Newbie here.

This post has been edited by chloe_lim: May 1 2013, 01:44 PM

I planned to join Wellington as my friend recommended it to me, is it reliable?
www.wfxltd.com
Anyone tried before? Feedback?
Anyway, I am given 15% commision if I can recruit people under my account,
But 10% is tradeble only which is can't withdraw while only 5% is withdrawable..

Wow, $25 per trade,
I'm playing $0.1 per pip only..
Kiasu-ism

Thats the most critical part - money management.
You must figure out how much are u playing for each pip,
else u gonna burn out very easily.
i started with usd1000,
so i play on low leverage which is only usd0.1 per pip,
profit/loss around few dollar,
but at least i wont easily lose the whole account.
sedikit sedikit, lama lama jadi bukit

each broker has their own sets of style,
some calculate on pip while some calculate on pipette, take notes.
play with demo until u are familiar with what u are dealing with

i'm also consider newbie la..
just hope im wont give u the wrong info.

i use wellington, but wellington also under mt4,
wellington is broker, while mt4 is a platform.
most of the broker are under the same platform which is mt4

example of pip and pipette:
If EUR/USD moves from 1.3160 to 1.3161,
that .0001 USD rise in value is ONE PIP

but for some broker,
If EUR/USD moves from 1.31601 to 1.31602,
that .00001 USD rise in value is ONE PIPETTE

spot differences?

Btw, anyone heard about RCFX?
Quite popular recently,
but to me is like another scam.. zzz
10k initial set up, 30k robot trade..

they are obviously MLM thing.. agreed! it's irritating..

Can anyone explain:

buy stop
buy limit
sell stop
sell limit

I'm blur~

I'm using wellington, does it matter?

huge movement for these few days..

more and more youngster are attracted by the luxurious lifestyle,
maybe some of them (i mean who is in) wasn't realize his or her group is a scam as well.. they are totally blind folded the branded~

10 lot per trade? I bet the trader is rich~ perhaps can open account in bank d?