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myregister
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Regulation, Do this really important for broker?
myregister replied to myregister's topic in Forex Newbies
But the broker which play that kind of games get a fine from the regulator, also if we search it thoroughly the strict regulator usually fined their naughty broker. You should put it on priority when choose a broker because it will affect how your broker act in future even it is not 100% -
Based on ICE futures the price of sugar futures clsoed down on the late trading yesterday morning (06/07). The price of this commodity weakened by global surplus worries of the Sugar Supply which maybe affected by the surplus. The contract rebounded from its lowest last weekend point at around 12.74 cents but dealers said the rally appeared to be exhausted, while hopes for a large global surplus in 2017/18 continued. At the close of trading early this morning the price of sugar futures observed declined. The most active sugar futures prices closed down 1.44 percent at 13.72 cents per pound. Tonight will be released data of ADP Employment Change, Balance of Trade and US ISM Non Manufacturing indicated weakening. According to analysts if it happens then it is estimated that the price of sugar futures for future trading potentially strengthened if the US dollar realized weakened. Crude sugar futures prices on ICE Futures New York potentially test the resistance level at 14.20 cent positions and 14.70 cents.
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CPO price on commodity exchanges were observed higher based on Thursday afternoon (06/07). The rise of CPO price this afternoon is supported by Asian crude oil price hike. On this fateful session, crude oil prices rose after falling about 4 percents overnight. The price of the most active contract CPO on the commodity exchanges today appears to have risen. The contract price for September 2017 Delivery, which is the most active contract, rose around 0.4 percent and traded at 2,549 ringgit per ton. Analysts expect that the movement of CPO futures prices in subsequent trades will potentially strengthen if the crude oil rises continue. The price of CPO futures contract in September 2017 is potentially tested the resistance level at 2,600 ringgit and then at around 2,650 ringgit.
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Natural Rubber Fundamental Daily Analysis
myregister replied to myregister's topic in Fundametal Analysis
Tocom's natural rubber futures on Thursday afternoon (06/07) ended down slightly. A slight decline of Tocom rubber prices triggered by a rebound in Shanghai rubber prices and crude oil which made a comeback. The most active rubber contract on the Shanghai futures exchange is for September delivery where it rose around 75 yuan to end at 12,900 yuan (US $ 1,896) per tonne, after hitting a one-week low hit on Tuesday. Analysts expect that Tocom's futures rubber futures will move further if the crude oil price continues to strengthen. On the next session it seems that Rubber futures on Tocom will test resistance levels at 201.50 yen and 206.50 yen. -
Tin prices on the stock exchange fell on Thursday trading (06/07). The weakening of tin price is depressed by the weakening of base metal burdened with geopolitical security concerns. Geopolitical security fears triggered the launch of North Korean missiles that caused tension with the United States, Japan and South Korea. Therefore, the price of tin is observed to weaken today. The price of the industrial metal is trading at 19,950 dollars per ton, down by 1.00 percent from its previous close at 20,150. Tonight will be released data of ADP Employment Change, Balance of Trade and US ISM Non Manufacturing indicated weakening. Analysts expect that the movement of tin futures prices in subsequent trades has the potential to strengthen limited if the weakening US dollar is realized. The price will face resistance level at 20,150 dollars and 20,350 dollars.
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Gold price rose after minutes from a June Federal Reserve meeting showed Fed officials were ready to reduce the $ 4.5 billion bond-side balance of payments to boost the economy during and after the financial crisis. The spot gold price rose 0.15 percent to 1,225.41 after initially dropping around 0.21 percent after the announcement. US gold futures for August delivery ended at $ 1,221.70, up $ 2.50. A stronger US dollar makes gold more expensive for holders of other currencies and higher bond yields increase the opportunity cost of holding unproductive gold. The rise in interest rates meanwhile higher bond yields and tend to push the dollar. Analysts said if the minutes of the Fed meeting confirm that they hold on to their views on the economy and higher interest rate projections, this will not help the gold market. In addition, it is estimated that gold prices will likely rise with the emergence of doubts of interest rate hikes after Fed officials are divided into approval of US interest rate hike, because the price is predicted to move in the range between $ 1,227- $ 1,229.
