Welcome Guest ( Log In | Register )

Bump Topic Topic Closed RSS Feed
103 Pages « < 19 20 21 22 23 > » Bottom

Outline · [ Standard ] · Linear+

 Forex | Version 9, Foreign Exchange Market Discussion

views
     
mtsen
post Aug 31 2011, 11:45 PM

Regular
******
Senior Member
1,473 posts

Joined: Nov 2005
QUOTE(iamsuccess @ Aug 31 2011, 05:16 PM)
Can anyone suggest a good place to learn how to trade in forex? I am interested in a guided training course and not some website that you can find online.

Is this a good place to learn?

http://www.srdcglobal.com/
*
sounds like self promotion, what's wrong with online website ? They may be not prefect but at least they are independent. smile.gif

Added on August 31, 2011, 11:48 pm
QUOTE(milkyboon @ Aug 30 2011, 01:15 AM)
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.
*
actually robot should be proven in demo before bringing life ... else no point using that robot.

Oanda has about 48% success rate while others are only 20-30%, I read they also has the largest users base but I never heard of them, does anyone here know Oanda ?

This post has been edited by mtsen: Aug 31 2011, 11:48 PM
spcx
post Sep 1 2011, 12:27 AM

Getting Started
**
Junior Member
207 posts

Joined: Dec 2004
QUOTE(mtsen @ Aug 31 2011, 11:45 PM)
sounds like self promotion, what's wrong with online website ?  They may be not prefect but at least they are independent. smile.gif

Added on August 31, 2011, 11:48 pm
actually robot should be proven in demo before bringing life ... else no point using that robot.

Oanda has about 48% success rate while others are only 20-30%, I read they also has the largest users base but I never heard of them, does anyone here know Oanda ?
*
I'm using Oanda, so far everything has been ok. less leceh on opening account, can use paypal to deposit/withdraw. Low spreads on EUR/USD pair tongue.gif best of all i can trade using my iPhone..
Quinn
post Sep 1 2011, 01:20 AM

Cloud Surfer
******
Senior Member
1,227 posts

Joined: Sep 2004
Hi, silver chart updated. Hope you guys are in it! Had been talking about this bull since last week, if you had been following.


Attached thumbnail(s)
Attached Image
Quinn
post Sep 1 2011, 01:40 AM

Cloud Surfer
******
Senior Member
1,227 posts

Joined: Sep 2004
I'm a little fan of WD Gann and though to share this article.

http://www.cnbc.com/id/44036727/Fibonacci_...ear_Bond_Market
milfy
post Sep 1 2011, 01:40 AM

New Member
*
Junior Member
5 posts

Joined: Sep 2007
Hi, Just got hand burned in live trading. Guess had take time off to further learning and testing...

Any advice would be good.
Quinn
post Sep 1 2011, 01:42 AM

Cloud Surfer
******
Senior Member
1,227 posts

Joined: Sep 2004
QUOTE(milfy @ Sep 1 2011, 01:40 AM)
Hi, Just got hand burned in live trading. Guess had take time off to further learning and testing...

Any advice would be good.
*
1. Create a trading plan.
2. Demo it for a few months.
3. Restructure your trading plan if needed.
4. Go live with small lots.

Trading is a lonely journey. Don't rush it. wub.gif
milfy
post Sep 1 2011, 01:49 AM

New Member
*
Junior Member
5 posts

Joined: Sep 2007
Any website to read up to broaden my views and methods?

Very low in confidence in trading live since last week after hand burned...sigh!
Quinn
post Sep 1 2011, 02:00 AM

Cloud Surfer
******
Senior Member
1,227 posts

Joined: Sep 2004
QUOTE(milfy @ Sep 1 2011, 01:49 AM)
Any website to read up to broaden my views and methods?

Very low in confidence in trading live since last week after hand burned...sigh!
*
Tell me, what went wrong?
Quinn
post Sep 1 2011, 12:00 PM

Cloud Surfer
******
Senior Member
1,227 posts

Joined: Sep 2004
Anyone from Kuching? I'm having a small fx gathering. PM me and i'll drop you my contact.
SpL-[V]iCioUS
post Sep 1 2011, 04:53 PM

New Member
*
Junior Member
42 posts

Joined: Nov 2009
QUOTE(milfy @ Sep 1 2011, 02:49 AM)
Any website to read up to broaden my views and methods?

