Still holding my EU short from last Friday

Will eye 1.3180 and take half

Nah, better not risk it account in the green is enough for me

Anyone planning to short EU/ reload more shorts? Share opinion pls XD

To me the #1 reason will be emotions, not a good feeling when you see your account in the red

Yea, for newbies, when they see it in the red, sometimes we'll get spooked and then closed the trade; only to have the price move according to our analysis in the next hours or so... then we'll give ourself a FACEPALM

Yea, be realistic on the amount you put in the balance. Keep trading, perfecting your control on both your emotions and your analysis, build your faith in your trading.

Same same, probably happened to every trader before, ego getting in the way. better have a preset exit plan XD

money management with $5... ... is it possible? even with Nano accounts ( each pip = 1 cent ), a 1% SL will be 5 cents... a mere 5 pips ignoring the spreads...

They speculating on Septaper, US news if print in the green = more confidence in septaper > USD Bulls gets a rocket pack > Gold falls into a deep hole

market sentiments also alot of shorts in the EU > Septaper speculation

Also another note, even if all US news prints out very good, there is no 100% guarantee the Feds will taper in September, please trade with caution

please do, especially those on the central banks

kakaka, starting to doubt yourself already... mixed data from US is really screwing with us

The rally in EU touched my trailing stop... sigh...

leverage is just something like Broker loaning you money to trade fx, without leverage, you will need a few million USD to trade fx... margin is something like the deposit you must make to utilize the leverage. As for the calculation, the margin requirement for a standard contract ( 1.0 standard lot ) is the 100,000 / leverage. < some brokers will multiply the price in there as well.

I smell EGO in the air

Hold your horses, still a very long way from Rm4 per USD... and if it really reach there... we'll be in deep shett

but i do agree with your first point; many bank has forecast that q4 2013 and 2014 will be a recovery period for the US economy, if the feds really start their taper next month,we'll probably see 3.3-3.4 MYR per usd by early next year

Just about all brokers can give you a demo account... try fxcm (micro), alpari, oanda, or other Uk regulated brokers... preferbly will be using MT4 platform, but some will have their own platforms

U really noobie huh....

Legally speaking.... they cant be based in Malaysia... since our bank negara dont regulate these fx brokers....

all brokers we used in this thread will be from either NZ, AUS, UK, Europe, or US < which has atleast some regulations and registration; some from Singapore or Hong Kong also getting into the retail fx market...

As for mobile apps, all brokers will have some sort of mobile apps, the most common one will be the Meta Trader 4 Mobile app ( U just download Meta Trader 4 by metaquotes inc from googleplay/apple app store and then select your broker from within the app itself)

BTW, just in case you didnt know,best to avoid those brokers that offer local deposits ( meaning you pay them in cash/ bank transfer into a malaysian bank account, and then they transfer the money to your trading account); from BNM point of view those local deposit is illegal... coz only those firms and banks licensed by BNM can take deposits ( those like commercial bank and OSK etc)

I got a feeling septaper will not happen, maybe Dectaper?

Uncle Ben gonna determine the fate of USD

he say no septaper > who short who GG