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 FOREX | v se7en, the market is very SucKy

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luqmanz
post Jul 2 2010, 09:13 PM

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QUOTE(VinniJeyaa @ Jul 2 2010, 08:41 PM)
ichibawa is better than ichimoku biggrin.gif
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Wut is ichibawa ? sounds like food biggrin.gif
luqmanz
post Jul 5 2010, 11:44 AM

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QUOTE(sleepwalker @ Jul 5 2010, 11:26 AM)
Sounds Japanese? Hmm.. who do you think invented the candlestick charts that we are using now? You got it.. the Japs.
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Candlestick is much easier ... tongue.gif
luqmanz
post Jul 6 2010, 02:00 PM

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QUOTE(evoangel @ Jul 6 2010, 10:57 AM)
and the most important is stay focus on 1 pair when u start. u dun wan to have 3-4 pairs at the same time unless u have time to study it.

yeah i start my trading last time trading 0.01 lot size.. 10cent per pip lol.. but dun underestimate the power of 10cents. i get nett profit of 150usd that month. of course minus all the lossess i made.
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Agree ... you can make good money trading with only one pair. And you will have better focus too.
luqmanz
post Jul 6 2010, 03:29 PM

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QUOTE(Superkian @ Jul 6 2010, 02:47 PM)
start with USD100?if USD100,i can take up for start up the account。But if USD1000,i cant take up to startup my account lo.
u mean GBP/USD and EUR/USD as 1 pair?is these what u mean?
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I recommend trading EURUSD or GBPUSD ... I like GBP better.
Pick one.


USD 100 is enough to start ...


luqmanz
post Jul 6 2010, 04:10 PM

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QUOTE(Superkian @ Jul 6 2010, 04:06 PM)
im also aiming for GBP/USD.
By the way,i thought USD1000 for micro account?
i still dont understand USD100 can start...lolz
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Nowadays you dont need that much capital to start trading. thumbup.gif
USD 100 is good enough. Trade that money until u can make good profit ... thumbup.gif
luqmanz
post Jul 7 2010, 10:12 AM

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QUOTE(dagnarus @ Jul 6 2010, 11:25 PM)
afaik, this is just another bout of correction. I will be tempted to add up to USD longs position. Money management is a must, dont be too greedy with all ins wink.gif
was queueing myself to buy usd/cad @ 1 but tak sampai  shakehead.gif
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How many pairs do u trade ? brows.gif
luqmanz
post Jul 10 2010, 07:35 PM

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To each his own. However, I recommend practising with real money (max USD 100). It took me 3 years to blow that practise account.
luqmanz
post Jul 13 2010, 09:20 AM

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QUOTE(Quinn @ Jul 12 2010, 07:33 PM)
I'd like to introduce a website that allows you to keep track of your trading system & trading plan.

www.meetpips.com

Enjoy. After using for sometime, you will realized that each stop loss triggered is for the same one reason.
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A quote from that site "MOVING AVERAGES are PARAMOUNT! "

Agree 100%. thumbup.gif
luqmanz
post Jul 14 2010, 02:37 PM

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QUOTE(bingozero @ Jul 14 2010, 12:16 PM)
What is the minimum deposit? If USD2000 USD is ok for me, not for USD5000 since I am poor  doh.gif
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Better you practise with small money first. If u cant grow small money ... growing big money is impossible ... sweat.gif

Try with USD200. thumbup.gif

This post has been edited by luqmanz: Jul 14 2010, 02:38 PM
luqmanz
post Jul 14 2010, 02:51 PM

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QUOTE(bingozero @ Jul 14 2010, 02:45 PM)
What I mean is minimum need how USD to open a account?  tongue.gif
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USD 100 is minimum thumbup.gif

Actually you can open with USD 1 ... but how the heck can you trade like that ? tongue.gif
Just open account but cannot do anything ... tongue.gif

This post has been edited by luqmanz: Jul 14 2010, 02:52 PM
luqmanz
post Jul 14 2010, 03:32 PM

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QUOTE(bingozero @ Jul 14 2010, 03:19 PM)
What platform(broker) that accept USD 100 for open an account?
The platform mention by rstusa is that can open with USD 100?  tongue.gif
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I only trust these brokers that allows small account like that (USD200).
Oanda, Alpari, InterbankFX and Instaforex.

This post has been edited by luqmanz: Jul 15 2010, 10:39 AM
luqmanz
post Jul 22 2010, 09:31 AM

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QUOTE(ksp_tech @ Jul 21 2010, 11:59 PM)
leverage (1:500) - can explain more in this?
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The higher the leverage (1:1000 is higher) the less money u need to open a position.
Think of it like a downpayment. Higher leverage, lower downpayment (you can get this downpayment back when you close your position).

E.g
You can open a maximum of USD500,000 position with USD1,000. (1:500)

This post has been edited by luqmanz: Jul 22 2010, 09:32 AM
luqmanz
post Jul 22 2010, 04:14 PM

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QUOTE(forexjr @ Jul 22 2010, 02:19 PM)
i burned my fingers with chf pairs... going to turn to other pair soon
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Have you tried GU or EU ?
luqmanz
post Jul 26 2010, 04:19 PM

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QUOTE(weave @ Jul 26 2010, 03:49 PM)
I want to start playing forex , can anyone recommend me a good broker?
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How much capital, you wanna start ?


luqmanz
post Jul 26 2010, 06:09 PM

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QUOTE(weave @ Jul 26 2010, 04:23 PM)
I only have 100 USD , any reliable broker ? 100 is too low ? And I would really appreciate if the deposit method is via PayPal , thats the only payment processor I got T_T
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I use Instaforex. You can bank-in using Maybank/creditcard.
luqmanz
post Jul 27 2010, 08:18 AM

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QUOTE(skcs1985 @ Jul 27 2010, 01:05 AM)
lately i trade agreesively with a high risk method, not sure it works on u guys or not

when i started to play forex, i used to enter one trade only at a time, so when the price reverse on me, i need to hold the trade till it goes my way again.

so wut i did was, i study the market and tried this, i trick my mind and play the other way around "reverse psychology". I enter a very small trade with a TP 1st, lets say i can play USD2 per pips max. So i enter a very small trade like USD0.50 cents, if the trade goes my way, i harvest that 0.50 trade. If it goes other way round, i lose to around 50-100 pips, but when it reaches or reverse on my fibonacci, i enter another trade with a bigger value lets say USD1.50 per pips.

So others i dun have to explain anymore, its just pipastic ^^
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Both trade in the same direction ?
luqmanz
post Jul 27 2010, 10:28 AM

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QUOTE(fxeturn @ Jul 27 2010, 10:10 AM)
Any James16 fans here?
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Used to be his follower. His method is good but too long term for me ... tongue.gif
luqmanz
post Jul 28 2010, 10:47 AM

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QUOTE(melthq @ Jul 28 2010, 10:36 AM)
which broker provides 1pip = 0.10usd?  laugh.gif
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Instaforex .. Oanda and many more that I dont remember LOL ...


luqmanz
post Jul 28 2010, 10:58 AM

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QUOTE(melthq @ Jul 28 2010, 10:52 AM)
I might think of trying out instaforex, do u know whats the rate of money withdrawal?
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Withdrawal at RM3.6 per USD ....
luqmanz
post Jul 28 2010, 11:07 AM

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QUOTE(melthq @ Jul 28 2010, 11:05 AM)
quite high, whats the service charges?
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No service charge if you withdraw via local broker rep.

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