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 FOREX | v se7en, the market is very SucKy

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forexjr
post Feb 25 2010, 11:18 PM

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to all newbies, piece of experience to share. i started fores with usd100. within two days i make usd50. the second week i lost 40 usd because of my greed and emotion. thought i can recover but i lost further usd 52. i left only usd 65 for me to use to trade. theres so many mistake that i learned and the most important is patience. i am not good in fundamentals but i learned through experienced and charts. few mistakes that we newbies tend to make :-
1) we want profit very fast.
2) we dont have patience
3) we think we know better than others
4) we dont learn from mistakes
i got stuck in the trade every tuesday, because of wrong entry and i have to wait till it reverse that i can trade back. by the the time it happen it is already end of the week. i took me 2 weeks to trade to get back my usd 100 back. but i learned a lot.
tuesday is the day the market is aggresive, be patient and make a right entry so you wont get stuck due to your limited capital.
till now i am still stuck but no more like few days waiting, the most is few hours...
only to share my experience and happy trading..
forexjr
post Feb 27 2010, 03:29 PM

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QUOTE(Sham903n @ Feb 27 2010, 12:23 PM)
if you have no open position..
start fresh.. take a long holiday..
after that go thru what went wrong,
put it on paper and look at it like a picture painted by someone else hanging on the wall.. detached
its a lesson paid.. lesson learnt.. move on, start fresh with what you learn
*why they call law firm or klinik a practice.... because they never stop learning.. so do trader should never stop learning..*
*
101% agree with you...... nod.gif
forexjr
post Mar 1 2010, 10:50 PM

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QUOTE(bulkbiz @ Mar 1 2010, 09:50 PM)
It is up to you to believe or not, haha, I holding GU before chinese new year until now.
*
wow.. how did you do that... can give some tips ka... still can short now or not? blink.gif
forexjr
post Mar 2 2010, 12:13 PM

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just to share.... transfering money using maybank 2 u is much cheaper than going it at the counter...
forexjr
post Apr 9 2010, 12:16 PM

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any hint on jpy pairs... kena hit lagi by chf/jpy... wrong entry
forexjr
post Apr 14 2010, 07:14 PM

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can anybody help me... i always hit by the jpy pair but not the eur pair.. sometimes what ever i gained from the eur pair will be burned by the jpy... it is just so frustrating sometimes...
forexjr
post Apr 14 2010, 11:04 PM

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QUOTE(cracksys @ Apr 14 2010, 08:14 PM)
who asked you to play with difficult pair whistling.gif stick with one pair for beginner. don't judge me, i read about that.
*
ok... never know got difficult and easy pair... any suggestion what is the easy pair...

thank you

Added on April 14, 2010, 11:06 pm
QUOTE(Sham903n @ Apr 14 2010, 08:28 PM)
i just use 1 pair.. and it give me good returns.. plus I dont have so much info to digest..
*
tq.. any suggestion on which pair to stick to???? sad.gif

This post has been edited by forexjr: Apr 14 2010, 11:06 PM
forexjr
post Apr 15 2010, 02:30 PM

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QUOTE(Invince_Z @ Apr 15 2010, 11:31 AM)
could not agree more. we shall see whether GU will break 23/02/2010 high or not today.
*
believed already touch the feb. highest today

Added on April 15, 2010, 2:44 pm
QUOTE(Sham903n @ Apr 15 2010, 05:10 AM)
GU
well, its not like stocks/share where it can go worthless if something goes wrong with the country, unless that country goes to war and lose
so the rules of putting all eggs in one basket actually dont apply... trending and less volatility (not too passive) would be a good criteria..
how to determine its not too volatile? i put an imaginary 1 position buy or sell (set 1 price) if that past market move and hit my price and sl more than 7times in a few days.. its volatile.. the longer the period.. the less volatile the pair is..
*
tq for the advise... and i belive gu is still crawling up north up to now... no sign of crawling down yet...

Added on April 15, 2010, 2:50 pm
QUOTE(kelvin_tan @ Apr 15 2010, 09:58 AM)
forexjr study the fundamentals to understand why that happened smile.gif
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the is my main weakness.... fundamentals... rclxub.gif cry.gif

This post has been edited by forexjr: Apr 15 2010, 02:50 PM
forexjr
post Apr 16 2010, 05:05 PM

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when you have very very small capital... patience is the tools to grow the money....
forexjr
post May 6 2010, 12:34 AM

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sifus... will the trend remain down for this whole week... i am confuse... got burned...
forexjr
post May 7 2010, 10:57 AM

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any idea about eu?,,, look like it is recovering..
forexjr
post May 7 2010, 02:27 PM

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meaning...??? sorri mr billy i m a bit blur with the term used... it will remain in the position now or slopping down..??
forexjr
post May 19 2010, 10:39 PM

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QUOTE(rstusa @ May 19 2010, 10:27 PM)
After hitting a low of 1.2143 during the early European trading session, the euro has recovered and is now trading comfortably higher against the U.S. dollar.  Risk aversion remains the predominant theme in the forex market but this time, the weakness is concentrated in the Australian and New Zealand dollars. The latest comments from German Chancellor Angela Merkel provided the fundamental catalyst that forex traders needed to stop selling the euro.  However the buying is most likely short covering and not inherent demand.  Her comment that "a failure of the euro means a failure of Europe" is an attempt to warn speculators that Germany stands behind their currency.  For a deeply oversold currency, her vote of confidence was all the market needed.  Although this may have triggered a short term sentiment bottom in the currency, we continue to believe that the fundamental dynamics have not changed.  For investors to turn bullish euros, the market needs to see action from policymakers and not merely comments that are open to interpretation.
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no wonder there is sharp rise in Eur/Aud
forexjr
post Jul 22 2010, 02:19 PM

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QUOTE(AllnGap @ Jul 22 2010, 09:54 AM)
any of u guys trade CHF pair ?
looks kinda crazy
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i burned my fingers with chf pairs... going to turn to other pair soon
forexjr
post Jul 22 2010, 07:50 PM

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QUOTE(luqmanz @ Jul 22 2010, 04:14 PM)
Have you tried GU or EU ?
*
trying now... back to demo account. Burned USD 200. left 47 cents in account lol tongue.gif
forexjr
post Jul 22 2010, 08:42 PM

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QUOTE(skcs1985 @ Jul 22 2010, 07:52 PM)
look like its already 2 months since i have check this thread

i been trading with oanda for the pass 2 months, from 464usd deposit

i build it to 1.4k usd d, hope to build bigger and bigger
*
how long have been trading?.. u must be good in this
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