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After five days experienced selling pressure was so great that plunged to its lowest since 11th July trade, exchange rates and the pound managed to rebound immediately rallied to trade the European session on Wednesday, although no fundamental data which shows some domestic sentiments. Strength of Pounds throughout the day obtained from the collapse of US dollar even it had risen after last weekend after the US non-farm payrolls in July. In forex trading the European session opened Wednesday with the pound exchange rate movements that rally and opened lower at 1.3002 in early trade and the rolling value is at 1.30789. For the next trade until the close of trading American session ends tomorrow morning, it seems that GBPUSD can climb back into the range of 1.31150-1.31611. But if can not reach that range, the pair will fall back to around 1.29803.

Oil prices steady in Asian trading Wednesday morning, with a global oversupply weighed on the market while talks on a potential producer meeting to discuss the strengthening of price support though was met with skepticism by analysts. US crude oil futures price of West Texas Intermediate (WTI) traded at $ 42.73 per barrel. While international crude oil futures prices in Brent were $ 45.01 per barrel, up 2 cents. Traders said the market was weighed down by sustained oversupply in fuel products rough and smooth, and that the meeting suggested by oil producers are unlikely to generate significant market tightening. However, it should be observed the movement of the US dollar overnight retreat could support higher prices. Also sentiment OPEC meeting which is rising will lift crude oil prices. Prices are expected to penetrate the range between $ 42.20 - $ 41.70, and if the price rises will penetrate range between $ 43.20 - $ 43.70.

Fading expectations of further interest rate hikes of Federal Reserve this year after the end of last week rose by solid US NFP data last weekend in July, making the yen managed to rally until the European session forex trading Wednesday. The strengthening of the yen was also supported by data that core machinery orders jumped exhibited significantly. The movement of the yen in the European session is strengthening against US dollar, USDJPY in EU session opened lower at 101.88 in early trade and the rolling value of this pair is at 101.240. For the movement of UJ until the end of the evening session trading potentially weak, so UJ may fall further to range between 100.930-100.653. But if it is not up to that range, then the pair can rise back to around 102.032.

Euro exchange rate which kept going since the beginning of Asian trading session continue to rally, the European trading session on Wednesday overall is increasing against US dollar. Euro's rally managed to ignore the negative sentiment of the French economic data. When the European session opened, the French statistical office Insee reported the performance of the domestic industrial production increased contraction in June from the previous month period. Previous data showed a score of -0.5% and the current release of the data showed a score of -0.8%. For the next trade until the close of American session tomorrow morning, EURUSD seems to be able to rise to a range between 1.11970 - 1.12226. But if there is a correction then the price will come down to around 1.11082 or more.

You got the point, but by doing that we cannot earn in real account so that is a bad practice and i think even you trade in demo account by using sense you won't see your demo account again. I still think it is matter of psychology which related to fear or to greediness, in demo account we are a bit greedy but no fear the market so much and i think this is why we perform better in demo than real account.

I think we already know this all, and by use our own logic good management system truly gives us better trading, right? We lose once it is fine, we lose the second trading our account still fine and even up to the tenth our account won't go down. So good management system is a system where your account won't blowin up just in few seconds or few months because of small to medium mistakes.

Even on desktop you can monitor your account, the different is actually that trade via mobile phone will give us faster access if we want to monitor our account, With this a trader may monitoring their account everytime they want since Mobile Phone is expected to turning on 24 hours you will rarely a smartphone which turning off by the owner, compared this to Desktop which you need to turning off once in a day.

What evading news? I don't really get that part. Traders surely will have some problems if they cannot optimized their trading when 2 market opens, remember this is overlapping market where the activity surely extended and the price may even more volatile especially if during that overlapping market there is high impact news such as Interest Rate changing or Consumer Price Index and so on.

I've seen broker which come up with less strict regulator and mostly ended up accepting less strict payment processor and also sometimes play with their clients by doing SL hunting and other unethical action. So do you think regulation is important to regulate a broker so they can really behave right? Please share your thought.

If you have funds right now go for it but make sure your mentor is good mentor because to be honest there are some mentors which you can't trust which you can find all over internet. What they sold? Unnecessary strategy which actually you can easily find in internet for free after surfing for few minutes. I prefer offline mentors, it is possible if he open some kind of courses too where there are small amount of student so it is easy to teach us.

