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 FOREX | v se7en, the market is very SucKy

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NINJIAO
post Apr 4 2010, 09:35 PM

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was registering for oanda. hehehe anyone can help me on fill in forms. was filling the W-8BEN tax exemption form. but....

wat is reference number? Foreign tax identifying number?capacity in acting???


lol. Should i tick anything in Part II claim of tax treaty benefits???
http://www.irs.gov/pub/irs-pdf/fw8ben.pdf

NINJIAO
post Apr 5 2010, 09:51 AM

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QUOTE(heliora @ Apr 5 2010, 09:31 AM)
i just filled in mine and scanned and emailed them on Saturday
wasn't too sure about the form either and asked them about it, read the instructions on IRS's website and was still a bit confused lol
in the end i just left Part II, III and IV blank, basically all that you don't know, leave'em blank

can always ask Oanda, they're pretty responsive, or even better live chat with them
*
Ohhh, maybe i should just do the same. LOL. tongue.gif

Hmm currently testing IBFX's MT4. Hmm look impressive and...... confusing. lol. Gonna test it for another week before i settle with the platform. Hmm seems like IBFX fastest timeline is 1 minute. I wonder if there is any function tat can set it to run by 5 sec or something. lol. laugh.gif
NINJIAO
post Apr 5 2010, 04:15 PM

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one question......does fx broker make any difference on the profit/loss or just my own....uhh luck..technic or what ever things i have done...

It seems that when i am trading with oanda demo account, i could easily make some money. few dollar or 10.

when i am on IBFX demo. all the trades is on lost. Get $1 or $0.20 profit, then $50 $80 loss.

hmm when i check forex peace army for review. it seems that i am not the only one making loss when using IBFX here....hmmm just feel weird.
NINJIAO
post Apr 5 2010, 05:47 PM

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QUOTE(john123x @ Apr 5 2010, 04:39 PM)
different broker got different spread. oanda spread is lower than ibfx...

in case u dont know whats spread, its kinda like brokerage for buying stock
*
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.


QUOTE(bulkbiz @ Apr 5 2010, 04:44 PM)
Continue to play around, you will understand one day. Theoretically, it is the same for all brokers, and you should assume that also as a newbie.
*
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
NINJIAO
post Apr 8 2010, 09:20 AM

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Arrr. deposited USD500 into Oanda account but rejected by paypal because I am not verified. dang now waiting for my refund and the verification code to appear. sad.gif

In the mean time, have to stick with demo. tongue.gif
NINJIAO
post Apr 15 2010, 10:50 PM

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Arrrrr, EUR/USD suddently drop kaw kaw. the time i enter suddently drop 108pips. nearly hit my margin call. phew lucky now picking up. Goin to put there till it rise high.

Any better solution??
NINJIAO
post Apr 15 2010, 11:15 PM

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QUOTE(Invince_Z @ Apr 15 2010, 10:55 PM)
watch the market trend dude. the fall was expected n also the rise after that was expected

p/s: thx to nationwide shitty streamyx line...cant trade. super slow internet. 63+97 pips lost. fcuk u tm mad.gif  vmad.gif
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Was hoping it will rise when i buy. Mana tau suddently fall so much. Scare margin call onli. Now waiting it to rise back. huhuhu. Wow, 63+97 pips. Hmm buy oanda server keep getting disconnected. Hmm during demo never encounter tis type of problem.

QUOTE(bulkbiz @ Apr 15 2010, 10:57 PM)
108pips and almost margin call?

If you don't have peace of mind while trading, you will not go far. If you ignore money management, be prepared to margin call. If you ignore risk to reward ratio, you will lost in long term.

Just my 2 pips
*
A very enlightening words. hehehe should print it out and stick to my monitor. just to remind me. Thanks. thumbup.gif


QUOTE(rstusa @ Apr 15 2010, 11:05 PM)
Man, 108pips you near margin call, do you know everyday a pair of currency can change 100pips easily? Make sure your account can tahan 3000pips.
*
Ohh ya kah. lol becos during demo time, never encounter like tis oso. somemore when go on live, put high leverage like shiok shiok get some handsome sum. Now baru tau. Consider a close call. lucky havent hit margin call. 60 more pips it will hit margin call.
NINJIAO
post Apr 16 2010, 11:27 AM

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QUOTE(aliqueamyrei @ Apr 16 2010, 08:22 AM)
Use SL to prevent sudden heart attack like that meh. My 2 previous account burned because I didn't put SL. Seriously use SL. Will ensure your tradeability on the next round..
*
Ya great advise. LOL yesterday i enter the buy then close it then go work till lunch hour. when open the forex chart. heart attack. lol. now still losing. still waiting. tongue.gif
NINJIAO
post Apr 16 2010, 02:37 PM

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NOOOOOooooooooooo..........droooppp!

Hmm but seems like monday they will fly to greece to discuss the bailout. hmmm wonder if it will affect the EU.....
NINJIAO
post Apr 16 2010, 02:40 PM

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Ohh ya. Saw from fxstreet. there is a confirm candlestick hammer pattern. hmm wondering how reliable is the analysis. tongue.gif


Added on April 16, 2010, 2:44 pm
QUOTE(bulkbiz @ Apr 16 2010, 02:40 PM)
You are praying for it to go up? Please don't do that, I can see it clearly, your trading method got some problem.
*
Ya big problem. hmmm. need more practice. mistake i notice from this loss trade.

1) No stop loss
2) trading too high leverage.

hmm.gif

This post has been edited by NINJIAO: Apr 16 2010, 02:44 PM

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