Forex | Version 8, Foreign Exchange Market Discussion
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 Mar 8 2011, 09:25 AM
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Senior Member
2,939 posts Joined: Oct 2004 From: localhost  
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QUOTE(AllnGap @ Mar 8 2011, 08:35 AM) aussie's weekly flag wedge seems to be finding its freedom soon...... todays price action is the reason why I did not like Aud/usd Longs.. :-) can anybody teach me how to correlate S&P or DJIA chart with forex ? somehow i saw some similarity on both ...but it is too vague for me .. appreciate we could discuss this to improve our trading style This post has been edited by kevler: Mar 8 2011, 09:25 AM |
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Mar 8 2011, 10:15 AM
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Senior Member
2,185 posts Joined: Oct 2005
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QUOTE(kevler @ Mar 8 2011, 09:25 AM) todays price action is the reason why I did not like Aud/usd Longs.. :-) S&P and DJIA (I use S&P) is generally bearish when USD is bullish. When S&P is bearish .. that means the capital is flowing from risky asset to can anybody teach me how to correlate S&P or DJIA chart with forex ? somehow i saw some similarity on both ...but it is too vague for me .. appreciate we could discuss this to improve our trading style safe asset (USD). But this requires confirmation of capital flow by observing, Gold , T-Notes (bond), xxx/USD futures, Crude Oil and USD Index. |
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Mar 8 2011, 01:34 PM
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Senior Member
4,522 posts Joined: Jan 2003 From: Mordor, Middle Earth.
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Euro summit is around the corner. It will be interesting to see how The Portugal Bailout play out, it might get the stocks/euro down.
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Mar 8 2011, 01:47 PM
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Senior Member
4,561 posts Joined: Jan 2003 From: Penangites 
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QUOTE(kevler @ Mar 8 2011, 09:25 AM) todays price action is the reason why I did not like Aud/usd Longs.. :-) i tried shorted many many times, just can manage to scalp, the RBA's set the interest rate so high, but aussie failed to climb higher. NZD interest rate already adjusted down. can anybody teach me how to correlate S&P or DJIA chart with forex ? somehow i saw some similarity on both ...but it is too vague for me .. appreciate we could discuss this to improve our trading style waiting for RBA to adjust the interest rate down, then short all the way |
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Mar 8 2011, 01:52 PM
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Junior Member
201 posts Joined: Apr 2008
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Hi,
I'm new to forex trading. I'm curious as to which brokers are being used by Malaysians. Oanda, Alpari, FxDD, IGMarket, these are the few that seem to be more trustworthy, but I would like to know which brokers you guys use. Also I do not have alot of capital to invest. My maximum would be USD 1000. What would be the average realistic profit that can be made(after taking into account loss) per month with such a low capital? thank you. |
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Mar 8 2011, 02:22 PM
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Junior Member
31 posts Joined: Mar 2011
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QUOTE(Mesosmagnet @ Mar 8 2011, 01:52 PM) Hi, i only deposit USD800,then i got extra USD240 from InstaTrader. I'm new to forex trading. I'm curious as to which brokers are being used by Malaysians. Oanda, Alpari, FxDD, IGMarket, these are the few that seem to be more trustworthy, but I would like to know which brokers you guys use. Also I do not have alot of capital to invest. My maximum would be USD 1000. What would be the average realistic profit that can be made(after taking into account loss) per month with such a low capital? thank you.  |
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Mar 8 2011, 02:39 PM
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Senior Member
2,185 posts Joined: Oct 2005
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QUOTE(Mesosmagnet @ Mar 8 2011, 01:52 PM) Hi, If u can make 10% a month .. u are good.I'm new to forex trading. I'm curious as to which brokers are being used by Malaysians. Oanda, Alpari, FxDD, IGMarket, these are the few that seem to be more trustworthy, but I would like to know which brokers you guys use. Also I do not have alot of capital to invest. My maximum would be USD 1000. What would be the average realistic profit that can be made(after taking into account loss) per month with such a low capital? thank you. |
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Mar 8 2011, 02:53 PM
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Senior Member
2,516 posts Joined: Feb 2007 From: Uarla Umpur 
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QUOTE(luqmanz @ Mar 8 2011, 02:39 PM) If u can make 10% a month .. u are good. yup.. don't believe all those that give you more than that..10% consistently is the best  lucky get 15 unlucky get 5% still better than FD rates  |
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Mar 8 2011, 04:02 PM
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Senior Member
2,185 posts Joined: Oct 2005
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GU today ... is to look for good buy .... hehehe
I could be wrong ...  |
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Mar 8 2011, 04:02 PM
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Junior Member
201 posts Joined: Apr 2008
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10% of capital per month? Isnt that rather low, I was under the impression that it is possible to profit approximately 20 pips a day. Seems like I havent been facing reality.
