well .. it was short for me since morning on the 1H inside doji...

well 4H buy in usdcad?? hmmm...

What are the standard volume you guys trading? I think I am getting more and more daring... I trade as much as 5~

nzdusd 4H looking good ..
same setup with usdcad that day... to bad i have 1 position

*if you guys are here.. might as well take a look at eurusd & usdcad .. 4H building a nice setup (for me )

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Added on September 11, 2012, 8:34 amcents account here

This post has been edited by poks: Sep 11 2012, 08:41 AM


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Hey everyone, I'm wondering a lot of these broker are saying we can just rely on the robots(Fund Managers) to do all the job for us, but I'm wondering, how can this be ?

I thought Forex is a type of investment that we should monitor something similar to the stock market ?

On top of that, why are forex brokers interested to ask you to sign up as their client ? I heard they're getting 10% commission out of your sign up package and on top of that, they get paid whether you win or lose money.

Please someone clarify to me all these above.

Forex if you want to trade by yourself is more or less like stock market.
(that's trading the market)

well.. robot is a robot .. they do have breakdown period..
fund manager .. now this is pro trader managing fund (maybe better put money here if don't want to go through trading process)

why brokers want more clients? same thing; money ..
ie. min spread eurusd is 2pips (trade 10k lot which is $1/pip) ... $2 spread x 10 000 traders = $20 000 easy money on spread.... lol

This post has been edited by poks: Sep 11 2012, 11:02 AM

can you enlighten me on what you see at EUR/USD and USD/CAD? I can't see anything.. lol.. NZD is ok..

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Added on September 11, 2012, 11:07 amNZD bounced off the 618 fib.. hope it goes all the way down from here..

This post has been edited by Kwill: Sep 11 2012, 11:07 AM

LOL ...

look at the smaller picture ..
i'm waiting for 1pm to see if the price is moving as i expected ...

so basically you only earn money if you recruit people as your client instead of trading the Forex itself ? sounds like some MLM to me already ...

why 1 pm? I thought 3 pm is the peak time?

Can I also know what is the risk of a broker closing down if you were to join them ?

I'm just fearful of this because these brokers can come and go anytime and as far as I know, Forex trading company are quite illegal no ?

he's talking about the regulated brokers.. they only earn thru spreads.. its like the service charge.. they can't go thru so many trouble to secure your trade and do it for free right, sure have to charge you..

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Added on September 11, 2012, 11:16 amforex companies are illegal in m'sia. find some regulated international ones that provide you the spreads that you want.. regulated companies can be trusted.

This post has been edited by Kwill: Sep 11 2012, 11:16 AM

can you please tell me who are some of the regulated brokers ?

So far I've talked to some of these people who are trying to "recruit" me but they can't really tell what is their company name or who are their fund manager which makes me quite skeptical

yup ... that's right kwill ..
insead of commission, they do spread (google pls) ..

i'm referring to my 4H chart kwill

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Added on September 11, 2012, 11:26 amsound like scam ... alert !

i'm using fxcm uk, regulated by in UK .. there are plenty of regulated brokers out there but do get the one regulated in US or Uk ..

This post has been edited by poks: Sep 11 2012, 11:26 AM

that makes a lot of sense now.. haha. hope you find the candle that you are looking for..

how can I approach this company that you mention ? anyone that you know in this forum that you can recommend to me

http://www.forexpros.com/directory/forex-brokers

(look for drop box on left side > under company info > regulation > any .

if you are just starting, might as well go for demo or cents account..

just google FXCM? lol.. do some research yourself, in the end you are the one who will be using their platform.. there is also FXPro and IBFX.. go try their demo see which you most like..

Currently 3pm is London open. However, 2pm is when Euro opens (Frankfurt) which is also Australia closing. On a slow day like today, from 1pm onwards, an hour before Aussie close until 3pm is when the market wakes up. If you are monitoring and planning your trades for 3pm, the 1pm-3pm window will give you a sense of direction. Anything before that on a slow morning like this is not useful for you to plan your trades.

Here is the tips for EUR-USD. I will try to post more tips if you all wish to get more tips and earn more.

Do you actually understand the concept of providing tips? You provide tips for the future, not in the past. That's like giving tip for horse racing, after the horse has won the race. What's this tip dated 1st September doing here? If that was a pending sell order, it would have been hit in the last couple of days. Your tip is invalid and hence useless to anybody. You also have no time frame and no justification for your tip. If you are trying to show how good you are, you definitely failed at that.