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pepy
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Everything posted by pepy
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There are alot of type which you can depend and nowadays many brokers offer relatively lower spread rate for a lot of their clients. Usually in relatively calm the spreadis ranging from 0.xxx to 2.xxx hiwle during volatility time especially after news announced it would be at 1-4 pips.
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why many people see forex trade as gambling?
pepy replied to rockstar's topic in Forex General Discussion
In the end it still called gambling unintentionally that is because forex offers nearly the same thing like gambling has, where trader can get a lot of money just by invest and then trade, also compared to offline jobs you can reap profit in faster way rather than them(offline earner), and this fast way which many of them said as gambling -
It is hard thing to do but actually possible thing to do, many experts or traders who earn a lot of moey is mastering at leaving their greed behind and solely focusing their trading only without have so much thinking that sooner they might be lose their own money but they would willing to take the risk with a proper analysis and plan.
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In each country the report for each trading's loss or profit is different, in my country no tax yet but when it will introduce i just hope they don' tax per transaction but instead per profit. If they tax per transaction it means we get more work to be done since we have spread+ taxes when opening a postion.
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How Much Time we Spend in the Demo Account.
pepy replied to showrov1993's topic in Forex General Discussion
I think what thread starter here want is not the amount of time you can spend as much as you can with forex demo account but how much time you should spend in demo account before switching to real account, i thin 6 mnths is fine but it is good if you spend one year without stop to trade in demo account,you will be able to get many experience and how to deal with the problem at least most. -
Demo account is pretty much general to me. Well that is a necessary for any kind of traders, not just the place for learning but also a verygood place for them if they want to experimenting with something. In the end demo account is one of the most suitable for newbie and of course the most relaxing place to expert alike.
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On H1 chart, technically the price of GBPJY is under bullish pressure, bolinger band also showing a bullish trend plus MACD is showing the same result. The only difference seems on MA100 and EMA50, where the price successfully break MA100 down but still cannot break EMA50. Overall it is bullish as far as i can say but current trend may rise and touch 158.70
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But it doesn't change the fact that people get profit by trading through this way isn't it? It is clear that long term if you can handle it in proper way will bring more chance for people to reach better profit. Also many people advise people to stick with a long term strategy.
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USDJPY on H1 chart Parabolic SAR status is Bullish and RSI is bullish too, Stochastic = bullish, and MACD = Bullish. So overall this pairisunder bullish pressure technically, no sign itwill make areversal yet, but according to KDJ and Stoch the price is keep rising and nearly enter overbought area. If evening star or other candle formation formed it may reverse this pair but i think it won't happen today.
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On h4 chart, eurchf is doing well and it seems under bullish pressure, technically stochastic is showing that the price is under bullish pressure, MACD also on green zone means bullish sentiment. RSI(14) also at level 58 means bullish sentiment. So totally today the price will bullish. Overall, today's sentiment is bullish.
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NZD on H1 timeframe indicated that current trend is bearish. EMA50 is actually bearish but MACD showing a strong bullish indication, but candle overall from few hours before giving bearish indication with suport from Parablic SAR and RSI. The target for this bearsih sentiment is 0.67727 or at most to 0.67622
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USDCHF on H1 timeframe is showing overall bullish trend, EMA50 still moving below the price, and Parabolic SAR indeed showing the same result in this time frame. Not to mention the MACD trend at moment even already passed for quite long time still showing bullish manner. The next price target maybe located at 0.98641 or 0.99232 based on my prediction.
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On H1 chart, Stochastic lines is moving towards upper level means bullish, MACD in green zone means bullish, and KDJ line which showing an upward line, only RSI(14) which is at level 47 = there is bearish chance for this pair even actually bullish still domainte. I think today EJ is under limited bullish sentiment.
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The price of USDCAD on H1 chart today still show the strong trend with the position still above pivot. EMA50 stilll below the price too and Ichimoku give bullish signal. I myself see this pair still has chance to rise but limited for now since RSI and KDJ already shwoing an indication the price will moving towards overbought area.
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H1 trend right now is currently under bearish pressure, it is so much helpful with ParabolicSAR and MACD are showing the same result, also based on my view with RSI(14) still under bullish pressure which make it a bit difference with the other indicator. With the latest candle, bearish pressure is bigger than ever, so it may fall to around 0.72873 or lower.
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It will affect your life but it doesn't take your life over, well if something like that happen then it means you are addicted to forex and you should get some remedy because i think that is not a good idea for you to be like that. Back to change people's life., forex could change us to good or bad , affect our daily life make us more efficient is a good change and bad change is vice versa.
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My analysis for today AUDUSD still able to continue the trend and keep fall to around 0.72305 - 0.71778. This based on several indicators bearish statement and the price seem make some correction few hours before. If the price is keep rising i recommend to keep sell at most 0.73352.
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H1 chart, EMA50 and all indicator which i am using right now say the same , All bearish. Price is clear is below EMA50 with trying to break it two times but failed. RSI(14) and Ichimoku say the same, The previous candle show the evening star which means a reversal after failed to break EMA50. EURGBP may fall to 0.78452 and 0.77942. My bet is around that price level.
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This time i choose M15 chart one on the opening and find three white soldiers following by other bullish candle and it means bullish trend. The price also break the upper band at 1.29605. Not only that RSI(14) and Stochastic is simultaneously rise to higher level. This strong bullish may meet its match aat 1.30000
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On h1 chart some indicator such as EMA50, Ichimoku, RSI, and Parabolic SAR are showing bearish trend. Price still cannot break EMA50 even tried it few times. At this moment the bearish trend still strong and may push the price down further, i also don't see sign for oversold for now. It may target level 16,400
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There is a big chance for this pair to rise on H1 chart, currently Parabolic SAR and RSI are bullish, EMA50 is slightly neutral with small favour towards bullish trend. Based on my analysis it seems the price will try to break 108.86 and keep doing that until oversold touched.
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EURJPY on H1 chart seen to climb to the higher price which is at 123.17 or up to 123.35 . KDJ is showing an crossover bullish signal which means the price is start to fluctuate with the price is above EMA50. But i think if the price touch those price limit, it may push the price back down to 122.63
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According to the all indicators the price on H1 chart tend to lean on bearish trend. Ichimoku confirm this and so do RSI. The price target is at 1.0957 or a bit lower. MA50 also is still above the current price. If there is breakout in afternoon it possibly reverse the price. So far no indication for correction.
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Last Friday USDCHF positively moved up to the high level of the previous Wednesday, EMA50 on H1 chart seen below the price which means the trend is back to normal, But the price is still above today's pivot . To the nearest target is 0.9773 area and the farthest target 0.9803.
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NZDUSD analysis for today is bearish with the next target located on 0.6733 - 0.6698 and 0.6646, if the price has touched 0.6646 it is better not to open the position once again because the price is already in oversold area Chinkou span. Not to mention RSI also would be around that zone.