Exchange Blog Cryptocurrency Blog
pepy
-
Posts
11,503 -
Joined
-
Last visited
-
Days Won
5
Everything posted by pepy
-
Yes, that is right many scalpers do that and i think that is not a really good idea for broker to be like that. All traders want a reliable broker isn't it? And scalping in fact is not an ilegal activity that is just legal as when you do swing, it is not hacking the price feed and pretty normal from my POV.
-
My advice for newbie is once again you need to practice/ to learn. Don't think too much about earning, make it that able to earn consistent earning as your long term achievement just say around 1 or 2 years. Keep training doesn't mean you are afraid but it is more about preparation so you can withstand most of forex's situation.
-
Yes, at few cases it is our skills, but compare a good trader with high amount of bucks in their account vs a good trader but with 2 digit on their account? I would prefer the first one. Investment is important but not so important but it doesn't mean it doesn't matter. Investment nominal is still a matter.
-
Usually mentoring services would offer signal as the additional service, well i see that is a good idea and would make mentoring worth more than ever. Putting that signal aside mentoring also will lead pupils to a better state with underline that your mentor is actually a good trader in previous records and it is good if they also still trade.
-
The price will stay volatile especially in major pairs but i think we still can predict the market by use analysis isn't it? We are trying to analyze the market's condition and trends also how it moves. Overall, i see that the most popular myth that is holy grail strategy, which many people sold too LOL
-
Well it is a shame that if we think forex is not profitable, because it is profitable but also with risk that is equal to the profit. It is a high risk business but it is also a high profitable business, it is all depend on the trader how to manage that risk and as investor we should look at the right PAMM who have biggest turnover, but usually that kind of manager give low return and usually ask for bigger remuneration.
-
Gaban it seems we are on the same side now. Trading with emotions is bad that is why we are trying as the best as we can to exclude that to our trading, i saw a poster if i don't make any mistake who can trade with emotions by controlling it but it is nearly impossible to do since that is so dangerous thing to do. Another big mistake is actually we are too easily to be sway by opinion and market change.
-
Again i said that overleveraging is when you use too high leverage, I don't against use high leverage since that is the nature of forex to be risky, but 1:500 or even just 1:400 is the highest, more than is big NO. I also see that lower leverage would help traders to be careful or to be exact more careful when start to trade. They must make sure that each of their position to be optimized for profit and thus don't want to take unecessary loss.
-
All would be useless if you don't have enough experience and skills to deal with forex. So what if you have big amount of money to start? Does it will give you any guarantee that you will earn constant earning say per month? that will be able to sustain your whole life for a month? Of course that is a big NO, skills and experiences are the most important to turn forex into a make a living job.
-
In fact and up to now leverage still suppport foreign exchange traders, that is the reason why we can trade with such a small amount, if there is no leverage i cannot imagine how can i trade in forex. It would be such a bad idea not to implement leverage in forex, since that would destroy the ecosystem which we have today.
-
Pamm system overall gives an investors more transparancy, also investing in this business would give an investor chance to get more bucks if they able to choose the right pamm manager. PAMM is a good and lucrative investment but in the other side it also posess the same risk like what forex has.
-
I am using EA when trading because that is convinient but i don't use it everyday or every time i trade. EA is good during clear signal is available usually when after economic data provided nice data and that is when a forex robot work, usually i turn it around one hour before such news.
-
That is why it is better to think twice when want to join broker like dealing desk broker. The dealing desk broker also offers lower comission thanks to its broker made market they act as market maker create their own market for their own good, but most traders hate it since they can manipulate it.
-
Hedging is what many traders to do,it is for the sake of lowering the risk and also to stop your loss or locking the profit. 2 positions would help traders to double their profit by do averaging but this sounds like a bit gambling, the key is to find the right way to open that position.
-
That would be really bad for you and for the others, well TP isn't a guarantee that you will reach it and make profit from it. There's no such a guarantee for that and that is why it's not really necessary. I myself prefer TP only to cut profit so if in this case i am totally greedy but in fact the most which closed my position is Trailing Stops.
-
USDCHF seems on bearish trend at H1 chart, this means bearish sentiment is overwhelming and also the price right now is moving below SMA20 strengthening the trend/sentiment. In the other hand, RSI fall to around 28 supporting this sentiment, at this rate if this continue the price will fall up to 0.97552 if not the price will rise up to 0.97900.
-
Still moving below MA100 on H1 time frame, GBPJPY didn't move so much yesterday, GBPJPY still hampered at above 159.94. At the moment, the movement is tend to sideways but if the price can break support during this session, then the chance for this pair to fall down is open.
-
How To Trade Forex On News Releases ?
pepy replied to ngocanhno110265's topic in Fundametal Analysis
Is this 100% or at least 70% right? I've been trying, in the end your way to tell fundamental analysis is logical but it is not always, be glad if you can reach 40 pips, make sure to cut it after that. Open a position in 3-8 minutes won't give any guarantee that you enter at the right market, i've been in that kind of position. After open a position during that time, i don't earn much and lose more. -
When choosing a fx broker first i will prefer regulatory, it must be strict like you said and also it must only accept a good and reliable payment processor if they want. I think having an AAA offices right now isn't really good but if they have it then it would increase this site's credibility and also popularity.
-
Yes, it is all about uncertainity from the market itself, sometimes i want to convince myself that it is easy to make profit, when the data is clear then the market will follow but that is not always the cases, sometimes or even more than that making a big turn, it seems like nonsense thingy and i am sure most traders will agree with me. The myth of 100% successful strategy also is a true myth.
-
Should Forex Brokers Accept Bitcoin or other cryptocurrency?
pepy replied to bloger90's topic in Forex Newbies
Of course no one will do that they can make it slower and also this is a pure based market, near perfect market to say. It is similiar to foreign exchange. With that criteria then it is okay to accept bitcoin into foreign exchange beside if you can't treat it as currency then treat it as commodity. -
It has flexibility over the other high risk busioness but not all could argue that forex is riskier rather than stock. Stock on the other hand offer more ability for traders to earn aside from doing speculation. In stock you can earn without need to do speculation, you can earn from shares but this could be done at least once in a month.
-
Demo and Real account has both its own advantage and also disadvantage so use it to the fullest, i probably want to stuck with demo around 6 months, it would be better as you can learn more and also you can adapt with many kind of situation that could happen in forex, with this you can switch to real account without much problem later.
-
Small amount won't help you earn big, even you target 100 pips per month you probably won't reach that much. And what i want to emphasize here is that investing in forex really need some bucks even its barrier is lower than other high risk business. To earn well around $2500 still fine for me but if you are really patient and can wait for years to have that capital in your account, then trade with just few dollars like $50 or $80.
-
Lose is inevitable, profit is also inevitable. All will happen so you must embrace yourself wait for that time to come. In broader sense, you must lose to make you success is true but if you keep making more mistakes or loss than make profit then you won't even reach what called as SUCCESS. You must make way more profit than loss in order to success.