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Forex Trading Corner, Let's discuss forex strategy

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luqmanz

Feb 21 2007, 07:10 AM

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QUOTE(amenlo9 @ Feb 20 2007, 01:39 AM)

beware of this tunneltrading.many members in forexfactory accused Vegas as a scammer and actually if even Vegas himself also never entry base on his 1HR tunnel.but his tunnel is very good as a TP reference

I think Vegas is a discretionary trader. It's normal for people with experience to discard the signal sometimes. Perhaps the subscribers are hoping too much on the system when actually it's the experience that makes the most money.

QUOTE

is it illegal trading forex from Malaysia? (not using local malaysia forex company)

I don't think it's illegal. It's like running business online without a business license (on Lelong.com.my, Ebay for example). Never heard of anyone getting caught trading online but some people got caught running a forex company without BNM forex license.

This post has been edited by luqmanz: Feb 21 2007, 07:14 AM

amenlo9

Feb 21 2007, 09:48 PM

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Look at all my stars!!

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QUOTE(luqmanz @ Feb 21 2007, 07:10 AM)

I think Vegas is a discretionary trader. It's normal for people with experience to discard the signal sometimes. Perhaps the subscribers are hoping too much on the system when actually it's the experience that makes the most money.
I don't think it's illegal. It's like running business online without a business license (on Lelong.com.my, Ebay for example). Never heard of anyone getting caught trading online but some people got caught running a forex company without BNM forex license.

i am just curious what is the qualification to run a forex company?

i think forex broker is just same as casino,always the big winner

jong52yuara

Feb 21 2007, 10:28 PM

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Forex is the best business you can do.

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Added on February 21, 2007, 10:30 pm

QUOTE(amenlo9 @ Feb 21 2007, 09:48 PM)

i am just curious what is the qualification to run a forex company?

i think forex broker is just same as casino,always the big winner

you cant open forex company in Malaysia, because Bank Negara doesnt want other people to control Ringgit Malaysia..just imagine if BNM want RM1m profit per day, so.. today BNM raise the RM, buy USD and the next day they drop the ringgit value.

now.. since they already bought USD yesterday, they will exchange that usd with ringgit. (it will exchange more ringgit because the rate has drop, actually this is a chance to print more money

)

this is how you called made money out from the 'thin air'. who says Malaysia is poor? BNM is just greedy..

This post has been edited by jong52yuara: Feb 21 2007, 10:31 PM

luqmanz

Feb 22 2007, 08:42 AM

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QUOTE(amenlo9 @ Feb 21 2007, 09:48 PM)

i am just curious what is the qualification to run a forex company?

i think forex broker is just same as casino,always the big winner

You cant's open forex company in M'sia.

Forex brokers are like stock brokers. No matter what happens to their customers, they always make money from commission.

refnulf

Feb 22 2007, 01:18 PM

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It's a new year

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Forex is not easy. Many will lose their money, or their interest because it's something you really need to study and understand. All these strategies, and fast systems you find online. Forget those, trade yourself, find a system that works for you and you'll be fine. It'll probably take a year or two before you start making some serious cash. But that day will come if you are diligent enough.

hunt17

Feb 23 2007, 12:21 PM

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hopefully today's news for euro n gbp is good...

Crazy.SoT.Gila

Feb 23 2007, 10:03 PM

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ilovekyx

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Hmm.. Is it wise to go long on USD/CAD now?

billytong

Feb 24 2007, 03:25 PM

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QUOTE(refnulf @ Feb 22 2007, 01:18 PM)

Forex is not easy. Many will lose their money, or their interest because it's something you really need to study and understand. All these strategies, and fast systems you find online. Forget those, trade yourself, find a system that works for you and you'll be fine. It'll probably take a year or two before you start making some serious cash. But that day will come if you are diligent enough.

