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Yen in the Asian session opened lower by a stronger dollar sentiment after New York Fed President's statement that revived hopes of Fed rate hikes. Officials are confident the FOMC interest rate hikes will be conducted in September. USDJPY will rise steadily to around 100.98 - 101.462, but if it does not reach this range then the pair will move back down to the range between 99.782 - 99.460. So analyst argued that the normal range on the USDJPY pair is estimated to have the support level at 99.13 and the resistance level at 101.97.

AUDUSD on Asian session got a quite large selling pressure which come naturally by the strengthening of US dollar sentiment that dominate the forex market since the end of trading last week by expectations of further Fed rate hikes conducted in September since the absence of fundamental data then this sentiment will be further strengthened. AUDUSD will continue to fall into the range between 0.75727-0.75390, but if it does not reach that range then move up back to the range of 0.76410-0.76720. So it seems that normal range on the AUDUSD pair is estimated to have the support level at 0.75124 and the resistance level at 0.77033.

The decline in crude oil prices to trigger negative sentiment that makes CPO price 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 weakened November 2016 contract price which is the most active contract fell by -19 ringgit or 0.7 percent and traded at 2,559 ringgit per tonne. It is estimated 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. Price movements can also be affected by currency movements Ringgit and the global supply and demand conditions. CPO futures contract prices on commodity exchanges November 2016 Malaysia has the potential to test the support level at 2,510 ringgit. While the level of resistance to be tested if there was a strengthening will be at 2,610 ringgit.

The price of Tin in Malaysia exchange trading is stable on Monday (22/08). The stable price of tin fueled investor caution observing the development of economic indicators data were quiet. The movement of the Shanghai bourse trade flat on the opening weekend and this morning, to the attention of investors on hopes demand of the country's largest consumer of base metals. Janet Yellen's speech, the chairman of the Fed this weekend also in the spotlight for clarity when and the prospect of rising interest rates. Today the movement of Tin's price at the next trade potentially weak with a potentially stronger US dollar after the hawkish comments rise in US interest rates, as well as the potential weakening of global exchanges. Price will face the level of support at 18,200 dollars. But if there is an increase, the price of tin will face resistance level at 18,800 dollars.

Oil prices fell in Asian trade on Monday (22/08) triggered doubts that analysts link the producer talks will be able to rein in excess supply. US crude oil of West Texas Intermediate (WTI) fell 55 cents, or 1.13 percent, at $ 47.97 per barrel, while Brent crude oil traded at $ 50.13 per barrel, down 75 cents, or 1.47 percent. Analysts doubt the rally in oil prices recently, saying that the increase is the result of a lot of short-covering and anticipation talks oil producers that will come in September to discuss ways to rein in excess supply. Without a strong market fundamentals are seen, they say that the price is likely to be under downward pressure again soon. Today the price of crude oil at the next trade potentially weak with a potentially stronger US dollar and doubts of freezing production. Prices are expected to penetrate the Support range between $ 47.50 - $ 47.00, and if the price rises will penetrate Resistance range between $ 48.50 - $ 49.00.

Exchange rate of euro since the beginning of Asian trading session has been moved weakened by continued selling pressure after the last weekend Fed rate hike expectations rose further in September alarming its main rivals, thanks to the Last Federal minutes result which was Hawkish and successfully drive the hope for Fed rate hike. Technically, EURUSD dropped continue to the range between 1.12722-1.12403, but if it does not reach this range then the pair will move back up to the range of 1.13420-1.13710. And today is expected to have the support level at 1.12086 and the resistance level at 1.13956

Venturing forex trading this week on Asian session, USD once again dominate trading after last weekend's draw strength from expectations Fed will resume its interest rate after the last week's FOMC statement. Some sentiments are still coloring the market this morning with rivals to be difficult to move rebounding from weakness earlier trade except the yen. For today's trading movement of USD will not be any fundamental data that provide additional power, as well as for his rivals no fundamental data that will be published today. The dollar index, which measures the strength of the US dollar against six major currencies moved positively after previous trading closed higher at 94.51 and this morning's position opened at 94.72.

It is simple to say this one, but i recommend for people to hear the truth and even it is scary just invest and then follow the proper way to invest. In forex also there are 2 ways to earn, through passive way or active way. Passive involved investing in pamm account while active means you must trade and manage your own money. Forex surely risky but not as scary as some site portrayed.

