Welcome Guest ( Log In | Register )

Bump Topic Topic Closed RSS Feed
126 Pages « < 36 37 38 39 40 > » Bottom

Outline · [ Standard ] · Linear+

 FOREX | v se7en, the market is very SucKy

views
     
bulkbiz
post Mar 29 2010, 01:43 PM

Be Wise
******
Senior Member
1,203 posts

Joined: Dec 2007
From: Bumi Kenyalang, Kuala Lumpur



QUOTE(sayNOtodota @ Mar 29 2010, 01:29 PM)
hi guys if i only want to trade with mini lots, (though i'm 21 i'm not that energetic as thomas..hehe), will 1000usd be too much?

what is the first step that i need to do? go to the bank and open an overseas account?

p.s. GU resistance 1.4936 still holds for me, my view is still bearish but if 1.5 is broken then i'll go long. still holding my shorts.
on demo account. trying to limit my trades to 5 per day and not being greedy and chase trades. still working on it.

hope u all have a good week ahead!
*
Trade 0.1 lot, which is usd0.10 cent per pips. Risking 5%=usd50, so you can risk 500pips for one trade. Well that is for me as a position trader trading daily chart. If your risk pips is lesser, then maybe you can trade bigger lot size. Good luck.
john123x
post Mar 29 2010, 01:47 PM

Look at all my stars!!
*******
Senior Member
3,019 posts

Joined: Oct 2005


QUOTE(sayNOtodota @ Mar 29 2010, 01:29 PM)
hi guys if i only want to trade with mini lots, (though i'm 21 i'm not that energetic as thomas..hehe), will 1000usd be too much?

what is the first step that i need to do? go to the bank and open an overseas account?

p.s. GU resistance 1.4936 still holds for me, my view is still bearish but if 1.5 is broken then i'll go long. still holding my shorts.
on demo account. trying to limit my trades to 5 per day and not being greedy and chase trades. still working on it.

hope u all have a good week ahead!
*
i suggest u demo oanda first. 1000 usd is more than enough, i suggest usd 300.


steps that i take.
1. start demo oanda, while ur r preparing the paperwork, u learn forex first
2. apply for LIVE oanda account, by filling forms
3. go to public bank, open a normal day2day account that got debit card. put money in the debit card.
4. create a paypal account. verify it using ur debit card, will take bout 1-4 weeks to verify as the verify code is at ur monthly statement.
5. fund ur oanda account using paypal (credit card to paypal to oanda).

there u go.

some people say bank wire is not bad, but i DONT recommend. bank wire fee expensive (sending bank charge fee, the receiving bank charge fee).


Added on March 29, 2010, 1:50 pm
QUOTE(Sham903n @ Mar 29 2010, 10:50 AM)
FKLI? my learning fees was RM60,000 for that one.. thats in 1997.. big important lesson "your broker is as clueless as you are, dont bother listening to their inputs" if I had followed my tech analysis.. I would have made half a mill in that trade alone.. plus I have zero money management..
if you wanna become successful in fx, "decide now"..
if you just wanna have fun trading,, this is not the place.. better of go genting or cosmos and ride the roller coaster..
to become a surgeon you need 12years of formal study and another 6 year med school.. and another few years intern..
to become fx trader... there is no set pre requirement.. thats why so many "patient"(account) dies..
after you decide... make "commitment".. have "passion"
some people are born with strong will, some need to work a lot harder to get where they want to be...
with strong commitment & passion you wont dance with "distractions".. you will keep going to your destination.
fx is a business... a serious one....  we can use the numbers how many business failed, 9/10 will fail in the first year.. and the 10 that survive will fail 9/10 in 5 years..
but also remember that you will fail maybe up to 9/10 times before you become successful (provided you learn from your failure)...
*
u buy contract quantity so big, no wonder la.



This post has been edited by john123x: Mar 29 2010, 01:50 PM
kelvin_tan
post Mar 29 2010, 02:51 PM

Passion for Pipping!
*******
Senior Member
3,141 posts

Joined: Nov 2006


@john123x

I will say this to you as I have been told back then. IF YOU CAN MAKE MONEY, the wiring fee is peanuts. In fact, the 5% commission charged by paypal when transferring money back is even worst.

