myregister

Australia's benchmark interest rate is maintained by the RBA today at 1.5 percent level. This policy has been going on since the last 13 months amid growing signs of a slowdown in the housing market. RBA is known to have never raised interest rates since November 2010. In addition, the Australian economy was strongly forecasted last quarter to grow rapidly as exports and public spending showed improvement. This is likely to be the reason the Australian central bank keeps its current low-interest rate. The latest data is still consistent with central bank expectations, namely Australia's economic growth will increase gradually until next year. In response to the RBA monetary policy, AUD/USD shows a rise up towards 0.20%. This morning Australia also reported data on its current account surplus that increased to 9.6 billion AUD in the second quarter, higher than the previous quarter of 4.9 billion AUD. According to analysts, the strengthening of Australian Dollar is more due to the weakening US dollar than the economic conditions within Australia.

Inflation is slightly down to away from the target so the Federal Reserve should be careful of doing Advanced Rate Hike until it believes Inflationary pressures will rise even higher, according to a statement from one of Fed's top officials on Tuesday morning local time. As one of the most highly regarded policy makers in the Fed's ranks, Lael Brainard said that the Central Bank must ensure price push (Inflation) above the 2 percent target in a calmer manner. Brainard dovish statement that emerged because the release of Inflation in recent months has not shown a positive trend. Keep in mind that, the Fed has raised the benchmark interest rate twice throughout 2017 and is predicted to do a third Rate Hike later in the year. But unfortunately, after seeing inflation that does not improve to make investors feel skeptical until the probability of Fed rate increase in December only 30 percent. Lael Brainard also alludes to Harvey Storm which he thinks has generated economic uncertainty and is likely to have a real impact on the economy in the third quarter.

Sure as long as that broker is well regulated i also don't have any problem with it. I agree with that, everything seems fine with stop loss and in NDD it is one of the most advisable features by lots of articles which I've been read. Controlling the loss without need to do it manually and save my time a lot.

It is a foolish idea for trader to put a lot of indicators on your own chart. The chart will be totally crowded to see and when to analyze the chart will be harder. Clean and informative chart is all you need, around 2-4 different indicators already enough just make sure that indicators could support each other and contain lead and lagging indicators.

@sidejob: Just because it has few doesn't mean it suddenly gambling or people can easily treat foreign exchange as the business where you can easily guess the result and without any risk management plan. Maybe people see forex like gambling because of the market's volatile where you can reach more profit faster than other businesses.

Maybe that is one of the weaknesses of forex you can see. Forex is not binary but maybe like forex because of the market it takes. Yes, the risk management in binary trading which is totally lacking compared to forex where you have a lot of features to use and in my own opinion forex overall is safer business than binary.

Nobody want to fail but at least get your ass and face the reality, forex is a risky business we can be afraid but it doesn't mean we must quit. If you quit the chance is lose and hopefully you make it for the other business, but face the reality and trying to devise a good plan, you still have chance to survive and make profit later.

Even the broker which offers dealing desk platform regulated by a strict regulator the market will be still the same. The one who controls it still the broker, so if they want to do the manipulation they can do it at will. You won't have anything instead of trying to fight against the broker which means another conflict of interest.

Yes, and I am sure the best way to do that only in demo account or in the virtual account. This is why virtual account become one of the most important accounts for foreign exchange trader. In the other hand, demo account also gives chance for newbies to make mistake without need to worry about the mistake itself.

You are traders who use technical analysis, isn't it? Use an accurate analysis or indicator. That is the key to have a good prediction in forex no matter what kind of strategy you are using right now. Scalping also easier to be done. I mean if you make a profit or if you lose. If you want profit that is just the small amount of pips you need, it is not like long term trading.

I think we should go back to basic of forex itself. Many traders who usually can not get a consistent profit because of it. In addition, I think when traders rush to take decisions the resulting impact is inconsistent profit. Moreover, it is better to trade only at the right time and when the momentum allows us.

First of all, having a control over all of our trading could be good and bad, it is the matter of different strategy and perspective. I myself right now see that 100% manual or automated trading isn't good at all. I retain most of the decision only leave how the position closed to the automated system. I decide is this the right time to open a position or to enter the market, but closing will be done by either SL, TP, and TS which i had been set before.

You can lock the profit as long as the profit is in the reasonable range if you ever use trailing stop you must know that we must input pips amount we want as the locking point. If you set 20 pips then if your position is +25 pips then Trailing Stop will activate, so when for example the price fell down to +20 pips the position is automatically closed.

It is surely low and not a perception. Broker want to get profit too, they are here not to become a saint but a middle man offering its service so they could get some commission from their own service. The bonus is just for attraction, even with this offer they have been count how much money you would spend for.

As long as the fees which broker imposed to trader still in normal range i wouldn't mind to trade with them especially with an honest and reputable broker. Fees only become conflict of interest between me and the broker when that broker already act like a typical bucket-shop broker, with its very wide spread even for the major pair such as EURUSD.

