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myregister

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  1. myregister
    Yes, consistency when earn money or pips or profit in foreign exchange could be achieved through practicing in demo account or in real account. Combined with our willingness to keep learning i am sure that we will able to change ourselves to a better traders. You also much count in the risk with that practicing so i think spend more in demo is better at first.
  2. myregister
    Sure they would be improving much faster compared to someone who don't have any teacher or mentor, even someone who talented enough will having hard time to match the progress of someone who has teacher to teach and guide him. But that is not really necessary in my life, mentoring is good but not something you should have if you want to make profit in forex.
  3. myregister
    Loss is the part of trading and yes i agree with it so this is why we should accept not enjoy the loss. Accept and Learn from it to make sure you never repeated the same thing over and over again. Based on my own opinion, since the profit is part of trading the statement of thread starter here is right, not everyone can earn profit. Only some and it is not every day / time too.
  4. myregister
    That is why i said that is as an addiction and in foreign exchange addiction to this business means that you have a bad attitude. But you must to know that people who suffer the addiction through foreign exchange usually don't know or don't realized that they have something like that in mind. To cure or to lessening the impact then they need our help.
  5. myregister
    I think radex78 this is the responsibility of the trader itself, because it is not the problem for foreign exchange since they are out of the control for this phase. I see that everyone has their own standard of what it called as a good broker. Back to the topic, i see broker can earn money through spread which is common thing and maybe the biggest income of broker, or by rent their own technology to the big players.
  6. myregister
    Mentoring is pretty much necessary considering that you will get a lot of money if your teacher is good enough to teach you, my problem is that i don't know personally or never meet anyone which is pretty much good to be said as teacher, some are good but not for teaching. Also from what i see in internet the fees for this kind of teaching is out of my reach.
  7. myregister
    Sure no one cannot earn profit everyday, just to make sure that even someone can do that they will fall one day so far i see from news if i don't make any mistake, only 22 days at most he got profit. As for retail traders i think making 2-3 loss from 8-10 trading is more than enough since my target is 100 pips at least per month.
  8. myregister
    It will make us but not really make us addicted, if by that logic we are already addicted to foreign exchange then we surely addicted to the other kind of job. Someone who addicted to coding , or addicted from sports and so on. For me addiction is not like that it should be something specific that really destroy your daily life, for example you suicide when you suffer huge loss.
  9. myregister
    Enter the forex market on Asia session today USD dollar recovered after two days experienced selling pressure because of the attitude of Federal Reserve which decide not to rise the rate this year. Technically, the dollar rebounded against all of its main rivals with momentum is limited due to the lack of strong fundamental data. Previous trading the dollar was battered though positive sentiment tried to defend the pace of the global main currency value. Where the positive sentiment came from the US jobless claims data last week were down quite a lot from the previous period and the expectations for a rise. Today's trading it seems that US dollar is still overshadowed by the announcement of Fed's monetary policy and the subsequent possibility to stay the last meeting in December, the article for the month of October and November is the momentum of the country's presidential election. The dollar index, which measures the strength of US dollar against six major currencies is trading stronger and still moving like that even after in Asia session opened lower at 95.36 and is now moving to around 95.52. In the overnight US session the dollar had touched 95.52.
  10. myregister
    Pound exchange rate movements on Asian session (04:40:35 GMT / 11:40 GMT) is negative against US dollar even after opening higher at 1.3076 in early trading (0000 GMT), the exchange rate pound fell 23 pips and rolling values ​​are at 1.3042. Pound is moving in Asian session after weakened by profit taking because the market managed to rally strongly over two consecutive days by a weaker US dollar. Throughout the day there was no economic data as the fundamental driving force is strong, so it is more influenced by the sentiment of rivals including the US dollar. Fundamentally GBPUSD will go up to the range of 1.3093-1.3130. But if the support breaks then the pair further down to below 1.2980. So normal range of GBPUSD pair is estimated to have the support level at 1.2923 and the resistance level at 1.3212.
  11. myregister
    The price of arabica coffee futures on ICE Futures exchange at the close of New York trading Friday morning (18/08) ended down. The weakening of arabica coffee prices triggered a decrease in Brazilian Reals. In yesterday's trading, USDBRL rose 0.37 percent at 3.2186. Weak currencies in producing countries tend to make coffee prices remain low in the near future. 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 in December 2016 in the position of 1.5525 dollars, down by -1.30 cents or equal to -0.83 percent. Price movements of Arabica coffee futures potentially strengthened by the weakening of US dollar after the Fed's decision to hold interest rates the US. Price has the potential to test the resistance level at 1.5800 and the support level at 1.4900 dollars.
