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Euro rose toward $ 1.20 level in the trading session this afternoon against US Dollar. That level was reached for the first time since January of 2015. The US dollar itself is falling, especially against Yen, in light of the latest geopolitical tensions caused by North Korea's missile provocation. EUR / USD touched a high of 1.2033, the strongest level since January 2015. The pair has traded around 1.2037. Hopes that the European Central Bank (ECB) will soon announce its plan to reduce its bond purchases as an attempt to tapering monetary stimulus, has been a major driver of the Euro currency so far. Against Pound Sterling, Euro also gain a rise as high as 0.31 percent towards around the level of 0.9290. This level is the highest since October of 2009. As for now, EUR / GBP has moved down to trade at 0.9288. During the year 2017, the Euro has risen as much as 9 percent against Pound sterling. This condition is a reflection of the divergence of the economic outlook and monetary policy Zone Euro and England.

See? that is why we need to control ourselves. By controlling ourselves we can control the emotion that actually the part of us. You can use your greediness in the right way and obtain more profits and you may able to expand your own capability to afford bigger lot size thus get bigger profit it means you don't have to get bigger pips amount.

I rather say that in order to survive in this business either you become a successful trader or struggling to survive, you should never see the foreign exchange as gambling. Treating forex as serious business is preferable because with that you will be more careful when you trade and use more strict Risk Management

Luck exists but you just don't realize it the problem doesn't rely yourself on something such as luck. It is an unreliable aspect which so random, compared to education, luck, or even experience. As traders, i advise anyone to first educate yourself about forex and practicing to gain experience. More experience = more proficiency.

I don't get what is your maximize well meaning here but aside from there are a lot of chances for me to get profit by trade here, i also have a chance to trade at any time and everywhere I want which means the flexibility of foreign exchange that is difficult to match by other high-risk business.

Usually, traders prefer the session which could bring them profit and that is the session with higher liquidity. The good example for this one is New York session which makes a big movement on major pairs such as EURUSD or GBPUSD and also there is overlapping session exist during NY session, so you can say that is a good session to make pips.

If you look at the thread starter's opening statement you will see that what he/she was talking about is copy trading. All the system copied and then we as a trader can only see the result. Good if you able to find the right trader you want to copy, because the whole system will be copied like SL, Trailing Stop, and Take Profit.

So what is your view about take profit? That is something we set manually but the execution of take profit is actually automatically without our own interference. Also to define how much profit we should put on our own take profit meter is not a rocket science, just put twice from what you can afford to lose.

Fix that real account is the place where we lose our money? Anway the trading platform doesn't connect to that. The platform itself just as middle-man like the broker. An agnostic platform such as Metatrader will give us a chance to execute the trading faster than what we imagine in multiple brokers and not just in one broker.

Invest what you can afford to lose in high-risk investment like foreign exchange. Never spend your hot money into something like forex instead invest it in gold bar or other low-risk investment programs. Also, spend your investment wisely by apply the strict risk management and never foolishly trade when the time is bad.

Eh? What are you talking about, spread is helpful? Maybe you are on the broker side right? Do you wonder why many people trapped by fixed zero spread broker trap because spread is actually more cost for us which could be bad if we don't wise to tackle this issue by opening a position at the wrong time. Fixed or Floating, my answer is still floating.

The Harvey storm, which was originally estimated to include a third category hurricane, fell on the Texas coast as a category four hurricane. As a result, the big flood drowns about eleven percent of the US oil refining capacity and a quarter of US oil production from the Gulf of Mexico, as well as forcing the closure of ports along the Texas coast. Brent Oil futures prices opened this morning soaring, and when news was written, it had risen 0.25% to around $ 52.56 a barrel. In addition to Hurricane Harvey, the price of oil is also driven by Baker Hughes's recent report that there is a decrease in the amount of oil drilling rigs in the US as much as four to a total of 759. However, West Texas Intermediate was minus 0.33% from its closing price last week to $ 47.70. There has been no announcement, but rumors suggest the US Federal Government may release petroleum deposits or refined products from the Strategic Petroleum Reserve (SPR) which holds nearly 680 million barrels of oil, to prevent a spike in domestic prices.

