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 FOREX | v se7en, the market is very SucKy

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bulkbiz
post Oct 16 2010, 10:30 AM

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US broker leverage changed to 1:50 smile.gif
bulkbiz
post Oct 16 2010, 01:06 PM

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QUOTE(low yat 82 @ Oct 16 2010, 11:53 AM)
i thought all these while u were runnin live acc XD
how come no mention FXCM? XD

too bad.. my ODL close shop.. kena buy by FXCM =.=!
*
I am using fxcm during early days.....the platform was so buggy. I prefer MT4 though.


Added on October 16, 2010, 3:05 pmCopy and pasted from book

----------------snip----------------------
1)Trade with an edge. Find a trading strategy that will produce positive returns over the long run.

2)Manage risk. Control risk so that you can continue to trade, or you may not be around for the long run, and then you won't see those positive returns.

3)Be consistent. Execute your plan consistently to achieve the returns.

4)Keep it simple. A simple plan or idea will hold up better over time than a more complex one.

-----------------------------snip-----------------------------------------------------------------------------------------

Do you have above 4? hehehe

This post has been edited by bulkbiz: Oct 16 2010, 03:05 PM
bulkbiz
post Oct 18 2010, 11:23 AM

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QUOTE(rstusa @ Oct 18 2010, 09:23 AM)
I saw most of them are chinese in different months.
*
Anyone of them from Malaysia?
bulkbiz
post Oct 18 2010, 01:30 PM

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QUOTE(billytong @ Oct 18 2010, 11:53 AM)
Actually no, FXCM have this gay sneaky thing that they do.

for example, if u long Euro @ 3890, but the market slip you to 3893, FXCM will give you 3893. But on the same case if you long @ 3890, the market slipped you down to better position 3887. FXCM will still give you 3890. IMO, this is GAY. The same thing they will be doing this when you close your position. They will never give u better "slippage"

and having extra 1pip spread over others might not be much money, but if you are trading 11USD per pips, thats paying RM33 extra each time you open position and then close position for another RM33. and I dont feels like paying extra RM66 for each position I opened/closed. 

And in terms of execution FXCM is not as fast as other broker. Try matching this with Oanda. The major problem with Oanda is they have huge spread during news, just disconnect you during news. Other than that it is pretty same with other broker.
*
This remind me to FXDD, another gay broker. Not only got above issue, on top of it they closed my position even though there are still 6pips away from my SL level. My trading friend also encounter the same issue but his even worse, they didn't close the position when the price hit the TP level, and let the price move against him.
bulkbiz
post Oct 18 2010, 09:13 PM

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QUOTE(tyj82 @ Oct 18 2010, 07:34 PM)
guys really need you help ....

Assuming EUR/USD pair

having leverage 1:400

trading size = 0.01

how much is 1pips in USD.

My calculation tells me it is $0.10

Please tell me this is correct or wrong.

is most broker allow size 0.01 ?
*
Standard account or mini account?


Added on October 18, 2010, 9:21 pm
QUOTE(jurne @ Oct 18 2010, 05:39 PM)
I want to purchase monitor like this or the stand. Any ideas anyone?>?

http://www.tradingcomputers.com/TCarrays.html
*
Do you really need this?

This post has been edited by bulkbiz: Oct 18 2010, 09:21 PM
bulkbiz
post Oct 19 2010, 10:33 AM

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Brokers are all shark
bulkbiz
post Oct 19 2010, 11:26 AM

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QUOTE(tyj82 @ Oct 19 2010, 10:38 AM)
guys really need you help ....

Assuming EUR/USD pair

having leverage 1:400

trading size = 0.01

how much is 1pips in USD.

My calculation tells me it is $0.10

Please tell me this is correct or wrong.

is most broker allow size 0.01 ?

any idea if this is corect on mini account

what is different for micro account ?

I need to get this right before starting real account.

Demo account you can set anything and they just allow it.
*
1)For mini account, 1 lot=usd10,000 position size=usd1 per pip,
since you are trading 0.01 lot=usd100 position size=usd0.01 per pip
(http://www.forex4noobs.com/forex-tools/calculators/pip-value-calculator.php)

In order to get usd0.10 per pip, you should trade 0.1lot instead of 0.01.

2)Depends on your broker, some broker don't support micro account. Please check with your broker whether they support micro account.

3)Micro account allows you to trade as low as usd0.01 per pip.


Others please correct me if I am wrong, thanks.

