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Well i couldn't agree more with you, It is actually pretty mind taxing rather than other aspect of foreign exchange. For me, it is just the matter of discipline and how long you spend your time to trade with it. So this is why you need to use take profit and also why tools like this one is so much helpful for me and for you.

For MT5 users they will love MQL5, and yes MQL4 already supported object oriented programming and this is why i keep wondering up to now that why it still support MT5, i mean MT5 and MQL5 already sounds like "failed" project which only attract small numbers of brokers.

Well BTC and USD example you offer there is too much volatile and actually i don't really like it compared to foreign exchange . I know forex is somewhat slow in terms of movement/volatility it is just dozen to hundred pips but with larger capital we have and plus the leverage, you can earn hundred to thousand dollars per month depend on the way you trade.

Well, the key is concentration and big capitals. Let me tell you the earning is as low as something that mediocre traders can earn per month, it is pretty low so if you want significant earning or to be exact noticeable earning, invest bigger. Balance trading is helpful and can be done in legal way as long as you have 2 accounts in different brokers.

But don't hope something like that when you just have 3 or 4 digits capital, 6 digits would be realistic for that daily and also aside from how big capital we have, we need to re think the risk for trade every day and how good that skill we have. Earn $1000 is possible but comparing the risk and overall what we get, i think we should think twice before doing that.

Yes, i agree and know about that. For me it is hard to see how honest a broker aside from this indicator. I know it won't guarantee for 100% that a broker will do like what we want, but being regulated by strict regulator compared to lax regulator will give us some insight to how a broker behave, and if they are trying something bad, a regulator is ready to handle that.

I think it is because they think that foreign exchange is not worthy for their time. Scared for something is normal especially for risky business such as foreign exchange, but this is what hamper some people to enter the business also there is a chance they will get a scam from dishonest brokers out there.

@sidejob: One thing that i love about ethereum is actually their smart contract. Smart contracts often emulate the logic of regular contractual clauses. With this, there are a lot of contractual clauses where we can make it partially or fully self-executing, self-enforcing, which in the end both reduce a number of transaction costs associated with contracting

$2000? You kidding me? The price is when it was december even more than $2000, and right now it is above $13000. BTC still have nice prospect this year but i don't see any significant increase instead the price tend to stabilize its place, also considering very high fee with lower transaction speed makes it harder to use for its real purpose.

Hm, without using indicator but use charts? I guess that is indicator too, fundamental use not just calendar but also sometimes rumor not really hard but not so much easy thing to do. I find various type of technical analysis style is so much overwhelming to simple straightforward fundamental style i've learnt so far.

I don't think that hedging is a substitute for stop loss, but as i said that profit locking is a very good idea that trader with big cash in their account could try. Also if they are after a long term strategy it will help them to sustain from the uncertainty of the market itself and many hedge fund use it too.

It is surely difficult and not all traders can do that , in fact some people will think twice but the gap profit is huge thing and usually there are bigger tendency that the price after than will follow the gap trend, if the gap is bullish, it will be bullish and vice versa. So far only few use this one compared to the other traditional strategies.

Correct in terms that you should have enough skill to do that. To make profit and to lower the risk at the same time. That is why an accurate analysis and good risk management is needed, basically it is back to your patience and also your discipline. A good money management in long term will give you success.

bsia? You mean can? Well in order for you to make profit, it is not instant for sure but it will take time, but compared to other business foreign exchange is pretty much faster, my trading resolved in less than 48 hours -in most trading- which i think is pretty fast and not a long term trading. Usually, long term traders seek big pips.

We can generate a lot of profits, who said we can't dude? and where did you find such information? The problem is to keep the profit in relatively longer period which is hard, what you cannot do is to make profit over and over

That is their own risk, you can compare forex with freelancer, and this is what i like about forex. Compared to the other traditional works or conventional jobs where you work under boss, the only equal traditional works with the current modern forex is actually an entrepreneur itself.

You should try take profit, it is an useful tool for all traders as i said few times before it will make your trading more automatic. And if your prediction and the range of take profit you choose isn't too large, it will be easy to reach your take profit and the opening position will be closed automatically.

I agree they have knowledge and skill but the most important thing is that they are a discipline trader and also have a strong basic/foundation. They are patient compared to beginner. Based on my point of view, a good trader able to cover their trading's loss and earn more, also don't panic when lose a bit capital.