  12. myregister
    Tin's futures price in Malaysia Stock Exchange rose on Friday noon (09/23). Tin price increases triggered by the Fed's decision to maintain interest rates fixed. US Federal Reserve kept interest rates unchanged at Thursday's meeting this morning (22/09) but give a strong signal to the tightening of monetary policy by the end of this year as the labor market improves further. The Fed's decision bolstering sentiment in the US dollar will be in a weaker position. The increase was also driven by the strengthening of tin in LME overnight pushed the Fed's decision to keep interest rates fixed. The price of tin on the commodity exchanges of Malaysia observed a rise today and has limited potential to strengthen against US dollar since it is as the postpone of US rate hike. Price will face the resistance level at 19,650 and support level which trader must face is at 19 250 dollars and 19 050 dollars.
  13. myregister
    Gold prices edged higher in late morning trade on Friday, after the US Federal Reserve kept interest rates unchanged, but the signals hwakish rise in December withstand further price increases. Spot gold prices edged up 0.04 percent at $ 1,337.11 per ounce, while US gold futures prices also edged up 0.07 percent to $ 1,340.90 per ounce. Yellen said she hoped a rate increase this year if the labor market continues to increase and new risks are not raised. After that Gold greatly impact related to rising interest rates, especially in the United States, such as higher interest rates lift the opportunity cost of holding non-productive assets and enhance the US dollar. Analyst estimates that the price of gold could potentially weakening with fears rising interest rates rose in December, but if US dollar weakness continue to lift prices. The price of gold is estimated in the range of $ 1,335- $ 1.333 and the price may rise to the resistance range of $ 1,339- $ 1.341.
  14. myregister
    The price of CPO in Malaysia commodity exchanges in trading Friday (9/23) was observed to fall. A weaker CPO prices this afternoon triggered weakening of crude oil in the Asian trading session. Crude oil prices declined in Asian trade on Friday (09/23), depressed profit taking following a strong two previous sessions and caution ahead of the OPEC ministers meeting in Algeria next week to discuss the possibility of production cooperation. The decline in crude oil prices to trigger negative sentiment that makes the price of CPO in the downward trend. The weakening in crude oil prices make alternative fuels such as those made of CPO declined his request. CPO price most active contract on the commodity exchanges Malaysia today seems weakening by -25 or -0.9 percent and traded at 2,700 ringgit per tonne. Analyst estimates that the price movement of CPO futures at the next trade will pay attention to the movement of crude oil prices, which if it continues to weaken will push the price of CPO. CPO futures contract prices has the potential to test the support level at 2,650 ringgit. While the resistance level which will be tested if the price rise is at 2,750 ringgit and 2,800 ringgit.
  15. myregister
    At the end of trading Friday morning (23/09), Rotterdam coal prices ended down ignore the rising crude oil prices. Coal prices have dropped hampered by profit-taking. Rotterdam Coal prices continue to contract in December 2016 increased in three consecutive trading sessions, written off over 3 percent surge, so it is used by investors to profit taking. Rotterdam coal price futures for the most active contract is a contract in December 2016 dropped in position 64.00 dollars per ton. Commodity prices decreased by -0.30 dollars, equivalent to -0.47 percent compared to the previous closing. Analyst estimates that coal futures price movements Rotterdam at the next trade is projected to rise considering the dollar weakness with the Fed's decision to keep interest rates. It seems that the price of coal futures would be potentially test the resistance level at 64.50 dollars and the next reesistance level at 65.00 dollars. While the level of support that will be tested if prices is decline is at 63.50 dollars and 63.00 dollars only after the first support broken.
  16. myregister
    ICE Futures price of cocoa futures in late trade on Friday morning (23/09) closed with strong position. Strengthening cocoa prices triggered by tightening of supply.Cocoa futures were higher, supported by short-term supply tightness with the slow start is anticipated for the main crop season which starts at the top grower Ivory Coast next month. At the end of trading early this morning the price of cocoa futures contracts in December 2016 which is the most active contract closed with a record increase was observed. The commodity price closed up with around 43 dollars or 1.49 percent at 2,920 dollars per ton. Analyst estimates that the price of cocoa futures for subsequent trade and the potential to strengthen with the weakening potential of US dollar and tightening supply.The pprice may penetrate the resistance level at 2,970 dollar positions. While the level of support that will penetrate if there is a decline is at 2870 dollars and 2820 dollars.
