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pepy
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Everything posted by pepy
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There are some of them which are post chaser here dude, be careful with them and until now they are still getting paid by admin, before some of them got punishment with their post get reset by admin, i think that is a fair punishment so he/she can create a better post.
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Digital Cash Palace Forum - DigitalCashPalace.com/forum/
pepy replied to ghaffarahmad's topic in Get Paid To Post
I don't know what is the reason behind using Avatar but it seems admin have something behind it, but i don't think that is a big matter for 90% of posters here, right now i need about more than 10 posts(around 12 posts) before i can reach cashout here. -
How Long Do you spend in Trading Fx Daily?
pepy replied to Aikhen's topic in Forex General Discussion
Spend much time in forex trading could be worthy if you earn about $1000 per trading, but i think if you are not it is better if you limited your time and only trade in the right time so you can earn effective amount from it, based on my own experience so far i usually spend about 3-5 hours per day for trade in forex. -
@standart: not, with scalping you will be targetted small amount of profit and also small losses, so the thing like loss are bigger is nonsense unless you trying to hold your position for quite long time in volatile market, if you really ever done scalping before you must be know that aside from targetting few pips of profit traders also aim few pips of loss.
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Technical or Fundamental that you like more?
pepy replied to andry777's topic in Forex General Discussion
In my own opinion i love fundamental better than technical analysis, why? it is easy and also even not predicted market for 100% it could be up to 90% if you can trade only in the right time, Fundamental analysis also based on previous data that released and you can trade only twice in a week or even once. -
How do you trade the news in forex trading?
pepy replied to asiaforexmentor's topic in Forex General Discussion
@standart: the small maybe yes, but for medium impact i still take care with it, especially where there isn't other news for 3 hours later, the movement is usually around 30-35 pips totally, so i just targetted half like 15-20 pips only, it still works even not 100%, i also agree a big impact news is totally awesome indicator for fundamental trade just like NFP, but remember in december and january market is harder to predict and it happen just like previous NFP news. -
What risk management strategy that you used?
pepy replied to andry777's topic in Forex General Discussion
I only want to risking 5% of my capital in one trading, that is as much as i can do, but usually it is around 3%-5% per trade or per position, and i using 5% when it comes for the big news such as NFP or GDP news so i can grab more profit while can hold the big loss for a while. -
how do you decide to open a position?
pepy replied to ermaniso2011's topic in Forex General Discussion
When i want to open a position, i will look at the news result first, is that really good or above the expectations or even below of the expectations of all traders, usually this will be affect the sentiment of the market greatly and of course i will open position to buy if the result is good and sell if the result is bad. -
Compounding is important for traders to increase their capital amount, with this way traders become easier when they want to extend their own lot size in order to increase more profit, this way also good for all kind of traders and until now still used by all kind of traders.
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each trader have their own target, some traders maybe only prefer 10 pips per day or 20 pips, but for me i don't trade daily so i will answer that i don't have daily target but i only have per position target. Well, each position that i trade i hope to get at least 30 pips depend on the news that released by market, so if that is NFP or GDP news usually i will set more than 50 pips target like 60-80 pips.
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It is hard to choose both of this business but right now my main income come from forex rather than HYIPs, since forex is more promising rather than HYIPs nowadays but i still have plan for HYIPs, i will use it as the extended version of my income, after i get stable income from forex. so i choose both of Forex and HYIPs.
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LOL, i ever did wrong prediction and that is not as much as profit i made, so that is why it is important to set SL always, so if something happening you still can grab profit and make a lot of money. Just to remember that our prediction won't be always 100% true, with fundamental ways you can make a right prediction up to 90% but usually around 70-80%.
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Technical or Fundamental that you like more?
pepy replied to andry777's topic in Forex General Discussion
Right now i prefer fundamental analysis which based on news rather than technical analysis, no hurt feeling but according to me that is more make sense when i trade with fundamental ways, i also proven by myself that news is the one which have great aspect aside from market sentiment that move the trader to buy or sell the currency at that time. -
Unpopular pairs have higher spreads, and i think it is better for me to stick with the major pairs right now, since i am making profit right now with those pairs, not with that exotic pairs. Honestly exotic pairs is harder to handle rather than popular and major pairs.
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Thanks for the list and i am sure that is so much helpful for newbies that just start trade in forex, but for someone who gained experience in forex even only small experience, think this way won't work for them, anyway no deposit bonus is really useful for some traders to extend their own capitals to the more and also will increase their confidence because of more deposit that they get.
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Totally important, i don't know if you think that is not important but Conceration in forex is really important and also it is one of the basic thing that each trader should have so they can reach more profits, there are many factual thing that we can look outside that mostly trades cannot make a good profit and make more loss when they are not concetrate with forex
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How much capital that you used in trading?
pepy replied to andry777's topic in Forex General Discussion
Right now i using $500 as my capital, and because i think that is decent amount for my next stage of trade so that is why i choose it, actually you all can start as low as $100 but when i was started forex i use $200 and in less than 2 years i already compound my capital while at the same time reach BEP of my trading -
You repeated it twice, in fact that is truly like that with so many risk that forex has this business also offering higher return for traders that can manage the risk well, anyway i don't see any reason why we shouldn't say that forex as low risk business, we also can see that is because of leverage, lot that we use and volatility that happening in the market make forex become a risky business.
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Did Greed for Trading More Return Loss for you?
pepy replied to kiranchandra's topic in Forex General Discussion
I ever get MC once when i controlled by greed, and that is not a good feeling that i must be proud of, i think that is as the one of the best experience that i ever got in my career as forex trader, and all trader shouldn't do something like that greed that uncontrollable will make trader loss easier. -
An alternative to forex is so many, first HYIP but i am not sure if all of our fellow here really attracted to it then second PAMM, the concept more like HYIP which is all about investment, but we invest our money through manager which manage our money in Forex, Third, Stock this is one of the hardest not because of the volatility of forex but in here there are nearly no leverage, and if there is a leverage usually it is very low, and it need big amount of deposit more than Forex.
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Forex could be a main job for trader no matter how much we look at it, because this job's prospect is really really high and can lift your living standard, if only you can manage the risk well. Aside from that thing we already see there are a lot of full time trader that earn money constantly each month.
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I Think Forex is Just Gambling , Do you?
pepy replied to kiranchandra's topic in Forex General Discussion
This is actually a quite complex if you ask me, maybe you should change your mindset, why? if with that mindset it just same when we talk about other business, we can put them into gambling section if we want, because we need to wait our turn to come one and get paid, is that clear? for example: become the owner of a company in stock, you need to wait for your turn to come on(usually about 1 year) and you will get dividen. -
forex is a business online better than other online business
pepy replied to andisatria's topic in Forex General Discussion
Forex is not even better or worst rather than other business even for offline business. The difference is coming from the way we doing our jobs and also the risk and return that forex has, from my point of view, online business like forex is a high risk program and also return high profit also if we can manage the risk, so don't compare it. -
What do you think about free deposit from broker promotion?
pepy replied to kaito kid's topic in Forex Newbies
Free Deposit is really good but never attached with something like this, if you ask me that free deposit only for newbie that still don't have much bucks, and if you see a broker that regulated by a strict regulator they will rarely give free deposit to the trader, they may give it but only if you make deposit in a big amount too. -
i do believe that live mentor is more effective when we want someone to talk or fastest solution to our problem but the other problem here is the price is usually very high if we compare it to online mentor, and i think this is not good for someone who don't have much bucks