Hey Bro all here..wanna ask..how did i start a forex account?capital needed how much?

EU this month up 1000pips....shit, i dint trade daily

rm3.5k robot worth to buy?

Nice .. what other pair do you trade ?

Anybody here achieve 50% per month consistency? kind of wonder is it possible thou..

Hi everyone,

Im very new to Forex & just opened a demo account with FXopen. I dont have much knowledge of Financial world & a lot of question to ask 

I start with a few basic question first:

1. Do you recommend the use of indicators for learning & real trading?

2. Lets say everybody uses Fxopen & somehow everybody profits. Where Fxopen get the money to pay?
    (go easy on me..)

I think thats all for now.

Thanks

mind sharing u use what ways to trade the daily chart ? MA is it ? or just plain SR ?

i got another 10k account which is want to use it for Daily only.....

Yes there are but mostly only scalpers get these kind of numbers and it takes about 3-4 hours per day of trading to do it. Funny thing is most people think of FX as an investment, meaning put in money and hope to get some returns in the future.

NO. FX is not investment. It is TRADING and it takes effort. Like any other goods trading business out there, you are attempting to buy low and sell high to make a profit. The more trades you do, the more profit. Just like any other business out there.

Lets take 20 trading days per month (easy to count). To make 50% per month, you will need 2.5% per day. If each trade you risk 1 percent with SL at 10pips (meaning every 10 pips is 1%), all you need is 25 pips per day to get your 2.5%.

For a scalper, 25 pips is not difficult to get, esp in Malaysia as we get to trade the London/US overlap after work for at least 3-4 hours before we go to bed.

If you can't find 25 pips in 3-4 hours of trading the London/US overlap, then whatever system you are using is not working.

Another person who does not read before replying. You are not trying to be offensive but I do find it offensive when you reply without reading. Read my replies again. Your reply was the joke as I have already stated that it was never meant to be an advise for new traders. This topic is not only for new traders. You do yours long term as you have once said that 250pips SL represent 5% of your equity on each trade whereas scalpers would have 1% on a 10pip stop loss. You maybe holding +700pips but that is only a mere 15% of your equity if we base 250pips SL on 5% as you have stated early. 150 pips would have been the same as your +700pips for any scalper who has 10pips SL of 1% equity.

It's all a numbers game. I'm not here to advise new traders and please show me where did I ever posted that my advise was for new traders. I'm getting tired of this.

The next person who does not read my replies and say that it is not meant for new traders will be given a warning and suspension for 3 days. That is NO JOKE.

An one more thing. Scalping is an advanced trading technique not meant for new traders due to the quick decisions required. Also not recommended for the slow and dim-witted individuals (just in case the next person comes along and say that my reply is a joke and not meant for dim-witted traders).

EVERYBODY CLEAR NOW?

Yes there are but mostly only scalpers get these kind of numbers and it takes about 3-4 hours per day of trading to do it. Funny thing is most people think of FX as an investment, meaning put in money and hope to get some returns in the future.

NO. FX is not investment. It is TRADING and it takes effort. Like any other goods trading business out there, you are attempting to buy low and sell high to make a profit. The more trades you do, the more profit. Just like any other business out there.

Lets take 20 trading days per month (easy to count). To make 50% per month, you will need 2.5% per day. If each trade you risk 1 percent with SL at 10pips (meaning every 10 pips is 1%), all you need is 25 pips per day to get your 2.5%.

For a scalper, 25 pips is not difficult to get, esp in Malaysia as we get to trade the London/US overlap after work for at least 3-4 hours before we go to bed.

If you can't find 25 pips in 3-4 hours of trading the London/US overlap, then whatever system you are using is not working.

AUDUSD downtrend starting? Short to profit 300 pips before uptrend continues again? 

When I lose a trade, it is only 10pips (12 including EU spread) and that is only 1.2% of my equity. I convert scalping into day trading when the opportunity presents itself by moving to BE the moment I make 10pips and then let it run (and locking in profits with jumping stops after that). However, most of the time I would take out profit and immediately go into a reverse trade (keeping in mind that the market moves in micro and mini waves even when it is trending). So sometimes when I'm chasing the market, I can get into a row of losses -12, -12, -12 and then get it right with a +50. Sometimes it's up and down with -5, +15, -12, +10, +13, -2.

It all depends on market conditions. I do not use only technical but I combine it with fundamentals as I try to convert as many scalps into day trading if possible to maximise profit. I use scalping as an entry but not necessary the exit.
DISCLAIMER: Before the next joker comes in and yell "THis is a JOKE", please note that I'm answering a direct question to a member and this is my answer to him and not to every newbie or experienced trader. Don't read this if you don't like it. I'm not asking you to follow. It's just a bloody answer to a question.

Thank you for the post. So if lets say ... after 4 hours of trying ... you are still in the red ... you will just close shop and try again tomorow ? Afterall, after 12 pm .. the market is not so active anymore ...

Come on bulk, each has pros n cons, doesnt mean that long term trading is no longer useful, all depends on trader, im sure if scalpers hv such gud record as 2.5%, they would be the richest person in lyn in no time..

Simple analogy:

Its like sales, if u do more u earn more, if u find prospect more, ur chance of having sales are higher(doenst mean it hit everyperson correctly).. The cons is u hv to do it everyday to achieve such record.. n no time for following up existing customers.

For long term salesperson, they only find gud prospects that can be nurture in the long term, which means jz focusing on quality customers that can giv them long term service..

Bt i found out that, the ones in the first category are mostly ppl who don lead quite a happy life(mostly, not all), coz their energy is putting on hitting sales target. N the second ones are much more happier, coz they tend to achieve balance in their life.

so it still depends which vehicle u like to be in, n capable of being in.. 

what i mean by sales is in a given day, a salesperson wil go out and find, let say 5 customers, among the 5 customers der will only be 2 is a potential ones, the other 3 are not customers (this incur cost as well from phone calls, n driving to customers hse). the illustration is, as a scalper, in 5 trades there will be probably 3 are small loses, d other 2 are medium or if(lucky) big winners. Thats wat im trying to say.

I get ur meaning as well, coz long term is a method too, n is proven. jz a matter of whether the trader wants to use which methods only, and of coz, many great guru traders out there also emphasise on long term, coz it elimiate stress in trading, eliminate many broker fees, hv a balanced life, n better judgement, not to mention not easily being whipsawed. so no hard feelings bro, come back to pros n cons.. 

Hi all, im so interested to learn Forex trading and im have been starting to buy some books and search into site about forex so that i can start to know more about forex and how to play with forex. Any sifu here can teach me what is the 1st step i should do and how?? thanks very much.

About currency wars, do u guys think the world will shift its currency to the renmimbi as their currency of exchange?

Heres a food for thought, i rad Market Wizards by Jack Schwager and found out that the legendary traders only have an annual average return of 40% to 60% per year. So i was thinking if great traders only return that much, how is it us individual traders be more profitable by them by putting a 'goal' of lets say, 100% annual return?

Hey guys!

Just want to know that which broker do you all recommend for a $3000 account.

Do hear from you all soon.