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myregister
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Everything posted by myregister
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Well, the way for us to maximize the profit can be done through practicing in demo account. Well, demo account is some sort of good way for us to get more experience but we won't get earning from that just experience. While in real account we will get profit and experience. People who trade in demo account usually make more profits because of the relaxing nature of demo account.
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The best way to make living in forex is by have a regular income through forex. It is clear when you have regular income ,that stable income will be the source of yours and it is better if that stable income you have are more than enough to cover your basic expense as modern human such as internet connection, foods, transportation, or even electricity and some taxes since this is business afterall.
- 305 replies
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- life vs forex
- discuss life vs forex
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Huh? We manage the risk that EA won't manage? Well if you ever use expert advisor before you must know that we can put SL and TP there, so it is our way to manage the risk, but the way they trade which i mean as open a position and close it or the way they analyze the market is depend on the code which put by the coder not by you.
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hone your trading with a demo account and a real account
myregister replied to rizal83's topic in Forex Newbies
Sure it is good thing, first we can get the real experience and the second one is that we can get the real income from this business. Sure, but how about when you lose? You get experience and you lose for real. See? You don't think about the worst but just think for the good only. In real account you get both in demo account you get just one which is experience. -
I do agree with this guy. Yes forex is for us as long as we willing to learn more and i added it we are willing to fix all the mistake we made. Learning alone is not enough but something like greediness or to exact the feeling want to gain bigger earning, as to grow our capital but in right manner and through intelligent way to take the risk which means not blindly to take the risk.
- 460 replies
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- Learning forex
- Should i trade in forex
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When someone treat foreign exchange as the part of side job, i think that is not the symptom but more the part of they want to protect their capital from the uncertainty of foreign exchange because maybe they think by not participating on it for quite some time then the risk will be lower. Addiction is clearly visible when someone already trade without stopping, or so called overtrading is clearly visible to us.
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Should Forex Brokers Accept Bitcoin or other cryptocurrency?
myregister replied to bloger90's topic in Forex Newbies
Bitcoin to the core is actually currency, even gold could be said as currency depend on your definition of currency itself. Talking about usability, it is possible to accept bitcoin and other crypto currency as commodity or currency to traded in foreign exchange. But the regulation is harder because the only reliable one is BTC, even like that we still find hard time to regulated it not like government backed currency such as USD or EUR.- 54 replies
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- Bitcoin in forex trading
- Litecoin in forex trading
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True, this is why they afraid to do that to robot. AI is algorithm that created by humans to automatized their trading into the better style which they think they are. I assume this idea is good but actually has its own limit even like that the high class algorithm or robot is being updated and keeps getting better as the time goes on.
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Maximum result or what? I mean this thread is not really what it used to be, damn. People talk something which is out of the context now. By the way to earn money broker must be earn it from spread no matter what, because that is the only way for them to earn, but actually more than one way to exist even like that primary and easier way is spread.
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At the end of trading Tuesday morning (06/09), Rotterdam coal price rises pushed higher crude oil prices. Crude prices in trading Monday evening ride after a joint statement from Saudi Arabia and Russia for cooperation to support the oil market. At the end of the trading price of coal Rotterdam futures contract for October 2016 in the position of 63.65 dollars per ton. Commodity prices gained 0.30 dollars or equivalent to 0.47 percent compared to the previous closing. The price of Coal futures itself estimated to rise to higher level considering the potential of dollar weakness, if tonight weakening US growth data services. The price of coal futures could potentially test the resistance level at 64.10 dollars and then to 64.60 dollars. While the level of support that will be tested if prices decline is at 63.10 dollars.
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- coal
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The price of CPO in Malaysia observed commodity exchanges rose on Tuesday afternoon (06/09). CPO price hike this afternoon supported by the weakening ringgit and rising crude oil prices Asian session. Observed Ringgit currency weakening against US dollar. USDMYR exchange rate strengthened 0.1 percent to 4.0763. The weakening ringgit makes the price of commodities traded in the currency has become relatively cheaper for overseas buyers so that demand is increasing. The increase in CPO prices also underpinned the rise in crude oil in the Asian trading session. Crude oil prices extended gains in Asian trade on Tuesday (09/06), supported the deal a major producer Russia and Saudi Arabia to cooperate in stabilizing the oil market, but the lack of measures to control the output gains. CPO price most active contract on the commodity exchanges Malaysia today seems to have increased. The contract price of November 2016 which is the most active contract rose by 4 ringgit or 0.2 percent and traded at 2,648 ringgit per tonne. CPO futures for the next trade potentially strengthened by the potential weakening ringgit. While the level of support that will be tested if prices decline is at 2,600 ringgit.
