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myregister
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Everything posted by myregister
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Nothing new, and check their news you won't find any expansion or something like that, i can say that perfect money is at stable moment. Also i do realized that their .com will sooner won't be available to access and if you find a site later which imitate and use .com domain for perfectmoney it should be a phishing site.
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I Think Forex is Just Gambling , Do you?
myregister replied to kiranchandra's topic in Forex General Discussion
It is up to someone want to see foreign exchange as gambling, i have my own defenition of gambling but still see forex as legal and also different in most aspect than those gambling. Gambling is matter of luck but still you can win with mathematical model, but forex isn't just about luck or math model it is also about direct analysis and prediction. -
Are you a long term or short term trader
myregister replied to euro's topic in Forex General Discussion
And i also love it, to be exact i am not someone who targetting such a high pips for just one single trading, at most 100 pips and i rarely acheived it if i don't make any mistake, 2 times. My position ended up between 40-70 pips. Pretty low but my position usually closed in less than 48 hours this what makes me love news based trading. -
Small profit and small risk this is a common sense, the key of scalping is trade during calmer time, usually they tend to avoid high volatility of high impact news. One thing that i see about scalping and based on my experience is that you must open more than one position, before i opened up to 10 positions in one day only with 10 pips target per position.
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I use dailyfx, it is one of the best forex station for me to get nice result from my trading. News station which i prefer doesn't give me much advantage, from my own perspective this is the best site i could get since i cannot afford to buy cable TV which provide me site like CNBC, so the news usually delayed around 30 seconds to 5 minutes.
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Binary trading is safer than Forex trading?
myregister replied to Milo Beck's topic in Forex General Discussion
At the certain price, i just want to corrected you but it seems that you also doing this kind of thing or not? Well for example the price is at 1.6000 for EURUSD and i predict in certain time it would be higher than that, eg: 30 seconds i predict it will be high then i choose CALL and then if that's right i will earn profit if not i will lose. This is more straightforward thatn foreign exchange but it is not flexible as foreign exchange. -
Well expansion or gain bigger profit is not act of addicted, i think that is normal that people will expand or fall it is a cycle and our universe is a good example of expansion. Maybe i could heated up this discussion by give a few example of addicted person of forex. One of them is revenge, well we must recover for sure but revenge isn't a good idea. Usually traders who seek for revenge end up lose more, guess what? Uncontrollable emotion, Trying to take opportunity in more cases even that is just fake trends and so on, they easily tricked when want to revenge.
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Well it must be clear first is this kind of mentoring like traditional one where we learn from someone like have a teacher that teach us to learn by ourselves through someone's experience or blog or the other kind of passive learning source such a daily forex articles. By the way, i see the one who really eager to learn forex and get a mentoring would progress in faster way.
- 361 replies
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- Forexmentor
- forex mentor necessity
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Forex for someone who has good patience, can endure pressure and uncertainity for long term. It would be good if someone has philosophy such as Warren Buffet all i can say if you are someone who has less fear and able to control your emotion and want to earn big with high risk for sure then foreig exchange is one of the business or job you can depend on.
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- Learning forex
- Should i trade in forex
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100% here control means that you have overflow control of your trading which including control how much loss and profit you want, when to close or open a position, or to add trailing stop feature or even use another kind of execution such as buy stop order or market order.
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Like i said about this one before it is practically impossible, $1000 and daily? I never see a trader that still make profit everyday over and over again without even suffer a single loss. Also to reach that number one must invest huge amount of bucks which is not easy to get especially for us retail traders.
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Importance of Demo Account/virtual account in Forex
myregister replied to abdulla1's topic in Forex Newbies
That's the truth which i get here, first knowledge and then practice thanks that nowadays we have demo account, we can practicing without even need to worry about loss and this is a good thing for newcomers since i know it is hard to know about forex without making a single mistake.- 751 replies
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- forex virtual account
- forex demo account
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Of course, this is why i trying to constraint myself to see those kind of review site, i mean i still look at it but doesn't exclusively stick with it. My rules to choose broker still with regulator, and after that payment processor which that broker accepted and the last is its spread even not very much, but there are more actually. In fact i still stick with FXDD and don't move to any broker for long period.
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That is right a very good propagandas and still people buy it why? Because many people want to achieve economic freedom and it seems forex offers that, and people who introduce forex also show only the good side without taking the bad side into the eyes of someone who attract to forex. You will even see the small note below of each broker saying that forex is a high risk business.
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- forex misconception
- top forex miconception
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Each person who trade in forex for quite long time or still struggle to get profit surely affected by forex, their personal life could change from small dose of change to big dose of change, but for me i think i become more and more analytical in certain situation than before and less spontaneous.
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Always follow and it is better if someone have their own personal trading rules because of its great contribution but remember you don't just follow it but able to change it, i mean if you follow your rules strictly but something wrong happened, not just once but more than twice you should change the rules and stick with the new strategy/rules.
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Should I put a lot of indicators on my trading chart?
myregister replied to flybiz08's topic in Forex Newbies
Yes, against our common sense and that isn't an effective method for traders since would leave many confusion to traders and maybe there is or are problems where the signal isn't match to each others. I recommmend just 3-4 indicators, if you want to combine old and new. Usually 2-3 indicators already enough. -
Demo account has no risk so use robots there won't be a big problem for us, and not to mention that forex robot also has some disadvantage that may won't work with a lot of traders. My own opinion about this one that forex robot is actually like human trading , it has its own good and bad things.
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How can you be so sure that your broker is a true ECN? True ECN is a broker that provide a trader real access to the liquidity provider. This kind of broker usually well-regulated. If i must be honest one of the example is InteractiveBrokers or Dukascopy. Those two so far which i recognized as True ECN where you are really connect to the market directly.
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But i love that decentralized marketplace, it will boost growth and also more competitive price which means that what we get is the best price that market could give. Also thanks to its decentralized nature of fx market, the growth is big not to say at the moment more than 3 trillion dollars circulated everday, this is simply amazing.
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Like the thread said, it is clear that Metatrader is de facto platform for foreign exchange trading and guess what Metatrader has been using by brokers around the world regardles their type of account. But also as we know Metatrader has 2 version. The old and stable MT4 also quite new and has a bit bug MT5. By comparison i think MT4 is the best for overall scores but in few cases like loading time, MT5 is the best. What do you think? Please feel free to discuss about this issue here.
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I created this thread because i feel it is good if we discuss about this stop loss hunting since for many years this issue attract attention from traders over the world, why? This is an illegal activity which some broker did, they purposely modify the price so it would move step by step to a trader Stop Loss. It is happening mostly in Dealing Desk Broker. By the way, have you ever loss in forex because of this ? If yes, please share your experience and let us discuss about this once more.
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