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 Forex V6

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gslearning
post Sep 30 2009, 03:10 PM

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From: Kuching


QUOTE(x0r @ Sep 30 2009, 12:51 AM)
The problem with today new trader are they think that forex can make them buying ferrari next month, just remember the basic rules of economy "High Gain High Loss",God have made this rules so all have balanced in life biggrin.gif,you can gain 10k in 1 days but you can lose it also in the following day smile.gif,so folks forex,trading are not for the fain heart
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heres one of the real life story my teacher told me when i was at school.

when he was at university days.. theres a long break upon completing the current semester. so all of his classmate went back to their own hometown except one of his friend, so what hes doing is hang at stock exchange everyday for about 3 months. by the time new semester intake is about to begin, and all the students have to come back at uni & study, that guy already bought a house nearby the uni and rent it out to all his uni friend and all of his friend were amazed how he managed to do that.. shocking.gif
gslearning
post Oct 2 2009, 11:01 PM

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From: Kuching


hi guys & gals.. today i've made a big mistake..

im not consider myself as professional yet, however i decided to confess here because i think it will make me feel better.. cry.gif



first of all, i do have my trading rules, but i dunno why this week... it has been kinda pressure for me, i seems cant concentrate and focus enough probably because im having some ache or allergic within my teeth, it is really feeling uneasy and really something like toothache.

i've learn my lesson here, if youre sick or abnormal with your day due from any body parts or something else.. be very careful if you are trading short-term. it would screw up your observation and your 'view' / feeling with the market.


now about the mistake, fortunately i believe this is something still recoverable, the drawdown isnt so big for most of you i believe, (dont bother ask me how much, it less than 5%) but personally.. im having hard time accepting this losses and it is purely from my own mistake. cry.gif

im really disappointed with whats happening to me! cry.gif


now for the trading mindset, i will repeat here to share it with all of you and hope i can feel better after this


Biggest enemy of trader :

- i attempt to expect what market will do for me
- i gambled on demo and this is very dangerous because it is giving you fake confident in making money. DONT EVER GAMBLE doesnt matter youre on demo or live, it WONT HELP YOU to BECOME BETTER TRADER!!!
- with the fake confident, i assumed it could do the same with real account, so i was literally being dishonest with myself and break my own trading rules then enter the market with live account
- im greedy
- i had my ache and its really giving me pressure with trading
- i attempt to revenge the losing trade and my idiot mind starts creating tremendous amount of imaginative ways how to make the money back again. (you all hope dont ever fall into this.. !)
- i start looking for excuse why im losing (instead i refused to accept losses is part of the game)



Hope you all read this carefully and try to remember this when youre in this situation...
gslearning
post Oct 3 2009, 10:00 AM

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From: Kuching


im looking to set up some fx group. this is serious one, we can access to the largest bank directly in the europe, we're able to fund up to 5 million per trader..


criteria - must have been able to trade profitably


contact : 014-8788138 or pm me


*i wondered where is AdamG1981? any other pro here interested?


This post has been edited by gslearning: Oct 3 2009, 10:39 AM
gslearning
post Oct 3 2009, 10:31 AM

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QUOTE(rstusa @ Oct 3 2009, 10:19 AM)
Can you give specific explanation what you mean access to the largest bank?
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its what proprietary firm/hedge fund use, its bank like deustche bank, ubs handle your buy/sell order
gslearning
post Oct 3 2009, 12:32 PM

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QUOTE(rstusa @ Oct 3 2009, 11:59 AM)
Did you mean become an Introducing Broker or Fund Manger and set up a company under a large bank like Barclays Hedge?
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not introducing broker or setting up fund. these require license from bank negara. this is more like proprietary trading firm.

however i wanted to form a group of profitable trader first because only then can set up office, allocate capital from my source. im just doing a favour for him at the moment, hes trader for merrill lynch for many years, currently over 40 years old. now with several partner attempt to facilitate new/experienced trader like us.


about the trading platform, can be MT4, or any other platform. but my source has their own trading platform to connect with, this is the real 1st tier trading environment!
gslearning
post Oct 3 2009, 05:18 PM