- 112 replies
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- CPO
- fundamental
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The price of tin in Malaysia Stock Exchange fell on Tuesday (06/08). Falling prices following the weakening of the price of tin in Shanghai, China.In Shanghai, base metals such as aluminum, zinc and tin fell about 1.1 percent. Wall Street and global markets were quiet about giving direction to the tin trade. The price of tin in Malaysia observed commodity exchanges declined today. The industrial metals prices traded at 19,300 dollars per tonne, down by 30 dollars, or 0.2 percent from its previous close at 19 330.Tonight will be released the data Markit and ISM Non Manufacturing Services AS in August that indicated weaker. If realized could weaken the US dollar. It estimated that Malaysian tin price movements at the next trade may rise if the US dollar weakening is realized. Price will face the resistance level at position 19,500 dollars. But if there is a decrease, the price of tin will face a support level at 19,100 dollars and then to around 18,900 dollars.
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Crude prices in trading Monday evening ride after a joint statement from Saudi Arabia and Russia for cooperation to support the oil market. US crude futures last traded West Texas Intermediate rose $ 0.63, or 1.42 percent, at $ 45.07 per barrel. The price of Brent crude oil futures for November delivery rose more than 3 percent higher at $ 48.55 a barrel, settling up $ 1.38 on Friday. US crude oil trading is likely to be limited on Monday for the US Labor Day holiday. Oil rallied on news that major oil producers Saudi Arabia and Russia made a joint statement during the G20 summit in China called for cooperation to support the oil market. However, commodity prices reduce profits when the announcement was made. Russian Energy Minister said that the two countries have moved to a strategic energy partnership and are looking for ways to stabilize the market. Previous oil futures edged down in early trade on Monday, reducing the 3 percent gain in the previous session, as the dollar strengthened and traders looked persistent concerns on the world oil glut despite some signs of oil producers can try to cope with weaker oil prices. The US dollar rose ignore disappointing US jobs data Friday did little to change investor perception that the Federal Reserve may raise interest rates in coming months. The price of Crude Oil estimated to rise supported by the weakening US dollar and optimism talks of freezing production. Prices are expected to penetrate the Resistance range between $ 45.50 - $ 46.00, and if the price drops will penetrate Support range between $ 44.50 - $ 44.00.
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Gold prices rose on Monday as the US dollar slipped triggered easing of expectations of rising US interest rates as soon as the data the US Non Farm Payrolls below forecast last week. Spot gold price of gold was up 0.1 percent at $ 1,325.70 an ounce . Meanwhile, gold futures prices rose 0.2 percent at $ 1,329.9. The next policy meeting of the US Federal Reserve took place 20 to 21 September. A decision to hold interest rate hikes could mean triggering the US currency lower, which would make dollar-denominated gold cheaper and more attractive to non-US. US Labor Day holiday to make the volume quieter on Monday, but markets will be watching the release of new data and any speeches from Fed officials for clues move interest rates. Analysts and traders are also waiting to see whether the physical demand in India rose for the coming week for festival and wedding season. Tonight will be released US services sector growth data via an index Markit and ISM Non Manufacturing is indicated weakened. If this is realized, it will depress the US dollar.it estimated that the price of gold may rise to fading hopes of a US interest rate hike this September and the weakening US dollar. The price of gold is estimated in the range of $ 1,328- $ 1.330 and if the price fell, the it will be in the range of $ 1,324- $ 1.322.
