I use Instaforex .... no problem with execution .. easy withdrawal too ..

I have a question for all ...

When using Instaforex broker, the Volume is quoted in pip value (MT4) ... which means ... if u input Volume as 1.00 .. that means $1.00 per pip ...

Is this what we call mini-lot ... or micro-lot ?

I wonder what other broker works this way as well ... anyone ?

This post has been edited by luqmanz: Oct 22 2010, 04:35 PM

Take a look at this ..

https://www.ibfx.com.au/Trade/No-Swap-Accounts

Standard account
GBP/USD -$2 -$3

Seems like you will need to pay .. 0.2-0.3 pip per lot per day for position held over the weekend.

This post has been edited by luqmanz: Oct 23 2010, 03:06 PM

Correct .. this is called straddling ....

Hedging is opening both long and short position on the same pair.

I dont think so .... normally players with big money like hedge fund can only get 1:50 or 1:30 max leverage, no matter where they go. Only small fishes like retail traders can get up to 1:1000.

I think USD is going down because the market has begun to realize that some key economic number in US are mostly window dressing ...
Some observer estimated that at least 15% of American dont have a job ... ... but the report does not reflect that clearly ...
those observer must has gone "turun padang" to see the reality by themselves .. lol ...

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Added on October 25, 2010, 10:26 amI agree with this as well ....

If u guys notice ... the second half of the year is when you can see strong bull/bear in any major pair ...

I guess traders are measuring fundamentals on yearly basis ... the closer we are to the end of year .. the more certain traders become of of the currency direction, hence the strong bull/bear towards the end of year ....





This post has been edited by luqmanz: Oct 25 2010, 10:26 AM

That's a good news for Malaysia ..... I loike ...

Regulated by http://www.raufr.org/

My personal experience with this broker ... things like slippage very seldom happen. More importantly, I'm profitable on their platform.
Withdrawal is fast ... technical support is fast ... good response to any enquiries. They have local office in KLCC should you need to see them.
Sometimes I think the technical support personnel are brutally honest. Hahah .. something that you dont find very often nowadays ...

Just use whatever broker that you are comfortable with.

This post has been edited by luqmanz: Oct 30 2010, 04:59 PM

Hallo fellow brother .. how are you doing ... ?

I assume you have developed a good set of trading skills that you dont really need that USD200 ...
Or maybe you are talking about becoming a millionaire as a broker ?

I talked about "broker" because you seems to be excited about that USD200, which is normal for broker/introducing broker.

Btw NFA sucks. No hedging? 1:50 max leverage?. Wth. Better go to Aussie or UK.

In my point of view ... there's only 2 reason why people need regulated broker

1) To make sure the the broker did not cheat u by slippage, requote and any kind of unfair advantage.
- I dont see my broker doing this, because the orders behave the way I want it, and I'm profitable. Execution is flawless. They deliver what they promise.

2) To make sure the money are segregated from brokers account. If the broker went bankrupt, your money is safe.
- This part is mostly overrated. Only a big account can enjoy this kind of protection. Small accounts, even if its said to be segregated are not protected in the event of bankruptcy. Its just marketing. How nice. My broker offer protection for deposit of at least USD 100k. You only need to show the broker proof of your deposit in Swiss bank (account using your name), and the broker gives you credits in trading account.

I will opt for a real segregated account when I have enough capital.

Yup dukascopy is where I want to be one day ..

Because its not worth the trouble if I cant have real segregated account. Need to have more capital. USD 250K

Insta = 100K but you still have to put 30K in broker account and 70K in your own bank.
Dukas = 250K and you can have all your money in bank, not in Dukas account.

Many broker have this option for big accounts.

Yes .. exactly ..

By the way .... the below article is for anyone trading with brokers regulated by CFTC (USA). Be mindful.


http://www.forexfactory.com/showpost.php?p...365&postcount=1

Take my advice.
I think you need to stop touting your profits. That kind of profits is something that experienced traders in here make regularly ..

Btw .. slippage is pure luck

Seriously, you need to stop doing this. It sounds like "wow my father bought me a new shiny Ferrari, I dont use my money at all, its bonus" .. its irritating ... because its just "luck".

Not to mention you sounds like those typical annoying brokers. Maybe you wanna try to avoid using any form of sentence that sounds like "You should open an account with FXCM". There's at least a line that sounds like that in each of your post.

I know you meant no harm. But still ...

Yes .. talking about strategy is more interesting ...

I will share little bit about my technique. Anyone can use these as an addition in their strategy ..

When I place order, its normally stop or limit order ... very seldom market order

1) For stop/limit orders - buy should always be above Daily Open prices .. sell should be lower than Daily Open price.
2) If you wanna buy below Daily Open price make sure the level is an overlap of Fib level and pivot. Same goes when you sell the rallies above Daily Open price.

How to find points to trace Fib .. there are many materials about this on this matter ... LOL .. but most important to understand that not all range/movement are worth tracing ...
Use standard pivots.

If u trade intra-day .. close all position after 11 pm .. liquidity dries up .. never trade if the major market of your pair is not open.

This post has been edited by luqmanz: Nov 2 2010, 12:41 AM

By my definition, open price is around 1 hour after NY is closed (before sydney open). In Malaysia this is around 5-6 am. Check the timezone of your platform and adjust accordingly.

Closing after 11-12 pm M'sia because usually theres low liquidity after NY's lunch hour. Not worth waiting and losing sleep for.

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Added on November 2, 2010, 8:33 amThink of it this way .. market overlap (NY-London) is the climax for GU / EU. What happens after a climax LOL...

Exception ... market can be active if theres news announcement after NY lunch hour. But still not worth losing sleep for (personally speaking).

This post has been edited by luqmanz: Nov 2 2010, 08:34 AM

Yup ... EU is good if you like holding positions ... I have mine at 1.3500 1.3900 and 1.3990 ..
Looking to buy again at 1.4120 ..

here u go ... Weekly Chart

I used to have 2-3 positions at lower prices (cant see em in the chart anymore) ... closed em for 400-500 pips each.


This post has been edited by luqmanz: Nov 5 2010, 11:07 PM


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