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myregister

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  1. myregister
    Anyone who interested in forex is allowed to trade and as long as you have money to make a deposit or will to collect bonus through a site which offers bonus. By learning how to trade and how to do everything correctly in forex, you also have chance to make profit, but forex is not for everyone too i mean not for someone who want to treat it as gambling because they will suffer with it.
  2. myregister
    Yes before plunging yourself into this business and it means real account you should spend like 6 months on demo account and familiarize yourself with how the market react and how to manage the risk and so on. Basically that is an introduction phase to let you know what kind of strategy and tools you should use for your own future.
  3. myregister
    That's right, it is not the matter what kind of long or short term strategy we use, all back to the trader's hand to choose and to be effectively utilize those strategies. Long term traders tend to have bigger profit because they tend to hold a position even that is positive floating one as long as possible usually weekly or even monthly.
  4. myregister
    It is all about matter of chance and how good that people to utilize the chance or how good someone to follow the current trend without leaving his/herself behind. Someone who trade without emotions involved also one of the type who can make profit. I don't know how to tell this one but this feel so random to me since some good traders still lose their money for a certain period of time.
  5. myregister
    So what is wrong with put that all $3000 on Forex? We talk about forex here, nothing wrong with that according to me. Forex also relatively good investment especially if you considering active investment where you are the one who make money, or you can try pamm investment since most pamm accounts have reasonable remuneration even forex is risky business.
  6. myregister
    Mentoring or not someone will see something different with them when they start to trade also by comparing the previous result to the current result will show more what we lack of. But mentoring has its own difference such as more targetted result compared to learning alone by yourself, i mean the track is clear when you trade with someone become your mentor.
  7. myregister
    But that is automatic i mean that you lack of control there, i know machine learning will getting better as the times goes on but it doesn't change the fact that the automation is exist where you will lost the control of your trading where you will be replaced by artificial intelligence. So you must think carefully when you choose this option since the risk is bigger.
  8. myregister
    Yep, i find regulation is one of the list that trader should take a look when they want to choose what kind of broker that they want. it is not easy to choose the broker you want but with know who is the regulator of your broker you at least have the foundation of what is the strict broker for you and it will increase your chance to find the reliable broker.
  9. myregister
    That broker either pseudo broker or small broker which doesn't have much funds to start the business as broker. When somebody want to start the business they must know that it takes lots of money to be a broker, from support and to the availability of server must be reconsidered first.
  10. myregister
    In the middle of European trading session on Thursday (22/6) regional stock market is still in the red zone by the sentiment of crude oil price decline. Falling stock markets since Asia session gave a positive sentiment for Yen's exchange rate to safe-haven currencies at a time when trading assets were at risk of being ignored. The movement of USDJPY on European session moved negatively after opened lower than previous trading at 111.35 on early Asian trading session, USDJPY is now at 111.03 after having reached the highest position at 111.42. For further, and according to fundamental analysis that USDJPY will potentially move bearish if the fundamental position of US dollar weakened by falling US government bond yields are also overshadowed by the release of unemployment claims data.
  11. myregister
    The movement of AUDUSD on European session this Thursday (21/6) has been negative since the European session which opened by the position of crude oil price that corrected again after a hefty Asian session that picked up the pair. Aussie remains depressed by the sentiment above despite the fact that the US dollar is also under pressure. The falling position of global crude oil prices jeopardizes the inflation rate of the United States, giving the Fed the burden of resuming the next rate hike in 2017. The movement of Australian Dollar was weak against US dollar, after opened stronger at 0.7552 on early Asian trading session. Aussie exchange rate now rolled up at 0.7546. For further technical movement pair, AUDUSD still get weak signal for rebound even though US dollar potentially move weak until American session. The falling position of crude oil prices provided a strong load until the end of the session.
  12. myregister
    Crude oil prices rose in Asian trading this Thursday for the first time in three days after crude and U.S. fuel oil supplies down, but investors are looking for more signs that production cuts by OPEC and some other producers could end a glut for three years. U.S. crude futures prices rose by around 0.07 percent, to $ 42.56 a barrel. On Wednesday, WTI ended at $ 42.53, having touched its lowest intraday level since August 2016. Brent crude futures 0.02 per cent higher, at $ 44.83 a barrel, after falling 2.6 per cent in the previous session. Since peaking in late February, crude oil has fallen by about 20 percent, with only a brief rise, completely erasing an increase by the end of the year after OPEC-led production cuts. Analysts expect crude oil prices to rise with bargain hunting and sentiment for a weekly drop in US supply. But fears of an increase in global production are still a bearish sentiment. Crude oil is expected to move within the resistance range between $ 43.10- $ 43.60.
  13. myregister
    The price of Cocoa futures on ICE futures (22/06) closed down. The decline of Cocoa price caused by the depressed expectation of increased crops in Ivory Coast. Dealers said the market was back on the defensive after a short-covering rally was exhausted earlier this week with news said that Ghana's main crop has climbed to a six-year high, adding to fears about oversupply this season. At the end of trading early this morning, cocoa futures contract for July 2017 which is the most active contract monitored closed with a decline. This commodity price actually closed down by 65 dollars or 3.39 percent at 1.853 dollars per ton. Analysts expect that the price of cocoa futures for future trading could 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 1,900 dollars.