Since i am a news based traders and that is what i use in bigger frame of my trading even i use up to M5. It seems that i am fall into fundamental traders, but still you can add a small piece of technical analysis like when the right time to open a position after news revealed.

Crude oil prices fell for the first time in a week following reports that a damaged Libyan pipeline will be fixed next week. WTI oil for February delivery fell as much as 0.05% to $ 59.61 per barrel. Meanwhile, Brent oil for February delivery settled down 0.87% or to $ 66.44 per barrel on the London-based ICE Futures Europe exchange. Reported by Bloomberg, oil pipeline Waha Oil Co. which brings crude to Libya's biggest terminal will need about a week to repair following an explosion that occurred on Tuesday. Meanwhile, a report by American Petroleum Institute showing US crude stocks dropping by 5.96 million barrels last week did not provide a significant boost to the market. Oil prices have been boosted this month on the cuts by OPEC and other oil-producing countries to extend production cuts by 2018. In addition, cessation of oil pipeline operations in the North Sea also contributes to rising prices, while the increase in the number of US oil rigs has stalled even when oil prices above the $ 50.

The greenback(USD) slumped deeper in Thursday's trade (28 / December), with US Dollar Index (DXY) dipping around 0.41% to 92.645 early in the European session; its lowest level in the past month. The US dollar's weakness is due to the 10-year yield decline, while other currencies are supported by oil and metals prices this week. The US Dollar Index has slumped about 9.2% this year, so if it continues it could be the record for the worst annual decline since 2003. This is due to the decline in US 10-year yields to 2.425 percent today. Yield Bond has moved backwards from its peak, and Dollar trades in a weak tone. Other analysts also pointed to the weakening of Dollar as a result of short-term selling. Dollar declines may in part reflect a "sell-the-fact" reaction after the signing of US tax reforms. EURUSD rocketed to its highest level in more than three months. In this day alone, the most heavily traded currency pair in the world has gained 0.45% rise to 1.1940.

The US Dollar weakening theme dominated the market after the Christmas holidays. This, as well as the improving performance of Japan's economy, pushed the USD / JPY currency pair to move higher in the Asian session this morning (28 / December). Nevertheless, Yen is still observed to weaken against other major currencies amidst its monetary policy gaping. USD/JPY is falling down about 0.16% from the opening price towards 113.160. At the same time, EURJPY is still perched at around 134.791, its highest level since October 2015; and GBPJPY remains dependent on level 151,827, the highest since June 2016. Japanese industrial production for November (preliminary) MoM rose about 0.6%, higher than the estimate and 0.5% increase in October. This is an increase in Industrial Production for the second consecutive month. Meanwhile, YoY Retail Sales in November also increased 2.2%. This was a drastic reversal of -0.2% in the October period, well above the estimated 1.2% estimate previously estimated. Increased sales are mainly contributed by clothing and accessories, motor vehicles, and fuel (BBM).

Gold prices continued to rally since mid-December to reach the highest level last month on trading session this Thursday morning (28 / December). XAU / USD has risen 0.1% from its opening price towards 1288.47. Among the factors behind the current market movement, including the depreciation of US Dollar and increased purchases of gold ahead of Lunar New Year. The rise in the price of gold this time is mainly due to the weakening US Dollar that occurred even though Tax reform law was passed. In addition to the tax cuts provided are not as good as expectations, the market also anticipates a swelling budget deficit of USD 1.4 trillion in the next decade that is expected to be generated by the legislation In a release last night, Pending Home Sales data MoM in November showed a rise in contracts for new home construction by 0.2%. This figure is higher than expectations at -0.4%, but lower than the 3.5% growth recorded in the previous period. While the CB Consumer Confidence Index in December only reached 122.1, lower than the estimate set at 128.0. Precious metals prices are also supported by an increase in purchases ahead of Chinese New Year celebrations in mid-February 2018, particularly in the region of China which is one of the world's largest Gold consumers.

Yes only for that kind of man/woman, if you are newbie never hope that foreign exchange become some kind of money factory for you. To be able to earn constant profit, what a trader need is control over the money, profitable strategy with less chance to lose, and emotional control. Gain a better skill for those 3 aren't easy feat for all traders around the world.