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myregister
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Everything posted by myregister
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@sidejob : That is true, I mean there are logical reason behind that as we know that forex material is easily found on the internet. At the moment i don't see any specific courses offered for traders in university, which means that is not really interesting beside forex already included in many topic about economy even actually doesn't cover the depth of the forex itself.
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The strength of the Euro against other currencies
myregister replied to euro's topic in Forex Newbies
Euro is strong because of the people live such a high standard, also this is a supranational currency not just similiar national currency. Also investor and many speculator see that Euro like that and it build some kind of reputation about Euro being one of the most favourable currency and thus raise the price of Euro. -
That is why it is one of the biggest weakness of forex robot, and as you know this kind of weakness could change your account from fully functional account to the broken account where you cannot even make much money from it. There are a lot of things happened like this before and i don't have to give much more explanation anymore about this.
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Want to know how brokers make profit from your loss ?
myregister replied to abdulla1's topic in Forex Newbies
The broker who earn from your loss is dealing desk broker and i agree that we don't have to join them, the risk is higher rather than conventional non dealing desk broker. The market in dealing desk is also controlled by broker so it is useless against them in their trading, only lose will await us. -
It still possible to do that, many people gained nice income from hyip alone but it doesn't mean you can simply invest in this business easily. Well since this one is forex i will prefer forex why? Because it is stable than HYIP but if i have more money i would invest in both for the sake of diversity and of course more income which flowing into my pocket.
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What kind of thing that broker will help us? Do that broker will give us free money? However it must be regulated, because broker without regulator is bad no one oversee them and there is big potential that a broker may do something harsh, but with regulation comes more money a broker should paid to a regulator. This means your fees when use that broker service could be higher.
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Should Forex Brokers Accept Bitcoin or other cryptocurrency?
myregister replied to bloger90's topic in Forex Newbies
Logicallly yes and theoritically that would be so good feature for us all. In reality this thing could be more complex because of the security problem. I actually want to disagree with your geographical boundaries comment because right now i am using the service of the broker which is on the other side of the world and i am on the other place, that means geographical boundaries eliminated.- 54 replies
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- Bitcoin in forex trading
- Litecoin in forex trading
- (and 3 more)
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That is true radex78, not all news and this is why i try as the best as i can to divide the news based on its importance. So if all the calendar based site which i use as the primary tools mark a news as high impact then i will go for it. Just like what sidejob said the accuracy of high impact news usually high but of course with some rules which must be followed.
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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
No deposit free money or no deposit bonus is a term for someone who get the bonus from the broker without invest his/her money in that broker. The one who always take this generous offer mostly newbie who don't have much money to start with. To achieve success someone need skills and enough money to make bigger profit. Free money without deposit is possible but it will take longer period, it may be longer than what we expect. -
Doesn't make much sense? It still make much sense as you can see how it works and it depend on foreign exchange as the base market. It is just too much risky than forex and also looks like gambling. We have less control to our trading while in Forex we can control ours by use risk management and tools such as Stop Loss or Take Profit.
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William Gann: An Accurate Market Forecaster
myregister replied to analyst75's topic in Forex General Discussion
What? contact him personally? Gann? Hey, you don't know what are you talking about do you know that this guy is dead already, so you want to contact him in after life or other places? Well, the legacy of Gann which is Gann's angle surely beneficial for us. With his system we can accurately predict the market, this is one of the analysis technique which to proven as timeless just like -
As long as your take profit won't hinder your growth. Well, to be honest sometimes take profit works fine but in the other times, it is just hinder our own growth when the market still has chance to climb or fall further take profit stops it, we just maybe get profit but in small share. This is what I said as hinder our growth even actually I feel fine as long as I can reach take profit.
