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euro
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Everything posted by euro
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They move slow because they might be low demanding pairs like some of the ones on the list that not a lot of traders trade cause of high spread or stagnant growth or being unpopular which will all lead to lower price. They move slow also cause the relationship between them is not too far off so they pretty much move in the same direction. Like the gbp and euro. They pretty much flow in the same direction economically. So there isn't much to move among themselves but pairs with differences in economics will move very sharply.
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Well there are reasons for that. On a Friday, the market is about to close off for two days so a lot of traders close their positions. When they close it off, the price will go downhill so not good for selling your week long trade. Perhaps you will make more money on Thursday as you sell it off. This could be why people don't like selling on Friday or buying on Friday and also you will pay swap when you leave it over the weekend.
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I think a demo is good until you no longer needs it. You can still use it for the life time of being a real trader since you can always go there and test out your games there to see if it will work for you and that is very helpful since you might not want to do it in a real account. Also, losing with fake money is so much better. I find it very helpful still as a real trader so you can go there and see how that will work. I will always need to test things out so a demo is what I really need at time. I think you can open a new one if the one you're using is expired.
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Yep, I'm not going to post there at all. Reason being is that, I requested my joining bonus and he denied me. He says that I can only cash out at ten bucks. Well, he should have said that in the intro. Next, he posted that he will use like egopay and skrills but then when I requested it he says he doesn't use them. So its not like he doesn't use them. He just doesn't want to pay. Also, he is not consistent in his tos so that mean they're way too inexperienced and we will suffer as a result.
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Trading Guides Can Guide You to Success
euro replied to smithlover84's topic in Forex General Discussion
I too feel that each trader must have their own plan in order to make money. I like to learn from pro but then I will go my own way in terms of developing my own plan. I have develop some sound strategies for myself. I think every trader must be able to think for themselves and don't dwell so much on other's ideas. They can learn from them but always analyze to make sure that it will work for you as well. -
I guess during this week, we will have to go short on usd as it weakens against most other currencies due to Capitol hill shutdown and deficit due date on the 17th. These will only cause the usd to fall further pushing its euro up to 3.6 something. So we will and should go short on usd for the next three weeks or so.
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We all know by now that the Euro is the safe haven and it has a lot of strength against the usd and other recurrences like the yen. I usually trade euro/usd/or with yen. I think there are many bullish trend to trade when it comes to going long on euro. Also, with the recent meltdown of the US, we should be buying euro/usd as the price peaked in six months at 3.6 something. Do you like the euro?
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Yes, I guess short term traders will be opening more trades in order to make daily goals of profit whereas long term trader will have one or two buys that the will sell in a week or so. So I guess he will not be buying that much. the more trades you open the more risks you have so calm down as a scalper or else you're putting yourself with too much risks and thus losses as well.
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I always use sl in all of my trades to prevent total wipe out. Its very smart to use it and very foolish to not use it if you have a high risk high capital trade. We need to protect our trades so use it at all cost. You can put in pips around 10-30 in order to protect your trades. Leave it wide enough so you're not taking out right away but do pay attention to your trade at all time.
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If you know a lot in forex then there are no fear. You only fear cause you are uncertained and lack knowledge but once you know a lot you will have less fear. Fear only come when you have no idea what you're doing. Forex is not rocket science so I do not fear it that much. There are things that are more difficult in life than forex. However, I think we all fear losing our money.
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Good post. I think you're right we must invest in most traded currencies as they're in demand and give us profitable trends to trade. I think we should avoid high spread, low demanding pairs and also high slippage pairs and less traded pairs to avoid losses. Euro/usd is my choice or also gbp/yen or euro/yen or usd/yen are my choices as well. I think we must choose carefully in order to make a profit.
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Are you a robot sales rep? many traders despise robots cause they're expensive and do not help us make money. I will not do robots after reading so many bad reviews about it. However, I think a computer program is no where near smart as a human being plus there are way too many changes in forex that a robot might not be able to catch up with and so I will not do robots and do not recommend to others to do it either.