This post has been edited by bulkbiz: Oct 19 2010, 11:27 AM
bulkbiz
post Oct 19 2010, 01:52 PM

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QUOTE(rstusa @ Oct 19 2010, 01:26 PM)
Both also great brokers. If you want more leverage like 400:1, then go for IBFX.
*
IBFX australia and not IBFX US, hehe.
bulkbiz
post Oct 19 2010, 02:58 PM

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QUOTE(kc26 @ Oct 19 2010, 01:56 PM)
Thanks man..

in terms of funding and withdrawal charges

Which one (Qanda, IBFX aust. and Dukascopy)

has the loweest costs???
*
I am not sure bro, never tried Oanda and Dukascopy. It is free if you use credit card, but I personally prefer Telegraphic Transfer via bank. Interbank charges is about USD20 ++, which is reasonable, small money compared to the profit.
bulkbiz
post Oct 19 2010, 07:59 PM

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QUOTE(tyj82 @ Oct 19 2010, 03:53 PM)
IBFX need certified document.... that annoying.. need to get those document certified at police station
*
Certified at police station?
bulkbiz
post Oct 20 2010, 08:15 AM

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QUOTE(Volatile369 @ Oct 20 2010, 08:06 AM)
Suddenly many people interested in forex.

I suggest go for oanda, put in USD50-100 first, those are 'tuition fees'. which means it will be given in exchange for experience. Later when ur pro in emotion management then only go for bigger brokers..
*
Many people trade forex nowadays, my day job deal a lot with government people and previously bank people. You can always see MT4 chart on their desktop when you walk passing by the cubicle.
bulkbiz
post Oct 20 2010, 10:30 PM

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Depends on your preference, I prefer choosing regulated broker e.g. IBFX
bulkbiz
post Oct 21 2010, 08:41 AM

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About day trading:

http://www.sec.gov/investor/pubs/daytips.htm

http://wallstreetwarzone.com/the-more-you-...-less-you-earn/


But don't worry, because we are not trading stock market but forex.
bulkbiz
post Oct 24 2010, 06:47 PM

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QUOTE(scar_face008 @ Oct 24 2010, 06:17 PM)
rather than straddling, it's called hedging isn't it? buying and selling at the same time to offset the risk. straddling is another startegy, which can be considered as break out stretegy.

anyone know how to wire transfer/western union using cimbclciks? google-ing, but my google-fu isn't good enough.
*
I don't think you can call it hedging, because you are not adding position into existing trade.
bulkbiz
post Oct 30 2010, 02:52 PM

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Thanks to NFA for protecting retail traders, beware of this two brokers(GAIN CAPITAL and IKON), scalper and day trader beware:

http://www.nfa.futures.org/news/newsRel.asp?ArticleID=3676

http://www.nfa.futures.org/news/newsRel.asp?ArticleID=3679


bulkbiz
post Nov 1 2010, 07:55 AM

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QUOTE(wu ming @ Oct 31 2010, 12:27 PM)
Is it true that can be rich with forex just sit at home bang balls move mouse?
*
You wish ..... smile.gif
bulkbiz
post Nov 1 2010, 10:05 AM

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QUOTE(nemoexcel @ Nov 1 2010, 09:55 AM)
LOL... why so ma farn? Some even wants POlice station to certify!! .... our PDRM so free to do that ah? lol ... maybe have to pay kopi $$ to certify,,,,  brows.gif  brows.gif

FXCM dont need to certify anything... Jst scan and attach... I even put watermark on it to prevent copying!!
*
No such thing as police to certify. Just send document they need, such as utility bill, IC. Scan or fax to them.
bulkbiz
post Nov 1 2010, 10:39 AM

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QUOTE(nemoexcel @ Nov 1 2010, 10:28 AM)
dunno leh.... our bro here said so
*
Maybe he special gua, or under age.
bulkbiz
post Nov 1 2010, 03:36 PM

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QUOTE(nemoexcel @ Nov 1 2010, 11:57 AM)
positive/negative... dont care... as long as i get BONUS USD3,400  rclxm9.gif  .. opened that position at 530am tdy.. so can imagine my actual profit  rclxm9.gif

hmmm... isnt that damn good?
*
Hmmm, looking for customer here isn't good....You are making experience traders here laugh, with the way you measure forex success and BOLD the profit. New traders will be excited, good luck to you.
bulkbiz
post Nov 1 2010, 05:59 PM

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QUOTE(marvinben @ Nov 1 2010, 04:53 PM)
Many data for US this week. QE2, friday's NFP, tuesday election(hopes republican win). The market gonna be choppy.
*
Yes, the market is already choppy since last week e.g. EU, ranging between 250pips.

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