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pepy
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Everything posted by pepy
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On 1 hour time frame, EURCHF is currently moving down to the new level at 1.08106, MACD signaled that the market's price has reached the saturation point, it is estimated the market is still going to move up to the level 1.08180 or even more besides this movement is supported by the Super Trend and the Parabolic SAR both of them showed weak bearish sentiment.
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AUDUSD is currently moving down to the level of 0.75595 on 1 hour time frame, MACD signaled market price still has a strong downtrend and Parabolic SAR is still bearish with support by Super Trend and the 28 EMA is still bearish, the market as it is expected to still be moving down to the level of 0.75396 or even to the lower price level.
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Gold on 1 hour time frame is moving up still even near the end of Tokyo session, but this bullish trend maybe just limited trend because KDJ indicated the price is moving near overbought zone. MACD is still good with higher highs. With the price is nearing MA at the same time then it may have potential to break it and rise up to 1352.66
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USDJPY on H1 chart formed bearish engulfing pattern followed by bearish trend but it seems its going to be weak now. Most of the indicators such as RSI and SuperTrend are showing bearish sentiment but MACD is holding itself with higher low and Stochastic is in the position of bearish. I think this pair is getting slow, so i put the prediction for USDJPY will be bearish limit at least up to New York session.
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Silver on H1 chart get some boost in this session, so far since the opening bullish keep dominate the market. SuperTrend and EMA28 considered to be bullish even quite early, MACD forms lower high, while Stochastic rise to 65. There is bigger chance for bullish and the target is at 20.543 in this session.
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USDCHF on 1 hour time frame seems under bearish pressure thus pulling the price down to level 0.96698. Parabolic SAR gives indication that the market will turn down and rise to the higher level. Other indicator such as MACD and SuperTrend also give the same indication only RSI which different by fall 10 points so far. For now i think the price will fall but later will back and climb up to 0.96830
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On H1 time frame USDCAD is facing bullish trend on Tokyo session, all the indicators showing the same signal without doubt. MACD forms higher high, Parabolic SAR and EMA28 is strongly agree and not to mention RSI and Stochastic also respectively rise to level 30 and 46. At the current condition USDCAD may rise up to 1.31084 before start to consolidate.
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Moving Up and Down without much control indicated that neutral stance of this pair is clear, not to mention on H1 chart the indicators also saw the same trend. EMA28 is neutral while MACD forms lowers high and RSI is falling, but Parabolic SAR is falling followed by Stochastic which is hiking the chart. So, overall the trend of NZDUSD is sideways.
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Well it is quite hard since trade means you must put something in the line or to sacrifice your money by take lot. There is no other feasible way to eliminate but to reduce the risk there are a lot of it and that is another story. My best take for this one is to reduce not to eliminate because it is actually impossible and if true will make forex less interesting with very small profitabilty.
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Yes, the risk is high for them since logically long term trader willing to sacrifice bigger pips in order to get bigger pips, right? 30 - 40 pips still low enough. I know there is first time for everything and this is why a newcomers should think before start to do that, is long term good enough for them. At least if they trade in demo account they should see the result, which long term is suitable to their type or not.
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Yes, what else you know that broker has that kind of broker which makes me thinking twice before switch to other brokers, my broker now is not a dealing desk. Forex up to now still one of the best field to spend my time with. Forex is more volatile and has better liquidity rather than stock, and its capitalization is bigger than stock which actually centralized.
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As trader who use fundamental analysis, it is all depend on your strategy but i see there is no point to trade everyday, i just want to trade when the trend is clear not semi clear or not even clear. If the latter happens i will just look at the chart for few minutes and then out from the termainal. If you can't make chance then just wait the chance, there will be at least one chance in a month.
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Okay it's already out of the topic. Make a living with forex needs some expertise also experience. If you don't have that i am sure your earning will be stagnant or worse you cannot make any profit. While demo account could help you but the real things which testing are you good or not is happening in real account.
