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 Forex Version 10, Foreign Exchange Market Discussion

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wschoo26
post Apr 14 2012, 01:07 AM

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QUOTE(nebula2009 @ Apr 13 2012, 09:07 PM)
5% winners are humble,never try to beat or predict the market,our mentor and the 2 hedge fund managers ask us to go out help other people as well and do charity,I respect them and come here to help out the 95% majority.The truth is there is no getting rich quick in forex trading.
OMG, I want to laugh my heart out, they sound like mother theresa...If do charity, why need to pay course fees? What is their definition of charity?

I only see that majority of people are talking about how to beat the market and make how much profit,to win in forex is not knowing how to win, but how to handle the worst when the market trends unfavorably against you. Therefore, conditioning yourself to have the right trading mentality and the tough mindset is fundamental and critical to your long term success.

My mentor trade 20 currency pairs for diversification since the markets are full of uncertainties and they use leverage judiciously.

WISEFX(michael loo and jeffrey yong, family business), teach u to be winner , not teach u to become trader...5 to 10 mins daily only in the morning , turtle trader, using japanese brick system aka renko. with MACD exit..course fees rm7.8k? I saw in advertisement. Lately dont know say develop BIYD system..attend preview also charge .And if introduce student , introducer can get commission.

Wall Street investment professionals get paid to turn up every day to "do" something, but not for making you money.
Analysts keep their position by writing reports even when there's no real reason for one to be written.
Market commentators are paid to have an opinion, even on days when they have to invent one.
Fund managers are paid to invest, not sit on piles of cash even at times when cash is king.
Investment newsletter writers have to make a recommendation because a publishing deadline is near, not because they've a great stock to recommend...

But, do you think you could be paid for trading activities at times when you should not trade and stand aside??? What you think will define whether you end up as a Winner or Loser eventually!

Warren Buffett said,
“You don't get paid for activity. You only get paid for being right. The trick is, when there's nothing to do, do nothing!"
Warren Buffet is not trading forex, he is equity trader



Peace.


Added on April 13, 2012, 9:12 pm

Thanks,then I'll stop chatting here and I'll respect your request.Please continue your discussion regarding how the market is moving,and sorry about my interruption.Peace.


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This post has been edited by wschoo26: Apr 14 2012, 01:11 AM
wschoo26
post Apr 14 2012, 01:24 AM

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QUOTE(aimank_88 @ Apr 14 2012, 01:15 AM)
Arent promoting any companies or referral programs prohibited ? Pls stick to the topic, which is discussing foreign exchange issues.
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brother.i not promoting any course( i am anti-course, I do not recommend courses at all)..just comment on nebula statement only.

wschoo26
post Sep 21 2012, 01:26 PM

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QUOTE(kevler @ Sep 21 2012, 10:43 AM)
macam best jer for scalpers

EU H1
user posted image

EJ H1
user posted image
U guys can tell me where the pairs going to
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From your chart eu and ej H1 is going down
From my guessing, eu up till 1.3040 then retrace down again
ej up to 102.20 then retrace down again
wschoo26
post Oct 11 2012, 10:17 PM

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Instead of discuss this or that boring broker topic...lets change to some inspiring topic...one of the legend of scalper, indrafxscalper Legend scalper result

He reached utopia level(top 3% of forex trader) of forex scalping and coded his technique into robot/EA.
Hope the news is inspiring...Many ask and doubt can(forex trading) it be done? someone already done it but not me sad.gif

His definition of journey as a forex trader

level 1- u think you are special , u r unique, u can beat the market, emotional, u tell/post how easily u win or how bad u lost, u ignore about guru trader say MM, u dont believe in it. Too bad...market beat u in the end, and beat u badly. U having a nightmare.

level 2-u searching for holy grail, start buying a system/robot , u stress yourself and test all kinds of indicators in the world as u believe there must be few indicators to predict the market, u try to spot top and bottom

level 3 - u finally realise it is not the system problem , u start to believe MM, u start reading psychology of trading book. U finally accept no one can predict accurately future price , u start to modify a system to suits your character of trading style, u r not emotional anymore

level 4- u trade only when yr system gives u signal , u practise 2% only risk of yr account, u practise SL , u mastering your emotion , u target consistent 40 pips daily, then increase to 60 pips consistent daily but still need to work hard

level 5- UTOPIA LEVEL-highest level of trader, 3% of trader reach this level , u master everything and can dance with the market , u r a star in chatroom but your advice turn to deaf ear for those level 1 trader, u no more worry about financial matter and reach true financial freedom,u can buy an island and stay there as long as have internet access and a laptop for u to trade, u earn like a superstar.

Which level are you in now? Wishing you all become 3% of the trader!!Utopia trader

This post has been edited by wschoo26: Oct 11 2012, 10:35 PM
wschoo26
post Oct 12 2012, 09:28 PM

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moronjoe- dont get so emotional...hehehehe...just share some story so that all become motivated( i am not selling anything, just want to inject some motivation only)...it exist if u believe it, it doesnt if u dont beleive it. no wrong , no right....gambateh!!

poks- i still fine tuning when i am free and stop for some time..need refreshing..and need other source of income....thanks for your kindness

boyvai- ya...i wonder how he did it

to all- utopia trader smile.gif
wschoo26
post Oct 16 2012, 07:06 PM

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Only if trading is as easy as this technical analysis
wschoo26
post Oct 30 2012, 09:28 PM

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QUOTE(kevler @ Oct 30 2012, 06:21 PM)
yes ... let see how it goes  smile.gif
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Daily chart to collect buy kuaAttached Image Attached Image

This post has been edited by wschoo26: Oct 30 2012, 09:29 PM

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