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United States Dollar Fundamental Analysis(including USDX)
myregister replied to myregister's topic in Fundametal Analysis
Once smitten against many rivals early trading last week, US dollar tried to rebound entering the Asian trading session on Tuesday (6/9). This morning it seems that US dollar was observed to weaken against his opponent just like Great Britain Pound and the commodity exchange occurred while strengthening against Euro and Francc. Her off the US market and Canada earlier in the week due to Labor Day holiday makes no fundamental data to support the US dollar rate. So the dollar is still moved by the sentiment that comes from the rival fundamentals. The pound rallied last until the end of trading on Monday a few hours ago (6/9) and the exchange of commodities also rallied by a surge in crude oil prices increased significantly. For the movement of the US dollar today expected to receive negative sentiment from strong fundamentals main rivals in the Asian and European session, and the session will come up with the negative sentiment of the data by the ISM non-manufacturing. The dollar index, which measures the strength of the US dollar against six major currencies limited trade moved higher after the beginning of the Asian trading session opened higher at 95.77 and this morning's position moves to around 95.76 whichi compared to the previous trading, USD fell about 0.1 percent. -
Euro exchange rate movements in Asia session (05:00:35 GMT) observed to fall down against the US dollar after opening higher at 1.1147 in early trading, Euro exchange rate is now rolling at around 1.1145. Exchange rate of euro since the beginning of the Asian session trading is stronger against US dollar moves by bargain hunting after two straight days of sentiment depressed by monetary policy easing Eurozone ECB continued to be discussed next week. In the European session is expected to receive positive sentiment from some economic data such as the German factory orders, retail PMI and Q2 GDP revision. Technically, EURUSD could rise to the range between 1.1165-1.1196, if this pair rise around that it may then proceed up to around 1.1200. And today is expected to have the support level at 1.1084 and the resistance level at 1.1214.
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Australian Dollar Fundamental Analysis.
myregister replied to myregister's topic in Fundametal Analysis
Aussie or Australian DOllar exchange rate movements in the Asian session (04:40:35 GMT / 11:40 GMT) to move positively against US dollar, after opening higher at 0.7584 in early trading , the Aussie exchange rate rose 39 pips and rolling values of this pairare at 0,7623. Australian dollar exchange rate continue its rally on Asia session which began five days ago in a row against US dollar by the positive sentiment of economic data released this afternoon than by the momentum of dollar weakness. Economic data that accounts for energy rally is the position of the RBA interest rate unchanged in line with expectations. Technically AUDUSD will rise again to the range of 0.7645-0.7696, but if it does not reach this range then the pair may be a correction down to the range of 0.7561-0.7539. And if it reaches this range then the pair continued up to the top of the range 0.7700. So the normal range on the AUDUSD pair is estimated to have the support level at 0.7510 and the resistance level at 0.7690 -
Pound exchange rate movements on Asian session (05:10:35 GMT ) is about to move its rally against US dollar after in the early opening, the price observed at 1.3305 in early trading (0000 GMT), the exchange rate pound rose 0.2% and the rolling value is at 1.3324. Rally happened for Pounds Asian session continued the optimism where will market the UK economic fundamentals are still stable after Brexit. And today there is no economic data adds to the strength of the pound rally that followed the US dollar sentiment. Technically GBPUSD may continue to rise into the range of 1.3355-1.3401, and if it did not achieve this range then the pair will drop to the range of 1.3268. But if the range of the above will be continued up to the top of the range 1.3420. So the normal range on the GBPUSD pair is estimated to have the support level at 1.3173 and the resistance level at 1.3435
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USDJPY pair movement in the Asian session (03:45:35 GMT / 11:20 GMT) moved positively after opened actually lower at 103.42 in early trading (0000 GMT), and now the pair is at 103.62. It seems that Yen rise back in the end of the Asian session after a negative move in the middle of trade rose by Shinzo Abe's cabinet official statement that Japan will not take any action against its policy of waiting for what the Fed this year. The movement today tend to be consolidated. Technically, the USDJPY continues to rise to a range of 103.90 up to 104.52, but if it does not reach this range then USDJPY will move down towards the range of 102.89-102.43. So the normal range on the USDJPY pair is estimated to have the support level at 102.89 and the resistance level at 102.43.
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Great Britain Pound exchange rate on European session (07:10:35 GMT) are moving weak against US dollar after opening higher at 1.32990 in early trading (0000 GMT), the pound exchange rate rose around 0.01% and the rolling value of GBPUSD is at 1.33002. The rally on European session experienced technical barriers after successfully reaching its highest level since early August despite the positive sentiment will come from performance data from Markit services PMI which showed the data is greater than the previous period. Technically GBPUSD could fall into the range of 1.3244-1.3196 if it did not reach the range of 1.3320 the pair will rise towards the top of the range 1.3250. So the normal range on the GBPUSD pair is estimated to have the support level at 1.3146 and the resistance level at 1.3398.
