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FOREX | v se7en, the market is very SucKy
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luqmanz
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 Jul 28 2010, 03:41 PM
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QUOTE(melthq @ Jul 28 2010, 11:18 AM) and the minimum deposit amount to create an account? also at the rate of 3.6 of buying? I think its the same rate ... minimum is USD 100 i think
Added on July 28, 2010, 3:43 pmQUOTE(wodenus @ Jul 28 2010, 11:28 AM) How would you do forex long term if you have to pay rollover? yea I realize you might actually earn from rollover, but you only usually earn from rollover if you're going in the wrong direction. The rollover would eat up all your profit right? Rollover like in futures? Retail forex dont have that. Maybe u mean swap ? I have no idea bc I opted for no-swap account. This post has been edited by luqmanz: Jul 28 2010, 03:43 PM |
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luqmanz
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Jul 28 2010, 06:34 PM
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QUOTE(wodenus @ Jul 28 2010, 05:54 PM) Rollover and swap are synonymous aren't they? you have a no-swap account? from which broker? and how would they survive if they don't charge swap? Not the same ... http://www.investopedia.com/terms/r/rollover.asphttp://www.investopedia.com/terms/s/swap.aspBroker makes money from the spread. Instaforex and IBFX and has swap-free account. This post has been edited by luqmanz: Jul 28 2010, 06:49 PM |
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luqmanz
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Aug 4 2010, 05:32 PM
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QUOTE(Zen-X @ Aug 4 2010, 12:12 AM) sorry asking izit forex halal for muslim?   Yes halal.  |
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luqmanz
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Aug 5 2010, 09:47 AM
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QUOTE(Zen-X @ Aug 4 2010, 08:15 PM) i played forex some times ago..using marketiva..it is still d same? Choose a swap free broker. Try Instaforex. |
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luqmanz
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Aug 5 2010, 05:02 PM
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luqmanz
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Aug 13 2010, 10:27 AM
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QUOTE(mcko @ Aug 12 2010, 05:42 PM) I've just started reading through this rare and interesting "millipede" thread on Forexfactory, highly recommended to every trader: Building an equity millipedeIt's not a true system per se with your usual entry and exit rules, but more of a profit growth and position management kind of thing. It opened my eyes to long term trading, and gave new meaning to "let your profits run". Any of the senior members here have read it already? Any feedback on how viable it is? It's a great strategy .. Im currently practising it .... I highly recommend this thread to anyone especially those looking for long term strategy which applies the principle ala Warren Buffet and other trading wisdoms.. LOL... That thread is a must read for position traders. Daytraders/Scalpers may not find this thread enticing. I started using this strategy on Tuesday. Heres the current positions this morning. I closed a few trades for 600 pips though on Wednesday. Planning to hold these trades till 1000-3000 pips LOL ... Notice that almost all position have SL at BE.. May close earlier if market condition changes. 
This post has been edited by luqmanz: Aug 13 2010, 10:29 AM |
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luqmanz
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Aug 13 2010, 02:40 PM
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QUOTE(rstusa @ Aug 13 2010, 10:46 AM) Is quite interesting method that I saw you got a way to set those SL to lower than open prices. Setting SL to BE is key. Because many of the positions might be stopped out after a few days (ranging market). |
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luqmanz
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Aug 13 2010, 03:16 PM
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QUOTE(evoangel @ Aug 13 2010, 03:02 PM) What's ur entry time frame u use?? 1 hour?? 15M to look for opportunity to put stop orders... 5M to find oppportunity to move SL to BE ... By the way .. .. this morning I woke up late .. I missed all 4 new buys for my milipede on JPY pairs ... They could have been worth 70 pips each by now ... need more discipline ...  This post has been edited by luqmanz: Aug 13 2010, 03:27 PM |
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luqmanz
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Aug 13 2010, 06:00 PM
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QUOTE(hewtwok @ Aug 13 2010, 05:35 PM)  if your SL hitted and BE, would you reenter should the price fluctuate back to the same price later Nope. If SL hit at BE .. that means the trend had changed. I trade the momentum. Only 1-2 trade max per day per pair ... |
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luqmanz
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Aug 18 2010, 03:13 PM
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QUOTE(Volatile369 @ Aug 18 2010, 02:35 PM) our forum is becoming less and less active recently.. >.< People are busy making money LOL .... |
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luqmanz
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Aug 24 2010, 12:49 PM
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QUOTE(ijamz @ Aug 24 2010, 12:29 PM) 5usd /pip for how much investment? usd 1k-2k? According to my MM ... its around USD 20-25 K |
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luqmanz
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Aug 24 2010, 01:15 PM
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QUOTE(ijamz @ Aug 24 2010, 01:12 PM) sticking to 5%-10% per trade I calculate based on 1% per trade ...
