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For the brokers because without that they cannot make any profit, they cannot survive, and the end of that broker itself. Dealing desk manipulation is too common in foreign exchange but to identify that directly is harder especially since we need to use real account to check if that is true or not.

Sure it's all depend on risk management to manage the risk but technical and fundamental analysis are important for both because it is actually the key to your profit. Sometimes other analysis will give you benefit rather than other analysis, in my case fundamental analysis are totally better.

Daily profit is not easy but still possible things for all traders, it is just need an extra efforts, right? The last thing you need to know that the rate to lose is also higher here because you trade with higher volume since this is daily trading, imagine with momentum based trading you just need like 5-8 times trading in a month compared to 20 times per month.

Good preparation included take profit would be so much worthy for all traders around the world, it is a great tool to minimize the risk of our overestimation of how much profit we could reap. From all traders, only few recommend not to use Take Profit but this is just for few cases, but in most cases it still recommended to use it for our sake.

I do agree with you, it is easy to know what kind of trader that depend on luck or a trader who depend on experience alone. Experience will give us a better insight of what we should do later and what we should fix if we had a mistake and luck? It is something which is so random in foreign exchange.

Well this is not wrong too but not really clear. My take for this one is that a great or strong or better mental capabilities is needed, with that traders will be able to survive against many odds in the market, especially if they are into dealing desk broker which is pretty hard to handle. So in the end, for long term the trader need a good mental capabilities.

Logically that is right, but i don't talk about that yet. You cannot leave the greed and it is better to regulate that greed. The best way to control greed is by having a good risk management, the example is set SL ratio lower than TP ratio also never trade with bigger lot size than you total account balance could handle.

I think that is as not too much rewarding but compared to the other traditional business, forex with its modern tech(internet) are able to make you gain profit in matter of seconds. See how scalpers makes money even with the smallest pipette as possible and how many positions they opened per day.

Making profit constantly is hard feat, not an easy job. Yes, we cannot predict the market with certainity since all the prospect movement seems uncertain too. I think even we use a handful strategy such as news based trading which proven to have high accuracy. It can be done only by experience, well this is hard to explain but what i feel that the more we trade the more we understand about forex and also able to trade consistently than before.

I think the same and it has been proven by a lot of traders which make forex as its own main income. Even like that this business doesn't come up with risk. The most rewarding part in forex is actually to make profit. To me as long as you want, you still can think forex as an art than business but still make a profit from it.

It seems i talk the different thing and you talk about the others, but in the end compounding your capital is not a technique that everybody can you at their own pleasing time. Compounding is pretty useful especially if you able to generate more profits and less loss. It is good for your long term career.

Crude oil prices edged up on Asia session on Friday, buoyed by signs of a drop in US crude inventories. The price of WTI crude oil was at $ 51.47 a barrel. Brent crude futures were at $ 57.39, up 0.28 percent from their recent close. Supply of U.S. crude oil. has dropped 15 percent from their March record, to 456.5 million barrels, below levels seen last year. Part of this decline was due to an increase in exports as a result of the sharp decline in WTI crude compared to Brent, which made it attractive for American producers to export their oil. In addition, the futures crude futures curve is behind, which makes it more attractive to sell oil produced soon instead of saving it for later delivery. Analysts seem to expect crude oil prices to potentially rise with sentiment of falling US crude supply. The price is expected to move within the Resistance range between $ 52.00- $ 52.50, and if the price falls will move within the Support range between $ 51.00- $ 50.50.

Crude oil prices edged up on Asia session on Friday, buoyed by signs of a drop in US crude inventories. The price of WTI crude oil was at $ 51.47 a barrel. Brent crude futures were at $ 57.39, up 0.28 percent from their recent close. Supply of U.S. crude oil. has dropped 15 percent from their March record, to 456.5 million barrels, below levels seen last year. Part of this decline was due to an increase in exports as a result of the sharp decline in WTI crude compared to Brent, which made it attractive for American producers to export their oil. In addition, the futures crude futures curve is behind, which makes it more attractive to sell oil produced soon instead of saving it for later delivery. Analysts seem to expect crude oil prices to potentially rise with sentiment of falling US crude supply. The price is expected to move within the Resistance range between $ 52.00- $ 52.50, and if the price falls will move within the Support range between $ 51.00- $ 50.50.

The dollar soared against the yen on Friday this afternoon in line with rising market optimism about prospects of tax reform (tax reform) US. The US Senate has approved Trillion dollar worth of Trump's proposals for its tax reform agenda. Thursday night US time, the vote in the Senate shows the acquisition of 51:49 to pass the blueprint of the budget worth trillions of Dollars to be used throughout the term of Trump. Rand Paul was listed as the only senator who rejected the blueprint. As a result of this development, USD / JPY soared from 112.745 to 113.178. This level is the strongest since October 6th. In the short term, the US Dollar will strengthen against the yen. The strengthening of USD / JPY is also supported by the differentiation of US and Japanese bond yields ahead of the upcoming Japanese elections on Sunday. Japan's own election is not widely expected to produce surprising results. The coalition of PM Shinzo Abe is widely expected to win two-thirds majority.

The movement of rubber prices ended corrected in trading today, amid expectations of increasing the amount of inventory. The price of rubber for delivery in March 2018, the most-active contract on the Tokyo Commodity Exchange (Tocom), closed down 0.25% or 0.50 points at 197.10 yen per kilogram (kg). Earlier, the price of natural rubber opened with a decline about 1.21% or 2.40 points at 195.20 after trading on Thursday (19/10) ended up 0.82% at 197.60 level. Investors began to take profits on expectations that the number of inventories in China will increase. Total rubber stocks monitored by the Shanghai Futures Exchange reported up 3.6% on Oct. 12, an increase for the 18th week. The total rubber inventories in Qingdao increased 5.1% to 198,900 tonnes on October 13. On the other hand, the yen was down 0.59% or 0.66 points to 113.20 per US dollar at 13.49 WIB, after on Thursday (19/10) ended up appreciating 0.35% at 112.54 .