In forex, achieving 100% to 1000% roi within a year is VERY VERY POSSIBLE.. if USD 300 becomes USD1k within a year and u withdraw all of it.. 5% of usd1k = usd 50.. now tell me, which is worst?
john123x
post Mar 29 2010, 03:11 PM

Look at all my stars!!
*******
Senior Member
3,019 posts

Joined: Oct 2005


QUOTE(kelvin_tan @ Mar 29 2010, 02:51 PM)
@john123x

I will say this to you as I have been told back then. IF YOU CAN MAKE MONEY, the wiring fee is peanuts. In fact, the 5% commission charged by paypal when transferring money back is even worst.

In forex, achieving 100% to 1000% roi within a year is VERY VERY POSSIBLE.. if USD 300 becomes USD1k within a year and u withdraw all of it.. 5% of usd1k = usd 50.. now tell me, which is worst?
*
ur right, its not feasible. it shows i have not done enough research despite long research....

This post has been edited by john123x: Mar 29 2010, 03:12 PM
chanlf
post Mar 29 2010, 06:30 PM

New Member
*
Junior Member
38 posts

Joined: Dec 2004
Hi,

I am going to open a live account with alpari uk but they requested for CERTIFIED copy of utilities bill. Any idea how i get this?

Appreciate your help.

rstusa
post Mar 29 2010, 06:48 PM

Regular
******
Senior Member
1,798 posts

Joined: Sep 2004
From: Yuen Long, HK || Seremban || Kuala Lumpur


QUOTE(chanlf @ Mar 29 2010, 07:30 PM)
Hi,

I am going to open a live account with alpari uk but they requested for CERTIFIED copy of utilities bill. Any idea how i get this?

Appreciate your help.
*
You can go to any commissioner for oath in some lawyer firm to let them chop & sign the documents.
Sham903n
post Mar 29 2010, 08:52 PM

Casual
***
Junior Member
491 posts

Joined: Apr 2006
From: KL - KK


QUOTE(skcs1985 @ Mar 28 2010, 07:12 PM)
hi guys,

seen the way u guys trades, would to ask a few question

have u all heard about SRDC1 trades? or 3 abdul trades? or fibonacci trades?
yours demo or live acct bro?
skcs1985
post Mar 29 2010, 08:58 PM

Casual
***
Junior Member
322 posts

Joined: Sep 2006
From: Seri Kembangan; Equine Park



QUOTE(Sham903n @ Mar 29 2010, 08:52 PM)
yours demo or live acct bro?
*
i just learn forex 3 months ago, this is my demo account nia, going live this month

but my team members are all live already, in my team got one guy 70 wins 0 losses ^^
Sham903n
post Mar 29 2010, 09:42 PM

Casual
***
Junior Member
491 posts

Joined: Apr 2006
From: KL - KK


QUOTE(skcs1985 @ Mar 29 2010, 08:58 PM)
i just learn forex 3 months ago, this is my demo account nia, going live this month

but my team members are all live already, in my team got one guy 70 wins 0 losses ^^
*
thats crazy.. not good -later you wont be able to accept losses.. harder to accept cut-loss
skcs1985
post Mar 29 2010, 09:51 PM

Casual
***
Junior Member
322 posts

Joined: Sep 2006
From: Seri Kembangan; Equine Park



QUOTE(Sham903n @ Mar 29 2010, 09:42 PM)
thats crazy..  not good -later you wont be able to accept losses.. harder to accept cut-loss
*
yup i know tat, but we dun go for pips or high earnings, we mainly aim for consistency . if we lose, there will be a reason and we will kena lecture by group members to find out wut mistake i did

anyway everything is orchaestrated, we know the market
bulkbiz
post Mar 29 2010, 11:14 PM

