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pepy

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Everything posted by pepy

  1. pepy
    Stop loss still a good tool but the technique is pretty simple, just set SL amount and done. Actually not really technique at all. And, yes when we use carefully and wisely stop loss will be one of the best feature we will have, our trading will become better since we can reduce the risk more.
  2. pepy
    Being non pure fundamentalist i feel that trade through fundamental only way is not really good you miss the point or advantage that technical analysis will give to you. Being pure technicalist also isn't good at all, because this is decentralized market not a centralized one where you can simply predict it through technical issue.
  3. pepy
    Bitcoin surely keep rising and may touch 2000 dollars next year december if nothing happens, but the price sooner will fall near the limit of mining. BTC in fact a currency with limited amount of money and less than USD but still a good currency for someone who wants to avoid taxes in their country.
  4. pepy
    But you have both of the position, the one with positive swap and the one with negative swap, so as long as there is no negative rate for both currency, i can say you are pretty much safe. Hedging is not subsitute for Stop Loss, but it is one of the best complementary for it.
  5. pepy
    The key in forex is not just making money but also how to reduce the risk, it is common knowledge to all foreign exchange traders that we will never make profit every single day, or forever. Sometimes we lose after one or two profitable trading. With good risk management our loss still lower than our profitable trading.
  6. pepy
    Trading with 5 or 6 inch is good, most people right now also i see do their works through smartphone. It is not as big as computer, i mean laptop and desktop, but it is okay and for someone who want to spend their time out there, which means they are usually not at home, mobile phone or smartphone trading is the best solution.
  7. pepy
    In learning phase all people are equal to the others, all are newbies and we learn together, that's including for someone who prefer long term trading. For me, it is not a big deal for newbie to learn long term trading, but we need to know that it needs patience and not just accurate analytical skills, you also need to estimate how big losses you can afford.
  8. pepy
    I agree, to become a better trader and to know is forex a better business for me or not we need to do some kind of evaluation to our trading's skill and history. Let's see if our trading is getting better and to fix our weaknesses. But one thing that i know forex doesn't made for somebody who easily giving up.
  9. pepy
    Hm, and it said that fx is a money factory business for some people. It is hard to maintain consistent profit and not all of traders able to do that most of us is very dynamic. I think only experienced traders and with a good proper risk management which able to handle that and turn fx as "money factory".
  10. pepy
    So what? Forex will be risky as what i ever know, many people will struggle into it, why? Because it is lucrative business at the same time, imagine with 1 lot size you can get $10 per pips and usually the market everyday in normal business days moving between around dozens to hundred pips. Just say you get 30 pips, it means you get $300 for one position in one day
  11. pepy
    Everyone can suffer losses, it is common knowledge for all traders. What we need to do later is actually to reduce the risk or this loss so it won't leave our account in margin call state( a state which all traders wish to avoid at all costs). Proper Risk Management and Profitable strategy will help us to reduce the risk.
  12. pepy
    It is not just about that but it is about a tool called take profit which embedded into your trading platform. With this tool you can reduce the unnecessary losses and able to take profit automatically. It means that there is nothing about human intervention, all automated. This tool also used by robot trading.
  13. pepy
    If you want to improve your trading skills which in this case analytical skill or risk management, then demo account is the most suitable to learn. Make sure you able to get consistent profit for 6 months. If you able to do that in demo account, i am sure you can do better in real account and able to avoid any minor yet unnecessary mistakes.
  14. pepy
    Not stop loss feature, we are talking about here but the practice of stop loss hunting. It is unethical practice where you lose your money because your broker is against you, it seek for your SL, so when you put your own SL it will be executed as fast as possible by them.
  15. pepy
    Thanks to leverage we can trade like what we are right now, and actually if we are wise when it comes to spend our leveraged money, we can control the risk well and in the end will give us better profit, well as long as you also have a profitable strategies to use.
  16. pepy
    Take Profit, Stop Loss, and Trailing Stop in all cases. 150-250 pips(in 5 digits brokers) trailing stop. Take profit is worthy as it is automatized my trading and i don't have to keep monitoring the market over and over again. Its execution is at best, since my internet connection is not that fit for the whole time.
  17. pepy
    It is like one of my friend but to me fundamental analysis still play major part and the reason why i enter a trade because fundamental, technical as the way to check the correction of the market and how to handle take a better position when i decided to enter the market/trading.
  18. pepy
    Dealing desk is actually pretty risk business for brokers around the world, they must against their own client and at worst people will think bad at him because in most of trader's mind broker is our friend, as middle man that gain benefit if we win a trading.
  19. pepy
    If you are short term trader like scalpers who need to close position as fast as you can it is possible to use take profit, but manual cut loss is effective there too. Take profit is worthy for all traders to use and it is even better for long term traders and a trader who don't want to keep monitoring their position every time.
  20. pepy
    In the end i think that foreign exchange will be still lucrative and of course more popular as long as the market stay like this, what i see in future maybe that we will get one or two more currency with higher liquidity to trade, i see that maybe CNY and INR or BRL.
  21. pepy
    But it doesn't simply mean long term is good or bad for newbie, because this is a subjective view. Long term trading is good for newbie because it will teach them to be patient and earn bigger, but it also means that trader must have far insight, not like short term and for newbie to have deep insight is rare and hard thing to do.
  22. pepy
    If you have a calendar, i think you don't need news station. Basically, we are looking for the momentum even yes it is all based on the long term trend which decided by the result of the news which is the main core of fundamental analysis, and by combine both you fundamental and technical you can see a straight point to open and even close the position.
  23. pepy
    @gaban : And this is why you should take the risk you only able to afford, forex as high reward business should have its high risk. Most of us in foreign exchange is purely a speculator which will make the price volatile as much as it can be. As speculators, you need to weight the profit risk ratio in order to make optimized trading.
  24. pepy
    Skill or Ability to trade is something that will become a crucial point for us traders. It affects personal life, and as we know forex as our own mai income will give us a better view of what should be happening towards our life especially if that is the only job we have at the moment.
  25. pepy
    For someone who do believe that bitcoin price will keep rising without any chance to drop? For sure yes. I see that next year the price still able to rise, the problem is the cap. I think when it reaches near the limit it will start to show a signal to keep falling deeper and it is not good for those who speculate isn't it?
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