  14. myregister
    The price of arabica coffee futures on ICE Futures New York commodities exchange at the close of trading on Thursday (22/06) ended weaker than expected. The weakening of arabica coffee prices is hampered by the decline of Real Brazilian currency. In yesterday's trade, USDBRL rose by around 0.24% at 3.3331. Weak currencies in producer countries are likely to keep coffee prices low in the near term. The price of arabica coffee futures closed down at 1.2205 dollars, down by 2.55 cents . Analysts expect that the movement of arabica coffee futures prices on ICE Futures New York in next trading potentially strengthen limited if the weakening of US Dollar continues. The price of arabica coffee futures has the potential to test the resistance level at 1.2500 dollars and 1.2800 dollars.
  15. myregister
    Tocom rubber price on Thursday afternoon trading session (22/06) ended up. The price of natural rubber futures for the most active contract of November 2017 strengthened helped by the bargain hunting effort. The bargain hunting action came after Tocom's rubber price tumbled about 2 percent in yesterday's trade as crude oil slumped. The price of natural rubber at Tocom for the most active contract ended up 3.2 yen or 1.7 percent at 189.50 yen per kilogram, up from its previous close of 186.30 yen kilogram. Analysts expect that Tocom's rubber price movements in subsequent trades will still have the potential to strengthen if the bargain hunting action continues. However, it should be noted that the movement of the yen is strengthened and the potential for crude oil weakening. For the next trading session the price is expected to meet resistance level at 194.50 yen.
  16. myregister
    Sugar futures price is about to closed bearish on ICE Futures New York yesterday morning (22/06). Commodity prices are weakened by the weakening of crude oil prices. Traders anticipate that lower oil prices will trigger sugarcane producers to prefer converting sugarcane to sugar than ethanol, resulting in increased sugar production and further pressing sugar prices. At the close of trading early this morning the price of sugar futures for the most active contract is an October 2017 contract is observed down. The most active sugar futures prices closed down by 0.56 cents, equivalent to 4.05 percent at 13.26 cents per pound. Analysts expect that the price of sugar futures for further trade session could potentially decline if the crude oil price weakening continues. But if the weakening US dollar continues to support the price. The price of sugar futures could potentially test the Support level at 12.80 cents and 12.30 cents.
  17. myregister
    Tin prices on Malaysian bourse rose in trading Thursday (22/06). The rise of tin prices supported by the weakening US dollar overnight. Dollar retreated from a one-month high hit by falling crude oil prices and a surge in the pound after Bank of England policymakers said it would carry out a rate hike this year. Tin prices on Malaysian commodity exchanges are on the rise today. The price of the industrial metal traded at 19,600 dollars per ton, rising by around 50 dollars or about 0.3 percent from its previous close of 19,550. Analysts expect that the movement of Malaysian tin prices in subsequent trades may potentially strengthen limited if the weakening US dollar continues. The price will face resistance level at 19,800 dollars and 20,000 dollars.
  18. myregister
    CPO price on Thursday afternoon trading (22/06) moved weak. CPO prices fell in third consecutive days by decline to a one-week low, hampered by bearish sentiment on slowing demand and a drop in soybean oil on the Dalian stock exchange. Traders said this month's production may rise and exports are not that good, and predict export numbers from cargo surveyors will decline further after Eid celebrations end next week. Generally a decline in palm oil exports after the month of Ramadan, because purchasers of inventory a month before the celebration begins. 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 12 ringgit and traded at 2,430 ringgit per ton. Analysts expect that futures price movements of CPO for future trade session are potentially weak with weak demand and falling rival oil prices. The price of CPO could potentially test the Support level at 2,380 ringgit and 2,330 ringgit.
  19. myregister
    So this is all about emotions, i mean you don't have full control because your emotions, right? Well this is not easy thing to solve. There is no actual approach where trader can reduce this in relatively quicker period. I only suggest to keep trading and make a decision not based on emotions but based on the fact and the indicators.
  20. myregister
    Sure they must practice and in demo account they must for the sake of lowering much risk. About the consistency i think it is the matter of time and discipline. By keep trading over and over again somebody will able to make a consistent profit, nothing to be afraid if we still cannot do that as long as we keep doing it then it will change.
  21. myregister
    I think that before you able to program that forex robot you still have chance to start the trading and if you cannot do that the best way is stop your EA for a while then manually set SL and TP by yourself. I must admit that use SL and TP on so called manual trading means your trading is not really automatic because that means the end of your trading is automatic.
  22. myregister

    Forex AI

    myregister replied to Aikhen's topic in Forex Newbies

    AI is pretty good too nowadays and it becomes a hot topic, but i don't see that they are used widely in foreign exchange except for some big banks that want more accurate automations to they don't have to intervene a lot. But Forex AI so far is still expensive and it is result also various to each people / company who tried it.
  23. myregister
    Rapid success is also possible but of course with bigger risk. I think like this: satisfy for a while, and keep hunger later. What i mean that don't stop to increase your capacity as trader, but know the right time to stop when you reach certain "checkpoint" in your career as foreign exchange trader will help you to avoid any unecessary risks.
  24. myregister
    Better than real account by somebody's perspective, somebody others will say that real account is practically better for us rather than demo account. Well, in real account you cannot make a better analysis if you aren't experienced enough but if there you will learn about something important which is how to trade in real environment.
  25. myregister
    Sure that is impossible thing to do, many traders tried but failed because they failed to realize that the essential of foreign exchange itself is RISK. I prefer to trade with risk which means that i will get my big profit. Yes, fx still lucrative enough for us and we still able to lower the risk.
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