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pepy
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Everything posted by pepy
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You won't eliminate any risk if you are trading in foreign exchange, it will instead lead you to more challenge of the market, you may lose your tradig or even for the worst cannot cover your loss and ending up losing your own account because of margin call too.
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What do you think about free deposit from broker promotion?
pepy replied to kaito kid's topic in Forex Newbies
Nothing, i think that is just another way for people to earn money from forex and that is all. Also if you don't have any knowledge or skill to turn this free depoti into a more reliable profit i think you still won't make it even this is a promotion from the broker itself. -
The country that did maybe china because of their expansive policy and also their economy growth and not to mention that china did many deals with the other countries. US also into the list so do Europe Community because their currency are the main one that trade by people whole over the world.
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It is for sure possible there are a lot of traders that trade via mobile phone right now and that is very interesting thing. Well, even the processors of phone nearly meet like what low end PC could do and platform that we are using is resource efficient so you don't have to worry.
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Copy trading create to facilitate members of that broker in order to trade, especially targetted for new traders who want to earn as fast as possible without need to learn so much first. I see this as evolutionary way but if you are unwise could lead a platform that will bring you to pitfall.
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If you lost keep trying but if you lost later rethink what is your mistakes and fix it or you can simply quit, well foreign exchange is not for everyone. This business does not make you rich in relatively short time even the profit is big enough for us.
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I do believe someone has talent but for mastering something you must be learn it first and even untalented person can do that too. From what i read at many literature, people with talented tend to learn one subject including foreign exchange faster usually around 4 up to 10 times faster compared to people who has less talent or untalented.
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That is right they should apply their knowledge into trading but if i don't make any mistake Robots also has its own algorithm isn't it? You put your strategy into the robot and then with some code make it behave based on the current trend of market.
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It is up to your own decision for me i don't need to trade everyday since i don't see any point for doing like that, even i don't trade everyday i still feel fine and earn well up to now even before made huge loss. Just make sure you have a quality trading.
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If i want to say good then it is not really good but the percentage is quite high around 70-80 percent. It is based on my trading since 6 months ago, i see my analysis accuracy rising in steady way and seems like i may be stuck for a while like this while accumulating more pips.
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Ever burned your A/c due to forex margin requirement!!!
pepy replied to yogeshwartyagi's topic in Forex Newbies
Burn of what? I mean burn accidentaly or not? I burnt my account accidentally mainly because i don't know how to control emotion and lack of experience also really greedy that time, several times if i don't make any mistake. That is painful and you should really know how to avoid something like that as much as possible. -
You have mentor, isn't that great? With mentors you can ask many things you don't know or even want to get some advice, they may even help you in some ocassion to make profit, your mind and his/her mind blend together and create collaboration that will help you to make profit and improve.
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FX robot will stop automatically after 24/5 and they won't trading. The spread is getting bigger during weekends, this is something that i don't know why but i am sure to prevent much people intervene the market, primary bank only gives retail traders and all mid-level or few corporation to access market 24/5 not 24/7.
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Scalping is all about making profit in small amount of money and the frequency is faster, my first thought that broker does not allow or limit it because of their server cannot handle a lot of people that will doing scalping in relatively closer time. or the second because they are DD broker that aim to do SL hunter
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LOL Fx for sure and i think it will be why because of lower starting point, with fx you only need as much as $100 some brokers even offered lower minimum deposit, also i agree with myregister that higher volatility surely will help traders to make profit faster.
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Why Demo Account Performance Is Often Better Than Real Account Performance?
pepy replied to abdulla1's topic in Forex Newbies
Once again i think that is just our own minds,i mean in demo account we trade without burden but in real account we have full expectation such as making accurate profits which is actually nearly impossible, it is good to be flexible in real trading at least you will start to enjoy your trading and then you will find there are only few difference and not that big like this. -
Learning, learning and learning yes that is what we should do jim, but learning alone won't give much impat we must have desire and dedication. People trader in foreign exchange because of money then that is desire, they keep learning even in some cases falling(loss), they get up and that's dedication. If you don't have those two and just learning, learning and learning then you won't go anywhere.
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Can no deposit free money help you achieve success on forex ?
pepy replied to kaito kid's topic in Forex Newbies
First talk to yourselves is your trading good enough, i see many traders so confident with their skills and only find out they are nothing but lack of some or even many aspects in forex. The best is know and understanding our skills not the money we got even that is also important but what if you don't have good understanding and underestimate or overestimate your own skill? The result won't be optimal or your account will lost in few days. -
You are telling the truth it seems, but civil servant i think is not low risk but med risk business, it is all about performance and if your country is a strict one they may replace you with the younger or someone who are more dedicated. While in forex you don't have to worry about that kind of thing.
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I do agree that ECN is the best broker if someone want searching for a broker which offers lowest spread as possible, the compensation of that is comission but overall expenses still low especially if we compare it to another broker that is non ECN, the expenses in non ECN are bigger than ECN.
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@jimjones: I also agree with you 1:100 up to 1:500 is the good range for traders who want to trade, if you already have bigger capital maybe around million dollars, then using 1:100 is the best option to prevent overleraging with your bigger amount of capital.
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Wish that admin give some translation for this one This is really using russian language and very hard for us to invest. With 5% profit just in one day and our initial investment also returned our total return is at 105%. Pretty nice even actually unsustainable but i see for few days it will keep paying.
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Price is dynamic and we don't have doubt about that, it is really normal because forex itself is a dynamic market where a lot of traders could make more profit thanks for that dynamic movement that forex has for it, to me the most important part is how to deal with this dynamic movement.
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New is very important for traders, it is a real time data about how good one country economy with that you can make analysis and then make prediction which of course later will give you much more profit in future, as long as that prediction is right.
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Isn't this a bit over, i mean scalping means lower profit target but as novice trader it would be better if we learn all type of strategy and then choose which one that more suitable for us, you don't have to get it through just some basic.