Thanks luqmanz, is that your thread?actually occasionally i silent reader there
i used to be active in BJ learning TA from Goldfinger

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Added on December 6, 2010, 7:40 pmi am aware that pair combination which involved GBP and JPY move so volatile, how you absorbed the negative floating? do you use the art of position sizing

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Added on December 6, 2010, 7:43 pmThanks for the recommendation will looking for the book.

So far only two books about trading i finised read Alexander Elder(Trade for a Living) and Super Trader (Van Tharp)

This post has been edited by imax80: Dec 6 2010, 07:44 PM

Thats not my thread ... but I do use the technique there ...

@imax80
I would recommend against using FXOpen. They are not regulated and once they close, all your money is gone. Think twice.

izzit..where actually we can get the list of regulated brokers?

I prefer broker with low spread 2-3 pips, no requotes, good service i.e easy bank in, withdraw money and using MT4. Hope kelvin_tan could recommend one or two.

seconded. google about FXOpen scam. they recently scammed a guy.

Anyway noob trader here. I'm finding one with MT4 support, prefering micro account. Suggestion?

ehem..
pm me if u know what i mean
btw issit safe to trade on dec??

No legit broker can guaranteed no requote.

Only scammed broker can guaranteed no requote.

Always choose regulated broker, especially if you are trading big lot. Do you dare to deposit 10k usd above to fxopen? You will have peace of mind if you deposit into regulated broker e.g. IBFX, Oanda, MIG bank or Dukascopy.

Just my 2pips


*I notice there are a few IB in this forum. Hope moderator can take note.

This post has been edited by bulkbiz: Dec 7 2010, 02:52 PM

Every month is not safe to trade. I suggest follow your indicator whether der is entry or not, rather than speculating wat months are best to trade.

As mark Twain says:

'October: This is one of the peculiarly dangerous months to speculate in stocks in. The other are July, January, September, April, November, May, March, June, December, August, and February.'

wish I was an IB ... but I hate dealing with people...

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Added on December 7, 2010, 5:36 pmwho said only scammer guarantee no requote? ECN acct trade with no requote... only limited by liquidity..
big boys account

This post has been edited by Sham903n: Dec 7 2010, 05:36 PM

I got a small acc using MIG, i dunno why the value is different than my other broker's data (Admiral Markets)

i suspect they got push you to a higher spread when opening and closing position that time, lets say you close with a profit of 20pips, when it closes it becomes 18.90pips, it'll try to decrease your profit.

maybe it's a steady and firm broker, but not a fair one

@MNet
you obviously never used oanda before. Give it a try. Low spreads, no requotes, regulated. only problem? their charting sucks. I use mt4 to chart

Oanda spread can be big at times ... that's why there's no requote ... they have more leeway to fill the orders. ...

I notice that usually, broker that offer fixed spread will have to requote during limited liquidity ... this is to be expected...

The red flag is when .. a broker offers fixed spread + no requote ... they could be a bucket shop that falsify their quotes to begin with...

real brokers don't use spread.. they based it on lots traded...

how many are trading from a pda? anyone trading using android or window mobile 7 yet?

Possible H&S in daily gold?

Hai yo ...... I wish you good luck in getting a big business here.

From now onwards, every morning i'll post up H4 analysis of the EU GU and AU

see whether you guys see what i see or not


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@imax80
for the last time, FXDD / OANDA ! these 2 are regulated. FXDD spreads for EU = 2pips

Oanda spread for EU = 0.9 pips.

@luqmans
Its true that spreads can be big on oanda but this is only during news time and it only last 1 minute. Afer that its back to normal spreads. Most brokers do it. It only affects those that trade when the news is out.

A very beautiful elliot wave is almost finished for the EU on the daily chart. Also visible on your H4 chart heh. EU has been treating me well!