Version 8 starts here.................

For those who wants to learn forex trading please go here: www.babypips.com/school

This post has been edited by bulkbiz: Dec 3 2010, 11:19 AM

If you are interested with trend following, please read more book written by curtis faith.

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

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

Most pairs are in consolidate these days

This post has been edited by bulkbiz: Dec 15 2010, 04:22 PM

This thread is getting more and more joker .... will be back once I saw a better comment.

I am so jealous, hahahaha

Can share your signal here? I have been losing hell lot of money including my house and car.

You are from Instaforex?

XD I am just joking ....I am doing great in 2010, just want to see what is their next move when I said I am broke.

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Added on December 21, 2010, 12:40 pmyes, I am very "jealous". ><

This post has been edited by bulkbiz: Dec 21 2010, 12:40 PM

From your statement, you are still far away from being a forex winner.

kthxbye

Trade your system with bad R:R for one year my friend, start from today 03 Jan 2011 until 03 Jan 2012, if you are still profitable, you are the man, you don't need to be honest with people here, just be honest to yourself

Intraday trend line breakout for me is almost same as gambling, but the truth is broker manipulate the price. When the candle break a support line, everybody(day trader) will short, but the price will never go do down....same goes to long when it break resistance, how many time you will see a true trend line breakout using hourly, 4H chart?

Go for daily chart to ride big trend....there will be 2-3 time in a year where big trends will come, and there is where you gain your positive ROI. I am not speaking based on demo or backtest result, but is based on my personal real account portfolio.

Forget scalping and day trading....

Chartist is back!

EA will bring you to Holland, btw no business promoting here, very irritating.

I like your signature, agree 100% and it is not easy to have high tolerance level

Traders often pass through a series of 5 stages before becoming successful. In order, these are:

1. Unconscious Incompetence- Brand new traders enter at this stage, full of excitement and overconfidence that they will amass riches overnight. “How hard could it be? Price either goes up or down, right?” one may ask. The trader funds his account and starts quickly, taking lots of trades and unknowingly take on lots of risk. After a few initial successes, he is disappointed that price somehow turns on him every time he enters and he subsequently takes revenge by doubling up on new trades.

2. Conscious Competence- After realizing how out of touch with the reality and danger of the market he was, the trader progresses to the next stage and sets out to educate himself by buying loads of systems, ebooks, and courses, searching for the “holy grail.” The trader seeks advice and entry signals from other traders in forums who brag about their earnings and wonders why it’s not him.

3. The “Eureka” Moment- At this stage the trader finally realizes that it’s not necessarily the system that’s causing him to lose money, and that even a simple system that is based on how the market works and has a predictable edge can make money, so long as emotions are under control and the trader practices good money management. Once the trader realizes this, he/she can stop caring about what others are saying or trading and stick to one system. The trader executes trades with discipline every time an opportunity comes and doesn’t get disappointed by individual losses as it’s now a certainty that this type of trading will result in a profit over the long run. The light at the end of the tunnel is now visible.

4. Conscious Competence- At the fourth stage the trader now makes trades whenever the system instructs him to, and the trader is fully accepting the risk involved. The trader furthermore cuts losses short and gets out with discipline when things get hairy in the market. Although it’s not quite second nature yet, he knows what it takes to be profitable and now manages to break-even.

5. Unconscious Competence- Finally the trader has achieved victory! He has become so used to trading that it’s become natural. The trader is now able to pick really big trades and hold on to big winners with confidence. Furthermore, he has mastered his emotions and is now profitable.

Source from internet

Forex fund management is still illegal in Malaysia, and the website doesn't looks professional for me. It is always better you learn through hard work and grap a life time skill for yourself

100% ROI is achievable in forex market, your dad is right and due to global fund managers managed million to billion of capital, their risk management is definitely small and thus the ROI is smaller.

This post has been edited by bulkbiz: Feb 4 2011, 11:17 AM

The most I have seen from a full time trader is 500k USD and his ROI is 40%-60% from forex market. Haven't got the chance to met million dollar trader yet

January until now the market if you see from daily chart is consolidating, a big Tsunami will come after this boring market, it happens all the time, every time, too bad I don't have enough "bullets"....sigh