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myregister
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Everything posted by myregister
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The backup plans means something that you need to do if something is going wrong, i think by cut loss is a good idea or by reverse some of your capital and don't trade all of that in one go would be so much useful. I know this is some kind of conventional backup plan and most of the people can do that but not all realized it.
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I don't see what makes this one different from the other, to me this is just like another e-currency out there with most the same feature and only have few and not significant difference. But glad to have few competitors beside what admin want it seems to make a more and anonymous web based e-currency, right?
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I thought that payweb is dead but it turns out to be wrong, this one still survive until now and also already has its own branch from Western Europe, Russia, or even into China. I see the options to release their service to the other place bring a good impact for this new payment processor at least they could make better service to the others.
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why many people see forex trade as gambling?
myregister replied to rockstar's topic in Forex General Discussion
I understand why people still see forex as gambling, well it is just matter of time before we could reap the whole profit, isn't it? Forex as gambling is true but once again that is depend on the condition and it is not something which we can simply said gambling, There are some aspect why forex turns into gambling including people who do the forex itself. -
But it takes time unless you have enough capital, imagine you start with few hundred dollars and even if you can keep making profit and never lose, you will be able to reach satisfied level of earning in 1-2 years. But if you lose few times and struggling it could take longer also this if you don't withdraw your profit and keep compounding.
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Australian Dollar Fundamental Analysis.
myregister replied to myregister's topic in Fundametal Analysis
Australian dollar exchange rate is moving positive Asian session after ABS Australia reported the country's unemployment rate fell in July due to the addition of the country's workforce. But the retreat in crude oil prices and the pair attempted to overshadow the rate of decline wary. It seems that the AUDUSD may rise to the range of 0.7730-0.7780, but if it does not reach that range then move back into the range of 0.7618-0.7598. So that the normal range of AUDUSD today is expected to have the support level at 0.7554 and the resistance level at 0.7780. -
At the end of trading on Thursday morning , Rotterdam's coal price rises pushed higher crude oil prices. At the end of the trading, price of coal Rotterdam futures contract in August 2016 rose to around 62.60 dollars per ton. Commodity prices gained 0.40 dollars or equivalent to 0.64 percent compared to the previous closing. The estimate predicted that the price movement of coal futures Rotterdam at the next trade potentially strengthened by the potential weakening of the US dollar after minutes of the Fed signals a dovish US rate hike and also bad unemployment claims prediction from economist. The price of coal futures could potentially test the resistance level at 63.10 dollars and support at the 62.10 level.
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The price of West Texas Intermediate crude oil (WTI) was at $ 46.73 a barrel, down 6 cents, or 0.13 per cent. While the price of Brent crude oil traded at $ 49.65 a barrel, down 20 cents, or 0.40 percent of their final closure. Traders said the fall in prices was due to profit taking after a strong rally this month, and as traders worried about the prospect of a record production from top exporter Saudi Arabia. Oil prices slumped in Asian trade Thursday triggered the estimated record production of Saudi Arabia, which weighed on the market, and traders took profits following a rally this month is almost up nearly 20 percent. The price will likely go down to concerns with potential supply glut that is characterized by record high production of Saudi Arabia and pessimism results of the talk for producer of crude oil next month. Technically, the price can break a range between $ 46.20 - $ 45.70.
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The price of Tin in Malaysia Stock Exchange rose on Thursday. The increase in the price of Tin supported by waning expectations of USD rate hike after the release of Minutes of the Fed meeting. US Federal Reserve policymakers agree that further economic data are needed before raising interest rates, although some see a need to tighten policy soon, according to the minutes of the US central bank policy meeting July 26 to 27. It looks like tin price movements Malaysia at the next trade limited the potential to strengthen the potential dollar weakness with dovish signal for a US rate hike. Price will face the resistance level at level 18.450 . But if there is a decrease, the price of tin will face a support level at 17.950.
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Pound exchange rate in Asian session had rallied towards the strong resistance range but pulled back once again. The pair potential to rally back in the European session after the release of the British retail sales in July are expected to show an increase in data. GBPUSD may rise to 1.3101-1.3147 range given the data showing an increase in the data, but if it is not up to the range, it can be corrected back to the range of 1.3000-1.2945. So the normal range on the GBPUSD pair is estimated to have the support level at 1.2882 and the resistance level at 1.3197.
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A strong euro exchange rate which opened early Asian session has managed to penetrate the resistance range and is now moving to the retreat line by the negative sentiment coming from current acount data that will be released in the afternoon session. CA Data euro area is expected to show a lower data from the previous period. However, only an estimated technical retreat for a moment and entered the American session can rally back if the data support the dollar lower. Technically, EURUSD could rise to the range between 1.13401-1.13702, but if it does not reach this range then the pair will move back down to the range of 1.12654-1.12281. And today is expected to have the support level at 1.12055 and the resistance level at 1.13757.
