myregister

Euro's movement on Asia session moving up against US Dollar, after opened with bullish sentiment at 1.11032. Euro which had reached the highest strengthening position in a month against the dollar last week, consolidate and tried to trade the Asian session from a pressure of 2 previous trading day. Momentum weakening dollar against the yen to be the basis of the currency to the euro area continue last week's rally. For the evening session later if US dollar pressured by data releases of PPI and Retail sales on February then EURUSD's rebound will get longer to 1.12175 if not will fall to 1.10212 at most.

So this program offers something different isn't it? No fees and nice bonus also accept not just developed countries bank but also developing countries bank. Since it is a promotion time that is why they offer refferals comission, and i think that offer is really good but i am not sure if it would boost the usage of their services.

I never know if there is a broker which is ECN one and offers 1:1000, and it is good if you share the regulator too, usually ECN regulated by strict regulators and has real office in AAA countries. No-requoting for sure should exist. As for swap, it should be quite low too. I know some brokers like DUKASCOPY or InteractiveBokres, but they don't have 1:1000 leverage.

If you want to be prosper from forex it is not all about working hard, but doing a job that will lessening your workload. Working hard means that you trying to analyze the market, make sure to trade in optimized way like fundamental traders, trade in as much trading as possible as long as that is around the high impact news.

It is just like the world isn't it? Some fast some slow, some big some small. Usually pairs that move slow because there are lack of people who do buy and sell so the price tend to move in narrow range only and this is what people called as sideways, only 1-10 pips and then move back and the so on.

It is quite funny that right now it seems i'm a bit pessimistic with the nature of forex. Well it could be online earning source for many traders but is that really true? How many people losses everyday, or at worst lose their account? A lot too. In fact forex is still remain profitable business because more and more people put their money inside.

Make a living in forex require extraordinary effort, first to keep your account at the reasonable balance and to keep you make consistent profit, it is better if your total earning for example per month is above the average wage in your city/province/country. Since you need to feed your mouth, paid for electricty and internet bill, and other expenses too.

So far if we want to be honest, ECN is the only brokers type that has lowest spread overall in this case when the market is not so volatile. Spread is usually lower than 1 pips and even combined with other comission per position, it usually reached up to 2 pips and this is quite rare to be happened.

I have control over my trading, i trade manually but in a sense that i only monitoring my position in less than 2 hours before i close my notebook and let the price either touch SL or TP. But i am the one who decide when it is time to open a position and maximizing the profits.

The willingness to survive and make profit resulted to a consistency. Consistency only could be achieved by practicing/trading. In this case, it is true that practicing/trading is needed because that is the cause of consistency for all traders around the world. Just use common logic, how can someone be consistent if they don't regularly trade?.

Spread, selling their technology, or other additional commisions, from joint cooperation with other brokers. Basically most from that additional commision and also spreads. I see that most brokers combined more than one way to earn, and this is proven to be sustainable.

Leverage is what helps traders to be able to trade without leverage, you may need to invest with the same amount of your lot size, in this case the lowest size is $1000 so you need to invest that much at least. So imagine, how many people in the world now that use $1000 as their minimum investment? Not so much isn't it?.

My advice for newbie is that you should seeks more experience, 6 months up to 1 year is good for practicing, so you can deal with so many situation that you may face in future. I don't recommend to do that in less than 6 months. The result maybe good for some but from what i see most ended up hurt before can make some nice profit.

Not necessarily for all traders but some traders really need it in order to gain better position rather than someone who learn by theirselves, also as some traders here said someone that accompany you who know better than you will be your mentor who guide you and under its guide reaching new state is easier or faster.

Forex is a good investment but it is not a rock solid, it is actually a liquid and easy to fall if someone don't know what to do with all money they invested. Forex as we know is one of the riskiest business, and with one wrong step you could literally blow all of your account.

You ever experience a bad experience dude. Look at your own post you got your account MC and you were sad. In fact every single traders from near professional to the real professional must be lose at least once, and this is true for all traders with no exceptions.

Don't have much expectation, and that is what all i can say about newbie, just getting more realistic or a bit pessimistic. Always think how to manage the risk first, and if somthing wrong you can start to close the position as fast as possible so you won't lose further or your profit becomes zero.

Take coolit post's part, i think it is a trusted broker too and then your platform, use a platform that could help you to achieve optimal trading, in my end i use metatrader 4 but if you prefer ECN then try Java Based Platform or proprietary platform that owned by your broker, and the last two are a profitble strategy and a good risk management.

If we want to be honest there is no simple way, it requires more patience, more dedication to be a traer who can earn from forex. Not to mention you also may "lose" your sanity, or even swearing because of loss, or at lose your speech because of market sometimes react in the very different way. In the end to said in theory fx is simple, buy low sell high but in practice that is really hard to do and not simple at all.

The autotrading on MQL5 will be possible as long as you have or you know someone who can program a robot by use MQL5. Autotrading with MQL5 is just like use MQL4, the way you activate the robot is the same and the place you put it also the same, expect it doesn't work on MT4.

Depend on the signals, some signals are pretty accurate but it doesn't mean always accurate. Also by using the condition you post here then it measn that person addicted to automated signal. Well as long as you have control you may reduce the risk, and i agree with your latest statement, if admin has a good signal why he/she should share? And the answer is probably they want to make money not from trading but from selling signal alone.

As long as you can reach that take profit @kim. There is a time when the price is keep moving to your take profit but what happened suddenly the price step by step getting further against your position and ended up to pass your SL not your TP. Is this means that TP is worthy? Maybe you could think that if i keep monitoring my position i could cut my position later before it passed SL.

Talking about need, actually i want not need but with a note that the bonus which i get from broker must be a bonus that i could use for trading not as the money to hold my positions, or to be simple that will increase my capital. So with that i can afford bigger lots.

So how much money you have there @kim? We are talking about the size of money we should have in our account for the sake of make bigger profit or at least to survive some worst cases that could happen to our life. Also i want to say it seems that each trader has their own, since for me $250 at least is the best number.

I still see concentration as important part, it is very logical for all traders to think like that. Imagine you trade but forget to open or forget to close your position because you just saw a new video from youtube? That is what happened(just for example) if you don't focus to your trading, you don't concentrate and the worst over the worst happened.