Yes it is an AI it will be AI so don't even trust it so much, it is another human knowledge that they put into AI. EA in this case also have risk management but the timing to open a position all depend on the indicator which coder input into your EA, also the way they analyze all depend on that input which means you like hire someone to trade 24 hours.

True that is what pamm for. Pamm manager also get some benefit from this pamm. They want to trade and earn big but their capital is still low despite of their good analytical skill, they want fast money but can't find it. So Pamm created and there they can promote their account to get more funds, of course this is benefiting both between traders and investors.

Well nothing can stop us if we decide to earn from forex but before that please consider are you really worthy to trade in forex, if that is true you aren't worthy then don't do that forget about it. If you are worthy in this case you want to spend your time and learn more about forex even you know the risk of this business , i think you are totally welcome to this business.

This is why some people trying to find the broker which offer bonus so they could settle all of this in relatively shorter time. Bonus will give them better start as foreign exchange trader, thus will make trader able to trade in better manner. Investment from newbie considered to be low and bonus in the end will help them to sustain with their trading.

Well i couldn't agree more. Benefit of forex which i feel for my life that i can be a better man when it comes to manage the money, thanks to the money management ratio which i've been heard so far and practiced it. Also i am become more critical to certain economic issue which make me somehow more resistant to that since i already know what to do.

@sidejob But they are dominant in HYIP rather than in foreign exchange. In FX Perfect Money has a lot of rivals such as Neteller, Skrill, Payza, and Payeer. But in HYIP they are virtually the leader, you must know before LR's demise, every single HYIPs has LR as the primary currency followed by Perfect Money.

Only loss await and this is not really good putting that aside if you can't following rules you won't make profit, and if i don't make any mistake that almost anyone who join forex trading must be want to earn profit and reduce their risk, right? Then if they want something like better to stick with their strategy and rules , this would allow us to avoid unnecessary losses which we may suffer later.

I am not really paying attention in this 2 weeks about them and see that they doing well, i also just know that webmoney has its own file storage. Just for developer who want to develop app for webmoney or app which related to webmoney as one of the payment processor, they can access this : https://github.com/MarketKernel/WebMoneyIt safe a lot of time if they use that and guess what that is the recommendation of WebMoney itself.

https://blog.payza.com/payza-updates/announcements/international-launch-order-prepaid-card-today-matter-call-home/ I am quite surprised that payza team decided something like this, overall i must say that international launch for this pre-paid card is really something, so far i see this one is the first but brought payza name must be good since as far as i know the based of payza is big enough. You can asked and delivered.

I still spend around total of 3 days each month to keep trade in demo account. Why? Nothing, i just feel that by keep trading even without any risk i still able to sharpen my strategies and how do i perceive how the market react. What i means that i can trading my own "instinct" so i know when is the right time i open the position and when to close it if i made few mistakes about it.

Of course, there are the difficulties of its own, it is apparently a hindrance to some people, including me. However degree of difficulty can be minimized by learning how to reduce risk. With this level of risk makes that difficult to learn forex can be scaled down and of course in future it will be easier for anyone to earn and without need to worry so much about trading itself and they can focus 100% to the trading.

You only able to earn money from demo trading by join the contest, while in real trading we can simply earn by trade and making profit. In contest you must defeat anyone in terms of profit, while in real account there is no such as you must defeat someone to get the prize, once you make profit then that profit is yours.

No you are wrong not everyone need bonus, some of the glad with their starting point and you should know that not everyone who trade in forex has small capital when start. If you are another employee before, i am sure you have saving. This saving is bigger usually at around 4-5 digits and they spend it for the sake of start to trade by theirselves.

Yes it is not pegged anymore and Reminbi officially dirty float currency now, means that government still have right to intervene by buy more USD or sell more USD so the price is keep stable. This done by them for the sake of stability to make sure that China still able to compete with the other emerging countries in terms of making money through exports.

Never heard anything like breakthrough in forex, even to social or copy trading i still considered it to be non breakthrough since it is just applied the conventional thing into foreign exchange, and nothing more. In forex people don't pursue of making break through they are all just trying to make money, and they don't break something if it works.