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The price of Rotterdam's Coal closed weak at the end of trading Friday dawn (30/06), after China banned the coal imports. China plans to ban coal imports from July 1 at ports established through approval by the provincial government, according to people familiar with the situation, the latest move by President Xi Jinping's government to give tighter controls in the market. Rotterdam coal price futures for the most active contract, the October 2017 contract ended down at 77.15 dollars per tonne. The price of the commodity decreased by 1.10 dollars or equivalent to 1.41 percent compared to the previous closing trade position. Analysts estimates that Rotterdam coal price futures in future trade may potentially rise if the weakening US dollar continues. Coal futures price potentially test the resistance level at 77.70 dollar and the second resistance at 78.20 dollar level.

But by have a mentor especially the capable one, i think it will be super good. The directed training would bring much benefits, you have target, you have motivations, and your teacher/mentor could act as buffer or as advice machine if you got a big huge block in front of you, it will also answer almost of your questions.

To build a better system i mean it must be derived from your experience, and in this case when we started to trade we need more experience, demo account is a good place for that because as you can see it is just demo account and a suitable place to learn. For somebody who want to learn about long term trading strategy they can try that way.

Capital is hard to find but if you have a good confidence or maybe somebody who have a lot of experiences with forex but now back from hibernating life, opening a pamm account could be a good idea to attract people who have good trust to foreign exchange. You can start from a forum who has agreement with few brokers to provide some bonuses, in the exchange of being active on the forum.

But it means that you should accept that forex has its own risk, and we cannot even fully eliminate this risk. In the end that is forex's risk which make it more interesting and lucrative business. However, by use demo account first you can still reduce more risk that you may get if you don't trade first from demo account.

Even with certain plans everyone still cannot make profits.It is the matte of act at the right time. This is so much hard for traders to do even for somebody who spend like 4-5 years or even more. Everyone cannot earn profit but you still able to earn smaller than typical traders but suffer less loss which is actually quite happy way.

Forex is surely more flexible than stock we know but Stock offers more than one way to earn money and not just by trading or speculating. Both are good businesses and most of the people love them especially with so many example of good traders which you all can see from some foreign exchange forums.

As long as you have far great internet connection with low pings, that shouldn't be a big problem. Scalping only requires around 5-10 pips per transaction, imagine they do 10 times trading and make profit with the whole trading? That would be quite big amount. Usually scalpers use more than currency and in very small interval.

Yes this is a good motivation for them, give them a new feeling that they have chance to be a successful FX trader. But i think forex is not the only one place to invest, right? Even it is better if all those money invested in one pool so it would be easier to manage it and that pool is forex. If we properly manage to make profit each month, i think in 1.5 year our capital will be back.

Yes, in any kind of tough situation an extreme precaution must be taken. The very strict risk management is one of the solution from a lot of ways to stay survive in tough situations. From my POV, somebody need time to master or know very well their own risk management system, but that is quite normal for majority traders.

It could be wiped out as long as somebody don't want to follow the rules which already well-known in forex industry. Taking a risk is already the part of each experienced forex trader, they know the risk so well and still want to take it for the sake of getting more pips because they know that there are higher percentage for them to win a trading.

Cross pair is one of the unpopular pair. There are a lot of benefits by trade with unpopular pairs, but one thing that we should know is that cross pair has high fees aka spread per transaction. The benefit is increased volatility, there are GBPJPY which has bigger volatility which means bigger pips to lose or to WIN.

Should leave greediness as early as possible you able to do. Greediness is the part of humanity but learning to control it is possible. Trade like without emotions, always judge the trend based on critical thinking and with additional data from indicators. That would be make much sense and have higher rate to be profitable.

This is back to the experience again. It doesn't have to be a very long struggle because not all traders can do that, some only need relatively shorter struggle duration. Me with my more than 2 years old, still struggle to recover, one thing that i miss now is that i don't have systematically target for these 2 years and feel like my emotions still overwhelm me especially since my early phase as Forex trader.

In any place or era, ECN broker is one of the deep market players which means they have chance to access more liquidity thus lowering the cost for transaction. Low spread broker are 100% ECN, but remember since ECN has very high minimum deposit, only big traders or mostly of them are trying to trade there. There are various ECNs we could find here and there, all the list are available.

And then follow foreign exchange unwritten rules? Yes, for sure. Do that and i think you will be relatively safe compared to someone who ignore it. Forex have freedom which most of the business doesn't, i mean the degree for freedom itself. But this one doesn't make forex easy job, one thing which is actually harder is to analyze the market.

