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myregister
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Everything posted by myregister
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Fixed or floating spread account?
myregister replied to boltushkin's topic in Forex General Discussion
Floating and Floating spread account, that is still my favourite account because based on the real market and not the one who made by so called "Market Maker". Fixed almost or all of it are an activity where the client is trading against the broker which is not good since we want to cooperate with broker to get the profit not to against them which means a win win condition. -
Well according to my knowledge so far, there are 2 ways to limit the risk first by ourselves or by use the system like STOP LOSS or TAKE PROFIT. If you want to avoid the risk, then don't trade at the very uncertain time, trade when the trend is clear and quite feasible to hold your own profit just like, 6-10 hours.
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Bonus is needed for newcomers even for so called "intermediate" traders who still struggling and have quite decent experience need it especially in huge number. Bonus in this case for trading is good since it will increase our chance more to hold the position better compared to the other traders who also trade the same amount of money.
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Just accept what you got but it doesn't mean you cannot make profit in the other days, for now maybe the profit you and me got is low like few cents but who know tomorrow, it could be worse or even way more than that. I think acceptance is a good thing to secure the profit before it is all too late, which some newcomers failed to understand.
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How Much Time we Spend in the Demo Account.
myregister replied to showrov1993's topic in Forex General Discussion
I don't see a correlation here but let me put my thought here that spending your time in demo account is really good, first you get experience and you can experimenting and satisfy your curiosity about one or two or three or even more strategies you want to know. Beside it also trains how you deal with some situations in the market. -
United States Dollar Fundamental Analysis(including USDX)
myregister replied to myregister's topic in Fundametal Analysis
Ending the forex trading late last week, the US dollar strengthened against several rivals in the European region but a strong hit by a save haven asset by market doubts would be tax reform and accelerating spending under President Donald Trump. Safe-haven assets in the forex market is the Japanese yen exchange rate managed to push the US dollar down to lows of more than 2 weeks. Sentiment above also makes the market skeptical of the Fed's plan to raise interest rates a planned three times in 2017. Previous US Treasury Secretary Steven Mnuchin interviewed one of the local media and for an increase in the US dollar showed kepercayaaan on the US economy. And for tax reform policy will be issued before August by not providing details about the policy. The dollar index which shows the strength of US dollar against many of its main rivals at the end of last week bullish forex trading at 101.14 and had reached highs at 101.14 and lows at 101.04. For the week the US dollar managed to score gains after the previous week dropped thin. -
The price of CPO on Monday afternoon (27/02) is keep moving down. The drop of CPO prices this afternoon triggered by a strong exchange rate of Ringgit against US Dollar. Observed the exchange rate of US dollar-ringgit fall down by 0.04% at 4.4423. Strengthening Ringgit makes the price of commodities traded in the currency is becoming relatively more expensive for overseas buyers so demand decreases. It seems that CPO price most active contract weakened. The contract price fell by 0.78 percent and traded at 2,784 ringgit per tonne. Analysts estimated CPO futures for the next session may fall down if the strengthening movement of Ringgit continues. Will also look at crude oil price movements which can affect CPO price hike today
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In late trading early Saturday (25/02), Coal futures ended weaker and depressed because crude oil prices declining. Crude oil prices fell in late trading weekend early Saturday (25/02) after suppressed by fears of rising US supplies and traders began pulling out barrels of crude oil from storage. With the weakening of crude oil prices, the price of coal Rotterdam most active futures contract is a contract in March 2017 seems fall down towards the support level at 79.85 dollars per ton. Analysts estimated that coal futures price movements for next session will potentially weak considering if the US dollar strengthening occurs. The price of coal futures potentially test support level at 79.35 dollars and next support at 78.85 dollars.
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Cocoa futures on ICE Futures trading late weekend early Saturday (25/02) was closed down. The weakening of the cocoa price is the lowest of 8.5 years, triggered oversupply in Ivory Coast. We have so many supplies from Ivory Coast where farmers in the country are having trouble finding buyers for their cocoa beans. More recently, a large number of local exporters reneged on a contract and now many cocoa beans are unemployed. These beans are rapidly deteriorating in quality, and some farmers refused to sell at the moment, so the prices are low. While the weak price environment today is largely the result of excess supply, demand is also problematic. Cocoa consumption has been disappointing over the last year. At the end of trading Cocoa futures contracts fall down. Commodity prices closed down by 1.58 percent at 1,994 dollars per ton. Analysts predicted that the price of cocoa futures to trade would potentially weaken further limited by the strengthening US dollar. For the next trading price of cocoa futures on ICE has the potential to penetrate the support level at 1,940 dollars.
