Welcome Guest ( Log In | Register )

Bump Topic Topic Closed RSS Feed

Outline · [ Standard ] · Linear+

 FOREX | v se7en, the market is very SucKy

views
     
Volatile369
post Oct 6 2010, 06:12 PM

Getting Started
**
Junior Member
219 posts

Joined: Dec 2009
From: penang
QUOTE(bulkbiz @ Oct 6 2010, 05:34 PM)
That is what I curious about. No losing day, hmmm......

I am not gonna talk about long term anymore, no one interested smile.gif
*
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.. laugh.gif

This post has been edited by Volatile369: Oct 6 2010, 06:23 PM
Volatile369
post Oct 6 2010, 08:30 PM

Getting Started
**
Junior Member
219 posts

Joined: Dec 2009
From: penang
QUOTE(bulkbiz @ Oct 6 2010, 06:30 PM)
Haha, by the way, I just really cannot accept the fact when you all said the more you trade, the more you will profit from the market. You can't compare that with doing sales, really.......I really don't know how you can get that kind of PERSPECTIVE. Believe me, it is not correct, and trust me, it is WRONG.

It is still my personal opinion, you will see the fact in long run, if your trading experience is less than one year, then I can understand.

Just want to add in some more, trading profit is by "magnitude" or how much capital you can put in, not by trading frequency, but take note on the tolerance level that you can handle when you put in more capital.
*
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.. biggrin.gif

This post has been edited by Volatile369: Oct 6 2010, 08:36 PM
Volatile369
post Oct 11 2010, 09:29 AM

Getting Started
**
Junior Member
219 posts

Joined: Dec 2009
From: penang
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?
Volatile369
post Oct 11 2010, 11:39 AM

Getting Started
**
Junior Member
219 posts

Joined: Dec 2009
From: penang
QUOTE(bulkbiz @ Oct 11 2010, 10:10 AM)
That is the ideal/realistic return for any kind of investment. Trade your own system for one year, check your ROI after one year, that is the way to calculate forex trading profit. I suggest you don't calculate by monthly basis.
*
Yea i guess, since even the legendaries done so too..

Added on October 11, 2010, 11:40 am
QUOTE(sleepwalker @ Oct 11 2010, 10:29 AM)
First of all, you need to know what kind of traders there are. We are the small market retail traders in forex. We trade off the exchange with the broker. What we do does not move the market. We can scalp and get our orders fulfilled immediately. Anybody can place a market order and have their order fulfilled in 1 second.

Then there are the big boys. The ones that you see in movies like Wall Street. The ones that move millions within the exchange. For them, they cannot move in and out of the market as fast as we can. Their only choice is to play mid to long term and and most of them place orders with stop orders and not market orders like us. Their orders are places in advance, including their stoploss. That is why when you see the market hit a level where all the stoploss (long sell-stops or short buy-stops) are gathered, it starts moving through them as these orders gets fulfilled without any trader intervention. Their orders cannot be fulfilled within 1 second like ours.

That is why when you average out their numbers, a return of 40% per yer is more than enough for them if you had 100 million invested throughout the year. Keep in mind that the forex market makes 4 trillion in trade per day and if you only moved 100 million in a year, that is actually quite small.
*
Sleepwalker, r u saying that us retail traders had our own pace of accumulating trading profit?

Added on October 11, 2010, 11:42 am
QUOTE(JinXXX @ Oct 11 2010, 11:07 AM)
all and all its a very very very risky moment, apart from that US economy is like LPPL some say its in double dip and say its worst based on data.. and tons of other shit..

*
hahaha..

This post has been edited by Volatile369: Oct 11 2010, 11:44 AM
Volatile369
post Oct 14 2010, 07:29 PM

Getting Started
**
Junior Member
219 posts

Joined: Dec 2009
From: penang
QUOTE(JinXXX @ Oct 14 2010, 04:45 PM)
Dukas ? i thought you need like min 50k or something like that?

IBFX and oanda is still ok
*
Dukascopy now reduce to 1k.. gud broker, bt u nd to wait for its complete confirmation of ur acc for approximately a month or less before u can trade..
Volatile369
post Oct 15 2010, 01:16 PM

Getting Started
**
Junior Member
219 posts

Joined: Dec 2009
From: penang
QUOTE(luqmanz @ Oct 15 2010, 09:17 AM)
What the minimum trading lotsize for Dukas ? They got swap free acc ?

Added on October 15, 2010, 9:21 amI just checked at Dukascopy .... smallest lotsize is  $0.10 per pip (USD deposit)

Added on October 15, 2010, 9:39 amSeems like Dukascopy commission/spread for GU is around 0.5+2.5 pips. That's quite good .. theres an iPhone app as well ...
*
Yea, Dukascopy is great, heard their coming out metatrader, still in beta test..

The only complain about this broker is thier buggy platform, that was months ago, i think they manage to fix d problem.. laugh.gif


Volatile369
post Oct 20 2010, 08:06 AM

Getting Started
**
Junior Member
219 posts

Joined: Dec 2009
From: penang
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..

