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pepy
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Everything posted by pepy
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That is a good point about the experience that we get could help us but i think before we get experience we must do hedge, how can we become good hedge manager just from read and never really do it? That is impossible and also maybe in our early phase training to hedging we will lose more money that we expect, but still we get experience isn't it?
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Money Management in Forex: the Real Deal in Trading
pepy replied to abdulla1's topic in Forex Articles
Everyone who ever try it for sure including me, i ever trade as much as 6% than yours which is 5%. Also that is just one percent difference so what is the big deal especially i am sure you are also not so veteran in forex and trade not more than 5 micro lot isn't it? With me growing my capital and also getting bigger nowadays i think money management is the most important aspect. -
Hedging in forex compared to stock basically the same, but hedging in forex must be careful because the capitalization is very big if we want to compare it to something like stock which its capitalization isn't as good as forex even still very big dude, why? Because forex is the world while stock is one country or just regional.
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Actually depend on the way they trade, scalpers maybe the one who don't or at least reclutant to use stop loss compared to someone who prefer long term or mid term trading. Since this is not something which has defenition i think it is up to the trader who use their own strategy.
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Of course it will be short or mid term, but that is depend on what kind of news that you choose. Interest Rate usually happened in mid term especially if that is happening in thursday to monday or friday to monday. News still important and very important in my own mind never changed and my only indicator.
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Metatrader become defacto right now it is hard to replace it, as far as i know MT4 is the most popular for sure following by its brother MT5 which i think should be able to replace metatrader 4 but i don't know why it can't until now.
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For what mixing both of these, it doesn't bring any benefit for every single trader who want to trade, see the example of someone who are trying to mix it they will surely loss and have very low percentage to win over their trading, even all of them win their trading that is just pure luck.
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Oh! My mistake there it is more than one liquiditors and also i think DMA is actually better because of lesser spread that we should spend compared to STP, but ECN is the most effective , but DD broker love their client's loss while ECN or STP or DMA would never be much happy if the clients lose because it means maybe they will lose some stream after that
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News the one who influence the price to higher extent or vice versa. News that makes people want to sell or buy something. I know if there's no indicator how can people want to take an action? they will just love with it and does not sell or buy their currency.
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Since the liquidity is higher that is why there's chance for the price to move faster, can you imagine how much money that circulated inside of forex and forex is not centralized business just like stock, but it is decentralized which means there are more than one liquidity provider that compete to give better price.
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If you want to trade successfully you must be stric to yourselves, having rules that you always follow and must be flexible in this case if your rules already doesn't work or you see something wrong or you want to advanced more with bigger profits.
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Beginning? hmm, well you got the whole point there i don't know what kind of technique or strategy that you are using right now but for someone who want to stick with scalping must know about it how to do it well and make it as better scalping, and for sure there is the beginning for that trader so they able to master it later.
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Simple means that you can do that in relatively shorter time and the understanding is easier even for newbie to understand. As long as you strategy or technique is simple many people will attract to it and even applied and make it more advanced than before.
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Psychology Mental (Emotional) Fitness for Traders
pepy replied to mortijoon's topic in Forex Articles
You can do that in demo account but the effect won't be so big, to be honest i trade in demo account with more relax feeling compared in real account where you will feel must get more profit and afraid of losing more. But as you trade more i think this thing will be able to adjust into your feeling sooner. -
But not all of them are totally cheap some or few of them are really competent to teach people. At it is really worthed to be tutored by them. For online mentors maybe all of them are cheap but offline/live mentors are great well not all but at least you meet them face to face and you can even get private counseling that will help in your career as forex trader.
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Who knows the latest forex strategy in the market?
pepy replied to chuna1985's topic in Forex Newbies
@decub: Maybe what i said before is wrong but there are a bit innovation in market about the strategy, mostly are technical or even maybe hybrid between those two(fundamental and technical). As for me there is no use especially if you already have strategy that proven giving you most profit to your trading. But if you are trading-nerd maybe following something like this is a good idea. -
Bloomberg and CNBC also a good idea, those stations are really good when it comes to updating the news. Just choose between then especially if you stick with fundamental analysis, i think those two could be the best reference and also they are competitive when it comes to who are the most real time to tell news result. It will help you to act faster.
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Is it advisable to trade on all currency pair as a newbie?
pepy replied to flybiz08's topic in Forex Newbies
I think they can do that but it does not mean advisable, they will trade with major pairs for sure since there are more than one major pairs to trade with. Since they can do that i think that is not really advisable for them to do that. The risk of doing something like that is simply high. -
Well i don't have much things to say except interest rate for sure is quite sustainable i think it won't be like a long term investment program but with DDoS protection and SSL encryption plus the licensed script this program sooner will gain more popularity also with more than $700 total investment it indicated that there will be more investors who would come.
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Still there are some times before someone felt something bad for this program, because this is just launched the investment. 40 people invested so far, total withdrawal is $243 and total deposit at $935 no matter how much you look at it, this program is paying and having surplus from admin side.
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Total return for 26 weeks = more than 200%, well i cannot deny that this program somewhat attractive and has nice prospect in future just by telling from interest rate that admin offers here, plus it has low minimum deposit too. As far as i can see this program still new so you don't have to worry so much about it.
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I also think this program isn't stable enough, just look at those interest rate i wonder only someone who has very high opportunity mind that will invest, i mean if that is me i will skip this program for sure. I alod doubt that it may survive longer and based on my prediction it may sustain at least for 4 days.
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@myregister: Not really a standard one but true that it has sustainable ROI rate, this sustainable approach may lead this program to the longer lifetime. At the moment it still paying and probet is gaining more recongnization also credibility from more investors, even though this is HYIP but overall good enough.
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Payza is not a good payment processors not really bad but keep stagnant or i can say struggling to rise and gain more recognization. I think they should make theirselves more stable at first and then make a better increment later when they have more capitals. However, they must keep remember that 3rd world countries still open wide for them and make sure PZ remember that client is their best assets aside from staffs for sure.
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It already attracted more attention from users no doubt that even WebMoney still able to survive despite of the crisis and also since they are located in Russia the problem with FBI and US solved automatically, but in Ukraine, WM server has been seized.