Be Wise
******
Senior Member
1,203 posts

Joined: Dec 2007
From: Bumi Kenyalang, Kuala Lumpur



QUOTE(skcs1985 @ Mar 29 2010, 09:51 PM)
yup i know tat, but we dun go for pips or high earnings, we mainly aim for consistency . if we lose, there will be a reason and we will kena lecture by group members to find out wut mistake i did

anyway everything is orchaestrated, we know the market
*
You don't know the market, as no one can predict the market or beat the market. The correct term is you all trading with an edge, that's all.
skcs1985
post Mar 29 2010, 11:25 PM

Casual
***
Junior Member
322 posts

Joined: Sep 2006
From: Seri Kembangan; Equine Park



normally u guys trade based on news?
SunofaBeach
post Mar 30 2010, 07:35 AM

Casual
***
Junior Member
413 posts

Joined: Jun 2008
From: Bromborough, United Kingdom & Penang, Malaysia


Hi guys , Im new here . . anyone knows where to look for news about GBP drop lately ? hmm.gif
chanlf
post Mar 30 2010, 08:20 AM

New Member
*
Junior Member
38 posts

Joined: Dec 2004
QUOTE(rstusa @ Mar 29 2010, 06:48 PM)
You can go to any commissioner for oath in some lawyer firm to let them chop & sign the documents.
*
Appreciate, but i don't know where i can do it since i am not local to KL. Anyway, i will try to go to HSBC to get them print my statement and see whether they are willing to sign for me or not.


Thanks


heliora
post Mar 30 2010, 09:54 AM

Getting Started
**
Junior Member
55 posts

Joined: Dec 2009
From: Kuala Lumpur


QUOTE(skcs1985 @ Mar 29 2010, 08:58 PM)
i just learn forex 3 months ago, this is my demo account nia, going live this month

but my team members are all live already, in my team got one guy 70 wins 0 losses ^^
*
just curious, what team is this? did you join some forex course and formed some team there?
kelvin_tan
post Mar 30 2010, 10:28 AM

Passion for Pipping!
*******
Senior Member
3,141 posts

Joined: Nov 2006


y is this forum becoming like promoting your forex groups etc etc?


Added on March 30, 2010, 12:04 pmbtw skcs1985 are you from mmu? because ur nick is exactly the same as a dota team member i had previously when we were in competition.

This post has been edited by kelvin_tan: Mar 30 2010, 12:04 PM
kevler
post Mar 30 2010, 12:39 PM

trading in the zone
*******
Senior Member
2,939 posts

Joined: Oct 2004
From: localhost


QUOTE(kelvin_tan @ Mar 30 2010, 10:28 AM)
y is this forum becoming like promoting your forex groups etc etc?
i think he dont want to "makan sorang2" ..he wants to share his green pips to all his associate


@skcs1985 , just joking bro :-) hehe
skcs1985
post Mar 30 2010, 03:36 PM

Casual
***
Junior Member
322 posts

Joined: Sep 2006
From: Seri Kembangan; Equine Park



yup i m from mmu

hehe not trying to show off or wut la, i just hate see-ing ppl losing in trades
u know our money so hard to earn, if u lose it with a click of a button

dam bosong right
kelvin_tan
post Mar 30 2010, 03:59 PM

Passion for Pipping!
*******
Senior Member
3,141 posts

Joined: Nov 2006


hahah skcs... its been a while smile.gif ur into forex also now? lol.. everyone will lose in fx in some point.. but depends on how much u lose... u notice only the newbies keep posting their record here probably to boast or to later recruit u into some trading seminar etc.. u dun see the elites that have been in forex since few years back posting their statements here
skcs1985
post Mar 30 2010, 04:03 PM

Casual
***
Junior Member
322 posts

Joined: Sep 2006
From: Seri Kembangan; Equine Park



yup into forex now, learn my basic from babypips.com

and others from my frens



126 Pages « < 36 37 38 39 40 > » Top
Topic ClosedOptions
 

Change to:
| Lo-Fi Version
0.0633sec    1.04    6 queries    GZIP Disabled
Time is now: 13th December 2025 - 12:57 PM