Added on August 24, 2010, 4:56 pmJust wondering ... Any position trader here? Holding positions for weeks ... ? This post has been edited by luqmanz: Aug 24 2010, 04:56 PM |
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luqmanz
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Aug 25 2010, 01:18 PM
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QUOTE(scar_face008 @ Aug 25 2010, 01:15 PM) [attachmentid=1746514] what is this eurjpy H1 forming? is it triangle? looks like it's trying to break resistance. anyone share the same view? My view is ... its going down ... theres many sellers (wicks).. |
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luqmanz
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Aug 31 2010, 09:54 PM
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QUOTE(f4tE @ Aug 31 2010, 03:27 PM) hi i got basic question again, 1) When u trade a currency lets say USD/EURO then u need to use credit card pay the broker to change to USD right. The exchange rate will follow which bank? 2) FOREX is short term trade means very fast buy and sell? WHat if u hold on to your pips until the price go up only sell? 1) It follows the bank that issues your CC. 2) Yes you can, but one day you may suffer too much drawdown which results in margin call. You may lose 100% of your account. But worry not .. there are ways to trade forex long-term (holding position for weeks/months). |
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luqmanz
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Sep 2 2010, 02:14 PM
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Cash advance - withdrawing cash from credit card.
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luqmanz
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Sep 3 2010, 07:36 AM
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QUOTE(kelvin_tan @ Sep 2 2010, 09:36 PM) @jenny03 I find it impossible they do not impose any spread UNLESS they impose a commission / brokerage charge each time you execute a trade. No broker will be stupid enough to offer trading services for free unless they are trying to attract ppl to deposit money with them and run of with it. They do have commission. The commission rate is the same as the spread. The point ? If you need your positions to close/open at the same time and same price .. no-spread is very helpful |
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luqmanz
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Sep 7 2010, 11:24 AM
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QUOTE(purplebuilder @ Sep 7 2010, 11:20 AM) Hi, I was just trading with my demo account yesterday...and find out a column "swap" showing 3.98...may i know what is it? Normally it show only zero... You didnt open swap free account.
Added on September 7, 2010, 11:26 amQUOTE(mpips @ Sep 7 2010, 11:17 AM) Good job.  This post has been edited by luqmanz: Sep 7 2010, 11:26 AM |
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luqmanz
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Sep 7 2010, 11:28 AM
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QUOTE(purplebuilder @ Sep 7 2010, 11:27 AM) Open a new account. Choose Swap-Free. When you hold position overnight, you will pay/receive interest. |
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luqmanz
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Sep 7 2010, 11:34 AM
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QUOTE(rstusa @ Sep 7 2010, 11:29 AM) As I know the broker won't let us open the swap free account, the only exception you provided a religious reason. Just request for swap-free account. I dont think they will ask for proof. Which broker is this ? IBFX ? |
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luqmanz
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Sep 17 2010, 01:40 AM
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QUOTE(kc26 @ Sep 17 2010, 12:19 AM) Tqs What do u mean by "the swap" will kill yr account??  Care to explain>?? Thanks in advance  Get a swap free account from IBFX and others ... |
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