- 305 replies
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- life vs forex
- discuss life vs forex
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Broker get the money from spread or from the other sources. Actually it is the service which make broker able to sustain and give some profits to their stake holder, and after that they may expand thanks to those services. Spread is actually fee for the service which broker offer when it acts as middle man to clients(traders). This is not DD broker but NDD.
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Not just you but for most of the traders who have capital below 4 digit dollars or euro. I still struggle now trying to recover and also make sure that my capital could reach 4 digit first by add some from my other income in offline world. But to be exact $1000 per day is possible if you try to make an average of your monthly return, if you earn around $30000 per month then divide it with 30 days is equal to $1000.
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Should Forex Brokers Accept Bitcoin or other cryptocurrency?
pepy replied to bloger90's topic in Forex Newbies
Cryptocurrency in fact is unique and nice payment processor for foreign exchange even i must admit that it is currency not processor. The best thing of having Cryptocurrency is the anonymity and very low exchange rate and if two side want they could eliminate the fees issue. Basically BTC and Forex are nearly the same with its capability to process the order. So in theory it is possible for broker to accept BTC.- 54 replies
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- Bitcoin in forex trading
- Litecoin in forex trading
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As far as i know Euro is one of the strongest currency compared to USD the first is Oman Rial. It still strong against USD even at the moment we see overall EuroZone is in weak growth and even some countries there see its GDP falling down a bit. Nevertheless, EURO still available in many exchanging site, means the demand still high and the strength of EUR still good.
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If you don't think so much about sit in fron of your computer for a long time and don't mind with the earning, i mean you will earn small here then try scalping. Usually you just need to monitor for one position around 15-30 minutes at most, but i doubt you will see that because before i scalp too and only spend 5 minutes or 10 minutes to close the position with 5-20 pips target.
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Forex surely has more advantages rather than other business but never forget that forex also is dangerous, forex also has bigger risk which one must bear in order to gain profit. This is not for kids, forex is for someone who already know the risk and want to bear it. If your reason is to make profit without any pain i suggest find another job because it is not suited with yours.
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Take profit without doubt is a worthy feature but how to optimized that is different story. Take profit is a good feature many people use it until now because of its capability to lowering the risk of one trader so they don't have to let emotions to take over when their profit is high. Basically TP is automatic cut profit, more precise and faster than manual cut profit.
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But that is what gangster did this is the matter of fact. Not just gangsters or mafias but also some politician do the same thing. FX is so much open yet anonymous at the same time. I don't know who i trade with and this is a good place for people to do money laundering, the best thing government can do of course by prevent this ill mannered people to enter and start their trading.
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Fixed spread is impossible if that is non dealing desk. Broker is not the one who control the market even maybe try to influence the market but remember FX market is so big so its influence maybe so small. If DD broker it is clear they have influence to change the price and able to make the price spread stay at the same amount.
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Why do we prefer the forex for the stock market
pepy replied to rockstar's topic in Forex General Discussion
Yes it has more liquidity, also forex has bigger capitalization rather than stock. People love stock because it is all about company, people still speculate but even the price of one share is down it doesn't mean their performance later down. Also in stock a trader can earn from their speculation or from the share which they hold for quite long time. -
Can no deposit free money help you achieve success on forex ?
pepy replied to kaito kid's topic in Forex Newbies
It is not about train yourself but how much you could make from it. This is serious thing because we trade in real account not in demo account. If you want to train but without any risk then demo account is the most suitable place for that. Not to mention with demo account one doesn't have to worry about losing since that is just virtual account and more feasible to that kind of activity. -
If you have lower capital higher leverage is the best option but once again it doesn't mean you can use your leverage without any stops. I do recommend you to be wise when use your leverage. Using it too much may lead yourself to your demise and your account will be burn in seconds, since In FX we use higher risk to get higher benefit.
- 247 replies
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- leverage in forex trading
- Is lower leverage good
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