Jump to content

Exchange Blog Cryptocurrency Blog


All Pips



DMT Advertisement Details

pepy

Member
 View Profile  See their activity

  • Posts

    11,503

  • Joined

  • Last visited

  • Days Won

    5

 Content Type 

Everything posted by pepy

  1. pepy
    The classic one but the newest one right now is using PoS, the more ether you have then it would be good for you because the more chance you will get bigger ETH. Also it is common option to let your wallet open for 24 hours and it doesn't need any kind of mining which requires more power than PoS.
  2. pepy
    Greed is the number one but i think you cannot leave your greed, you just need to regulate it just like the other emotions you have. Just like having fear in controllable manner will help you to know when to retreat/closing the position at the right time, it makes you realistic.
  3. pepy
    Somewhat luck for sure but never depend on that so much. Just depend on your experience and the education/knowledge. If you have both, the tide will turns towards your favor. So it is better for trader to focus on the race to gain knowledge and then turn it a valuable experience.
  4. pepy
    You still can use both and even good to add sentimental analysis. It is good to see how to gauge the market's liquidity and how it react the news. It will increase your chance to make profit even with technical or fundamental analysis alone, it takes time for sure and there is no guarantee you can make profit for 100%.
  5. pepy
    I do agree with both but i see that discipline is playing the most important part here. Disciplined traders is easy to separated from traders who lack of discipline. Just see how much profit they made per month, you will see discipline trader will make constant profit, it doesn't meant they don't lose for one or two tradings but they still able to recover.
  6. pepy
    It is a good idea to create a journal, i think trader will be so much helpful with the strategy like that especially someone with bad memory. But in here i think trading with forex gives us more flexibility, the way we want to approach profit is all depend on us and we can use wide and various indicators to help us.
  7. pepy
    About stop loss hunting, as we know that is a pretty bad practice with many of disadvantages go to a trader who get that unfair practice. In the end, especially in long term i don't see any benefit why a broker apply this strategy, and if as trader you find a broker which act like this, leave and spead this unfair practice.
  8. pepy
    When it comes to between forex and traditional works, forex has its own advantages which makes it better than traditional works(in this case 9-5 works). It is more flexible and guess what? you can be your own boss and you can earn more than your current boss but with bigger risk and bigger capital for sure.
  9. pepy
    SL and TP are just tools to limit the risk and not to reduce it at all. If you want to eliminate the risk, the answer is pretty simple and straigthtforwards, DON'T TRADE. Trade in forex means the risk, opening a position and close a position also included. We speculate on the market and not for investment.
  10. pepy
    Risk is risk, no matter how big or small that is still traders need to be careful when taking a risk. The higher rewards in foreign exchange the higher risk will be, and this is a normal matter. If you all cannot take a big risk then don't take it, i think that is not worthy for your own life too.
  11. pepy
    Sure there is first time for everything but it would be good if a trader find out what kind of strategy that suit them most. Not all newbies are really good with long term trading. Some of them even have better understanding of short term trading, but it doesn't mean newcomers cannot try long term trading, i'm all about options here.
  12. pepy
    Learning from our own mistake is not a bad idea, all traders around the world surely will do the same thing. It is like do a review for each of our trading's result. Mistakes like overconfident, greediness, miscalculation, wrong prediction, and so on is the most common mistakes which trader still try to avoid at all cost.
  13. pepy
    Hm, indeed because it means that our limited hasn't been lifted by our knowledge and experience. To lift our limitation we need to trade better, and gain more experience. After this all end, we will feel that foreign exchange is not as hard as we used to think, but still require some efforts.
  14. pepy
    Yes you need to understand and gain experience, learning is quite simple, i think that is just tedious task but gaining experience when trade in demo and real account is different deal. Aside from it waste a lot of time, it also need better concentration so you can learn a lot better.
  15. pepy
    It is actually quite hard by using your example to know if you are the victim of stop loss hunting or not, but it would be good to have more than one broker's account and compare the price, SL hunting happening and there is some kind of anomaly with the price. For example: one broker's price quote is rising but that scam broker's quote is falling and touch your SL before start to back at certain position.
  16. pepy
    Yes it is the truth. All about the control and no more if we talk about greediness but still not an easy task to do and it is better if trader start from now to learn how to contain this emotions, based on some reports and also experience from other traders controlling greed is rewarding task especially in long term.
  17. pepy
    So it is way we should open an account, preferably demo account because using demo account we can learn without any kind of risk. Scalping in this case also requires experience no matter what and a trader won't be proficient just because they read other's people experience or a blog that talk about scalping.
  18. pepy
    This is stop loss hunting, a practice which comes from almost any dealing desk broker especially bucketshop. Stop Loss hunting is pretty bad practice where your SL is their target. They want you to lose money by targetting your SL as good as gold. Many traders despise this kind of practice in a broker.
  19. pepy
    There is no correlation between mobile phone and management of trading. I myself see that mobile phone advantage is that you can trade anywhere and anytime, there is no limitation as long as you have wireless internet connection, and even i seldom trade through mobile phone nowadays this feature is still worthy.
  20. pepy
    Well to some people said here that binary options are contracts with fixed risks and fixed rewards. In binary, the trader must decide whether an underlying asset, such as a stock, a commodity, or a currency, will go up or down during a fixed period of time. Pretty similar to foreign exchange isn't it?
  21. pepy
    But what they can do? MT4 is good as it is and even able to compete with MT5 in many factors. MT4 just need to find some bugs and fix it that's what they do. Well, do you know that finance companies need more of the stability compared to innovation? MT4 just works and stable platform make it easier for financial institution such as fx brokers.
  22. pepy
    Therefore with the 2 parties who try to make transactions then the forex can also run right? Basically the forex is 80-90% is market speculation, the trader buys or saves money and then sells it when the price goes up, and this is also through the bid process. Overall it is about the transaction and speculation on the market through the eyes of traders and big institution.
  23. pepy
    Then don't earn as trader there, that is the problem with a lot of people who want to earn money from stock, they want to earn as trader but they don't want to earn as investors or through passive income. Not all companies share their dividend each year but you will find some stable company that will do that and i suggest to buy lots of their shares.
  24. pepy
    That is why we need risk management isn't it? So when that time is coming we can reduce our losses chance to its lowest. I also wondering about this issue, do Soros stupid enough? or other big traders stupid enough so they lose? Of course not, to me market is so big and all we do are to predict the market and speculate on it, so make a mistake is possible here.
  25. pepy
    I agree with what you said before myregister. In addition, hedging also helps a trader to lock in the current position, and if that is profit then a trader can do "profit locking" where they can use that profits in the long term and to recover losses in other trading, is perfect for long term traders.
×
×
  • Create New...