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 Forex Version XI, Foreign Exchange Market Discussion

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Jeck10
post Aug 15 2013, 01:57 AM

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QUOTE(MonsterPips @ Aug 15 2013, 12:38 AM)
After you know how to control your emotion, you can start to learn on money management.

I would like to stress again learning with a live micro account with usd5 capital is much better than a demo account. See how many time you blow up the account or how much you gain. Training for 2-3 years will be good.
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Ah we can open acc as low as 5$??
2-3 years..don't know I can tahan anot..haha..tongue.gif
Jeck10
post Aug 16 2013, 02:50 PM

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Keep making losses..my mind is so confuse with all the informations that I studied...=S
Jeck10
post Aug 16 2013, 07:22 PM

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QUOTE(sebastian.twz @ Aug 16 2013, 03:57 PM)
kakaka, starting to doubt yourself already... mixed data from US is really screwing with us  cry.gif

The rally in EU touched my trailing stop... sigh...
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Yesterday was so hectic..was losing more than 1k$, then keep scalping until late night and got positive 300$.

Today dont feel like scalping anymore, so stressful..
Jeck10
post Aug 17 2013, 10:56 AM

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After demo for 1 week+, my 3k$ acc is now 5238$. I think I will open a live acc to practice after I manage to reach 10k$. Still confuse about leverage and margin.
Jeck10
post Aug 17 2013, 01:47 PM

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QUOTE(ProperTYcoon @ Aug 17 2013, 12:49 PM)
hahahaha wow, how did you scalp? big lot scalp?
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Still same value just that a couple that are more confident I put bigger lot. Then I just tp after 10-20 pips. Made 33 trades. 25greens vs 8reds. Some of the reds are too big lol.
Jeck10
post Aug 17 2013, 05:14 PM

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QUOTE(garmin888 @ Aug 17 2013, 02:08 PM)
I think you better continue trading with demo first while reading up about forex...learn up the basics. What you did is more like gambling. A real account is very different from a demo account especially the way you trade. Discipline, emotions and education is very important. Don't rush into it
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Thanks for the advice, yea I will read up more and improve. I'll only open a real acc once I reach my demo target, and the purpose of the real acc is also part of my learning as there's where I think I can train my discipline and emotions to the next level.

QUOTE(qwertyuioped @ Aug 17 2013, 04:25 PM)
Share yourscalping strategy pls...i want to know also.. tongue.gif
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Where got ppl learn from newbie one...=.= anyway I was:
using bollinger band, RSI and stoch
see different time frame, see the trend
trade 4-5 pairs of diff currency at a time, those with low spread I'll tp them around 10pips, those with higher spread will try between 10-20 pips.
After tp, straight away search for the next pair that I feel the most confident with.
Then keep repeating the process, keep 4-5 pairs..
and then the most important thing..PRAY!! Hahaha...tongue.gif

This post has been edited by Jeck10: Aug 17 2013, 05:15 PM
Jeck10
post Aug 20 2013, 03:59 PM

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QUOTE(ProperTYcoon @ Aug 20 2013, 12:57 PM)
hi there, take a deep breath, take a big buy on USD, we're going to see some fireworks tonight
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Celebrate merdeka in advance? tongue.gif
Jeck10
post Aug 20 2013, 09:20 PM

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QUOTE(bidfordun @ Aug 20 2013, 07:37 PM)
Hi all.

Can recommend any demo website that is intuitive and easy to use? I am still studying it at the moment and hope can try some simulation.