I think news is not the part of forex robot, but i have a thought to create it one. I mean that robot will connected to 3-4 or even more economic calendar site and when the news announced the robot will works based on the rules of fundamental analysis. But yes this is just a thought, surely the forex robot is actually implementation of human's technique in more automatic way.

Yes that is right about the risk is always involved even in low risk business it stays there. In long run i am sure it is one who trade with careful manner could survive since they are ready to take the risk but through intelligent way and make sure they obtain more profit then what they lose, they also don't trade when the condition not favor their trading, for example is zig zag movement.

That is why a new technology needed and that is when forex turn into online business and with the help of internet foreign exchange spread is viral. All people can setup their trading account in less than a week and if they want to trade in demo account for the sake of practice they can do that in just few seconds, the process even similar to someone who want to create email account.

As long as the risk controlled i am sure you don't have to much worry even actually you are hit the spot with the earn big and the more risk we have carry. I don't see any point to tell about this all but i think all of us know that foreign exchange is risky and as one of the most notable risky business people must learn first how to handle that risk so it won't hinder us.

We cannot blame them since they are really newbie, but pointing out the fact that they are impatience is really good at least it will tell them the truth that forex also need patience to be able to optimized the risk while reduce the risk which become the important part of foreign exchange itself. I also recommend to be always strict, some newbie i see trader aren't strict and tend to change one strategy to the other in faster way.

Anyone want to trade in a broker which is trustable, having a good regulation, responsive, better server to process the order, and low cost/low spread. But in forex the risk is volatile and high in most cases, to compress the risk to lower level we need to offer more intuitive way to trade. Lower spread broker mainly are ECN or if not DMA brokers, it is quite rare to find the dealing desk one.

Forex is everything? can you elaborate? As far as i know forex is more like either trading, exchanging, or even biggest money game/gambling. The key why it is prone to be gambling or money game is speculation. Nearly all traders do exchanging for the sake of speculation so they hope to gain profit from it as you can see why people see it as something like this.

Well once again i never see anyone who can leave their greed in foreign exchange, the only one who can do that maybe saint or someone who attain enlightment or psychopath . Leave greed surely is better which means we can trade without bias of emotions, but in fact normal traders who trade through fire and flames can only control theirs.

3 factions? You mean Broker as middle man, Investors, and Pamm managers? Well i never think about that but if that is the case then that is a good thinking. All makes profit and happy if only pamm managers perform well. Investor will get their shares, Pamm managers gain trusts and profits, and Broker for sure gain income from spreads from pamm's manager activities.

I agree with you, this is one of the advantage which some people prefer if they want to hire an offline mentors, but what i think here is that offline mentors are better in terms of teaching since we are directly communicate with them without any lag, asking question also become more comfortable, and usually some problems can be solved faster and questions answered faster.

@sidejob Yes, i totally agree with that, the reflection is just like what happened in real account even of course we cannot make much difference with the price movement. Demo account just like lack one thing, the thriller or sensation how it feels to be lose your money, because after all the money we have in our account is nothing but just a bit of programs.

That is depend on EA, i mean the EA which we are using come with different algorithm. I myself don't think that will make you rich, but once you find the best EA for you, it will automatically gives you money but remember EA still human made, it could contain bugs which will gives you nothing but loss. So be careful when you decide to use EA

There are many but one of them is preference and also to make a non bias analysis. I know some people have their own way to think and maybe they can work well with that much indicator because maybe they find out that 2=3 indicators are not enough and could be more bias rather than for example 6- indicators. But for me, 1-2 indicators are fine.

Yes, thanks for the advice but i am sure that my broker which i am using right now doesn't have something like that. Basically make a living with forex involved something called analysis, that is what will give us the prediction which we are trying to impose at our trading so we can decide to sell or buy at that moment.

C'mon i think we have been reached agreement isn't it? This is all about perception, people afraid because of that well in fact what many sites said about forex is fact but that is what makes people afraid. But remember not all afraid to something like forex, as you can imagine this business is getting more popular now.

Hm, to me that is not addiction my friend. Addiction is more than that, if that is what people define as addiction then it means that almost all people in this world addicted to their job because that is what they do in every day basis. While i don't think this is a good idea but overall i must say addiction is matter of personal, and must be consulted if possible.

One noticeable difference that i see in forex robot is that the forex robots don't have any good analysis when it comes to fundamental indicator such as news. I don't know if there is new innovation but so far most of the fx robot based on technical analysis and i never see one with fundamental indicators, and mostly usually crumbling when news released.