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myregister

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Everything posted by myregister

  1. Yes that is right and that is why we should find a broker which trustable and reliable, however this is not an easy feat. Considering all of aspects which your broker have it must be well regulated by a strict and strong regulator, accept only reputable and well-known payment processor, must have office in AAA countries such as UK or US. Review is fine but sometimes that is mislead.
  2. Success as foreign exchange trader to me is when i consistenly making sizeable profit per month and i can live in my country with a pretty much high standard. Based on the location where do i live right now 4 digit us dollar is more than enough to just eat and pay other expenses and even it has 20% for me my backup or re-investment. So that is what sucess to me and i think everyone have their own? So what is the others? Well that is depend on their own view.
  3. It is still good because we learn how to trade competitively. Demo contest will give motivate us to keep trade and make profit also to try as the best as we can to avoid any losses. Do you think this is not good enough for learning? Also this is a contest with using virtual account where all your profit or lose is not real, so it is not for learning purpose?
  4. Tocom's natural rubber futures on Friday afternoon (08/06) ended down slightly. The weakening of Tocom rubber price triggered by a slight strengthening Yen. Yen monitored strengthen on this afternoon. The US Dollar / Yen pair traded down by about 0.03 percent at 111.30. An increase in Japanese yen makes the price of commodities traded in this currency relatively more expensive for overseas buyers. The impact of this demand for commodities has decreased. In afternoon trading, the price ended down slightly by 0.11 percent to 189.3 yen per kilogram. Analysts estimated Rubber futures prices on the next trade will move weak if the currency strengthening Yen occurs. But the rise in crude oil could be a price supporter sentiment.
  5. Tin prices on the Malaysian bourse fell on Friday trading (23/06). Decline in tin prices weighed down on Wall Street overnight stocks. Stock on US Exchange closed mixed in late Friday trading (23/06), with the health sector posting strong gains. The price of tin on Malaysian commodity exchanges was observed to weaken today. The price of the industrial metal is trading at 19,400 dollar per ton, down by 200 dollars or 1.0 percent from its previous close of 19,600. Analysts estimated that Tin future's price for the next session still have a potential to weakened limited if US Dollar is really strengthening by the current trend. The price will face support levels at 19,200 dollars and 19,000 dollars.
  6. The price of CPO in Malaysia's commodity exchanges on Friday afternoon trading (23/06) was weak. Decrease in CPO prices pressured by forecast of production increase. Production in Malaysia, the world's second largest producer after Indonesia, rose about 6.9% to 1.65 million tonnes in May from the previous month, according to the latest data from the Malaysian Palm Oil Board. The price of the most active contract CPO on the Malaysian commodity exchanges today seems to be weakening. The contract price in September 2017, which is the most active contract, weakened by 0.33 percent and traded at 2,439 ringgit per ton. Analysts expected that the estimation of the CPO futures price movement on the next session would be potentially weak with increasing production and falling prices of rival oil.
  7. Sugar futures price on ICE closed rebounding in late trading on Friday morning (23/06). The price of sugar has strengthened triggered buying action after the previous sugar price slump. The bargain hunting action occurred after the previous price fell to a fresh 16-month low at 12.94 cents in early trading. The market structure was depressed in the previous session, when prices collapsed under speculative sales pressure and wider commodity weakness. At the close of trading early this morning the price of sugar futures for the most active contract of October 2017 contracts observed rise. The most active sugar futures prices closed up by 0.03 cents, equivalent to 0.23 percent at 13.09 cents per pound. Analysts expect that the price of sugar futures for subsequent trades is potentially weak if a stronger dollar occurs. Crude sugar futures prices on ICE Futures New York potentially test the Support level at 12.50 cents and 12.00 cents.
  8. The price of arabica coffee futures on the ICE Futures New York commodities exchange at the close of trading on Friday (22/06) ended plummeting. The weaker Arabica coffee price was the weakest in 15 months, hampered by a decline in Brazilian real currency and favorable weather that supported the harvest. In overnight trading, the USDBRL currency pair rose 0.23 percent at 3.3409. Weak currencies in producer countries are likely to keep coffee prices low in the near term. The weakness of Arabica coffee prices is also due in part to dry weather in Brazil, which will speed up the harvest. The price of Arabica coffee futures for the most active contract in September 2017 closed down at 1.1650 dollars, down by -5.55 cents or equivalent to -4.55 percent. Analysts estimated that the movement of Coffee futures price in ICE Futures New York potentially weakening limited jilts of US dollar strengthening occurred. The price may test the Support level at 1.1350 dollars and 1.1050 dollars.
  9. Scalping is a pretty good strategy for newbie, so far i don't see any kind of logical fallacy with scalping. All you need to do is a good analytical skills and fast internet connection(i mean the low latency), because executions in scalping are matter of seconds. If you just miss for few seconds you may lose precious pips.