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Do you trade every 5 days of the week?
myregister replied to Levie's topic in Forex General Discussion
Well if you are scalpers maybe that is needed but for someone who do other style of trading beside of that won't see much vocal point why we should do that. Trade everday surely exhaust us and also we don't made for create profit everday. I trade just 2 or 3 times in a week but sometimes i trade just once in 2 weeks or even worse once in a month. -
@skyrock Demo contest brough 2 things, first experience second the chance to grab prize. The prize is up to the people while experience is different issue since even without demo contest, a trader able to get more experience and become a better trader in demo account. So far I don't see much problem with someone who do demo contest, I just see more benefit from it.
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Well,your teacher maybe not experts but if you teach it in higher degree or in master program i think that it good besides maybe we will get the new and more innovative way to learn and earn at the same time. Anyway, I don't see much reason to block this idea. In fact forex related courses should be available for people who want to follow the courses.
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don't mix between emotions and forex trading
myregister replied to rockstar's topic in Forex General Discussion
Emotions and Trading should be separated to each other but it doesn't mean you can simply remove your own emotions to nothing. If you have a very high control of your emotions towards your trading for each result which may happen then controlling emotions won't be so a big issue, this could be done easily since you experienced enough but only if you have enough experience to control your own emotions. -
Why do we prefer the forex for the stock market
myregister replied to rockstar's topic in Forex General Discussion
Forex is much better than stock because it has more liquidity, decentralized position, and also lower barrier. Those 3 where FX beat stock so much. Stock is centralized, has relatively higher barrier, and has liquidity. But, you still can make money from both. Those 2 markets are interconnected somehow and if you have high understanding of both you could make some difference. -
@skyrock I still don't get what do you mean by that but fx sure has a lot of opportunities not to mention with lots of people inside everyday especially during Tuesday to Friday. I know Monday is the first business day but it doesn't have lots of people yet. One thing I know is foreign exchange also doesn't have closed times during business days.
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why some pairs moves so slow?
myregister replied to ermaniso2011's topic in Forex General Discussion
But there are reasons behind it for each pair to move faster rather than others one of them because of liquidity. Okay, for example just imagine if there are more people into something and trying to speculate on that. Of course, it will drive the price further. It is either the price will rise or fall or even doing a zig zag movement but in the end, it is still volatile enough. -
Technical or Fundamental that you like more?
myregister replied to andry777's topic in Forex General Discussion
Some people prefer one while the others prefer the others, i think no one is the best but the most suitable one. I prefer fundamental analysis because it is the fundamental reason people market move, market react to the news well not always but it is happening in most cases. You can see someone prefer to long when Govt raise the rate or short when the Govt lower the interest rate. -
Yes, sidejob, when the market is open overlapping happened which means more people trade in the market. Overlapping market means one market open while the others still not closed thus add more people who involved in the market to speculate. More liquidity means more movement and usually, in this time the news like NFP or CPI announced.
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I just use EA few times not so much but it works, some EA may works while the others just another garbages but what you need to know that Expert Advisor is an expert system, it transfers the knowledge of expert into a more efficient machine or code, while it works really well but sometimes the bad thing could happen such as bugs which deteriorate that EA itself.
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First of all, before investing in demo account you must be careful when it comes to choosing the right broker, choose a broker which has a strict regulation and when it comes to money you should invest I recommend to invest $10000 if you can't just spend at least $100. After that, you can worry about the strategy or any other skills to maintain profits.
- 12 replies
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- risk involved
- transperncy
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Forex is the business or to be exact the market where we trade later and WE are the trader, the one who speculate on that market and trying to make money from it. Forex has strong relationship with traders, as long as traders still speculate there will be movement in the forex market which is good because the main concept of foreign exchange is trading and speculation.
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multiple forex broker Trading with multiple forex broker; is it advisable?
myregister replied to flybiz08's topic in Forex Newbies
It is advisable as long as you can trade with more money in your pocket if you just have around $100 or $500 I do recommend for you never try to do this thing. Also if you have strategy such as Carry trading with more than one account in different broker that's still acceptable as long as you still able to manage the risk by spending your money in sufficient amounts and not excessive- 106 replies
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- disadvantage of trading
- advantage of trading
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