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pepy

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Everything posted by pepy

  1. pepy
    It isn't guaranteed too, i mean the way you choose who know if you read blog and then you don't understand? But the risk is lower based on my opinion because you don't have any risk to spend on it. I myself see that learning from someone will bring greater benefit since we can learn without spend anything which maybe later will disappointed us more.
  2. pepy
    If you want to trade in Stock then MT5 is better beause it allows you without any configuration to do that, while in MT4 you only trade with commodity or forex. I'm perfectly fine with MT4 but as we know Metaquotes is not a silly corp and actually MT5 is the update for MT4, If only they did backwards compability earlier this kind of segregation won't happen.
  3. pepy
    But it doesn't mean that you can simply excuse for your trading style in past and also seems like making such a very normal thing for people to lack of patience and blame it for loss, patience differs from one trader to the other traders. This is one of the reason why they fail just like what you said and it surely need some improvement depend on the need of that trader.
  4. pepy
    Because with concentration someone will be able to trade better rather than others and also the good thing with concentration you will be able to see the flaws clearly and optimized your strategy which i already said before will enable you to trade better rather than others who doesn't have 100% focus. Concentration will be always be important for retail traders.
  5. pepy
    But you must compete with the other traders to earn just first, second or third prize. In real trading you can earn even not as big as you may think, the earning is yours and you get your a bit of share. This is more like fair way if you trade in proper way or when shits don't happens when you trade. To me demo contest is fine just don't overdo it.
  6. pepy
    The reason i trade in foreign exchange is because i think the same like you, i want to make this thing as my source of income where i can earn a lot since forex having big source of turnover, around $5 trillion and keep moving up. One benefit of i learn forex and trade inside is i can gain much knowledge about the global economy and how it works.
  7. pepy
    Yes it is hard at first because we don't know about anything. Forex can be a main job for traders if they have enjoyment inside, thinking this business as a good business where they could make much more profit for them. In the end, trading can be main job if someone want to turn it as main job, many of them can do that but don't want because still afraid of the risk.
  8. pepy
    Someone need to spend around at least 6 months, many traders said something like that, it is right that many trader spend more or less but i said average traders will spend that much and if they can make much profit during that 6 months with small percentage of losses i think that traders is ready for start to trade in real account with reasonable sum of money as starting point.
  9. pepy
    @radex78 Yes success is actually open for anyone who longing for it, including you and me. I also agree with your post later which said that all depend on trader's skill not from other event but from trader's mind. That is what you called as hardening, it is just like practicing but usually they do that in real account to simulate nearly every single thing.
  10. pepy
    Yes the most importance in forex is an accurate analysis, but from all of that many traders only use one or two or even three tools to analyze the market which usually they compressed as one and all of those which they choose is something they percieve as accurate indicator to analyze the market, but this is questionable because there is no 100% indicators.
  11. pepy
    As far as i experienced, hear, feel, and learn before that sometimes shit will happens in your life even actually you are one of the best traders out there. No matter how much you try, but i suggest never giving up even shit will happens but the frequency still low and if you keep manage the risk in proper way even shit happens it won't affect your life.
  12. pepy

    PAMM sytem!

    pepy replied to hexeduser's topic in Forex Newbies

    Hm, i never heard something like that where we can check someone's knowledge through their pamm's profile, but we could check their performance which indicated their ability to manage and trade our money, it is pretty clear but not really true even like that i trust it for around 70-85%. Usually gather other data too so it would give better picture.
  13. pepy
    It seems we arrived at the same conclusion about this, and yes long term or short term is depend on the newbie, also to that experts alike first they are newbie who stick with one strategy(short or long) and then turning it into their advantages which turned into profits when they become experienced traders. So the last line is long term is good for newbie but short term is good for newbie too.
  14. pepy
    That is right i agree with you, it is just matter of this one is suplementary for manual based trading, people usually condemn it because this is different way for someone to trade. I still think use robots for trading is not a grave mistake, you can use it for learning or for earning but like some traders here said only afford what you can lose.
  15. pepy
    True it will turn into lesson but i think we can get indirect experience by seeing someone's post despite of its factuality, or maybe when they share their secrets or their screenshots it would be better, but i think again the knowledge is important thing. It is the first step before you turn into intelligent traders and will give you much more experience later.
  16. pepy
    Yes i think it is not the skill which improve but our understanding about forex, we will know some parts of forex which surely will lead to better insight of how to deal with it. I prefer to learn from forum by read and then to prove that or to practice i refer demo account where i can trade and increase after such practices.
  17. pepy
    But you should taking the risk you are able to do so, if you cannot do that i assume you are one of the careless traders and in very short time frame you can lose all of your capital which is very bad thing and i don't think it should be happen to you. If you want to take the risk make sure you already measure the risk intelligently.
  18. pepy
    Everything start from government information but from what i heard there is information from insider which tell the result of that news. By doing that people who is influential will get the result faster and response faster, but i don't know if this is true. Still i don't have anything like that, i still trade by see the news' result on economic calendar which shared by some reputable sites.
  19. pepy
    If foreign exchange is not for you then you will lose so much and you feel like you should quit from this business sooner. But if you are someone who don't like risk or prefer something safe, cannot trade because of religious preference or any myths you've ever heard, well forex is actually not for you. Fx is for risk taker.
  20. pepy
    Technically you can trade everday because no one force you to do so, also it is open for everyone for 24 hours in 5 days means anyone can enter and decide to open a postion or not is depend on the trader's mind. But before trade make sure the condition is favour to your analysis, if you don't and just jumpt to trade you will ended up miserably.
  21. pepy
    I think to earn that much people still need some kind of effort to reach it, well not easy but still possible thing to do just need much more capital to hold the loss if you lose and also right strategy so most of your trading still ended up as profitable trading and one last thing enough lot size, it should be full one not mini or micro.
  22. pepy
    Rebate make our loss lower and our profit higher, you got it? I think you're confusing about the loss and profit with forex rebates. Well FX rebates is truly good offer for people who want to use it. It is proven by many people who applied to it and feel happy with it, as i said before it lowers the loss while increase the profit so this is why this one is useful offer.
  23. pepy
    I think it also need experience, well at first we are fools trying to make profit blindly because don't have any experience but the more we make profit or the more we loss we also gain experience which is a good thing to do right? Long term good for newbie who want to target for big profit and make sure you always stick with your strategy of long term only.
  24. pepy
    Well, we still need to worry friend but not overdo that, maybe once or twice won't hurt you but if you lose concentration everything will be loss and it is not good for your career. And i also agree with you we need to know that not everyone can make profit sometimes we must lose it because of one or two things or even to unexpected thing.
  25. pepy
    True, i agree with you many traders don't know about this thing and to be honest this is one the worst thing that could happen for someone who prefer low leverage, and for newbie most of them have small capital to start, and want to trade with lower leverage means they must spend more, LOL imagine newbie with small capital with small leverage and having less experience, if they can survive for one time then it would be like a miracle.
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