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myregister
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Everything posted by myregister
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No doubt that forex requires more efforts, it is clear that a lot of traders also have some kind of exerceise where they will spend most of their time to analyze the trend with more workload. To evolved, a trader should be work more and more, this means you need to do more analysis, even you don't trade you still able to do that, this also increase your experience thus will make you able to make an accurate analysis later.
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How Much Time we Spend in the Demo Account.
myregister replied to showrov1993's topic in Forex General Discussion
@radex78 That is because they don't even know about how to handle that one or simply they don't have any knowledge to do that, so I think this is the most appropriate time for us to learn more about forex, the most important thing is not in a hurry to trade and stick to the rules of trading which we are going to perform. -
What good? Look that gangster want to enter forex wash their extortion money. Is that good? Well forex is popular right now and that is why people from all over the world is trying to make money from it not to mention is gangsters or criminals. One of the worst is white collar gangsters which corrupt and trying to do money laundering through forex, but they did it with broker which they can cooperate with.
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Why do we prefer the forex for the stock market
myregister replied to rockstar's topic in Forex General Discussion
First of all the capitalization of forex is way bigger than the capitalization of stock market. It is clear that forex has more turnover daily, just look at how big forex is, it contains all traders over the world without know the border, i am Indonesian can trade with someone from the other countries such as Netherlands. The requirement investment in forex is way lower than in stock, but one great advantage of stock is the ownership and we can earn not just by sell high buy low philosophy but also through dividend -
@bearhugs, I think that all traders should have control over their trading but that is if they want to do that. Control over trading is better since it will teach someone to do something in the right way, but someone without any good qualification may misuse that control over trading to make everything worse, the example is when you trade you let emotions to overwhelm you and your trading = loss.
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Sure, offline teaching is best of the best i don't mean to downgrade the online teaching but offline or face to face teaching gives better understanding. We can freely talk to our mentors, ask some advice, or asking unanswered question and the most important part is that you can ask your mentor to help you when you trade as they will indirectly will help you to make profits until you can do it independently without the intervention of your mentor.
- 361 replies
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- Forexmentor
- forex mentor necessity
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Yes they could get more from their investors without even need to spend from their own pocket, but to get the trust from investors pamm manager must prove fisrt if they are skilled or not, and i think the best way to do that is by make your trading transparent and make sure that you invest your own money first and then make some profits, so you can build some credibility and investors want to invest in your account.
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There Is Something Intriguing About Trading
myregister replied to analyst75's topic in Forex Newbies
Well you can say that, since i also agree that trading is actually not a sin and trade without knowledge means gambling and what they did is not analyze the market instead they prefer to guess with use their guts only and i don't see anything good with doing something like that, but gambling will be always be gambling, forex can be like that just look at how much people who lose in foreign exchange. -
Can no deposit free money help you achieve success on forex ?
myregister replied to kaito kid's topic in Forex Newbies
I couldn't agree more with you radex78, many traders think that higher leverage is bad but in fact that is not because it is so much helpful especially to new one, but still remember that i mean is higher not over leverage. Higher leverage of course according to me is like 1:200 or 1:500 but over leverage is like 1:1000 or 1:2000. One of the best feature offered by broker since modern fx trading. -
I couldn't agree more with you radex78, many traders think that higher leverage is bad but in fact that is not because it is so much helpful especially to new one, but still remember that i mean is higher not over leverage. Higher leverage of course according to me is like 1:200 or 1:500 but over leverage is like 1:1000 or 1:2000. One of the best feature offered by broker since modern fx trading.
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@radex78 They are actually the one who hold their own life on the line. Well why i said like that because some dealing desk love to betting, the earning is bigger than non dealing desk but the risk is bigger than non dealing desk. This is why dealing desk hate to lose, a broker can earn money from many ways including spread and also through betting against clients/traders position.
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This kind of addiction is rare compared to the other problems which we trader must face but this addiction to foreign exchange is hard to solve. Not to mention there are a lot of people who also lose so much because of this and don't even see any change because they don't know what is the solution for this addiction. They don't know when to stop and when to start everything seems nothing to them.
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It sure not easy considering that people will think demo account just as demo account and it never be a real account. For them demo account is the place for new traders or place for someone to do an experiment. This makes them relaxed thus able to concentrate better even they start to take it a bit serious, basically without much pressure they can trade well.
