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myregister
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Everything posted by myregister
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I Think Forex is Just Gambling , Do you?
myregister replied to kiranchandra's topic in Forex General Discussion
Nice comment, yeah i do agree with you that many people confusing forex and gambling even well yeah in fact it has similar properties which make people think like that combined with their own bad experience with some buckesthop broker which partially is their own fault which they don't want to recognize. -
Which indicator you use and why?
myregister replied to Anne Morris's topic in Forex General Discussion
If what you means as technical indicators then it is depend to who use that indicators, but in big and decentralized market i am surely will stick to fundamental analysis as my main indicators, it is accurate enough(well not 100%) to cover most of my losses because my lack of discipline. Well technical is good too but it is good as minor indicator or as complementary to my fundamental indicator. -
You can say bucketshop is worst of the worst, and almost of them are dealing desk broker. One thing which makes them totally different than other is that it doesn't regulated by strict regulators, which make them easily to do that kind of manipulation against their own clients especially the one who after bigger profits.
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Natural Rubber Fundamental Daily Analysis
myregister replied to myregister's topic in Fundametal Analysis
The price of rubber moved lower in late trading today, in line with the weakening of crude oil and the strengthening of Yen itself, while Rubber's price for delivery in April 2018, the most active contract on the Tokyo Commodity Exchange (Tocom), fell around 0.1% or 0.20 points towards around 195.50 yen per kilogram (kg). Previously, rubber prices opened stagnant after trading last weekend, Friday (24/11), closed up 2.30% or 4.40 points to 195.70 yen per kg. According to analysts, the strengthening of the yen and the weakening of crude oil prices became a pressure sentiment on the rubber market. China's rubber inventory monitored through the Shanghai Futures Exchange slumped about 37% to 322,408 tonnes per week, down from its highest level since 2003. Supporting the rubber, the yen today rose 0.13% or 0.14 points to 111, 39 per US dollar. -
U.S. crude oil prices surged to a two-year high at the end of Friday's trade as the North American market strengthened on partial closure of the Keystone pipeline linking Canada's oilfield with the United States. Analysts said that the surge in moves came after a Bloomberg report said that OPEC and Russia have outlined the framework of the deal. However, details remain unclear and the report says there is no final agreement yet. The market also tightened globally due to production decline since January by the Organization of Petroleum Exporting Countries, Russia, and several other manufacturers. OPEC met on Nov. 30 and is expected to extend production cuts beyond the March deadline, though Russia has sent mixed signals about its support for an extension. Rising U.S. oil production has also pressured crude prices to rise. U.S. Production soaring 15 percent since mid-2016 to a record 9.66 million bpd, thanks largely to shale drilling. Analysts expect crude oil prices this week to potentially rise with bullish sentiment in production disruptions in the Canadian-US pipeline, as well as expectations of extending the OPEC and Russia's production restrictions. The price is expected to move within the resistance range between $ 59.50 - $ 60.40.
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Australian Dollar Fundamental Analysis.
myregister replied to myregister's topic in Fundametal Analysis
The Australian dollar showed gains against US Dollar entering the European session Monday this afternoon, amid fragile sentiment against the US Dollar grip on market concerns about a slowdown in US inflation. The Australian dollar gained support after comments from RBA Governor Philip Lowe on November 23 at a dinner with Australian businessmen and economists, who expressed expectations of RBA interest rates likely to rise rather than fall. Rising interest rates tend to strengthen the exchange rate of a currency, because it means it will attract investors to a higher return in the country. However, responding to Lowe's statement, Lien said that the central bank's governor did not say clearly whether he expected a rate hike in the near future. It is expected that the upcoming AUDUSD will strengthen but considering there is Yellen's and other bank governor's specch this week it looks like after this there will be a slowdown with a fixed trend for this pair to keep rising past the 0.76502 level limit. -
Gold prices slipped again last weekend, although the main futures exchanges in the United States are closed for Thanksgiving holidays, though after closing down to around $ 1288 in late Friday trading, Gold Spot of XAU/USD Monday this morning (27 / November) to $ 1289.66 per ounce. Market concerns remain focused on US central bank plans to raise interest rates in December, while diplomatic tensions between Turkey and the US continue to deteriorate. Janet Yellen, chairman of the incumbent Federal Reserve, has tended to make cautious comments in recent times. Her speeches, including those to be delivered in the coming days ahead of the US Parliament, are not expected to affect much of the US dollar. In addition, this week Republican representatives in the US Senate will seek to pass the Tax Reform plan, amid divisions within the party's own body and fierce opposition with representatives of the Democratic party. If successfully launched, the Tax Reform is expected to short-term flow of economic growth and boost inflation.
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Sterling rallied on Monday after posting its biggest weekly gain in more than a month as investors raised concerns about the outcome of the Brexit talks next month in connection with the political crisis in Ireland. The deal on the Northern Ireland border which means a key demand by EU policymakers has suddenly become more complicated because the Dublin government appears to be falling. Irish Prime Minister Leo Varadkar, who has warned of a veto without Britain on the border issue, and is likely to hold an accelerated election next week, has also become a new issue in the market. After that, Sterling seems to hit a two-month high at $ 1.3360 on Friday and was on track to post its first monthly rise in three months. As on Monday, the price of flats against US Dollar at $ 1.3344. The flat sterling exchange rate against the Japanese yen was at 148.57 yen.