I think those guys already out of the topic. Anyway trader with a mobile phone is a breeze for some people if they have a quite powerful smartphone. One more thing, wireless connection. In some developing countries their wireless connection is not something that you can depend on, it may be quite slow with high latency which hampering your trading.

Talking about the addiction of foreign exchange i am sure there will be at least one of them which addicted to foreign exchange, it is either because they cannot control their own lust for more profit or for the sake of avenging the losses they suffer before. So based on those, I think it is better for us to discuss both of this cause and how to solve it.

A good example of someone who starts business in foreign exchange. I still do believe that we should take the risk only when we are ready about the loss which we will suffer later. Just like HYIP, the key to being successful in forex is to manage the risk and this is why we should just take the risk that we able to control.

That is understandable for that kind of broker, bucket shop broker just wants their client to lose their money in either long term or even in short term. As for scalping, it is not a good strategy for bucket shop especially considering your high throughput performance and your account will be under their watch.

True, in this case, i agree with you. But once again this all depends on one trader's personality, that is all. Trading with multiple brokers also needs more resources so I think to try to do this in demo account first, after that you can see how good you are when trade in that kind of condition.

So based on your post i don't still get it why we should choose between forex and stock because of the plan?. One of the differences between forex and stock market is that in forex, the barrier is pretty much low compared to stock, with this there are many newbies discouraged by stock and prefer low cost forex.

Gold prices dropped in Asia on Thursday with a series of regional data that helped sentiment and focus on turning to the expected battle to get a tax cut approved in the US that would likely impact feeding policies if successful. The official Manufacturers Purchasing Managers index in China totaled 51.7 in August, beating expectations, data released on Thursday showed. Also In Australia, private new capital spending for the second quarter jumped 0.8%, well above the 0.3% rise seen and private sector credit for July came in as expected, up 0.5% Gold futures for December delivery on the Comex division of the New York Mercantile Exchange fell 0.52% to $ 1,307.27 a troy ounce. In Japan, temporary industrial production data for July fell 0.8%, more than the expected 0.5% decline. The decline in gold prices contrasted with an increase in purchasing activity among financial managers, after net bullion in gold rose to its highest level in nine months, according to a report from the Commodity Futures Trading Commission (CFTC) last week. Some analysts believe gold will continue climbing higher in the near term but remain concerned about the long-term direction as its technical prospects are "very cloudy".

The price of crude palm oil (CPO) is monitored again in the red zone, although at the same time the performance of the ringgit currency remains depreciated. CPO futures contract for November 2017, the most active contract on Malaysia bourse, traded down 0.11% today or 3 points to 2,710 ringgit per ton. In fact, the price of CPO had posted a rebound when it opened with a gain of 0.41% towards the new level at around 2,724. The rebound in the price of palm oil was driven earlier by the weakening of the ringgit against the US dollar and lower production expectations. Nevertheless, the strengthening of prices may be limited by weaker exports. The export data for palm oil for August is scheduled to be released by Intertek today. Earlier, Intertek data showed Malaysian palm oil exports from August 1-25 fell 8.1% (m-o-m) to 934,544 tons.

Prices of Natural Rubber futures closed higher on Thursday, boosted by expansion data from China's manufacturing sector. Based on National Bureau of Statistics (NBS) data, the manufacturing purchasing managers index (PMI) rose to 51.7 in August. The PMI figure is higher than the median forecast of economists in a Bloomberg survey of 51.3, as well as a PMI figure of 51.4 in July. Also, the weakening of the yen and the Nikkei index's rise also provided fresh impetus and wind for this commodity. The Japanese yen exchange rate weakened 0.22% or 0.24 points to 110.48 yen Therefore, the price of rubber for delivery in February 2018, the most active contract on the Tokyo Commodity Exchange (Tocom), closed up 1.16% or 2.50 points to 218.60 yen per kilogram (kg). Previously, rubber prices opened with a 0.14% increase or 0.30 points at 216.40 yen per kg position, after trading on Wednesday ended up 0.28% at 216.10.

The US Personal Spending in July grew at a slower pace than expected, the Commerce Department reported Thursday (31/8) early in New York session. In addition, yearly inflation has risen at the slowest pace since late 2015, could lower expectations of a Fed rate hike later in the year. The Commerce Department reported the US Personal Spending rose 0.3 percent last month (expectations rose 0.4 percent), better than the June period that recorded a 0.2 percent rise. Although below expectations, the Personal Spending trend of Uncle Sam's country continues to show growth that is believed to support the third quarter of 2017. As the result of that, US Dollar Index, which measures the strength of the greenback against trading in six major currencies, climbed at 92.92 extending its recovery from a fresh 2.5-year low of 91.55 hit on Tuesday. The dollar also gained against Yen, reaching a two-week peak at 110.60. Separately also released PCE Inflation data grew 0.1 percent (excluding food and energy) in July, in line with earlier expectations and a 0.1 percent rise in June. Core PCE that became the Fed's "Favorite" Inflation indicator recorded growth in the same margin for three consecutive months.