  10. Yes, i agree with that it is true that we as trader should not treat forex as the place to get "easy money" even i must admit to myself and others that making money in forex is faster way to make money but with the high risk it has. As for commiting ourselves that is the same with disciplining ourselves and our strategy.
  11. Obey the rules and discipline our trading actually helps a lot. I also agree with your statement about flexibility and discipline. As long as nothing wrong with our strategy why we should change ours? As long as we don't do any experimental strategy keep the discipline and make our trading better, it simple isn't it? Not that much hard thing to do.
  12. Demo contest is pretty good idea i also think that trader may gain more experience from it. But the more time you spend in demo account the more you get experience this is easy to get because just by use common sense. Demo contest give different exprience for us but test us to keep trade with the more effective way.
  13. I don't see any correlation with this so far, but according to me this fees is not a big obstacle since i see mostly the fees is in form of spread where it already included if you open a position so if you make profit nothing will be cut. and because of that reaching daily profit is actually possible but to stay like that would be so much hard.
  14. This is the problem with instaforex that they are not ready for this business. The server doesn't work well because they don't have any plan to upgrade it more in future. Scalping is limited? That is freaking bad, why a broker which i am sure used by thousand clients but cannot provide a stable server for scalping tactics?
  15. Well let me say that as soon as possible you mean by learning in the most effective and efficient way right? The most as soon as possible is 1 year. Well that is my own calculation based on my own experience and some other traders experience. I cannot deny there are some traders who can be successful less than that but that is rare and that is a prodigy. What i want to imply here is keep working/practicing/trading and reap what your efforts give to you.
  16. That is pretty much good idea but do you think that signals and Expert Advisor are different beast? How about i told if some cheap or free signals use forex robot as their own signals? Well there are some of them which use that way. Back to the topic, about the best forex signals usually i find from a reputable broker. They usually come up with a nice and good explanations but remember that they are human so mistakes could happen.
  17. I agree with you it is because trader demands it and because that is easy to use, there is Free historical data, and strategy tester it also offer demo account which is easy to set up and there are a lot of available indicators and expert advisor for us to use
  18. This is not a really gambling, people can treat Forex as gambling and that is fine but there is consequences behind that action. People who make Forex as gambling usually have bad career and easily ousted from the market because of their own foolishness. Risk management in Forex exist for one reason and we should learn how to use it properly.
  19. What age doesn't matter here because what you need is money here, i rarely see a trader which is below 17 years old. Usually it is around either 18 to 65 years old, Maybe because that age range is where the wealth accumulation is possible. Mostly traders trade when they have their own money to spend and usually ended up losing more.
  20. That is why we should take the bonus as long as that bonu doesn't contain any hidden rules. With the bonus we can extend our trading into the more profitable one and change our way to trade. But i think if the bonus is too small just take it as additional capital. Usually big broker offers bonus from deposit ranging from $1000 deposit -$10000 deposit.
  21. Trading is a game? Are you kidding me? If you treat trading as game, no wonder that sooner or later you will suffer bigger losses than you can ever imagine. It is not wise for us to treat forex as gambling or any kind of money game. One of the main reason why trader lose their money easily is because they think that forex is a game.
  22. What kind of approach you mean here? Elaborate please. Of course, we must relaxed enough or to be precise to be focused with our trading and what we have right now. Focusing is one of the main aspect which many newbies tend to forget, don't do anything beside trading, just like you said focusing all the energy and attention because analytical skills need it to be more complete.
  23. Gold prices rose for a second straight day in late trading Friday (23/06) as weaker sentiment in oil prices boosted safe-haven demand as gold, with a weaker US dollar and US Treasury yields also providing support. Spot gold prices rose 0.17 percent to $ 1,248.18 per ounce. Gold rose 0.3 percent in the previous session, the biggest intraday percentage change since June 6. U.S. Meanwhile, Gold futures prices For August delivery rose around $ 3.60, settling at $ 1,249.40. Analysts say the softer and biased US Dollar at risk following recent declines in crude oil to make gold turn higher in Asian hours on Thursday. Analysts expect gold prices to potentially rise if the weakening US dollar and crude oil continue. The price of gold is expected to move within the resistance range between $ 1,250- $ 1,252
  24. The basic is important for all not just forex but you are right about that, we should learn about the forex's basic in order to be more fluent. It is also a good foundation so we aren't easily shake by our own imagination. Forex needs efforts from us and not just ordinary one but it requires more and it will pay off if you able to realize it.
  25. It is to make a dreamer who think they can earn easily in forex, that forex is not that kind of business it is a risky business where your money could lost in matter of seconds. And that words not just for Forex but also for other high risk investment such as Stock or CFD. Forex promises bigger return but with the trade off which is bigger risk.
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