AU UChf, waiting for breakout
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Forex V6
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 Oct 11 2009, 12:50 AM
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Senior Member
2,214 posts Joined: Oct 2007 
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GU UJ, waiting for my ideal entry
AU UChf, waiting for breakout Attached thumbnail(s)
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Oct 11 2009, 11:34 AM
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Senior Member
2,214 posts Joined: Oct 2007
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NzdJpy - macd -ve
GbpChf - triangle Attached thumbnail(s) 
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Oct 11 2009, 02:14 PM
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Senior Member
524 posts Joined: Jan 2003 
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QUOTE(sjz @ Oct 11 2009, 12:14 AM) If some company that offers Forex Training Courses for 3 days and charge RM2,500 then they claim they will monitor our progress from time to time. Scam or no scam, why pay when you can learn (the basics) for free? And at your own pace.Is this type of Forex Training a scam or?? Because i go to their preview, seems quite convincing, they show how they teach ppl to earn US$400++ in hours. Pls give me some comment. Tq  http://www.babypips.com/school/ |
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Oct 11 2009, 02:18 PM
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All Stars
11,954 posts Joined: May 2007 
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no use 1 join seminar.
u beter use tht money buy some indicator. |
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Oct 11 2009, 02:40 PM
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Junior Member
329 posts Joined: Jan 2003
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pls allow me to ask this. hw do u guys do transactions in forex?
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Oct 11 2009, 04:52 PM
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Senior Member
2,949 posts Joined: Apr 2006 
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Guys, got any suggestions which broker has the lowest entry account? I'm looking for anywhere between usd$50 below for studying purpose.
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Oct 11 2009, 05:24 PM
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All Stars
11,954 posts Joined: May 2007
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Oct 11 2009, 08:42 PM
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Senior Member
2,949 posts Joined: Apr 2006
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thanks a bunch!
This post has been edited by funnyTONE: Oct 11 2009, 08:43 PM |
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Oct 11 2009, 10:13 PM
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Junior Member
312 posts Joined: Jul 2006
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Use Oanda!! haha.
There are many brokers that offers a minimum entry of 1 USD. |
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Oct 11 2009, 10:50 PM
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Junior Member
355 posts Joined: Jan 2008 From: 3 titik
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QUOTE(funnyTONE @ Oct 11 2009, 04:52 PM) Guys, got any suggestions which broker has the lowest entry account? I'm looking for anywhere between usd$50 below for studying purpose. fxopen...marketiva.... lot more... |
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Oct 11 2009, 11:13 PM
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Senior Member
1,798 posts Joined: Sep 2004 From: Yuen Long, HK || Seremban || Kuala Lumpur
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QUOTE(funnyTONE @ Oct 11 2009, 05:52 PM) Guys, got any suggestions which broker has the lowest entry account? I'm looking for anywhere between usd$50 below for studying purpose. Try Oanda with $1 capital trade with 1 unit ($0.0001/pip). |
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Oct 12 2009, 10:20 AM
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Staff
5,568 posts Joined: Jan 2003 From: the lack of sleep
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QUOTE(funnyTONE @ Oct 11 2009, 04:52 PM) Guys, got any suggestions which broker has the lowest entry account? I'm looking for anywhere between usd$50 below for studying purpose. You do not need live account for studying purposes. Demo account is enough. Furthermore, if you can make money in demo account, you can duplicate that again in a live account. The only thing that live account can show you is whether your broker is good or not. Some brokers, during peak periods, will requote you when you close your order or server gets so busy you can't open/close orders. This is the LIVE feel that you don't get in DEMO. Everything works in demo, including your stoploss but in LIVE accounts, it is not 100%.SO you don't need a live account for studying. Do it on demo or you'd end up as part of the statistics of 90% percent losers in Forex. Added on October 12, 2009, 10:25 am QUOTE(MNet @ Oct 11 2009, 02:18 PM) no use 1 join seminar. 90% of the people say that and 90% of the people also lose money. Forex is not a game. It's a continuous study. Just like any university and college degrees. You have your top 10% students who graduate and become somebody, while the other 90% graduate with degrees (including those who fail) and end up as nobody. It is the same in forex. It is not just numbers game. If you don't study, you get nothing. u beter use tht money buy some indicator. You don't join seminar just for that 2-3 days. You join for the life long relationship between you and your mentor and also other forex traders that you will meet in follow-up/support classes. Don't join those that offer 3 days and then bye bye. Find those that can support you long term. Added on October 12, 2009, 10:26 am QUOTE(rstusa @ Oct 11 2009, 11:13 PM) Try Oanda with $1 capital trade with 1 unit ($0.0001/pip). The only problem with trading small pip unit is that you don't know how much you can lose. It gives a false sense of security.This post has been edited by sleepwalker: Oct 12 2009, 10:26 AM |
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Oct 12 2009, 01:35 PM
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Junior Member
312 posts Joined: Jul 2006
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Long UJ @ 90.118, hope it goes bullish before it goes down!!