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The price of tin rose on Monday (27/02). The increase of Tin's price driven by positive sentiment on Wall Street gains. US stocks ended higher on weekend trade early Saturday (25/02) supported optimism investors awaited a speech by President Donald Trump-related tax reform before the US Congress next week. For this month tin prices fell -3.5 percent. Weakening largely hampered by the strength of the US dollar and weakening metal prices in China. Analysts in this case estimated Tin futures price will weakening limited by the strengthening of US dollar. Price will face support between 19,200 dollars and 19,000 dollars.
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Gold prices hit a trading 3.5 months at the end of the weekend early Saturday (25/02) as the US dollar reached one-week low after the statement of the US treasury secretary. LLG Spot gold prices rose by 0.63 percent at $ 1,257.21 per ounce, after touching the highest since Nov. 11 at $ 1,258.45 earlier in the session. US gold futures prices rose $ 6.90 percent to $ 1,258.30. Finance Minister Steven Mnuchin said on Thursday that the government policy of US President Donald Trump would probably only a limited impact this year, although he would like to see tax reform in August. The comments indicate much work is still needed on a tax plan that Mnuchin touted as a top priority, and that investors expect will drive growth and inflation this year. This week the precious metal rose about 1.8 percent, largely supported by easing expectations of a US rate hike in March after minutes from the Federal Reserve's latest policy meeting less hawkish than expected. Gold holdings in the world's largest-backed ETF, New York's SPDR Gold Trust, has risen more than 5 percent this month on geopolitical risks. Analysts estimated that the price of gold could potentially stronger by weakening the US dollar at the weekend.
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Crude oil prices rose on Monday, with the optimism that the global oversupply began to subside, and with another forecast increase in US inventories was the smallest for several months. West Texas Intermediate rose 0.1 percent to $ 54.04 per barrel. While the price of crude oil of Brent rose 0.2 percent to $ 56.09 per barrel, oil prices fell on Friday after the US Energy Information Administration data showed US crude inventories rose for the seventh week in a row. But the market has been supported in a tight range of $ 4 to $ 5 in November, when the Organization of Petroleum Exporting Countries (OPEC) and other producers agreed to cut production. The International Energy Agency puts the average OPEC compliance at a record 90 percent in January, and based on the average of a Reuters survey of production, is in 88 percent. Money managers raised long positions in US crude oil net and preferred positions in the week to February 21, to a record high, according to data going back to 2009 levels at least, the Commodity Futures Trading Commission (CFTC), the US, said on Friday. Analysts estimated Crude Oil price for the next session may rise if production cuts continue to rise. Crude oil prices potentially move in the resistance range between $ 55.00- $ 56.00.
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The price of sugar futures on weekend early Saturday (25/02) ended weak triggered by a positive production supply. The price of sugar futures dropped after triggered by a positive supply situation. Shipments of sugar from Mexico, Guatemala, and El Salvador has been in line with expectations. One exception is Brazil where volume was slightly lower, but not enough to spark buying interest. At the close of trading early this morning the price of sugar futures for the most active contract observed decline. Sugar futures have closed sharply lower by 1.59 percent at 19.81 cents per pound. Analysts estimated that the price movements of raw sugar futures in New York at the next trade will weaken limited by the strengthening US dollar which triggered by bargain hunting. Prices of raw sugar futures on ICE Futures US has the potential to test support level at 19.30 cents and 18.80 cents.
