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 Forex | Version 8, Foreign Exchange Market Discussion

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Sham903n
post Dec 31 2010, 10:38 PM

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QUOTE(cmk96 @ Dec 31 2010, 10:32 PM)
have you done it? trading with USD 10? as i said earlier...."theorically" can only.

happy new yr! thumbup.gif
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im currently accessing one of my acct and transfering 10bucks.. to another acct and convert it to cent.. Ill be doing a test run next week.. will update here

like I said.. its not impossible... maybe the link below will give you some idea..

http://www.forexrefuge.com/

This post has been edited by Sham903n: Dec 31 2010, 10:45 PM
cmk96
post Dec 31 2010, 10:53 PM

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QUOTE(Sham903n @ Dec 31 2010, 10:38 PM)
im currently accessing one of my acct and transfering 10bucks.. to another acct and convert it to cent.. Ill be doing a test run next week.. will update here

like I said.. its not impossible... maybe the link below will give you some idea..

http://www.forexrefuge.com/
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New year mood now...no mood to read such long website... wish you success! icon_rolleyes.gif
marvinben
post Jan 2 2011, 11:24 AM

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QUOTE(ax6623 @ Dec 30 2010, 11:05 PM)
thank you...
im noob in this area...so teach me...
mt4 safe or not?
i need an IB?
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Go with a regulated broker. Common names are IBFX, Oanda, FXCM, GFT, IGmarket. They have branch in UK. Allows Hedging and 100:1 leverage although thats not what i recommend.

QUOTE(Sham903n @ Dec 31 2010, 07:52 PM)
its not impossible with cent account.. if you still in the learning curve... 10usd =1000cent, so newbies can practice as if they have 1000usd.. last long and you can migrate to micro/standard (Instaforex only)
Happy New Year guys and gals.... biggrin.gif  may we have a good 2011 year..
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In a way Sham is right. But i doubt 10usd will make anyone to trade seriously enough. I recommend trading small or demo for at least a year to experience the full season cycle (summer break, thanksgiving, xmas/new year, earnings season) as the knowing what to expect during certain time of the year will be helpful in trading.

HAPPY NEW YEAR 2011 EVERYONE!!
christ86
post Jan 2 2011, 12:59 PM

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hmm... i haven really read finish this whole thing...
i've knew forex since 3years back.
trade myself, yes it is true, small amount make ur greed big n spending some hardcore personal trade without artificial inteligence since it's small! lol n we wanna win big. else spending tat same amount of time sitting there for a margin like that i'd rather do my business. So i stop.
Now there's someone trading for me with profit sharing as deal.
Anyone been doing this? Seems good for me still. He n me can skip the emotional part since im not playing n he's not playing his money, LOL XD.
and since his profit root is my profit i suppose he don't trade for trades.

Any comment?
he's been good though. Low return compare to most forex trader but consistent.

Happy 2011 Forex Lovers!
marvinben
post Jan 2 2011, 09:32 PM

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Great deal you got going on there just remember forex is risky business and you cant blame him for big trading loss. Also remember Ponzi Scheme.
veger_leong
post Jan 3 2011, 09:08 AM

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Anyone investing with www.forex.com? this website seem famous but think not much lowyat ppl using this?

shajack
post Jan 3 2011, 09:20 AM

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using demo there...easy to use
veger_leong
post Jan 3 2011, 09:29 AM

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QUOTE(shajack @ Jan 3 2011, 09:20 AM)
using demo there...easy to use
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ya man I'm using the demo as well quite user friendly but the spread is quite hight tot? 2 pips ++
so wonder the reliable, any comment for this? or any recomment?
SUSAllnGap
post Jan 3 2011, 01:07 PM

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after so much of R & D for 2months, final conclusion, i've gone back to the basics, which is trend trading and trendline trading, HAHA !!!!!
dumped everything into rubbish bin !!!
myvi5949
post Jan 3 2011, 01:29 PM

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QUOTE(AllnGap @ Jan 3 2011, 01:07 PM)
after so much of R & D for 2months, final conclusion, i've gone back to the basics, which is trend trading and trendline trading, HAHA !!!!!
dumped everything into rubbish bin !!!
*
Gone through this phase.. i found out that its best to just choose one method and stick to it. practice it day in day out.. and sticking to the trading plan. stay away from forexfactory and useless articles and news..too much noise.. for chatting its ok, but id go far away from it when there is a trade running. This guy say this, that guy say that..this method is better than that method etc etc. all of it is just noise. You need to filter your head from bad information.. Only get information and trade ideas from experienced traders and good website.. Thats what i think anyways..
Volatile369
post Jan 3 2011, 01:50 PM

