myregister

At the end of trading on Thursday morning (25/08), the price of coal Rotterdam ends slump depressed crude oil prices tumbled. Crude oil prices extended losses in late trading on Thursday morning, due to an unexpected rise in US crude inventories that reignited concerns about a supply glut that has weighed on prices over the last two years. With the weakening of crude oil prices, the price of coal Rotterdam most active futures contract is a contract in September 2016 slump in the position of 59.00 dollars per ton. Commodity prices decreased by -0.75 dollars, equivalent to -1.26 percent compared to the previous closing. For now I estimate that the price movement of coal futures Rotterdam at the next trade potentially weak with sentiment weakening crude oil supply glut depressed sentiment and pessimism freezing production meetings. The price of coal futures potentially test support level at 58.50 dollars and support positions both at the level of 58.00 dollars. While the level of resistance to be tested if the price increase is at 59.50 dollars and 60.00 dollars.

The price of tin in Malaysia bourse stabilized on Thursday (25/08). Stable prices triggered cautious investors await the US Federal Reserve chairman's speech, Janet Yellen is due to speak later this week. Yellen is scheduled to speak at a meeting of central bankers in Jackson Hole, Wyoming. The latest hawkish comments from policy makers has increased investors' expectations that Yellen might adopt a less cautious tone on US interest rates. While the latest comments from Fed officials have supported expectations that interest rates will rise faster, while the minutes from 26 to 27 July policy meeting showed the US central bank officials remain divided over whether it is time to act. The industrial metals prices traded at 18,600 dollars per ton, the same as the previous close at 18,600. Malaysian tin price at the next trade potentially weak with a potentially stronger US dollar if the data Durable Goods Orders increased in July realized tonight. Price support at 18,400 dollars and 18,200 dollars. But if there is an increase, the resistance at 18,800 dollars and 19,000 dollars.

Aussie exchange rate movements in the Asian session (05:05:35 GMT) moving strongly against the US dollar, after opening higher at 0.761208 at the start of trading, and the rolling AUDUSD is at 0.763350. The actual Aussie in Asian session moving rebounded technically, since there is no fundamentally supporting data amid global market focus on Jackson Hole meeting. Symposium is expected to provide new clues to the continuation of a Fed rate hike. Technically, the AUDUSD is expected to rise steadily to around 0.76400-0.76753, but if it does not reach these ranges can be a correction down to around 0.75975-0.75810. So it looks like the normal range of AUDUSD pair is estimated to have the support level at 0.75662 and the resistance level at 0.76820.

Ahead of Janet Yellen's speech in Jackson Hole Symposium event tomorrow market participants cautious once to collect a large dollar amounts, so that the movement of US dollar in the spot market consolidation against its main rivals. But the tendency of the market attitude prefer removing the dollar as hawkish comments Fed officials last week in contrast to the minutes of their meeting last month. And in the middle of forex trading the Asian session this morning the dollar back on profit taking after earlier trading slightly higher. US dollar is clearly visible only strengthened against its rivals yesterday's trading higher, as against sterling. Previous trading only weakened against the dollar pound exchange rate because the fundamental strength of the GBP by market considerations will be the UK's economic conditions present post Brexit. Dollar managed to previous trading strong against major rivals because few had positive expectations of the market would be meeting leaders of global central banks in Wyoming-USA for two days starting Thursday. For today's trading movements of the US dollar will be supported by positive sentiment from some economic data such as US durable goods orders data is however overshadowed by the negative data on jobless claims last week. The dollar index, which measures the strength of US dollar against six major currencies moved positively after previous trading closed lower at 94.74 and this morning's position opened at 94.76. The position of the dollar is now at 94.74.

Demo is for experience and also for gaining knowledge. You cannot earn here i mean earn money not experience or knowledge or something which is not directly related to money. To be consistent you must keep trade in real account and keep stick with your strategy and make bucks from it, this requires intensive training and not just one or two trainings.

I think rebates is not lower the cost by simplest way. Lower cost of transaction can be done by open a position in the right time when the spread is quite low, in some ECN the average pips for EURUSD is around 0.1- 1.xx pips. Also don't open position in a very volatile condition, wait until it is a bit calm, it surely lower the cost aside from having rebate.

It is not always true, well theoretically long term trading seeks more profit, way more bigger than short term trading which want small profit in compensate for the readiness to lose in small amount. For newbie which is more suitable for them is depend on them, i saw it with my own eyes sizeable portion of them prefer scalp or short term while the others prefer long term trading.

@novarisa : Thanks for the advice about that yes both are risky, but sometimes media just hyperbole about the risk. We also can lessening the risk if we want to. Depend on the strategy you use you may able to lower the risk more than you can imagine, i ever got 8 consecutive losses but i still able to trade until now.