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QUOTE(kelvin_tan @ Oct 3 2009, 04:34 PM)
AdamG1981 has left forex for good and moved to options. gslearning if i'm not mistaken to be able to trade for other ppl (using other ppls funds to make money for them) requires CPA at the very least. How are you going to convince the bank to fund 5 million per trader if they dont have cpa but have been trading successfully in fx ?
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of course not 5million in one shot.. can start as low as 10k.. they're experienced trader which is starting their own proprietary trading firm and they accept many people as long as you've got the skills.

regarding the europe bank, the money IS NOT FROM BANK. but my source will be able to give you and facilitate the same setup and feed used by hedge fund/trading firm. here is the direct dealing with bank part, theres no broker needed.

the money are coming from their investor which has done by my source, when they're trader for firm like merrill lynch, they've have already got many clients base and established independent fund company and specifically seeking for talented trader. singapore got several such company as well you know?


if youre interested send me your account statement, and how long you've been trading? tell me about your trading profile as well. pm me for more info


Regards

This post has been edited by gslearning: Oct 3 2009, 07:48 PM
gslearning
post Oct 9 2009, 10:17 AM

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looking for trader manage some money for proprietary company.

criteria : must have been able to trade profitably

- send me your trading statement for those who are interested.
- tell me how long you've been trading
- whats your trading profile
*pm me for more info

Advantage :
- access directly with biggest liquidity provider/bank trading network
- you get the same setup and feed as hedge fund/trading firm
- anonymously post your own bid/offer & access the price of others

screenshot here :

This post has been edited by gslearning: Oct 9 2009, 10:44 AM


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gslearning
post Oct 9 2009, 10:37 AM

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tick chart also available.. drool.gif


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gslearning
post Oct 9 2009, 12:25 PM

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QUOTE(low yat 82 @ Oct 9 2009, 11:42 AM)
drool.gif  drool.gif

good for people like me..lol. too bad, im not qualified n dun hav time for it..lol

cannot add volume as well ka d ticker chart?
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can, but not sure if its useful or not since i dont use it.


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gslearning
post Oct 9 2009, 04:36 PM

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QUOTE(low yat 82 @ Oct 9 2009, 03:22 PM)
wat software u use ? hmm.gif  hmm.gif
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its customized for financial institution only via FIX API with STP.
gslearning
post Oct 9 2009, 05:10 PM

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QUOTE(WhitE LighteR @ Oct 9 2009, 04:50 PM)
i didnt survey all.. but those that i do know.. charge u like 10k per class...

u go there they teach u for a couple of hours what is candlestick, means wut, maybe show u one or two indicators... thts it.

u can get the same thing online for free.

and 10k that u pay is for nothing. because to trade ur own.. u need to know more than just a couple of indicator and readin red or green candlesticks.

u need to know price action, market behaviour, fundamental economics, and so and so...

this is something u cant learn in class unless u are an economic student for 4-5 years. how can u ever match thier level in a single class.

so if u do hav thousand n thousand to invest in. u better put that money into investment firm that knows wut they do. let them built u a portfolio. its not only less stressful. its all more safe.

but in case u dont hav thousands to spare. and only have like hundreds... which of course investment firm wont even look at u. then by all means trade urself.

but the road ahead is bumpy and dangerous. 95% trader dont make it... but if u have the will to learn. then u will succeed. simple as that. and i would like to remind u and all that are new to this. there is no such thing as a sure win indicator.... so dont bother looking. if there is... no poor people in this world liao.
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bro.. as far as i know, in order to join legal fx fund management. you need to have at least US$1million

they have been around more than 10 years, regulated by government, participated by banks and capital guaranteed somemore.
gslearning
post Oct 9 2009, 05:39 PM

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QUOTE(low yat 82 @ Oct 9 2009, 05:26 PM)
FIX API with STP

wat is dat? lolol....
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FIX API is a communication protocol used by bank to deliver those fx price.


STP = Straight Through Processing
gslearning
post Oct 10 2009, 01:28 PM

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QUOTE(rstusa @ Oct 10 2009, 11:24 AM)
gslearning, is it something like that in the attachment?
these are kinda private/ventured out from the bank division fund, capital requirement should be lower. but if you had money, better only invest the fx fund that is within bank's division. not saying those you listed from magazine is not good, but you should know there arent many big fx market share holder in the market.

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