The game only trains ur technical analysis which is RUBBISH in forex if u dont apply fundamentals. Fundamentals are the determinance of where the trend is headed to. Studying economic books allow u to understand that part of fundamentals.

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Added on July 27, 2009, 12:00 amanyway y the change of message gslearning? 9.30pm ur reply wasnt like that.

"I'm sorry I forgot the traders here are all pro. No need to practice sure win every trade." was your reply at 9.30pm.

This post has been edited by kelvin_tan: Jul 27 2009, 12:22 AM

then how would you know how to write in english? have you not been to school and learn before? and about your so-called fx trading course (seriously, i can give free if i'm free), is that not about education as well? even if you talk about technical analysis, you would still need to know when, where and how to apply them. Not all tools can be used everytime. filling your charts like modern art is basically rubbish to me. no one can make sustainable profits in anything without any sound knowledge in that particular field.

The financial market rotates around equities-bonds-commodities, each one of these is already complicated enough, making the forex market even more complicated, since every transaction is made in money.

If there's those EA that ppl claimed to be so god-like out there in the market for sale, do post a 2 year trading history. It's pointless to post a daily, weekly, monthly.

Fundamentals determine the underlying trend. You are not a FX God if you cant predict and forecast accurately the world economy. Playing a game doesn't mean you are ready for live war. Everyday people lose money in FX. Its not a joke.

Then I also dont think trading is same as demo ing a game and winning the game. (if trading was this easy huh? ) if you have done it please tell me.

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Added on July 27, 2009, 10:13 amyou can come here and see my live account.


kelvin_tan, small-jeff and adam :

- market simulator, inspectd.com and other training material is basic tools to improve trader, it is used by hedge fund also. i dont bother say much with what you all are thinking

This post has been edited by gslearning: Jul 27 2009, 10:49 AM

guys may i know how to withdraw money from forex company?

They'll provide you a withdrawal form, signed & submit then wait for your funds transfer within 2-5 business days.

Chiu, then I also can show you my account. You guys slowly enjoy the chatting la, I wanna removed LYN FX thread from my Favourite list d.

@gslearning:

"market simulator, inspectd.com and other training material is basic tools to improve trader, it is used by hedge fund also"

no doubt, i do know that some hedge fund managers use simulators to trade the market. However, i believe your tools or set of indicators are no way near what they use. Unless, of course, your EA could monitor price action of equities, bonds and commodities. Basic tools, in terms of technical analysis, includes RSI, stoch, moving average, etc etc. These only tells you the history of the price action. Also include support and resistant levels, Fibonacci levels, etc etc. Of course, there are candlesticks too. Hedge fund managers dont just buy some sort of EA off the net and trade. They study the market, and develop their own sets of indicators based on the market, and not a particular market's price history.

LOL.....

So did you double your account yet my friend gslearning? Are you the next Soros? LOL...

As jeff mentioned, Hedge funds build their system around fundamentals of the market. If hedge funds use only the websites u provided to train and make themselves better, every single hedge fund would have gone bankrupt as a price of ignoring fundamentals.

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Added on July 27, 2009, 2:51 pmand anyway, y not responding to my earlier post about ur sarcasm? jeff merely stated his opinion and u responded in sarcasm. U cant blame fellow forummers for throwing dirt on u. Jeff has been an elite trader here for quite a while, and ur new here but come acting cocky by posting statements like "I'm sorry I forgot the traders here are all pro. No need to practice sure win every trade".

This post has been edited by kelvin_tan: Jul 27 2009, 02:52 PM

Yala, but that was yesterday where market already reacted, this nikkei up because lots of Asia company announces good results and ppl are expecting the same from Europe and US on the same day. And the surge only occurs at Noon where nikkei already opened for like 5 hours, if its because of US, shouldn't be the surge happens early morning?

on the other hand, technical analysis also claims that fundamental is rubbish ....

@nirukakl
haha ur guess is as good as mine. If not mistaken that was when microsoft, amazon and one more company reported terrible earnings.. and thats when japan market opens also.. microsoft amazon and the one more company reported earnings after US market close.. which is about 5am our time?

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Added on July 27, 2009, 3:23 pm@mtsen
yeap both ways.. thats y we need both to be a successful trader.

This post has been edited by kelvin_tan: Jul 27 2009, 03:23 PM

Ya i remember after US stocks close then only they announce, which always result in what i call "lag effect" which also caused Friday's US trading market under pressure.


As for the Nikkei 1, early that time was pressurized by above event, but before UK trading session opens, ppl start buying on bets that major corporate in UK will post optimist results, but that Microsoft "lag effect" post a greater threat as it reflects software industry as a whole, therefore putting pressure on US market stocks on Friday further pressurize by "Friday" selling by investors who exits position ahead of weekend.

please stop baiting, i have said what you need to do at post #86, those who have read it should just keep quiet. otherwise, maybe its not your day.

This post has been edited by gslearning: Jul 27 2009, 04:29 PM

Any guys here can recommend me any other good forex forum which i can really learn from the expert? How about forex-tsd?

forexfactory.com
forexpeacearmy.com (very resourceful)
sabahforex.com (local, but in malay)

hope it helps

Hi, just want to ask a question here. Does it helps in forex trading by working in any investment bank? What I think is that by working in these banks, it's not only you could earn monthly salary, the job also grants you the opportunity to get up-to-date market information as well as trading knowledge and experience.

Now I'm working in audit firm and I find that the job itself does not really help in gaining knowledge in forex trading at all where the job is repetitive and boring. The workload is also heavy as I barely have time to rest as I have ACCA classes on weekends. I have some savings now and I hope I can invest that in forex to generate income instead of putting in FD in bank which does not even enough to compensate the inflation.

FIFO Solution for IBFX:

35927: i mean if the same pair, 2nd trade i set S/L or T/P, still can?
Client Services 40: That is correct.
35927: with same lot size
Client Services 40: You will not have to change anything in your trading.
Client Services 40: Even with same lot size.
35927: just the FIFO remain?

Client Services 40: At one time we thought this would be an issue but it is not.
Client Services 40: Please understand....
Client Services 40: Our back office process keeps everyone in compliance.
Client Services 40: You will not have to worry about anyting.
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35927: that's mean are not following NFA rule?
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35927: i don't understand
Client Services 40: There is nothing for you to understand.
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Client Services 40: You do not have to change anything.

35927: confirm again, the FIFO will apply on the same pair for the same lot size?
Client Services 40: You still cannot hedge but you do not have to worry about FIFO.
Client Services 40: no.
Client Services 40: You do not need to worry about FIFO.
Client Services 40: We have a resolution in our back office that will take care of this rule.