Minimize the risk doesn't mean forex become a business which is more suitable for you, is forex for you and me? The question can be only answered by myself and you. If you have such a high tenacity to trade and learning about forex even you for example lose more than once then forex is for you, or you love high risky business then it is for you.

In real account you can do the same the only difference that the result of your trading in demo account won't make you lose or gain anything in real life thus a good place to do an experiment. But remember sometimes real account performance and demo account are different so take it into your own account first.

Mainly broker earn from spread and this spread is get from the difference of sell and buy price. Broker is doing well with this so far but if they want to expand they should find another income, usually some well known broker which have strict regulator will open dealing desk, but they informed their client first that the account they choose is dealing desk just like what happened in FXCM.

No WAY, forex will be always have its risk and not just simple risk but high risk business. It is too early if we have assumption that we can eliminate or there is a way to eliminate the risk. One of the worst option here is don't trade. Without trading you will be eliminate the risk of forex to yourself. But if you keep trading, the risk is always be there.

Agree too, without proper analysis anyone will only suffer much losses, but this is not addiction usually this is because they don't know that they trade in foreign exchange, so it is proper to say that trader is actually don't have much experience/knowledge. About addiction we can see that in form of over trading, they don't know when to stop just revenge.

LOL, as long as they want to learn? If all people just by learning could be successful i am sure we all will be, but forex have more than that it is tenacity and big capital. If you have both plus the willingness to keep learning you maybe successful but remember it is not a short journey, it takes few years with high tenacity.

Pound exchange rate movements of the Asian session (05:40:35 GMT / 12:40 pm) is weakening against the US dollar, after opening lower at 1.3197 in early trade. Pound exchange rate of retreat by the end of the Asian session on profit taking market strong support against the US dollar managed to master the forex market after the strength of new home sales are soaring enough exhibited significantly thereby providing further Fed rate hike expectations in September. Technically GBPUSD dropped again to the range between 1.31471-1.31011, but if managed to achieve this range then the pair will rise towards the correction between 1.32172-1.32650. So analyst argued that the normal range on the GBPUSD pair is estimated to have the support level at 1.30580 and the resistance level at 1.32984.

Gold price movements in Asian session (05:20:35 GMT / 14:40 GMT) after a weak move opened lower at 1337.75 in early trading now, XAUUSD rolling at 1337.40. The price of gold since the beginning of the Asian session moving consolidated declining trend is still affected by the fundamental strength of the US dollar after the release of economic data overnight. And all day long the dollar is still strong potential to continue by bangkinya Fed rate hike expectations. Technically XAUUSD will continue to fall into the range between 1333.50-1328.35, but if it is not until these ranges can be corrected back up to between 1341.85-1344.81. So it can be argued that the normal range XAUUSD pair today is expected to have the support level at 1322.21 and resistance level at 1351.44.

The price of CPO in Malaysia observed commodity exchanges rose on Wednesday afternoon (24/08). CPO price hike this afternoon triggered CPO supply deficit forecasts. Sime Darby Bhd, a Malaysian palm oil plantation companies are the largest in the world, said crude palm oil production may decline 10 percent in fiscal year 2017 on the back of an El Nino weather patterns that destroy crops. The phenomenon that brings heat in Southeast Asia, has reduced oil results in the farmer on Indonesia and Malaysia. This is expected to lower the global palm oil supply by 2 million tons in 2016. 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 24 ringgit, or 0.9 percent and traded at 2,602 ringgit per tonne. CPO futures prices in the estimate will move higher with sentiment forecast supply deficit. CPO futures contract prices on commodity exchanges November 2016 Malaysia has the potential to test the resistance level at 2,650 ringgit. While the level of support that will be tested if prices decline is at 2,550 ringgit.

The price of tin in Malaysia stock rose in trading Wednesday (23/08). Tin price increases triggered by the decline of China's tin production. Administration of China began to conduct environmental inspections at eight major provinces from July 19 led to a smelter in China either to suspend or reduce production. Recommended plant relocation and maintenance operations are expected to keep the smelter is idle for more than a month in some cases, with many factories have not been clear about the possible restart date. Smelter reduce about 45% of China's annual tin production, or about 110,000 metric ton capacity. Cutting will produce a sharp decline in the production of tin in July and August by the Chinese lead smelters, leading to upward pressure on the price of tin is underway in the country. The price of tin on the commodity exchanges of Malaysia observed a rise today. The industrial metals prices traded at 18,600 dollars per ton, an increase of 120 dollars or 0.6 percent from its previous close at 18,480. Analyst estimates that Malaysian tin price movements at the next trade will weaken limited to the potential strengthening of US dollar. Price will face the level of support at 18,400 . But if the price rise then Tin will face the resistance level at 18,800.

