Is it just me, or some posts went missing?
Forex Version XI, Foreign Exchange Market Discussion
Forex Version XI, Foreign Exchange Market Discussion
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Jun 2 2013, 05:18 PM
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#41
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Senior Member
942 posts Joined: Mar 2008 From: Bollinger Bands |
Is it just me, or some posts went missing?
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Jun 3 2013, 11:09 PM
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#42
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Senior Member
942 posts Joined: Mar 2008 From: Bollinger Bands |
QUOTE(babienn @ Jun 3 2013, 10:21 PM) Hmm Im looking for a regulated broker, which provide fixed spread account. FYI, Bank Negara does not approve any type of forex trading by any means so trade at your own risk. Why do you need fixed spread? some ECN floating spread is low enough and most wont go over 2 even at extreme conditions. Most fixed spread broker usually wont go below 2 pips.I wanted to start a demo account with HotForex but then they do not provide demo account with fixed spread, only variable spread. Then I turn to FXPrimus, they do provide fixed spread account. But the spread is not really low, EURUSD 2pips, AUDUSD 3pips, GBPUSD 3pips. Now trading with their demo account. Are HotForex and FXPrimus regulated? Does Bank Negara recognize them? (Or does Bank Negara blacklist them?) Can you guys recommend me some regulated broker with low spreads? |
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Jun 4 2013, 12:08 AM
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#43
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Senior Member
942 posts Joined: Mar 2008 From: Bollinger Bands |
QUOTE(babienn @ Jun 4 2013, 12:21 AM) Because floating spread often go up to 6 or 7 pips when the market open/close or when a major news is released. I had never seen a floating spread remain under 2. so ur strategy is morning breakout yea? I'm fine with the fixed spreads offered by FXPrimus, but just surveying if there is any lower. I had just read that FXPrimus was listed scam by Bank Negara. What the.............. So FXPrimus is a scam??? |
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Jun 5 2013, 06:29 PM
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#44
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Senior Member
942 posts Joined: Mar 2008 From: Bollinger Bands |
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Jun 6 2013, 06:36 PM
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#45
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Senior Member
942 posts Joined: Mar 2008 From: Bollinger Bands |
QUOTE(brotan @ Jun 6 2013, 01:02 PM) wanna ask SnR is not the same for everyone. Its subjective. Same goes with trendlines. If you are 'seeing' the same chart and pattern, you will most likely get the same snr or tendline level with pther ppl. Correct me if im wrong.do you listen to news for your trade decision or mainly charts? also for the support / resistance level, for the same graph, it is possible to draw different levels depending how you look at it. Is there a general guideline how you draw support / resistance for a given graph? |
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Jun 7 2013, 07:01 AM
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#46
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Senior Member
942 posts Joined: Mar 2008 From: Bollinger Bands |
QUOTE(brotan @ Jun 6 2013, 11:59 PM) I tried to chart the support and resistance b4. But I found there are so many possibility depending what criteria you use to define it Yeah, if the price bounce back one time it could be support/resistance but it will not be a strong one. It may break off anytime. If the price tested the line 2 3 times than its a stronger SnR.Any general solid guideline to follow? Example some will say if it bounce off once can be used. Some must bounce of 2 or 3 times only can use |
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Jun 8 2013, 12:24 PM
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#47
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Senior Member
942 posts Joined: Mar 2008 From: Bollinger Bands |
QUOTE(brotan @ Jun 8 2013, 01:20 PM) thanks for the feedback I also use 1hr timeframe to plot trendlines and i use 4hr to see the 'bigger picture'. but generally, the bigger the timeframe where you plot the lines, the better chance that it will hold.what about timeframe? is there a general timeframe that is suitable? I was thinking 1 hour would be quite suitable |
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Jun 30 2013, 07:45 PM
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#48
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Senior Member
942 posts Joined: Mar 2008 From: Bollinger Bands |
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Jun 30 2013, 11:06 PM
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#49
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Senior Member
942 posts Joined: Mar 2008 From: Bollinger Bands |
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Jul 2 2013, 11:11 PM
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#50
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Senior Member
942 posts Joined: Mar 2008 From: Bollinger Bands |
Auuuugghhhh. Should have followed my instinct to sell xauusd this morning. Too late edi now.