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QUOTE(AllnGap @ Jan 3 2011, 01:07 PM)
after so much of R & D for 2months, final conclusion, i've gone back to the basics, which is trend trading and trendline trading, HAHA !!!!!
dumped everything into rubbish bin !!!
*
What have you been researching for the past 2 months?
SUSAllnGap
post Jan 3 2011, 02:30 PM

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all the methods to confirm the direction or change of direction

i was searching for reliability and simplicity

MACD, BB bouncing system, STOCHASTIC, CCI, EMA, SMA, Elliot Wave, Candlestick pattern, RSI, ADX, Momentum, Bull Bear, Volume (VSA biggest joke)

gone through more than 1000 indicators  rclxub.gif

to the final conclusion, which one more reliable ? is only trendline laugh.gif

price either stands on it or break it, even it is a fakey, you can wait till the next real one.

This post has been edited by AllnGap: Jan 3 2011, 02:41 PM
christ86
post Jan 3 2011, 02:59 PM

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http://soon88.mt4live.com/
check this out.
SUSAllnGap
post Jan 3 2011, 03:12 PM

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QUOTE(myvi5949 @ Jan 3 2011, 01:29 PM)
Gone through this phase.. i found out that its best to just choose one method and stick to it. practice it day in day out.. and sticking to the trading plan.  stay away from forexfactory and useless articles and news..too much noise.. for chatting its ok, but id go far away from it when there is a trade running.  This guy say this, that guy say that..this method is better than that method etc etc. all of it is just noise. You need to filter your head from bad information.. Only get information and trade ideas from experienced traders and good website.. Thats what i think anyways..
*
yea of course, i prefer simplicity, humans think that by using more and more they can defeat the market dynamics (compilation of so many types of traders and big players especially)

but i notice something is that no matter what kind of trader you are, once the price break a significant trendline, everybody sees the same thing, it's not like you're the sohai that sees it only and go against the tsunami.

of all the most reliable or accurate methods, i've tried to come out with a method to be in profit everday (intraday trader), but it seemed that it is impossible to filter whether to take the trade or not according to your system, it's really super hard because the market is always in a dynamic condition, sometimes trending, sometimes sideway, range bound

the market condition is constantly changing, thats why we see certain system or EA die after the conditions change. but no matter what conditions, price behave always behave nicely to trendline, especially higher TF (like H1 and H4)

and even better is that i found the method to lower the SL down to about 20pips, with R:R always bigger than 1 icon_idea.gif
rachel9966
post Jan 3 2011, 04:03 PM

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QUOTE(christ86 @ Jan 3 2011, 02:59 PM)
looks like a demo with EA to me. btw, what's ur opinion on GJ today?
luqmanz
post Jan 3 2011, 04:06 PM

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QUOTE(rachel9966 @ Jan 3 2011, 04:03 PM)
looks like a demo with EA to me. btw, what's ur opinion on GJ today?
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Cant trade today .. markets are closed .... sweat.gif
christ86
post Jan 3 2011, 04:08 PM

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QUOTE(rachel9966 @ Jan 3 2011, 04:03 PM)
looks like a demo with EA to me. btw, what's ur opinion on GJ today?
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it's a live account of my trader. he trade for profit sharing.
im one of his client. hah! just sharing...
he's using fxprimus btw. seems good for me.

GJ? hah if u ask me 3years back i'd know, now just leave to the pro & we stick to our own business.
luqmanz
post Jan 3 2011, 04:12 PM

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QUOTE(christ86 @ Jan 3 2011, 02:59 PM)
That's a good track record ... seems like martingale ... biggrin.gif
rachel9966
post Jan 3 2011, 04:20 PM

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QUOTE(christ86 @ Jan 3 2011, 04:08 PM)
it's a live account of my trader. he trade for profit sharing.
im one of his client. hah! just sharing...
he's using fxprimus btw. seems good for me.

GJ? hah if u ask me 3years back i'd know, now just leave to the pro & we stick to our own business.
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ohh.... you are not a trader then... you are investing in someone else.... do you get commission from inviting ppl? heard about such deals sometime ago... but i rather trade for myself.... more fulfilling.
Volatile369
post Jan 3 2011, 04:48 PM

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QUOTE(AllnGap @ Jan 3 2011, 03:12 PM)
it's not like you're the sohai that sees it only and go against the tsunami.

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HAHAHA.. rclxms.gif

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