Crude oil prices fell in Asian session Wednesday (24/08) triggered an unexpected rise in US crude inventories, also stressed concerns that China's oil demand could falter following the alleged tax evasion in the oil industry. US crude oil futures price of West Texas Intermediate (WTI) fell 68 cents, or 1.41 percent, at $ 47.42 per barrel. Meanwhile, crude oil futures prices International benchmark Brent traded at $ 49.39 a barrel, down 57 cents, or 1.14 percent, from the last closing them. Reinforcing fears of excess supply, US crude inventories surprisingly rose last week, though inventories of gasoline and distillate stocks fell sharply declined, data from industry group American Petroleum Institute showed on Tuesday. Analyst estimates that the price of crude oil at the next trade have weak potential to rise and sentiment of pessimism freezing production and a glut of supply. Prices are expected to penetrate the Support range between $ 46.90 - $ 46.40, and if the price rises will penetrate Resistance range between $ 47.90 - $ 48.40.

At the end of trading Wednesday morning (24/08), Rotterdam coal prices ended down ignore the rising crude oil prices. Coal prices have depressed by the strengthening US dollar. The US dollar edged up 0.01 percent against a basket of currencies, with the hawkish sentiment US interest rates was still shadowed by poor US manufacturing growth in August. Rotterdam coal price futures for the most active contract is a contract in October 2016 dropped to 60.85 dollars per ton. The commodity price decline around -0.15 dollars, equivalent to 0.25 per cent compared to the previous closing. Today it is estimated that the coal price movement in trading futures Rotterdam potentially weak with sentiment further strengthening of the US dollar. The price of coal futures could potentially test the support level at 60.15. While the level of resistance to be tested if the price increase is on 61.35.

USDJPY pair movement in the Asian session (04:20:35 GMT) moved positively after opening higher at 100.24 in early trading. Yen seems weak in Asian session moving to the US dollar by profit taking after two consecutive days rose. Yen's weak motion caused market participants will focus on gathering in Jackson Hole weekend to signal further Fed rate hikes. The strong US dollar makes yen sentiment so unattractive. Technically USDJPY will rise steadily to around 100.60-100.90, but if it does not reach this range then the pair will move back down to the range between 99.92-99.62. So that today seem normal range on the USDJPY pair is estimated to have the support level at 99.35 and the resistance level at 101.23.

Euro exchange rate movements of the Asian session (05:10:35 GMT / 12:10 GMT) weakened against US dollar after opening lower at 1.13052 in early trade. Exchange rate euro since the beginning of the Asian trading session is sluggish receive negative sentiment to the surge in US new home sales which adds to the strength of its main rivals, namely US dollar. And in the European session the fundamental data that will be released expected to weaken so the more complicated euro to rebound. And in the American session, the euro exchange rate weakened if the US economic data showed a steady data. Technically, EURUSD dropped continue to the range between 1.12840-1.12678, but if it does not reach this range then the pair will move back up to the range between 1.13272-1.13607. And today is expected to have the support level at 1.12380 and the resistance level at 1.13831.

The movement of USD against its main rivals entered the third day of trading this week managed to rebound by market optimism will be a Fed rate hike in September is expected to be presented by Janet Yellen at the Jackson Hole meeting in weekend. Optimism increased after new home sales data released overnight the United States showed a significant spike in the data. New Home Sales Data reported sales data overnight showed increased the most in the last 9 years. This data is believed to be the market adds to a series of data that support the ability of the Federal Reserve raised interest rates back in. Sentiment encouraging US dollar is the reason for the market to do profit-taking against its main rivals. For today's trading supported by the movement of the dollar in addition to the above sentiment will also be reinforced by weak data on rival supporters and positive expectations of the data US existing home sales in July were reported in the evening session. From today the European region sustains economic data rate of the region such as Q2-2016 Eurozone GDP data and the data also showed weakness BBA Mortgage aprovals. The dollar index, which measures the strength of US dollar against six major currencies moved positively after previous trading closed lower at 94.52 and this morning's position opened at 94.51. The position of the dollar is now at 94.61.

But the core is the same even there are few difference here and there, it is basically just put the traditional work so called forex into more electronical thingy. I see right now forex and other traditional works aren't overlap and both could complement to each other without much problem.

You can test there anywhere you want, but first test it in demo account and just to make you sure that when you test it in real account make sure that EA is work i recommend with small amount of money first, because most of EA which i see works well in demo account but when it comes to real the performance is not good.