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FOREX Market offers you Huge Leverage on Your Time and Money
euro replied to milkymo's topic in Forex Articles
Leverage helps a lot for good traders who are poor. If you're poor but smart, you can still make money in forex. I love the leverage system. I do take advantage of it. I also like the bonus offer too and not just leverage. I tend to use the bonus option more like posting in forums for bonus or open up an account for a new bonus and such. I think forex is one of those business that a homeless can start with no money. -
I think this is way too risky for newbie to do 1000 leverages. I think 100 to 500 is good enough for me or for newbie or for anyone who do not want to risk that much money. Risking too much is not for me. I rather do low pips and low profit to lower risks. This might work for some pro but not for no newbie or for me though. 1000 is way too much and if they lose it all they might also lose $12000.
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Its all about doing it all right in forex. Its about entering at the right time with the right pairs, at the right price in the right market and the right trends. After you do it all right, you might see profit. You have to think in advance and plan out your games well. You need a working strategy. We need a strategy. We need to know if it will work or not. We need a proven tested out strategy. I do well in long term trading.
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Digital Cash Palace Forum - DigitalCashPalace.com/forum/
euro replied to ghaffarahmad's topic in Get Paid To Post
I got paid twice within two days period so they're excellent and very fast paying so I would recommend them to anyone else but they do not tolerate spam though and you will be ban over there for copying or spamming so beware. They're a very strict forum but nice and has plenty of sponsor so money coming in to pay us. I like them so far and they're still building up thread but way too many post chasing there due to lack of threads or new threads. I wish members would post more threads rather than just post chasing. They pay fast so if you want to post you should join them, fun but no spamming tolerated there though. -
I've received an email from them and they're saying that they will close up the paid to post program on December so you must cash out before then. They say that they're doing it cause of uncontrolled spams. They say that they might have new programs for you to do. Also, you should not invest in their site now since it will be close up anyways. Sad, but I think they can control spam easily by not paying and by deleting the spammer's account, not too hard. Maybe its not profitable for them anymore.
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Forex is easy money and anyone can do it around the globe so it becomes very popular online. Anyone can open an account and trade. You can even copy trade on Etoro and know nothing about forex and still make money so forex is a great flexible business for everyone. I think its easy to learn and trade forex. Its better than trading stocks for sure. I like long term stocks though. Long term forex can be really profitable too if you look at it. Forex is also very fun. You can post for bonus too so its even better.
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Its easy, you buy low on Sunday night when Tokyo market is open so your broker might allow you to open trade right and you buy on Sunday cause the price is low enough or you could have bought it on Friday as well and then sell it by 2pm on Monday or Tuesday or Weds or Thursday so the price have gone up and you make a profit. I think the price is the same when you buy it on Friday or Sunday as it hardly moves on the weekend cause the market is closed. So a Sunday to Mon is almost similar to the Friday to Monday or Tuesday strategy. However, after 4pm on Monday, the price drop again and then it rise again by 3pm Tuesday so I rather just sell it on Monday.
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I think 10 to 15 pip is not too hard per trade. It can move that much as a scalper but if you do long term trading like per day you can get up to 90 pips so that is better and less risky and less stressful cause if you enter the market low enough, you will be able to sell it higher at the afternoon when market is moving upward naturally by popular demand so you will make good profit for sure.
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You can make small or modest profit daily but to get a lot of profit has to happen over time and not in any single day as there aren't that many waves to catch in any single day but long term trading is perhaps more profitable than short term so you can sell each day and make a profit if you enter at the lowest possible price and then sell by 2pm of open market time and then you're able to make some money from that.
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I think we must look at all of them for short term and long term trading to gain an insight into how that pair is moving. I think looking at moving averages also give us an understanding of how things will work for the pairs. I also like to look at peaks and lowest points so I know when to enter and when to exit. I also like to see how it moves on a certain day but m1 and h1 are my favorite as they give me a clearer picture for my current trades.
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Do you do long term or short term? Which one has proved to be more profitable? I trade long term only after I noticed more profit for sure on long term trades and less profit on short term trades. Scalping is way too risky for me but possible but the pips movement is way too low but in long term trade, the pips is very high in movement. So, I guess I will focus on long term trade to lose less and gain more. How about you?
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100 dmt is one buck in usd. You can also make 10 threads per day beside 30 posts I think. Also, you request when you reached like 300 dmt points or $3 I think at the request payment section in the forum.
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As a newbie, you might make more steady profit with long term trades. Long term trades are better than short term trade as they carry out less risks and the profit is for sure. You can trade for 8 hours and still make money versus trading for 2 minutes. You can buy low on a late Sunday and then sell it on Monday by 2pm or hold it till Weds or Thurs to sell it for more profit since price spike during the middle of the week. What do you all think?