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United States Dollar Fundamental Analysis(including USDX)
myregister replied to myregister's topic in Fundametal Analysis
USD index Dollar in Asian sesion traded weakly on Thursday after market players ell their dollar assets and selecting investments denominated in USD main rival. The market doubts the power of US dollar after FOMC minutes released last month, so that the exchange rate of the global major drop again enter a fifth consecutive day. For today's trading movement of USD index is still bullish despite the difficult move important data on US session to the data in the Philly Fed manufacturing index seeks to provide positive sentiment. However, the data this evening unemployment claims may give a negative sentiment. The dollar index, which measures the strength of the US dollar against six major currencies trading negative move after previously closed slightly lower at 94.71 and this morning's position opened at 94.70. The position of the dollar is now in the worst position for the last 5 months. -
The Japanese yen opened higher in early trading Asian session rallied by trade balance data which is released above expectations for a decline, and previously strong US dollar by poor fundamental treatise respond Fed minutes overnight. Until the evening session fundamentals yen is still strong enough to support positive movement. Technically USDJPY will continue to fall into the range of 99.53-99.36, but if it does not reach this range then the pair will move back up to the range of 100.73-101.25. So the normal range on the USDJPY pair is estimated to have the support level at 99.07 and the resistance level at 101.71.
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Gold is moving steady in late trade on Thursday morning, after the release of US Federal minutes of the July meeting which showed policy makers expect the central bank interest rate hike soon, but still waiting for more data. The Minutes showed that members of the Federal Open Market Committee, the Fed is generally optimistic about the US economy and the labor market, but some said the slowdown in hiring would oppose the increase in the short term. Spot gold was up 0.03 percent at 1346.11 per ounce. It has fallen 0.6 percent to 1337.22 shortly after the minutes were released. US gold futures prices ended up 0.6 percent at 1348.80 per ounce before the news. It is estimated that the price of gold will potentially rise by sentiment decline in expectations of rising US interest rates after the Fed meeting minutes release. Gold prices are expected to penetrate the resistance range between 1348- 1350.
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Well i don't really into something like this, but the rebate is nice. Logically, rebates lower the risk because we get some cashback. Cashback means more profits for us, but also cashback means that we could lower our risk here, not to mention with rebates if we lose the same amount we get with rebate then it means we don't suffer any loss at all.
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Sure lower price(spread), lower barrier entry, and others. FX surely win this case compared to Stock, but remember stock is better in the way you earn, forex is pure speculation, 90% are speculation while Stock are doing well in this case even there is speculation, also regulation is strictier with Stock but forex it is less, considering there are more than one regulators for one trader around the world.
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hone your trading with a demo account and a real account
myregister replied to rizal83's topic in Forex Newbies
Hone our trading skill in demo account is better for various reason such as that you can can trade without any risk, since we already know right that forex doesn't have any risk because it is virtual thingy, all loss and all profit is nothing but just experience. In real account both are real, the experience and profit but with real profit means that loss also real, So with that issue, i think hone is better in demo account. -
The fastest way to get the result of a trading of course by see the CNBC cable tv or something like that, but it is still not good especially if you have big gap of ping. With low ping, fast internet, and Cable TV such as CNBC i am sure you will make the difference here. Listen to forex news station is one of the way for you aside from seeing the free economic calendar site.
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Seldom buddy, i seldom use it because i prefer to lose in my hand rather than in the hand of expert advisor. Expert advisor is good without any doubt. Human still lack of emotions in this case where EA works very well, it is just not as flexible as human but in technical analysis they could be in par of human when it comes to accurate analysis.
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Anyone got any good systems they use?
myregister replied to Forextrader2361's topic in Forex Newbies
Some people i see said that turtle trading is a good system but i don't know why it is . Well maybe the result is huge, but the position surely must be open for quite long time. This kind of strategy are even longer rather than Swing trading, or even scalping. Scalping is good for someone who prefer small profit. -
That is why we should divide our money, sidejob. First we must handle most if not almost of our money, if you put your money in EA where you don't have any control i am sure the risk management which i learned won't be applied there. Forex AI surely moving fast and is getting better than ever. I am sure that forex AI is getting better in future but i still prefer human's control for most of my capital.
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Back to the topic, i think that forex is really open for everyone but with some criteria, i mean some people different in the way they approach someone to trade with it. Forex for me is nice and i think it could be for me, my earning so far isn't big but i can say overall i am under impression that if i keep my performance like this someday i will have better income with forex.
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- Learning forex
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This program is somewhat nice with DDOS Protection, SSL 256-bit encryption, Gentle Grid for more earning and Legal EvolutionScript. Since this is quite new i don't find any complaint but overall the rate is pretty much low, i think admin is aiming for the sustainability for this program. If must collapse i think as fast as 6-7 months.
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For newbie that thing is time consuming and somewhat complex. What you should do is to make it like important and innovative or simple if you can. Just say spend like this for this kind of amount you have in your capital. The other mistake is misunderstand the demo account, i don't know how to solve this but my advice you should force them in.
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forex hours- what are the best forex hours?
myregister replied to asiaforexmentor's topic in Forex Expert Advisors
Yes, because all the eyes is drafted towards this the biggest consumer market in the world, not just that the production of US is not a joke for that kind of country. Not to mention when New York session is open, than it will be mean the overlapping market is starting, Usually EU market, UK market, and US market overlapped in first few hours of New York session.