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 Forex V6

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shakiraa
post Aug 11 2009, 11:05 PM

hips dont lie
*****
Senior Member
785 posts

Joined: Mar 2007
From: Kuala Lumpur
Hi all sifus here,

Need some comment from you guys. I know there are some FOREX class conducted everywhere mostly ard 8k for 2-3 day course.

Those ppl claim that their so call "formula" have high probability to make successful trade, maybe at 70-80% success rate.

Can we actually trust those?

As i'm totally a newbie here, have tried to read thru some article and forum but some technical term not really understand, is this FOREX thing about technical knowledge or more on luck like share trading?

Kindly give me some advice. thanks.
shakiraa
post Aug 11 2009, 11:38 PM

hips dont lie
*****
Senior Member
785 posts

Joined: Mar 2007
From: Kuala Lumpur
QUOTE(rstusa @ Aug 11 2009, 11:20 PM)
As for me, i won't take the expensive courses, i'll study myself. I don't believe other ppl said must attend courses only can get real earn in forex trading, because i'm earning now. Just keep learning it for yourself and you'll find one way out, mostly experienced or bad lesson will tell you the meaning.

Out there got a lot EA auto trading is quite good in performance, you just need to study on them to get the best one, remember STUDY is very important, don't be like other newbie so greedy until use an EA without learning at all, you'll still loss money like that. EA is just a car for you but you're the driver, you still need to drive it to move forward.
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Thank you so much bro for the comment. Got you that FOREX is about continuous learning and learn to develop some good strategies to trade.

Just need a clarification, how is FOREX different from share trading? Is this more technical as in a good knowledge in spotting trend will gurantee return? Unlike share trading that it's more or less control by some "influencial" ppl and luck play abit part also.
shakiraa
post Aug 13 2009, 09:03 AM

hips dont lie
*****
Senior Member
785 posts

Joined: Mar 2007
From: Kuala Lumpur
QUOTE(rstusa @ Aug 12 2009, 09:16 AM)
1) HSBC Charges: RM25 for local, USD20 for the intemediary bank (HSBC New York), currency exchange rate CHEAP, best to transfer large amount.

2) Maybank Charges: RM10 for local, USD20 for the intemediary bank, currency exchange rate HIGH, best to transfer small amount.


Added on August 12, 2009, 9:33 am

You can't really depends on indicators, you can use them as your assistant which is not a guarantee winning game. No matter how strong or how knowledgeable of your analysis about those indicators, when the market makers try to manipulate the market in another way, for example your analysis on the trend is uptrend, it will go downtrend because of the MM manipulation. Sometimes news are very important but you can't believe all of it coz some MM will spread fake news to the public and benefited themselves.
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hi bro, thanks for the info. can i say that both FOREX and SHARE trading will be somehow by MM but it will be less for FOREX due to the huge $$$ inside? thanks.
shakiraa
post Aug 14 2009, 10:05 PM

hips dont lie
*****
Senior Member
785 posts

Joined: Mar 2007
From: Kuala Lumpur
Hi all,

Being a newbie, i have tried to read out some forum recomended below. What is the next step that i need to do to learn what currency combination is best to trade, basic strategy on when to buy and when to sell?

thx

www.babypips.com
www.dailyfx.com
www.forexfactory.com - World famous forex forum

shakiraa
post Aug 31 2009, 09:52 PM

hips dont lie
*****
Senior Member
785 posts

Joined: Mar 2007
From: Kuala Lumpur
Hi all,

I have a noob question on fundamental analysis, i have read out a few forum and most recommend to use Forex Factory as a guide, but i'm unsure how to interpret it sad.gif

Let say for today, CAD is "red" -> actual worst then forecast, what does it mean to the USD/CAD pairing, that means it will drop or go up?

thanks.

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