I agree a little with what Adam has to say. Ppl that advertise their EA system and trying to sell the system, if your system works u dont need to sell it as you can earn from it. There's no reason to sell it.

Another part is to those that asks questions please ask useful questions. Not questions like "how to make money?" or "easiest method to buy n sell to make profit".

@jenny03
Oanda is not mt4 based. Its web-based using java. Anyway are you Jenny Teng?

Hey Kelvin and Adam, been reading much about forex stuffs this few days. Read from v.4 to v.6 ... till my eyes blur blur

anyway, I'm still a newbie and have much to learn from you guys. Will be trying out the demo 1st before i go live.

tried the demo already! results isn't great...losing. but at least i catch abit of the whole forex chunk.

btw kelvin, how come each time i short or long, it will be starting negative? or maybe my streamyx connection slow abit ? hmm wonder why it is like that

Not only it calculated the spread ..it adds dunno what. let's say use 0.01 lot, when i click buy or sell, it will start like -0.23. so high.

Probably it went up or down. but can't be as I tried both buy and sell around that range, still turns out to be -ve alot. Sorry for my noobiness.

The spread can be that high?  The difference can be like 50 pts to 40pts... hmm...still much to learn ..

Swap rates are only applicable if you leave your order overnight. Overnight means 5am Malaysian time. You will be given interest for buy orders and charged interest for sell orders. Swap rate is not charged at per second rates.

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Added on August 18, 2009, 11:30 am
That depends on the broker that you use. The broker that I use has controlled spreads and the EURUSD pair is controlled at 1-2 pips with the GPBUSD at 3-4 pips. The spread does not move much as they control it. Some brokers will raise their spread to 20-30 pips, which will eat into your profit.

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Added on August 18, 2009, 11:36 am
You got it the other way around. High spreads happen during peak activities so that the broker can earn more. It also happens during news breaks that would affect the market. If you are a broker, you would encourage more trading during low volume by reducing the spread, not increasing it. When breakout news happens, people will trade and that is the time to increase the spread to earn more for the broker. Do keep in mind that they broker only earns from the spread they charge you since they don't charge commissions for retail traders like us.

Oanda leverage 1:50 max if im not mistaken,

For indicator,try using  stochastic,quite accurate la.

hey guys...u know where can i open a local acc??

Price Action Indicator

Has anyone heard about esatrader.com? They claim to have a system to trade eurusd and proven to be earning. Also, you have to pay Rm600 for it. Anybody has any take on this?

Dear dreams_achiever,

may i know where can i get technical analysis ebooks ? Can PM me any links ?

Thx