Crude oil futures fell on Asia session after a report on an increase in U.S. fuel inventories. This report prompting fears that the surplus of crude oil for three years is still difficult to reduce. U.S. crude futures prices West Texas Intermediate (WTI) fell around 18 cents, or 0.41 percent, towards $ 44.06 a barrel. While, Brent crude oil futures were at $ 46.58 per barrel, it seems fall down 7 cents, or 0.15 percent. Oil has recovered some points over the past week after falling nearly 20 percent since mid-May, but a report by the American Petroleum Institute showed that US crude inventories increased by 851,000 barrels in the week to June 23 to 509.5 million, compared with analyst estimates. Expectations fell 2.6 million barrels. Prices fell despite an ongoing effort by the Organization of Petroleum Exporting Countries (OPEC) to cut output by 1.8 million barrels per day (bpd) between January 2017 and March 2018. Tonight will be released US weekly inventory of crude oil data by EIA which indicated a decline. Analysts expect crude oil prices to remain weak on the back of an increase in US weekly crude inventories as the API reports. However, if the weakening US dollar continues, and tonight weekly inventory data will fall, it will lift price.

Arabica coffee prices rose in late trading early Wednesday (28/06), triggered projected by cofee production deficit. Marex Spectron estimates world production shortages of 4.4 million for 2017-18, compared with a 900,000-pound surplus in 2016-17. The price of arabica coffee futures in the close of trading early this morning has strengthened. The price of Arabica coffee futures on September 2017 rose by 0.80 dollars or equivalent to 0.64 percent and closed at the rate around 1.2530 dollars per pound. Tonight will be released Pending Home Sales May US data indicated to increase. If realized will strengthen US dollar. So analysts expected that Arabica coffee futures may potentially weaken limited. The price of also potentially to test the Support level at 1.2200 dollars and 1.1900 dollars.

The price of CPO in Malaysia's commodity exchanges was observed higher on Wednesday afternoon (28/06). The rise of CPO price this afternoon is supported by the weakening of Ringgit. The weakening of the ringgit makes commodity prices traded in the currency become relatively cheaper for overseas buyers so demand increases. The price of the most active CPO contract on Malaysian commodity exchanges today appears to have risen. The contract price in September 2017, which is the most active contract, rose by about 21 ringgit or 0.9 percent and traded at 2,463 ringgit per ton. It seems that many analysts estimated that the movement of CPO futures prices in subsequent trades potentially will strengthen by the potential weakening Ringgit. The price of CPO futures seems to test the resistance level at 2,510 ringgit and 2,560 ringgit.

The price of ICE Futures cocoa futures in late trading Wednesday (28/06) closed up. The increase of cocoa prices is supported by technical buying action. Dealers said the market was supported by some speculative buying and short-covering, as prices edged closer to oversold territory. But technical barriers and the lackluster interest of industrial buyers ruin the profits. At the end of trading, cocoa futures contract price for September 2017 which is the most active contract is closed by posted an increase. The price of the commodity closed up by around 18 dollars or 0.98 percent at 1,863 dollars per ton. Analysts for this field estimates that cocoa futures prices for subsequent trades are potentially weak if the strengthening US dollar is realized. For next commodity trading, cocoa futures prices on ICE Futures New York potentially will break the Support level at 1,810 dollars.

Sugar futures prices closed up at the end of trading on the ICE Futures New York exchange early Wednesday morning (28/06). The price of this commodity has strengthened by the jump of crude oil prices. At the close of trading early this morning the price of sugar futures for the most active contract of October 2017 monitored to be strengthened. The most active sugar futures prices closed by 0.04 cents, equivalent to 0.31 percent at 12.89 cents per pound. Tonight will be released Pending Home Sales May US data indicated to increase. If realized will strengthen the US dollar and analysts estimates that the price of sugar futures for future trading is potentially weak, it may test the Support level at 12.40 cents and 11.90 cents.

Harm the market? I bet no one want to do that, or what i want to say here is that we are the one who harm the market, making money from forex is what derive the price, just look at what happens with SNB accident a year ago if i'm right. We as forex trader tend to do that for the sake to safe our own money or assets.

Tin price on Malaysia bourse rose Wednesday (28/06). The rise of tin price supported by the weakening US dollar overnight. The weakening US dollar makes the price of tin sold in US dollars to be cheaper, so that demand increases. Tin prices on Malaysian commodity exchanges are on the rise today based of the observations. The price of this industrial metal traded at 19,450 dollars per ton, rising by around 50 dollars or 0.3 percent from its previous close of 19,400. Tonight will be released Pending Home Sales May US data indicated to increase. If realized will strengthen US dollar. Analysts expect that Tin price for the next session may potentially weaken limited if the strengthening US dollar continues and face support levels at 19,250 dollars and 19,050 dollars.

Tocom rubber price on Wednesday afternoon trade (28/06) moved up. The price of natural rubber futures for the most active contracts by December 2017 ended up again driven by rising rubber prices in Shanghai. The most active rubber contract on the Shanghai futures exchange rose around 250 yuan or 2% at 13,045 yuan per ton. The natural rubber price at Tocom for the most active contract for December contracts rose by 6.0 yen or 3.1 percent at 199.60 yen per kilogram. Analysts estimated Rubber price movement for the subsequent trades have the potential to strengthen limited by rising rubber prices in the Shanghai market. Also be observed by the movement of Yen and crude oil prices.

Serious business isn't it? But probably there are some traders out there who think forex as gambling and that is all. By wisely use risk management i think traders can survive but not all of them bother to learn something as important as this one. It is not healthy trading and sooner the trader will lose even much more they imagine.