Gold prices slipped in Asian trading session Friday morning , after briefly surged last night following a surprise statement from the Governor of the Central Bank of China. Currently, the market is still tossed between global risks and US economic conditions are prime and conducive to boost interest rates again. the Gold price for December delivery on the COMEX division of the New York Mercantile Exchange has slipped 0.31% to $ 1,286.01 per troy ounce. Gold Spot XAU / USD decreased 0.48% to 1283.94 per troy ounce. Gold prices jumped moments following the circulation of Zhou's statement. However, again ran after a number of US economic data brings a brilliant profile.The Philadelphia FED Manufacturers Index in October jumped to 27.9, well above expectations of 22.0 as well as the previous record period at 23.8. The Labor Department also reported that the filing of Jobless Claims for the week ended on October 13 amounted to only 222,000, lower than the 240,000 forecast and the previous week's record of 244,000. The data held off market sentiment on Gold in negative territory, due to strong growth prospects and rising interest rates in the United States. Moreover, President Donald Trump is still expected to vote for a hawkish-centered central bank.

Forex keep growing if all the market connected and more people involved into forex, but you know trillion dollars turnover in forex is not a joke even the biggest share will come to big kids on the block like private banks or public banks and forex based trading company but even with very small share, individual fx trader able to live well.

I do wonder why do you think something like that, in fact forex is not just about technical analysis and also fundamental analysis and with technical analysis there are a lot of ways to rome i mean to analyze the trend and find the right "hotspot" for opening a position. Not to mention so called sentiment analysis and so on.

When talking about dealing desk for sure it is a conflict of interest between a broker and trader, broker here will try as the best as they can to maintain those situation into a balance, not all brokers can do that and usually only well regulated dealing desk to do that, the main thing of this dealing desk is low cost.

Regulate those emotions, and use it to your own good. It sound like motivational speaker which spout bullshit, right? But it is true greed if you know how to control it will drive you to expand your forex business to different height with bigger profit and bigger capital base. For me don't leave just regulate/manage it just like the risk.

One of the most popular commodity trading is actually gold and silver it even predates the modern internet based foreign exchange trading. Still i don't see anything so far that looks like forex with less risk and become the best alternative aside from Stock which is pretty good in country with high capitalization or even in developing countries.

I think if someone want to face the risk they can fully aware how to avoid the loss and optimized the profit, right? Rather than thinking to eliminate it i prefer for trader to think how to regulate/ manage the risk so even you lose it won't so hurt and easier to recover later and gain bigger profits, one of example is 2:1 TP/SL ratio.

Rubber prices managed to continue strengthening at the end of trading the second day in a row on Thursday, driven by optimism around the demand for this commodity. The price of natural rubber for March 2018 delivery at Tokyo Commodity Exchange (Tocom), closed up 0.82% at 197.60 yen per kilogram (kg). According to analysts, improving economic conditions in China has lifted market optimism. The market is optimistic that demand for rubber will increase. China's National Bureau of Statistics (NBS) reported economic growth in the third quarter / 2017 grew around 6.8% or slowed from the previous two static quarters at 6.9%. The slowdown is triggered by government policies that seek to control the national property market and curb domestic debt growth. Nevertheless, overall China's economic growth rate is still on the right track as it still grows above the government's target of 6.5% this year. Supporting the rubber, it seems Yen also continued to weaken about 0.07% or 0.08 points to 113.01 per US dollar, after on Wednesday ended depreciating 0.65% at position 112,93.

The movement of oil prices tended to stabilize on Thursday, buoyed by easing supply led by OPEC, tensions in the Middle East and U.S. production. which is lower due to the closure of oil refineries due to the threat of storms. The price of Brent crude was at $ 58.10, slightly lower than its last closing price, but about 30 percent above its mid-year price. While West Texas Intermediate (WTI) was at $ 51.97 a barrel, also got a touch of the final settlement, but almost a quarter higher than in June. U.S. Energy Information Administration said on Wednesday that U.S. crude stockpiles down by 5.7 million barrels in the week ending Oct. 13 to 456.49 million barrels. U.S. Output slumped by 11 percent from the previous week to 8.4 million barrels per day (bpd), the lowest since June 2014 as production had to be closed due to tropical storm Nate, which hit the Gulf coast. in early October. Analysts say there is also a risk to supply from political instability in regions ranging from the Middle East to South America. Adding to this tension, the President of the U.S. Donald Trump last week refused to endorse Iran's compliance with the nuclear deal, prompting a 60-day Congress to decide on further action against Tehran.

Coal prices again closed at the highest level in the last three years in trading yesterday. On Wednesday's trade, coal prices for January 2018 contracts, the most-active contract on the Rotterdam commodities exchange, closed up 1.43% or 1.30 points at US $ 92.35 / metric ton. The January 2018 coal price rebound rallies continued after after earlier trading on Tuesday (17/10) closed up 0.05% or 0.05 point to US $ 91.05 / metric ton. Bloomberg Intelligence economist said China and India, which account for one-third of the world's total coal demand, are expected to import more thermal coal by the end of this year to meet the growing demand for electricity. The strengthening of the coal price is in line with the crude oil price rally, albeit held back by a rise in the amount of US fuel stockpiles that offset the gains triggered by tensions in Iraq.