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UK Retail Sales for September was unexpectedly slowing over the previous month. This is allegedly a result of the high rise in UK inflation that strangled the purchasing power of consumers On Thursday this afternoon, the ONS reported that Retail Sales in the UK only rose about 1.2% in September, from the same month in 2016 (YoY). Very far back compared with last August, ie from 2.3 percent. Though expectations will stagnate at the same level of growth as August. In the MoM base, UK Retail Sales slumped by as much as 0.8 percent. Sales of goods in the department store suffered the most severe pressure, followed by food sales. Viewed overall in the third quarter (QoQ), Retail Sales increased 1.5 percent from the same period in 2016. Following the report, the pound stumbled to a daily low, with GBP / USD trading at 1.3157 this afternoon, down 0.42 percent from the previous figure. While EUR / GBP rose as much as 0.53 percent to 0.8973 from 0.8940. The rise in UK inflation was more due to the weakening of Pound post Brexit last year. Unfortunately, the rise in inflation is not accompanied by an increase in salaries, so that people experience a decline in purchasing power and lead to weakening Retail Sales.

Gold prices continue depressed throughout this week. AU / USD on Asian session Thursday morning (19 / October) has minus 0.22% to $ 1278.15. In addition to the easing of geopolitical conflicts in the Middle East and the Korean Peninsula, the decline in gold prices has also been caused by market unease awaiting the election of the new US central bank chief. According to a Reuters report yesterday, President Donald Trump has pocketed five names of the next FED lead candidate, Janet Yellen (current Chairman of the FED, dovish), Gary Cohn (President Donald Trump's chief economic adviser and Director of the National Economic Council, unknown), Kevin Warsh (Politician, FED Board Member 2006-2011, hawkish), Jerome Powell (Member of FED Board of Governors since 2012, neutral), and John Taylor (Stanford University economist, hawkish). Trump is likely to announce its final choice before a state visit to Asia in early November. Meanwhile, the London Bullion Market Association (LBMA) Annual Conference in Barcelona just ended yesterday. As in previous years, conference participants announced the forecast of how much gold will cost during the next annual conference. Although the prediction is often missed, but not infrequently also the position of gold prices were skyrocketing well above the forecast. This time, conference participants expect the gold price to rise to $ 1369 an ounce when the conference is held in Boston next year, or 6.6% from the benchmark Tuesday afternoon at $ 1284.75. However, according to BullionVault, this prediction is one percent lower than the average forecast price on the last ten LBMA conferences.

Got up after the Employment Change report, the Australian Dollar seemed to move down erasing gains at high levels following China's GDP data. China is the country's number one trading partner for Australia, so its economic data report has an effect on the Australian Dollar exchange rate. AUD / USD surged to 0.7871 from 0.7848, after the Australian Employment Change report reported higher. The Bureau of Statistics ABS noted, Australia's Unemployment Rate dropped to a four-year low, at 5.5 percent in September, in line with market expectations. That level, which is also better than the level in February 2013, combined with an additional 19,800 jobs in September. Yet according to market predictions, additional employment in Australia in the month will only reach 15,000. The growth trend of Australia's productive age workforce also increased by 0.7 percent, to 61.6 percent. This figure is the highest since August 2012. Full time workforce (full-time) increased by 6,100 people while part-time workforce increased 13,700 people. The magnitude of the Australian Employment data this time has led economists from NSW to add an optimistic view. If the unemployment rate is able to reach 4.6 percent, then Australia will enter full employment round. However, once China's GDP data is released thereafter, AUD/USD does not increase its gains and drain its gains. AUD/USD fell to the 0.7846 level after the China Bureau of Statistics reported that the country's GDP for the third quarter was at a 6.8 percent percentage, according to expectations.

But it doesn't mean it will collapse and by the way that is one of the most stable payment processor i have seen and still online for more than 5 years without much hassle aside. Also imagine if perfect-money become too big just like what happened to LR. It will attract unwanted attention from FBI and other things which is bad for it, for now PM is big enough too.

