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 FOREX | v se7en, the market is very SucKy

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bulkbiz
post Mar 2 2010, 08:14 AM

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QUOTE(omniknight86 @ Mar 2 2010, 02:38 AM)
i don't know where to start but how to start Forex trading? please provide me a guideline...i.e opening of accounts? installation of software...etc....basically how to kick start a forex trade
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www.babypips.com/school
bulkbiz
post Mar 2 2010, 02:26 PM

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» Click to show Spoiler - click again to hide... «


Hey the interface looks familiar, is it basket trading system by trader101? My friend is using it too, he earn a lot of pips
bulkbiz
post Mar 2 2010, 06:46 PM

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QUOTE(petehor @ Mar 2 2010, 05:27 PM)
its not really a basket .......only 7 pairs in 1 time....
its call kuda system.....
1st stage 100pips per day...
2nd stage 500pips per day

300pips since morning open trade
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Ah I see, but I believed this trading system derived from trader101's basket trading system. They have this indicator to check all the pairs sentiment, 100-500pips is like nuts for them. Highest record according to my friend is 8000 pips in one week during yen collapse. He is trading micro lot.


update: Just googled, yes this system derived from trader101's basket trading system.




This post has been edited by bulkbiz: Mar 2 2010, 06:56 PM
bulkbiz
post Mar 2 2010, 08:44 PM

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QUOTE(victor131490 @ Mar 2 2010, 07:53 PM)
how bout losses?
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Dono, you ask peterhor, I am not interested. But I have a friend using this system.
bulkbiz
post Mar 3 2010, 12:46 PM

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QUOTE(myvi5949 @ Mar 3 2010, 12:36 PM)
Wonder where I can mingle with other Malaysian trader.. I join cariG0ld forum..but there are more people selling affiliate and broker recommendation than real traders.  Many of the member use EA and it looks like they have no idea of money management.. sweat.gif
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I admit I am one of the bullshitter in this forum, like me, people here will not share their trading strategy, or perhaps they don't have one.
bulkbiz
post Mar 5 2010, 09:00 AM

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Attached Image


Big day for day trader and scalper
bulkbiz
post Mar 5 2010, 02:30 PM

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QUOTE(JinXXX @ Mar 5 2010, 12:24 PM)
wonder which pair will the NFP affect.. sometimes its just a dud.. smile.gif

btw.. anybody here is actually MAKING A LIVING OUT OF FX ALONE ???
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I think got 2 here in this forum.
bulkbiz
post Mar 5 2010, 04:33 PM

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QUOTE(JinXXX @ Mar 5 2010, 04:23 PM)
wonder how much they make in order to survive(generally), cause TT-ing the money back would cost alot too smile.gif
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20 bucks also a lot? Kidding me meh
bulkbiz
post Mar 5 2010, 09:14 PM

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QUOTE(Invince_Z @ Mar 5 2010, 08:42 PM)
i guess usd70 is nlthing to them laugh.gif
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That is what I actually mean. I withdraw to Maybank using TT, charge usd20 only. But now withdraw using debit card by ibfx
bulkbiz
post Mar 7 2010, 09:17 PM

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QUOTE(rstusa @ Mar 6 2010, 02:39 PM)
Have you use the debit card before? Since ibfx told us charges only $2.45 per transaction but payoneer there told me they'll charge a 3% per transaction, i'm not sure this statement correct or not as i haven't try using this debit card to do withdrawal.
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Nope I have not withdraw, just got it not long. Will let you know whether payoneer charge or not.
bulkbiz
post Mar 8 2010, 10:36 PM

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QUOTE(Volatile369 @ Mar 8 2010, 06:06 PM)
Not sure, for me as long as it break either up or down of the yellow lines in 1 day chart..
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Good answer, and the best answer is we don't know! No one can predict the trend, just let it be, and follow it once break out.
bulkbiz
post Mar 9 2010, 11:17 AM

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QUOTE(cmk96 @ Mar 9 2010, 09:50 AM)
wah... so young already knew about forex...but hope you are not influenced by all the hype about how fast forex can earn money... many info on the 1st page... "learning" can take years... good luck!
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I wish I know what is forex when I was 19 sad.gif
bulkbiz
post Mar 10 2010, 04:40 PM

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scalping will make you lost your pant one day, just my 2pips LOL
bulkbiz
post Mar 10 2010, 05:42 PM

