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pepy
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Everything posted by pepy
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So far if you consistent with your trading i am sure that you won't lose anything, but not in consistency to lose, it is consistency to make profit. If you miss it you must change the way you trade because i do believe that there are much changes you should apply.
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Understand and able to implement it, understand doesn't enough if you cannot implemented in the right way. Well back to the bonus, i think bonus is still bonus with some limitations but if you are long term oriented traders this way could help you make much more money and not in short term but in longer term.
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LOL, there is a good thing first the market become more liquid and i am sure that gangster won't invest just in small dime, they prefer big one so they could wash their money faster than ever. Thanks to forex nature they able to do that, but the bad side is that the money won't pay taxes and also they prefer to find the loophole so the profit would be maximized.
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But it is not as easy as many people think the forex in fact become more and more complex considering that the sentiment in the market sometimes playing hard. One thing that you all should know here that simplicity is what we are looking for, but in my case sometimes simplicity doesn't help us at all to make more profit.
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So you mean we are saving the time by doing something like that? If that is the case i don't have any disagreement and nothing to argue with you. Yes, the movement cost a lot and someone need to remind it, if they must switch from one platform to the other make sure that the next platform is better in long term and has less pain cost to switch.
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Thanks for the remainder, in fact that is all kind of strategy requires momentum, i trade with use scalping also needs momentum to open and close the position. Basically if you want to all the things manually momentum playing the part. Swing in fact is one of them, you can say it is popular one alongside to beloved scalping.
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I get it forex is 90% speculation right? But you know that the stock price also not just driving by the fundamental sentiment but also because of the speculation in the market. FX in this case win because it doesn't have any kind of barrier which stocks have and also their marketing is worldwide which make them able to gather more people to join.
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Another thing which maybe you forget that to get rebate you must refer someone and that you refer must be active, if they are not active in this case just create an account and then don't touch their real account you won't get anything, if you want to refer someone into forex make sure they have interest with it and after that refer them through the program.
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Why do you think people are scared of investing in forex?
pepy replied to Levie's topic in Forex Newbies
It is either both myregister, forex itself scary to them or they are totally scared with this business, no offence to anyone but forex investing usually requires lots of money and if that lost you will be ready to put your neck on guillotine considering there are some investors who invest in forex but use their hot money. -
Should I put a lot of indicators on my trading chart?
pepy replied to flybiz08's topic in Forex Newbies
I do wonder why people still want to put so much indicator in front of their face, that is just overkill and also won't make you focus to your trading.Indicators surely help a lot of trader to make money and predict more accurately or to be a basis for the next signal which they could get. -
I don't think by using EA people will be making much more money and if this is true people in this world will change from manual trading to Expert Advisor as fast as they can which surely make some problem in future. I argue that EA is really good for people who cannot make much money from this business plus have huge backup from their side.
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Before you are going to check something like that please make sure that you know what you are doing. Not so easy just like someone can make money from small clicks. Forex is not for everyone so make sure you know what you are doing here just like what i said before. Forex for you if you know how to control the risk, by able control the risk you can survive better than others thus make you more suitable for forex itself.
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Sure control over trading is what i have right now, trade with control surely good since i know what really happen beneath my trading and i can take an action directly if something wrong is happening and i happen to be there. I don't against Expert Advisor but i prefer to have control for most of my trading for the sake of security, but it doesn't mean Expert Advisor is really bad.
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hone your trading with a demo account and a real account
pepy replied to rizal83's topic in Forex Newbies
If your broker is honest, i'm sure that demo account market will be similar, or to be exact reflected from the real market. Even your position and other thousands trader's position which they opened won't make much change but you still can learn and able to incorporate your strategy without any risk. So i see honing ability or gain experience without much worry only available in demo account. -
But do you really practice and learn from all of your activities as trader? Do you notice what's wrong with your strategy or your risk management? I know in demo account we can focus on something like that easily but how about when we are in real account? In real account only few traders who still learn, most of them pursuing profit and make sure to avoid lose as much as they can, but learning in real account while earning is also improtant to solidifying what you have.
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Yes, and this is why it is become more important for us to choose a regulated broker because of that risky issue, even regulated broker could play something behind of us. You're using illegal software? Bah, don't use it anymore. Trade and earn honestly, it will make permanent trading account banned stay away from you.
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Is that truly addiction? I mean if i keep doing this over and over again for the sake of get money then i'm addicted? So how about people who do trading in stock? or someone who sell their product in the market? They keep doing that over and over again and they earn from it. Well i think addiction is not like that, addiction for me in forex is when i can't trade with my head straight, when emotions consume me deeply and i can't think by my rational thinking.
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LOL this is totally right, with offline mentoring we don't have to think so much about bad or slow internet connection and for someone who live in a place where internet connection isn't fast and stable then a very good choice is by hire a mentor which can teach you directly, but as we all know that mentoring fee especially for the direct one usually higher than the one which online mentor could give.
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Pamm is truly a good way for 3 factions gain benefit from it. First broker, which means that they have chance to earn from more trading through spreads, Second Investor, which means that they have chance to earn from investment, especially if a pamm manager has a good performance and able to press the loss to the lower level, Third Pamm manager itself, which means that they have chance to earn without even need to spend money from their own pocket, they can use investors money to trade.
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Why Demo Account Performance Is Often Better Than Real Account Performance?
pepy replied to abdulla1's topic in Forex Newbies
Sure, i wonder if newcomers really know about this one, wrong decision means the impact is bigger and more than what we may expect before. Demo account on the other hand doesn't have something like this. All free, all virtual, and you don't have to worry about losing your money because you can create another one if you lose, it is just like you have unlimited amount of money. -
It was traditional or conventional job but right now it is not, i can say more modern but still if you prefer the old way you can phone your broker to order but i wonder if they will give you a competitive price. I think comparison with traditional work should be ended because forex is modern and it is different from those typical traditional works we know.
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On H1 chart, AUDJPY looks just formed a double bottom pattern and become the valid reason as an indication of reversal. Macd also formed lower highs indicated the reversal plus RSI(14) which just out from the oversold zone. Therefore, now the AUDJPY was trying rising and will likely be towards immediate resistance which is also a high level AUDJPY which it has yesterday at 77.505.
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Bullish engulfing pattern spotted on 30 minutes chart of GBPUSD and the price is also moving just above pivot line. Other indicators also in agreement that this pair is under bullish sentiment, RSI (14) exactly rose to level 57 while Stochastic (5,3,3) rose to level 52, Macd formed higher high. The bias is bullish and the prediction is this pair will going further so i will vote for BUY.
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On 30 minutes chart EURGBP saw the formation of bearish engulfing pattern for followed by the price which break the lower band and moving below daily pivot. The bias is clearly bearish and the price will fall further until NY session end. RSI (14) which become additional indicator support this with down movement to around level 47, while Stochastic (5,3,3) fall to around level 50.
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GBPJPY on H1 chart saw bullish engulfing pattern formed with the price is moving below pivot line today indicated the bearish sentiment. Other indicators seems agree with it with RSI (14) rose to level 49 and Stochastic (5,3,3) do the same and rose to around level 53. The bias is clearly bullish and the price may break the upper band today with the current trend.