You want the card alone? Well that is not possible and you cannot paid it with bitcoins, It is a card which come up with the account you have in payeer, so in order to get that you must create an account in this payment processor but it accepts the exchange between payer dollars and btc(bitcoin).

Because it was, right now Alipay is increasing its own presence thanks to big market base they had locally and other country which affected by China's influence such as Central Asian countries. Paypal is no more the leading one and but it is still one of the best payment processor you can use.

No matter what demo account will always be exist, it is important as real trading which become the real place for people to earn money. I think traders in forex will decrease dramatically if demo account is not exist anymore in all brokers. There is no place to do an experiments with new strategy or the place to practice for newcomers.

That is true more risk then more profit but imagine that if you pursuit bigger profit but instead got bigger loss? How about earn small but able to do it constantly Less Risk But Still Able to Get Profits with lower chance to getting closer towards margin call. When i say small it is relative and not absolute like $500 for me is big enough but for some veterans i think $500 is pretty much small for monthly earning especially with big capital traders.

Depend on the session. In Asian session or New York session is not a big deal for them because what they want to find is relatively calmer situation so they can predict it easily which means there is relatively abundant liquidity that time. Yes, it is all depend on their scalping ability and style, not all scalpers also use small lot size like 1 micro lot.

Emotions are parts of humanity which means parts of us. To handle it better don't mix it so that is why i think it is better to control our emotions. By controlling emotions to relatively good state isn't easy task. I recommend to keep trading and feel how to control emotions or apply some tips from broker's based blog you find on internet, that is so much helpful.

Yes i do agree with that risk management part, and has been proven to me many times before. It is saving you ass from so many uneccessary losses. It is true forex still as risky business but in the end if we are good enough we can control the risk to our own mind and get better earning, so keep practicing and take an action.

Not i think, the strong point of Euro because there is Germany and French. The main core countries, well both cores are what fuel those EUR. Italy economy isn't as good as before but still considered as developed countries, so do Spain. Some think because it owned by mostly developed countries.

Not all have strong willingness to survive in this business my friend. Some of them are not suitable thus make them seems like a quitter rather than like me or you. I agree that forex requires a strong mental capabilities but it doesn't mean that you can do well in forex, you also do well in other business such as Stock for example.

All traders should know about this in order to quell their emotions and also to make them able to face the reality, forex may sound like easy to get but that is not easy at all, it is a hard business and trader need to know about that. Just by too high expectations could lead to margin call, a condition which i hope never meet once again.

So this is just about your current monitor size? That is not a big deal if you are a news based trader you just need a responsive phone or smartphone without any bloating software inside and save your RAM. Trading through MT4 android or iphone is pretty cheap to your system, it just tax it a bit not like playing video games or anything and the good thing is that you can trade anywhere.

If you trade in demo account i think that is not a big deal, but what i want to say here to trade in real account is pretty much exhausting unless you treat real account just like demo account where you get just nothing from the profit you made. We don't make profit every day and to keep doing that forever is practically impossible feat.

Gold prices were observed to decline in Asian trading session Tuesday morning. Where geopolitical tensions and rising demand for physical gold in India failed to shore up gold prices, due to high prospects of rising US interest rates. Spot Gold which is XAU / USD observed to fall around 0.17% to around 1292.82 this morning, having briefly reached above the 1300.00 threshold last night. Geopolitical tensions in the Middle East continue, but fears have subsided. Iraqi Government troops occupy the Kirkuk region to prevent the independence of the Kurds. On the other hand, US officials are throwing up rhetoric to quell the trumpet due to Trump's attempt to deny Iran's nuclear deal, insisting that the US is not intending to break out of the deal. From the United States, expectations of rate hikes at the end of the year, again came to a boil after the market examined Federal Reserve chairman Janet Yellen's comments. Although last weekend's US inflation report tended to be sluggish, Yellen confirmed that the central bank would still raise interest rates.

