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 Forex | Version 8, Foreign Exchange Market Discussion

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ax6623
post Dec 22 2010, 01:39 AM

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Hallo..can anyone tell me which 1 compatible with bb9780..for instaforex
ax6623
post Dec 22 2010, 08:59 AM

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QUOTE(SpL-ViCioUS @ Dec 22 2010, 07:57 AM)
MT4 Mobile Platform trading is compatible with Black Berry 9780 for instaforex.
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Thanx
ax6623
post Dec 29 2010, 02:12 AM

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QUOTE(marvinben @ Dec 28 2010, 04:19 PM)
Been reading through this thread and frankly most of the post are jokes. There are no more than 5 posts about DEMO trading which is crucial to newbies to learn the in and outs of forex. Demo account can shows just how fast their money can disappear even with 2% risked each trade. Let me dispel some myth that many newbies believe.

Forex is one of the most cutthroat market there is. The swing are extreme with 70points swing occurring in less than half an hour are daily occurrences even for mild pair such as the USD/CHF. From the way newbies sees it, 70points swing is potential 70points profits. But get your head out of you a**. Most of the time the swing is AGAINST your trade. Thats is the cruel reality.

If you are going to go live trading, start small. Something like 500-1000usd is ok. Anything less than 500usd better go to Genting and try your lucks. Your capital is your sword, the longer it is, the better chances for you to win as you could stay much longer and suffer string of losses without much psychological effect.

On selecting your broker, go with regulated and recognized broker. Stay away from Russians operated bucket shops such as Instaforex and the likes. Some brokers and Singapore branch such as GFT and Igmarkets. Those are good and reliable. Dont bother searching for ECN if you are not trading 10 standard lots per trade. Use bank wire transfers to deposit funds. State the purpose of transfer as investment.
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How bout mt4??
ax6623
post Dec 29 2010, 02:10 PM

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QUOTE(NINJIAO @ Dec 29 2010, 01:35 PM)
Hehehe problem with human nature, when you got big account, sometimes if the trend move opposite our trade, we might 'revenge' it by placing more contract because in hand we got a lot capital. or some people call it 'sai lang' or show hand'. We all have greed, thats why we are here discussing trading. So no matter small or big account, is still the same untill we realize and change. hahaha. Well it all depends on dicipline i guess. But for starter, one will not know his own behaviour and weakness untill one start trading. So why not start with low capital first before putting in more? If one can't handle a USD10 or USD100 account, how can one handle a USD5,000 or USD50k account?
So why demo account don't work for me? human nature. Free things we take for granted. LOL. We have almost no emotion threat when playing demo account. Hey it's fake money. Just dump everything in. LOL. If own money, sakit hati mang.  tongue.gif
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u got the point bro..
ax6623
post Dec 30 2010, 11:05 PM

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QUOTE(marvinben @ Dec 30 2010, 06:35 PM)
MT4 is a very good platform for trading forex, the charting package are top notch and tons of customized indicators out there.
Right on the money. 500usd is only good enough to test the water so to speak. But if you're starting to think you could make serious money month in month out using 500usd as margin. Good luck! I have seen it done before by other traders but NOT profitable on monthly basis. The pressure to milk every last pips from the market will mess with your emotion and straying away from original trade setup. With 500usd you might need 1000pips/month to be profitable, but think, if you have 10000usd then maybe you need to make 200pips/month to be just as profitable. A much easier target right. Minus all the pressure. I'm sure lots of traders here can do 200pips/month but how many can trade 1000pips/month? You will just fall victim to overtrading. (I am speaking from experience here, overtrading is the biggest enemy of mine)

On demo trading, it serve it purpose to develop a winning edge. You have no business trading live unless you have an edge over the market. On the issue of using 10usd to start trading live, i see it as complete nonsense as 10usd is nothing to most people. They will fell no pain losing about RM30. But what if you trade 1000usd as a start? Now then its different story, you will take forex as serious business and not "play play" as they call it. You got to pay the tuition fee  tongue.gif to the school of Hard Knock.

Merry Christmas and Happy New Year everyone!  cool.gif
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thank you...
im noob in this area...so teach me...
mt4 safe or not?
i need an IB?
ax6623
post Jan 4 2011, 06:20 PM

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Can someone recommend good n reliable trading platform for me..
ax6623
post Jan 4 2011, 07:00 PM

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QUOTE(low yat 82 @ Jan 4 2011, 06:54 PM)
ya.. nice ncie XD
all platform r up to d standard if compare to malaysia tradin platform..lol.. oanda /fxcm r among d reputable 1.
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Thanx 4 the info..
How bout an IB can intro 1 to me,
ax6623
post Jan 4 2011, 07:30 PM

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QUOTE(SpL-ViCioUS @ Jan 4 2011, 07:13 PM)
Try Instaforex ,the rate is stable and fixed spread.

If your interested,please visit www.instaforex.com
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Tried edi..spread quite high lo..
Anyway thanx..
Any phone apps?
ax6623
post Jan 5 2011, 08:58 PM

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QUOTE(SpL-ViCioUS @ Jan 5 2011, 07:23 PM)
Try bforex for iPhone .
if there is any question,we'll glad to help
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Lolx...I need to buy iphone 4 like dis coz I'm a bb user

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