eg gbpchf h4


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Hey guys, my friend recommend me to read a book by Michael Covel on "Trend Following". I have just started reading it and i find it different, just wanted to share this book with you guys then we can discuss on this new strategy.

You can download it from here
http://www.filecrop.com/search.php?w=micha..._r=1&engine_m=1

I think IBFX suitable to you, coz they provide 1:400 leverage means 25usd/lot or Alpari UK 1:500 leverage which is 20usd/lot.

This post has been edited by rstusa: Aug 3 2009, 12:17 AM

I'm with liteforex. Got office in kelantan who handle deposit and withdrawal.

Cannot la, 1 day sure kena 1

yup..he is true...bank negara malaysia regulations..cant take deposit..

guys, anyone trading GBP/JPY aka Guppy?

I think every forex trader trades GBP/JPY.....

This post has been edited by NirukaKL: Aug 3 2009, 12:39 PM

can someone explain to me about this new nfa ruling? regarding the stop loss limit order, the hedging thingy, please.

Special only for IBFX:-


Q. Does FIFO apply to all of my trades?

A. First in / First out applies ONLY to trades of the same size.


Q. Will my Expert Advisor still work?

A. All of your Expert Advisors will continue to work with all of your pre-programmed stops, limits and trailing stops.


Q. Will I still be able to use Stops and Limits, Trailing Stops and Take Profits?

A. Absolutely – With the IBFX solution, you won’t have to make any changes from the way that you are trading currently. No need to make any adjustments to Stops and Limits, Trailing Stops or Take Profits.


Q. Will I still be able to close any of my orders of the same currency pair in any order?

A. Yes, with the IBFX solution, your trading will still be fully functional without any changes to your current trading strategies.


Q. How will this affect my daily statements?

A. Interbank FX Official Statements will come directly from Interbank FX’s proprietary back office system using our FIFO offsetting and accounting procedures. These statements will be accessible through a client’s Web Site Login. You will still be able to pull an Unofficial Trade Journal using the Trade Journal feature within the IBFX website. You will also be able to produce Unofficial Trade Journals using MetaTrader 4 as your Trade Manager.


Q. Does this NFA rule apply to all U.S. based brokers?

A. Yes, this rule affects any broker in the U.S. that is a member of the NFA. Other brokers have attempted different approaches to this new ruling. We at Interbank FX strive to make trading in the forex market as simple as possible for our clients, all the while in full compliance with the NFA.

i long on uj @94.60...i expect to rise at 96.00 tp

Thanks guys for the infos, so just to clarify, this interest is what the broker will be paying to me? Not something that I have to pay them for holding the position overnight right?

On another question, right now I'm still running demos but planning open a live account in the future. Anyone here opening accounts in non-USD denominations? I was thinking to open a GBP or EUR account in case the USD extremely devalue in years down the line. Any advantages or disadvantages by doing this?

For your first question:

It depends on what position you're holding and which direction ie: for GBP/JPY (Not all brokers gives you interest)
Long GBP/JPY = Brokers gives you interest
Short GBP/JPY = You gives broker ineterest


2nd question:

Yes you will have advantage, but it depends on your initial deposit, if its small then dun really bother cause you wont see the difference.....if its big like 10k and above (USD) then you may consider. (If you are planning to have those money in that account for like for a long period)

is it affecting you guys punya trades? or has it not done anything?

No affect at all, remain same on our trading.

close last nite..95.20...tp 60pips

guys, what do you think about EURUSD and GBPUSD this week? Market is looking forward to the interest rates decision on Thursday

EUR and GBP to fall while the dollar slightly recovers .....

EURUSD and GBPUSD not much action today. It's ranging and I'm applying sideways strategy in my automated-trading. Looks like the big boys are busy buying and selling currencies ahead of the big announcement this Thursday. Whichever the market goes, I'll let it tell me later....

Yesterday i TT USD100 to my FXopen account, but today my available amount left USD71.77, so the different is bank charges? why so expensive