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pepy
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Everything posted by pepy
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That's could be true, you don't know what to do of course you will lose and scalping need someone to make a quick decision and it is not easy to make quick decision since it needs more experience to take such decision it could be risky but beginner still love it why? It is simple and also your target is relatively low compared to swing for example.
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This is what people called as overtrading when they think they can make more profit pushing theirselves to trade everyday and mostly of them gain some losses and i think that is not a wise idea to do because the chance of making loss is bigger compared when you trade at the right time especially with fresh mind, since our mind and boy need to take a rest too.
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Well i agree with you "Invest what you can afford to lose" is a nice slogan people for people to know that they should invest money which they could sacrificed. Forex is not a bussiness which has low risk, no this is a high risk business where you can easily lose your money easily or even all of them instantly. And how much? Of course, I suggest at around $5000 well it may different from my previous advice, but after more observation this is the right amount so you can feel your earning, since you may earn around hundred dollars by this amount.
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You got some point here, because i think that's also a big money($3000) and forex is well known a business which has high profitability, but you need to know that you can turn that $3000 dollars into offline business which could open more jobs for the other, maybe like open a small restaurant for example. Yeah, in the end is up to you but forex still mine too LOL because that is a good business to double earning as you said even though i cannot give much more jobs for the other people.
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Hm, this is hard but if you are indonesian maybe i will give you the link to the website where i get my Expert Advisor, but truthfully if you're planning to earn as manual trader, EA won't be so much helpful as you think. But if you want to be a programmer of EA studying how EA works should be your main task. EA also useful for a trader who want to mix between automated trading and manual trading.
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First gain knowledge, this is important i cannot stress enough that knowledge is very important in the first phase, sooner as you gain more knowledge, knowing some terms then trade in demo account to gaine experience which basically your knowledge turn into experience, but remember this, put your target and try to reach it i don't care if that is either weekly or monthly target, just make sure to reach it on demo account. After reached it, make sure don't trade again until the next month for example, this is a key to train your emotion and to make sure you satisfy with what you've got and don't turn you into a greedy traders.
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Forex forum Do you think forex forums can improve my trading skills?
pepy replied to flybiz08's topic in Forex Newbies
Eh? You are now one of the best trader ever. See myregister's post i one hundred percent agree with him/her. You share, you post, you read, you take a note from that or this post won't make you better, if you practice after that then it is a different story. When you active in forum you only increase your knowledge at different pace. If you want trader in demo account by the knowledge you got form DMT. -
You can say right now forex as my full time job, well not really a full time but right now i am unemployment after graduate nothing to do at home except trying to make money online where forex as my main source. My earning is not as good as before because of my big loss few months ago which devastating me a lot, but right now i am recovering trying to get back my capital. By the way forex as full time job is not IF, that possible thing to do only if you have willingness.
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Once again i want to say that forex is a profitable investment on one side but on the other side forex also has bigger risk, and then turn forex into a promising investment and bring much more risk like a double-edged sword. So before investing in forex it would be a very good step to know how to make a steady profit and to lower forex risk as low as possible.
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After looking at several posts above I tempted to post about this. It seems like after some poor experiences with forex, I chose as novarisa did, so 1:1 ratio for me. My SL weren't far enough usually at 30-40 pips so do my Take Profit and based on my observation TP at around 30-40 pips is easier to reach than bigger TP such as 80-100 pips.
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@gaban: Since its main basis is short term of course scalpers will use it logically that way more feasible rather than long term, but this one is for newbie not just for scalpers. Long term for newbie is fine, no one deny it is not fine. If newbies want they could learn from it and make profit from long term trading.
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I would say that rather a good idea for people, first of all psychology plays important part for traders around the world and not just newbie which affected but also experts or someone who have a lot of experience in fx. Emotions are the core of this psychology that will of course affect the way we take a decision.
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How many times do you trade a week?
pepy replied to asiaforexmentor's topic in Forex Expert Advisors
Hm, not all people who trade with scalping is busy, to me it is just about taste and also how well you respond to the market. Some traders even choose long term trading because they don't want to bother with checking the position and close it in relatively shorter time. You need to monitoring it over and over again, can you imagine a busy people do that. How many times we should trade also depend on our own willingness to trade, some people have their own target while the others must trade for certain time. -
How to find the most profitable Expert Advisor?
pepy replied to Jack Spear's topic in Forex Expert Advisors
@magicmoneymaker: Simple and safe? Are you kid me? Forex is not safe even i must say it is one of the most profitable business if you know how to do that and able to manage those high risk well. There is no most profitable expert advisor but to be honest expert advisor only as advisor, to help you not to give you constant earning. -
Not so much attractive beside it has nice rate per click, 50% discount on all referral packs, accept paypal and payza but one thing that dishearthened more people is that high minimum payout. It takes around more than 3 months to reach that, and the best way stil by upgrade the account and invest here, also that 50% discount still available now.
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Yes, no payment proofs yet because this program is relatively new, i suggest you to wait at around 2-3 months before you can get those payment proofs, or if you insist you can join them now. One thing that i don't really like is higher minimum payout, while the rate per click is so low. This would reduce your earning much and it will take a longer time to reach cashout.
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Of course, payza in the end a payment processor that want to get more clients. Through this link you can see their news about new payment's fee structure https://blog.payza.com/payza-updates/visualizing-payzas-fee-structure/Withdrawal fee is lowering now but internal transaction fee is bigger than before and this is not good for someone who use payza's as transaction more.
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Then it means that webmoney is actually expanding its services and it is good enough to see that this old electronic money become like a new electronic money. Not to mention with this expansion and i heard they already registered in FCA means SEA and also Europe Union become a good place to get more clients.
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They are quite good, their services also considered to be a good one and top-notch. My problem is only withdrawal options they have, even fees reduced but Okpay's bank withdrawal is only with the conventional way which means the fees is still high, if only they made it like paypal where you get fee if that is more than $200 or even high that wouldn't be a big problem.
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That is not maybe but in fact that is a good step to avoid US authority and also US users as far as i know cannot use PM's services. .is domain used by PM because it is not under FBI jurisdiction and not to mention. Until now i also cannot find much worthy news, just a new one said they localized their site also to Vietnamese language.
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Ah, i don't know what to do here i mean this one is new, doesn't show much potential, it seems less attractive, the feature it offers are actually just like the other payment processors, it seems like this one is copy from the others and they are not aggressive as the others when it comes to advertisement.
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And don't forget that paypal right now is still the best payment processor in Alexa Rank, i don't see in this year any other payment processor will replace it maybe in 2 years later, but for 2016 i still keep my prediction that paypal will be the first place, even maybe we can see some rising star like Alipay for example.
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Well that is a good explanation and i also agree with it. There are higher possibility of them doing that. With that we could conclude that gangster or mafia is related to forex, they usually trader as hedge fund manager. But the relation is all about business, they deposit some money and then start to trade turn their black money into "white money"
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@radex78: Hm, becoming an introducing broker? I never think that way actually works, i mean in sense of efficiency but i must admit earning from someone we refer is a very nice idea the only thing we need there is actually a good way to represent our services, but from trading alone? It still not what i'm thinking about.
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Prospering through forex is what i want, i know there are some people who i've seen offline earn better monthly thanks to forex. Be hardworking in forex is not enough, you need more intelligence to do analyzation, analyze the right trend and courage to take an action for it.