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pepy

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Everything posted by pepy

  1. pepy
    Not that necessary especially if you don't have enough money, no one can force you to afford mentoring by someone. Have a good mentor will lead to a better trading in the future, and the better one is that traders should be able to adapt in many conditions even if they are self-taught traders.
  2. pepy
    For USD based news, i think it rarely disrupt my sleeping time, usually news coming out from 08.30 PM up to 11.00 PM. So, i sleep mostly at 12.00 PM. It doesn't affect me a lot, but for traders who live in different GMT line, they will find it is hard to trade USD news based which actually give big impact to the market's volatility.
  3. pepy
    I agree that foreign exchange win here when it comes to working hours where it has longer working hours compared to stock. Forex also as you said before has lower minimum deposit which means automatically lowering the barrier for nearly all kind of people to enter the market with smaller deposit.
  4. pepy
    Safe? Like what? like what happened when there are hackers who stole BTC? It is not 100% safe and also you can simply avoid taxes with BTC makes it a good place for some entrepreneur who want to save their own money from strict government who love to tax higher.
  5. pepy
    I don't trade there anymore and basically that is still as risky as foreign exchange. Bitcoin Trading is a new niche on the market and many people love it, but it is better to do a test or if you want try to search for one hour, some reviews about this CR's credibility. So far no complaints i found yet.
  6. pepy
    Sure, some people lose some people win. This is just the way of the world and forex also with the uncertainty of the market itself nowadays because of relatively volatile political issue makes them market not really welcome to new traders. In the end, fx is all about speculation and not everyone can make profit.
  7. pepy
    Long Term trading for new traders? That is possible but hard to do since mostly new traders want fast result which they can see and this is something you cannot achieve with long term strategy such as turtle trading or even swing especially the big swing. I think the end result is very rewarding for them.
  8. pepy
    That is rarely to happen, if you only depend and believe in luck you won't go anywhere and making money from this business. Focus on your experience which i am sure will give you some set of skills. In near future, you will see that experience will play a lot of important part of your trading.
  9. pepy
    I got better tips here if you want to trade just trade everyday without stop in demo account, if you are a fundamental based trader keep trade during news such as USD news based or GBP based news, keep doing that and see what is the result also try to analyze the market's value to make you a better trader. With that trading everyday won't be such a big issue since it is a demo account based trading.
  10. pepy
    Who said that we can really trade with emotion? That is bullshit. We cannot, we cannot eliminate this issue. We just can control the emotions not to trade with it in literal sense. If you learn from your experience you will see that controlling emotions is not an easy feat to do.
  11. pepy
    If you simply cannot become a fighter in foreign exchange then forget about making consistent profit and earn from foreign exchange. It is a risky business that could trap a lot of traders into vicious circles with the wrong brokers. Moreover, in order to survive you must have some kind of good mental capabilities.
  12. pepy
    You are talking about a so called regulated dealing desk broker. To be honest i never trade with it. The manipulation of course is exist and many traders admit it , that they keep trade in dealing desk broker/ account because of lower fees even it is manipulated account, so this manipulation for the sake of brokers too.
  13. pepy
    Compounding is okay, and i disagree with you everybody is actually able to do that, it is just the matter of willingness will you want to spend your bucks that you may recover your investment. If you able to maintain it your account will increase exponentially.
  14. pepy
    To achieve better income is easier rather than making consistent profit, just like other thing to sustain ourselves in forex requires more efforts but if you already getting used with it, then it won't be such a big deal. So i agree with your latest statement, the more you trade the more you able to be consistent.
  15. pepy
    Yes, i agree with you forex is one of the most suitable place for making money for some people not for all people. If you able to bear the risk and want to earn with the risk that is okay. I don't know where forex is art coming from but i must admit some people invented good idea and strategy through technical analysis and i can say that is some kind of arts.
  16. pepy
    You're wrong in this case dude, demo is not the best way to earn money since as far as i know the only way to earn from demo account only through contest. Demo is the most suitable place to do an experiment about trading strategy or the place for newbie to learn about making money in forex.
  17. pepy
    I think that the real strength of Euro because of the citizen in those places have high purchase parity compared to the others. But overall because the support from countries such as Germany or French. Some mediterranean countries are okay such as Spain or Italy which before in 90s well known as miracle economy.
  18. pepy
    Yes you mean with small capital, right? That is good if you have small capital but you cannot make much and your earning through forex won't be much effective compared to when you have a lot of capital in your account where you can grab bigger lot size and make much money from it. But for newbie, mini account still good for them.
  19. pepy
    NZDUSD still have bullish bias considering that the price right now is above SMA80 and pivot line even try to test the first resistance line. Buy potential also hold its place since Stochastic and RSI observed to rise above level 73 and level 55 respectively. According to the analysis, NZDUSD predicted to be bullish with resistance at 0.7200.
  20. pepy
    USDJPY seems to get a pressure to fall below SMA80 and SMA300 after this morning USDJY failed to break SMA80 leave alone pivot line. Right now the price seems trying to break the resistance and indicators such as Stochastic and RSI both rise to level 22 and level 35. Based on that, i exepct USDJPY will correct itself towards 112.00.
  21. pepy
    @myregister So what you want to say here is basically that robots have its own advantages and manual trading(human based) have its own advantages to. That is true but as the thing which has two side, i bet you already know that those two have its own disadvantages. Manual trading still the best for majority of traders because of their full or near full control.
  22. pepy
    CADJPY seems getting pressured by seller after failed to break SMA80. With the price which is still moving below SMA80 and Pivot line indicated that there is a strong bearish sentiment. Stoch and RSI show bearish signal with fall to level 17 and level 24. MACD also make a low high formation. The resistance for bearish with this analysis is at 90.00
  23. pepy
    Today GBPJPY seems weakening with trying to break the support line, but this is quite strong(the line) which caused GBPJPY rebound back to around near pivot level. Stochastic and RSI still both show bearish signal with fall towards level 67 and 50 respectively. Based on that i think GBPJPY may failed and will to break 148.00
  24. pepy
    Sure what we should see is the performance not from where the money comes from, just by look at this fact no deposit free money is a pretty good thing for traders, but there is one problem. This kind of money usually have a lot of hidden rules which hinder our trading at all costs.
  25. pepy
    Back to the original discussion here it doesn't matter if that is deposit free or not , because the key is the process and not the start. If you have exceptional skills to analyze the market and only have $5 free no deposit capital, i think you can crawl to the top but it is just way too slow for you.
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