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Jul 23 2013, 12:45 PM
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#51
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Senior Member
942 posts Joined: Mar 2008 From: Bollinger Bands |
QUOTE(ProperTYcoon @ Jul 22 2013, 06:20 PM) yeah, I made like 3xx usd per month previously, but if without those renewal fee, i would have made more 4xx how much is your capital?QUOTE(ProperTYcoon @ Jul 23 2013, 10:47 AM) Hi there, I've been trading for years and managed to make atleast 500pip monthly following signals. so you just follow signals only?I do not have any further intention for any commercial purpose. but just sharing something that it works for a period of time for me |
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Jul 23 2013, 12:49 PM
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#52
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Senior Member
942 posts Joined: Mar 2008 From: Bollinger Bands |
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Jul 23 2013, 12:51 PM
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#53
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Senior Member
942 posts Joined: Mar 2008 From: Bollinger Bands |
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Aug 7 2013, 03:13 AM
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#54
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Senior Member
942 posts Joined: Mar 2008 From: Bollinger Bands |
QUOTE(ProperTYcoon @ Aug 6 2013, 03:47 PM) i'm a part time trader but i trade in groups, so i wouldn't want any problems whenever income tax came to me, glad i did pay. so how much tax did u pay to LHDN? is it the same with personal tax rate or is it different? and BNM never enquire you about anything?the reason I pay for the tax its because i'm a property investor which i need documents to get my loan approve |
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Aug 7 2013, 12:25 PM
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#55
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Senior Member
942 posts Joined: Mar 2008 From: Bollinger Bands |
Its funny when these so called 'fx trader' keep posting their mt4 screenshot with profits but when we ask them what's support and resistance level they don't know. guna robot letttewww.. -.- Keep posting their luxury cars,LV bags and what not to lure others. Forex is just like any other investments and tradings. It's not all sweet.
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Aug 7 2013, 02:46 PM
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#56
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Senior Member
942 posts Joined: Mar 2008 From: Bollinger Bands |
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Aug 8 2013, 05:49 PM
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#57
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Senior Member
942 posts Joined: Mar 2008 From: Bollinger Bands |
QUOTE(Jeck10 @ Aug 8 2013, 05:17 PM) Demoing for the first time, learning the basics and also trying to familiarize with basic buying and selling. But I have parts that I'm very confused.. 1 lot is equal to 100,000 units of base currency. but the lot sometimes depends on broker also. Like instaforex, 1 lot = 10,000 units if im not mistaken. Btw, how did you open those positions, i mean whats ur strategy? 1. When I choose 'volume' 1.0, what does it mean? From what I saw my 1 pip = 10$? 2. Before I buy or sell, the value of spread keeps changing, how do I know which one is the spread they charge me? 3. Is there a maximum duration to hold on the pairs? Is there any recommendation or its solely depends on what type of traders you are? Thank you in advance... |
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Aug 14 2013, 11:28 PM
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#58
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Senior Member
942 posts Joined: Mar 2008 From: Bollinger Bands |
yeah gt 250 pips scalping xauusd using my new strategy!
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Aug 15 2013, 12:55 AM
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#59
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Senior Member
942 posts Joined: Mar 2008 From: Bollinger Bands |
QUOTE(tshin810 @ Aug 15 2013, 01:35 AM) Its gold. Average swing in H1 already 500pips++ its not big of an achievemtn actually lol.QUOTE(MonsterPips @ Aug 15 2013, 01:38 AM) After you know how to control your emotion, you can start to learn on money management. I strongly agree with this. The feeling of trading your own money even if its just $5 is on a whole different level compared to trading demo. Personally ive been doing this for awhile using rm50 each time. Not much success though. But i still believes hard work and perseverance pays off later. 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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Aug 15 2013, 07:48 AM
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#60
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Senior Member
942 posts Joined: Mar 2008 From: Bollinger Bands |
Just to share something i found about IBS@OFX but its in chinese though. Cant understand much. It looks like a fake company.
source This post has been edited by qwertyuioped: Aug 15 2013, 07:49 AM |
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