This post has been edited by Volatile369: Oct 20 2010, 08:12 AM
Volatile369
post Oct 22 2010, 07:14 AM

Getting Started
**
Junior Member
219 posts

Joined: Dec 2009
From: penang
QUOTE(scar_face008 @ Oct 22 2010, 03:41 AM)
most probably no. tried posting a few charts, but not many response. you can try to share though.
*
I think we shud discuss trading strategies more, instead of broker broker broker.. n broker.. icon_rolleyes.gif
Volatile369
post Oct 22 2010, 10:10 AM

Getting Started
**
Junior Member
219 posts

Joined: Dec 2009
From: penang
QUOTE(myvi5949 @ Oct 22 2010, 10:03 AM)
Dont want to bait a flame war but most dont share their analysis here..most holding on to their cards.. since many newcomers come and go asking for broker and stuff, i dont want to mislead others with what i think the price will go.  Thats what forexfactory is for.. and after going through that forum; my personal conclusion is most of the trading systems there is misleading u got everything from cyclical to VSA to ichimoku cloud.  The forum is good for chatting and the calendar is great. But there are so many people in there, 90% traders lose money.
*
Hmm, der is a point der.. nod.gif
Volatile369
post Oct 31 2010, 06:20 PM

Getting Started
**
Junior Member
219 posts

Joined: Dec 2009
From: penang
QUOTE(myvi5949 @ Oct 31 2010, 02:12 PM)
yes.. very easy.  Click and kaching!!!  brows.gif  brows.gif  sweat.gif
*
nw thats a dangerous statement.. blink.gif
Volatile369
post Nov 19 2010, 10:12 AM

Getting Started
**
Junior Member
219 posts

Joined: Dec 2009
From: penang
Lowyat82, hw much is ur risk on this trade?
Volatile369
post Nov 19 2010, 11:06 AM

Getting Started
**
Junior Member
219 posts

Joined: Dec 2009
From: penang
QUOTE(low yat 82 @ Nov 19 2010, 10:56 AM)
tioooo... sudah terbongkarrrrrrrr  cry.gif  cry.gif
*
Lol, so u scalp ur way to 100% return per month? pro.. rclxms.gif
Volatile369
post Nov 19 2010, 11:26 AM

Getting Started
**
Junior Member
219 posts

Joined: Dec 2009
From: penang
Ic, bt to swing trade to achieve that amount is extraordinary, do u put alot of risk on a swing trade as well?
Volatile369
post Nov 19 2010, 12:13 PM

Getting Started
**
Junior Member
219 posts

Joined: Dec 2009
From: penang
Great!
swing master = lowyat 82
position master = bulkbiz
scalp master = skywalker

is the list correct? XD

Volatile369
post Nov 19 2010, 01:22 PM

Getting Started
**
Junior Member
219 posts

Joined: Dec 2009
From: penang
QUOTE(Iron Man85 @ Nov 19 2010, 12:57 PM)
Any recommended trading site for forex newbie to start real trading? icon_question.gif

currently doing demo trading wit meta trade4.
*
trading site as in? education?

education = www.babypips.com

real trading = oanda.com (as in low capital n low leverage trading)
Volatile369
post Nov 19 2010, 07:10 PM

Getting Started
**
Junior Member
219 posts

Joined: Dec 2009
From: penang
QUOTE(low yat 82 @ Nov 19 2010, 04:41 PM)
shud i say this is call double screenin? hehehe
my experience tells me emotion control is more important than anything. well, dats for me smile.gif

dats y i contribute 10% of profit i transfered bc , to church as my appreciation towards God for helpin me to control my emotions
*
That is a good practice.. thumbup.gif

This post has been edited by Volatile369: Nov 19 2010, 07:12 PM
Volatile369
post Nov 22 2010, 10:29 PM

Getting Started
**
Junior Member
219 posts

Joined: Dec 2009
From: penang
it must have took u years to hv that kind of result.. keep it up .. =)
Volatile369
post Nov 24 2010, 06:14 PM

Getting Started
**
Junior Member
219 posts

Joined: Dec 2009
From: penang
QUOTE(luqmanz @ Nov 24 2010, 04:19 PM)
US bank closing on Thursday .. so its gonna be very thin ... hehe
*
Owh I din knw its closing for US banks tmr.. in dec whats the holiday mood besides christmas?
« Next Oldest · Finance, Business and Investment House · Next Newest »
 

4 Pages « < 2 3 4Top
Topic ClosedOptions
 

Change to:
| Lo-Fi Version
 0.0482sec    0.29    7 queries    GZIP Disabled
Time is now: 5th December 2025 - 05:41 AM
All Rights Reserved © 2002- 2025 Vijandren Ramadass (~unite against racism~)
Removal Request
Powered by Invision Power Board © 2025  IPS, Inc.