Ohh then it must be the brokerage. Becos all the while when on demo i would just get few pips/bucks then sell. lol, me newbie so better dun put there too long. Hmm guess i am buying too much micro lots or having high leverage oso. Gonna do more demo and adjust my lots/leverage before put in some real money in.


Yeah at first i was thinking it would be the same. hmm guess it is the spread that make me loss. everytime i made a trade, i already saw like 10 bucks negative in p/l. lol, i tot i was slow in executing orders. lol

or u just want to scalp using his recommended trades


his trades has very high roi chances. as far as i can recall, all his posting hit.


true..true..now where is thomas? we miss u

since i got time now, i describe in detail.

if u notice, for each currency pair, there got bid and ask price. the difference between both price is the spread.

for long position, u open the order using the ask price and close it using the bid price.
for short position, u open the order using the bid price, and close the order using the ask price.

example: eurusd bid= 1.3504 , ask= 1.3506
spread is 2 pips, means for each order, i start the position with -2 pips.

if u open a long position and close it immediately. u open at 1.3506 and close it at 1.3504, lose 2 pips already

wah oanda give GJ 2.7 spread ahhh..mmmm sedapnya

Demm..Insta give 7. Is that 2.7 fix even on news?

oanda is comitted to providing the lowest spread possible. For instants I havent met another broket that offers less than oanda for E/U (0.9 pips) with exception of dukascopy? but dukascopy requires a minimum of USD50k deposit to start.

But during news time the spread increases.. but only for a minute or two..

hello,

i am zero knowledge in forex.Just wanna ask how is the technical analysis. is there any fundamental analysis?

japanese candlestick, channel uptrend, downtrend, support,resistance, moving average, chart reversal pattern, bersih trend,bullish trend,money management,cut losses,entry and exit strategy, trading plan..is similar in playing stock market?

Hi imax80.. teach me SAP and i teach u fx hahaha

Anyway fx is quite different from stock market. Stock market is microecons while fx is macroecons.. technical analysis applies in fx also but fundamentals determine where it goes.

try going babypips.com for basic 1st

don't ever go for instaforex Malaysia i encounter worst CS unbelievable with such attitude i intend to ask a question all i got was i got scolded LOL

P.S sry for my bad English hehe ^.^

tq for headsup!

heheh..you also in SAP field? i just wanna ask if the technical analysis in stock market can be apply in FOREX trading

Same concept. They all use the same candlestick concepts, fibs, resistance, support, etc etc. You just need to know how worldwide events affect the currency pairs. In-fact, the theory of the indicators are the same and some books have a title like 'Trading with candlesticks' for forex, stocks and options. It uses all 3 as examples, hence the theory would be very similar.

thank you sleepwalker..then it make my study easier since i already know the technical analysis.

ops GJ just hit fibo

Wow.. a statement like that without the fibo percentage hit and the fibo range is as good as a Playboy Magazine without any naked women in it.

sorry boss here's my playboy magazine with my naked lady inside!

aiyo bro.. that bad ah... ah well... im already there... later when I reach us50k i move la... but other using 5digit... calculation problem..

kevler: if i may ask, elliot wave 1-5 can be used on both bull and bear is it?





both quote kinda contradicting one another.

top one said 1-5 only bull. A-C for bear.

bottom said 1-5 and A-C can be applied on both bull or bear depending on main trend iinm.

so which one is correct?

my comment below is based on my attachment





This quote is correct for 5-3 waves , as displayed


This quote also correct for 5-3 waves . If you can see corrective wave ABC in circles , each movement in wave A-B will label wave abc as attached.

for wave B-C , it will be labelled as wave 1-2-3-4-5 , as it is .


if you want to earn more , you should target on wave 3 or wave C


one more thing, if you want to know when the major wave 5 wave turned into bearish trend , u need to do wave count from monthly/yearly chart.
from there you can determine when you can go for long-term trading , either bull or bear

This post has been edited by kevler: Apr 7 2010, 02:00 PM