can someone pls teach me how to trade????(screaming out)

i've used and tested so many indicators (sad to say about 1.5k+ indicators).....finally just use 1 indicator to check whether the trend is still intact or not.

all the overbought oversold indicator all throw out.......

secret is to read the chart (Price Action) and catch the tail.

By the time your indicator ask you to buy/sell i've already taken my profits

This post has been edited by AllnGap: Jan 16 2013, 03:26 PM

gbpjpy after retracement last nite,now keep falling.but atm my count show the end of wave 4 or probably end of wave a and in progress to start to make wave b?interesting~

i hope you manage to slip in some positions.
still holding on to my long.
my balls not dare enough to take a position on gold yet. lol
do a post if you see something on gold boyvai. i'll give you "like" button if we have 1 here

You can learn at school of pipsology at babypips.com first.....

that's a good start for beginner...

thx

Sure...welcome..

hope you have a good start for trading.

mind if i ask how long hv you been trading?

i already have 2 years trading experience..

gbp/jpy nice bullish.wave b in progress?

If you understand Malay, I would like to recommend this blog, Belajar Forex BM

My Fren told me that forex is like MLM,is that true?

Guys, my friend sold me a plugin in metatrader 4 that screens out all the currency pairs and display the ones that are trending. Basically a trend filter that supports all time frames. It is based on simple moving averages. If you are interested can drop me a PM.

If you are looking for a very reliable system after knowing all basics of forex and dont know where to head to, can drop by me a pm too

wake up this morning with full of smile lol.
gbpjpy wave b completed?resistance area atm.double top tfh4 or daily chart?
eurojpy daily chart break the resistance already.but look at the highest top at aprill 2011.

Ok..that's sure a joke & a troll....i'm laughing now...Ha Ha Ha..

Any one heard of ODFX? They have representative in Malaysia. They are offering entry level of USD500 until end of this month. Then subsequently minimum entry will be USD1000. The thing is i found out that the Maybank exchange rate for USD is 3.05 but they are using 3.5 for exchange meaning RM1750 for USD500. when withdraw they will use 2.95 rate. I know its normal to have some difference in buy and sell but for starting the rate seems to be a bit high. Any comment from the pros out there?

Why would forex be like MLM? Is buying shares on KLSE an MLM? No difference in forex. Don't listen to your friend... tell us what YOU think?

Why would you need representation when everything is done online? Just like how you are talking to us online WITHOUT even the need to know who we are. With the current technology (combined with old school bank wire transfer), you can start an account, transfer your deposit and start trading in less than a week.

The representation here are IBs and not the broker themselves. IBs are like sales agents for the broker to make things easier. They help you open an account and accept your money to help you deposit into your account, something that you can do in less than 5 mins filling up the bank wire transfer form in Maybank and wait 30 mins in queue to get done. The IB still have to wire transfer your money into the broker who does not have a local account for the IB to do so. That is why they are charging a higher rate as the banks will charge them a wire transfer charge.

Anybody can be a representative of the broker. Some brokers don't even care as long as you can intro new members. The IBs get a cut of your trading and give the impression of it being an MLM (wait... didn't somebody just asked about forex being like an MLM...hmmmm). It is not MLM as this is the only way the IB is paid for their effort of 'representing' the broker and providing assistance and help.

I'm not saying that every IB is bad.. but you have to take your chances and it might be a good place to learn if you have a good supportive IB who is willing to help. You can use it as a stepping stone with small amount as risk or 'tuition fees'. The rest you can learn online.

It is not exactly a joke and troll.. I don't blame people for thinking that it is MLM.. however, it is SLM.. Single Level Marketing .. just not multilevel. Every IB is a Single Level Marketer who makes a commission based on the trades you do. The more people the IB recruit and help trade under his IB, the more commission he earns. SLM.. not MLM.

swing trader or scalper better?