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firedauz
post Feb 4 2008, 12:26 PM
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V1 --> http://forum.lowyat.net/topic/369676
Continuing our talks and discussion on Forex here.

Welcome to Forex Trading Corner! biggrin.gif

For newcomers asking where to begin, start yourself from:
- Babypips: http://www.babypips.com/
- Forex Factory: http://www.forexfactory.com/forum.php

This post has been edited by firedauz: Apr 25 2008, 02:17 AM
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rstusa
post Feb 4 2008, 12:48 PM
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Ok, start forex talk here now!
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normeck
post Feb 4 2008, 12:59 PM
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reports for this weekend....sharing is caring smile.gif
what is swing trading?>
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whtrader
post Feb 4 2008, 04:55 PM
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QUOTE(normeck @ Feb 4 2008, 12:59 PM)
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reports for this weekend....sharing is caring smile.gif
what is swing trading?>
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Hi dude,

That is live? I don't think you need to learn more about theory if you can trade like that. laugh.gif laugh.gif laugh.gif
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MNet
post Feb 4 2008, 04:59 PM
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Enough of the day bank in 100 pips on GU
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low yat 82
post Feb 4 2008, 05:24 PM
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X-Hardware Lover->X-Clubber->Swing Trader-> TNL Tech.
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QUOTE(normeck @ Feb 4 2008, 12:59 PM)
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reports for this weekend....sharing is caring smile.gif
what is swing trading?>
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nice profit there... ^.^



ai ya.. u ah.. lazy go google tongue.gif

QUOTE
Swing trading sits in the middle of the continuum between day trading and trend following. Swing traders hold a particular stock for a period of time, generally between a few days and two or three weeks, and trade the stock on the basis of its intra-week or intra-month oscillations between optimism and pessimism.


http://en.wikipedia.org/wiki/Swing_trading
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normeck
post Feb 4 2008, 06:02 PM
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QUOTE
That is live? I don't think you need to learn more about theory if you can trade like that.


yes...but my method to risky...
i want to share..but afraid, cannot suit ur trading style...

@lowyat
i still dont under stand la....give me example la....
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Quincy
post Feb 4 2008, 06:18 PM
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QUOTE(normeck @ Feb 4 2008, 06:02 PM)
yes...but my method to risky...
i want to share..but afraid, cannot suit ur trading style...

@lowyat
i still dont under stand la....give me example la....
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It means that you buy/sell particular currency today, and tomorrow, or day after tomorrow, or more than that, then you take profit (tapau if you prefer biggrin.gif ).
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cvcmind3d
post Feb 4 2008, 07:12 PM
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Did'nt know there's a forex thread here blush.gif
Can learn from the sifus!

Normeck,
What broker are you using?Is that a mini or micro account?
I just started using poltekfx broker
Starting to use it as a live practice account because can trade micro lots. 1 pip 10cents.. Still newbie...
They give $25 bonus too if u deposit at least $25.. rclxms.gif

PoltekFX
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woopypooky
post Feb 4 2008, 07:32 PM
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QUOTE(cvcmind3d @ Feb 4 2008, 07:12 PM)
PoltekFX
*


poltekfx is from Belize. seem like a small company. i wonder they have physical office location or not. But the micro lots seem attractive. And they ask people to use Skype to contact them?

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low yat 82
post Feb 4 2008, 08:22 PM
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QUOTE(woopypooky @ Feb 4 2008, 07:32 PM)
poltekfx is from Belize. seem like a small company. i wonder they have physical office location or not. But the micro lots seem attractive. And they ask people to use Skype to contact them?
*




do not trust company located at belize city... alot of scam company open there...


btw, wats wrong wit using skpe? coz ODL use ym wo...
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normeck
post Feb 4 2008, 08:36 PM
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many people says FxOpen is a scam company...when it goes for big amount,..spikes...and poltek i think one its partnership???( dunno la..please check it out..)....

but I'm in Fxopen....after open Live account there, then someone here give info about this company scam...but when i go into their forum, got people say they still can withdraw money..maybe in small amount..hmmm...

then its up to you to choose....

ooo..like that aaa....thats mean im a swing trader!!...hahahah!!....
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low yat 82
post Feb 4 2008, 09:20 PM
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QUOTE(normeck @ Feb 4 2008, 08:36 PM)
many people says FxOpen is a scam company...when it goes for big amount,..spikes...and poltek i think one its partnership???( dunno la..please check it out..)....

but I'm in Fxopen....after open Live account there, then someone here give info about this company scam...but when i go into their forum, got people say they still can withdraw money..maybe in small amount..hmmm...

then its up to you to choose....