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Oct 12 2009, 03:08 PM
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Staff
5,568 posts Joined: Jan 2003 From: the lack of sleep
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QUOTE(dannyooi_84 @ Oct 12 2009, 01:35 PM) Long UJ @ 90.118, hope it goes bullish before it goes down!! Hope? FOrex is not a game of hope. This is not the lottery where you buy a lottery and HOPE you win. How did you come up with the conclusion that UJ is going to go bullish before it goes down? You don't put in an order and HOPE that it will go up. FOr that, you go to Genting, buy RED and HOPE that the little ball falls into a RED square inside the big round dish. That is how you play with HOPE. |
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Oct 12 2009, 03:17 PM
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Junior Member
312 posts Joined: Jul 2006
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QUOTE(sleepwalker @ Oct 12 2009, 03:08 PM) Hope? FOrex is not a game of hope. This is not the lottery where you buy a lottery and HOPE you win. How did you come up with the conclusion that UJ is going to go bullish before it goes down? You don't put in an order and HOPE that it will go up. FOr that, you go to Genting, buy RED and HOPE that the little ball falls into a RED square inside the big round dish. That is how you play with HOPE. Since the dollar is quite bullish now. Maybe the BOJ decision might drag the pair downwards... What's your opinion bro? Added on October 12, 2009, 3:37 pmclose my UJ long position with some good +ve pips that's it for todayAdded on October 12, 2009, 9:49 pmLooks like EU going to touch 1.4800 soon..hmm UJ went down ...ah.. miss the boat! ahh, didn't expect it to go down so fast.. Shorted EU at 1.4792 This post has been edited by dannyooi_84: Oct 12 2009, 09:50 PM |
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Oct 12 2009, 10:44 PM
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Senior Member
3,158 posts Joined: Dec 2006
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phew...from thursday last week my pips was in negative... glad all closed positive now....
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Oct 12 2009, 10:58 PM
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Junior Member
312 posts Joined: Jul 2006
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which pairs do you trade?
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Oct 12 2009, 11:05 PM
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Staff
5,568 posts Joined: Jan 2003 From: the lack of sleep
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QUOTE(dannyooi_84 @ Oct 12 2009, 03:17 PM) UJ went down ...ah.. miss the boat! ahh, didn't expect it to go down so fast.. Aren't you glad you got out and weren't continuing your hope of it going up? This post has been edited by sleepwalker: Oct 12 2009, 11:07 PM |
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Oct 12 2009, 11:33 PM
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Senior Member
3,158 posts Joined: Dec 2006
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QUOTE(dannyooi_84 @ Oct 12 2009, 10:58 PM) which pairs do you trade? USD/CHF..Added on October 12, 2009, 11:44 pmEUR/JPY can go short now...watch out if it retrace only....REMEMBER SL... This post has been edited by normeck: Oct 12 2009, 11:44 PM |
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Oct 13 2009, 04:06 AM
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Junior Member
364 posts Joined: Jan 2008
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QUOTE(dannyooi_84 @ Oct 9 2009, 04:29 PM) What whitelighter is saying is that you give them gold they give you peanuts. LOLx thanks for the opinion, i actually went to one preview and they charge 2-3k for 2 days course + full support after that , and they will need you to send them daily updates on your trading in demo account for 2-3 months, and after that if ok, they will ask u open live account....I guess he meant that they teach basic stuffs like how to see the chart, indicator and etc. If they can easily earn fortune by certain methods or strategy, they would be jetting off to an island and surfing the wave...with hot babes. haha. Why teach you right? I'm deposit 30usd to trade and at the same time to learn. If I lose all my capital, it is still ok. I treat the 30 as my forex tuition fees. I'm still a newbie and very much noob in forex trading, still learning pips by pips. There are so many sifus around who can guide you. Adam, Kelvin ..Normeck and many more.. Do read back from page 1 or previous versions... all the best bro in discovering forex trading! so just unsure thats why ask sifu opinion here.... Added on October 13, 2009, 4:07 am QUOTE(WhitE LighteR @ Oct 9 2009, 04:50 PM) i didnt survey all.. but those that i do know.. charge u like 10k per class... thanks for the info...i am reading alot online now, theory and stuffs... i just need to do some practical.....u go there they teach u for a couple of hours what is candlestick, means wut, maybe show u one or two indicators... thts it. u can get the same thing online for free. and 10k that u pay is for nothing. because to trade ur own.. u need to know more than just a couple of indicator and readin red or green candlesticks. u need to know price action, market behaviour, fundamental economics, and so and so... this is something u cant learn in class unless u are an economic student for 4-5 years. how can u ever match thier level in a single class. so if u do hav thousand n thousand to invest in. u better put that money into investment firm that knows wut they do. let them built u a portfolio. its not only less stressful. its all more safe. but in case u dont hav thousands to spare. and only have like hundreds... which of course investment firm wont even look at u. then by all means trade urself. but the road ahead is bumpy and dangerous. 95% trader dont make it... but if u have the will to learn. then u will succeed. simple as that. and i would like to remind u and all that are new to this. there is no such thing as a sure win indicator.... so dont bother looking. if there is... no poor people in this world liao. can recommended to open a demo account in which broker? This post has been edited by stratocaster: Oct 13 2009, 04:07 AM |
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