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I used to be a scalper, very stressful leh
bulkbiz
post Mar 10 2010, 09:11 PM

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put more money into your trading account and scalp it, I will owe you a meal if you can win money.
bulkbiz
post Mar 11 2010, 10:32 AM

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QUOTE(Edition @ Mar 10 2010, 10:36 PM)
Why put more money? Its just a demo account. Monthly target actually is 20% but now its achieved. I will continue to scalp USD. Lets see by the end of the month if I can go through scalping since all of the long term traders are against scalping so much. If the demo account win do I still have my meal? Lol... icon_idea.gif

I just wonder that if my mentor can survived for 3 years in forex and made tons of USD by scalping then why can't I do the same things? I'm not going to brag about my mentor here. I'm just taking things positively! rclxm9.gif
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Demo and real account is totally different dude. You don't believe me? You can try!
bulkbiz
post Mar 11 2010, 11:22 PM

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QUOTE(Edition @ Mar 11 2010, 12:10 PM)
Don't worry dude... I will trade with my real acc once I'm confidence with this new method... Its not demo and real account that makes the difference... Its the trader itself... Think twice... tongue.gif
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Haha, good if you know that. But trust me, once you are very confident and go live, you will lost.
bulkbiz
post Mar 13 2010, 12:01 AM

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QUOTE(Edition @ Mar 12 2010, 02:38 PM)
Thanks for the support Sleep... I understand the risk of trading forex... I will kept in mind what you just mentioned above... smile.gif Also thanks for the THV System thread at FF... I will read through...

I had 5 years experience with forex trading... I'm not totally a newbie... Yes I do agree I'm newbie in SCALPING... Because last time I thought scalping is not profitable where you only scalp 5-10pips per trade.  But now then I realize that actually by scalping one can make a living too... I also believe scalper doesn't measure their profit in pips because what they value is the USD/pip when they are making profit(correct me if I'm wrong)... TP 10pips x 10trade = 100pips/day... Besides it also reduce our risk to stay in the volatile market... I follow a strict money management and TP 4 times/day but I admit that I always overtrading... biggrin.gif Until I'm too bored of trading... But had to admit that trading is bored... Only when you are bored in trading then you can make money...

BTW Sleep, do you mind to tell me which broker do you use for scalping? Because some broker only allow you to take your profit after 2 minutes... If you don't want to reveal your broker here you can PM me... I'm still looking for a nice broker to apply this scalping system...

BTW2, I'm here to learn something new and not arguing about swing trade or scalp trade... Peace... Lol... rclxms.gif
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From your statement and your questions, I doubt you have 5 years of trading experience, even if you do, you are still belong to the 95% by asking questions like "what technique you use? which broker are you using?". You still don't know what is forex, the reality of forex. I am not trying to show off, I am just telling you the truth, the ugly part of forex trading. If you and sleep still don't get it, I got nothing to say, and nothing to loose. Good luck in your trading ya! tsk tsk tsk


bulkbiz
post Mar 13 2010, 12:09 AM

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QUOTE(sleepwalker @ Mar 12 2010, 02:27 PM)
A better example of "But trust me, once you are very confident and go live, you will lost.".. would be like your driving instructor telling you that once you are confident and go drive your own car, you will CRASH!!. It does not win any awards for being 'supportive', does it?
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How can you compare forex trading and driving a car! LOL



This post has been edited by bulkbiz: Mar 13 2010, 12:13 AM
bulkbiz
post Mar 13 2010, 12:29 AM

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Copy and pasted from somewhere which I think is very true:

Attached Image

The 95% forex losers think that the broker is their friend. They think that the broker is so nice to give lots of freebies and incentives to trade....

The 5% forex winners know that all brokers are sharks. Are we saying sharks are bad or evil? No, sharks are not bad or evil. They are just sharks - when they eat you up, they are just doing their job! So, when a shark says to you, "Hey, the water is nice and warm. Jump in!(scalping is allowed and welcomed,see above)"...

There are a lot of ugly truth about forex brokers, you can search from net, which every retail fx traders have to accept, and learn how to avoid e.g. placing SL near to SR level, scalp during news which most traders's SL will be hit and so on, there are more.

Am I against forex trading? NO! I love it.

This post has been edited by bulkbiz: Mar 13 2010, 12:32 AM

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