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pepy

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Everything posted by pepy

  1. pepy
    @myregister I get what do you mean above, and i agree with it, but the scalpers love when the market is calm, right? That is when the spread is not widening and even small pips movement could brought much more profit from them, i see the biggest "enemy" for scalpers is spread widening which happened when the market is so much volatile.
  2. pepy
    But that is not the market we are looking for my friend, the only place where you can find fixed spread only in dealing desk broker where you must beat the broker who created the market by itself, in here there are already conflict of interest. Floating spread in fact reflected the real market when there is imbalance the spread will widening.
  3. pepy
    What makes it so confusing in fact demo online broker helps traders like me who need assistance to connect to the interbank market. They also play fair mostly but some are sneaky. Demo account contest in each broker are different, but mostly only pick up few traders who become the winner of this competition.
  4. pepy
    Well i have an account here, it is pepy and about the payment well that is slow but admin still paid just expect twice payment for each year, i mean you post here for fun and while earn at the same time, if you want to be a full time ptp poster here you won't get many but overall the service is good and admin is actually one of the kindest ptp admin out there.
  5. pepy
    This is true, many of us feel great nowadays because during the whole business days we can access the market without stop, as long as we have internet connection we can make trading at any time we want. This is different than conventional trading, where you must take a phone and call the people on the broker which takes lots of time.
  6. pepy
    I find it useful in some cases so not really garbage indicators for me. Technical indicators indeed one of the most common use indicator by traders , also thanks to technical analysis the market of forex sound more math rather than psychology. And the last part is to learn about technical analysis can be found on many good learning site such as Babypips.
  7. pepy
    And the place to turn your expert advisor for 24 hours, if you are using your own laptop or PC you must paid the bill so much for the sake of turning it for 24 hours. All people from what kind of background can use VPS even newbie in forex, as long as they able to operate VPS and able to install the Expert advisor inside.
  8. pepy
    So New York session is the best session? Well to someone who prefer to trade with currency that has USD on it like AUDUSD or EURUSD then that is the best session but cross pair trader also prefer other sessions. All major currency's session has its own advantage and when it comes to overlap session trust me the market make a great movement.
  9. pepy
    As long as you able to control the emotions which coming up into your own heart that is better, because forex is for someone who is composed enough even they lose few times, also know the right time to recover. This is good for patient person who know what to do and doesn't dragged into the sea of emotion.
  10. pepy
    Not easy for sure but still not impossible, compared to the traditional work foreign exchange is more flexible even yeah not easy, it has flexible time hours you can trade tonight or tomorrow morning, all the decision is up to the trader also it offers various way to earn with not just one single way.
  11. pepy
    I don't think the act of addicting to foreign exchange is a good idea for traders, that is so much hard for many traders to get out from their addiction to foreign exchange, it need systematically step for traders to make a single deal to out from this business, and as far as i this addiction usually have a bad outcome.
  12. pepy
    I prefer to have a good and experience mentor which really understand about the way i trade and could guide me at least until i can make money by myself. However that is just a dream, right? I learn by myself but actually mentoring is necessary to some traders but not to all but once again it is good to have a good and experience mentor to teach you.
  13. pepy
    And also the profit where that profit cannot exceed our expectations. The process to be a good trader requires more efforts from that trader itself. If you want to be a better trader then spend time for making it true, either by trade in real account or in demo account. Also if you expecting trade without loss i can guarantee your earning wouldn't be so much big.
  14. pepy
    Well, the possibility for this issue is always exists, we can find a lot of story which talked about this issue. Based on my own opinion, trading without emotions would give us better advantage to control our trading and make more profits from it. In my own eyes, that possibility always exist, if robot can do that then human can do that thing too, even we can't we can trade to where the point where trader can control their emotions.
  15. pepy
    It is simple, from the very start of this thread and until now the reason why traders encounter loss is because of theirselves. They simply make a wrong decision, out of their reach. They simply don't have knowledge to avoid that, or truly cannot avoid at that encounter. In the end, we must find the root and fix it and the most important one is to recover from it.
  16. pepy
    @myregister : I also think the same floating account is the best account for trader to have. It is the only account where it could reflected the real market value through various liquidity provider including that broker itself if the broker was big enough. Fixed mostly or all of them is clearly dealing desk, you face against the broker who create its own market, this is why the fees for each transaction is the same and usually very low.
  17. pepy
    If we have real bonus that would be good, the trading would be easier but that is only when we have it, In fact bonus must be coming with something as expense and usually is when you invest such a huge sum of money. I rarely see a credible broker offered bonus for us but once they did it, then it won't have any hidden terms.
  18. pepy
    If a trader want to trade for the first time, i recommended the demo account first. A very good place for someone to trade for the first time. The profit is not real so it means even you get profit you can't withdraw it but the loss also is not real so when you lose, you lose nothing. A perfect place for new traders who may make more mistakes than the right thing to do.
  19. pepy
    Well i don't know what is going on here but the contest will be the contest, it is not like the real trading where you make profit then you can keep the profit for yourself. In contest it is not like that you can't keep the profit and only few traders who can win the prize, even the prize amount is high but only like 3-5 trader who can get it.
  20. pepy
    Emotions are bad for traders, just a bit of it then you become bias and all of your analysis would result into something bad. You cannot focusing yourself, you will lose more than before. This is why you will see that fx robots performs better before and after trading. Even they lose they won't be furious and make money without thinking about it first.
  21. pepy
    That is a good attitude and in long term they will change the way they trade and i absolutely think it is good for them. Newbie in the end must not should, they must earn if they want to prove that they are a successful trader and upgrade their skill into the next level. This is some kind of test for them but a very good test.
  22. pepy
    @uncle gober : Exactly once? You mean So True or Absolutely Right, seems like a google translate to me. By the way, using EA doesn't mean someone doesn't have much ability to trade but you know that EA works very well right now, with machine learning which i've been reading for few months ago may change the way robot works right now and gives better result with less losses.
  23. pepy
    Uncle gober actually there is nothing wrong with scalping and people don't have to worry about making money with it, it is legal strategy but some brokers don't like it because that is a rapid profit strategy and usually a broker who rejected scalping and doesn't allow their clients to use are scammers or bucketshop brokers.
  24. pepy
    To minimize the risk and also to make your capital intact without unecessary losses and thought. Money management in forex is playing important part since traders will think much of it especially when you want to take a decision to spend 1/2, 1/4, or even 1/5 of your total capital to open a position. If you are smart enough, it will help you.
  25. pepy
    Open to many but not suitable for many, this is a high risk business despite of its openness but forex carry bigger risk than other kind of same business. I advise for you to think twice before going into foreign exchange, since it could probably let your own account lose more money.
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