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Everything posted by Latham Lapard
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This pair has been pretty low, but overall the trend is steady downside. We could expect the pair to pull up, but mostly there is hint for bearish movement. It will be interesting to see how it goes given there are major events lined up this week that includes FOMC Meeting Minutes and NFP.
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This pair was one way traffic, as we saw it dip big time and went down nearly 200/250 pips and eventually closing out at 118.65 level. It is highly likely that we will see similar trend continue due to the uncertainty over the outcome of elections.
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This pair had a mixed week with going higher, but was into neutral trend again. It is likely that we will see similar things coming up next week as well due no major strength in either of the currencies, but there are some serious events like NFP to watch for.
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This pair has taken neutral route with massive spikes throughout the week. The week started brilliantly with pair racing through 1.25 level, but things turned sharply to drop it near 1.23 level, but it has returned to 1.25 level again.
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This pair has taken huge dip throughout the week which all went to do with the Euro not in ideal shape, but the Dollar weakness too is often pulling up to see the pair pushing higher. As we go into next week, it is highly likely that we will see neutral trend.
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The more the better. But guess one needs to control greed so that they don’t lose what they would have earned otherwise. I trade with FreshForex and they provide the right environment to trade profitably. I also don’t take much risk but leverage the excellent trading conditions of my broker together with their forex education, market analytics and trading contests. So it makes for good trading while being in control and regularly earning money. They even have luxuries like 30 USD per article scheme!
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Bonuses are only profitable when they are really useful. Bonuses on deposits must be margin calculated and just not as a top up! Similarly no-deposit bonuses are only useful when there are minimal restrictions on using them. So don’t fall for big bonuses alone but see the credibility of the broker. Some year ago I tried the 100% deposit bonus of HotForex but it did not work as planned as they had too many restrictions on using it rendering it quite useless.
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Painful experience with instaforex
Latham Lapard replied to francmorio's topic in Forex General Discussion
Of course, there would be different servers to take over & balance the traffic and or price feeds! But if they are cheating via this method then you have a case. That being said, selection of a good broker is quite necessary to trade effectively. Earlier I would trade with simply any broker, more so with the one that gave the higher bonuses but that turned out be worst choice as I lost money & time! -
Yes such infrastructure can affect our trading performance especially during when we need it most, say during time of high volatility. Fortunately I am with FreshForex broker who is a true ECN broker and the trade gets executed at lightning speed in a fraction of second with no usual drawbacks like slippages or quoting price error! Then again there are low spreads/commissions and supporting market analytics to trade effectively with good customer.
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Trading can bring in regular money and can even become your full time job. But it is also highly risky and you must be prepared enough! I am working with FreshForex trader and can follow any strategy in the best possible way due to the supporting conditions. For those who don’t want to trade there is this 48% interest on deposit per annum which is a passive income. So there are options galore apart from active trading and affiliate partnership.
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When Did you start your First Trade?
Latham Lapard replied to kiranchandra's topic in Forex General Discussion
Some 4 years ago but around 3 years in a serious way with FreshForex broker as the other brokers I traded with either scammed or shut down. With my present broker I get all my needs fulfilled. I trade often and therefore I find the MegaRebate 2.0 bonus quite useful as they provide rebates upto $20 on all trades, win or loss! Not to mention excellent trading conditions of low spreads and high speed execution along with fast withdrawals. -
Ability to learn and regular work. Rest of the things would fall place accordingly. I trade with FreshForex which serves my need quite well. The near zero spreads with fast execution sends the trade within fraction of second and the pending order also gets executed at right price. There are various useable bonuses like 101% Tradable Bonus which doubles the capital and is margin regulated making way for higher volume based trading. Good customer support and fast withdrawals are really good.
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CHF benefited from the ensuing USD sell-off post FED rate hike and also from the risk-off theme. The range has also become quite tight with not much movement and seems trader are waiting for something better and not taking much higher risk. Usually USD should strengthen on stronger FED hike rate path but traders are not committing too early and trying to understand the full impact of hike pattern and other economic factors.
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A kind of roller-coaster ride but the pair still managed to remain in green positive territory amidst many factors. Traders might try to push the price on the path of least resistance and take it from there. USD might not be favourite for the time being despite FED being on the path of hike but there are other factors too which needs to be taken care of! In my opinion, we would see more of sideways movement before the next big move!
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There seems to be action for both Bulls and Bears for this pair for the past 5 days. So those who were positioned accordingly at the correct time with market would be laughing all the way to bank. That being said, the price moved up and down from the time FED hiked the rate. Further speeches from central bankers and economic releases all pushed the price back & forth! Price might pause for a while before resuming its onward journey to a more favorable level.
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Braving the FED rate hike and still going up is no small mean task considering other factors in play. This might also be due to shorts unwinding or short squeeze/covering. Whatever it might be, the price was on the rise and seems there is still room for the upside though it might stall at a particular level from which there would be consolidation and then wait for further direction. Nothing much to look forward except how the Brexit negotiations plays out at the end of the month.
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Not a bad past 5 days for this pair as it rejected the FED rate hike euphoria and went against the common price action in an anti-climax move. Seems traders were not pretty impressed with FED’s move even though the decision was widely anticipated. There seems to be some uncertainty and everyone seems to be cautious which might limit extreme move on either side! Got to watch for next few days or week to get a proper picture.
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This pair was heading down right throughout the week, but happening around Euro turned the table sharply and we saw the pair pull up rapidly going into1.06 levels, it remains to be seen if this can continue, but for now this looks like a good chance to go for long.
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UJ is picking up quickly with visiting near 115 level, but sharped fast to sit around 114 mark, it is a sort of scenario that could change, but it is unlikely to happen this week as per the events which are lined up ahead.
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Do not ever be satisfied with what we've got
Latham Lapard replied to rizal83's topic in Forex Newbies
Actually not agree with this. I am satisfied with what I have and there is really no reason for me not to be! I get best deals around in the industry under FreshForex which is an established company servicing since last 12/13 years and what more is the ECN setup they have along with the peaceful conditions. -
5 Ways To Make Money From The Markets Without Capital
Latham Lapard replied to analyst75's topic in Forex Newbies
At some stage, it becomes must to make investment; it’s simply out of reach to gain too much without it. So, we got to be ready for investment. I do that but in an extremely careful and sensible way. It’s through FreshForex with their mountain like offers especially the 48% Annum scheme, its GOLD! -
It’s interesting offer that I just saw with 1 dollar signup! Not something you will die for, but still nice way to get going into this mighty field of Forex. I just like the way this broker works coming up with new deals every WEEK!
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I don’t need to go anywhere for the answer, as my broker FreshForex got one such bonus which is up to 101% and is Trade Able. I have never seen a broker of this caliber offer bonus of this range, it’s absolutely rare and yet there are no hidden policy behind it which makes it standout!
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Can no deposit free money help you achieve success on forex ?
Latham Lapard replied to kaito kid's topic in Forex Newbies
It’s very rare that no deposit holds any major value, as it’s seen too often that broker offer it for just attraction and never let us work with it in reality due to the hidden restrictions. I started my career with Nova FX using their 200 USD no deposit bonus, it turned out to be waste with not allowing me to withdraw! -
Why do you think people are scared of investing in forex?
Latham Lapard replied to Levie's topic in Forex Newbies
I often talk to people or even see it on these forums, it’s generally bad past that creates doubts and worries for investment, and it is mostly to do with wrong brokers. So, I believe for such people the fear is justify and it’s hard to remove completely, but maybe if we join up with good broker then we will not fear.