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At the end of trading late Thursday (06/07), Rotterdam's coal price rose, ignoring the weakening of crude oil prices. The price of rotterdam coal positively triggered China supply disruption. Coal supply disruptions in China are the problem, where demand for thermal coal increases after heavy rains have an impact on hydropower capacity. A large rainfall in China has forced the world's largest power plant, the Three Gorges dam, to reduce its capacity by 6,000 MW. At the end of trading the Rotterdam coal price futures were at 79.70 dollars per ton. The price of the commodity has strengthened by 0.57 percent compared to the previous closing trade position. Later evening will also be released US weekly inventory of crude oil data indicated to decline. Analysts expect that Rotterdam's coal price movement in future trade may potentially rise if the price of crude oil is realized increases. Coal futures price potentially testing the resistance at around 78.20 dollars and the second resistance at around 78.70 dollars.
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@uncle gober: Well MM is the part of RM. As the whole RM is not just about money management but also about emotions management, and all the risky thing about forex. To said someone want to earn $1000 daily is a big dream. As long as you have capability to make an accurate prediction and bigger lot size each opened position you will be good with it.
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Everyone want to get the control of their trading will prefer to trade manually, because that is where we can control our trading fully or at least 80% if we love to use SL or TP as the stop point. For training i am sure that manual is the best way, robot or automated trading is good for generate smaller profit but in faster pace especially in calmer market's wave.
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It is not a problem, just utilize the contest or promos. That is a very good chance to get additional capital, i am not taling the thing that you can withdraw directly. Imagine with additional capital, you can afford bigger lot size and this is good for you to expand your capability as trader with bigger profit purpose.
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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
@uncle gober Little or Small capital amount is a good start for somebody without much money on their pocket, but the bigger capital you have the more lot you could afford thus saving much of your time to get bigger amount of pips. Back to the free money, it is not useless as long as there are no hidden terms for us, as long as it is free to use for trading it would be so much helpful. -
It doesn't happen instantly for sure, we need to spend more of our time to trade or if you want to be more efficient there is one way which is increase your lot size and with this you can save more time because 1 pips for 1 lot where the profit is $10 per pips is actually bigger than 1 pips for 0.01 lot size where the profit is $0.1 per pips.
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practice to be consistent on the profit obtained
myregister replied to rizal83's topic in Forex Newbies
But it doesn't mean that you will be able to consistent when it comes to make profit. Keep practicing and you will have more chance to make it true. Also to reach such a pinnacle, is not easy since it requires our patience which we think should be more than enough but it pays off with a better consistency and reliable forex as business and your own income. -
I don't know about that, but some brokers don't allow because of one certain reason, mostly dealing desk broker have this kind of strict rules and trader who don't follow that rules won't be able to survive, also in dealing desk if you make bigger profit or more profit per trading you must be cautious.
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If i must choose and actually robot can perform as good as human, i will choose robot trading. It is more accurate and can work for 24 hours also it has no emotion, isn't it?, the other thing which makes robot good that you don't have to spend more cost, well at first the cost is big but after 1-3 years it will be ROI, but this is true as long as your robot trading is an enterprise grade robot.
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Not just for long term trading but for short term trading too. Experience in forex will play important part for us, it will change the way we think. You will be wiser as you keep trading and you also sharpening your analytical skill. The benefit of gain experience is that in long term you will have set of skills you can use for a better trading later.
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But there are difference between both of them, stock has less turnover daily than forex also it means that we don't have that much time to make more profits. If i have bigger funds, stock or forex i will still choose forex and the leverage in foreign exchange is so much helpful to me that may increase my chance to success.
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The price of ICE Futures cocoa futures at the end of trading Friday dawn (30/06) closed down. The decline in cocoa prices is under pressure by the increase cocoa production. An estimation for worldwide crop harvesting has boosted the prospect of a surplus this season and has lowered prices since last year. At the end of trading early this morning, the price of cocoa futures contract for September 2017 which is the most active contract monitored closed with a decline. The price of the commodity closed down by around 1.22 percent towards 1.861 dollars per ton. Analysts suggested that cocoa futures prices for further trade may potentially rise if the weakening US dollar continues. For futures trading, cocoa futures prices on ICE Futures New York potentially will break the resistance level at 1.910 dollar.