The Australian dollar declined steadily in the trading session Tuesday this morning, following the release of minutes of the Bank of Australia (RBA) meeting. AUD/USD is trading at 0.7839 or falling down around 0.17 percent from its previous position. The minutes of the RBA meeting that took place in early October again reiterated that policy changes are more dependent on Australia's domestic economic conditions, unaffected by other central bank policies. The RBA is known to keep interest rates at the range of 1.5 % this October. According to Paul Dales, Capital Economics Chief Economist, in the minutes it is clear that the RBA wants to emphasize that interest rate hikes in other developed countries have no effect on RBA monetary policy. In addition, according to the RBA, the Australian Dollar exchange rate movement is currently largely dictated by US Dollar conditions. The Aussie currency is somewhat depressed in light of the prospect of a Fed rate hike that runs counter to the RBA policy.

The US dollar strengthened against other major currencies in Asian session Tuesday afternoon, supported by the rise in US Treasury bond yields due to Trump Effect. The US president, Donald Trump, is reportedly favoring the hawkish-hawned Fed Chairman to fill his term starting next year. US Treasury bond yields bounced up from a two-week low and added to Monday's gains after President Trump declared his liking to Stanford's hawkish economist John Taylor. Compared to the current Fed Chairman, Janet Yellen, Taylor is more hawkish and does not rule out replacing Yellen. USD / JPY declined 0.1 percent to 112.070, and traded at 112.122 after that comment. Meanwhile, EUR / USD declined 0.15 percent to 1.1780 and continued the decline to 1.1778 as the news was written. GBP / USD slipped 0.1 percent to 1.3241.

September inflation jumped to its highest level in five years. Official data reported on Tuesday this afternoon is expected to strengthen the reason for the Bank of England (BoE) to raise interest rates next month. The ONS Bureau of Statistics reported that the UK Consumer Price Index (CPI) - a key parameter of inflation gauge - reached 3 percent in September (YoY), up from 2.9 percent in the previous month. The number achieved again the first time since April 2012, as well as in accordance with expectations. The rise in inflation - caused largely by the declining Pound exchange rate since the announcement of the Brexit referendum result in 2016 - has sparked revenues this year. UK economic growth slows as employee salaries fail to accelerate as cost of living increases. The majority of Reuters economists predict that the BoE will take action at its November meeting ahead, because if the monetary policy changes are made this month, then it is feared would be a wrong decision. Following the UK inflation report, GBP / USD rose in moderate volume and traded around 1.3257 although the candle needle pierced level 1.3287 shortly after the report was released. EUR / GBP decreased about 0.33 percent to 0.8872.

Liquidity by definition is the ability of a valued item to be transferred into currency on demand so in short you can trade and get that in nearly instant time. So when you’re trading currencies or Foreign Exchange, you’re trading a market that is by itself, liquid. If the market is not liquid i think you will get re-quote more than you ever imagine.

5 trading per day? That must be some kind of bigger lot size scalpers to me. I trade just once in a day(this is depend on the news once again) since i think get like 40-60 pips are good enough for small fry like me. As for controlling trading, i think all traders should have some sense of trading control and not to lose it to automated system.

I think that you will be able to process that experience well when you have someone to guide you. The process is way faster, even not really necessary we cannot say that get a mentoring from experienced traders will give us another benefit compared to someone who learn by theirselves.

But as the thread starter said, it pays off. Overall long term trader earning would be hundred or even thousand pips. It is not like scalpers or other day trader which has smaller pips. As long as you patient enough and have a good strategy to contain the risk and optimized the profit in long term, it will be pays off.

But how trust they are when they even choose a lax regulator instead of a strict regulators which is credible enough to regulate? If they want to be well known as a trustable one and really trustable, i am sure they must spend more money into regulator to prove their credibility and surely allowed to be regulated by a strict regulator.