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Natural Rubber Fundamental Daily Analysis
myregister replied to myregister's topic in Fundametal Analysis
Tocom rubber prices on Monday afternoon (27/02) closed up. Prices of natural rubber futures for the most active contract, namely August 2017 rose helped by a rising crude oil prices. Rubber price also supported by the rise of crude oil on Asia session. The increase of crude oil prices make synthetic rubber production cost becomes more expensive. The impact demand for commodities like natural rubber is traded on Tocom has increased significantly. Natural rubber futures price increased by 2.9 yen or 1.09 percent at 270 yen per kilogram Analysts predicted Rubber's price movement for the next session may still appreciate by the weaker yen and rising crude oil. For the next trading session price is expected to take the resistance position at 275.00 yen also for further resistance at 280.00 yen. -
The price of arabica coffee futures on ICE Futures exchange at the close of New York trading the weekend on Saturday morning (27/02) ends slump. The weakening of arabica coffee prices triggered a decrease in Brazilian Reals. When the Brazilian real weakened against the US dollar, prompting producers to sell to achieve higher returns for goods denominated in local currency. Arabica coffee futures prices for the most-active contract closed down towards 1.4625 dollars, down by 2.47 percent. Analysts estimated Arabica coffee futures on ICE for the next session will weaken limited by the strengthening of US Dollar. The price of Arabica coffee futures on ICE may test support level between 1.4300 dollars and 1.4000 dollars.
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Natural Rubber Fundamental Daily Analysis
myregister replied to myregister's topic in Fundametal Analysis
Natural rubber prices ended down. Tocom rubber prices triggered by the yen's rise. The increase of Yen exchange rate makes this commoditues becoming relatively more expensive for overseas buyers. The impact demand for these commodities declined. In afternoon trading, the price of rubber futures for the most active contract on the Tokyo commodity exchange is a contract in July 2017 ended lower by 3.4 percent to 279.8 yen per kilogram, down from its previous close at 289, 5 yen per kilogram. Analysts estimated Rubber futures price for the next session is potentially affected by the natural pressure of the strengthening Japanese yen. Price of Tocom rubber futures exchange will test the support level at 275.00 yen and 270.00 yen. -
Australian Dollar Fundamental Analysis.
myregister replied to myregister's topic in Fundametal Analysis
Aussie trade against many rivals experienced intense pressure after the Office for National Statistics reported capex Australia state enterprises are still far below expectations indicates contraction. Similarly to the US dollar in the AUDUSD which retreat after a strong rebound earlier trading. AUDUSD dropped enough in the morning because of the extra pressure drop in copper prices in international commodity markets with regard to positive sentiment from a rebound in crude oil prices. Frustration market to report capex last quarter was due to give a burden to the Australian central bank to determine monetary policy next. This is a bad data is the obstacle RBA after the release of disappointing inflation. For the next trade, seems to be the strength of crude oil prices and commodity prices will correct an excellent pair AUDUSD trade routes. especially in the American session the US dollar is expected tonight will be pressured again by sentiment data release. -
US crude oil price rose nearly 1 percent on Thursday after a data released by an industry group showed a surprise fall in US crude inventories as imports fell, lending support to the view that the global glut ends. US crude futures April contract West Texas Intermediate rose 49 cents, or 0.91 percent, to $ 54.08 per barrel. Brent crude futures rose 49 cents, or 0.88 percent, to $ 56.33 per barrel. Crude inventories fell 884,000 barrels in the week to 17 February to 512.7 million, compared with analyst expectations for a gain of 3.5 million barrels, data from industry group American Petroleum Institute showed on Wednesday. Tonight will be released official data from the Department of Energy Information Administration (EIA), the US is expected to decline. Analysts estimated crude oil prices for the next trade will rise with the report showed a decline in weekly US crude inventories. Likewise, if tonight EIA data showed a decrease in weekly inventories, will strengthen crude oil. The price potentially move in between resistance range of $ 54.50- $ 55.00.
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The price of tin in Malaysia Stock Exchange fell on Thursday (23/02). A weaker tin prices triggered by afears of a US interest rate hike after minutes of the Fed meeting. Minutes of the meeting released Wednesday (22/02) showed that the US Federal Reserve officials spent their meeting three weeks ago is also related to the changes brought by the new administration in the White House, and concludes with a strong indication that a rate hike is expected to happen soon. The price of tin on the commodity exchanges observed a weakening today. The industrial metals prices traded at 19,300 dollars per ton, down about $ 450 dollars or 2.3 percent from its previous close at 19,750. Many analysts for now estimated the Tin's price movement for the next session will weaken limited by the strengthening US dollar. Price will face the support level between 19,100 dollars and 18,900 dollars.