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Australian Dollar Fundamental Analysis.
myregister replied to myregister's topic in Fundametal Analysis
The movement of Australian Dollar exchange rate (11:00:15 WIB) remained strong against the US dollar on Asia session, having opened lower at 0.7680 position in early trading session and now the Aussie exchange rate is at 0.7694 after having climbed to high peak at around 0.7711 through strong resistance. Fundamentally there is any kind of news that could do something and AUDUSD correction towards the upper 0.7677 and if it breaks it will continue towards 0.7634. Many analysts suggested AUDUSD normal range is expected to have support levels at 0.7594 and resistance levels at 0.7751. -
The movement of USDJPY on Asia session (11:20:15 WIB) is moving weakly after the price of this pair opened flat or equal to the previous trading close at 112.16 in early Asian session (00.00 GMT), and now the pair is rolling at 111.94. Fundamentally it seems that, USDJPY moves up towards the starting position of this session and if the break continues to climb to upper line at 112.74. But if it goes down again will slide towards 110.89. Many analysts suggests that the USDJPY normal range is expected to have support levels at 110.53 and resistance levels at 113.47.
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A good money managment system can give you success
myregister replied to Levie's topic in Forex Newbies
As long as they keep their words, i think it is also some kind of stimulation to their brain so they still have confidence despite know the real fact about foreign exchange itself. Aside from that, a trader should know what they are doing right now and in order to press the loss while try to get more profits as much as you can. -
I don't get what do you mean but it seems that many people will agree that addiction to something like forex is not a good idea. Even this is now become one of my hope to prove that i can earn by myself. One of the reason why people usually addicted to foreign exchange is overconfident that they may win the trading. Many loses and start to lose control and keep trading without knowing that what they did is wrong.
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Why do you think people are scared of investing in forex?
myregister replied to Levie's topic in Forex Newbies
That is simply the fact, right? Forex is a risky business and people love to spend their time here not because of the risk but because they simply believe that this business would give them more chance to earn, even fx seems scary business people still flock to it because many people already earned here with proofs. -
Crude futures prices mixed after hitting a two-week high in late Friday trading (30/06), after Goldman Sachs and Barclays downgraded oil prices forecasts. The mixed move was also triggered by sentiment in US weekly supply cuts offsetting increases in global production. US West Texas Intermediate (WTI) crude futures rose 19 cents, towards $ 44.93 a barrel. WTI earlier posted an intraday high of $ 45.45, as a two-week high. Brent crude futures fell around 7 cents to $ 47.24 a barrel, having touched a two-week high at $ 48.27 in the previous session. Goldman Sachs and Barclays have reduced their crude price forecasts for 2017. Goldman, on Wednesday, cut its forecast for US crude for the next three months to $ 47.50 a barrel from $ 55. The decline in US crude oil production has temporarily eased concerns about oversupply. Crude oil prices slipped to the lowest level in 10 months last week but have since rebounded more than 7 percent, stretching to the longest since April. Analysts at investment bank Goldman Sachs said the rise in production of Nigeria and Libya, as well as a rise in U.S. shore oil drilling, would slow the withdrawal of crude oil inventories. Analysts also expected crude oil prices to move higher and to move within the resistance range between $ 45.50- $ 46.00.
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Gold prices fell at the end of trading late Friday (30/06) after affected by several global central bank plans to ease their monetary policy loosening which pushed bond yields higher. Spot gold prices (LLG) fell 0.19 percent at $ 1,246.42 per ounce, while U.S. gold futures. For August settled at $ 1245.80 per ounce, down $ 3.3. But the decline stalled further helped by the weakening US dollar which fell to its lowest position for this year. Gold is very sensitive to rising interest rates, which increases the opportunity cost of holding back the non-yielding gold. However, gains in the dollar, offsetting the impact of higher yields to keep the gold rangebound. The central bank's hawkish comments this week signaled an era of financial easing, which helped gold hit a record high of $ 1,920.30 an ounce in 2011, possibly coming more than what is happening in the United States. Analysts estimated that Gold price still potentially rose triggered by the weakening US dollar and Wall Street. The price of gold is expected to move within the range of Resistance between $ 1,248- $ 1,250