Thomas, if you can read this thread, please stop trading & cool down. To continue trading even though one has obviously overtraded will only lead to more losses, no matter which financial instrument it is.

i use paypal and public bank debit card.
paypal to oanda using debit card.

He is still freaking trading when his total balance is 190.00!

Thomas created a nice Mt. Everest in his chart. Bullets almost finish, now 0.25 lot, perhaps later 0.1 lot, 0.05 lot?

if his broker didnt lie bout 30% MC rule, he can withstand 615 pips.

not sure if it is right to quote u, but I mean, seriously guys dont bother about the TT charges when they save u 1 pip every trade due to tighter spread

Bulkbiz, in some way u were right about new traders starting a live acc 1st wiv at least a USD100 to trade or lower, c hw goes the psychology, demo sumtimes is not a gd indicator of hw successful a person can succeed later.

I think demo is more to try out new strategy n meantime trade wiv primary strat..

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Added on March 25, 2010, 7:55 pmWow, gud try thomas, another 1000 funded..

This post has been edited by Volatile369: Mar 25 2010, 07:57 PM

my strategy to 20 consecutive wins so far

1. D1 compass
2. H4 compass
3. money management
4. trade entry using SRDC1

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Added on March 25, 2010, 8:00 pm10% formula

90% psychology

This post has been edited by skcs1985: Mar 25 2010, 08:00 PM

u shoulda try to advise the poor guy.... to turn back to the correct path.


i got a feeling, thomas account might be a cent account or a demo account.... i find it hard to believe that he is throwing money away like nothing.... at his peak, 15k MYR, he can get lots of things, he can get girls (sx) and all those big boys toys

This post has been edited by john123x: Mar 25 2010, 08:12 PM

No need. he is young and full with force. he will not listen. thomas, go!! go!! go!! gambate.

previous was real account, current is demo acc, as i am in process funding.

I think advice him is no use, coz he still cant c the picture we trying to convey, i guess let him 吃苦一下(eat bitter first), only he can awake.

Im quoting Mr. Li Ka Shing, the richest man in Hk, who said sumthing very meaningful to youngsters, '年轻人要吃苦', only then they can reap the fruits that is sown by them, meaningfully..

Thomas, I'll let you see my historical trading on 2007. That time I trading with $1k too, just like you open 1 lot per trade. That time i'm target 1.5000 for EU, it went up to 1.49xx I still don't want to take the profit because of my greedy that time, if i taken profit that time, i'm already earned 100%, so ended up it drop like a hell to 1.44xx, this is a lesson for me. Luckily I didn't win that time, if I won, it'll make me loss more in the future, although I loss but I had learned a good lesson that time.

I post this up is because I don't want you to repeat my step, we can't fight the market like this with a large lot size for a small capital. I suggest you to open lot size like 0.01 or 0.02 to use on the live account practice your technical skill 1st or you can choose to practice on demo account.


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Becoming success and rich is a slow process, it takes effort, slowly la thomas, much more opportunity still, ur still young, u gt to grasp this concept before its too late..

Look rstusa already show u his previous trade, c how identical, we r not trying to discourage u to earn big, bt the statistic is too phenomenal..

If u had rad before the late Jesse Livermore bio, a legendary trader, his style is almost similar to urs, yea, he earned big, bt that was his era of trading, after SEC rule came out, he lost most of his investment, todays trading world is not like tat adi, u gt to learn, we r not information insiders, we trade according to past results, still nd mm n stuff..

I jz wanna ask, u don seem to feel anything, after so much margin call, is it worth it? to loss all like tat n continue the battle?

Not everyone can treat demo account as real account. Most of them says can, but in fact they cannot.

Unless you already equip with correct mindset, otherwise trading in demo is useless IMHO.

Yes, you can do that. In fact I use all 6, both SMA and EMA at 5, 20 and 60. It gives a good indication of possible breakout when they all bunch together, show breakout when they fan out and then indicates the end of a trend when they start to bunch up again. Very much like bolinger bands and macd but all these done using simple and exponential lines on top of the price action itself.

Bernanke Speech and Schedule for EU Leaders Meeting

This morning at 10:00am NY Time, Fed Chairman Ben Bernanke will take the podium tomorrow for his rescheduled hearing on exit strategies. When and how the U.S. central bank plans to remove stimulus is one of the biggest questions facing the financial markets right now and hopefully Bernanke can provide some answers.

With many liquidity facilities in the process of being terminated and asset purchases coming to an end, everyone wants to know what the Fed will do next. One of their options is to further increase the discount rate – if you recall, last week there was a rumor floating around about a surprise discount rate hike. That never occurred but Bernanke could use tomorrow’s speech to telegraph another increase with the goal of further narrowing the spread between the discount rate and the Fed funds rate. Bernanke could also talk about reverse repos that would drain reserves from the financial system, the possibility of creating term deposit facilities for banks or selling assets outright. If Bernanke hints at utilizing any of these tools, it could provide a further boost to the U.S. dollar.

Meanwhile, EU leaders have begun their much awaited summit and euro traders will be sitting at the edge of their seats waiting for any breaking developments. Yesterday, there were reports that Germany and France both agree the IMF should get involved and today, it has become increasingly clear that Germany wants to minimize their own involvement as much as possible. Here is the schedule for the EU leaders meeting, a press conference is expected later today:

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Added on March 25, 2010, 9:50 pmThanx for the idea!


This post has been edited by rstusa: Mar 25 2010, 09:50 PM

https://fxtrade.oanda.com/your_account/fxtr.../withdraw_funds
are you sure we're looking at the same page? it's clearly stated there that there's a bank wire first withdrawal fee in the table and 15 bucks more for second withdrawal onwards

whether it's oanda that's charging or oanda's bank it doesn't matter, there is a withdrawal charge on the first time already, and i'd think the local banks would have another charge

good lord... heliora then show me which broker does not charge you wiring fee.. the TT charges is the charges done by the BANK TO WIRE UR MONEY BACK HERE ! oanda does not charge you any fees for transferring money. TT charges is STANDARD PROCEDURE for banks to wire money.

There are some brokers that charge the wiring fee and ALSO A TRANSACTION FEE (forex.com if not mistaken and a few others). what you are stating is oanda is sucking part of your money when it is actually wiring fee charges which is incurred when u wire money ANYWHERE at ANYBANK even in malaysia.

i'm sure someone at the summit will bring greece debt to attention.


Thomas: pls treat demo as real as possible. even, if possible, cry if u lose money. n pls trade only lot size of 0.05 max. make 0.50 total as max for each buy or sell

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Added on March 26, 2010, 12:39 amdem markel, what a sudden change of mind. he should just say eu should just kick greece out of eu for causing such burden

This post has been edited by Invince_Z: Mar 26 2010, 12:39 AM