i have a question, what timeframe do u guys usually trade in? and what pair?
do you guys focus on a pair only or you guys trade in multiple pairs at one time?

there are successful traders who focus on certain pairs, some take on all pairs, some trade one timeframe, some take on multiple timeframes.
Like people say, there are millions of ways to make a million dollars in forex. But they are all hard to find.

Last time i also like u, ponder these questions also, what are the best pair to trade... what are the best timeframe...what are the best MM, which are the best broker, what are the best techniques...TA better or fundamentals better. always looking for the best. For every 10 people who said fundamentals are better, there will be 100 people who say TA are better. So its a wild goose chase.
Finally i focus on whats best for me.

This post has been edited by woopypooky: Aug 18 2009, 07:20 PM

Different ppl got different way to trade, why not you just try demo 1st

i am trying this demo with FXDD, and sometimes when i trade for example in the 5min timeframe, when i leave it overnight it closes the trade by itself, and i end up either getting money or losing money, i never closed it nor put a stop loss/limit on it, why does this happen? does FXDD limit to how long a trade can be opened?

I wasn't talking about swap rates. Read properly. I was correcting the fact that he said that "If you short high rate currency against low rate currency, you need to pay interest every seconds for oanda case." He called that a swap rate which is not the case. I was pointing out the fact that swap rates are applicable only when you leave an order open overnight. How it is calculated, that differs from broker to broker and it does not affect how swap rates are applied, just the amount differs.

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Added on August 18, 2009, 7:52 pmYour trade automatically closes when you lose all your free margin. For example if you have USD1000 in your account, you purchase a standard lot of EURUSD at 1.400 for USD700, that leaves USD300 in your account. Since each pip is USD10, once your order loses 30 pips (USD300) your order is closed since you have no free margin left to close. You will be left with USD700 in your account.

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Added on August 18, 2009, 7:54 pmWhen you leave a buy order overnight, you get paid interest. When you leave a sell order, you pay interest.

OK.. times up. 8pm. Time to prepare for US market opening.

This post has been edited by sleepwalker: Aug 18 2009, 07:54 PM

Owh i understand now, i was getting -300pips and i thought i would just leave it overnight hoping that it would go back up, now i know thats not an option..
just got to learn to cut my losses early eh

OK.. times up. 8pm. Time to prepare for US market opening.

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win more pips bro! hehe

Hi,

For all newbies into forex,please heed my advice.I was a noob before.

Before you get into forex,please learn the techniques and terms in forex.

Learn,learn and learn as much as you can before you play real money.

I demo for 3 months,now i enter using real money and i still feel i have a lot to learn.

So please do learn the TECHNIQUES--THIS IS IMPORTANT.

Anyone using Admiral markets trading? They have an office at jalan pinang. K.L.

This post has been edited by adraxx: Aug 19 2009, 03:50 AM

bro, seen like you really new to forex, you MM still

do learn babypips first

then read this

http://www.forexfactory.com/showthread.php?t=39514

very useful

Legally, there are no forex traders in Malaysia. Your account is still based off-shore outside of Malaysia and local companies cannot accept payment. But of course, there are some doing this 'under the table'. The easiest way is still to submit application on our own. It takes 1-2 days to get a live account and 1-2 days to TT the money over. All done online and without having to visit any office.

But there will be some of the IA or IB set up office in Malaysia.

These are still just 'front office' for the brokers. Just like fxopen.com where they have so called local reps but then again, these are just local companies helping people to deposit/fund their fxopen accounts. Still no actual forex brokers in Malaysia yet.

TT can be done at any banks and even online thru maybank2u. There is no need for any people to help transfer fund unless it is a very small amount like USD10.

This post has been edited by sleepwalker: Aug 19 2009, 12:28 PM

thanks for the info, they provide both forex & commodities trading, but too bad read some bad reviews on admiral while googling bout it, guess i have to go to Singapore to look for one (i prefer dealing with 1 which has an office nearby.

lol.. how much money you planning to put? and i guess you must been able to trade profitably before?

Yes, agree! Direct TT to the broker oversea is much more secure.

Ahh.. Singapore... the financial hub of SE Asia. Damn they are 10 years ahead.. sorry.. WE Malaysian's are 10 years behind when it comes to financial systems and policies.

may i ask which indicator really help in FOrex exchange money 3 days i lost already 500 usd ???

No ppl can tell you which indicators is good or bad, both indicators got pros & cons, it is better that you study on the indicator first, see suitable for your trading style or not.

do the opposite and in 3 days you would make 500 usd