Anyone here using forex broker DUKASCOPY? I need to know more about this broker, if you don't mind pls share with me about your experience with this broker and their trading platform or PM me, thanx!

This post has been edited by rstusa: Jan 28 2010, 09:07 AM

Just curious, what rate of return normally all the sifu here achieved? 10% per month? 10% pa?

Would like to pose a question to you all

"In your own opinion of the below, RANK what is important to you"
(1 Highest & 5 Lowest)


a) Technical Analysis
b) Fundamental Analysis
c) Trading Psychology & Mindset & Emotions
d) Risk Management
e) A Trading Plan
f) Others ... Please write your own

thank you. would love to know what you traders deem is essentially on the top. thank you once again

Short Euro since Monday holding well. Lets see where it closes on Friday.
Euro has dropped a lot since December, starting to get attractive to go long. 1.3800 would be nice to Long~

thank you...you seem well planned ....

Yeah looking at the fundamental behind the dollar, they are no where better than Euro. You just need people to forget the Greece issue and refocus back to USA. But I am not talking about 1.3800 they will be stopping there. One just need this trend to run dry then the next one run opposite direction, it all depends on the fundamental events that noone can predict when it is going to happen.

This post has been edited by billytong: Jan 28 2010, 03:23 PM

The new proposal of 1:10 leverage from CFTC, did they got mention when this new rule will launch & implement in our trading system?

0) A Trading Plan (below is the trading plan, oh also determind which type of trader are you, day trader? position holder?)
1) Trading Psychology & Mindset & Emotions (fear, can kill, like the deer who froze on oncoming car, taking profit early-cutting loss late) (greed, when account is showing good profit, you start to think you are a trading God) (Trauma, when you lose half of your original account, you will become reckless like Rambo-all or nothing)
2) Risk Management (volume adjustment according to margin size, why still trade using $0.01 when its time to use $10)
3) Technical Analysis (entry & exit, like the sea, you have the easy and light current at the top and the stronger current underneath the sea, you need to know whats the prevailing trend, short, medium, long term)
4) Fundamental Analysis (volume adjustment, time to play big, good new/bad news is good news to trader)

This post has been edited by Sham903n: Jan 28 2010, 04:34 PM

Would it be chaos when it implemented? was wondering..

I like what u've just said.

Anybody gt idea about the FOMC today? wat happened? was not with the news recently.. >.<

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Added on January 29, 2010, 12:43 amWhats the percentages they will implement? if they really do so, will our US account be closed?

This post has been edited by Volatile369: Jan 29 2010, 12:44 AM

We won't close the account but the leverage 1:10 will make our account easily margin call. So if CFTC really implement this rule, then must get ready to transfer our account to other country, but still not sure when they'll launch.

ya if they really implement this, i sure switch to UK broker, there still not yet apply NFA rule.

Mostly it wont implement it, 1:10 is too easy MC le

or we have to reduce our pip/cost sooo much that one will need huge amount of money in an acc to make a living. In the end, only the rich can earn more.

Leverage isnt really an issue. I can trade with 1:700 leverage if I want, it is the number of pips it takes to get a person margin call matters and it also depends on how much the person is risking and where he place his SL.

This post has been edited by billytong: Jan 29 2010, 08:51 AM

But if we want to earn more, with leverage 1:700 compare to 1:10, definitely we got the space to open more or larger lot size and the chances to earn more also bigger, if we use 1:10, the margin already used much on our capital, then we can't really open so many lot size in order to earn more. Beside, you said trade with 1:700, are you using IG Markets broker? As i know only this broker provide 1:700 leverage.

NFA's jurisdiction is only for brokers in the US. Does not apply to their branches outside of US. THat is why if and when they implement this rule, it is just a simple procedure to move the accounts from the US branch to their other branches outside of US.

OK OK NO FIGHTING...Let's go back forexing...hahaha

guys, i wanna ask sumting.
im using fxprimus broker, and it only accepts payment from moneybookers.com. so ive sign up and got my credit card verified.
bt the problem is, when i tried to fund my account using cc, they ask me to verify my cc using 'verified by visa' program. one popup came out, later it close itself and nothing happen. suddenly my transaction failed.... anyone can help wut im facing? tqvm

fxprimus also accept normal bank wire/ TT. i think it's better to use that option and cheaper also.

i see. so i can just TT online using maybank2u Foreign Telegraphic Transfer rite?

precisely, although using online banking to do TT will be subjected to your bank maximum allowed sum per day. if transferring large sum of money you'll need to do it over the counter.