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pepy

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Everything posted by pepy

  1. pepy
    Usually because they don't know about what they are doing. Or i can say they trade too big since we know that one of the major selling points of the Forex market is large amount of leverage . Many traders cannot help themselves and want to trade big. The problem is using high leverage reduces a chance that we will be profitable in the long run.
  2. pepy
    I do wonder why up to now many people still want to find a secret for forex trading( in this case compared to holy grail strategy), while they can easily see that trading in forex doesn't need much secret. It just need more patience, more experience, and a very small bit of luck.
  3. pepy
    Of course, logically you won't get bigger lot for small leverage unless you have enermous amount of capital that may equal to that leverage. 0.01 lot is equal to 1000 dollars, 0.1 lot is equal to 10000 dollars. So if you have more than that leverage is not a big deal at least for one or two tradings. As long as your platform is good(like MT4) you don't have to worry for trading.
  4. pepy
    In fact foreign exchange is pretty hard despite of how hard you train. Make sure that you don't recklessly to trade. It is better not to trade rather than entering the market without knowing what you are going to do. This is insane, just because there are few chances it doesn't mean one may make profit with all that few chances.
  5. pepy
    @uncle gober: That's maybe right, some traders motivated by that kind of thought while the others feel that kind of thought will only make them earn less or doesn't motivate them at all or even worse make a trader a selfish trader who take that bonus for granted.
  6. pepy
    That is really a ince idea, you can earn better by learn from the others OR learn from yourselves, it is not hard just need to take some times( like around 30 minutes up to 1 hour) to analyze your previous tradings. With this sooner or later it will guide you to a new horizon that likely will lead you to success.
  7. pepy
    Pretty much, but don't over learning since it would be too boring because people's first reason to trade in forex or jump into this business is to earn better income. Forex promises it but also give us an obstacle which we must overcome so this is why learning could come for, to make you better than ever.
  8. pepy
    @gaban: Yes, this is why forex become one of the most useful things ever existed and also the reason why leverage become an important factor to attract people to join foreign exchange. Can you imagine without leverage what will happen to forex trader who wants to trade?
  9. pepy
    Depend once again levie, all traders can invest big if they want. There are some traders who are able to survive well and still make some nice profit from their trading without much issue. But they have been spent much time in demo account first with the similar strategy or tricks.
  10. pepy
    @levie: Wow, then after you post or read something in forum and then you become a great trader? Not, what you need is practice and practice. Well, you may get knowledge how to do but make yourself familiar with one strategy or technique need experience and practice, so this is where demo and real account plays.
  11. pepy
    @radex: That is why risk management is important and greediness is something that we must aware of too, consumed by it would bring demise to us. But there is actually a strategy where you actually excluded human error, but only the return is lower than what you expect and actually need a lot of money since we need that big amount of money for balancing later.
  12. pepy
    H1 chart saw the price is under bullish trend, the price also is moving above 153.83 which is today's pivot. But must be careful since today GBP CPI could affect the price totally. MACD and Stochastic is showing bullish signal with inverse hammer formed. The price may rise to around 154.76 and 156.32. If not it for the backup scenario, GJ may fall to 153.30
  13. pepy
    H4 chart saw the price is falling now slowly but sure, especially after the first support level broken and right now EMA100 also is moving above the candle indicated the price will fall, not just that according to KDJ, the price has been forming crossover line, and in bearish direction indicated that EURGBP will fall deeper up to 0.798000
  14. pepy
    The price is right now moving below 0.76172 even EMA100 is still giving bullish signal. With current condition, the price for sure will rise to around 0.76862 at most since RSI 14 also suggesting the same signal,only MACD which shown vice versa. But for the worst scenario if the price cannot break 0.76172 then it may fall to up to 0.75890.
  15. pepy
    H4 chart, there is possibility that the minus of news for the USD today wil affect USD or even CAD's reaction to each other, so i think it would be sideways in between 1.2850 0 1.2950 plus RSI 14 and KDJ also supported this with showing that there are not enough bullish nor bearish sentiment.
  16. pepy
    On 4 hour chart EURJPY is under bearish pressure, seeing the EMA100 is moving above the current price means bearish over bullish also RSI 14 and MACD saw bearish trend. Only Parabolic SAR which show different trend, it is bullish but overall i recommend for bearish attitude on this chart, for the next target is at around 122.90 - 122.57
  17. pepy
    On H4 chart, USDCHF still inconsistent with the movement but after that interestingly got rejection at 0.95002 which become the current support level. The price currently is moving around 0.95002 and 0.95654, waiting for breakout especially at 0.95654, but sentiment overall still bullish and also bullish candle still dominate the market even KDJ is showing a sign want to do crossover, but Stochastic is a bit sideways from few hours before. My prediction it will be sideways because of this inconsistency, and waiting for breakout first or big news that could drive price to other way.
  18. pepy
    H1 chart. The price right now has been rising above support level which located at 0.69702 and also above MA100. But remember that the price may retrace back after this uptrend since KDJ and Stochastic already moving near overbought area but still showing a bullish signal since few hours ago. So if the price retracted then the next target is at around 0.68598 but if not, the price may rise once again to 0.68900.
  19. pepy
    First of all something should be corrected, not all. Not all traders who are beginners love scalping because that strategy considered to be risky by theirselves or by someone who guide that beginner. Also some of them think it is quite impossible to get small pips for big profit.
  20. pepy
    I think not just additional income because some people can turn it as their main job, well if you want safier way then forex as side job is very good idea, i saw a lot of people do that and still able to make money from their main job and forex as their side job, so it is like double earning.
  21. pepy
    As long as you concentrate i am sure many unecessary action would be suddenly remove from your act. Also it is important to note that concetration will give us boost, by focusing we can give more attention to our position, and it is easier to manage them if something wrong happen later.
  22. pepy
    You can trade without emotions and what i mean don't let your emotions overcome you the very bad part here that if your emotions is uncontrollable it will affect your psychology and it won't be a very good thing for traders, also if that is happening your account is in danger.
  23. pepy
    Yes that is also the problem which i am facing right now, SL is truly not suitable for me nowadays, i have even 10 consecutive loss because of this feature, and 5 of that is irony because only few minutes after it cross my SL, the price is turning against my SL, sometimes i even think that my broker playing with me.
  24. pepy
    Mt5 is better than before but still MT4 on the top if you compare the current MT4 and MT5. MT5 has something that MT4 doesn't in few parts, while MT4 has something that MT5 doesn't have in most parts. Like availability of indicators and robot, also support for object oriented programming language.
  25. pepy
    Yes, it is very important just as important as your analysis skills or your system that you use for trade. As long as you hold to this you may able to trade every time you want and can avoid much of your loss as much as possible rather than forcing yourselves to keep trading when you can't.
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