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@radex 78: Then let make it clear here, what do you think as addicted to foreign exchange? Is that all about making much more money or something like that and you don't have to stop your trading? Or you just simply trade now and then trade again 2 days later or you trade everday, is that addicted to foreign exchange? For me trade daily because we want to earn is not addicted.

That could be done through 2 ways, first through forex expert advisor and second through yourself. So in here overtrading could happened because we don't have or even have control to our account. That is matter of emotions rather than skills. If you have control you will see what happens, and have control to do what you want with your trading.

Martingale? Well that is depend but yeah martingale is more like gambling but averaging technique which people prefer sometimes also do the same thing, the difference is just the amount. I don't know what kind of EA you prefer here, but i am sure a well build robot must have some kind of risk management even use technique such as martingale.

It has some promises LOL like when you buy the contract and the rest then is history. Spot here is good because that is not BS, the market will bring you closer with the other side who open a position. By doing this you can transact faster and as the result for this is the loss and the profit will be nearly instant if not instantly.

There must be reasons behind his loss, would you mind to share here? Basically what i see from beginner mistake is all about emotions, if that is not about emotions then that is about they don't have enough experience to deal with the volatility of forex especially in how to manage your trading's risk.

Yes i am not the one, and glad to know that there is someone who have the same thought like me. Tools or strategy or platform is just the tools, as long as it is safe and works why do we need to change it, i prefer to not to use SL maybe when i am trying to experimenting with something, because right now i try carry trading in demo account, so far the result is good.

Same here money and money and money. Let me ask you first, who doesn't love money? Next, the reason behind we trade in forex is money isn't it? But other business also offers the same way, so why do we need forex if there is other less risky business awating for us? Flexibility is another answer for me, it can gives me money and i can trade anywhere and anytime i want.

In few cases, to be honest i prefer simple and easy way to trade that is why i am using the news calendar based site analysis which i got from a website i visited in my native language. It has set of rules but if you know the core it is just like you can analyze the market in few seconds. The result? Of course that is different to each sometimes, but if you follow it strictly it could soar up to between 70 - 80 profitable tradings in 100 tradings.

Meta trader so far is the best platform, not just because of its performance and because it is easy to use but because it is platform agnostic. Any kind of broker could use it and even modify if they have an agreement with meta trader. To create Expert Advisor is also easy here and the indicator is plentiful so people don't have much worry about technical analysis.

But the momentum in long term trading such as swing is more way crucial and also the impact is big. SL and TP of scaling strategy is small around 5-20 pips at most. While Swing as far as i can see that takes hundred pips, some position which people hold for more than one or two weeks even more than just hundreds. So in here i said that momentum in swing is crucial @sidejob.

To be exact 70-90% even still debatable are speculations. Forex mostly like that and you know that 30-35% of the total interbank market in the hand of the big global bank who trade, for example like Barclays or JPMorgan. They are the one who try to accumulate profit daily. While it is true that retail traders are gaining place but still small, while in stock i think the biggest one is still company, right?

@sidejob : I don't forget it buddy, that is just the truth what you said here, the rebates only for someone who can refer an active traders, if the one you refer is not active you wouldn't get any rebates for your trading. In the end that is just trivial matter and the reason people love rebates because that is additional bonus which could make difference especially for scalpers.

Some flaws surely exist for CPI just like how government calculated that CPI, some economist criticize this thing by said that CPI sometimes overestimation of the inflation thus make the wrong impression. But over this criticism i must admit that impact of CPI is big and CPI also become the influential indicators for FX traders for more than decades.

The price of CPO in Malaysia commodity exchanges observed a slight increase in trading Tuesday afternoon (23/08). CPO price hike this afternoon supported the weakening ringgit against US dollar. The weakening ringgit makes the price of commodities traded in the currency has become relatively cheaper for overseas buyers so that demand is increasing. 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 2 ringgit or 0.08 percent and traded at 2,545 ringgit per tonne. It estimated that the price movement of CPO futures at the next trade potentially strengthened by the potential weakening ringgit while there is potential for the price to test the resistance level at 2,600 ringgit. While the level of support that will be tested if prices decline is 2,500 ringgit and 2,450 ringgit.

