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pepy

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Everything posted by pepy

  1. pepy
    Forex is a really difficult business. So prepare yourselves and to make money with forex you have to know the technique and have enough experience. The good thing with forex is that you do not have to be worried about competition. Unlike all other businesses, the more people work on forex the more chance you will make money because it will make more volatility and movements.
  2. pepy
    Well i must say that is depend on the way you see mobile forex trading. Desktop trading is actually better because you can see lots of indicators in one monitor especially with that 4k monitor, but with mobile phone you can trade anywhere, it is more mobile and one more thing that with news based trading you can trade the same just like with 4k monitor because you use no or just few indicators.
  3. pepy
    If you don't include any bonuses from the broker surely your investment will be much lower but if you included then it will be bigger. One thing is that the source of bonus should be transparent as possible so we know from where that money which maybe comes from "dark" source.
  4. pepy
    Yes that is the fact, forex has way more interesting leverage to offer not to mention that it also pretty much volatile and also have relatively higher liquidity which make it more interesting and more plausible for someone who prefer speculation over investment.
  5. pepy
    SL is good feature but Trailing Stop is basically SL which move depend on the condition on the market, you get more pips it will rise step by step. I use trailing stop as the buffer zone between TP and SL, once i get more pips and if there is around 20 pips difference between my opening position and current position, it will move.
  6. pepy
    Scalpers is a good type of trader where we can learn from. They make profit per position but in small amount, pretty much low compared to other traders who target bigger profit. If i am on the same spot i would gladly to trade for it. However, i still grateful even for 0.XX $ i've got for my trading. It is better than loss.
  7. pepy
    Weak mentality affect trader's career in forex in long term, with that you can easily lose and won't even have any willingness to recover yourself. The thing is that with this kind of mentality you won't survive in this business, you cannot become a trader, you will often keep losing your own money and get nothing.
  8. pepy
    One of the reason after saw my experience in forex so far is growth. From small amount of capital to bigger capital is really satisfying even i still struggle and suffer losses in few tradings back. Overall, forex still has a lot of growth room for small traders, even for big kids on the block still able to grow as more currency connected.
  9. pepy
    Overconfidence is newcomers enemy, well not all but you can see some of them easily think that they are some kind of special species that can easily make profits. If you believe trading is super duper easy, you’re done before you even started. Trading is not that super duper easy. Trading is hard. It’s hard to consistently remain mentally focused and stay disciplined.
  10. pepy
    Well, according to me liquidity have some advantages such as in an unexpected event or tragedy, liquid assets provide a safety net. Moreover, high liquidity provides financial freedom in the form of buying power. Liquid assets such as cash or currency in an account provide account holders with immediate access for a large or small purchase.
  11. pepy
    Some traders have their own consistency to make profit, as for me the consistency rate is quite low around 60%. If you reached around 70% or 80% i think that is consistent enough. Well after seeing your post, it seems i got a new enlightment. We can think forex as money factory, but in a positive way not the destructive way like many people think before.
  12. pepy
    The question is how good the system? Profitable enough? do the earning relatively constant? or very volatile?. This feature is good for some traders but not all traders will make it, there is still a requirement to find another good trader/s which we must copy from and to see the right one still not an easy thing to do.
  13. pepy
    Experience is a good teacher for all us and without doubt it teaches us a lot of things from how to react to the market or how to avoid so much losses in shorter span. My take for this issue that experienced yourself how to trade in forex and gain more valuable knowledge for it to expand your skills into another level.
  14. pepy
    With scalping you don't need stop loss or something like that. It is actually possible to use SL but it would be more convenient to use manual action to close the position, i think that is more adaptable in the case of this trading platform. Scalping also need a constant looking so you must keep aware of the current floating position.
  15. pepy
    That is risky if you don't have any control over your trading. From my point of view it is good to have some control and not full control. Without control means that you don't have any power to control your trading which means that you are using fully automated trading system. Gain most control and leave the small tedious task to automated system.
  16. pepy
    Lol, it is not all about capital. It is all about is that good to trade via mobile phone or tablet? Or do you enjoy it? Or any tips about trading via tablet or smartphone? In fact, the penetration of FX and Mobile Phone throughout the world has changed the scenery of forex. People can trade from their mobile phone just like with desktop they use before.
  17. pepy
    Money and paradigm. I mean you can get it all like lesson from others if you had money. In reality, not all of traders have money to hire a tutor. The fees are not a joke, and the other thing is paradigm that you can be successful without any tutor hired, you can learn by yourself, and it's not easy to find a competent trader.
  18. pepy
    Couldn't agree more with your statement above, it is true forex offers a lot of advantages over stock market. One of my favourites is the relatively lower investment and yes that leverage which helps me to trade with small capital. Not to mention you are the boss so it is up to you to trade here and now.
  19. pepy
    We cannot avoid loss? So if I made a profit and then it means I cannot avoid loss? Sure I can. By having an accurate analysis you can avoid losses and gain profit. There is actually exist a strategy without loss but as you can see the earning is more passive and just in small rate, not really worthy for someone who seeks typical profit in forex.
  20. pepy
    Mostly brokers give fast execution usually under 1 seconds or for about 20ms to 1000ms/1 sec. Scalping indeed a profitable trading system for some people who feel it is suitable for them. Fast execution and accuracy are needed in this strategy, also you must consider all spread into one place because of this.
  21. pepy
    AUDUSD is making an effort to fall down further. On 30-minutes timeframe chart AUDUSD still failed to break low SMMA300, this made AUDUSD recover a bit but it seems that Stochastic(5,3,3) seems to fall towards level 67, while RSI falls down towards level 54, MACD also show lower high signal. Overall, this pair may weaken more considering the whole indicators with the target as low as 0.8050.
  22. pepy
    EURJPY based on 1-hour chart still hold its position around EMA100, and still show a potential to break it signaling that there is a strong bullish potential which may happen, considering that Stochastic will rise to around level 62 and RSI is located at around level 54. The conclusion is EURJPY may strengthening towards the support at 131.25
  23. pepy
    On 30M chart it seems that NZDUSD still weakening than before, but this session NZDUSD seems to rise above SMA85 . Stochastic in this case is around level 77 and RSI is around level 57, both have potential to rise indicate that NZDUSD will strengthening its position. As for SL i prefer in the area around 0.7240 as the average point.
  24. pepy
    By the way why we should have some kind of hidden reason when our real reason to trade in foreign exchange is actually for money. This is not so hidden if you ask or investigate someone secretly you will find this is their motivation, so i think there is no such a hidden reason to be a forex trader.
  25. pepy
    I agree with the whole statement and according to me, traders may become a better trade also through losing our pips it will teach us a good lesson about how to behave later. Moreover, loss word is common word for traders, even for big traders which lose like thousand or even more dollars, just like what happened with Soros and His Foundation a few months ago.
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