  17. myregister
    Euro exchange rate movements on Asia session (04:00:35 GMT / 11:05 GMT) weakened against US dollar after opened lower at 1.1207 in early trading (0000 GMT), it seems that Euro exchange rate is now rolling at 1.1197 also has potential to rise more. Euro on Asia session experienced what we called as profit taking after natural reinforcement for 2 consecutive days that weigh mixed economic data especially data from Markit for data flash manufacturing. Throughout today have strong fundamentals driving the same, but American session data for US are expected to show positive results. Technically EURUSD continues to fall down to the range of 1.1188-1.1125, but if it does not reach this range then the pair can rise back to 1.1217-1.1260. So it seems that today EURUSD pair is expected to have the support level at 1.1108 and the resistance level at 1.1311.
  18. myregister
    Crude oil prices declined in Asia trade on Friday (09/23), depressed profit taking following a strong two previous sessions and caution ahead of the OPEC ministers meeting in Algeria next week to discuss the possibility of production cooperation. West Texas Intermediate (WTI) traded at $ 45.90 a barrel , down 42 cents from the previous close. Brent futures fell 33 cents, or 0.69 percent, at $ 47.32 per barrel. OPEC could see a new impulse to grab the first deal to curb production since 2008 next week when Algeria played host to the petroleum minister. Traders said that the decline largely to technical chart indicators and also sell following strong price increases in the two previous trading sessions. Analyst estimates that the price of crude oil at the next trade will be potentially weak with continued profit taking. However, if US dollar continues to weaken, it will strengthen the price of oil. Prices are expected to penetrate support range at $ 45.40 - $ 44.90, and if the price rises will penetrate resistance range at $ 46.40 - $ 46.90.
  19. myregister
    USDJPY pair movement in the Asian session (03:10:35 GMT / 10:10 GMT) after a strong move opened lower at 100.75 in early trading (0000 GMT), and now the pair's rolling value is at 101.21. Yen continue its weakening movement for the second straight day after a safe-haven trade evaporated because Fed interest rate policy unchanged. Yen back to the weak fundamentals of BOJ monetary policy with a comprehensive stimulus indefinitely extend the maturity. Fundamentally, it seems that USDJPY will rise steadily to around 101.32-101.65, the pair can be corrected to a range of strong support. So the normal range for USDJPY pair is estimated to have the support level at 99.95 and the resistance level at 101.80.
  20. myregister
    Aussie or Australian Dollar exchange rate movements in Asia session (03:40:35 GMT / 8:50 pm) is moving weak against US dollar, after opening higher at 0.7644 in early trading (0000 GMT), the exchange rate fell around 10 pips and rolling value is at 0,7633. Australian dollar exchange rate experienced a profit taking on early Asia session after the previous pair up to an 11-day trade with a long rally. Sentiment that weakens Australian dollar was also triggered by a drop in crude oil prices after a successful rally for around 3 consecutive days. Fundamentally, AUDUSD will drop to the range of 0.7625-0.7590, but if it reaches the range of strong support it will fall back to the range 0.7575-0.7533. So normal range for AUDUSD pair is estimated to have the support level at 0.7533 and the resistance level at 0.7734.
  21. myregister
    When the forex market opened on European session, the currency of the Euro area and the UK are heavily traded after the market makers release their safe-haven assets to respond to the fundamental conditions of disappointing US dollar. Hope US dollar to move higher rests on Fed rate hikes were dashed when the US central bank announced its policy early this morning. Gloomy expectations of Fed rate hikes make merry stock exchanges and indices exchanges Asia and Europe scored a significant strengthening. After the stock, the next selected asset markets after the announcement of the Fed's mid-European region. Today's trading movements is euro does not received strong support from the region's economic data releases, and more driven by the weakening US dollar sentiment. This week the euro exchange rate experienced a bad trade since last weekend when US inflation data increases. And trade until this afternoon had managed to climb back to its highest level in five trading days. On European session Euro exchange rate movements were rallied against US dollar, after opened lower than the previous trading at 1.1186 in early Asia trade (0000 GMT), it seems that Euro exchange rate gains 60 pips and is now rolling value at 1.1245. For the next trade until the close of trading ending the American session tomorrow morning, EURUSD will rise to 1.1284 - 1.1215. But if it is not until those ranges, the pair will go down towards the bottom at 1.1180.