Anyway, how about the broker question? What brokers do you guys use? I remember seeing FxCM on someones post and kthxbye introduced InstaTrader but I the closest I could find was InstaForex. Also I've heard alot of people complaining about MT4 and of it being a scam platform which allow brokers to manipulate your trade for their gain. What trading platforms do you guys use? |
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Mar 8 2011, 04:06 PM
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Senior Member
2,185 posts Joined: Oct 2005
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QUOTE(Mesosmagnet @ Mar 8 2011, 04:02 PM) 10% of capital per month? Isnt that rather low, I was under the impression that it is possible to profit approximately 20 pips a day. Seems like I havent been facing reality. Instatrader = Instaforex.Anyway, how about the broker question? What brokers do you guys use? I remember seeing FxCM on someones post and kthxbye introduced InstaTrader but I the closest I could find was InstaForex. Also I've heard alot of people complaining about MT4 and of it being a scam platform which allow brokers to manipulate your trade for their gain. What trading platforms do you guys use? MT4 is not the problem. The problem is the broker that cheats. Is 10% a month high or low? The best way to find out is to do it yourself. Nothing beats self-discovery. |
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Mar 8 2011, 05:01 PM
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Junior Member
230 posts Joined: Aug 2010
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I'm new in this field also,
just wondering you guys are mostly day trader or mid or long term trader? Added on March 8, 2011, 5:03 pmWhat is the main source you guys read? Bloomberg, CNBC or others Added on March 8, 2011, 5:07 pm QUOTE(cmk96 @ Mar 4 2011, 06:26 PM) just pay credit card as usual after you swipe it... it doesn't matter 1 time off or pay the interest only... Oh, I guess I know what it is. Its that mean that let say I deposit USD 1000. for the bank CC side, I have to pay to the bank 1 time off let say RM3100 after converted right?let say ur account hv USD1000...your broker will keep some "deposit" as "margin" to open a position/multiple positions....example with leverage 1:50, open 0.10 lot requires USD300 as margin (will be returned to you after you close the position)...so you left USD700 to sustain the movement. if the movement goes against you...when hit -USD700... you get margin call....your position will be liquidated immediately... only the margin USD300 remain in your account. if you win money...let say USD100....after you closed the position...it will be reflected in the "balance"..which is USD 1100. on how to made withdrawal...normally you fill up a form either online or hard copy form and email back to them... used TT transfer/ credit card/ paypal.... depends on broker. i suggest you demo trade first before using real money... understand the in and out on forex trading...develope strategy and money management...forex is not gambling..remember that. That mean how much you deposited into the account you can manage how much, more accurately, I mean you have a limit to prepare some margin for loss. am I correct? This post has been edited by beast_doadore: Mar 8 2011, 05:07 PM |
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Mar 8 2011, 05:15 PM
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Senior Member
4,522 posts Joined: Jan 2003 From: Mordor, Middle Earth.
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QUOTE(Mesosmagnet @ Mar 8 2011, 04:02 PM) 10% of capital per month? Isnt that rather low, I was under the impression that it is possible to profit approximately 20 pips a day. Seems like I havent been facing reality. Even 10pips a day is already a lot when one trade 10-20 lot per pip. thats about RM300-600 per day. I say +/- 10-20pips can be done within 5min to 4hours. You dont even need to plot the trend, u just identify S/R lvl and exploit the bounce. Anyway, how about the broker question? What brokers do you guys use? I remember seeing FxCM on someones post and kthxbye introduced InstaTrader but I the closest I could find was InstaForex. Also I've heard alot of people complaining about MT4 and of it being a scam platform which allow brokers to manipulate your trade for their gain. What trading platforms do you guys use? Of cos if u trade this big, it comes with huge acc. Dont expect small money to make big money. I say even 5% a month is very good already. u get about 60% ROI per annum, minus the possible losses u had say 20%, u still netting 40%. FD are just below 3% per year, beat that. |
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Mar 8 2011, 06:03 PM
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Junior Member
236 posts Joined: Aug 2005
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The EU bear has come to town..
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Mar 8 2011, 06:56 PM
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Senior Member
2,096 posts Joined: Oct 2007
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QUOTE(beast_doadore @ Mar 8 2011, 05:01 PM) I'm new in this field also, you will hv rm3100 debt in your credit card... just pay normally...can be 1 time off or pay interest only. you owe the BANK money... you need to pay the bank....nothing to do with the broker...broker hv usd1000 already.just wondering you guys are mostly day trader or mid or long term trader? Added on March 8, 2011, 5:03 pmWhat is the main source you guys read? Bloomberg, CNBC or others Added on March 8, 2011, 5:07 pm Oh, I guess I know what it is. Its that mean that let say I deposit USD 1000. for the bank CC side, I have to pay to the bank 1 time off let say RM3100 after converted right? That mean how much you deposited into the account you can manage how much, more accurately, I mean you have a limit to prepare some margin for loss. am I correct? for the second question...i'm not sure what you trying to ask...u need to trade demo and understand margin because it depends on leverage factor (1:50, 1:100..etc) and amount of lot you open (0.01, 0.1 or 1.0 lot).... that will determine how much "left for trading". have you trade demo account yet?..if no, you won't understand what i'm talking. This post has been edited by cmk96: Mar 8 2011, 07:00 PM |
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Mar 8 2011, 08:16 PM
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Senior Member
4,561 posts Joined: Jan 2003 From: Penangites
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got about 340% margin left, very tempted to add in more units......
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Mar 8 2011, 09:45 PM
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Junior Member
242 posts Joined: Oct 2006
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For newbies, 0% is considered good already.
Most of the people get negative returns, this is a fact. |
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Mar 8 2011, 09:48 PM
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Junior Member
355 posts Joined: Jan 2008 From: 3 titik
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all DT from yesterday... red pip make me away 4 a moment... tarik nafas.... calm down... trade again 2morow. hahaha
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Mar 8 2011, 10:00 PM
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Senior Member
872 posts Joined: Jun 2007 From: Kuala Lumpur(juz my body,LOl)
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its 9 in d morning in NY,NY
after 2 months and a few weeks..im minus USD2...yesterday lost wipe out my profit,kekekeke This post has been edited by shajack: Mar 8 2011, 10:00 PM |
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Mar 8 2011, 10:08 PM
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Junior Member
56 posts Joined: Jan 2011
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To all bros who suffer lost, always be able to come back to trade next day
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