Gold prices soared to its highest level in a week on Monday (28 / August) this. The US Dollar's losses due to investor disappointment over the Fed Chairman's speech at the central bank conference in Wyoming are the basis for the strengthening of gold and Euro prices. Spot gold rose 0.5 percent towards $ 1,297 an ounce, after touching a high since Aug. 18 at $ 1.298 earlier. In previous sessions, gold had gained up 0.4 percent. Meanwhile, gold futures for December delivery rose 0.14 percent to $ 1,299.66 a troy on the Comex Division, NYMEX. According to analysts, Yellen and Draghi gave an ambiguous impression of monetary policy in his speech in Jackson Hole yesterday. Therefore, the market uses it as the reason for the emergence of uncertainty, thus raising the price of gold. Moreover, the price of gold could reach $ 1,300 per ounce this week, as long as demand for safe-haven is still high. The main issue is the development of relations between the US and North Korea and US developments with NAFTA.

The US dollar weakened against Yen in the trading session Monday (28 / August) today, due to the failure of investors to get clues about the monetary policy of the Fed and ECB from the Jackson Hole symposium that was held at the weekend. In addition, economists are also studying the effects of Hurricane Harvey that hit Texas last week against the US economy. The US dollar weakened after Fed Chairman Janet Yellen gave no hints about US monetary policy in a speech in Jackson Hole, Wyoming. Thus, this speech disappoints investors who expect hawkish statements from the number one person in the US central bank. The Dollar Index slumped to 0.25 percent against major currencies towards around 92.501 today, adding to earlier losses. Markets were disappointed by Yellen's speech so they sold their Dollars and pushed down bond yields. For this week, the market will refocus to US, awaiting US employment report data. The market will assess the impact of the US NFP report on the Fed's monetary policy.

The euro extended its gains early in the trading session Monday today, to a two-and-a-half year high against the US Dollar. EUR / USD added 0.1 percent rise to 1.1959 early in the session, the highest since January 2015. Nevertheless, EUR / USD has fallen from the peak, with the trading flat at 1.1923. The Euro against the US Dollar this morning was influenced by Draghi's speech in Jackson Hole, Wyoming, over the weekend, as well as market concerns about the impact of Hurricane Harvey on the US economy. The strength of the Euro can not be a major complaint about the region that is being benefited by the large trade surplus, a stable economy, and already endangered deflation, such as the current Euro Zone. Thus, there is a chance for speculators to buy Euro without worrying too much.

It is so funny, pick the unpopular pairs because it doesn't have wide spread. In fact, popular pairs which have low spread in most conditions while the one that has wide spread is actually unpopular pairs. Popular pairs are good for traders who are still newbies or want to trade in a safe way rather than confused with how to make the profit with unpopular pairs.

But one thing that i learned so far from trading in foreign exchange that you can trade anytime during business hours even I prefer at NY session mostly. Trading for living is actually possible and many traders did it, I hope someday I will but yes, it's not that easy but I think not really hard especially if you are not in hurry to make a good income.

Well before that, i want to say this platform is based on Java, so you can code in JAVA to create an automated strategy. ForexFS is the other broker and NSFX also offers this platform. It has Integrated ECN and STP trading technology and also supported the deep market. Basically pretty powerful platform to use.

Eh? Multiply learn? I don't get it, By the way, compounding means you don't withdraw your profit and instead keep trading with the current capital you had. The good thing about this is you have a chance to trade with bigger lot size, but the bad thing for this strategy that you may lose your profit or even more without having the chance to withdraw the profit.

No deposit bonus means you will get a capital for not making any investment? This is sound ridiculous but still possible for some broker which come up with low-cost strategy. In fact most of the broker which offers free money deposit usually bucketshop, but using the theory I think that no deposit bonus also have the possibility to help traders achieve the success.

Until now lots of people still use it because it s useful account for all of us and without doubt the most important innovation for all humans who try forex for the first time, as you said it's also a good testbed for automated system aka forex robot, or somebody who wants to experimenting with strategy that they just find out.

That is why i am still using it until now but i only applied it after i set my TP and SL, usually around 1-3 minutes after. Trailing Stop is a great feature like SL and TP for manage the risk and cut the profit automatically, it will shine for long term trading so they don't have to suffer many losses instead still able to get few profits from the strategy.

Just said that you are improving yourself right now, is that mean you gain the control over your trading? Any kind of correlation with the thread we are talking about here? Well, to me control over trading is good but how good that depends on you. Manual trading could be a tedious act, you must take everything manually while actually there are some you can do automatically. For opening position which is pretty much crucial for me must be a manual act.

The one which sells robot will sell robot. The robot must have some weaknesses and it surely has some bugs inside, talking about AI nowadays AI will try to imitate human and try to be better than human in this trading aspect. So i don't see much problems yet but overall FX AI is something hot with machine learning.

Let me remind all of us here that regulation is not the final words here. As you can see that there are a lot of traders that still lose the money in a regulated broker. Also, it is not a guarantee that the broker will follow the rules even regulated. They might change the course and scam us later.