Usually it is advisable for a newbie to start with a only 1 currency Pair.

k.incognito

Feb 28 2007, 04:23 AM

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I tried signing up on marketiva. But got myself suspended and then my account deleted. Something to do with my userID "k.incognito" got flagged as "requested".

Kinda retarded methinks.
Any of you had this problem before?

And all i wanted was to have a go at the streamster software.

whtrader

Feb 28 2007, 01:23 PM

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QUOTE(k.incognito @ Feb 28 2007, 04:23 AM)

I tried signing up on marketiva. But got myself suspended and then my account deleted. Something to do with my userID "k.incognito" got flagged as "requested".

Kinda retarded methinks.
Any of you had this problem before?

And all i wanted was to have a go at the streamster software.

Why not give metatrader 4 a go? It is a good software.

k.incognito

Feb 28 2007, 03:23 PM

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Ya am trying that now. From what I gather mt4 slightly more difficult to learn. Streamster was suppose to be noob friendly

mentos

Feb 28 2007, 05:54 PM

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have you sent in your IC and utlity bills?

k.incognito

Feb 28 2007, 08:54 PM

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Forget that! Im not about to give my personal documents to an org that isnt certified by the NFA.

Besides im not a serious trader yet. If i ever want to be a serious trader i would certainly go for oanda as its highly recomended by ppl that i trust.

billytong

Feb 28 2007, 10:36 PM

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QUOTE(k.incognito @ Feb 28 2007, 08:54 PM)

Forget that! Im not about to give my personal documents to an org that isnt certified by the NFA.

Besides im not a serious trader yet. If i ever want to be a serious trader i would certainly go for oanda as its highly recomended by ppl that i trust.

Well I'm a live Oanda trader, manage to grab some small 20 pips profit on EUR/USD rally just now. So far their service is quite ok. Their spread has gone lower now it is 1.2 already. (the website say 1.5 is untrue). But Watch out of the spread widen just now 9.30PM GMT+8 the spread open suddenly to 10.

Lucky my stop loss is way far away. if not it hit I will suffer a 10-15 pips loss. Just watch out their spread. Usually happen @ news announcement time 8-12PM GMT+8.(Our time).

This post has been edited by billytong: Feb 28 2007, 10:37 PM

uniglo

Mar 1 2007, 12:36 PM

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QUOTE(billytong @ Feb 28 2007, 10:36 PM)

Well I'm a live Oanda trader, manage to grab some small 20 pips profit on EUR/USD rally just now. So far their service is quite ok. Their spread has gone lower now it is 1.2 already. (the website say 1.5 is untrue). But Watch out of the spread widen just now 9.30PM GMT+8 the spread open suddenly to 10.

Lucky my stop loss is way far away. if not it hit I will suffer a 10-15 pips loss. Just watch out their spread. Usually happen @ news announcement time 8-12PM GMT+8.(Our time).

I heard about this widening of spread on Oanda quite often. Sometimes it goes to more than 15pips.

I never experienced widening of spreads for a long time already

hunt17

Mar 2 2007, 10:31 PM

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what happen to gbp/usd & usd/jpy?? havent trade for nearly 2 weeks now..

seem like i missed d 'best' part... its hundred of pips decreasing in both pair..

apis

Mar 3 2007, 05:40 AM

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QUOTE(hunt17 @ Mar 2 2007, 10:31 PM)

what happen to gbp/usd & usd/jpy?? havent trade for nearly 2 weeks now..

seem like i missed d 'best' part... its hundred of pips decreasing in both pair..

this pair moving downwards..also eur pair also moving downwards..not a good time to trade..

luqmanz

Mar 3 2007, 04:00 PM

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I'm still short in USD/JPY and GBP/USD. Good time to make profits.

mentos

Mar 3 2007, 05:08 PM

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anyone using EA to trade?

babyk

Mar 3 2007, 05:18 PM

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BANNED 101/100(tm) : Your avatar too sexy

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USD/JPY gone crazy

earn like crazy from there

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