Very low in confidence in trading live since last week after hand burned...sigh!
*
Try the instaforex forum,i heard there's lot of success strategy posting over there.

Go go gog o rclxm9.gif rclxm9.gif rclxm9.gif
scar_face008
post Sep 1 2011, 06:18 PM

opis boi
****
Senior Member
590 posts

Joined: Jan 2007
From: Ranau, Sabah
when i 1st started, my 1st week of trading has been very successful. i still didn't know you can short. i haven't read babypips or any website. i only download client, try demo, and go live in 1 day.

2nd week on, everything goes downhill. wiped out in 1 month. then i topup. before i trade live again, i scour the internet for tips, strategy, robot. you name it. i even bought fapturbo (LOL!!!) and try a lot (literally) of robot. then i return to manual trading. 4H, 1H, M5, tried all TF, still fail.

after that i continue my search. dig more websites and strategies. i even try naked trading, support resistance technique, you name it. i've probably tried all the famous one. still fail.

after all those wasted money and time, i finally found where my mistake is. i was overtrading. there's nothing wrong with the strategy. every one of them are doing good. PEBKAC. after i sort out my patience and stay out of market when i m unsure of the direction, my life got better. my trading is still so-so. but life definitely is better.

my points is:-
1 - get a good strategy.
2 - patience. do not overtrade at all.
3 - use good money management.

sikit sikit lama lama jadi bukit. this is not quick rich scheme. use compounding magic if you plan to trade full time to build your capital. if you just want to make side income, then can withdraw every week. hehe. everyday even if you make enough profit smile.gif

p/s: sorry for the wall of text. just want to share my experience. hope someone can make good use of it.
wschoo26
post Sep 1 2011, 08:35 PM

Getting Started
**
Junior Member
152 posts

Joined: Sep 2008
QUOTE(scar_face008 @ Sep 1 2011, 06:18 PM)
when i 1st started, my 1st week of trading has been very successful. i still didn't know you can short. i haven't read babypips or any website. i only download client, try demo, and go live in 1 day.

2nd week on, everything goes downhill. wiped out in 1 month. then i topup. before i trade live again, i scour the internet for tips, strategy, robot. you name it. i even bought fapturbo (LOL!!!) and try a lot (literally) of robot. then i return to manual trading. 4H, 1H, M5, tried all TF, still fail.

after that i continue my search. dig more websites and strategies. i even try naked trading, support resistance technique, you name it. i've probably tried all the famous one. still fail.

after all those wasted money and time, i finally found where my mistake is. i was overtrading. there's nothing wrong with the strategy. every one of them are doing good. PEBKAC. after i sort out my patience and stay out of market when i m unsure of the direction, my life got better. my trading is still so-so. but life definitely is better.

my points is:-
1 - get a good strategy.
2 - patience. do not overtrade at all.
3 - use good money management.

sikit sikit lama lama jadi bukit. this is not quick rich scheme. use compounding magic if you plan to trade full time to build your capital. if you just want to make side income, then can withdraw every week. hehe. everyday even if you make enough profit smile.gif

p/s: sorry for the wall of text. just want to share my experience. hope someone can make good use of it.
*
Yup..this is a sound & sincere advice for newbies...thanks for posting
poks
post Sep 1 2011, 09:55 PM

--[2013 : Going Farming]--
******
Senior Member
1,567 posts

Joined: Nov 2005
From: Ppg, Sbh.
just back from cuti2...
i sure missed a lot...
now gotta read a lot...

mr scar.... never tot you'll go that far blink.gif
i agree on the over trade thing... i monitor the 6 main pairs, 7 including gold (except jpy)... but will only make 2 trades at one time...
and i take only that suit my requirements..
and always WAIT for confirmation... (which i seldom do biggrin.gif )

This post has been edited by poks: Sep 1 2011, 11:03 PM
iamloco
post Sep 1 2011, 10:14 PM

Enthusiast
*****
Junior Member
780 posts

Joined: Mar 2008
From: KL
QUOTE(thomas @ Aug 29 2011, 04:58 PM)
1.) Not all the gap to be filled/closed
2.) Some gap is only to be filled/closed by 50% but not 100%.
3.) Bollinger Band can tell you why...

