why do you say FXDD is the market maker? any broker can detect the SL level of its client (if the client set one).

This post has been edited by cmk96: Jan 12 2010, 04:37 PM

I have been using FXDD for quite some time. I dont have any problems with them, i TT back my money every month and also getting good cash rebates from my trades. To be safe, the money i put in my broker is at a minimum amount just enough for me to trade comfortably.

This post has been edited by jurne: Jan 12 2010, 04:33 PM

thanks z2forex,

actually i use ibfx for demo account.. but pair for GBP/USD in ibfx looks different from other platform.. how to explain this.. comparing with my friends.. ibfx demo seem move 10 pips different for every single pips move in other platform (i dont know how to describe it )

When u trade u have 2 SL on each trade, 2 TP on each trade too.

the reason being having this is 1 SL is set to where that is the maximum amount you willing to loss no matter what. Another is in ur mind, if u know u are in the wrong trade, why bother waiting it to hit ur SL instead of taking it out early? The thing is ur SL is in ur mind.

the one Set on the client is for unexpected events like a Sharp drop 20-100pips or TMnet cut off, or PC crash or power outrage. I wouldnt want to imaging that without SL and I know I am wrong about the market, the market turn against me and then the unexpected event happen just 1-2 sec b4 I can close my position.

It is the same for TP. U cant profit without a TP point. watching the market give u 150pips and then come back down to hit ur SL when ur Tmnet is cutting u off. I would rather set something TP realisticly like 50pips to get something and move it bit by bit if the market keep pushing myway.

FXDD is just an example, FXOPEN, instaforex,ikoforex,ibfx,easyforex and so on so on....they are all market maker, but of course if you can make money with it, everything is fine, I am just giving out my opinion, and the reason I trade longer term chart

Bulkbiz can share your trading strategy using daily charts? What pairs u trade?
I have tried daily charts before, my fav pair is CAD/JPY but only very small lots.

It seems irrelevant of my question above. anyhow, thanks for the tips.

Actually I am just further elaborate what you said. Market maker or ECN is just a different method of broker charging.

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I cant see a reason why people bothering broker trying to hit their SL. I doubt any broker manage to move the market. It is a myth! Name me one major broker that their price feed is >10pips off the actually market price... if a broker is trying to take a trader out from hitting their SL, their price feed should be really off the actual market price.

Just my 2 cents

This post has been edited by billytong: Jan 13 2010, 10:55 AM

Euro still stuck. Dollar index going nowhere. Only trades yesterday was shorting CADJPY and USDJPY.

today so slow

Haha sideways market..

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Added on January 13, 2010, 11:55 amu shorted yesterday? I miss tat.. looking at e/u & g/u only, which is sideways.. >.<

This post has been edited by Volatile369: Jan 13 2010, 11:55 AM

hi guys... really need your advise. i am in the mid of registering my live account with oanda. according to the registration check list i have to give government issued id, copy of utilities and the third is internal revenue service for. this is the part i do not know how to fill up. i choose the form for non us residents which is W-8IMY form... anybody help me please.... thank you

I use driver license and my celcom bill to apply Oanda last time. Now i am still using Oanda to trade non USD pairs like CADJPY, fund and withdraw with paypal.

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Added on January 13, 2010, 12:55 pmEU stuck in a range, can buy near 1.4465 and sell near 1.4540 for the past 2 days. Waiting for it to breakout of this range.
Meanwhile i look at USDJPY and other pairs.

This post has been edited by jurne: Jan 13 2010, 12:56 PM

how about the irs form.... did u submit that also....

No irs form was requested when i register, r u sure it is non-us residents? coz irs mostly stands for US tax filing stuffs..

Maybe is a new registration than last time, not sure. Make sure u read everything carefully before registering..

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Added on January 13, 2010, 1:54 pmOo

Haha Jurne ur 100th post..

This post has been edited by Volatile369: Jan 13 2010, 01:55 PM

I never notice 100th post also. LOL
Last time i register Oanda also no need irs, irs for US resident only.

Does Bookstore have forex tutorial & strategic book ?

LOL

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Added on January 13, 2010, 2:33 pmYes, they have. Just the tag is a little bit pricey..

If you need tutorial you can go to www.fxstreet.com for more details, there they hv such service, but i donno whether they charge anot..

This post has been edited by Volatile369: Jan 13 2010, 02:35 PM

why pay more if u can get basic knowledge from babypips, advance via forexfactory or other source...

but i do had some Ebook for forex, but too thick to read all, learn while trading

Going popular to search the books now ,:wave; not buying it