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The price of CPO in Malaysia commodity exchanges on trading Friday afternoon was observed to rise. CPO price hike this afternoon triggered with the weakening of ringgit against US dollar and the rising of crude oil prices. On this afternoon observed US dollar strengthened against the ringgit, the pair rose up to 4.01110. CPO futures price movements seem at the next trade potentially strengthened by the potential weakening ringgit. CPO futures contract prices on commodity exchanges in October 2016 Malaysia has the potential to test the resistance level at 2,570 ringgit and 2,620 ringgit. While the level of support that will be tested if prices decline in a position 2,470 ringgit and 2,420 ringgit.
- 112 replies
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- CPO
- fundamental
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After statistical office EURO area countries reporting data on GDP prelim second quarter of this year, the euro exchange rate movements on EU session on Friday strengthened significantly against US dollar. In addition to the Q2 GDP data member of Euro countries also released Q2 GDP data for the region, and the data is still in line with forecasts. Although the general economic growth in the Euro area countries declined from the first quarter of this year, but the market saw economic conditions of these countries are still stable after Brexit. Because economists had been predicting a considerable decline in GDP exhibited significantly these countries but the data reported higher statistical office. For the next trade until the close of trading ending the American session tomorrow morning, it looks like GBPUSD pair can rise to the range 1.1160- 1.1194. But if there is a correction i think that GBPUSD will come down to around 1.1112.
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I prefer to say that leverage is helpful tools, helping us to achieve what we cannot achieve. Margin on the other hand is something which is related to leverage, that is what help us to know how much money we could use before we running out and losing our account. As long as you okay with it you can use extra high leverage which is not recommended at all.
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If what they did in forex will never make them satisfy then why they should go to this place and trying to trade with only lossses they face? I am not really addicted to forex but addiction surely bad, i've seen few people who addicted to forex and that is not the most pleasant thing to see, well not really bad but it could make you lose more of your money.
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If what they did in forex will never make them satisfy then why they should go to this place and trying to trade with only losses they face? I am not really addicted to forex but addiction surely bad, i've seen few people who addicted to forex and that is not the most pleasant thing to see, well not really bad but it could make you lose more of your money and it gives you false hope.
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It is true that there are some people who deeply affected by their emotional, and when you trade in demo account there is no sense of lose there, all are light and you can trade without any worry and this' a good thing for you and for me. We can stay alert longer and we trade with our best. Of course this will lead to a better result.
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Can no deposit free money help you achieve success on forex ?
myregister replied to kaito kid's topic in Forex Newbies
Sure, why not so far i don't see any reason why no deposit free money cannot be treated as broker's money. They gave it to us even with some fishy requirements, but you cannot withdraw it. You just able to use it as your trading, means that you can trade for it and that money will act as your investment and to hold your position if you are in lose. -
Should Forex Brokers Accept Bitcoin or other cryptocurrency?
myregister replied to bloger90's topic in Forex Newbies
Sure it would increase money laundering and if that will increase money laundering so what? So far there are 3 faction who could prevent money laundering happening in forex, first government, second brokers, and the last is community. Also this thing is nothing to do with cryptocurrency, it is just a tool even well we get more anonymity but it doesn't mean that will suddenly increase the chance of money laundering, even our trading is also anonym.- 54 replies
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- Bitcoin in forex trading
- Litecoin in forex trading
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Yes investment which is time is also important. I don't know how much important it compared to the other investment such as Money. Well by the standard of this thread , everyone cannot earn profit is true, the logic behind it is clear crystal and make a sense. But this thing shouldn't discourage us, everyone sure cannot earn profit but it doesn't mean all or some of us cannot taste the profit and with reliable risk management we able to avoid unecessary losses.
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In fact we are utilizing broker's service, right? Broker act as middle man and we trade through them which provide us the way to connect to the interbank. With broker's service we can trade like now, i don't know how we retail traders able to trade in foreign exchange so freely like this if all brokers don't have access to interbank, maybe all of them become dealing desk brokers.
- 305 replies
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- life vs forex
- discuss life vs forex
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HYIP is fine, as long as that $3000 is my investment in that HYIP and i already have quite reputable HYIP monitor, but if not i will prefer forex, why? Just with $100 i can start to trade imagine with $3000 i have right now. Also with that much i able to earn at least $100 per month and in 2 1/2 years i already get what i spend for that. But that is if i earn $100 because i think i can earn more than that so it could be less, but that is just for the worst.
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But it also means smaller profit, right? Our earning also will be always low and we trade in forex not just earn small, someday we must able to increase our profit into the desirable position, for example i earn $10 monthly now but in 2 years i hope that i could earn $1000 per month or something like that. This means we need risk, so we cannot eliminate the risk fully here, it is impossible because we actually needed to earn bigger.