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 Forex | Version 9, Foreign Exchange Market Discussion

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milkyboon
post Aug 29 2011, 08:55 PM

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Ahaha, my predictions in gold was correct isnt it? Hahaha. Too bad its me myself that did not go in and trade.
milkyboon
post Aug 30 2011, 01:15 AM

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QUOTE(iInvest @ Aug 29 2011, 09:37 PM)
What is the best robot u guys been using before starting playing Live.
pls intro me.
and how can i make an account and start trading live when im are ready? how about the $$ transfer everything. sorry too much question. newbie here smile.gif
how bout the time. what time the market starts and what time it closes down? tq
*
Aiya, where got ppl use robot before playing live?(Maybe got some la, maybe poks)
Usually is demo>live>robot.
Do your research on which broker to make account with. There are some info on brokers on the first few pages.
Things you must know about brokers is
1. Spread - Difference between buy/sell price. This is the comission broker makes
2. Speed - The lag between the time you click for order and the time your order is executed. Very important if you are a scrap trader.
3. Pairs - Some brokers like AvaTrader offers commodities and over a hundred different pairs of currency. HotForex only offer forex pairs. So if you want to trade gold, some offer gold but some do not.
4. Leverage - HotForex offers up to 1000x leverage. Leverage is like how many times more profit you can make. Beware, leverage could cause your account to go into -ve region.

Bout the time, I use Google sidebar. Then download OANDA FxMarketHours. So no matter where you are in the world, you can know what time it opens.

And please do your research before coming back. Sifu-sifu dont like if you come back empty handed. Worse is empty headed.
milkyboon
post Aug 30 2011, 01:29 AM

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Hmm... My suspicion is that Gold is in Harmonic price pattern now... Of coz, unbased suspicion. Hahaha
And of course, uptrend Elliot wave is over. Now going down, with a few abc correction. Now, Im going back to wrok...

This post has been edited by milkyboon: Aug 30 2011, 01:30 AM
milkyboon
post Aug 30 2011, 05:08 AM

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biggrin.gif
Still cannot trade... Self promise not to trade until I finish my forex studies~~
milkyboon
post Aug 30 2011, 08:01 AM

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I recommend Avatrader for Demo account since you can learn a lot from it. AvaMetatrader4 for Live account as it has more tools and pairs. If you want strictly for Forex pairs then use HotForex or Instatrader as they have one of the lowest spread.

Dont understand what I said?(or typed literally) biggrin.gif reread them~

Ahh... This world is filled with young boys wanting to get rich quick but never want to do any work~~
If I sell u get-rich-quick scheme u wan o nt?


Added on August 30, 2011, 9:00 amAnyone got any idea where to get this chart? Its the Commitment of traders chart.

http://www.babypips.com/school/images/fres...eur-globex4.png

It came from
http://www.babypips.com/school/the-cot-trading-strategy.html

Ahh.. wait I found it...

This post has been edited by milkyboon: Aug 30 2011, 09:58 AM
milkyboon
post Aug 30 2011, 07:54 PM

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QUOTE(kelvin_tan @ Aug 30 2011, 03:42 PM)
HotFX and Instatrader offers LOW SPREADS?

How low we talking?

And another point, when recommending brokers, are those brokers regulated? Brokers can just dash of with your money. Never forget that. You could make a million bucks but what use it is if your broker doesnt give you the money?
*
Thats what I heard la.

But yeah, have to check if brokers are regulated. For safety precautions. Nobody likes their money taken away.
There should be a link earlier in this thread for regulated brokers.
milkyboon
post Aug 31 2011, 12:47 AM

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Ohh... Forex Peace Army.
Dont worry, InstaForex is not the only that was attacked by FPA. Even Avatrader got shot a few years ago.
IMO, FPA is more like a group of dissatisfied customer, blaming every broker just because their trade was executed 0.5 seconds late. I may be wrong, but I do not trust FPA. Try other forums for more confirmations.
milkyboon
post Sep 14 2011, 09:17 AM

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Let us say goodbye to our very honorable member of forex, Quinn of Ichimoku.

Thank you very much for all your contributions, you have taught me (and many others) a lot while being humble and wise. Thank you.

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