if u can't convince ur own dad, wat makes u think u can convince anybody here.

Btw, i have a big project that needs RM1 bln financing. ur dad wana lend?

This post has been edited by Aloong: Feb 22 2010, 11:01 AM

And by the way, its clear cut illegal. As per issued by BNM.
Can't remember whether it was discussed in this thread about the BNM's statement about illegal forex trading. or was it another thread.

Wow, ur only 19 and u have Rm1K to invest? Either u have a good funder/parents or u work very hard for it.

So i deduce, scalpers ar enot for beginners.
Beginers can scalp on demo for learning or fun, but not realy money.

also scalping is indeed stressful, look at 2-3hrs screen waiting for the price to move,is stressul.

i look at forex every 15m (for 1min each, unless got opp to trade) for 2-3 hrs.

Is it true? if i set my trailing stop, after that turn off my pc and go to sleep, what will happen to the TS?

Does that defeat the purpose of TS ? So trader dun have to look at the pc all day long?

just trying their luck i guess.

chances of a multimillionaire surfing this thread is low, unless the person made his million from forex trading himself.

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.

The advantage for EURo now is their export will be more attractive.
now sure how agresive is their exports though.
I thinkthey should focus on that, take advantage of it, rather than wasting money to defend it.
I guess, It may hurt exisiting investors in EURO, but just take a huge lost and recover from it.
my 2 cents worth

Can u put in pdf instead?

It seems like i need to run a program, and there is risk of virus.

Or maybe u can list of the salient terms such as the cost, trainer name, background, days, wat will be covered in the course, etc..

Yup. pretty okay.
EU spread is less than 2.
But u nid to get used to 5 digits pricing
Start an hour later than my FXDD account on Monday morning.
less responsive than my FXDD broker.
but on overall okay.

i dunno anything about withddrawal yet, cos i havent made enuf for withdrawal yet

Yup, i like S&R trading as well. i find it super usefull. But the main problem is identyfying the "right/reasonable" S&R lines.

i tried many methods of identifying, Fibo, Pivots and mannualy identifying by looking at larger time frames as well as usig the EMAs as S&R.
Also bearing in mind S&R line is not a signle pip, hence after +/- about 20pips ranges, the whole chart is full of S&R lines. I cannot make a single trade.

The other extreme would be having S&R lines too far apart which is risky.

So the challenge is finding the "perfect S&R lines" which prevents wrong trades, while avoid too crowdy chart.

i agree it's way too expensive. For newbie like me, if i knew how and what will i gain from it, i'll probably put a value of RM2,000. For me, paying 2k to learn such a thing is worth it. For e.g. 2-day courses organise by my company to attend also cost RM3k at minimum, and i learn nothing, except for goof buffet.

At least here, i learn something, especially for newbie like me, who doesn't even know how to open an a/c.

I'll only willing to share such knowledge to close frens.

Anybody uses ECN brokers?
What is the lowest minimum deposit amount you've encountered?
How is the commission calculation?
What are the limitation in putting in orders as opposed to dealing desk brokers?