Gold prices slumped in late trading Tuesday before dawn, reaching the lowest point two weeks after upbeat comments from Federal Reserve officials on the US economy boosted expectations that US central bank could raise interest rates sooner. Number two at the US Federal Reserve policy makers, Stanley Fischer, said on Sunday the central bank is already close to full employment and inflation target of 2 percent. Spot gold prices fell 0.31 percent at $ 1,337.06 per ounce after hitting a session low of $ 1,331.35, the lowest since Aug. 9. While the price of US gold futures for December delivery settled down $ 2.80, or 0.21 percent, at $ 1,343.40 per ounce, and last traded down 0.38 percent. It estimated that the gold price would potentially go up to the potential weakening global stock markets due to the falling crude oil prices. Gold prices are forecast to exceed the range of $ 1,339- $ 1.341 as Resistance, and if the price drops will penetrate the range of $ 1,335- $ 1.333 as Support.

At the end of trading Tuesday morning (23/08), Rotterdam coal prices rebound, ended up ignoring the weakening of crude oil and the strengthening of US dollar. In addition Rotterdam Coal prices rose compelled to bargain hunting, after last week dropped by 5 percent. This is used by investors to buy. Rotterdam coal price futures for the most active contract is a contract in September 2016 rebound at 60.15 dollars per ton. The commodity price increased by 0.25 dollars or equivalent to 0.42 percent compared to the previous closing. So it estimates that coal futures price movements Rotterdam at the next trade has the potential to rise to the weakening US dollar sentiment. The price of coal futures could potentially test the resistance level at 60.65 dollars and Resistance positions both at the level of 61.15 dollars. While the level of support that will be tested if prices decline in at 59.65 dollars and 59.15 dollars considering the fundamental data in this evening.

Euro exchange rate movements of the Asian session (06:10:35 GMT / 11:10 GMT) strengthened against US dollar after opening lower at 1.13190 in early trading. The exchange rate of EURO since the beginning of the Asian trading session moves rally that rests on the momentum of the weakening US dollar by the sentiment of disappointment on Fed rate projected increase further. In addition to the European session will receive a positive sentiment from PMI manufacturing flash area which is expected to be positive. Technically, it seems that EURUSD rose steadily to around 1.13503-1.13672, but if it does not reach this range then the pair will move back down to the range of 1.12842-1.12460 And today is expected to have the support level at 1.12100 and the resistance level at 1.13888 considering the momentum which weakening US dollar now.

The price of Tin in Malaysia bourse appreciated higher on Tuesday (23/08). The increase price of tin also supported by the good sentiment and increased projected economic growth of China. The US rating agency Moody's Investors Services raised the projected China's economy, due to government efforts to boost growth to face the latest slowdown in fixed asset investment and industrial production. In a research report released August 16, Moody's said that the expansion of China's economy will reach 6.6% in 2016, up from 6.3% previously. Growth in 2017 will be 6.3%, up from 6.1%. Tonight will be released economic data Markit Flash PMI Manufacturing New Home Sales in August and July, which indicated weaker than the previous result. If realized, it will weaken the US dollar. So today it seems that the price of Tin in Malaysia bourse will have the potential to strengthening further but limited by the potential weakening of US dollar against the other commodities and other current. Price will face the resistance level at position 18,700 dollars and 18,900 dollars. But if there is a decrease, the price of tin will face a support level at 18,300 dollars and 18,100 dollars.

Crude oil prices fell in Asian trading session on Tuesday as analysts including Goldman Sachs warned that the rally in August has been exaggerated, and that the freezing of the proposed oil production at a level close to the current record will not help control the market oversupply. Based on that the futures price of West Texas Intermediate (WTI) fell 44 cents, or 0.93 percent, to $ 46.97 per barrel. Meanwhile, crude oil futures prices of Brent traded at $ 48.80 a barrel, down 36 cents, or 0.73 percent of their final closure. Analysts estimates that the price of crude oil at the next trade have weak bearish potential as there is pessimism of the freezing production and a glut of supply. Prices are expected to penetrate the support range between 46.50 - 46.00, and if the price rises will penetrate resistance range between 47.50 - 48.00