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Euro appeared to be perched at a two-month high against US Dollar and strengthened against other major currencies early in the trading session this Monday thanks to steady German Business Confidence data late last week. The economic report has eased fears of political instability in the continent's largest economy. Nevertheless, the strengthening of the Euro looks unsustainable and began to slop. EUR/USD is trading at 1.1927, down from a peak at 1.1946 reached late last week. EUR/USD has raised 3.2% gain since the beginning of this month, at which time the pair dipped to a low of 1.1553. German Ifo Business Belief Data last week was accompanied by positive developments from German politics. After failing to form a three-way coalition with FDP and Greens, Chancellor Angela Merkel gets an offer to open a coalition with the SDP party. This is considered a distinct relief over German political uncertainty. On the other hand, although this morning the US market is still close, the market focus that could drive US Dollar this week is the development of Trump's tax reform. In addition, tomorrow the market will also observe a speech by New Fed Chairman Jerome Powell in Congressional Hearing.
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I wonder where people can learn how to leave greed. Of course there are a lot of materials out there which talking about controlling emotions and so on. But leaving greed is impossible, greed actually is the part of us, all we can do is to tame and control it.
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Is it easy to do scalping during night?
myregister replied to Anne Morris's topic in Forex General Discussion
That including scalping too, it is all based on how good we are when we execute the scalping plan strategy. Scalping is not just every night but also could be every dawn, or every morning and so on, the condition must be the market still volatile but have enough range to close the position. -
Is discipline the most important thing?
myregister replied to Anne Morris's topic in Forex General Discussion
Nope i got you right, it seems i need to put more emoji so people know what i feel , but back to the topic discipline without doubt is one of the most important aspect for all traders around the world, become a disciplined trader is not easy and it may take few years to be done and will lift our career to the new whole level. -
Without knowledge you can learn how to trade by keep trading but i won't guarantee that would be a pleasant training because you can easily lose and have higher chance to quit the market. So keep practicing in demo account and trade for money in real account, and this demo vs real account is easily ended. Both are important.
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Like i said before, bitcoin is commodity no matter what. It will stay like that considering that a lot of people treated it as some kind of place to do tax evasion and also its limited supply make it like a gold. One thing which worry me is higher difficulty means the power will be concentrated in the hands of few. Not centralized but more like Oligarch.
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Coinmarketcap - Coinmarketcap.com
myregister replied to Moderator's topic in Cryptocurrency General Discussion
Yes a very good place to know what kind of currency we want to see. The growth and also the current price, but i hope that they could lower the refresh rate to 1 minutes or if that is possible towards 30 seconds. It would be good for people who want to fast pace trading and also one thing that i like is that you don't have to login to get all the data you want- 9 replies
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- exchange rate
- Cryptocurrecy value
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A good money managment system can give you success
myregister replied to Levie's topic in Forex Newbies
Experience and experience is what you need, if you want to master something including this manage the risk/money then you must practice and depend on knowledge alone won't make you superior or better. Remember practice makes perfect but i prefer to say practice makes you better than before. A good management will help you to cover losses, or to sustain your account for a very very long period. -
For faster result i prefer fxstreet which has just few seconds difference, usually up to 15 seconds, or on average around 5 to 7 seconds. It is pretty fast and i depend on it a lot even the news is either low and medium compared to high impact news on Fxfactory or dailyfx.com . Sometimes investing is good as additional reference.
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Unrealistic/irrational expectations from traders
myregister replied to analyst75's topic in Forex Newbies
This is what lead them to unrealistic expectations if they cannot control their emotion. Based from that i can see there are 2 scenarios which could happen: 1st, overconfidence that they will gain big profit in relatively short time, 2nd is they are too much afraid to take the risk which resulted an underperformance account. -
If you have big enough capital to cover your lose like 50 times consecutive losses that is fine. All is depend but yeah that is your own opinion. To me a newbie who want to earn $1000 daily is unrealistic, but if you are experienced enough and have capital to cover your losses like i said before, then it is not really bad idea.
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I don't know how much rate is (or if forget to know about that). Candlestick is pretty good stuff, i in few times use it as an indicator that i should take a position right now or wait for a few minutes. Overall a good formations could give us further details of how the market would transform next.
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Because the difficulty increased. Because a lot of people can do better with better equipment(ASIC) and the developer just trying to make it more fair with that even the unintended effect from that is out of the expectations and as you can see only big miner and collaborative miners who could make BTC.
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Yes the broker man, who do you think which will scam you if not the broker. Binary is a good concept choose rise or fall. More like forex isn't it? You decide to buy and sell at certain time and speculate also hope that the market will rise or down depend on your decision to buy or to sell. Simple, also it has its own time range which you can choose depending on you liking or your analysis.
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Lower leverage means more capital to spend so you can afford bigger lot size bigger leverage means lower capital, sound good, right?. Yes but not at all. Too much leverage affect your way to trade and also it will give more chance for newbie to make mistake. My advice to find goldilocks range for this leverage, and i propose around 1:50 up to 1:400.
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- leverage in forex trading
- Is lower leverage good
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Tickmill? What is the correlation between broker and that? But you must know leverage that helps a lot of newbie to start trade, if you don't have leverage you need to spend big amount of money for trading. And that is the disadvantage for most of newbies because they lack of funds
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I don't know if you ever read the news from CNBC or Reuters but for me the result have just sligthly different seconds. Usually around 2-5 seconds difference. I feel by looking at the news calendar it would be better since they just give me the number and i can analyze the market based on that result, simple but worthy.