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pepy

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Everything posted by pepy

  1. pepy
    Gamblers are too much but you know that speculation more like gambling isn't it? What makes it different in forex that we use some data to backup our prediction or I must say speculations or the crude one is our conjecture. It is unwise but it is the easiest way to getting experience but also it is hard to make difference between those two isn't it?
  2. pepy
    As long as you able to control the trading so it won't affect your life, it would be good but the way to do that is different to each person. Some usually do meditation so to lower their greediness, but yeah in reality forex affected all traders life like you must wake up at 2 AM just to follow the speech( i live on GMT+8 timezone).
  3. pepy
    From speculation point of view you will see the similarity between foreign exchange and also gambling but for the whole concept of those two businesses then they are fundamentally different especially in the part where you must trade with risk management if you want to survive long enough.
  4. pepy
    Demo account is pretty much important for all us, it is our first place to taste what is trading in foreign exchange means. Demo account also a good place for veteran traders to do an experimental thing like a testbed for their newest automated trading system. In this modern fx, a demo account is irreplaceable.
  5. pepy
    Trailing stop is dynamic stop loss where it will move depending on the price movement, so the more profit you get the more Trailing Stop will take its position. It is important especially if you prefer to take a long term approach to your trading. It will able to lower the loss and yes i still use trailing stop for 200 pipettes.
  6. pepy
    But what kind indicators which we should have here? News is of course that i will choose but still, i need technical indicators to give me more accurate signals, this is just as trick to know when is the right time to open a position and close it. It is all purely based on technical analysis but for the bigger pictures, i still depend on fundamental indicators such as news.m
  7. pepy
    According to my own 2 cents with discipline, you can become a better trader and this is the fact, one of the most important parts here is that to be a disciplined trader, you must keep trading and keep trading also applied those things you know from your knowledge into practical trading.
  8. pepy
    It is freaking hard to do that and nearly impossible because we are driving by our emotions here, what makes us want to make money here is because of the emotion. The best way like many traders here said is all about control the emotion, once you are able to do that then it will you won't have problem with emotions
  9. pepy
    AUDUSD on 1-hour chart seems to get stronger and had a chance to break SMMA300, also strengthening its position which still way above SMMA80 which keep the bullish potential for this pair. The conclusion is AUDUSD may have limited strengthening movement, but if Stochastic is overbought, the price may fall towards 0.7295 - 0.7950
  10. pepy
    If you consider it as gambling that could be the job but it is pretty much risk because making money in gambling doesn't take any kind of risk management to control the loss, while in real forex trading even though we speculate but we have some kind of risk management that could lower the risk we face.
  11. pepy
    Hm, non-dealing desk mostly is floating spread account, it is very rare to find a broker which offers fixed spread account. Fixed spread account is common for the broker with dealing desk option. It is because the broker is the market and they can control the price through any kind of means so it makes sense for it.
  12. pepy
    It is not easy to do it, the key is a prediction, if you failed to make a prediction even you exit the market faster rather than the other typical trader you still lose the chance. Scalping is profitable but you must know that it imposes some kind of risk which you must consider before you start to make an action.
  13. pepy
    It is not the case, copy trading means that your Take Profit or Stop Loss and other features will be matched to the trader's you copy first. It is the automation of copy trading which many traders prefer when they use copy trading. So no Money Management and Risk management here everything is copied.
  14. pepy
    Yes, i cannot stress it fully enough. Plan, Plan, and Plan. You need to systematically plan your strategy and also anticipated all the outcome which may happen later. It is not easy, but you need more experience to make it less easy than before. It applied not just in Stock but also FX, and even in other high risks financial industry.
  15. pepy
    This is also one of the biggest reason before I decide to jump into forex for the first time, It is too risky since I don't have the knowledge and even if I had a set of knowledge my skill was still at zero level. I took like few weeks to gather more data and decided whether I would try it and did a practice after that. After like 10 months of practicing I decide to invest and trade in real account.
  16. pepy
    Who want to fail? Tell me? Ready to fail and want to fail is different thing and word. If you want to fail you will do it intentionally to fail but if you are ready means that you are trying as the best as you can to avoid any losses. People are scared is the part of nature but that makes a sense because foreign exchange is a risky business
  17. pepy
    If that is the case then I think it is okay to trade with multiple brokers if you able to trade simultaneously with less delay or trade when the market's volatility isn't that big. That will help you to rebalance your own focus and trade in more than one broker would be possible without much hassle.
  18. pepy
    I can't give you that live data sample, but the advantages of low spread are you get lower cost, 1 pips even make difference especially if you choose bigger lot size which means bigger value too. And about the broker that i want to choose for low spread is typically ECN brokers, a broker like Dukascopy for example. But ECN brokers need bigger minimum deposit.
  19. pepy
    The big problem indeed but actually there are some legit dealing desk broker we can use, but they are more like big brokers which need big investment from us rather than small investment from brokers we know. The worst is bucket shop broker, a less regulated broker which almost is dealing desk and really scammer to the core.
  20. pepy
    Sure even manual trading also never guarantee that you will make more money than what you are expecting right now. You said automated trading do that but manual trading is the same. So what's the deal? Is this some kind of a joke? This is barely the psychological effect from traders which feel safe with their own mind than transfer it to automated trading.
  21. pepy
    In demo account, we can hone our strategy and skills or even put the experimental automated strategy into the platform without worry to lose our capital, but in real account the loss is real so it is better to be wise for us when want to hone our skill there. I prefer to make money there but we cannot deny the fact at the same time I hone my skill there.
  22. pepy
    A bad broker which everyone should avoid, first of all, if your broker is limiting your scalping activity then send to their support a PM asking for the reason. Usually, they have their own reason but mostly are nonsense. The most acceptable one is the server problem and so on which is not make a sense for big broker with thousand clients. 99% bucket shop broker with dealing desk version capped scalping.
  23. pepy
    Perception for sure but it still too low, when we did math i am sure that a broker doesn't want to lose their client and give the funds for free. Nothing free of charge in this world and the bonus is practically too low for long term trading, usually, you get around 1% from total investment and it must be in high amount like $10000 for example.
  24. pepy
    Not just the broker you are using right now but also the other broker's demo account. Just make sure that broker is not bucket shop. By the way, if you are ready enough to learn just learn. Dedicate some of your time to learn and to practice if you can spend like 2-3 hours per business days. That is not that taxing but is enough to give you an insight how to trade in this risky business.
  25. pepy
    In the end, the more you compound on forex the more capital you have which means that you will earn something that you may not earn before. It is important for new traders or traders who are in developing area and still pursue to get bigger pips, but for settled traders I mean traders with fixed earning and happy with it, they tend to do cash out.
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