In the ending of forex trading early in the week a few days ago US dollar back in retreat after a strong rebound late last week. Dollar had strengthened since the Asian trading session and enter the US session stronger by the statement hawkish Fed Vice Chairman Stanley Fischer. However trimmed back after the markets doubt the ability of the Fed to raise interest rates back this year. Stanley Fischer stated that US economic growth will increase in the coming quarter and the Fed's inflation target to be reached but worried about the US economic outlook for the long term. Last week the dollar received a lot of hawkish statements from Fed officials that the currency raised high but the duration is not long. For today's trading the dollar movement will be influenced by the fundamental data that is mixed with some economic indicators such as data flash manufacturing and new home sales. Home sales data is expected to show a lower data from the previous period. The dollar index, which measures the strength of the US dollar against six major currencies trading negative move after earlier closed lower at 94.55 and this morning's position opened at 94.56. The position of the dollar is now at 94.48

Aussie exchange rate movements in the Asian session moving strongly against US dollar, after opening higher at 0.76245 in early trading. Australian dollar exchange rate successfully continued the trend of early trading last week by the collapse in the value of the US dollar and bond yields, which ignored the development of crude oil prices were still hit hard since the previous trade. In the US session the pair can change directions to respond to the release of US economic data that was reported tonight. Technically AUDUSD will continue to rise into the range of 0.767063 - 0.769552, but if it does not reach that range then this pair may move back down to the range between 0.7595-0.7559. So the price suggested the normal range of AUDUSD pair is estimated to have the support level at 0.75312 and the resistance level at 0.76987

USDJPY pair movement in the Asian session move negatively after opening higher at 100.330 in early trading. Yen on the Asian session moving strongly against US dollar after positively respond PMI flash manufacturing data releases were reported to show the data that increased expectation from 49.3 to 49.6. In addition yen also strengthened by reports in the media that wrote Nikkei Japanese authorities will not intervene against the currency in the near future. Technically USDJPY will continue to fall into the range of 99.854-99.600, but if it does not reach this range then the pair will move back up to the range of 100.687-101.004. So it can be argued that the normal range of USDJPY pair is estimated to have the support level at 99.354 and the resistance level at 101.390.

Exchange rate of Pound on Asian session fell enough in early trading by momentum of USD dollar dominance in the forex market which responds to the rise of further Fed rate hike expectations will be conducted in September. Besides domestic feared by the British state budget balance data a natural decline in surplus which the data was released late last week. GBPUSD dropped again to the range of 1.3015-1.2975, however if the range of the correction happens then the pair will rise towards 1.3142-1.3192. So normal range on the GBPUSD pair is estimated to have the support level at 1.2949 and the resistance level at 1.3241.

Gold price on Asian session is still cheaper than the trading price of the weekend by the rise of the expectations of a Fed rate hike further strengthening US dollar. And all day the price of gold will still be a negative move by the strength of US dollar. There is no more fundamental indicator to support but only sentiment which drive XAUUSD down. Technically XAUUSD may decline further to around 1343.82 -1339.40, but if it is not until these ranges can be corrected back up to the range of 1343.82-1351.44. So the normal range between this pair is expected to have the support level at 1318.78 and resistance level at 1357.58.

In late trading the weekend early Saturday (20/08), Rotterdam coal prices ended down depressed strengthening US dollar. US dollar rose 0.4 percent against a basket of six major currencies as rising expectations of investors with a greater chance that the Fed will raise rates this year. Rotterdam coal price futures for the most active contract is a contract in September 2016 dropped in position 59.90 dollars per ton. This commodity prices decreased by -1.45 dollars, equivalent to -2.36 percent compared to the previous closing. For this week, the price of coal sank -5.30 percent, largely eroded by profit-taking after soaring coal prices last week. It looks like the price of coal futures Rotterdam at the next trade potentially weak with sentiment strengthening US dollar. The price of coal futures could potentially test the support level at 59.40 and the second support level at 58.90. While the level of resistance to be tested if the price increase is at 60.40.