Added on August 29, 2011, 5:19 pm
GBP Bank Holiday Today~
*
TP 4255 reached already cool2.gif cool2.gif cool2.gif
poks
post Sep 1 2011, 10:20 PM

--[2013 : Going Farming]--
******
Senior Member
1,567 posts

Joined: Nov 2005
From: Ppg, Sbh.
arrrggg.... closed my short on nzd too early....
should be 20pips richer... never mind... the night is still young...

monitoring monitoring....

this fxcm is feeding me different candle from sunbirdfx...

*** something fishy with chf movement..... nzd also looking good for short... looks like double top...

arrrggg... missed nzd again... !

This post has been edited by poks: Sep 1 2011, 11:24 PM


Attached thumbnail(s)
Attached Image Attached Image
milfy
post Sep 2 2011, 12:09 AM

New Member
*
Junior Member
5 posts

Joined: Sep 2007
overtrading and greed...

Added on September 2, 2011, 12:19 am
QUOTE(scar_face008 @ Sep 1 2011, 07:18 PM)
when i 1st started, my 1st week of trading has been very successful. i still didn't know you can short. i haven't read babypips or any website. i only download client, try demo, and go live in 1 day.

2nd week on, everything goes downhill. wiped out in 1 month. then i topup. before i trade live again, i scour the internet for tips, strategy, robot. you name it. i even bought fapturbo (LOL!!!) and try a lot (literally) of robot. then i return to manual trading. 4H, 1H, M5, tried all TF, still fail.

after that i continue my search. dig more websites and strategies. i even try naked trading, support resistance technique, you name it. i've probably tried all the famous one. still fail.

after all those wasted money and time, i finally found where my mistake is. i was overtrading. there's nothing wrong with the strategy. every one of them are doing good. PEBKAC. after i sort out my patience and stay out of market when i m unsure of the direction, my life got better. my trading is still so-so. but life definitely is better.

my points is:-
1 - get a good strategy.
2 - patience. do not overtrade at all.
3 - use good money management.

sikit sikit lama lama jadi bukit. this is not quick rich scheme. use compounding magic if you plan to trade full time to build your capital. if you just want to make side income, then can withdraw every week. hehe. everyday even if you make enough profit smile.gif

p/s: sorry for the wall of text. just want to share my experience. hope someone can make good use of it.
*
Owe you a very very big thank you because learn a lot from you with this few quotes. Makes me start to reflect on my self about greed and money management.

my next target will be finding a good strategy!!

Once again a big thank you to scar_face008!! rclxms.gif rclxms.gif rclxms.gif

This post has been edited by milfy: Sep 2 2011, 12:19 AM
scar_face008
post Sep 2 2011, 06:34 AM

opis boi
****
Senior Member
590 posts

Joined: Jan 2007
From: Ranau, Sabah
no problem mates. we all make mistake. some pay with small price, some pay big. i'm lucky i just paid cheap price for it. my father's friend once lost RM20k brows.gif
poks
post Sep 2 2011, 07:38 AM

--[2013 : Going Farming]--
******
Senior Member
1,567 posts

Joined: Nov 2005
From: Ppg, Sbh.
TGIF

currently looking & waiting..

eur, gbp, gold biggrin.gif

This post has been edited by poks: Sep 2 2011, 07:46 AM


Attached thumbnail(s)
Attached Image Attached Image Attached Image
iamloco
post Sep 2 2011, 10:31 AM

Enthusiast
*****
Junior Member
780 posts

Joined: Mar 2008
From: KL
buying GBPUSD...expecting big movement tonight..

Added on September 2, 2011, 11:55 ambuy PO set at Support 2 and Support 3.

user posted image

This post has been edited by iamloco: Sep 2 2011, 11:55 AM
jun16
post Sep 2 2011, 01:28 PM

Getting Started
**
Junior Member
91 posts

Joined: Apr 2011
good time to long for EURUSD?
« Next Oldest · Finance, Business and Investment House · Next Newest »
 

103 Pages « < 19 20 21 22 23 > » Top
Topic ClosedOptions
 

Change to:
| Lo-Fi Version
 0.0626sec    0.63    6 queries    GZIP Disabled
Time is now: 10th December 2025 - 02:42 PM
All Rights Reserved © 2002- 2025 Vijandren Ramadass (~unite against racism~)
Removal Request
Powered by Invision Power Board © 2025  IPS, Inc.