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pepy

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Everything posted by pepy

  1. pepy
    Compounding based on my current knowledge is important but depend on the trader's position and condition, for me I think it will keep withdrawing since up to last month I still compound but cannot recover so much. If you want to expand your capabilities then it is a good idea to compound your profit into your capital.
  2. pepy
    But it doesn't make any sense that there is a broker who wants to restrict someone to do scalping, in fact that is good if the broker is non-dealing desk. Scalpers usually open more than one transactions and closed it fast. Imagine they do 10 transactions per day, how much spread fee that broker get, it is just from one trader how about thousands or more? Well, i couldn't imagine it but that would be enormous.
  3. pepy
    Trading via mobile phone isn't a bad idea and I think that would boost the productivity for some people especially for the one that doesn't have access to PC even actually PC is quite cheap but with Android Phone it could last like 24 hours and easy access to the market, also it needs less electricity.
  4. pepy
    But cost still something that we should consider before taking an open position. Fees to some traders are big trouble while the others think it as a must condition so broker and trader will get win win solution. By the way, withdrawal fee is another thing but mostly the fees come from your own bank and not the broker itself.
  5. pepy
    Not just the broker you are using right now but also to all brokers, there are a lot of brokers out there which already regulated by its own regulator/s. I personally prefer a broker which regulated by strict regulator, more than one if possible and not the lax regulator which a place to many brokers which love to play in "gray area".
  6. pepy
    Basically, it is the same but what makes it different that stock has less liquidity compared to forex overall, the pool is centralized while forex pool is actually decentralized and become one at broker's pool. Also Stock has less working hours even you still able to order after working hours that still considered as pending.
  7. pepy
    @ myregister : Excuse? For what? In fact, the no deposit free bonus is a good start for ultimate newbie who doesn't know any single cents about foreign exchange, the amount if not that much but still allow them to start trade with 1 cent lot size. If the trader is patient in 3 or 4 years they can earn 3-4 digits depend on how much profit they made.
  8. pepy
    It seems i still failed to find the correlation between addiction with money management and risk management. As far as i know despite of your struggle to make profit once you're addicted to forex you won't bother with anything related to those two. All based on instinct and of course overtrading without looking at the momentum.
  9. pepy
    I prefer SL and TP as the part of automation while the analysis should be on my shoulder since I do believe that robot isn't good enough to gather analysis as advanced as human yet. I agree with that quasi-full control terms when automation really does like what we expect it is not a big deal to transfer some workload to it, like when we use SL and TP to control the loss or to limit the profit.
  10. pepy
    $1000 daily? So if i calculated you will earn around 30000 USD per month. That is freaking huge and i want to earn that much. The only requirements are Profitable Strategy, Strict Risk Management, and Big capital like 10000 USD?. Just said you take 1 lot size, it needs 100 pips. If you take 10 lots? then it will be 10 pips.
  11. pepy
    It is a good point of view, risk never be removed from foreign exchange, the nature of forex is risky. Imagine in a market where 85% or even more only for speculating in the market. News or other economic indicators would be as good indicator but still, the market or the trader who react to that news and speculating at that time, even on calmer time people still speculate.
  12. pepy
    Actor? You mean the broker? but that doesn't make forex somehow as unstable concept, in fact, a lot of people like it. It still exists until now, and nothing wrong with making a prediction about one currency, it is basically like forex isn't it? Gambling? Well maybe if we reflected to that then forex just like gambling, isn't it?
  13. pepy
    As long as that trader able to find the right one that is not so big issue for him/her. The only problem that will arise after that if they choose the wrong trader, but still you can see the trader's track records before decide to copy their system. As for training purpose, maybe you can create another account in other non copy trading broker for that purpose. This is for someone who want to earn money through "LAZY" way.
  14. pepy
    Little profit or not all are profitable to me, as long as i get the profit i will be happy even a bit disappointed because the profit doesn't reach to the height I want. As a realistic trader, you will take this profit as much as you able to get without waste every single of it. I prefer to cut loss even for 1/2 or 1/4 my targetted profit.
  15. pepy
    Gold is a good investment, but I still recommended to invest it in a bar because it is for the sake of safety. If you prefer to trade it then I do recommend a non-dealing desk broker which accept XAUUSD and most brokers accept it, right? When you trade then do it in long term, with averaging technique if possible. I still cannot do this because it requires the higher minimum deposit. It is around $1500 or so for more stable trading and investment.
  16. pepy
    Even in some countries where money laundering law exists and strict enough, there are still people who want to bypass it and act like the mafia. It seems that because forex is so huge and so anonymous there is urgency for some "Black" company to make the profit here and to clean their capital which they got from for example extortion.
  17. pepy
    Floating spread mostly ECN also it doesn't care when you trade because this broker just acts as a broker, not as the market maker like what happened with almost any single fixed spread based broker. Fixed spread is fixed, i mean almost of them are dealing desk and the risk is up to you if you want to join it.
  18. pepy
    For me it is worthy, you can say that is as my limit to how much I could be a greedy trader LOL, not to mention it also automated my trading which makes me able to trade without much tension. I don't have to look at my monitor over and over again, of course, it is good if you combined it with Stop Loss.
  19. pepy
    Auto trade or copy trade, in this case, all depend to how good the trader you copied because it is all about choose the right trader. Its rate is pretty much good compared to when you trade alone but as newbie, i still recommend them to keep trade by themselves, don't depend too much on this way. For me, it is unstable and doesn't advance your skill.
  20. pepy
    Yes excessive trading is one of the example of trader who got addiction to foreign exchange. About sleeping pattern i don't think that is the case because if you live in a place where crucial thing happened like in NY session or London Session but it happened in midnight your sleep pattern would be interrupted, but excessive trading or over trade is really the signal of one people addicted to forex.
  21. pepy
    Well it is pretty simple, just aim the reasonable loss range isn'it? Also when you trade make sure that the market is calmer, very volatile market is not really suitable for scalping which only aim for small profit but with more than one position opened in one day trading. This concept which makes scalping pretty unique.
  22. pepy
    Forex has better return in terms of trading, it is based on pure speculation and that is what makes the price move in forex but in stock speculation in more cases would be bad especially for someone who want to get stable income from dividend. I like that we can earn from dividend in stock which is more reliable than interest rate in forex.
  23. pepy
    Binary concept actually make a sense but many or I could say all of those brokers usually offer ridiculous return even you lose, with simple logic when you lose you will get nothing, you lose in the most literal sense. If you get return even in smaller amount than what you sacrifice i doubt it is too good to be true and there must be something behind of it.
  24. pepy
    It should be thousand dollars at least and divide it equally into the broker you want to trade with. It is not really advisable since it will divide your energy but if you dedicate one broker as the place for your automated tools, it would be a good idea to have more than one broker.
  25. pepy
    It is not always like that, some copy trading broker is okay will give you better result for a while especially if you copied a fine trader's position, but once again this is not the permanent solution for newbie, they still must learn about forex and how to deal with the risk and other aspect needed to be a profitable trader.
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