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USDJPY pair movement in the European session (06:40:35 GMT / 11:20 GMT) move negatively after opening lower at 104.11 in early trading, and now this pair rolling values is at 103.46. Yen actually managed to rally in the Asian session to end the Asian session and entry of European session this afternoon by the US dollar weakening momentum in conjunction with disappointment that the market will ignore the comment of Kuroda which make the market fears banks will not loosen policy after a stimulus program that was great. Technically, the USDJPY will go down to the range of 103.04-102.20, but if it does not reach this range then the pair will move up to the range of 104.50-105.27. It looks like the normal range on the USDJPY pair is estimated to have the support level at 101.31 and the resistance level at 105.92.
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Australian Dollar Fundamental Analysis.
myregister replied to myregister's topic in Fundametal Analysis
Australian Dollar exchange rate movements in the European session (07:00:35 GMT) to move positively against US dollar, after opening higher at 0.75690 in early trading (0000 GMT), the Aussie exchange rate rose 32 pips and rolling values at 0,76012. Australian dollar exchange rate continue its rally from Asian session which began four days ago in a row against US dollar by the positive sentiment of economic data released this morning aside by the momentum of the weakening US dollar. Economic data contributed labor rally in that the data ANZ job advertisements and company operating profits. Technically AUDUSD will rise again to the range of 0.7618-0.7648, but if it does not reach this range then the pair may be a correction down to the range of 0.7532-0.7494. The normal range in the AUDUSD pair is estimated to have the support level at 0.74513 and the resistance level at 0.76874 -
Euro exchange rate movements of the European session (07:30:35 GMT / 14.30) strengthened against the US dollar after opening higher at 1.11570 in early trading (0000 GMT), the Euro exchange rate is now rolling on the position of 1.11742. Exchange rate euro since the beginning of the Asian session trading stronger against the dollar moves by bargain hunting after the market poor US non-farm payrolls in August, and this afternoon getting stronger by the release of economic data service PMI for the Euro area countries are positive. Technically, EURUSD could rise to 1.12109-1.12754 range, but if it does not reach this range then the pair will fall back to 1.11242. And today is expected to have the support level at 1.10110 and the resistance level at 1.1314.
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The price of tin in Malaysia bourse higher on Monday (05/09). The increase in the price of tin supported strengthening of global exchanges. US stocks closed higher in late trading weekend early Saturday, with the three major indexes posted weekly gains, supported increases in commodity prices after a disappointing jobs report. Likewise, the European Stock Exchange closed higher on weekends Friday night after US jobs data for August fell short of expectations, dampening expectations of US rate hike in September.Meanwhile Asian markets this afternoon observed moving in the green zone. All the major indexes recorded a rise in the Asian region. The price of tin on the commodity exchanges of Malaysia observed a rise today thanks to that. Thisindustrial metals prices traded at 19 330 dollars per ton, an increase of 150 dollars or 0.8 percent from its previous close at 19 180. The price estimated to have potential strengthening further limited by the potential for strengthening global stock markets after the easing of US interest rate hike expectations. Price will face the resistance level at position 19,500 dollars and then to 19,700 dollars. But if there is a decrease, the price of tin will face a support level at 19,100 dollars and then towards 18,900 dollars.
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The price of CPO in Malaysia observed commodity exchanges rose on Monday afternoon (05/05). CPO price hike this afternoon encouraged an increase in demand and a decline in CPO inventory. Demand strong pre-festival of India and China, Malaysia's palm oil exports in August rose 26.9% from the previous month, based on estimates from cargo surveyor SGS and ITS. The increase on a monthly basis on exports higher than projected earlier CIMB with a 5% increase. Chinese demand, in particular, encouraged by the government to stop the release of strategic oil reserves, he added. Meanwhile, the El Nino weather phenomenon seen earlier this year continue to impact on Malaysian palm oil production, which rose 5.4% in the months of August - much lower than the five-year average increase in August of 6.4%, the report said. CIMB had expected production to be up approximately 8% MoM in August. CPO price most active contract on the commodity exchanges Malaysia today seems to have increased. The contract price of November 2016 which is the most active contract rose as much as 51 ringgit, or 2.0 percent and traded at 2,646 ringgit per tonne. It estimated that the CPO price movements on the futures trading sentiment further potential to strengthen the forecast increase in demand and decrease in supply. However, it should be observed increase in Ringgit against US dollar, which if continued would push the price of CPO. CPO futures contract prices on commodity exchanges November 2016 Malaysia has the potential to test the resistance level at 2,700 ringgit. While the level of support that will be tested if prices decline is at 2,600 ringgit.
- 112 replies
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- CPO
- fundamental
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