ooo..like that aaa....thats mean im a swing trader!!...hahahah!!....
*




bro... kful wit unregulated broker.. but d most important thing is some even dont register !! like north finance.. http://www.ifsc.gov.bz/notices.html
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tuo850
post Feb 4 2008, 09:49 PM
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ooitt..so many broker that doesn't regulated..aiya..so how to choose a broker which allow small/tiny trader aka usd1-usd250, use egold/paypal/ebullion??

can anybody check liteforex.com? izzit also a scam? it has an affiliate office here in kota bharu.
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MNet
post Feb 4 2008, 10:04 PM
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Go for fxtrade.com
can deposit using paypal
min is $1
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Quincy
post Feb 4 2008, 10:20 PM
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QUOTE(MNet @ Feb 4 2008, 10:04 PM)
Go for fxtrade.com
can deposit using paypal
min is $1
*



Im waiting for my Oanda acc to be confirmed, then i can start deposit and trading. biggrin.gif

Edited: Just received my confirmation email from Oanda rclxm9.gif

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normeck
post Feb 5 2008, 09:55 AM
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i just receive verification of my account for deposit and WITHDRAWAL!! smile.gif
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billytong
post Feb 5 2008, 10:42 AM
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QUOTE(Quincy)
here is a different between you and billytong playing without stoploss. From billytong post, considering he can withstand large drawdown, that mean he is using sound money management or he have large capital. Thats why he can trade without using stoploss.

As for me, im using stoploss alright, but not the usual stoploss that most people use. Mostly they are using small stoploss (around 30 pips or so) and is a constant stoploss (every trade set SL to 30 pips.) Mine have large stoploss (or I could say as hardstop) and the value depends on what the market tells me.
*

Yes my friend,you hit the nail head. rclxms.gif and I also agree with you that tight/small SL is bad and really bad.

Last time when I first trading many months ago, whenever i use stoploss, the market seems like to keep hitting my Stoploss then turn around leave you with losses without profit where you suppose to be profit if ur stop loss didnt get hit. mad.gif

Those with small/tight stoploss, you better be careful on the market whipsaws. If you got small capitals, you can trade micro lots, it is the same.

And of cause, a tip here to set your stoploss @ strange numbers if you really want to use stop loss (for example in EU 1.4943, 1.4376, 1.4578.) Try to avoid round numbers or numbers 5, quarter of 100 points ( for ex in EU 1.4800, 1.4570, 1.4665, 1.4775, 1.4625) Check your Fx chart of top/bottoms on each pairs, u often see the market didnt hit those round or numbers 5 and turn around.

for EU, if you watch carefully, they often hit 1.xx04, 1.xx09, 1.xx11, 1.xx19.....22, 28, 33, 67, 74, 88, 98 there are hardly any round or fix numbers. This is just my observations.
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low yat 82
post Feb 5 2008, 11:20 AM
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QUOTE(billytong @ Feb 5 2008, 10:42 AM)
Yes my friend,you hit the nail head.  rclxms.gif and I also agree with you that tight/small SL is bad and really bad.

Last time when I first trading many months ago, whenever i use stoploss, the market seems like to keep hitting my Stoploss then turn around leave you with losses without profit where you suppose to be profit if ur stop loss didnt get hit.  mad.gif 

Those with small/tight stoploss, you better be careful on the market whipsaws. If you got small capitals, you can trade micro lots, it is the same.

And of cause, a tip here to set your stoploss @ strange numbers if you really want to use stop loss (for example in EU 1.4943, 1.4376, 1.4578.) Try to avoid round numbers or numbers 5, quarter of 100 points ( for ex in EU 1.48[b]00, 1.4570, 1.4665, 1.4775, 1.4625) Check your Fx chart of top/bottoms on each pairs, u often see the market didnt hit those round or numbers 5 and turn around.

for EU, if you watch carefully, they often hit 1.xx04, 1.xx09, 1.xx11, 1.xx19.....22, 28, 33, 67, 74, 88, 98 there are hardly any round or fix numbers. This is just my observations.
*
[/B]



now thats wat i call tips smile.gif thumbup.gif
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amenlo9
post Feb 5 2008, 11:36 AM
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QUOTE(tuo850 @ Feb 4 2008, 09:49 PM)
ooitt..so many broker that doesn't regulated..aiya..so how to choose a broker which allow small/tiny trader aka usd1-usd250, use egold/paypal/ebullion??

can anybody check liteforex.com? izzit also a scam? it has an affiliate office here in kota bharu.
*


the only Big and good broker allow low deposit is Oanda.but i know most of you don't like their platform and prefer MT4 biggrin.gif
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