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The price of sugar futures on ICE Futures US in New York this early Thursday ended down when triggered by a decrease in global production deficit. International Sugar Organization on Tuesday lowered its forecast global sugar deficit for the 2016-17 season to 5.869 million tons, from the previous estimate of 6.19 million tonnes. At the close of trading early this morning the price of sugar futures for the most active contract is a contract in May 2017 observed decline. The price of sugar futures seems dipped by -0.29 percent at 20.68 cents per pound. Analysts estimated Raw Sugar Futures on ICE for next session will weaken limited by the strengthening US dollar which triggered bargain hunting. Prices of raw sugar futures on ICE Futures US in New York has the potential to test the support level at 20.20 cents and 19.70 cents.
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Arabica coffee prices slumped in late trading Thursday morning (23/02), triggered by favorable weather conditions in the area that encourage the production of Brazilian arabica. Arabica area in Brazil has seen better rainfall and expected good production, but São Paulo has been very dry and the government move to allow imports of Robusta to cover domestic demand. Some favorable rains are expected to dry areas, but the damage had been done. Arabica coffee futures prices at the close of trading early this morning weakened. Arabica coffee futures prices in May 2017 fell by 0.95 dollars or equivalent to 0.63 percent and closed at 1.5090 dollars per pound. Analysts estimated that Arabica Coffee price futures for the next trading session may potentially weak since US dollar strengthening. The price of Arabica coffee futures on ICE Futures US in New York the potential to test the support level at 1.4800 dollars and 1.4500 dollars.
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United States Dollar Fundamental Analysis(including USDX)
myregister replied to myregister's topic in Fundametal Analysis
In the middle of EU session, the condition of US dollar had strengthened on early Asia session after receiving bad sentiment and depressed FOMC minutes were disappointing report consolidation moves forward selling pressure earlier trading. As reported this morning that the first minutes of the FOMC meeting this year did not mention the exact time for the next rate hike and more confirms the policy of US President Trump push up interest rates more quickly. The paper did not give a positive signal to be raised in March. The movement of the US dollar next to the evening sessions can be more difficult if the release of jobless claims data last week showed that the period of disappointing data, as well as monthly HPI index that can make selling pressure continues. The dollar index which shows the strength of US dollar against many major rivals amid consolidation on EU session at around 101.35. -
Gold price movements in the end of the Asia session are still in a weak position after the price opened higher at 1237.55 earlier, and now XAUUSD rolling down at 1236.75. It seems that the price of Gold is generally falling down towards the range around 1233.90, but if it is failed then there will be a positive correction of the price where it will rise back towards the previous highs at 1240.89. Throughout this day it seems that Gold normal range for today is expected to have the support level at 1222.38 and resistance level at 1248.08.
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The price of CPO in Malaysia commodity exchanges Thursday afternoon is sluggish. The drop on CPO prices this afternoon triggered by a strong exchange rate of Ringgit against US Dollar. CPO price most active contract on the commodity exchanges Malaysia today seems weakened. The contract price in May 2017 which is the most active contract fell by 1.4 percent and traded at 2,770 ringgit per tonne following the strengthening position of Rinngi. Analysts estimated CPO futures for next session may decline if the strengthening of the ringgit continues. Will also look at crude oil price movements which can affect CPO price today. CPO futures contract prices has the potential to test the support level at 2,720 ringgit and 2,670 ringgit.
- 112 replies
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At the end of trading on Thursday morning (23/02), Coal prices depressed and ended weaker because crude oil prices declining. With the weakening of crude oil prices, the price of coal Rotterdam most active futures contract is a contract in April 2017 slump towards 76.90 dollars per ton. Commodity prices decreased by 0.58 percent Tonight will be released weekly crude inventory data by the US EIA, which is indicated to decrease. If realized decreases, will strengthen the price of crude oil and make the price of Coal futures weakening further. Analysts estimated that coal futures price movements Rotterdam at the next trade is projected to rise with the increase of crude oil prices. The price of coal futures could potentially test the resistance level at 77.40 dollars and 77.90 dollars.
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