10 times up to now when use it, but that is just 20% if i count based on my total trading with using free EA which my IB offers to me.
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To be honest, i need at around $5000 at the moment, with that much i can guarantee myself that i can earn around $200-$300 per month depend on the condition of the market at worst only $100. Some people have their own preference some even lower or even bigger than me.
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Anyone can trade if they want through mobile phone, well that is easy to do that but the problem of course the response of each tap, since some smartphone have some delay with this and for scalpers this is not a good idea, screen size also the problem, hard to see charts made us lose lots of of money.
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Robot is useful as backup and proven to be another way to make money, but once again that is hard to make a flexible robot that works so well, and if sold the price could be more than $10000. Mostly people prefer manual trading because they are in control and more flexible than robot trading.
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As long as this is not consecutively and also you still have large amount of capital to support you back then don't quit. If your margin dropped so much you can quit since that means you already loss, take a breath for a while study what you lack of and then trade again when you are ready with new strategy and experience.
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Also since that is a big business some huge money that people make there come from the source that we don't know, maybe money from corruption like what yakuza did in japan. In fact that is just for the sake of security and also a regulation with government.
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That is why we should need mentor isn't it? I see that you should ask for yourselves first does learning by your own will make your trading better or you can progress faster? If not then just grab mentor, some mentors even have competitive price especially in country where forex is rising star.
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Consistency in profit making is very important?
pepy replied to showrov1993's topic in Forex General Discussion
I wonder people keep asking this but in fact consistency in making profit is very important because without consistency your profit rate will fall below and you might lose more of your capital. Also if you have some kind of benchmakr then consistency in making profit is a must and it is better if it is getting better. -
Forex right now become the online earning source for many people i am one of them and i am sure some posters who posted here too. This is common right now since internet penetrated to the whole people around the world faster more than we imagine and with forex moves into internet trading become more liquid rather than before and the volume is keep increasing per day.
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Elaborate please, what do you mean by straight forward technique, i bet that technique is technical analysis mostly. Profitable trading isn't easy there are a lot of thing you should know and to mastered before. I know that broker playing important part but still you need a clear and outstanding understanding of forex to make it more profitable.
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Importance of stop loss placement in forex trading.
pepy replied to asiaforexmentor's topic in Forex General Discussion
But also if you don't careful or placing your pips too high there or too low your chance will be blasted instantly. What you actually need to do here is to have right amount of SL. Around 30-50 pips are good enough all are depend on your total capital as long as that can support your trading then it is okay. -
Well i cannot give much review about it but my first impression is this program good enough, not to mention it has SSL and DDoS protected hosting site, monitored by 3 HYIP monitors even the status is still WAITING and legal script plus its interest rate are reasonable for most cases. So far an ideal investment program and sooner or later may become one of the hot program.
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15% just for one day is too high i doubt it may sustain this program for long term investment program also minimum deposit is too low for investment, well that's maybe a good thing but i think that may also another downfall for this program. Instant payment is just marketing gimmick here, it is manual payment.
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It is only in Russian language and investing here would be so hard but judging from the information that thread starter give here i would say that coinscloud is one of the program that people can trust for quite long time, not to mention it has SSL and DDOS protection too which increase it reliability.
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But it seems the lose momentum in my country, and i am wondering what Payza can do right now to attract more people to invest more in their payment processor. Rate is actually dropping compared to the others even like that thanks to IDR weakening to USD, the convert would take bigger cash for someone.
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It is relatively stable from interest rate perspective and based on my own opinion there are SSL and also DDoS protection that makes this program strong than ever. To be honest i see that it may sustain longer and just for you to know m-btc is a paying program.
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The biggest problem is that hdmoney admin seems like does not even care with this one. It is better if at least they could revamped the template and also bring more attractive offers maybe some free balance for accumulate some balance before just like or maybe even got into gambling.
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Well as you all can see this program is actually a hourly rate investment program, and at this moment it is paying and actually quite surprsing because of its shorter term and higher rate. Overall this one is not really good but still paying but unstable i doubt if this one can survive for more than one week at most.
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Yes, in indonesia Neteller is totally popular not to mention in some exchangers that i ever find, that they offer nice rate per dollar of Neteller balance you have but they want legal balance so it would be good if you have income stream like FX for sure. Well, one thing that i notice in this 2 months that Neteller somehow gained more recognization as payment processor for Foreign Exchange.