pepy

I think that is not some kind of addiction, it is just the matter of finding knowledge and nothing wrong with that, sometimes we want efficient way but we can't find it. Addiction in foreign exchange is clear, like overtrading. It sometimes lead to delusional thinking which mostly will make that trader lose more money.

As I said before it will boost your productivity, it will give you the access to the market faster than desktop. With nowadays smartphone the power of processing more than one indicators on mobile trading is more than enough. It will give us also more flexibility to trade from anywhere, not just from home.

Sure it is a good way to think and actually that is what happens at the moment, but regulation will help you to decide what kind of broker you should choose. Regulation is like the first and outer firewall to protect your cash from bucket shop broker that only want to rob you in long term. So, until now I still think it as an important matter.

You can format the foreign exchange robot to follow the fundamental analysis but the with various result. Yes, it is a good option for 100% automated trading system, but also if you failed to applied it in the right time, your account may have chance to collapsed and reached margin call. Manual still preffered up to now.

I think that not just wwned by many countries and also believed to be a strong currency by a lot of traders around the world. Imagine if people trust towards euro is low the currency rate would be low and it is not that strong, also considering that EU union still overall actively make an export to the other countries.

Yeah that is true but there are some brokers which is typically bad broker or bucketshop broker and limited the trader chance to get more money from scalping, they also have some rules where you need to wait for several minutes before you can close the position while scalping. In fact, doesn't have that kind of limitation.

That is a good idea as it seems like diversity in terms of using the brokers. The risk is also bigger for us especially manage more than one broker is actually not an easy feat to do for some brokers, while the others may think that is not really hard thing to do. As long as you have the skill to manage it then it won't be such a big issue.

Scalping is possible not just in high volatile market, in fact in low to medium volatile market scalping is work. Scalping requires just smaller amount of positive pips. We know that fees are trouble not for just scalpers, but for all traders who are sensitive to the market's commission. We are trying to diminish the fees and our loss chance rate.

No brokers? You forget dealing desk type broker? They totally want you to lose if not in short term it must be in long term. In dealing desk, you are against the broker, it is you with broker not you trade in the market where people trade to each other. In more fair broker aka non-dealing desk, broker still gets profit but in form of commission like spread. So the more you trade in non-dealing desk, the more they love it.

No matter what is the reason behind using that pair the last thing we are all looking for is money. I am sure the profit they are looking for is bigger compared to those wide spreads. I also think that since the liquidity is pretty much low, it will be easier for someone to become a market maker and drive the price to one point faster.

Just like stop loss, take profit is the automated way for trader to control the risk and lower the chance of emotions involved. Worthy for me and you and maybe to some other traders, but not for the others. I think the answer of this thread would be so much subjective compared to before since for some it's worth while not for the others.

Brokers with the lowest spread are ECN and then followed by DMA and then STP. Most of DMA and STP brokers are non-dealing desk while ECN is a pure non-dealing desk where you connect only with the real market which scattered throughout the world. If you want the real lowest one try ECN brokers, for example are Dukascopy or Interactive Brokers.

Lottery? Poker? LOL, forex is different even yeah I must admit it has its own similarity but still, forex is equal to stock or futures trading. If you want to trade with Stock you must prepare large sum amount of money, I don't know yet much about futures but it is all about trading with contract and also commodities.

If you already have the basic knowledge of how to trade in foreign exchange I suggest starting to open a demo account right now. It is not like you will be able to trade next week or next month. First is experience, gain it in demo account with near zero risk and when you are ready, invest the real money in real account and then start your journey there.

For all, this is what we should do any we must do later. Implementation is a hard thing to do but once it is successful then trade in foreign exchange becomes a possible thing to do. Every single trader has their own experience when trade from good to the bad one. Take that experience and use it as your own tools to reach the success.

So it is okay to use automation or robot for the sake of making some earning streams? Manual Trading still the favorite but it is not really manual because i am using Take Profit and Stop Loss. But in this case, we are talking about the analyzation, of course, manual analyzation is 100% way better for traders because it gives us chance to do it ourselves.

Yes, lower risk means a lower problem and less woriness. Stop Loss is an example of automation, it helps us to reduce manual job which sometimes intervened by our own emotions and other aspects. Stop Loss also appear to be more accurate when executed the position than humans manual clicking.

Sure risky but a lot of traders around the world want to take the risk and make a living here, right? The example? I and You are one of the examples. Just for your own information, I decided that in future I could do full-time trading. Lots of traders do that, and this is a business, not just a job where you got your own pension and so on. If you want to stop before retirement age is okay, but you still can do forex even if you are 80 or 90 years old. It is just capital and good mind to preserve also gain the capital at the same time.

Forex by its nature which means its openness and its decentralization also its flexibility become a good place to do money laundering and I think the essence of what we are talking about here is that. I think each country possess their own anti money laundering act, isn't it? So this Yakuza could be stopped by use that law, even actually harder but to reduce the activities is a good feat. But how about if they paid tax even in relatively smaller amount than what they should do?

Sure no matter what it will be one of the most popular business that anyone wants to sacrifice for. The rate for success is also visible here and with a lot of stories shared by other traders motivated the other newbies or someone who struggles to make the profit and thanks to the internet it is easier to spread some of those success stories and forex will be popular as ever.

If we are talking about non-dealing desk then they still make the profit from our loss, what I mean by that is they will get their fee and that is all, so if you win and lose it doesn't matter for non-dealing desk broker. For dealing desk, well your loss means their profit in literal sense. You or Them, you against them.

Up to now, i don't see any reason why we should leave this feature, it is a good and nice feature and will give traders more chance to optimize theirs. 100% feature which I appreciated because it is a feature which is in the right place and the right time. If you planning to do other strategies aside from scalping, I suggest putting TP.

MT4 is the best platform for now, but it doesn't hurt to learn the other platform, I don't recommend MT5 that is just like MT4. If you want to learn other platforms such as Jforex or proprietary platform which offered by one or two big brokers but just use it for demo account. For small retail traders, i think MT4 is more than enough.

You seem out of the context here. Demo contest is a good way for a trader to prove themselves to be a good trader or not. This is like an exam to see how proficient somebody to trade in forex. The contest is pretty much easy I mean it is like typical trading you did, but the competition is fierce because you must make as much profit as possible.

In long term, the compounding strategy means you collect more money and put it in one pool. Actually, this is not bad but if one wrong mistake happened then you can bury all the whole capital and struggling to reach the top once more. With compounding, you don't have to make another investment aside from your initial investment.