Just curious though do those demo accounts have any mobile app like ipad or android?
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I'm currently using just demo app without any broker I think. I just went to AppStore and search metatrader 4. Download it and open the demo acc. I'm using my iPhone to do all the trades. Yes it's a bit small haha but I can access it anywhere anytime. smile.gif
Jeck10
post Aug 21 2013, 12:08 AM

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QUOTE(garmin888 @ Aug 20 2013, 09:42 PM)
Looks like its going the other way around
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I think it went down just now and now only starting to go up..but..don't trust me, I'm noobie...tongue.gif
Jeck10
post Aug 21 2013, 08:03 AM

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QUOTE(Spencer Hastings @ Aug 21 2013, 02:09 AM)
USD went the other way round. Should've listened to my gut. Reports from New York session back USD but its not doing good esp for EUR/USD pair.
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Yea luckily I'm confident with my self and went long for eurusd instead..smile.gif

QUOTE(garmin888 @ Aug 21 2013, 02:22 AM)
Nah..its been going up the entire day. tomorrow night will be the day to watch though. This will be when the FOMC minutes are released indicating whether Septaper will happen or not
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Really ar..didn't know bout others, luckily I earn a bit going short on aususd, and I went long for eurusd..smile.gif
Jeck10
post Aug 21 2013, 11:18 AM

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QUOTE(sebastian.twz @ Aug 21 2013, 11:07 AM)
I got a feeling septaper will not happen, maybe Dectaper?
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What's that? :s
Jeck10
post Aug 22 2013, 10:50 AM

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QUOTE(ProperTYcoon @ Aug 22 2013, 09:33 AM)
my GU TP HIT! as predicted! woo hoo!

USD is bouncing up again, and bouncing down AGAIN SOON..
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Nice congrats! smile.gif

Anyway wanna ask everyone here do we have to pay income tax for the profit we make? Or only have to pay if we reach certain amount?
Jeck10
post Aug 22 2013, 11:23 AM

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QUOTE(ProperTYcoon @ Aug 22 2013, 10:54 AM)
Hi, yes, I do pay income tax for the profit I made from Forex.

If you do not have any intention to purchase any Property/Assets, I don't think much people out there are paying the tax.
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I saw the income tax guide stated that if earnings less than 29,775 annually, which around 2.5k, we don't have to pay tax, but is this apply to forex income as well?

Hmm if I were to make profits in forex, my plan is to reinvest the money into the acc or also invest in properties.
Jeck10
post Aug 22 2013, 03:48 PM

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Oh no my demo in big trouble hahaha..tongue.gif
Jeck10
post Aug 22 2013, 04:27 PM

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QUOTE(zDarkForceSz @ Aug 22 2013, 03:49 PM)
lol what happen? demo only ma =x
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Dumb lo didn't put sl, when came back to check already very big red lo..haha, now trying to save it..smile.gif
Jeck10
post Aug 22 2013, 06:24 PM

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QUOTE(ProperTYcoon @ Aug 22 2013, 05:49 PM)
EU bear! TP Hit!! hurayyy to all
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Not for me haha..I totally tebalik lol..sell when bull, buy when bear..double kill lol..
Jeck10
post Aug 22 2013, 11:15 PM

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Woah unbelievable eurusd went back up! My acc back to green! biggrin.gif
Jeck10
post Aug 23 2013, 11:06 AM

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I plan to open a live account this weekend, start training using real money coming Monday. I'm ready to 'pay' some tuition fee! tongue.gif
Jeck10
post Aug 23 2013, 12:11 PM

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QUOTE(ProperTYcoon @ Aug 23 2013, 11:28 AM)
you may need not to pay any tuition fee if you are cautious enough, if you are interested you can follow my signals, i will try to provide in forum  biggrin.gif
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Thanks in advance, I'm planning to open with fxprimus, I think u r using it also right? They are having a promotion for their clients to refer to ppl now, do u want to 'refer' me to join? biggrin.gif
Jeck10
post Aug 24 2013, 11:10 AM

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QUOTE(ProperTYcoon @ Aug 23 2013, 12:54 PM)
hahaha well, I don't promote my group, but of course if you are interested then you are welcome to join.

my main profession is not trading, but somehow i'll only trade when there's any signals provided by my group without any charges  biggrin.gif
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Oh u have a group? But why u mentioned 'without any charges'? Ur own group and they charge u? =.=

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