  22. myregister
    The price of CPO in Malaysia observed commodity exchanges rose on Thursday afternoon (22/09). CPO price hike this afternoon supported crude oil prices for the Asian session. Crude oil prices extended gains from the previous session in Asia session on Thursday (22/09), after a surprise drop in US weekly crude oil inventories and a weaker US dollar after the Fed kept interest rates unchanged. CPO price most active contract on the commodity exchanges Malaysia today seems to have increased. The contract price in December 2016 which is the most active contract rose by 0.1 percent and traded at 2,681 ringgit per tonne. CPO price increases restrained by strengthening Ringgit currency, so that only increased slightly. CPO futures at the next trade potentially strengthened by the potential increase in crude oil. However, if the ringgit continued to strengthen, will depress the price of CPO. CPO futures contract prices has the potential to test the resistance level at 2,730 ringgit. While the level of support that will be tested if prices decline is at 2,630 ringgit.
  23. myregister
    The price of tin in Malaysia Stock Exchange fell on Thursday (22/09). Falling prices triggered profit taking. The weakening of the price of tin ignoring the bullish sentiment with dollar weakness after the Fed kept interest rates fixed. US Federal Reserve kept interest rates unchanged at Thursday's meeting this morning (22/09) but give a strong signal to the tightening of monetary policy by the end of this year as the labor market improves further. Fed Chairman Janet Yellen, speaking after the central bank's latest policy statement, said the US is seen strong growth and the rate of increase would be needed to keep the economy strong and triggering high inflation.Profit-taking occurred after in today's trading tin production rose 66 tonnes compared to 55 tonnes in the previous session. Profit taking also occurred utilizing tin price increase in the last three trading sessions lead. The price of tin in Malaysia commodity exchanges declined today. The industrial metals prices traded at 19,400 dollars per tonne, down by 80 dollars, or 0.4 percent from its previous close at 19 480.Tin's rice movements at the next trade may rise if US dollar continues to weaken. Price will face the resistance level at position 19,600 dollars and 19,800 dollars. But if there is a decrease, the price of tin will face a support level at 19,200 dollars and 19,000 dollars.
  24. myregister
    At the end of trading on Thursday morning (22/09), Rotterdam soaring coal prices pushed by Fed's decision to keep interest rates weaken the US dollar. The US Federal Reserve kept interest rates unchanged at Thursday's meeting this morning (22/09) but give a strong signal to the tightening of monetary policy by the end of this year as the labor market improves further. Fed Chairman Janet Yellen, speaking after the central bank's latest policy statement, said the US is seen strong growth and rate hike would be needed to keep the economy strong and triggering high inflation. Yellen said she hoped a rate increase this year if the labor market continues to increase and new risks are not raised. The sharp rise in coal prices also supported the surge in crude oil prices. Crude oil prices rose about 3 percent in late trading Thursday morning compelled surprise drop in crude oil inventories were reported to the US government and the Fed's decision to keep interest rates. At the end of the trading price of coal Rotterdam futures contract for October 2016 in the position of 66.15 dollars per ton. Price strengthened by 2.48 percent compared to the previous closing. Coal futures price movements at Rotterdam on next trade is projected to rise by potential weakening US dollar with US interest rate decision unchanged. The price of coal futures could potentially test the resistance level at 66.65 dollars and . While the level of support that will be tested if prices decline is at 65.65 dollars.
  25. myregister
    The price movement of gold in the Asia session (02:30:35 GMT) moves lower after opening lower at 1334.51 in early trading Asia (0000 GMT), and is now rolling value of XAUUSD is at 1333.19. Gold prices trading naturally on Asia session on profit taking after earlier trading market busy to secure their assets ahead of the announcement of the Fed interest rate policy. After the announcement of the preferred market to the stock market. Technically XAUUSD rise up to the range of 1335.62-1345.06 if the price happening can't do that then it will fall to the range between 1326.44-1320.90. XAUUSD pair today is expected to have the support level at 1309.25 and resistance level at 1350.67.
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