haha fund managing is illegal in msia except for banks i think

This post has been edited by Freezefrost: Apr 9 2010, 04:05 PM

giving millions to an unknown stranger.. think of it my way..

IF THERE IS any idiot that will give me rm1 million to invest on their behalf.. guess what? i'm taking the 1 million and i START RUNNING AS FAR AS I CAN GO.

Putting 1 million with an investment bank or a legal entity for investment/returns purposes is fine. Putting 1 million with a stranger that lurks lowyat forums.. priceless

Assuming (really assuming, but i REALLY WISH ) i have huge amount of money, multi-million, then i must have a way to make this amount and won't want to risk it in Forex. I'll just continue to do what i had been doing.

Nope.. you could have inherited it from a rich dad as well.. besides the point anywya.. anybody to give a huge amount to a totally unknown stranger is asking for big trouble..

How i wish i had a RICH dad

from monthly chart , Jpy pair is having difficulties in those days .


GJ = bull
EJ = bull
UJ = bull
AJ = bull

If I have EXTRA one million, I will give kelvin to help me to trade in forex, while I go travel around the world.

ah means you dont have EXTRA .. but you got 1?

kantoi...haha. nice catch Sham903n.

Please stay on topic

Ive close all pos lastnight, grown my acct another 16% from 1st april.. should have close earlier would have gotten my self 24%.. beat that banker! another 20days to grow more.. slow and easy... no rush for me

How much is that in ringgit?

16% from 1st apr?..wow..that's really high

i can only manage 2% from 1st april..

Cheers

This post has been edited by jigon: Apr 10 2010, 09:49 AM

It's always nice to side track abit....kind of like wishful thinking....for people that don't have, like me . If i had a million bucks, 50K shall goes into my Forex funding, the rest 950K shall keep me happily everafter

Me, i'm still learning, trying hard to preserve my capital, have not recover yet. Had learned a lot since i started in Feb and i'm sure i'm better off when i started. It was so Blur, so speculative when i started, like in roulete event/odd/Zero All trade closed. Starting fresh on Monday. Go relax at Ipoh/Cameron 1st.

My goal is still very conservative, to maintain my capital at the end of 6 months. It's a learning curve that i must go thru'. Guy, cheer me on.... Add oil! Hey maybe we can start a cheering group to cheer newbies on.....as times, we newbeis are so desperate....up to a point of giving up.....All seniors / regular here, please help to cheer newbies on.......add oil.....

Have a nice weekend

not much la bro.. enough to pay 1 monthly payment of 3 years duration brand new crv malaysia.

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Added on April 10, 2010, 10:35 amim still new too bro... as usual keep it simple.. money management is no 1..


This post has been edited by Sham903n: Apr 10 2010, 10:35 AM

About money management, what are your % of capital for each trade?
please also state your years of forex experience (excluding demo).

I've live trade for 8mths.
My average size now is normally 0.5% to 1% of my capital
I'm still recouping my my lossess.
During my first few months, my size was about 1% - 5% of my capital!! As expected huge lossess.

Not a lot then. Just wait till you start making millions, and then tell me you make 16% in ten days or whatever.

what do you guys think about the reviewing of Renmenbi and Singapore dollar?

wokay.. hopefully ill be on target.. less than 2 years ill be there

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Added on April 10, 2010, 2:14 pm2% or less

This post has been edited by Sham903n: Apr 10 2010, 02:14 PM

@aloong
there is nothing wrong if your money management is 1-5% of ur account. Just be PREPARED TO LOSE (if things goes wrong) and keep your mentality calm. Do not revenge trade and you are fine.