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pepy
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Everything posted by pepy
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it took quite a long time to get success
pepy replied to andisatria's topic in Forex General Discussion
Sure even in forex that is not a short term easy job, it is very hard to make money here sometimes everything does not work just like what you think, but comparing forex to the other business maybe like make a mine, or build an electronic shop i think fx is way faster. -
I prefer to lose my money in a broker that really protect my money and be honest to me also has strict regulators that regulated that broker so well. Safe or not, scam or not, it is a matter of later for a while and based on my experience very few brokers which become scam under the supervision of a credible regulator.
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Trading for sure is a big challenge, how to manage the risk and making profit at the same time is not easy task. You may find conflict between trying to make bigger profit and limiting the risk because these two are opposite thing.
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Getting profit in forex is not even easy thing, first of all making speculation is not really a good one loss big but profit is big, someone who does not have good mental may drop this business sooner than what we may expect. Also sometimes speculation does not really work for us, means that sometimes our prediction is really wrong and we lose. Don't think about profit but risk management.
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Fx is actually not a best business but actually gaining more popularity, in fact putting aside the high risk of forex speculation FX offers many other chance such as flexibility where you all can trade there anywhere and also anytime during business days.
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- Best Forex Trade Copier
- Best Forex Signals
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Pros & Cons of the Popular Forex Broker OctaFX
pepy replied to Ashley Cole's topic in Forex Articles
Very good but you forget to tell something here. The cons you can pros and cons but what i've got here? Nothing only pros of this broker, i know Octafx somehow actively promoted theirs and gained some popularity from traders but it seems what you posted here is totally different, overall i see that each broker has its own good and bad reviews also pros and cons. -
Basically this program has high risk, if you want to invest make sure that many investors also still invest here. Interest rate is pretty unstable, low minimum deposit for attract more investors plus the script that is not licensed and lack of SSL also DDoS protection, this program is completely bad.
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Your link is totally a false, changed it before you mislead more people. There are 3 HYIP monitors that i spotted and all are invested their money also has PAYING status. As for interest rate i see that is stable enough, with 2.2% daily this program may survive longer than what i can expect. It's normal deposit is achievable for many tiny investors even so big investors too.
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This program isn't really profitable, based on my prediction sooner it will be collapsed, i know it is paying members, it has SSL but it lack of sustainable rate, for example 6% hourly rate in 20 hours = 120% in just 20 hours? I must dropped my stock if that thing really true LOL, also with low minimum deposit i doubt it won't be act as money game. It also doesn't has DDoS protection.
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Scalping is not profitable, Tell me what makes scalping profitable? Small profit? Or hundred of open positions? To be honest Scalping is too risky for traders, i ever did this once or twice if i don't make any mistakes and guess what 40% resulted in loss, while i only get around 300 pips with 100 open positions. Basically some people said its risk reward ratio is not balanced.
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They have margin where we share the risk with them when we open a position. Spread is the other income for most brokers, some offer comission and also another feature like liquidity access to market for big corporation which prefer the anonymous trading without need to be traced.
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Forex requires mental capabilities
pepy replied to PROPENSITY100's topic in Forex General Discussion
Well if that is the case, i think all traders should have it, a capabilities of how to handle their trading and also how to convert that so they able to stand even no matter what happen, isn't it? I also agree with better management, it will lead to more profitable trading. -
Yes, i also see from this point that FX is practically difficult but it is not very lookly impossile for somoene to make money, what you need is actually only good risk management and profitable strategy by using technical analysis or fundamental analysis. As for demo account that is right it is a must, but if you have enough experience already then demo account has less place in your career.
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Not for everyone, let me tell you how much people that could handle the effect after they loss their money in forex? The answer is not much can handle it, usually they will leave forex after that happen, or some people that just by reading disclaimer said forex is high risk will suddenly leave it because people don't likt high risk. So ijust agree with OP here, FX is not for everyone.
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Tiny capital does not make forex as the msot suitable jobs for you, beside that kind amount of money is too low for you to handle, i am sure that just in few seconds you could suffer loss. If you have at around $100 or higher maybe that would be better because you don't have to overleveraging your account which means acceptable margin for you.
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Using your own skill does not mean you can always winning each trading you do. Actually there is nothing such as best forex trading system. Many scammers and affiliate marketing outside sold something like this claiming that it will boost your earning, and it works but temporary and for some people only not for all people who get that system.
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Had limited experience doing scalping?
pepy replied to uncle gober's topic in Forex General Discussion
Make a sense but you don't know human, sometimes they force theirselves for something that they don't even know. According to me this should be solved by our willingness to learn, but that is the other answer what i want to tell here that what OP mean here is limited experience for scalping in some brokers, well this is normal thing because scalping want fast profit and fast execution so it will turn out to be like DDoS. -
why many people see forex trade as gambling?
pepy replied to rockstar's topic in Forex General Discussion
In fact it is a place where may people lose their money too, aside from being greedy or loss countrol of their trading by acquiring higher margin or using unaffordable lot size. In fact as we know forex is a high risk investment and just gambling which even not an investment but still high risk and from this high risk thingy people can connect forex and gambling. -
True, that is the biggest joy where i can feel before when investing in PAMM, but it is not really easy to choose the best pamm manager. It is hard, and sometimes what do you see on their statistic cannot prove that pamm manager is really worthed at some period of time, you may even ended up as loser too.
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I find out that trader who claim their broker is the best than other is actually a promoter especially if they told the brand of their broker it will be clear that is true. Anyway, i see that most of trader who feel their broker is the best usually from Non Dealing Desk broker and coming from various type of NDD broker such as STP, DMA, or ECN. You can name some but i think there are few that worthed and big enough.
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No small money for small traders who may have around hundred dollars or euro as the total capital, but that is small amount for trader that has capital at around 4 digit or 5 digits for small traders they would love the bonus but for big traders that kind of bonus will make their broker looks like dealing desk one.
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Useful Tips to Success in Currency Trading
pepy replied to dhanpreet's topic in Forex General Discussion
@ashley cole : I do agree with you in this part first of all i am experiencing something like this myself. Strict management ratio or money management is really important, first reducing the risk second optimized profit and the last part, train yourself indirectly how to controlling the emotion you've got so far. -
In theory that would be so easy to do, but in practice of course a hard thing. The way to get profit from forex is by using "sell high buy low" principle, no matter what is the condition always follow those rules, because that will lead you to profit. Of course, analyzation is important but this is a complex situation because each trader has their own technique to do this.
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But that will make sure those scammers and also gangster to think twice do money laundering in forex. People also become more educated about this issue which i think is a good idea, i know strict rules will make us harder to do trading but as long as that will give us more security that put a greater benefit i think that is fine.
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TP is not cut loss but limiting your profit so you don't have to be greedy, i am sure that each of you ever feel that you want to keep hold one currency for long time with the price that keep rising and after a while it falls you think to hold it for a while hoping it would reverse. TP is useful here so you don't do something like that over and over again.